Blog
In-depth articles on the CFTC case, regulatory issues, constitutional rights, and case analysis. Updated regularly as the case develops.
The Armed Raid That Started It All — And the Criminal Charges That Never Came
On May 16, 2022, federal agents raided my home in Portland, Oregon with weapons drawn. The Department of Justice reviewed the evidence and declined to bring a single criminal charge. The CFTC pressed forward anyway — for $209 million.
Read ArticleFour Years, $0 in Investor Losses, and a $209 Million Judgment
The CFTC has maintained a complete asset freeze for four years. Zero investors lost money. Sixty-nine limited partners received $29.3 million on a $5.9 million investment. The math does not support a $209 million judgment — and the Seventh Circuit is now being asked to review it.
Read ArticleThe Search Warrant Affidavit the Public Has Never Seen
Every armed federal raid begins with a sworn affidavit. The affidavit used to justify the May 16, 2022 raid on my home has never been made public. I have filed a FOIA request to find out what it said — and whether it was truthful.
Read ArticleAn Open Letter to Chairman Selig: The Eleven-Minute Phone Call That Cost Americans $209 Million
On May 10–11, 2022, the CFTC obtained an asset freeze, a receiver appointment, and a temporary restraining order against me in an eleven-minute ex parte phone call. I was not present. I had no opportunity to respond. The $209 million judgment that followed traces directly to that call.
Read ArticleAn Open Letter to Chairman Selig: 139 Newsletters the CFTC Never Read
For four years, every Friday, I sent my investors a newsletter documenting every position, every return, every market development. The CFTC alleged a Ponzi scheme without reading a single one. The newsletters — 139 issues, now publicly available — make the CFTC's theory impossible.
Read ArticleAn Open Letter to Chairman Selig: The Bar Complaint That Proves Your Attorneys Lied to a Federal Court
On April 10, 2026, I filed a formal bar complaint with the Illinois ARDC against CFTC attorneys Candice Haan and David Terrell. The complaint documents two specific violations of the Illinois Rules of Professional Conduct, supported entirely by the CFTC's own court filings, its own investigator's sworn deposition, and its own forensic expert's report.
Read ArticleThe Silence of Every Watchdog: What Happens When the System Protects Itself
I have filed formal complaints with the CFTC OIG, the DOJ, the GAO, the CFTC IG, and written directly to David Sacks and AG Pam Bondi. Not one word of response from any of them. The silence is the story.
Read ArticleA Judge Who Had Already Decided: The Constitutional Problem at the Heart of CFTC v. Ikkurty
Before a single word of argument was presented at the May 11, 2022 TRO hearing, Judge Rowland announced 'which I plan to do.' That sentence — spoken on the record — is the constitutional problem at the heart of this case.
Read ArticleThe Investigator Who Never Looked: How the CFTC Built a $209 Million Case on Nothing
CFTC lead investigator Heather Dasso admitted under oath that she never examined the blockchain before filing the declaration that froze $209 million in assets. This is the story of what that admission means.
Read ArticleThe 11-Minute Hearing That Froze $209 Million — Without Reading the Evidence
On May 11, 2022, at 1:03 in the afternoon, a federal judge picked up the phone. Eleven minutes later, she had frozen every asset I owned, appointed a receiver, and sealed the case — without a single word from the defense, without reviewing all the evidence, and before hearing any argument at all. The CFTC attorney told the court they had "remained in a covert posture." The judge said: "Okay." This is the story of that hearing.
Read Article32 Investors Told the Court to Stop. The Court Did Not Listen.
Every single investor in Rose City Income Fund filed a formal objection letter opposing the CFTC's liquidation. The court proceeded anyway.
Read ArticleThe Receiver Who Charged More Than the Alleged Harm
KSR Group has billed over $451,000 in receiver fees in a case where the CFTC's own expert confirmed zero investor losses.
Read ArticleThe Expert the CFTC Hired Said It Was Not a Ponzi
StoneTurn Group, the CFTC's own forensic expert, concluded a Ponzi was mathematically impossible. The CFTC proceeded anyway.
Read ArticleChairman Selig Promised to End Regulation Through Enforcement — This Case Proves Otherwise
You promised to end "regulation through enforcement." This case is the exact opposite. Drop it. Settle. Honor your word. Immutable ledger + 100% investor support = public record. samikkurty.com/bl
Read ArticleCFTC Lead Investigator Admitted Under Oath: 'I Did Not Look at the Blockchain'
Your own lead investigator swore under oath: "I did not look at the blockchain." Yet you're enforcing a $209M judgment on a fund where every investor profited — 303% CAGR. Full 10-point rebuttal: s
Read ArticleThe Blockchain Doesn't Lie — 885 Transactions Refute the CFTC's Genie Technologies Claim
The blockchain doesn't lie. CFTC claims we sent $19M to Genie Technologies & "received nothing." On-chain record: 885 txns. $134.9M purchased. 126 Receive txns — ETH flowing straight back in. Proof:
Read Article100% of My Investors Stood By Me — And the CFTC Still Pursued This Case
When the CFTC's court-appointed Receiver moved to liquidate the fund's crypto assets, every single investor filed a formal objection. Not a majority — 100%. The CFTC continued the prosecution anyway.
Read ArticleThe Complete Timeline: What Actually Happened in CFTC v. Ikkurty
A comprehensive chronological account of every significant event in CFTC v. Ikkurty — from the fund's founding in 2018 through the 7th Circuit appeal — with the evidence the CFTC's narrative cannot accommodate.
Read ArticleCFTC Commissioner Pham's Statement Validates Three Years of Documented Misconduct
On May 13, 2025, CFTC Commissioner Caroline Pham publicly stated that the Division of Enforcement 'has for far too long maintained a culture that the CFTC is above the law.' This validates everything I have documented since May 16, 2022.
Read ArticleWhy the CFTC's 'Ponzi Scheme' Allegation Is Mathematically Impossible
The CFTC's central allegation — that Rose City Fund operated as a Ponzi scheme — is not just factually wrong. It is mathematically impossible, as demonstrated by the independent StoneTurn analysis and the fund's own blockchain records.
Read ArticleDOJ's 'Ending Regulation By Prosecution' Memo: What It Means for My Case
On April 7, 2025, the Deputy Attorney General issued a landmark memorandum explicitly prohibiting the DOJ from pursuing cases without evidence of willful misconduct and actual investor harm. The CFTC's prosecution of Rose City Fund fails all three tests.
Read Article139 Weeks of Radical Transparency: The Antithesis of a Ponzi Scheme
For 139 consecutive weeks, I sent every Rose City Fund investor a weekly update with the fund's Ethereum wallet address so they could verify holdings independently. This is the antithesis of a Ponzi scheme.
Read ArticleThe Constitutional Crisis: Ex Parte Orders Without Notice to Counsel
On May 16, 2022, the CFTC obtained an emergency ex parte order freezing all assets of Rose City Fund without providing any notice to my legal counsel. This single act violated multiple constitutional amendments.
