Neelesh Raj

2 Posts
Squid Game Token Cryptocurrency Scam: What Went Wrong?

Squid Game Token Cryptocurrency Scam: What Went Wrong?

By: Neelesh Raj As a result of the popularity of the South Korean Netflix series Squid Game, the developers of a cryptocurrency named after the Squid Game token made off with nearly $7 million. According to its website, which has now been deleted, the coin marketed itself as a "play-to-earn cryptocurrency," which encouraged investors to risk their hard-earned money into a currency which they actually could not sell. Many investors put in lots of money, in which one of them would exit as the winner of the contest, starting with 456 squid coins (roughly $6.3k) to play in the first…
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How Powell’s Comments on Inflation Deflated Gold

How Powell’s Comments on Inflation Deflated Gold

By: Neelesh Raj During an online conference hosted by the South African Reserve Bank, FederalReserve Chairman Jerome Powell stated that supply-chain issues would eventually be resolved.He also claimed that the current stagflation caused by the supply chain bottleneck would bescaled back, bringing inflation back to the Fed's current goal of two percent per year. The impactof his statement can be seen on the securities market, causing the price of gold to drop bynearly $30 per ounce, bringing the gold price below $1800 once again. Historically speaking, investors usually would invest in government bonds and bullion(such as gold) when they believe…
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