I posted a Tweet last night when I saw the below letter from 6 Members of Congress to the acting Comptroller of the Currency, Brian Brooks. Essentially they are telling the OCC to focus on legacy banking issues and to reduce their focus on digital assets and cryptocurrencies. I find that to be infuriating. LikeContinue reading “Legislators Need Education”
Author Archives: sgleahy
Ari Gold on Elon Musk
From a post I wrote in 2017…. Two of my favorite characters. One is a fictional character, closely based on a small few of Hollywood’s elite agents (and played to perfection by Jeremy Pivens). The other a brilliant entrepreneur and engineer rightly stepping into Steve job’s previous role as King of America’s Entrepreneurial Aspirations. InContinue reading “Ari Gold on Elon Musk”
Banks of the Future Will Not Look Like Banks of The Past (Part 3,289)
These are just a few of today’s articles and headlines about changes coming to the banking and financial services industry. https://www.coindesk.com/singapore-bank-dbs-looks-to-be-planning-a-digital-asset-exchange https://www.nasdaq.com/articles/why-wyomings-governor-supports-the-states-crypto-banking-law-2020-10-26 https://cointelegraph.com/news/indian-bank-to-offer-crypto-services-across-its-34-branches
Technamentals
A combination of Technical Analysis and Fundamental Analysis When I was running FX risk many years ago I often used the term “technamentals” with the dealers. They knew what I meant. It was the intersection of fundamental analysis and technical analysis (the art of the chart). Coindesk recently published an article highlighting Chainalysis’ capabilities ofContinue reading “Technamentals”
DoJ vs Cryptocurrencies Post 2
Seems the journalists at Coindesk.com and a few prominent attorneys view the DoJ Framework for Cryptocurrencies as I do. The U.S. Department of Justice’s (DOJ) recent crypto enforcement framework is a threat to digital privacy rights, according to an attorney for the Electronic Frontier Foundation (EFF). “It was a complete disaster for privacy and anonymityContinue reading “DoJ vs Cryptocurrencies Post 2”
Cryptocurrencies: DoJ vs PBOC
I am skeptical of regulators ability to prevent fraud. The key word there is “prevent”. They are pretty good at catching those who egregiously break the rules. But it is rare that a regulator can create and enforce regulations that prevent bad actors from committing a criminal act. For a while I have recognized thatContinue reading “Cryptocurrencies: DoJ vs PBOC”
Simple Daily Principles
Great Quote from TE Lawrence
All men dream, but not equally. Those who dream by night in the dusty recesses of their minds Awake to find that it was vanity; But the dreamers of day are dangerous men, That they may act their dreams with open eyes To make them possible.
Noelle Acheson nails it. UK’s FCA in over their heads.
From one of my favorite writers at Coindesk.com https://www.coindesk.com/fca-ban-crypto-derivatives-ridiculous
Inflationary Recession = Buy Hard Assets
I wrote the below post on my on-again / off-again blog at http://www.arhaik.com on March 29, 2020 Thinking about the $2 Trillion economic package that the US Federal government has recently authorized had me thinking about how that “money” gets used to stimulate the economy. And my first level of analysis was, inflation. That wasContinue reading “Inflationary Recession = Buy Hard Assets”