Investing in the Cryptocurrency Market: Two Reliable Options

29 September 2021 | Updated: 29 September 2021

As the cryptocurrency industry continues to add new coins daily, it has become increasingly tough to choose a good investment crypto option. While all crypto assets are good speculative vehicles, not all are suitable for long-term investment.

In this article, we’ll take a brief foray into two of the most reliable crypto-assets in the industry; Binance Coin (BNB) and Uniswap (UNI).

Binance Coin

Binance, the host platform of BNB, is the largest crypto marketplace in the world today. That said, investing in Binance Coin is similar to investing in the stock of Binance. Sitting at the number three spot on the top cryptocurrency rankings, BNB has recorded a meteoric rise over the past few months, thanks to the groundbreaking performance of the exchange.

Also, Binance Coin sometimes functions like an “in-game currency” that rewards users with better price deals on their transactions when they pay with BNB. This bestows the token with a kind of real-money value and also serves as a “lock-in” for traders using the platform.

Despite having suffered a barrage of a clampdown from regulatory authorities across the globe, Binance continues to adjust to the climate and forge ahead. The company has even shown that it is prepared to disrupt its operations to maintain its competitive and leading advantage, making it a reliable investment vehicle.

An example of such disruption occurred after the advent of decentralized exchanges (DEX), which threatens its business model. The behemoth crypto company swiftly launched the Binance Smart Chain (BSC), allowing developers to create decentralized new projects and facilitate fast and cheap transactions, to retain market relevance.

With these points, you begin to grasp why BNB is a mainstay investment vehicle in this rapidly evolving industry.

Uniswap

Uniswap is arguably the best-performing decentralized trading protocol (DEX), despite its relatively late entry into the space. Uniswap serves as a reliable medium for users to “swap” one token for another in a truly decentralized fashion, compared to centralized exchanges like Binance.

The launch of Uniswap V3 in May opened the doors to better lending operations for Lending Partners (market makers). Since this launch, Uniswap has grown from 1.6 million users to over 2.7 million users in four months.

Cryptocurrency Market Volatile: A Fundamental Concern

One salient principle to follow when investing is to scout for a product that solves a real-world problem and dominates its peers. Uniswap and Binance Coin fulfill both requirements.

Nonetheless, investors should anticipate and take safety measures against erratic volatility swings, which occur regularly in the crypto industry. Uniswap is an even guiltier party to this market action.

 

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Binance Comes Under Investigation from CFTC Over Market Manipulation

19 September 2021 | Updated: 19 September 2021

Binance continues to fall on the wrong side with regulatory authorities across the globe, despite increased efforts to be of best practice. Reports show that US authorities are probing the behemoth cryptocurrency exchange for insider trading and market manipulation.

While this new probe comes from the Commodity Futures Trading Commission (CFTC), the Justice Department (DOJ) and the Internal Revenue Service (IRS) both have investigations on separate issues against Binance.

Bloomberg reported on Friday that US regulatory authorities are investigating Binance for possible insider trading and market manipulation to determine whether the company or its staff profits at the expense of its customers. Commenting on the issue, Binance noted that:

“At Binance, we have a zero-tolerance policy for insider trading and a strict ethical code related to any type of behavior that could have a negative impact on our customers or industry.”

Bloomberg’s report also revealed that Commodity Futures Trading Commission investigators have reached out to several potential witnesses over the last few weeks. The CFTC already has a pending probe investigating whether Binance allows US residents to buy or sell Bitcoin-linked derivatives and order crypto derivatives, which the body deems illegal considering that Binance has not registered with it.

DOJ and IRS Investigate Binance Over Money Laundering and Tax Invasion

Meanwhile, Bloomberg reported that the US Department of Justice and the Internal Revenue Service recently launched separate criminal investigations to ascertain if the giant exchange serves as a conduit for money laundering and tax evasion.

That said, the firm has no solid accusation of wrongdoing, and these investigations may not lead to any legal or official actions.