Read ArticleThey Denied Everything. The Court Gave the CFTC a $209 Million Judgment Anyway.
On August 8, 2022, my attorneys filed a 27-page Answer to the CFTC's Complaint denying every core allegation — fraud, misappropriation, Ponzi scheme — and raising ten affirmative defenses. We demanded a jury trial. The court gave the CFTC a $209 million summary judgment anyway. This post is a paragraph-by-paragraph record of what we denied, what we proved, and why the summary judgment standard was not met.
Read ArticleThe CFTC's Lead Investigator Never Looked at the Blockchain
In a case built entirely on allegations about a DeFi fund's Ethereum blockchain transactions, the CFTC's lead investigator admitted under oath that she never reviewed the blockchain records.
Read ArticleRCIF II - Five bullet Friday - issue #61
Dear Partners, Crypto markets went through a major blackswan event last week. This was caused by the destruction of Terra stablecoin and Luna tokens. Our fund has zero exposure to these two tokens and avoided this blackswan. 1. When stock markets dropped due to Lehman Brothers, its marketcap wa
Read ArticleFive bullet Friday - issue #139
Dear Partners, Crypto markets went through a major blackswan event last week. This was caused by the destruction of Terra stablecoin and Luna tokens. Our fund has zero exposure to these two tokens and avoided this blackswan. 1. When stock markets dropped due to Lehman Brothers, its marketcap wa
Read ArticleRCIF II - Five bullet Friday - issue #60
Dear Partners, Crypto market sentiment seems to be negative, driven mostly from the price action in the stock market. Stock markets in all countries have been dropping steadily. What is different this time is that we have bond markets and stock markets falling at the same time. 1. Warren Buffett
Read ArticleFive bullet Friday - issue #138
Dear Partners, Crypto market sentiment seems to be negative, driven mostly from the price action in the stock market. Stock markets in all countries have been dropping steadily. What is different this time is that we have bond markets and stock markets falling at the same time. 1. Warren Buffett
Read ArticleRCIF II - Five bullet Friday - issue #59
Dear Partners, Crypto markets continue to be very fearful. Some of this fear came from traditional markets which resulted in April month being the worst since 2008. I expect a decisive move in the crypto market once Ethereum starts moving up again. 1. I was delighted that Elon Musk is now able to ta...
Read ArticleRCIF II - Five bullet Friday - issue # 14:52:14 -0700
Dear Partners, Crypto markets continue to be very fearful. Some of this fear came from traditional markets which resulted in April month being the worst since 2008. I expect a decisive move in the crypto market once Ethereum starts moving up again. 1. I was delighted that Elon Musk is now able to ta...
Read ArticleFive bullet Friday - issue #137
Dear Partners, Crypto markets continue to be very fearful. Some of this fear came from traditional markets which resulted in April month being the worst since 2008. I expect a decisive move in the crypto market once Ethereum starts moving up again. 1. I was delighted that Elon Musk is now able to ta...
Read ArticleRCIF II - Five bullet Friday - issue #58
Dear Partners, We seem to be in the sideways market for the past month. There is no decisive move in either direction. Bitcoin is still trading at a big discount to its 200-day moving average. Ethereum has recently announced that they are planning to postpone the merger of proof-of-stake with PoW ch...
Read ArticleFive bullet Friday - issue #136
Dear Partners, We seem to be in the sideways market for the past month. There is no decisive move in either direction. Bitcoin is still trading at a big discount to its 200-day moving average. Ethereum has recently announced that they are planning to postpone the merger of proof-of-stake with PoW ch...
Read ArticleRCIF II - Five bullet Friday - issue #57
Dear Partners, I apologize for the delay in getting the Schedule K-1s. The main reason is we don't have clear-cut guidance from IRS on how to treat the staking income from algorithmic stable coins. Our position is that unrealized staking income cannot be part of taxable income. It is currently being...
Read ArticleFive bullet Friday - issue #135
Dear Partners, I apologize for the delay in getting the Schedule K-1s. The main reason is we don't have clear-cut guidance from IRS on how to treat the staking income from algorithmic stable coins. Our position is that unrealized staking income cannot be part of taxable income. It is currently being...
Read ArticleRCIF II - Five bullet Friday - issue #56
Dear Partners, Crypto markets started gaining momentum. Currently there is a bitcoin conference happening in Miami. Miami is growing to be the hub of crypto activities. The mayor of Miami is very pro-innovation and helping to remove the regulations that are hampering growth. I request all of you to ...
Read ArticleFive bullet Friday - issue #134
Dear Partners, Crypto markets started gaining momentum. Currently there is a bitcoin conference happening in Miami. Miami is growing to be the hub of crypto activities. The mayor of Miami is very pro-innovation and helping to remove the regulations that are hampering growth. I request all of you to ...
Read ArticleFive bullet Friday - issue #133
Dear Partners, Crypto markets have gained some momentum due to Terra protocol buying large amounts of bitcoin. The world severely needs a stable coin that is not controlled by any centralized entity. Most stable coins like USDC or USDT are backed by dollars in a centralized entity, which has the abi...
Read ArticleRCIF II - Five bullet Friday - Issue # 55
Dear Partners, Market started picking back up despite the negative macro environment. War is an excuse for governments to print money. The most important statistic to remember is that 80% of all the dollars in circulation were printed in the last 22 months. In a recent ad for a bitcoin conference, t...
Read ArticleFive bullet Friday - issue #132
Dear Partners, I realize how painful it is to see this big drawdown in the month of January. As a big holder of fund 1, I feel the pain of this recent drop along with all of you. One of the major reasons is due to the drop in the price of KLIMA. 1. In our Fund 1, I have not withdrawn any performance...
Read ArticleRCIF II - Five bullet Friday - Issue # 54
Dear Partners, Crypto markets seemed to have regained their momentum in the last week. Market sentiment is mostly driven by bitcoin as new institutional capital enters via bitcoin. We are working on getting the 2021 K-1s issued by the first week of April. 1. Recent macro events are making me more bu...
Read ArticleFive bullet Friday - issue #131
Dear Partners, Crypto markets seemed to have regained their momentum in the last week. Market sentiment is mostly driven by bitcoin as new institutional capital enters via bitcoin. We are working on getting the 2021 K-1s issued by the first week of April. 1. Recent macro events are making
Read ArticleRCIF II - Five bullet Friday - Issue # 53
Dear Partners, I have been a little under the weather this week as I had a dental surgery done to have new implants placed in my mouth. I have not followed the markets closely. It appears that traditional stock markets are now getting into bear market territory. 1. Joe Biden has signed an executive ...
