Elon Musk appeared on #Clubhouse last night later than most sane people stay up (began at 1amEST).

Clubhouse is an audio only chat app that lets people come together for moderated conversations on different topics. It’s unique and has value, although the key to long term traction (and utility) will be strategically separating the signal from the noise (of which there is plenty).

For those that missed and are curious, here’s a summary:

“It will not be luxurious.” — on living on Mars. Considers a colony there much more of a last resort to keep humanity alive, as life there…

How ironic that it was a year ago to the day we were sitting down with members of Congress and the Alphabet boys to make the argument that #Bitcoin is a strategic national asset and should be embraced with a ‘regulatory lite’ hands-off approach.

The currents this week have been monstrous. If you watch Entertainment TV like MSNBC or CNN, you probably missed the groundswell that is shaking capital markets.

A battalion of decentralized ants known as #WallStreetBets aka #TheRedditArmy has been giving traditional hedge funds and Wall Street brokers a taste of their own medicine.

And because we live…

Please don’t be Mayor Vaughn Mr. President

I’ve debated for the last few weeks about going public with this memo because, typically, it’s not worth the time to engage in public shouting matches on social media (i.e., see every political thread…ever). I prefer to take care of what’s closest to me and then slowly expand outward. However, the incredible amount of wrong information, disinformation, dangerous propaganda and just plain chest-thumping stupidity (#itsjusttheflu) that I’ve seen from the masses AND official channels around COVID19 (coronavirus) changed my mind, and the situation merits an attempt at a simple synopsis. Take it or leave it.

First, my bona fides. If…

Most people would be shocked to learn that Insider trading law has never been statutorily defined. Instead, it’s a hodge-podge of Judge made law that has been criticized due to the ambiguous requirements to prove insider trading laid out in the case law over time. As we’ve seen in the past few years, different circuits and different Judges don’t always agree on the prevailing law. This makes it difficult for everyone from juries to defendants, and agencies like the SEC or DOJ to pinpoint with clarity whether insider trading has occurred.

On May 7, 2019, Representative Jim Himes (D-Conn) introduced…

On June 21, 2019 Judge Paul G. Gardephe vacated the guilty plea of Richard Lee, despite the plea occurring nearly six years earlier. The judge’s decision and analysis in this case reveal important information regarding when material, non-public information can be considered public information, and a re-affirmation that the ‘personal benefit’ element is separate and distinct from the breach of confidentiality fiduciary duty element.

A quick note before we begin. I can’t believe I have to say this but Richard Lee and Richard “Choo-Beng” Lee are NOT the same person! Sloppy reporting from journalists and other blog posts from practicing…

Waters-McHenry Bill Aims To Close Insider Trading Loopholes In SEC Rule 10b5–1

Safely navigating the minefield of insider trading laws has never been a picnic, but it’s likely to become even more difficult, especially considering growing populist anti-Wall Street sentiment and the government’s desire to look like it’s doing something to combat income inequality.

Toward that end, legislators in Washington are considering changes to the law that is currently providing a safe harbor for corporate insiders looking to make preplanned sales of their company’s stock.

House Financial Services Chairwoman Maxine Waters (D-Calif.) and Patrick McHenry (R-N.C.) submitted The Promoting Transparent…

Posted at 10:52h in Life by Michael Kimelman

I was boarding a plane Friday when I got the devastating news that one of my closest friends, a buddy I’d known since childhood, had taken his life.

The message to “Call. It’s important” had hit my phone during the previous flight, and I knew by the tone of the childhood buddy who’d left it that the news wasn’t good.

Then came the call from a second friend, another of the “Stand By Me” group of boys who’d played baseball, rode bikes, gotten into mischief, and were generally ignorant of the privilege…

As someone who has traded nearly every market out there for over 25 years, I can say with certainty that crypto is a different animal altogether. While all markets bear certain similarities to each other, crypto markets have certain characteristics that are unique and critical to understand if you want to be successful in the space. Here’s a primer on a few of them.

  1. Understand (Crypto) Market Cycles:

Market cycles, the perennial ebb and flow between bear and bull, take several years, sometimes even decades, in legacy markets. Here in the world of crypto, entire bull runs with returns of…

Beyond risk and money management, the essence of trading is correctly juxtaposing price and time. As traders, we’re constantly refining our actions based on what we expect in the future because of what we know about the past and present. Mostly, this means we use our own experience and education and ignore the voracious industry feeding off investors and financial advisors.

Having navigated markets for 25+ years, my best advice about these pitchmen and their products is — proceed with caution. Most of them make a living selling products, not returns. They blow up my Twitter and other feeds every…

Michael Kimelman

Disruptepreneur, speaker and bestselling author | Crypto.IQ | 七転び八起き | Apex Leadership and Resiliency Training

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