More and more regulators across the globe continue to issue warnings against Binance for illegal operations in their jurisdictions. These include regulators in the UK, Japan, Thailand, Malaysia, Hong Kong, Singapore, Netherlands, Germany, Lithuania, and South Africa.

 

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Binance Gets Warning from Bank of Lithuania Amongst Others

16 July 2021 | Updated: 17 July 2021

The Bank of Lithuania, the central bank of Lithuania, has joined the growing list of regulatory authorities to clamp down on Binance, the world’s largest cryptocurrency exchange.

The bank recently issued a warning to Binance UAB about its unlicensed investment services provided in Lithuania. The bank also “ordered the company to ensure that its publicly available information is not misleading.”

The apex bank noted that it has evaluated publicly available data and discovered that Binance is “acting as a virtual currency exchange operator and a custodian virtual currency wallet operator” in Lithuania. The bank detailed that:

“The Bank of Lithuania addressed Binance UAB … and warned the company about its unlicensed investment services provided in Lithuania as well as requested it to ensure that its publicly available information complies with legal requirements and is not misleading.”

Additionally, the bank also noted that “crypto-asset related services are not regulated or supervised thus consumers risk losing all their investments.”

Binance Under Fire from Multiple Regulatory Bodies

The Bank of Lithuania added that some online cryptocurrency exchanges allow their users to invest in crypto derivatives (such as futures and options), contracts for difference (CFD), cryptocurrency-linked securities. The bank asserted that these get treated as financial instruments, and the platforms offering them should have received licenses as financial service providers.

However, the bank noted that: “Companies that are registered in Lithuania as virtual currency exchange operators are not supervised as financial service providers,” adding that:

“They also have no right to provide any financial services, including investment services.”

Meanwhile, Italy issued a similar warning to Binance on Monday. Regulators in the UK, Japan, Cayman Islands, and Thailand have also issued warning notices to the crypto exchange. As a counter, Binance has suspended GBP withdrawals and EUR deposits through SEPA bank transfers.

 

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Binance and Crypto Industry Come Under Immense Regulatory Concerns

15 July 2021 | Updated: 15 July 2021

As Binance comes under regulatory pressure, the cryptocurrency industry took a plunge on Thursday as regulation concerns across the world intensified. At press time, Bitcoin and Ethereum are both down by 4%, as the entire market bleeds.

Earlier today, Italian market watchdog Consob stated that Binance, the world’s largest cryptocurrency exchange by spot trading volume, was not an authorized entity in Italy and should not carry out activities in the country.

The watchdog added that in June, the uncontrolled proliferation of cryptocurrencies was a source of concern and worry, warning citizens to “adopt the utmost care” when engaging with crypto assets.

Binance not Phased by the Consob Saga

However, a Binance spokesperson explained to Reuters that the exchange’s website did not operate out of Italy and that the Consob saga had no direct impact on its business.

Meanwhile, cell phone company T-Mobile currently faces a new lawsuit after it allegedly failed to safeguard against a SIM swap scam that led to the loss of $55k in Bitcoin for one customer.

Plaintiff Richard Harris noted that T-Mobile’s misconduct included its inability to effectively protect customer information and employ adequate support staff.

In other news, France proposed recently that European Union governments should empower pan-European markets watchdog, the Paris-based European Securities and Markets Authority (ESMA), instead of traditional regulators.

The French markets regulator has equally demanded that the ESMA be bestowed with more authority to regulate the crypto industry.

Emirates NBD, the largest bank in Dubai, has warned its customers against investing in Bitcoin or other digital currencies, noting that they are too volatile.

In an interview with Arabian Business, Georgio Borelli, the Emirates NBD’s head of asset allocation noted that:

“This high level of volatility will have to subside substantially for cryptocurrencies to be universally accepted in our society, for portfolio managers to accept cryptocurrencies in their portfolios and for investors, in general, to be able to ascribe a fair value to them.”