Read ArticleFive bullet Friday - issue #130
Dear Partners, I have been a little under the weather this week as I had a dental surgery done to have new implants placed in my mouth. I have not followed the markets closely. It appears that traditional stock markets are now getting into bear market territory. 1. Joe Biden has signed an ex
Read ArticleRCIF II - Five bullet Friday - Issue # 52
Dear Partners, Traditional markets and Crypto markets are going through an enormous draw-down this week. Before this drop, the markets were expecting 10 rate hikes this year. Now it is really doubtful whether the Federal Reserve can really raise rates that high. 1. Western Governments and the
Read ArticleFive bullet Friday - issue #128
Dear Partners, I had a relaxing vacation disconnected from the digital world. A lot changed in the last 2 weeks. I come back to realize that the world is slowly moving towards the potential of world war 3. In these 2 weeks, Canada flipped from democracy to a police state. They seized the funds
Read ArticleRCIF II - Five bullet Friday - Issue # 51
Dear Partners, I had a relaxing vacation disconnected from the digital world. A lot changed in the last 2 weeks. I come back to realize that the world is slowly moving towards the potential of world war 3. In these 2 weeks, Canada flipped from democracy to a police state. They seized the funds
Read ArticleRCIF II - Five bullet Friday - Issue # 50
Dear Partners, Crypto markets are gathering some positive momentum in the last week. This is mostly driven by the positive sentiment around bitcoin. Most institutional investors enter crypto markets first via exposure to bitcoin as it has the longest and most reliable chain. Our portfolio <https
Read ArticleFive bullet Friday - issue #127
Dear Partners, Crypto markets are gathering some positive momentum in the last week. This is mostly driven by the positive sentiment around bitcoin. Most institutional investors enter crypto markets first via exposure to bitcoin as it has the longest and most reliable chain. Our portfolio <https
Read ArticleRCIF II - Five bullet Friday - Issue # 49
Dear Partners, Crypto markets continued their downward trajectory as this week marks the third week in a row with negative returns across all sectors. Big layer 1 platforms like Solana experienced a -31% draw down. 1. Last week many outlets reported <https://blockworks.co/market-recap-btc-drop
Read ArticleFive bullet Friday - issue #126
Dear Partners, Crypto markets continued their downward trajectory as this week marks the third week in a row with negative returns across all sectors. Big layer 1 platforms like Solana experienced a -31% draw down. 1. Last week many outlets reported <https://blockworks.co/market-recap-btc-drop
Read ArticleRCIF II - Five bullet Friday - Issue # 48
Dear Partners, Crypto markets are dropping steadily. Investor sentiment is at maximum fear. This feels like a lot of irrational fear from investors, which is triggered by the stock market drop. 1. I have been watching the bitcoin market from a time when its price was at $85. Bitcoin is selling
Read ArticleFive bullet Friday - issue #125
Dear Partners, Crypto markets are dropping steadily. Investor sentiment is at maximum fear. This feels like a lot of irrational fear from investors, which is triggered by the stock market drop. 1. Last year, in these weekly updates, from issue #114 on October 29th, I wrote this to all partners.
Read ArticleRCIF II - Five bullet Friday - Issue # 47
Dear Partners, Crypto market is currently under the grip of fear. Bitcoin's hashrate dropped recently by 15% due to the civil unrest in Kazakhstan. Our portfolio <https://zapper.fi/account/0x168fa4917e7cd18f4ed3dc313c4975851ca9e5e7> has taken a hit due to the steep drop in OlympusDAO. 1. Toda
Read ArticleFive bullet Friday - issue #124
Dear Partners, Crypto market is currently under the grip of fear. Bitcoin's hashrate dropped recently by 15% due to the civil unrest in Kazakhstan. Our portfolio <https://zapper.fi/account/0xe787deec0be77db98a1294193e2c1600c8a8687d> has taken a hit due to the steep drop in OlympusDAO. 1. Tod
Read ArticleRCIF II - Five bullet Friday - Issue # 46
Dear Partners, We are starting this new year with a major swing down in bitcoin. Since many coins are priced in terms of bitcoin, it pulls the entire market down. The market sentiment seemed to be negative. 1. When China try to shut down a lot of bitcoin miners around May 20th of last year, it
Read ArticleFive bullet Friday - issue #123
Dear Partners, We are starting this new year with a major swing down in bitcoin. Since many coins are priced in terms of bitcoin, it pulls the entire market down. The market sentiment seemed to be negative. 1. When China try to shut down a lot of bitcoin miners around May 20th of last year, it
Read ArticleRCIF II - Five bullet Friday - Issue # 45
Dear Partners, We had a remarkable run this year in our portfolio <https://zapper.fi/account/0x168fa4917e7cd18f4ed3dc313c4975851ca9e5e7> . Due to the holidays, many folks at fund administrators are out of office. We expect to get the November statements early next week. 1. Since October was a h
Read ArticleFive bullet Friday - issue #122
Dear Partners, We had a remarkable run this year in our portfolio <https://zapper.fi/account/0xe787deec0be77db98a1294193e2c1600c8a8687d> . Due to the holidays, many folks at fund administrators are out of office. We expect to get the November statements early next week. 1. Since October was a h
Read ArticleRCIF II - Five bullet Friday - Issue # 44
Dear Partners, Crypto market sentiment is still largely driven by bitcoin price. All of the exciting new developments are happening elsewhere in NFT, DAO protocols. But they experience a bigger drawdown in a falling market against bitcoin. 1. This week bitcoin surpassed a major number. 90% of
Read ArticleFive bullet Friday - issue #121
Dear Partners, Crypto market sentiment is still largely driven by bitcoin price. All of the exciting new developments are happening elsewhere in NFT, DAO protocols. But they experience a bigger drawdown in a falling market against bitcoin. 1. This week bitcoin surpassed a major number. 90% of
Read ArticleRCIF II - Five bullet Friday - Issue # 43
Dear Partners, Crypto markets are going lower due to a lot of negative sentiment from bitcoin. In my earlier email, I said Carbon Offset Bond (COB) is a great substitute for your savings account from the bank. Many people asked me why I consider them as safe as a savings account at the bank. I
Read ArticleFive bullet Friday - issue #120
Dear Partners, Crypto markets are going lower due to a lot of negative sentiment from bitcoin. In my earlier email, I said Carbon Offset Bond (COB) is a great substitute for your savings account from the bank. Many people asked me why I consider them as safe as a savings account at the bank. I
Read ArticleRCIF II - Five bullet Friday - Issue # 42
Dear Partners, All of you should have received your October statements after the audit review. Our RCIF 2 was up by 67.76% (net of fees) in October 2021. We had a YTD growth of 729.96% so far for 2021. November is a positive month as well. 1. There is not much to add on the recent pull back
Read ArticleFive bullet Friday - issue #119
Dear Partners, All of you should have received your October statements after the audit review. Our RCIF 1 was up by 89.45% (net of fees) in October 2021. We had a YTD growth of 436.85% so far for 2021. 1. There is not much to add on the recent pull back of bitcoin. It is always mysterious to
Read ArticleFive bullet Friday - issue #118
Dear Partners, Some of you have not received the distributions for the month of October. These distributions were sent out on November 15th and were already deducted from our account. We have been following up with Silvergate bank to trace these payments. 1. This legacy financial world is
