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Trader Digest: The Crypto Kid

This week in Trader Digest a 19-year-old mathematics prodigy that started his own hedge fund is found guilty of securities fraud, Elon Musk’s younger brother sold his shares in Tesla, and Netflix produce yet another shocking documentary...

WHAT WE’RE READING

There Is No Bubble
‘There is certainly one kind of bubble that investors are seeing and feeling right now.’ SEEKING ALPHA

Pigs Can Be Trained to Use Computer Joysticks, Say Researchers
‘They’ve long been thought of as smarter than your average animal, but now researchers claim they have taught pigs to use a joystick, suggesting they are even cleverer than previously thought.’ THE GUARDIAN

A Crypto Kid Had a $23,000-a-Month Condo. Then the Feds Came
‘Stefan Qin was just 19 when he claimed to have the secret to cryptocurrency trading.’ BLOOMBERG

Musk’s Younger Brother Sells $25.6 Million of Tesla Shares
‘Kimbal Musk, the younger brother of Elon Musk and a Tesla Inc. board member, sold $25.6 million of shares in the electric-car maker, according to a filing with the U.S. Securities & Exchange Commission.’ BLOOMBERG

Man Who Spent $446 Million on Pizza Has Advice for Tesla Fans
‘Hi, Olga here. Laszlo Hanyecz said he wouldn’t spend his Bitcoins on a Tesla. Hanyecz knows what he’s talking about: In 2010, he paid 10,000 Bitcoins, worth about $446 million at current prices, for two pizzas.’ BLOOMBERG

Buckingham Palace Denies Queen Blocked Legislation to Conceal Private Wealth
‘Buckingham Palace has described as “simply incorrect” any suggestion the Queen blocked a piece of legislation in the 1970s to conceal her private wealth.’ INDEPENDENT

The GameStop Crash and Hedge Trading Pitfalls Explained
‘This Valentine's Day needn't be less romantic because we can't go out - hedge your bets on a good night in, not on trading online.’ WHAT INVEST

WHAT WE’RE LISTENING TO

Tim Peake: Fitness in Space
'What’s the one thing that makes life better? Joe Wicks talks to astronaut Tim Peake about the joy of flying, being the first Brit to do a spacewalk, and staying fit in zero gravity' BBC

EU Wants Big Tech to Pay For News, Tesla’s Bitcoin Investment, SoftBank Vision Fund Makes Big Gains
‘EU lawmakers want to force Big Tech companies to pay for news, similar to a move in Australia’ FINANCIAL TIMES

WHAT WE’RE WATCHING

Crime Scene: The Vanishing at the Cecil Hotel
‘The notorious Cecil Hotel grows in infamy when guest Elisa Lam vanishes. From the creator of "The Ted Bundy Tapes," a dive into crime's darkest places.’ NETFLIX