Finance

Transparency in the Post FTX World What is Proof of Reserve

Transparency in the Post FTX World: What is Proof of Reserve?

In November this year, two big league crypto businesses, FTX and BlockFi, filed for bankruptcy. FTX had a death spiral after news broke out that the Sam Bankman-Fried-owned exchange had used customer funds to make risky bets through his hedge fund Alameda Research. On the other hand, FTX was closely associated with BlockFi, with them having signed a loan agreement with each other and BlockFi holding US$355 million in digital assets on FTX.

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How Do Venture Capitalists Choose Which Project to Invest In?

How Do Venture Capitalists Choose Which Project to Invest In?

For those in the entrepreneurial space, raising funds can be very challenging. Not only is it difficult to find the right investor for your startup, but it is also hard to convince said investor to put money into your venture. With over 75% of venture-backed companies failing, the venture capitalist (VC) you approach is taking a serious risk when putting their money into your startup.

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New to the Forex Market The Ultimate Toolkit for Success

New to the Forex Market? The Ultimate Toolkit for Success

Foreign exchange trading can be a tricky business. When it comes to choosing what tools will be the most effective in your forex trading journey, there are a few aspects to consider. Whether you are a brand-new trader or a seasoned veteran, some of these tools will always be handy to help you not only find the diamonds in the rough but also stay focused on your goals.

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How Much Should a Startup Pay Its Employees?

How Much Should a Startup Pay Its Employees?

Employees of a startup are essential to its success. They keep the company running to ensure that the vision gets carried out and that the day-to-day operations continue seamlessly. High turnovers can be harmful to a company, especially for startups with less established internal structures, organizations and systems to mitigate handover disruption. This makes retaining employees a particularly important goal for startups.

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What Is the FIRE Movement? How to Find Your FIRE Number

What Is the FIRE Movement? How to Find Your FIRE Number

According to Natixis Global Retirement Index 2021, 36% of Americans believe that they will never have enough money to retire, pointing to a major need to increase your savings early on in your professional career so that you can retire easily. And that’s where FIRE comes in. Financial Independence Retire Early, FIRE for short, is a term that has its origins in the personal finance book “Your Money or Your Life” by Viki Robin and Joe Dominguez.

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Why Startup Runway Is Important and How You Can Optimize It

Why Startup Runway Is Important and How You Can Optimize It

What is more difficult than launching a startup? Keeping it up and running. A new business always has a ticking clock to either make it big or close up shop. As of 2021, about 20% of startups would shut down within the first year of operation. One of the biggest reasons a startup ends up shutting down is the lack of funds. It is precisely why it is essential to know what your startup runway looks like.

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5 Reasons Why People Invest in Stocks

5 Reasons Why People Invest in Stocks

When it comes to investing, you can put your money into savings accounts, bonds, real estate or even art. Out of the most common investment options, many see stocks as a riskier proposition than more stable options like bonds or real estate. Stocks are a type of financial asset representing an ownership stake in a company.

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Top 5 Personal Finance Reddit Communities That Are Worth Checking Out

Top 5 Personal Finance Reddit Communities That Are Worth Checking Out

Anything you’re interested in, no matter how niche, probably already has a community on Reddit. Reddit is a discussion website where people make up communities, or “subreddits”, for just about everything, from health tips, funny videos and terrifying fictional stories to those dedicated to simply venting about annoying things.

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What Are Forex Signals and How Can You Use Them to Make Money

What Are Forex Signals and How Can You Use Them to Make Money?

“Forex”, a shorter name for foreign exchange, refers to the exchange of one country’s fiat currency for another. Foreign exchange swaps hand on the over-the-counter (OTC) market directly between traders as opposed to stocks that are traded on the stock exchanges. By trading two currencies, traders (whether individuals or hedge funds) can earn the difference between their values as well as profit from the differences in interest rate across countries.

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How Does Buy Now Pay Later Work Is It a Bad Idea for Your Business

How Does Buy Now Pay Later Work? Is It a Bad Idea for Your Business?

Imagine window shopping on a designer clothing website late at night while sipping your favorite wine. Suddenly, you spot the coolest new pair of kicks, and you just cannot let them go. What’s worse, there’s only one pair left in your size, so you can’t afford to save up for them before making a timely purchase. What do you do? You use AfterPay, of course!

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4 Books That Will Make You a Smarter Investor in 2022

4 Books That Will Make You a Smarter Investor in 2022

There’s no question that the more you know, the better investor you’ll be. Knowledge is power, and when it comes to your money, you want to have all the power you can harness. To make you a smarter investor, we’ve put together a list of four books to help you make more informed investment decisions. From beginners’ guides to advanced strategies, there’s something for everyone here.

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What Are Warren Buffett's Rules of Investing

What Are Warren Buffett’s Rules of Investing?

If we know anything about the CEO and Chairman of Berkshire Hathaway, Warren Buffett, it is that he is a genius at investing. Despite his hefty donations to charity, Buffett is the fifth-richest person in the world, and there is clearly a lot to be learned from him. He believes in value investing—buying stocks that are trading for less than they are worth and then sticking to them in the long run.

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What Is a Poison Pill Strategy

Decoding the Hard-To-Swallow Pill in the Business World: What Is a Poison Pill Strategy?

The events following Elon Musk announcing his plans to buy Twitter in April have been quite a fiasco. Earlier this month, Musk said he was backing out of the US$44 billion bid, leading to Twitter suing him over the deal. It surely was an interesting turn of events, after Twitter imposed a “poison pill” strategy against Musk’s potential takeover in April. Back then, Musk proposed taking the company private at US$54.2 per share, which was 38% higher than Twitter’s stock value before the announcement of the plan.

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Digital Currency Race

What Countries Are Joining the Digital Currency Race?

Central banks worldwide are exploring ways to issue their digital currency, also known as central bank digital currencies (CBDCs). In a report released in January 2020, the Bank for International Settlements (BIS) surveyed 66 central banks and found that 80 percent were developing CBDCs.

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Can Blockchain Be a Solution to Gun Control

Can Blockchain Be a Solution to Gun Control?

The polarized gun control debate in the U.S. is well known. Republicans tend to believe that Americans should generally be able to own and use guns, while Democrats tend to believe that monitoring is necessary. There is rarely a middle ground. However, both sides agree that guns should only end up in the hands of responsible owners able to take care of their firearms.

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