Read ArticleRCIF II - Five bullet Friday - Issue # 41
Dear Partners, All of you should have received the distributions for the month of October. All of you should have received the October statements as well. We returned 67.76% growth (Net of fees) in the month of October. 1. It always surprises me that those protocols that have nothing to do w
Read ArticleRCIF II - Five bullet Friday - Issue # 41
Dear Partners, In May of this year, when China attacked the bitcoin miner's network was a critical moment in history both for bitcoin and the population of China. Those countries that adopt hard currency will benefit at the expense of weaker currencies. Capital will flow naturally from weak cur
Read ArticleFive bullet Friday - issue #117
Dear Partners, All of you should have received the distributions for the month of October. The statements for October are ready, but cannot be dispatched as we need to get them reviewed by the audit team from Richey May. Some of these auditors are out on vacation due to Thanksgiving holidays a
Read ArticleRCIF II - Five bullet Friday - Issue # 40
Dear Partners, Our portfolio performed well beyond my expectations in the month of October. We returned 67.76% growth (net of fees) last month. I am expecting the distributions to be sent out next week. 1. One of our portfolio holdings, YieldGuild has given us a free airdrop of close to 1000
Read ArticleFive bullet Friday - issue #116
Dear Partners, Our portfolio performed well beyond my expectations in the month of October. I am expecting a growth upwards of 85% for October month. Some of you remember the bear market blues from last year when we dropped by 50% in just one month. I am expecting the statements and distributi
Read ArticleFive bullet Friday - issue #115
Dear Partners, Bitcoin hashrate has recovered 90% from the drop we have seen in May. This is hugely bullish for bitcoin as it basically survived the attack from its largest authoritarian nation-state. 1. Bitcoin price movements tend to set the market sentiment/mood for the crypto markets. Mo
Read ArticleRCIF II - Five bullet Friday - Issue # 39
Dear Partners, Bitcoin hashrate has recovered 90% from the drop we have seen in May. This is hugely bullish for bitcoin as it basically survived the attack from its largest authoritarian nation-state. 1. Bitcoin price movements tend to set the market sentiment/mood for the crypto markets. Mo
Read ArticleRCIF II - Five bullet Friday - Issue # 39
Dear Partners, Crypto market sentiment has improved significantly due to the bitcoin price run-up. Our portfolio value moved up a lot during the month of October. 1. Facebook is becoming Meta <https://www.nytimes.com/2021/10/29/technology/meta-facebook-zuckerberg.html> , a metaverse-first comp
Read ArticleFive bullet Friday - issue #114
Dear Partners, Crypto market sentiment has improved significantly due to the bitcoin price run-up. Our portfolio value moved up a lot during the month of October. 1. Some of the partners who entered the market at a good time last year have realized more than 3 to 4 times their initial investme
Read ArticleRCIF II - Five bullet Friday - Issue # 38
Dear Partners, All of you should have received the statements for the month of September. I am delighted to announce that we have sent out the distributions for the month of September. Based on what I am seeing so far, October month is looking very good. 1. SEC approving a bitcoin ETF shows th
Read ArticleFive bullet Friday - issue #113
Dear Partners, All of you should have received the statements for the month of September. I am delighted to announce that we have sent out the distributions for the month of September. Based on what I am seeing so far, October month is looking very good. 1. SEC approving a bitcoin ETF shows th
Read ArticleRCIF II - Five bullet Friday - Issue # 37
Dear Partners, Our fund returned 99.74% (net of fees) to the investors in the month of September. So far this year, we have produced a gain of 394.72% (net of fees) year-to-date. 1. SEC approved the ETF <https://www.coindesk.com/policy/2021/10/15/sec-approves-bitcoin-etf-opening-crypto-to-wid
Read ArticleFive bullet Friday - issue #112
Dear Partners, Bitcoin still sets the market sentiment for the crypto markets even though most of the developers are building on top of Ethereum. Today SEC has announced that they have formally approved an ETF on bitcoin. 1. SEC approved the ETF <https://www.coindesk.com/policy/2021/10/15/sec
Read ArticleRCIF II - Five bullet Friday - Issue # 35
Dear Partners, Our September month performance looks a lot better than August due to the growth of OlympusDAO and KlimaDAO protocols. Bitcoin's hashrate took a beating in June, but recovered 60% of it in the last 2 months. When nations squeeze centralized crypto companies they are just driving
Read ArticleRCIF II - Five bullet Friday - Issue # 35
Hi Sanjay, Pleasure meeting you and thanks for a good lunch. We had good discussions and hope to see progress for a long term mutual benefit. As discussed please find the latest weekly update we have shared with our investors. Though these markets are volatile , we just hold the coins and see co
Read ArticleRCIF II - Five bullet Friday - Issue # 36
Dear Partners, Bitcoin started regaining momentum after the recent attacks from China. Since Bitcoin sets the mood for the crypto market in general, many smaller coins started moving up a lot. Based on the number of proprietary indicators, I expect this bull run to continue till the end of nex
Read ArticleFive bullet Friday - issue #111
Dear Partners, Bitcoin started regaining momentum after the recent attacks from China. Since Bitcoin sets the mood for the crypto market in general, many smaller coins started moving up a lot. Based on the number of proprietary indicators, I expect this bull run to continue till the end of nex
Read ArticleFive bullet Friday - issue #110
Dear Partners, Our September month performance looks a lot better than August due to the growth of OlympusDAO and KlimaDAO protocols. Bitcoin's hashrate took a beating in June, but recovered 60% of it in the last 2 months. When nations squeeze centralized crypto companies they are just driving
Read ArticleRCIF II - Five bullet Friday - Issue # 34
Dear Partners, Several news sites have reported that China started cracking down on cryptocurrencies again, and crypto markets simply yawned and ignored it. I have been investing in Bitcoin since 2013 and I have seen reports every year from China that it is cracking down on bitcoin. 1. This we
Read ArticleFive bullet Friday - issue #109
Dear Partners, All of you should have received the August statements. Our fund 1 was up by 47.43% (before fees) in the month of August. All of you who are seeking monthly distributions must have received them as well. If you have not received it, please let me know. Several news sites have repo
Read ArticleRCIF II - Five bullet Friday - Issue # 33
Dear Partners, All of you should have received the fund statements for the month of August. In the month of August, RCIF II grew by 27.56% (before fees). Based on the value of our portfolio <https://zapper.fi/account/0x168fa4917e7cd18f4ed3dc313c4975851ca9e5e7> currently, we are up by 35-40% alre
Read ArticleRCIF II - Five bullet Friday - Issue # 33
Hi Bhoopathy Garu, Our Crypto Savings Note is offered at 18% per annum, paid on monthly basis. And s a follow up to our conversation, you can see our latest deck here <https://drive.google.com/file/d/1X6rcKwxrYeJQWjSjy790avTu8vXt31He/view?usp=sharing> and all the rules of our partnership ar
Read ArticleFive bullet Friday - issue #108
