Archive: Binance
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Crypto Monitor: The SEC’s Inconsistent Investor Protections
By Early Investing on June 9, 2023
It’s been a rough week. The SEC sued Coinbase and Binance. And a lot of coins have been called out by name in those lawsuits. The SEC declared that Solana, Cardano, Cosmos, Polygon, COTI, Decentraland, Algorand, Filecoin, The Sandbox, Axie Infinity, Chiliz, Flow, Internet Computer Protocol, NEAR Protocol, Voyager Token, Dash, and Nexo are all unregistered securities. Given that, we’re selling our Decentraland position and recommend investors do the same. But hold on to Cosmos. …
The SEC Can’t Kill Crypto
By Vin Narayanan on June 9, 2023
We’re entering a new phase in the development of the crypto ecosystem. The era of crypto exchanges and crypto businesses operating without any regulatory oversight are coming to an end. The European Parliament voted 517-38 in April on a comprehensive package of new rules aimed at…
Six Coins You Need to Sell
By Vin Narayanan on June 8, 2023
It’s been a week. On Monday, the SEC sued Binance, saying the crypto exchange had shown “blatant disregard of the federal securities laws.” And on Tuesday, the SEC sued Coinbase for acting “as an exchange, a broker, and a clearing agency, without registering as an exchange, broker, or…
Crypto’s Two Biggest Exchanges Get Heat From Regulators
By Vin Narayanan on March 31, 2023
Crypto Market Musings Bitcoin broke through the $28,000 barrier (and for one brief moment topped $29,000) on Wednesday after spending about a week trading in the $27,000 range. It’s currently trading at $28,460.27. Most cryptos rallied behind bitcoin’s big Wednesday surge (more than 5%). Ethereum jumped…
New Pick: With Great Risk Comes Great Reward
By Vin Narayanan on February 16, 2023
We talk about risk all the time in investing. In the stock markets, companies can fail or not meet expectations. And if that happens, stock prices can go down or tank. In real estate, a property’s value could drop over time. Or it might not generate as much…
New Pick: A Storm-Proof Decentralized Exchange Crypto
By Vin Narayanan on December 22, 2022
There are many things we can learn from the FTX debacle. First, and most importantly, FTX’s core problems had little to do with crypto. Fraud, mismanagement, hubris and lack of board oversight — among other things — created an unnecessary crypto crisis where…
New Pick: An Answer to Crypto’s Centralized Exchange Problem
By Vin Narayanan on December 16, 2022
Between FTX’s collapse and Binance’s current problems — which I wrote about for Early Investing this week — it’s clear that large centralized exchanges have become pain points in the crypto ecosystem. There are good reasons to…
Crypto Regulations Are on the Horizon
By Vin Narayanan on December 14, 2022
I had planned on writing about startups today. A major scientific breakthrough in fusion happened this week. The implications for humanity and startups are astounding. But then two massive crypto stories broke, so startups (and fusion) will have to wait.
SBF and the Fear of Future AI Overlords
By Olivia Strobl on December 9, 2022
Crypto Market Musings Over the past week, bitcoin and ethereum have begun to stabilize following the spectacular collapse of FTX and the fall of crypto tycoon Sam Bankman-Fried (SBF). BTC prices have hovered around $17,000, and ETH prices have hovered around $1,300. According to…
FTX and the Crypto Regulations Still to Come
By Vin Narayanan on November 21, 2022
It’s been a crazy couple of weeks in the crypto market as it tries to sort through the fallout of crypto exchange FTX filing for bankruptcy. For a more detailed account of how it happened, please read this update I wrote…
Crypto Markets Spiral on FTX’s Bankruptcy News
By Vin Narayanan on November 16, 2022
Someday, there will be a Netflix documentary about Sam Bankman-Fried. SBF — as he’s known in crypto circles — was worth more than $14 billion about 10 days ago. Today, the founder and former CEO of popular crypto exchange FTX is bankrupt. SBF’s stunning fall from grace is…
The Early Investing Podcast: Notes From the LA Blockchain Summit
By Early Investing on November 9, 2022
Sam Bankman-Fried, CEO of the FTX crypto exchange and a very popular figure in the crypto community, has lost nearly 94% of his total wealth. FTX was having liquidity problems, so Binance stepped in to acquire the struggling exchange. The Bloomberg Billionaires Index assumes that existing FTX investors…
Crypto Monitor: Binance Shakes the Stablecoin Universe
By Early Investing on September 23, 2022
Earlier this month, Binance made a move that raised eyebrows. The world’s largest crypto exchange launched “BUSD auto-conversion,” which will convert any existing user balances and new deposits of USD Coin (USDC), Pax Dollar (USDP) and True USD (TUSD) into Binance’s own stablecoin. Binance said this auto-conversion is…
News Fix: Crypto Bear Market Edition
By Allison Brickell on August 3, 2022
We’ve made it to the dog days of summer. The crypto markets haven’t exactly been hot — in fact, they’ve been pretty cold for the last few months. But that doesn’t mean it’s all bad news. Market Update The crypto market is still in bear market…
Behind the Pick: A New Way of Diversifying
By Early Investing on June 24, 2022
The crypto markets are in rough shape right now. So it’s more important than ever for crypto investors to diversify their portfolios. In crypto, diversifying usually means investing in a wide variety of spaces like decentralized finance (DeFi), interoperability, smart contracts, utility coins and more. But…
New Pick: A Deliciously De-Risked DeFi Crypto
By Vin Narayanan on June 17, 2022
As expected, the crypto markets tumbled this week (and some last week as well). The timing of the downswings are fairly predictable now — whenever new inflation data or interest rate hikes hit. The bad economic news triggers a sell-off…