 

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Perfect Crypto Investment Strategies – Part 1

15 June 2021 | Updated: 18 June 2021

A LONG-TERM CRYPTO INVESTMENT STRATEGY

“…Cryptoassets were the biggest institutional revolution since the Industrial Revolution and they represented the investment of a lifetime.” – Van K. Tharp, PhD

What is the idea? What crypto coins should you buy?

For instance, you may want to invest in popular DeFi tokens.

According to John Hargrave, for the vast majority of DeFi projects, the layer is Ethereum. As he’s said again and again, the easiest way to invest in DeFi is to just buy and hold Ether. It’s the foundation of DeFi, and it’s the foundation of a smart DeFi investment portfolio.

Nonetheless, popular DeFi coins serve unique purposes and they can deliver great returns in future. So you may not want to restrict your opportunities to ETH only. Yes, there are tremendous opportunities to make money from other coins.

One of the DeFi tokens that stands out is Uniswap (UNI), created by Hayden Adams in November 2018. From September 2020 to May 2021, UNIUSD rose from $4 to $44. But that is just the beginning, for price is bound to rise from here, following the recent large bearish correction. Uniswap facilitates automated transactions between cryptocurrency tokens on the Ethereum blockchain through the use of smart contract. In 40 years to this time, UNIUSD would be worth at least, $400,000.

This is just one of the numerous examples. You need to pinpoint cryptos whose value will go upwards exponentially in future.


FINDING THE NEXT UNICORN
Buy all the top 100 crypto coins.

Look at the top 100 coins. They are the 100 biggest coins in the world by market capitalization. That means they are currently popular, and it also means a lot of people have invested in them.

Most top 100 coins are promising, having excellent purposes and bright future.

Depending on your financial status, you can invest $1000 in each coin, making a total of $100,000.

Or you can invest $100 USD in each coin (a total of $10,000), or you can invest $10 in each coin (a total of $1000).

Then hold the coins forever.

No matter how expensive a coin is, like Yearn. Finance (FI) which is currently around $39,658, but which once reached a high of $90,000. Buy it.

No matter how cheap a coin is, like SHIBA INU (SHIB) which is currently around $0.000007151, but which once reached a high of $$0.000040151. Buy it.

THE ULTIMATE FATE OF THE TOP 100 COINS
Some coins will become crashing failures, and some coins will become roaring successes. Some coins will perform above expectations and some will perform below expectations. Some coins will neither make money significantly nor lose money significantly.

Within 2 years or 5 years or 10 years or 20 years, some of the coins that are currently in the top 100 would have been pushed out of the top 100, and some would remain within the top 100. Some which are below the top 50 or the top 80 would have been pushed up to the top 10.

By then, some currently unpopular coins would have become household names, and extremely successful.

On the other hand, some coins would have disappeared or become totally worthless or useless/seriously unpopular. That will also happen.

However, the coins that make money will by far, compensate for the losses you have on the coins that eventually prove worthless. The colossal gains you would make from the successful coins will make your losses on the eventually useless coins to pale into insignificance.

How viable is this investment idea?
A CASE STUDY IN STOCK MARKETS
James Altucher recently released an investment newsletter in which he mentions this:

Make a serious research to identify an industry with exponential growth; then buy many (if not most) stocks in the industry.

Since a man named Gordon Moore declared that computing power would double every 2 years, that prediction has proven to be correct, even 56 years later.

What did that mean if you were alive then? It means you could invest in computer companies.

For you to understand, please let me quote Altucher directly:

“Let’s say, from 1970 to 1990 you put just $1,000 into each of the next 100 computer companies to go public. And then you ignored them until today.

Which means you would invest $100,000 in total ($1,000 into 100 companies).

Many computer companies went bankrupt during this time. Do you remember Eagle Computer. Or Commodore?

