Tag: Binance
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SEC Lawsuits Against Binance and Coinbase: A Damning Indictment of the Cryptocurrency Concept?
In an unprecedented move signaling increased scrutiny of the cryptocurrency industry, the U.S. Securities and Exchange Commission (SEC) has filed lawsuits against leading crypto exchanges, Binance and Coinbase. Allegedly, both exchanges knowingly violated securities laws, prompting the debate: is the entire concept of cryptocurrency fundamentally flawed, or even a sham? The SEC contends that Binance,…
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Today’s Idea: How to Buy Cryptocurrency in Canada
So you want to know about cryptocurrency, do you? If you’re here reading this now odds are good you don’t have the complete roadmap to get involved. You’ve maybe seen some ads online for Wealthsimple Crypto and thought you’d maybe like to get some crypto for yourself, but don’t know where to start. You’re in…
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The Cryptocurrency Guide to the Perplexed: USD Coin (USDC)
USD Coin (USDC) is a digital stablecoin pegged to the United States dollar and runs on Ethereum, Stellar, Algorand, Solana, Tron and the Hedera Hashgraph system. It’s managed by a group called Centre, which was founded by the company and includes members from Coinbase (COIN.Q) and the Bitcoin mining giant, Bitmain, as investors. For the…
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The cryptocurrency guide for the perplexed: Shiba Inu (SHIB)
For the conservative looking to get into crypto, Bitcoin and Ethereum are still where it’s at. They’re the coins that offer the lowest risk profile—they have enough attention, backing and third-party investment to ensure that of all the coins out there they’ll still be around in ten years. But if you’re looking to get rich,…
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Why your crypto bets are down and what’s to be done?
Bitcoin’s down almost half of its high point mark achieved earlier this year, and naysayers are chuckling about the things they’ve always known about the currency. Like they always do whenever crypto hits the skids, which it does ever so often. It’s a common occurrence, and common enough that folks involved will keep quiet during…
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Coinbase Global (COIN.Q) goes live on NASDAQ to the tune of $86 billion, but will it beat the hype?
Cryptocurrency exchange Coinbase went live on the NASDAQ today using the ticker symbol COIN.Q to the tune of $86 billion. If your first reaction to that number is an eyeroll and a whatever-you-say you’re not alone. We’ll get into that in a moment, but for right now let’s consider what this means for the development…
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DJIA drops 600 points, Bitcoin (BTC-USD) falls USD $2,000, Fear Index (VIX) surges 61%, as Biden hits a wall of anti-vaxxers
According to the “collective wisdom of the markets,” the DJIA is worth 50% more today than it was in March 2020.
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The Bitcoin Bubble: Is Tether too big to fail?
Bitcoin’s zoomed to a new all-time high of $28,601.89 over the Christmas season, likely fattening the wallets of hodlers while causing a nasty case of regret in everyone who didn’t get in when it was $2,000 about a year and a half ago. But there was some uneasy rumblings throughout the cryptosphere about what it…
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Biggest hack in Twitter (TWTR.Q) history highlights developments in cyber-crime tracking
Twitter (TWTR.Q) got hacked earlier this week in what is probably one of the most brazen incidences of phishing since the technique was first recognized, but it’s not just the phishing scam—which by and large was fairly transparent—but the who and what that got hacked that made it so significant. Jack Dorsey’s going to have…