In OpenAI We (Should Not) Trust
Google, Meta, and X should be thrilled. For years Google, Meta, and X have had political and regulatory targets on their backs, justifiably so, for
September 13, 2026
Stablecoin v. Tokenized Deposits – Another Questionable Strategy from Another Bank Consortium
On September 1st, 2026, the Brunswick Group issued a press release announcing that a consortium of “21 leading financial institutions”, including Goldman Sachs and Bank
September 7, 2026
Identity Verification: Checkr + Truv
Checkr acquired a company most people haven’t heard of. Quick context. Checkr runs background checks – the same type an employer runs on a job
August 23, 2026
Six Months Later… Grading our 2026 Predictions, Call by Call
In December 2025, our Managing Member, Adam T. Hark, published his end-of-year letter with a fresh set of predictions for 2026 on interest rates, stablecoins,
July 28, 2026
Meta’s Ingenious Prediction Market Play – Positioning for Agentic Commerce
This week the New York Times reported on Meta’s intended entry into the prediction markets business. Interestingly, many in the media efforted to point out
June 28, 2026
A Little Payments AI Company Hits It Big
Written By Adam T. Hark, Managing Member Back in the summer of 2023 I had the opportunity to evaluate a small company that used machine
June 7, 2026
Clarity Act Odds Improve, but Still in Doubt
This week, the Digital Asset Market Clarity Act cleared a major legislative hurdle, passing out of the Senate Banking Committee and advancing toward a full
May 17, 2026
Look Back, Look Forward
Interest Rates Look Back: Interest rates were a major backdrop (macro-economic) heading into 2025. As expected, the Fed continued its easing, completing three more 25
December 30, 2025
BIG Tech & BIG Retail Take On BIG Payments
We are revisiting an important payments industry subject previously covered by The Wall Street Journal on June 13th, 2025: the possibility of large, qualified businesses,
September 14, 2025