Ars Technica: SEC obtains Wall Street firms’ private chats in probe of WhatsApp, Signal use

Ars Technica: SEC obtains Wall Street firms’ private chats in probe of WhatsApp, Signal use . “The US Securities and Exchange Commission has ‘collected thousands of staff messages from more than a dozen major investment companies’ as it expands a probe into how employees and executives at Wall Street firms use private messaging platforms such as WhatsApp and Signal, Reuters reported today, citing ‘four people with direct knowledge of the matter.’”

Financial Advisor: New Website Offers Help In Finding Donor-Advised Funds

Financial Advisor: New Website Offers Help In Finding Donor-Advised Funds. “Selecting a donor advised fund from the about 1,000 that are available can be a daunting task for advisors and potential philanthropists. But now there is a website that sorts the details and ranks the best donor advised funds. DonorAdvisedFunds.com ranks funds by criteria such as ease of use, investment options and minimum account size, said Brad Saft, founder and CEO of DonorAdvisedFunds.com.”

Coingeek: Scammers target FTX collapse victims by mimicking US State Department

Coingeek: Scammers target FTX collapse victims by mimicking US State Department. “Oregon’s Division of Financial Regulation (DFR) has warned digital currency investors to do their due diligence before investing in any scheme, given the high spate of fraud plaguing the industry. The financial watchdog disclosed the warning on its official website, listing some of the tactics employed by scammers. One such measure is the re-victimization of FTX’s users with the ploy of recovering lost assets for the defunct platform’s users.”

Ordinary Investors Who Jumped Into Crypto Are Saying: Now What? (New York Times)

New York Times: Ordinary Investors Who Jumped Into Crypto Are Saying: Now What?. “In early November, Adrian Butkus, a 43-year-old father of two, put $600,000 — much of his life savings — into an account at BlockFi, a cryptocurrency trading firm. BlockFi had marketed the account as risk free, yielding 6.5 percent interest, more than Mr. Butkus could get anywhere else. Just days later, as the collapse of the cryptocurrency exchange FTX shook the entire crypto industry, Mr. Butkus asked BlockFi for his money back. But the firm had suspended customer withdrawals, citing its close financial ties to FTX.”

Wall Street Journal: FTX Crypto Customers Worry They Will Never See Their Money Again

Wall Street Journal: FTX Crypto Customers Worry They Will Never See Their Money Again. “Customers of beleaguered crypto exchange FTX are losing hope they will ever see their money again. The company’s massive financial problems began spilling into the open early this month, and FTX was quick to halt withdrawals from its international unit. American customers had hoped they might be luckier, but many of them haven’t been able to get their money out either.”

Swiss bankers warn: Three quarters of retail Bitcoin investors are in the red (The Register)

The Register: Swiss bankers warn: Three quarters of retail Bitcoin investors are in the red. “Somewhere between 73 and 81 percent of retail Bitcoin buyers are likely to be into the negative on their investment, according to research published Monday by the Bank of International Settlements (BIS). In other words: the Bitcoin they bought is now worth less. Bitcoin is down 73 percent in the past year, and up 155 percent in the past five years. Losses are only realized upon sale.”

New York Magazine: Where Have the FTX Depositors Gone to Panic? Distraught users — and scammers — are flooding Telegram.

New York Magazine: Where Have the FTX Depositors Gone to Panic? Distraught users — and scammers — are flooding Telegram.. “In the good times, FTX’s official presence on Telegram helped the company cultivate a reputation for responsive customer service. When things were falling apart at FTX, they fell apart here, too, as thousands of panicked users flooded its support channels.”

From GameStop to crypto: how to protect yourself from meme stock mania (The Conversation)

The Conversation: From GameStop to crypto: how to protect yourself from meme stock mania. “Recent rallies in stocks popularised on social media have attracted increasing numbers of investors looking to these so-called ‘meme stocks’ for quick returns. But while it might look like a fun game, there are real risks to investing in stocks and other financial products popularised on social media. And with recessions looming around the world, the danger is becoming even more acute.”

National Institute of Standards and Technology: Deciding Whether to Install Solar Panels on Your Home? A New NIST Web Tool Can Help

National Institute of Standards and Technology: Deciding Whether to Install Solar Panels on Your Home? A New NIST Web Tool Can Help. “Whether it’s to live more sustainably, save money or both, many people think about adding solar panels to their homes. Homeowners consider a number of factors, including which type of solar panel might work best for them, when deciding whether the investment is worth it. Now, an online software tool from the National Institute of Standards and Technology (NIST) can help answer homeowners’ questions. The software is called [PV]2 — Present Value of PhotoVoltaics — and it analyzes the economic and environmental impacts of rooftop solar technology.”

City A.M.: Google ploughs $1.5 billion into crypto and blockchain companies

City A.M.: Google ploughs $1.5 billion into crypto and blockchain companies. “Google has been quietly shovelling a massive $1.5 billion into cryptocurrency and blockchain companies for almost a year, data from an intelligence firm has revealed. A research report by Blockdata shows the search engine’s parent company – Alphabet – has been showering blockchain and crypto projects with cash since September 2021.”

Column: Shame, suicide attempts, ‘financial death’ — the devastating toll of a crypto firm’s failure (Los Angeles Times)

Los Angeles Times: Column: Shame, suicide attempts, ‘financial death’ — the devastating toll of a crypto firm’s failure. “To hundreds of Celsius’ 1.7 million customers, the value of the $11.7 billion in assets they deposited with the firm might as well be zero. ‘[Alex] Mashinsky always talked very confidently about how strong Celsius was and how much better than banks,’ recalls Harold M. Lott, 35, a Nashville-area nurse who had as much as $14,000 in cryptocurrency assets deposited at Celsius at the peak of the crypto market. ‘He never gave any indication that there was a problem,’ Lott says. ‘But suddenly, out of the blue, they just stopped all transfers.’”