#12 - Howey test and new game plan

Untethered.email - capturing the uncaptured

2 links that I enjoyed the most this week

  • The SEC Launched a Fake ICO Website to Educate Investors - howeycoins.com.

  • Winners & Losers - Scott and NYU finance professor David Yermack discuss tethered coins and the cryptocurrency landscape.


Untethered.email is shifting to a monthly publication.

I’ve been sending untethered.email every Sunday (Singapore Time SGT), it does take time to create a summary note, and it is just great to share all these uncaptured insights with you.

After this change, I hope that I will have more time to better understand this landscape, to focus on the complex interplay among players, and its rationales, dynamics and outcomes.

I hope you enjoyed it as much as I did. My goal is helping you to capture the un-captured, it will remain the same.

At the same time, I’m planning to launch another newsletter that focusing on blockchain and crypto investment framework, and investment thesis from leading investors, VCs and funds.

Paid subscribers will automatically upgrade to this new email newsletter. If you have any questions or comments, please feel free to email me.

  • Untethered.email will be a free email newsletter

  • The next Untethered.email podcast summary will be published in June

If you have any questions, feedback, or ideas for making untethered.email more useful for you, please contact me at kevinjx.liu [@] gmail.com

I’d love to hear from you.

Onward, Upward and Untethered,
Untethered.email by Kevin Liu