Archive: Binance

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 almost 4%. And Polygon was up almost 6%. Ethereum is currently trading around $1,831.30. Polygon is currently trading around $1.11. Two factors appear to be driving the market:…
Premium

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…
Premium

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…
Premium
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…
Premium

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…
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…
Premium

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…
Premium

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…
Premium

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…
Premium

Crypto Insider: Binance Surrenders to Financial Regulators

By Early Investing on September 13, 2021

Binance, the world’s biggest crypto exchange, has been having a rough time lately. The exchange is facing increasing scrutiny from governments around the world. Financial watchdogs from Britain, Japan, Germany, the U.S. and other countries have all issued warnings…

The Convergence of Stocks and Cryptocurrency

By Vin Narayanan on April 14, 2021

In five or ten years, there might not be any difference between trading stocks and trading crypto. The two asset classes are converging in ways we couldn’t have imagined just a few years ago. More than 9.5 million Robinhood customers traded crypto in…
Premium

Crypto Monitor: Assessing the Coronavirus

By Early Investing on February 28, 2020

Adam Sharp and Vin Narayanan assess the impact of the novel coronavirus on the markets, debate whether where Binance is headquartered is important and talk about the new EU banking rules for crypto.