Or the ElectroData Corporation? How could you forget the one-time third-largest computer manufacturer? The maker of the DataTron 203 that shipped for a price as cheap as $125,000. It weighed 3,175 pounds and had about 4k of memory.

Many companies went bankrupt. But how could that be if the computer industry was growing exponentially??

Let’s say that out of the 100 companies you invested in and forgot until this moment, 98 went bankrupt. Let’s say only Microsoft and Intel survived. The real facts are that many more than 2 of the 100 survived, but this is an extreme example.

So out of your $100,000 invested, $98,000 went down the drain. Only 2 companies, or $2,000 of your investment survived. That sucks, right?

Wrong! If you had done this strategy, you would have $3,500,000 today. In fact, you would have a lot more because many more than just two companies survived. But again, I use this as an extreme.

If you invest now in an exponentially growing industry, even if you invest small amounts, you will make an enormous amount of money. This is no joke.

But, you might say, “An industry like computers only happens once every 50 years.”

Because of the rise of the computer industry, computers now create exponential industries. There are many exponentially growing industries.” (Source: Jamesaltucher.com)

TIME TO GET RICH SLOWLY
You can see that the crypto investment strategy explained in this text works in any major industry with potentially exponential growth. It has proven to work in stock markets, crypto industry, etc.

Let’s take a factual, real example. I invested $200 in 2 coins ($100 for each coin), and less than 3 years later, one coin has gained over $11,700 for me; while the value of the invested $100 on the other coin has depreciated to $26.

“If you invest in crypto, then expect to live with huge volatility. No major institutions that I know of, however, have sold off their crypto investments,” says Dr. Van Tharp.

My $200 investment was then worth $11,726. Was that bad?

Actually you cannot lose more than what you have invested in a coin, but you can really gain more than what you have invested. Even that $74 depreciation on the second coin wasn’t a real life loss unless I cashed it out.

That is the beauty of crypto investment. Good, viable coins will eventually go up, irrespective of crypto winters and storms along the way.

I am a living witness to this truth as I myself began to get my feet wet in the crypto industry years ago. Some coins like BNB and ADA have paid handsomely, while some coins like ATB and ETN have become failures. Some coins like XRP and TRX have neither made serious money nor lost serious money.

Ultimately, you will be richly rewarded by the cryptos that make money.

CONCLUSION
This investment idea is great if you buy and hold forever. That is the best way to make money. Nonetheless, there is a killer short-term crypto investment strategy that will be revealed in the next article in this series.

That strategy enables you to make money by taking short-term positions in crypto markets, focusing on the top 100 cryptos only. The accuracy of the strategy is stunning and it is one of the strategies we use to generate signals in our Telegram channels.

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

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An Introductory Guide to Stock Tokens

3 May 2021 | Updated: 3 May 2021

Stock tokens, typically held by Binance, are digital assets that closely track the price action of traditional financial securities, like stocks of publicly traded companies. These tokens are delta-one products backed by physical shares, which means that price movements in the underlying assets are replicated to the tee by the derivative.

Unlike traditional stocks, interested customers can purchase fractions of their desired company stock via stock tokens. For example, Tesla shares(NASDAQ: TSLA) are traded at over $700 per share, however, stock tokens allow users to purchase a piece of the TSLA (say 0.01 shares) instead of purchasing the entire unit.

Additionally, Binance does not charge a commission for stock token transactions, allowing traders to save money. Meanwhile, token holders also receive dividends and other financial perks of holding the real asset. However, token holders do have voting rights.

Stock Tokens Explained
Stock tokens are denominated (e.g MSFT/BUSD), settled, and collateralized in BUSD, which makes profit calculations easier. Meanwhile, stock tokens are cash-settled, which means that physical redemption of the underlying asset is impossible.

These tokens are with collateral retained by a third party, giving every share representative value of the publicly listed company. With this, the price of the token gets pegged to the price of the underlying shares.