Dear Partners, NFT markets have been growing at a massive speed compared to other sectors in the Crypto markets. NFT sales are essential for building of the metaverse. We can look at metaverse as the next evolution of Internet itself where we don't rely on any trusted third parties. Our current p
Read ArticleRCIF II - Five bullet Friday - Issue # 32
Dear Partners, In the past week, the country of El Salvador has officially implemented bitcoin as their legal tender. Many US corporations like Burger King, Starbucks, McDonalds, Pizza Hut are taking orders in SATS (satoshis, which is equal to 100 millionth of a bitcoin) in El Salvador. 1. T
Read ArticleFive bullet Friday - issue #107
Dear Partners, In the past week, the country of El Salvador has officially implemented bitcoin as their legal tender. Many US corporations like Burger King, Starbucks, McDonalds, Pizza Hut are taking orders in SATS (satoshis, which is equal to 100 millionth of a bitcoin) in El Salvador. 1. T
Read ArticleRCIF II - Five bullet Friday - Issue # 31
Dear Partners, In the past week, NFT market was growing very fast. OpenSea is a platform to buy and sell NFTs.They had $3 billion dollars worth of art changed hands in the month of August. Our fund made more NFT purchases this week. 1. NFT markets are attracting talent from writers, artists,
Read ArticleFive bullet Friday - issue #106
Dear Partners, In the past week, NFT market was growing very fast. OpenSea is a platform to buy and sell NFTs.They had $3 billion dollars worth of art changed hands in the month of August. Our fund made more NFT purchases this week. 1. NFT markets are attracting talent from writers, artists,
Read ArticleRCIF II - Five bullet Friday - Issue # 30
Dear Partners, Bitcoin's hashrate has been growing steadily upwards since China shutting down bitcoin miners. The NFT market is growing at an exponential rate. Number of my proprietary indicators are showing a bullish sentiment. 1. Right now, the Infrastructure bill in Congress looks like i
Read ArticleFive bullet Friday - issue #105
Dear Partners, Bitcoin's hashrate has been growing steadily upwards since China shutting down bitcoin miners. The NFT market is growing at an exponential rate. Number of my proprietary indicators are showing a bullish sentiment. 1. Right now, Infrastructure bill in Congress looks like it is g
Read ArticleRCIF II - Five bullet Friday - Issue # 29
Dear Partners, All of you should have received the statements for the month of July. Our fund was up 36.69% (before fees) in the month of July 2021. The initial scare that China is going to kill bitcoin was proven false. Bitcoin's hashrate grew by 50% in just 2 weeks. 1. Our current news cycl
Read ArticleFive bullet Friday - issue #104
Dear Partners, All of you should have received the statements for the month of July. Our fund was up 23.39% in the month of July 2021. The initial scare that China is going to kill bitcoin was proven false. Bitcoin's hashrate grew by 50% in just 2 weeks. 1. Our current news cycle is talking a
Read ArticleFive bullet Friday - issue #103
Dear Partners, Crypto market sentiment improved heavily with bitcoin price bouncing back. All of you should have received your distributions for the month of July, this week. Our investment objective in the short-term is to grow the number of tokens we own to produce income (NOT their market va
Read ArticleRCIF II - Five bullet Friday - Issue # 28
Dear Partners, Crypto market sentiment improved heavily with bitcoin price bouncing back. In the month of July our fund was up 36.69% (before fees). All of you should expect to receive distributions next week. Our investment objective in the short-term is to grow the number of tokens we own
Read ArticleRCIF II - Five bullet Friday - Issue # 27
Dear Partners, Crypto markets started rebounding from the earlier market corrections. Ethereum successfully implemented the EIP-1559 proposal, which started reducing the supply of ethereum continuously. This is massively bullish for Ethereum. 1. The US Senate is trying to pass an infrastruct
Read ArticleFive bullet Friday - issue #102
Dear Partners, Crypto markets started rebounding from the earlier market corrections. Ethereum successfully implemented the EIP-1559 proposal, which started reducing the supply of ethereum continuously. This is massively bullish for Ethereum. 1. The US Senate is trying to pass an infrastruct
Read ArticleRCIF II - Five bullet Friday - Issue # 26
Dear Partners, Crypto markets seemed to have recovered a lot after bitcoin gained 28% in one week. Bitcoin's hashrate also started moving up with bitcoin miners quickly setting up mining operations in other countries. I think it was a healthy pull back to clear out weak hands. 1. The Securities a
Read ArticleFive bullet Friday - issue #101
Dear Partners, Crypto markets seemed to have recovered a lot after bitcoin gained 28% in one week. Bitcoin's hashrate also started moving up with bitcoin miners quickly setting up mining operations in other countries. I think it was a healthy pull back to clear out weak hands. 1. Securites and Ex
Read ArticleRCIF II - Five bullet Friday - Issue # 25
Dear Partners, Crypto market sentiment has improved slightly over the last week. Bitcoin has the most name recognition from the general public even though most of the developers are working on building on Ethereum. Bitcoin's market sentiment is negative and it is dragging down the DeFi market
Read ArticleRCIF II - Five bullet Friday - Issue # 25
HI Since we are almost there, sharing the weekly status report we send to the all investors. This gives a clear picture on our reporting and transparent process. Thanks & Regards Ravishankar Avadhanam Director of Business Development & Operations Ph:630-536-4115 www.rosecityfund.com <http:
Read ArticleFive bullet Friday - issue #100
Dear Partners, Crypto market sentiment has improved slightly over the last week. Bitcoin has the most name recognition from the general public even though most of the developers are working on building on Ethereum. Bitcoin's market sentiment is negative and it is dragging down the DeFi market
Read ArticleRCIF II - Five bullet Friday - Issue # 24
Dear Partners, I am delighted to see that we produced 46.85% growth ( Net of fees) to our partners in the month of June. Our short-term focus is to generate income via proof-of-stake mining, while producing capital gains in the long-term. Long-term in my view is 3 years, which will give enough
Read ArticleFive bullet Friday - issue #99
Dear Partners, Crypto market sentiment seems to be negative, mostly driven by bitcoin. I have processed the distributions to all the partners on Monday of this week. With each monthly distribution, your risk to your capital decreases slowly. Eventually, when your distributions are equal to y
Read ArticleRCIF II - Five bullet Friday - Issue # 23
Dear Partners, Crypto markets shook off the negative sentiment and started surging forward in the last week. Bitcoin has not recovered as much, but most of DeFi protocol tokens started moving up. DeFi protocols produce passive income, therefore, there is a constant demand for these tokens, w
Read ArticleFive bullet Friday - issue #98
Dear Partners, Crypto markets shook off the negative sentiment and started surging forward in the last week. Bitcoin has not recovered as much, but most of DeFi protocol tokens started moving up. DeFi protocols produce passive income, therefore, there is a constant demand for these tokens, whi
Read ArticleRCIF II - Five bullet Friday - Issue # 22
Dear Partners, Crypto markets seem to return slowly from the panic selling of bitcoin miners. No country in the world can ban bitcoin or the internet. They can only ban themselves from bitcoin or the internet. I was surprised to hear that 60% of bitcoin's hash rate went down in just 2 weeks and bitc...
