People around the world can attest that the last two years have been interesting to navigate. One of the U.K.’s top social media influencers has a beyond interesting story. Youtuber, KSI, revealed that he lost more than $5 million by trading cryptocurrency last year. The admittance of the tremendous financial loss comes after KSI has been very visible with his investments in non-fungible tokens (NFTs) and digital currencies, evidenced by his YouTube channel. In a YouTube video, the famous YouTuber revealed that he used a trading strategy called leverage trading by borrowing money from a broker. The strategy, which he fully regrets, led to this significant loss. Leverage trading is a way for traders to use the borrowed funds from brokers to increase their exposure in the market while paying less than the total price of the desired stock. In this process, the trader takes on a more prominent stock position. Sounds like a dope idea? While the process seems beneficial, it comes with...
Apr 20, 2022
It’s one thing to be immersed in the world of cryptocurrency and Web3 platforms, but to be self-taught and successful in the industry is worth a round (or two) of applause. During the latest episode of AfroTech’s Black Tech Green Money (BTGM), host Will Lucas is joined by the self-taught crypto trader and Web3 enthusiast, Ashley Caines to discuss just how decentralized autonomous organizations (DAOs) work, governance structures, and token rewards along with what is to be expected at the highly anticipated AfroTech Executive conference in Miami this year. View this post on Instagram A post shared by AfroTech (@afro.tech) As a true mover and shaker in the space, Caines is using her expertise to fuel her passion for educating a nd mentoring Black women as it pertains to all things crypto, blockchain technology, and more.
Feb 22, 2022