Every token is backed and coded by shares held by CM-Equity AG in Germany. CM-Equity AG conferred the acquired crypto assets to a third-party brokerage for safe-keeping. Additionally, CM-Equity AG will monitor all trading activity for compliance purposes.

Requirements to Trade Stock Tokens
Only Binance users with level KYC verification, which includes ID and face verification, can trade stock tokens. In Germany, a minimum of level 3 KYC verification is encouraged.

That said, stock tokens are optimal for Binance users looking to diversify their portfolio beyond cryptocurrency and into other investment markets like the traditional financial markets. Users that cannot access stockbrokers usually find this process to be difficult but can trade stock tokens to gain knowledge and exposure to the traditional financial markets. This investment option is very conducive and flexible and could improve market access to users who cannot afford the full purchase price of shares.

 

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German Regulator Warns Binance of Securities Law Violation Risk with Stock Tokens

29 April 2021 | Updated: 29 April 2021

Some weeks ago, Binance released its commission-free tradable stock tokens to help link the cryptocurrency industry and Wall Street. However, a top German financial regulator, BaFin, has warned that Binance could face heavy fines and scrutiny for offering security tokens without publishing the investor prospectus.

Upon launch, the behemoth exchange announced that it would allow users to trade tokenized Tesla and Coinbase Global stocks against its native stablecoin BUSD. Binance announced again on Monday that it would offer users the ability to trade additional tokenized stocks, including Apple, Microsoft, and MicroStrategy.

The German regulator noted yesterday that there was no prospectus on Binance’s website for Tesla, Coinbase, and MicroStrategy. BaFin specified that the move by Binance went against the European Union securities law and that it could attract a fine of 5 million euros or 3% of the company’s previous year’s turnover.

According to a report by Reuters, BaFin noted that:

“BaFin has grounds to suspect that Binance Germany is selling shares in Germany in the form of ‘share tokens’ without offering the necessary prospectuses. Please bear in mind that securities investments should only ever be carried out based on the necessary information”.

Binance Assures Compliance with Regulatory Requirements
With the latest regulatory issue, Binance has asserted that it intends to comply with any regulatory requirements it faces. In an email to Bloomberg, Binance spokesperson Jessica Jung noted that:

“Binance takes its compliance obligations very seriously and is committed to following local regulator requirements wherever we operate. We will work with regulators to address any questions they may have.”

The company assured that its stock tokens would help investors globally tap into the economic benefits of the stock performance and dividends.

 

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Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Binance Coin (BNBUSD) Price Breaks $254 Price Level Downside, Further Price Decrease Is Possible

26 March 2021 | Updated: 26 March 2021
BNBUSD Price Analysis – March 26

Further price decrease envisage provided the bears increase their pressure and the support level of $196 is penetrated, then, the support level at $142 and $117 may be tested. The breaking up of the $254 price level will expose the coin to $311 and $364 price level.

BNB/USD Market
Key levels:

Supply levels: $254, $311, $364

Demand levels: $196, $142, $117

BNBUSD Long-term Trend: Bearish

On the daily chart, BNBUSD is bearish. The bulls could not continue to hold onto the BNB market when they push the coin to the resistance level at $311. The bears defended the level with the formation of daily bearish candle, following the scenario is the declination of the price towards the support level at $196 price level after it has broken down the former support level of $254.

BNBUSD daily chart, March 26

The coin has crossed the two EMAs downside and it is trading below the 9 periods EMA and the 21 periods EMA while the former is trying to cross the later. This is a sign of increasing bearish momentum. Further price decrease envisage provided the bears increase their pressure and the support level of $196 is penetrated, then, the support level at $142 and $117 may be tested. The breaking up of the $254 price level will expose the coin to $311 and $364 price level. However, the relative strength index period 14 with its signal line is below 50 level pointing up as a sign of buy signal which may be a pullback.

 BNBUSD medium-term Trend: Bearish

BNBUSD is bearish in the 4-hour chart. Last week, the crypto was on ranging movement within $311 and $254 price level. On March 24, the bears push the coin to penetrate the support level at $254 downside and the price is targeting $196 price level.