Read ArticleFive bullet Friday - issue #97
Dear Partners, Crypto markets seem to return slowly from the panic selling of bitcoin miners. No country in the world can ban bitcoin or the internet. They can only ban themselves from bitcoin or the internet. I was surprised to hear that 60% of bitcoin's hash rate went down in just 2 weeks and bitc...
Read ArticleRCIF II - Five bullet Friday - Issue # 21
Dear Partners, Crypto market sentiment continues to be gripped in fear and uncertainty. The biggest factor driving this fear comes from China banning bitcoin mining. This has cut down bitcoin's hashrate by 40% just in a matter of 2 weeks. 1. It is fascinating to see the new developments coming from ...
Read ArticleFive bullet Friday - issue #96
Dear Partners, Crypto market sentiment continues to be gripped in fear and uncertainty. The biggest factor driving this fear comes from China banning bitcoin mining. This has cut down bitcoin's hashrate by 40% just in a matter of 2 weeks. 1. It is fascinating to see the new developments coming from ...
Read ArticleRCIF II - Five bullet Friday - Issue # 20
Dear Partners, I have been travelling this week along the coast of Oregon. I did not have much time to catch up with markets. Crypto market sentiment now is at an all-time low. 1. I am excited to see the developments happening in El Salvador. The president of El Salvador, announced that they are add...
Read ArticleFive bullet Friday - issue #95
Dear Partners, I have been travelling this week along the coast of Oregon. I did not have much time to catch up with markets. All the distributions were sent out on Tuesday of this week. If you still have not received it, please let me know. 1. I am excited to see the developments happening in El Sa...
Read ArticleRCIF II - Five bullet Friday - Issue # 19
Dear Partners, This week is a remarkable day in the history of crypto currencies. It is the second most important event after the birth of bitcoin on January 3rd, 2009. The country of El Salvador passed a bill on June 8th, 2021 in their congress, recognizing bitcoin as the legal tender for the entir...
Read ArticleFive bullet Friday - Issue #94
Dear Partners, This week is a remarkable day in the history of crypto currencies. It is the second most important event after the birth of bitcoin on January 3rd, 2009. The country of El Salvador passed a bill on June 8th, 2021 in their congress, recognizing bitcoin as the legal tender for the entir...
Read ArticleRCIF II - Five bullet Friday - Issue # 18
Dear Partners, There is a huge bitcoin conference happening in Miami this week. It was interesting to catch up on various perspectives from various industry leaders. They had a cool domain: https://b.tc/conference/ . It is hard to beat b.tc domain name and had 13,000 attendees from every corner of t...
Read ArticleFive bullet Friday - Issue #93
Dear Partners, There is a huge bitcoin conference happening in Miami this week. It was interesting to catch up on various perspectives from various industry leaders. They had a cool domain: https://b.tc/conference/ . It is hard to beat b.tc domain name and had 13,000 attendees from every corner of t...
Read ArticleRCIF II - Five bullet Friday - Issue # 17
Dear Partners, Crypto markets continue to be very depressed after the china scare. China's firewall is now blocking all major Crypto trading sites like Uniswap or Sushiswap. This caused a lot of market panic and forced selling from bitcoin miners in China. 1. China tried multiple times to kill bitco...
Read ArticleFive bullet Friday - Issue #92
Dear Partners, Crypto markets continue to be very depressed after the china scare. China's firewall is now blocking all major Crypto trading sites like Uniswap or Sushiswap. This caused a lot of market panic and forced selling from bitcoin miners in China. 1. China tried multiple times to kill bitco...
Read ArticleRCIF II - Five bullet Friday - Issue # 16
Dear Partners, Crypto markets have taken a beating this week, which was much worse than what we saw around March, 2020. The amount of bad news thrown at Crypto markets appears to me as a coordinated attack from some powerful players. There is a barrage of articles on 4chan forums that indicate that ...
Read ArticleFive bullet Friday - Issue #91
Dear Partners, Crypto markets have taken a beating this week, which was much worse than what we saw around March, 2020. The amount of bad news thrown at Crypto markets appears to me as a coordinated attack from some powerful players. There is a barrage of articles on 4chan forums that indicate that ...
Read ArticleRCIF II - Five bullet Friday - Issue # 15
Dear Partners, There was a lot of negative news in the media about bitcoin recently. Tesla has announced that they will not sell their cars for bitcoin. Elon Musk also claimed that bitcoin mining is harmful to the environment with a lot of bitcoin miners using coal. Bloomberg pushed a negative artic...
Read ArticleFive bullet Friday - Issue #90
Dear Partners, There was a lot of negative news in the media about bitcoin recently. Tesla has announced that they will not sell their cars for bitcoin. Elon Musk also claimed that bitcoin mining is harmful to the environment with a lot of bitcoin miners using coal. Bloomberg pushed a negative artic...
Read ArticleRCIF II - Five bullet Friday - Issue # 14
Dear Partners, This week Crypto markets moved up a lot due the major upcoming changes on Ethereum. Ethereum went through a transformational journey in the last 2 years. Starting with the implementation of EIP-1559, it burns ethereum tokens with ethereum miner's income. 1. I need to alert the existin...
Read ArticleRCIF II - Five bullet Friday - Issue # 13
Dear Partners, Crypto markets quickly recovered from the down draft experienced last week. Many people quickly started talking about the death of bitcoin without realizing what kind of cycles bitcoiners have gone through already. I have been buying bitcoin since 2013 and 30% drops in 2 weeks are jus...
Read ArticleFive bullet Friday - Issue #88
Dear Partners, Crypto markets quickly recovered from the down draft experienced last week. Many people quickly started talking about the death of bitcoin without realizing what kind of cycles bitcoiners have gone through already. I have been buying bitcoin since 2013 and 30% drops in 2 weeks are jus...
Read ArticleRCIF II - Five bullet Friday - Issue # 12
Dear Partners, Crypto market went through a brutal sell-off in the last week. Bitcoin dropped 22% in the past 9 days, sliding from $65,000 to $47,881. Many Ethereum tokens have dropped by more than 50% in the past 9 days. This presents a great opportunity to dollar-cost average into your positions. ...
Read ArticleFive bullet Friday - Issue #87
Dear Partners, Crypto market went through a brutal sell-off in the last week. Bitcoin dropped 22% in the past 9 days, sliding from $65,000 to $47,881. Many Ethereum tokens have dropped by more than 50% in the past 9 days. This presents a great opportunity to dollar-cost average into your positions. ...
Read ArticleRCIF II - Five bullet Friday - Issue # 11
Dear Partners, Crypto markets seemed to be gaining strength. Our proof-of-stake mining coins are generating substantial income. In the short term, our goal is to provide steady income. If the choices we make in the short-term are right, we will make a lot of capital gains in the long-term which is o...
