News of the week. Friday, February 26th

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Elon Musk and the SEC

The SEC said it would investigate Musk over comments made about Dogecoin. I would never have believed that the SEC would have given up such antics from media personalities without consequence. Since early 2021, Musk has mentioned the Dogecoin meme four times on his Twitter. A more detailed history of Elon’s PR can be found in our previous article. Dogecoin was previously valued by traders only for the minimal commission that was charged for the transaction transfer. However, the cryptocurrency market is not static, more interesting variants have appeared and DOGE has become not very interesting. However, they pump it regularly. One of the developers of the project openly declares that he is shocked by the growth of the coin, because it has no technical purpose. In fact, the coin would have been in the top 1,000 list of cryptocurrencies long ago, but the clever Elon decided that he would pump it whenever he wanted. In the end, the charges are well-deserved, so we’ll keep an eye on things. Continue reading “News of the week. Friday, February 26th”

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FUD and FOMO – what is it?

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The financial market is driven by people who are responsible for the processes within it. All trafficking is carried out exclusively by people. Of course, there are various programs, robots, bots for trade (such as RevenueBot), but they are all run again by people. Trading is not for the faint of heart, but requires strong emotional resilience to avoid unnecessary losses. However, not every market participant can boast of this quality. This is especially the case with newcomers to the market: they make transactions by at the call of the heart, with the help of a sixth sense, the sign from above prophesied and so on. Emotions are a big obstacle to trade and it has a name – FUD and FOMO. What these terms are and how to understand what you fall into their category – let us discuss in this article. Continue reading “FUD and FOMO – what is it?”

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Ripple: what is the future of the project?

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The year 2020 was not very enjoyable for everyone, waiting for its early end. By the end of the year, however, Ripple was the one company most affected. As it happens, the Securities and Exchange Commission (SEC) is suing the company. They allegedly sold securities disguised as XRP tokens for seven years. How Ripple did it, for so long, is not clear to anyone. But since the SEC is the US government regulator (whom most of the community’s crypto does not like), Ripple’s excuse will take a long time.

I suggest you figure out what’s going on.

Continue reading “Ripple: what is the future of the project?”

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Pump and Dump

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The crypto market differs from the traditional, mostly, only volatility, and the lack of regulation from the state, of course. It is this volatility that prevents many new faces from entering the crypto market. The high volatility of the asset suggests that you can make very fast money on it, but faster still lose everything. Therefore, beginners in trade, who had no practice in the traditional market, on arrival in the crypt and plum of the first deposit begin to tell that cryptocurrency is «bubble», all tricked, dumped, etc. 

Continue reading “Pump and Dump”

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Binance Announces Partnership with BAM to Launch US Exchange

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Binance announced its partnership with BAM Trading Services Inc. and began preparations for the launch of trade services for users from the United States. Binance will license advanced engine and wallet technology to its BAM partner to launch Binance US. This occurred against the backdrop of the FinCEN registration on June 11, 2019.

“We are pleased to finally launch Binance US and bring the safety, speed and liquidity of Binance.com to North America, said CZ (Changpeng Zhao), CEO of Binance. – Binance US will lead our local BAM partner. It will serve the US market in full compliance with regulatory requirements.”

BAM Trading Services will support the launch of Binance US with a focus on trading basic cryptocurrency with liquidity.

“We are honored to work with Binance to launch Binance in the United States, using its security and first-rate technology, said BAM Trading Services. – We strive to provide a secure platform, consistent with regulation, and give a start to a fruitful alliance with Binance”.

Further details will be provided at a later date.

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