Category: Cryptocurrency

In the U.S., Tuesday marked the return to work after the long Labor Day weekend. But in El Salvador, it was Bitcoin Day. The Central American country celebrated the first day it officially recognized bitcoin as legal tender. It’s the first nation in the world to do so. Starting on Tuesday, Salvadorans could use a digital wallet app on their smartphone called Chivo to shop at stores and restaurants around the country. To help kick off Bitcoin Day, the El Salvador government gave $30 in bitcoin to everyone who signed up on the app. It also installed 200 ATMs that[…]

What A Tangled Web We Weave… Great Ones, today we’re talking about billionaire investor Mark Cuban and his spat with the SEC. But first … did y’all see the new Spider-Man: No Way Home teaser trailer? Spoiler alert! I’ve watched this trailer way too many times, which directly shows (or hints at) the following appearances: Dr. Strange, Doc Ock, Green Goblin, Electro, Sandman, Lizard and Black Suit Spider-Man. What in the name of Madam Web is going on?! This looks epic! Kudos, Sony (NYSE: SONY) and Disney (NYSE: DIS). All right … Mark Cuban is no Spider-Man. OK, maybe he’s[…]

Over the past few months, there has been an influx of doom-and-gloom articles claiming home prices are in a bubble. Frankly, I don’t think the claims could be further from reality. That’s because measuring value is all about perspective. When compared to historical home prices, current home prices may seem expensive. In fact, the Shiller Home Price Index is 38% higher than it was at the height of the 2006 housing bubble. But if you consider factors like rising rent prices, wage inflation and a rapidly expanding money supply, the housing market has been modest in recent years. In the[…]

Today’s Take: The right CEO makes all the difference. Warren Buffett says that CEOs aren’t selected like Olympic teams. There’s no uniformity in top quality. Yet investors treat them as if they’re all the same, like lightbulbs. If Amazon’s Jeff Bezos, Microsoft’s Bill Gates or Google’s Larry Page were starting a new venture … all you’d need to do is tell me where to send the check to. You wouldn’t even have to tell me what business they were going into. It really wouldn’t matter to me. I know they’d be successful based on their track records. That’s because I’ve[…]

One of the first principles they teach in any Economics 101 course is that price is a function of supply and demand. Put simply… When supply is decreasing and demand stays constant, prices go up. When supply is increasing and demand stays constant, prices go down. The price of any good or service arrives at the intersection of supply and demand. This simple economic concept explains Ethereum’s recent price rise and why it could be setting up for a big rally into the end of the year… Ethereum’s Huge Upgrade Ethereum’s price is rising because there’s increasing demand and diminishing[…]

Burning The Midnight Oil The time has come, Great Ones. To say fair’s fair. To read emails. To answer and share. Reader Feedback time has come. A fact’s a fact. It belongs to you. Great Stuff’s gonna give it back! Your beds might not be burning, Great Ones, but our inbox is on fire. You know they make creams for that, right? Quiet, you. It’s Reader Feedback day, and the only cure (for once) is not more cowbell. It’s your emails! Today’s the day we dive into the Great Stuff inbox like Scrooge McDuck, swim around and reply to whatever[…]

First, cybercriminals hacked the Colonial Pipeline, causing gas shortages across the southeastern U.S. Then they hacked JBS, a global meat producer, shutting down all of its U.S. beef plants. Now they’re at it again, with the largest and most sophisticated ransomware attack in history taking place over the Fourth of July weekend. Rather than target businesses directly, a Russian cybercrime gang hacked management software firms around the world, such as Miami-based Kaseya. It then used the firms’ software to infiltrate their clients’ computer networks. All told, up to 1,500 companies and organizations were disrupted by the attacks, including schools, grocery[…]

Today’s Take: Only invest in what you understand — for the long term. He used a safety pin to close his fraying denim jacket. At the local Friendly’s, other patrons would pay for his meal. They thought he couldn’t afford them. Ron Read grew up on a farm in Vermont, walking four miles to school every day. He was the first to graduate high school in his family. Not long after, he joined the army to fight in World War II. When he returned, he worked for the next 25 years as a gas station attendant. After he retired for[…]