Read ArticleFive bullet Friday - Issue #86
Dear Partners, I am delighted to announce that I sent all the distributions for the month of March, yesterday as ACH payments. Most of you should receive them by today, if not by Monday. In the short term, our goal is to provide steady income. If the choices we make in the short-term are right, we w...
Read ArticleRCIF II - Five bullet Friday - Issue # 10
Dear Partners, NFT protocol tokens are getting a lot of traction in the crypto asset market. It is enabling artists, musicians and gamers to sell their NFTs at huge premiums on fully decentralized platforms. NFTs are currently tokenizing digital art, but eventually it will cover both real-world and ...
Read ArticleFive bullet Friday - Issue #85
Dear Partners, NFT protocol tokens are getting a lot of traction in the crypto asset market. It is enabling artists, musicians and gamers to sell their NFTs at huge premiums on fully decentralized platforms. NFTs are currently tokenizing digital art, but eventually it will cover both real-world and ...
Read ArticleRCIF II - Five bullet Friday - Issue # 9
Dear Partners, Crypto markets have taken a breather in March. I see that a huge number of NFT (non-fungible tokens) are sold by a number of artists for huge sums of money. This trend is a niche use of Decentralized Finance tokens, which I believe will accelerate. 1. NFT market is growing rapidly as ...
Read ArticleFive bullet Friday - Issue #84
Dear Partners, Crypto markets have taken a breather in March. I see that a huge number of NFT (non-fungible tokens) are sold by a number of artists for huge sums of money. This trend is a niche use of Decentralized Finance tokens, which I believe will accelerate. 1. We currently have a direct exposu...
Read ArticleRCIF II - Five bullet Friday - Issue # 8
Dear Partners, All of you must have received your February statements showing a growth of 290.35% (after fees) from our fund administrator Intertrust Group. Intertrust group is responsible to process the distributions to all investors. Since we have generated significant staking income from KLON, we...
Read ArticleFive bullet Friday - Issue #83
Dear Partners, Most of you must have received the February statements, showing a growth of 36.62% in the month of February (before fees). The exact number for each individual will vary based on your high-water mark level before this month. Based on the number of models that I maintain, I expect bitc...
Read ArticleRCIF II - Five bullet Friday - Issue # 7
Dear Partners, All of you must have received your February statements from Intertrust Group. We returned 290.35% (after fees) in the month of February . If we returned 290% in 10 years, that would have been a great return, if you compare to major indices like S&P 500. As you can see here , in th...
Read ArticleFive bullet Friday - Issue #82
Dear Partners, Most of you must have received your February distributions today. I initiated the ACH transfers yesterday. Some banks may deposit on Monday as well. Some partners, who added additional capital in February will receive an additional distribution, after I get the reconciliation file fro...
Read ArticleRCIF II - Five bullet Friday - Issue # 6
Dear Partners, Crypto asset market seemed to have taken a hit this week due to CFTC starting an investigation on Binance. It is in the nature of governments to go after centralized entities like Binance. 2 years from now, there will be a small note where you would hear that binance paid $2 million t...
Read ArticleFive bullet Friday - Issue #81
Dear Partners, You must have received the corrected Schedule K-1 for 2020 yesterday. Please use the file dated on March 10th and discard the previous one. It is nice that you have some capital losses that you can use to offset against gains from other parts of your portfolio. The statement from Towe...
Read ArticleRCIF II - Five bullet Friday - Issue # 5
Dear Partners, We had superb growth in the month of February. I can estimate that our growth in the month of February should exceed 200% based on the growth of KLON. Almost all of the growth came from this position alone. 1. I have been a follower of Synthetix for a long time. In recent months, it r...
Read ArticleFive bullet Friday - Issue #80
Dear Partners, Some of you must have received Schedule K-1 for 2020. I request you to discard them . There was an error in the accounting for one of our positions. We will be sending the corrected Schedule K-1s shortly. Our accountants are currently working on it. 1. I have also received a few quest...
Read ArticleRCIF II - Five bullet Friday - Issue # 4
Dear Partners, Those investors who joined in the month of January will be receiving statements from Intertrust group today. These statements currently do not show an Inception-to-date column, but we are working to fix it by February. 1. I have been bearish on the stock market for almost 5 months now...
Read ArticleFive bullet Friday - Issue #78
Dear Partners, Today is a remarkable day in the history of bitcoin. It crossed a market cap of $1 trillion. I remember my first purchase of bitcoin at $100 back in 2013, but would not have imagined that it will grow into a market cap of $1 trillion in a matter of 8 years. I think the next big target...
Read ArticleFive bullet Friday - Issue #77
Dear Partners, Last week crypto markets moved by the actions of Tesla. Tesla announced that they have invested $1.5 billion into bitcoin. They also started accepting bitcoin as payment for Tesla cars. What is even more interesting is that Elon Musk , tweeted saying, " In retrospect It is inevita
Read ArticleFive bullet Friday - Issue #76
Dear Partners, Last week, Crypto markets were surprised by the action taken by Indian regulators. Indian government proposed a ban on 'private' crypto currencies and wanted to introduce their own central bank currency. 1. I think many Central Banks will issue their own digital currencies over the ne...
Read ArticleFive bullet Friday - Issue #75
Dear Partners, There was a lot of action in the equity markets with the manipulation of GameStop (GME) stock by the wall street. Robinhood the app, unilaterally decided to liquidate the portfolios of many small investors, without even giving them a choice. This is a seminal moment in history that op...
Read ArticleFive bullet Friday - Issue #74
Dear Partners, This week the crypto asset market has taken a hit and dropped by 10% in a day. This was due to the comment from Janet Yellen about curtailing bitcoin's usage. Bitcoin stands in the way of currency debasement from central banks. So, it is natural that they hate it but there is nothing ...
Read ArticleFive bullet Friday - Issue #73
Dear Partners, This week Crypto markets have received a big shot in the arm. Gary Gensler is going to be nominated as Securities Exchange Commission's new chairman. He is a big promoter of blockchain technology and has taught classes at MIT. I have seen numerous SEC enforcement actions under the pre...
Read ArticleFive bullet Friday - Issue #72
Dear Partners, This week is notable as the value of all crypto assets crossed $1 trillion dollars for the first time. Bitcoin still dominates the sector with a $750billion dollar market cap and continues to new highs. 1. We have received wonderful news from OCC, the largest banking regulator in the ...
Read ArticleFive bullet Friday - Issue #71
Dear Partners, Crypto markets are steadily improving. New money always enters the crypto assets via bitcoin as it has the biggest brand name. People outside of the digital asset market are not familiar with Decentralized Financial applications that are growing at an exponential rate. Bull market alw...
Read ArticleFive bullet Friday - Issue #70
Hi Reference to our meetings and discussons during my visit to Dallas, please find the latest report form fund manager on fund’s performance. If your have taken decision to move forward please fill the form by handwriting and send us back a scan copy along with 1. Drivers Lisence 2. Utility Bill wit...
