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It’s all in the wheel: Risky business as hamster invests in crypto



They say never trust a rodent, but this human has put the fate of his crypto portfolio in the tiny hands of his hamster, Mr Goxx.

Hamster, Mr Goxx’s high tech quarters

For many of us, understanding cryptocurrency is like running around on a hamster wheel.

Sophisticated terms, fluctuating values and virtual wallets – there’s so much that you need to know about the virtual currency before you even start thinking about trading.

But for German hamster Mr Goxx, running on wheels and sliding through tunnels is exactly what the four-legged mastermind does to be in on the crypto game.

Mr Goxx has been running an independent portfolio since June, trading cryptocurrencies from his state-of-the-art high-tech cage, the Goxx Box.

The crypto-crazed hamster is known for trading some of the big names, including Bitcoin, TRON and Ethereum.

Now for those who have to see it to believe it, Mr Goxx’s “office-hours” are livestreamed on Twitch, along with updates on his Twitch and Reddit pages.

But, how can a hamster master the ropes of such a difficult trade, you ask? It’s all in the wheel.

Doing crypto, hamster style

Mr Goxx runs rampant on his “intention wheel”, stopping once he chooses his desired cryptocurrency.

He then has to make the difficult choice of picking one of two tunnels to scamper through; the “buy” tunnel or the “sell” tunnel.

It’s from here where he decides his fate, making purchases or sales of up to 20 euros worth of his chosen crypto.

And if he chooses wrong, well it could be a costly investment for his human business partner.

Slowly paying off

Mr Goxx’s human friend told crypto website Protos that the hamster’s crypto picks are still shy of paying off his high-tech quarters.

Despite this, fans on Saturday saw one of the hamster’s best performances – up 16 percent since his trading journey began back in June.

“Mr. Goxx is happy to see some of his investments finally pay off.”

Mr. Goxx’s human partner told Protos.

Over the course of the weekend, Mr Goxx made more than $60 in profit, seeing his initial investment of 300 euros increase.

Despite his success, trusting a hamster to guide your investment strategy is risky business and one that financial advisors don’t recommend.

And while Mr Goxx’s human business partner continues to partake in his hamster ways, it’s clear that the investments made are for the sole purpose of entertaining Mr Goxx’s fans.

Written by Rebecca Borg

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Disney withdraws ads from X amid tensions



Bob Iger, the CEO of Disney, faces a turbulent period as he navigates through challenges including activist investor pressure, plummeting stock prices, and declining consumer interest in Disney movies.

Amidst these struggles, Iger has taken a controversial step by publicly announcing the withdrawal of Disney’s advertisements from Elon Musk’s social media platform, X (formerly known as Twitter). This move aligns with a broader trend of progressive CEOs distancing themselves from platforms associated with figures like Musk and Donald Trump.

The decision to pull ads from X marks a significant shift in the digital advertising landscape. This platform, under Musk’s leadership, aims to transform from a ‘lefty safe space’ to a hub for unrestricted free speech. This pivot includes a commitment to allowing conservative voices and resisting influence from political entities, including those in the Biden administration. However, this transformation has placed Musk, the world’s richest man, in a vulnerable position, drawing intense scrutiny and criticism.

Musk’s situation worsened following his endorsement of a controversial tweet, perceived as antisemitic, suggesting a Jewish conspiracy behind a demographic replacement theory. This incident fueled antisemitic sentiments, especially in the wake of the tragic Oct. 7 Hamas attack in Gaza. Additionally, a report by Media Matters, a Soros-supported organization, accused X of juxtaposing major company ads, like Disney’s, with harmful neo-Nazi content. This allegation led to an advertising boycott, severely impacting X’s financial stability.

At the recent New York Times DealBook conference, Iger openly criticized Musk’s actions and X’s content policies, leading to Disney’s ad withdrawal. While Musk admitted his error, he and his team have countered Media Matters’ claims, accusing them of defamation and filing a lawsuit. Amid these controversies, stakeholders are questioning Iger’s strategic decisions for Disney, especially considering his legacy as a former long-term CEO and his role in shaping the company’s current direction under his successor, Bob Chapek.

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Microsoft’s non-voting board seat in OpenAI revival



Microsoft has secured a non-voting board seat at OpenAI, marking a significant development as Sam Altman returns to helm the organization as CEO.

Microsoft’s new role within OpenAI comes as the tech giant continues to deepen its involvement in AI research and development. While the board seat is non-voting, it symbolizes Microsoft’s commitment to fostering collaboration in the AI community.

This move follows Sam Altman’s recent appointment as CEO of OpenAI, bringing him back into the fold after a brief stint at the helm of the startup in its early days.

With the resurgence of Altman as CEO, and Microsoft’s newfound presence on the board, the question arises: What synergies will this partnership unlock between two prominent entities in the AI domain?

As AI technologies continue to advance, what potential breakthroughs can we expect from this collaboration?

In summary, Microsoft has secured a non-voting board seat at OpenAI as Sam Altman returns as CEO, signaling a deepening alliance in the world of artificial intelligence.

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Elon Musk’s X faces $75M loss as advertisers exit



Elon Musk’s venture, X, is bracing for a substantial financial hit as reports suggest it could suffer losses of up to $75 million by the end of this year.

The turmoil stems from a growing exodus of advertisers, which has sent shockwaves through the company’s revenue streams.

The advertiser exodus appears to be linked to controversies surrounding Elon Musk and his unconventional approach to business and social media. Musk’s controversial statements and tweets have drawn both praise and criticism, but they seem to have alienated a significant portion of X’s advertising partners. Many companies are distancing themselves from the venture due to concerns about brand image and association with Musk’s unpredictable behavior.

This development raises pressing questions about the future of X and its ability to retain advertising partnerships. Can Elon Musk navigate these turbulent waters and win back advertisers? Will X need to reevaluate its strategies and adopt a more traditional corporate image? How might this impact the overall financial health of the venture, and what steps will be taken to mitigate losses?

In the midst of these uncertainties, it remains to be seen whether X can weather the storm and maintain its prominent position in the business world. Elon Musk’s unorthodox approach has often yielded success, but the current challenges pose a significant threat to the venture’s financial stability. As the year-end approaches, observers are closely watching to see how Musk and X respond to this critical situation.

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