RealGM

TroyD92 wrote:

vital_signs wrote:Palantir setting up for a massive year and even more massive 5 years. AI giant.

Just bought a good amount of shares. Also very excited for them.

Stannis wrote:$PLTR just seems way too meme-y and overvalued. There's still a lot of AI names under 5 billion that I would rather buy like $S and $AYX

If I'm going to splurge on an overvalued AI stock, it would probably be $SNOW

The Securities and Exchange Commission on Monday accused Binance, the world’s largest cryptocurrency exchange, of mishandling customer funds and lying to American regulators and investors about its operations, in a sweeping case that has the potential to remake the landscape of power and wealth within crypto.

The S.E.C.’s lawsuit was the second time this year that federal regulators have accused Binance of evading laws designed to protect investors in the United States. Regulators have long seen the exchange, which has said it does $65 billion in average daily trading volume, as a major target in their quest to bring to heel a crypto industry that has been built around an explicitly anti-government ethos.

https://www.nytimes.com/2023/06/05/business/sec-binance-charges.html

He Went After Crypto Companies. Then Someone Came After Him.
Kyle Roche was a rising star in the field of cryptocurrency law — until his career imploded. Who orchestrated his downfall?

When he arrived in London in late January 2022, Kyle Roche was riding high. At just 34 years old, he had established himself as one of the biggest players in the burgeoning field of cryptocurrency litigation. He boasted a law firm bearing his name, lawsuits filed against more than a dozen crypto companies and a huge verdict against the man who claimed to have invented Bitcoin.

Now a new opportunity beckoned. Two businessmen had flown Mr. Roche over from Miami to discuss investing in a new business venture he was forming. A waiting car whisked him from Heathrow Airport to meet the men in a plush townhouse in Mayfair.

That evening, Mr. Roche went to dinner with one of the men, who identified himself as Mauricio Andres Villavicencio de Aguilar. Mr. Villavicencio, who said he was from Argentina, had picked one of London’s fanciest restaurants, Jean-Georges in the Connaught hotel.

When he woke up the next morning, Mr. Roche says, he felt groggy. He couldn’t remember much aside from being pretty sure he had spotted Mr. Villavicencio’s business partner, a Norwegian named Christen Ager-Hanssen, lurking at a nearby table. The brain fog was odd because he didn’t think he’d had all that much to drink. As he flew back to Miami a few days later, Mr. Roche couldn’t shake the feeling that something was amiss.

https://www.nytimes.com/2023/06/18/business/kyle-roche-crypto-leaks-satoshi.html

MickeyDavis wrote:A federal judge ruled in favor of XRP and it's up about 25%. I'm sure this isn't the end of it but I bought quite a bit before trading was halted in the US. We'll see what happens

LUKE23 wrote:So how high can QQQ go? Got in at $260 and now it’s at 52-week high but still around 30 from all time high. Still feels like it could move quite a bit.

Nvidia has been looney tunes.

Stannis wrote:Does this board have any opinion on FCEL here?

It's about where it was when it was first recommended years ago lol.

I'm a little interested here, but just wary of bankruptcy for these smaller companies. FCEL has been burning money for years.

They are still valued close to 1 billion, despite only having about 130 million in sales last year.

Mags FTW wrote:I am a total crypto newb, but I need some help here.

A relative had a 500k balance in crypto.com after a 100k initial investment. She moved it all into DeFi wallet and attempted to withdraw 100k, but entered her debit card # instead of her bank account #. As a result, her account was flagged and it now says all of her funds are frozen. They are saying they need 100k deposit to unlock her funds? WTF?

I'm in way over my head on this. Is she being scammed?

ETA: She used the crypto.com DeFi Wallet and everything was done via the apps on her phone.