Read ArticleFive bullet Friday - Issue #69
Dear Partners, All of you must have received the November statements showing a monthly performance of 245.08%. As extraordinary is this number, I feel we have barely even started this bull run in Decentralized Finance. In March the total value locked in Defi was close to $1 billion and today we are ...
Read ArticleFive bullet Friday - Issue #68
Dear Partners, Crypto markets are steadily improving. In a notable news this week, Mass Mutual joins the crypto markets with an investment of $100 million in bitcoin. Microstrategy also raised a convertible debt of $650 million just to invest solely into bitcoin. It starts as a trickle first and the...
Read ArticleFive bullet Friday - Issue # 67
Dear Partners, It is a remarkable week in the history of crypto assets, as Ethereum has launched its 2.0 chain on December 1st. One public company in Toronto got into staking ETH in order to receive staking income. I believe it is only a matter of time before most tech companies will start running t...
Read ArticleFive bullet Friday - Issue # 66
Dear Partners, Today you are going to receive the October Statements from Tower fund Services. Our October results were dispiriting. As you can see from our website , we grew by over 450% in the month of November. We have recovered our October losses completely and possibly gained on September losse...
Read ArticleFive bullet Friday - Issue #65
Dear Partners, Today is again the happiest day of the month for me, as I processed most of the dividends for the month of October. Those of you, who wanted ACH deposits have not been processed yet and expected to be sent on Monday of next week. We have added 2 new kinds of toll-booths to our portfol...
Read ArticleFive bullet Friday - Issue #64
Dear Partners, In the last one week, crypto markets turned around and continued on their bullish trend. This helped us recover from all of our losses from October and gained ground. For example, in the last one week our portfolio positions like YFI moved up by 110%, Aave by 66% and SNX by 20%. While...
Read ArticleFive bullet Friday - Issue # 63
Dear Partners, It must have been dispiriting to watch all DeFi tokens drop in value by more than 70% in the last 2 months. I can see why the sentiment turned so negative due to US Government aggressive enforcement actions against many exchanges. The fundamentals of all the tokens we hold have improv...
Read ArticleFive bullet Friday - Issue #60
Dear Partners, I have received more questions on how we are going to distribute the toll-booth fees we generate from staking. What I described last week is only a proposal. My intent here is to take feedback from all the partners and arrive at a rough consensus. After that point we will vet that pro...
Read ArticleFive bullet Friday - Issue #62
Dear Partners, I was expecting the release of September statements from Tower Fund Services today. They are still working on it as they are backed up due to Covid staffing issues. We have added 36 new investors in September and 31 new investors in October, which increased their workload significantl...
Read ArticleFive bullet Friday - Issue #61
Dear Partners, Today is the happiest day of the month for me, as I processed all the dividends to partners for the month of September. Some of you may see the dividends in your account on Monday (10/26), as they were processed late in the evening today. 1. It is normal to feel jittery after most of ...
Read ArticleFive bullet Friday - Issue #59
Dear Partners, I have been receiving a lot of questions about what we are going to do with retained earnings (aka Toll-booth fees) we collect in the form of new tokens. All of these tokens will be sold and converted into fiat currency, like US Dollars and sent as dividends to the partners in the fun...
Read ArticleFive bullet Friday - Issue #58
Dear Partners, After several weeks of wildfires in Oregon, finally our air quality has improved and has come back to normal. It has been a giant ecological disaster in Oregon but largely ignored by national news media. Based on many reports, close to 600,000 people were evacuated and millions of acr...
Read ArticleFive bullet Friday - Issue #57
Dear Partners, All the partners who subscribed to the fund by August 1st, should have received their statements today. We have returned 431.27% (before fees) in the month of August, 2020. Our monthly performance can be seen here . From April 1st, if you have invested the same $100 into RCIF and S&am...
Read ArticleFive bullet Friday - Issue #56
Dear Partners, Today is another happy day as I have processed August month dividends to all the partners yesterday. All of you who are not reinvesting dividends, should receive dividends in your bank account today. If you have not received the dividends, please let me know. This month I have set up ...
Read ArticleFive bullet Friday - issue #55
Dear Partners, Here in Oregon we are surrounded by massive wildfires, that I have never seen before. With all the smoke in the air, in the middle of the day, we can look at the sun and it looks like the moon to us. 1. US Stock markets are a thing of beauty in the middle of this grave pandemic. They ...
Read ArticleFive bullet Friday - issue #54
Dear Partners, Our fund performed much better in the month of August than July. Most of the gains came from our holdings in YFI. We currently own 429 tokens, which is the same as owning 1.4316% of the protocol, out of a supply of 29,966 YFI tokens. This entitles us to 1.43% of the earning of this pr...
Read ArticleFive bullet Friday - issue #53
Dear Partners, Today is the happiest day of the month for me, because I am processing the dividend payments for all the partners. Some of you have not sent the dividend deposit form to my email address which is attached again. Please do not hit 'reply all', only use 'reply'. 1. Since April of this y...
Read ArticleFive bullet Friday - issue # 52
Dear Partners, I am happy to report that the Rose City Income Fund has returned 145.66% in the month of July ( before fees). All of you should have received statements from Tower Fund Services. Even though July has been a good month for us, August is looking far better. Under normal circumstances, I...
Read ArticleFive bullet Friday - Issue #51
Dear Partners, Bitcoin has been around for more than 10 years now, but only individuals so far has been owning majority of the outstanding bitcoin. I have been involved in bitcoin since 2013. This week a small news item caught my attention. This week, MicroStrategy Incorporated ( Nadaq: MSTR ), has ...
Read ArticleFive bullet Friday - Issue #50
Dear Partners, In our fund we do not invest in any other asset class other than crypto assets. From time to time, I check the financial news and am often surprised by how overvalued the market is. Warren Buffett always said the total market cap of Wilshire index growth cannot exceed the growth of GD...
Read ArticleFive bullet Friday - issue #49
Dear Partners, Coronavirus cases are accelerating around the world at a speed not seen before. Latest GDP numbers shows that US GDP has contracted by 33% in Q2 of this year, compared to last year. It is a complete mystery to me why the stocks are going up in this terrible macro environment. I contin...
Read ArticleFive bullet Friday - Issue #48
Dear Partners, My happiest day of the month is today. It is always the day, I send dividend checks to all of you. I have mailed out the checks from Chase bank today and expected to be received by next Thursday. Please check to make sure they are correct. In case of any errors, please let me know and...
Read ArticleFive bullet Friday - issue # 47
Dear Partners, Despite steep increases in unemployment and steady increase in the rate of Coronavirus cases, stock markets are hitting all-time high. I fail to understand what is the cause for this exuberance from investors. Just last week NASDAQ hit an all-time high after the year 2000. Today you s...
Read ArticleFive bullet Friday - issue #46
Dear Partners, The numbers for Coronavirus are going up steeply in all countries is worrisome. It appears to be accelerating instead of a steady pace. Unless a vaccine is invented, I see no reason for this trend to reverse. Finally after the long wait, all of our 7 REN darknodes configured on Digita...
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