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June 2022 - Stocks, Crypto & Interest Rates

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  1. #71

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    Quote Originally Posted by shri:
    CNBC: ProShares is launching a short bitcoin ETF this week.
    Looks like this ETF shorts via the CME futures.

    The futures usually trade at a reasonable premium to the spot so for income hungry investors, holding this short ETF against a long spot position probably yields a decent income from the futures rolling down.

  2. #72

    Funny how these ETFs always come *after* the peak.

    ndt and shri like this.

  3. #73

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    Another one bites the dust.. May be...

    USDD explained: Why another stablecoin losing its peg isn't 'Terra 2.0'

    https://www.cnbc.com/id/107078933?vi...ndroidappshare


  4. #74

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    Tough talk from Singapore...

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    https://archive.is/S30xs


  5. #75

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    Quote Originally Posted by shri:
    Tough talk from Singapore...

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    https://archive.is/S30xs
    Clearly I am missing something here... I totally admit that I do not follow crypto avidly. I thought that one of the main selling points behind a cryptocurrency was that it was totally independent of government control.

    What would make an SG backed and operated cryptocurrency appealing, moreso than owning a bunch of SGD?

  6. #76
    Singapore will be “brutal and unrelentingly hard”
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    qhank likes this.

  7. #77

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    Quote Originally Posted by Elefant&Castle:
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    Some people pay good money for that.

  8. #78

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    Quote Originally Posted by jgl:
    Clearly I am missing something here... I totally admit that I do not follow crypto avidly. I thought that one of the main selling points behind a cryptocurrency was that it was totally independent of government control.

    What would make an SG backed and operated cryptocurrency appealing, moreso than owning a bunch of SGD?
    Well the obvious benefit to Singapore was the tide of tax paying crypto companies rocking up at their door

    For example Three Arrows Capital who they licensed to manage 200 million sing dollars and no more, although apparently they didn't bother to keep track...

    Well they got their wish eventually. Great job monetary authority of Singapore!

  9. #79

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    Quote Originally Posted by GentleGeorge:
    Well the obvious benefit to Singapore was the tide of tax paying crypto companies rocking up at their door

    For example Three Arrows Capital who they licensed to manage 200 million sing dollars and no more, although apparently they didn't bother to keep track...

    Well they got their wish eventually. Great job monetary authority of Singapore!
    That's kind of the opposite of what I was asking.

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