It is the 16th of December 2019

News

The Phenomenal Story of Public Blockchain Value vs Traditional Asset Classes

As many know Veritaseum has recently offered its own software token for sale. Unlike most other token offerings, Veritaseum is offering its token as a literal product - both as a vehicle to access their advisory and consulting services and as the keys to access its existing and future blockchain-based software products. We are much more anxious to release tokens as a product than a potential investment, because we are so excited about the possibilities now available through smart contract and blockchain technology.

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Furious Bank Run Leaves Canada's Largest Alternative Mortgage Lender On Verge Of Collapse

After two years of recurring warnings (both on this website and elsewhere) that Canada's largest alternative (i.e., non-bank) mortgage lender is fundamentally insolvent, kept alive only courtesy of the Canadian housing bubble which until last week had managed to lift all boats, Home Capital Group suffered a spectacular spectacular implosion last week when its stock price crashed by the most on record after HCG revealed that it had taken out an emergency $2 billion line of credit from an unnamed counterparty with an effective rate as high as 22.5%, indicative of a business model on the verge of collapse .

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