BNBUSD 4-hour chart, March 26

The price is trading below the 9 periods EMA and 21 periods EMA. The Relative Strength Index period 14 is pointing down at 40 levels indicate a sell signal.

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Binance Employs Former FATF Executives to Bolster Regulatory and Compliance Practices

25 March 2021 | Updated: 26 March 2021

The world’s largest cryptocurrency exchange, Binance, has announced that it will be hiring two former Financial Action Task Force (FATF) members to bolster its compliance and regulatory arm. The latest to the organization are Rick McDonell and Josee Nadeau.

The exchange noted in a press release earlier today that it aims to improve its AML and CFT practices and build a better relationship with law enforcement and regulatory agencies across the globe.

Rick McDonell is the former Financial Action Task Force (FATF) Executive Secretary and Executive Director to the Association of Certified Anti-Money Laundering Specialists (ACAMS). Meanwhile, Josee Nadeau is the former Head of the Canadian delegation to the FATF. Binance noted that their roles in the company would be structured around providing “high-level guidance on the organization’s global compliance and regulatory strategies.”

The company also highlighted that the newly added team members would get tasked with a “key role in supporting Binance’s consultation and liaison with global and national policy and regulatory authorities on issues that affect the global industry to further guide sustainable operation and growth.”

 

Blockchain and Cryptocurrency Industry Now Mainstream
The new enlists commented on the appointment, noting that the cryptocurrency industry and blockchain technology are becoming more mainstream than before, as even traditional financial institutions are justling to get involved with the new technology. That said, the industry requires a more stringent approach to regulations, which is where McDonell and Nadeau come in for Binance to “ensure it has a world-class compliance and risk management program.”

The CEO of the company, Changpeng Zhao, welcomed the new executives to Binance and stated that their combined experience and expertise “will be of immense value to our team as we look to grow Binance and the industry in a sustainable manner.”

The fourth-largest cryptocurrency has been aggressively bullish over the past few months, which resulted in several record highs. According to a recent report, the daily trading volume on Binance futures has exceeded $100 billion, a new all-time high.

 

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CFTC Launches Probe Into Binance on Unregistered Derivatives Sales

12 March 2021 | Updated: 12 March 2021

The world’s largest cryptocurrency exchange, Binance, is reportedly under investigation by the US Commodity Futures Trading Commission (CFTC) for letting residents trade derivatives without having the necessary registration. Although the CEO of the company, Changpeng Zhao, has come out to call the accusation a “FUD,” it didn’t stop the cryptocurrency market from taking the news into account and dropping significantly.

Bloomberg recently reported that the CFTC has opened an investigation to determine if Binance has broken any US rules. More importantly, the Commission is probing the company to ascertain if it allows US citizens to trade cryptocurrency derivatives without properly registering with the organization.

Nonetheless, the recent discovery shows that Binance hadn’t been officially accused of anything yet and that the current investigation could acquit the company.

The CFTC recognizes some crypto assets, such as Bitcoin and Ethereum, as commodities and claims jurisdiction over all futures and other derivatives linked to them.

A Binance spokesperson recently commented that the exchange would assume a “collaborative approach in working with regulators around the world, and we take our compliance obligations very seriously.”

Changpeng Zhao. Source: Google

CZ, the CEO of Binance, noted indirectly on Twitter that “it’s not a bull market without some FUD” and encouraged his followers not to be fazed by the development. FUD is popularly used to acronymize fear, uncertainty, and doubt.

Cryptocurrency Market Witnesses Sharp Drop On the News
Bitcoin and the rest of the cryptocurrency market dropped significantly following the announcement of the probe. The benchmark cryptocurrency dropped sharply by about $1,500 from $56,500 to $55,000.

The exchange’s native coin, Binance Coin, fared even worse on the news. BNB reportedly fell by about 10% under a few minutes.

 

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