RCMP uncovers alleged plot by 2 Montreal men to illegally sell drones, equipment to Libya
The RCMP says it has uncovered a plot by two men in Montreal to sell Chinese drones and military equipment to Libya illegally.
A German hamster is beating investors at their own game.
Since June, a hamster named Mr. Goxx has been running an independent portfolio that trades cryptocurrency from a high-tech cage called the Goxx Box. His portfolio has a wide range of cryptocurrencies, including TRON, Ethereum and Bitcoin.
Mr. Goxx's trading sessions are livestreamed on Twitch. First, the hamster runs on an "intention wheel," which spins around and chooses a cryptocurrency. Then, it scampers through either a "buy" tunnel or a "sell" tunnel, triggering purchases or sales of roughly 20 euros worth of the cryptocurrency.
Mr. Goxx's human business partner, who presumably executes the trades, prefers to remain anonymous but posts the buy and sell orders on Twitter and Reddit. The hamster's "office hours" and crypto updates can be followed on its Twitch and Reddit page.
In an interview with the crypto website Protos, the human behind Mr. Goxx said that the crypto picks haven't yet been remunerative enough to pay for Mr. Goxx's high-tech digs, which include a desk set up with computer monitors made from wood.
As of Saturday, the hamster's performance was up more than 16 per cent since it began trading in June, according to Protos data — an impressive feat for anyone, much less a rodent. Its returns are better than those for Bitcoin, the S&P 500 and Warren Buffett's Berkshire Hathaway.
Bitcoin and the S&P 500 have climbed about 14 per cent and 5 per cent respectively, over the same time period. Berkshire Hathaway B shares, meanwhile, have fallen by 2 per cent. Mr. Buffett might want to invest in an intention wheel.
"Mr. Goxx is happy to see that some of his investments finally pay off," Mr. Goxx's human partner told Protos.
After an initial investment of a little more than 300 euros, or US$390, Mr. Goxx had a profit of 54 euros on Sunday, or about US$63.
However, that's down from a mid-September high, when Protos data showed the portfolio had risen almost 50 per cent, to almost 500 euros. Bitcoin, the world's most actively traded cryptocurrency, was up just 41 per cent over the same period of time.
Financial advisers tout a broad, buy-and-hold investment strategy, arguing that even well-regarded asset-picking portfolio managers will ultimately lose to a monkey making stock picks by throwing darts at a board. Or, in this case, a hamster in a maze.
Even if Mr. Goxx continues to beat the S&P 500, investing based on a hamster's random movements is not a sound investment strategy. The hamster's Twitch and Reddit accounts make clear that the investments are for entertainment purposes only.
The RCMP says it has uncovered a plot by two men in Montreal to sell Chinese drones and military equipment to Libya illegally.
A group of demonstrators were kicked out of the legislature after a second NDP motion calling for unanimous consent to reverse a ban on the keffiyeh failed to pass.
Former NDP leader Tom Mulcair says that what's happening now in a trash-littered federal park in Quebec is a perfect metaphor for how the Trudeau government runs things.
The U.S. Justice Department announced a US$138.7 million settlement Tuesday with more than 100 people who accused the FBI of grossly mishandling allegations of sexual assault against Larry Nassar in 2015 and 2016, a critical time gap that allowed the sports doctor to continue to prey on victims before his arrest.
A 35-year-old man wanted in connection with the murder of Toronto resident 29-year-old Sharmar Powell-Flowers nine months ago has topped the list of the BOLO program’s 25 most wanted fugitives across Canada, police announced Tuesday.
The Canadian Medical Association is asking the federal government to reconsider its proposed changes to capital gains taxation, arguing it will affect doctors' retirement savings.
Canadian pet owners are finding companionship beyond dogs and cats. Tigers, alligators, scorpions and tarantulas are among some of the exotic pets they are keeping in private homes, which pose risks to public safety and animal welfare, advocates say.
Police in the U.K. are searching for a group of suspects seen on video using a forklift to steal a cash machine from a bank.
A tower crane operator alerted emergency crews after noticing a fire on a construction site in Halifax Tuesday morning.
The giant stone statues guarding the Lions Gate Bridge have been dressed in custom Vancouver Canucks jerseys as the NHL playoffs get underway.
A local Oilers fan is hoping to see his team cut through the postseason, so he can cut his hair.
A family from Laval, Que. is looking for answers... and their father's body. He died on vacation in Cuba and authorities sent someone else's body back to Canada.
A former educational assistant is calling attention to the rising violence in Alberta's classrooms.
The federal government says its plan to increase taxes on capital gains is aimed at wealthy Canadians to achieve “tax fairness.”
At 6'8" and 350 pounds, there is nothing typical about UBC offensive lineman Giovanni Manu, who was born in Tonga and went to high school in Pitt Meadows.
Kevin the cat has been reunited with his family after enduring a harrowing three-day ordeal while lost at Toronto Pearson International Airport earlier this week.
Molly Knight, a Grade 4 student in Nova Scotia, noticed her school library did not have many books on female athletes, so she started her own book drive in hopes of changing that.
Almost 7,000 bars of pure gold were stolen from Pearson International Airport exactly one year ago during an elaborate heist, but so far only a tiny fraction of that stolen loot has been found.