FAQs

you have but who you know.”

The cryptocurrency industry is a constantly evolving space with new companies entering the market every day. One of the latest developments is the filing of ETFs (Exchange Traded Funds) by two major companies, Blackrock and Fidelity. This has caused some to raise questions about fairness and the potential for disparity in the market.

Blackrock is the first company to file for an ETF, and they have a SEC ETF approval rate of 575-1, which makes it very likely that they will be approved. If they are, it would create a sharp contrast between their situation and the situation of Grayscale, a company that has been attempting to obtain a Bitcoin ETF for some time but has been denied by the SEC. If Blackrock is approved before Grayscale, Grayscale would not only miss out on being the first to market, they would also miss out on a lot of potential profit. The situation would be even worse if Fidelity was approved before them.

The pros and cons of ETFs are complex and varied, but the issue of fairness is one of the most important ones. Grayscale has been organically accumulating Bitcoin, while Blackrock and Fidelity are issuing IOUs and can be free to short their own ETF. This raises questions about the disadvantages of not being a part of the “club” in terms of gaining access to the SEC. It’s almost like a high school situation, where Grayscale is the student trying to impress the girl but then Blackrock swoops in and takes her away.

The cryptocurrency industry is still waiting to find out what the outcome of the ETF saga will be. While it’s impossible to predict the future, one thing is certain: if Blackrock gets approved, it could be a major setback for Grayscale and a major win for Blackrock. We’ll just have to wait and see what happens.

believe that these exchanges, some of which are billion-dollar companies, can’t find a way to obtain a broker dealer-license, or that the SEC can’t come up with a clear pathway to do so.

The SEC’s statement in late March that “no crypto asset entity is registered with the SEC as a national securities exchange” is a confusing one, considering the number of well-established crypto exchanges in the US, from Gemini to Kraken to Coinbase to Binance. It’s understandable to assume that at least one of these exchanges would have a broker dealer-license. Surprisingly, this is not the case, and Coinbase even claims that the SEC has not provided a pathway for them to activate their own license.

The SEC’s response to Coinbase’s claim is perplexing—Chairman Gensler’s retort that “Crypto firms know exactly how to register, they just don’t want to” doesn’t provide any details on the actual regulatory steps these exchanges could take to become registered. It’s also worth noting that the SEC has yet to outline a clear pathway for crypto firms to register as national securities exchanges.

This lack of clarity from the SEC is concerning, and it’s hard to believe that these exchanges, some of which are billion-dollar companies, haven’t found a way to obtain a broker dealer-license or that the SEC hasn’t created a clear framework for them to do so. It’s also concerning that no exchanges are currently registered as securities exchanges, despite the numerous crypto exchanges operating in the US.

The SEC’s statement in late March that “no crypto asset entity is registered with the SEC as a national securities exchange” is a complex issue, and one that needs to be addressed. The SEC’s response to Coinbase’s claims are concerning, and it’s unclear why the SEC hasn’t provided a pathway for crypto firms to register as national securities exchanges. It’s also confusing why no exchanges are currently registered as securities exchanges, despite the numerous crypto exchanges operating in the US. It is important that the SEC provides clarity on this issue and outlines a clear pathway for crypto firms to become registered as national securities exchanges.

and making us all crazy.

Technical analysis is a powerful tool that many successful traders use to inform their decision-making process. It involves studying past market data and patterns to make predictions about future price movements. While technical analysis can be incredibly accurate, it is not always foolproof.

Many traders on this sub were predicting that the price of altcoins was about to take a sharp dive, but they didn’t give us a heads-up. It would have been a great opportunity for them to prove the accuracy of their predictions and shut down the doubters once and for all. Unfortunately, that didn’t happen, and now many people are feeling the pain of that lost opportunity.

It’s important to remember that no one can predict the future with 100% accuracy, and many times it’s impossible to know what the market will do. People have been making predictions about the future for thousands of years, but it’s impossible to know who will be right in hindsight. While technical analysis can be a useful tool for helping traders make decisions, it can never guarantee success.

That said, there are still ways to use technical analysis to your advantage. By studying past market data and patterns, you can get an idea of where the market may be headed. You can also use technical analysis to identify potential entry and exit points, as well as set stop-loss orders in order to minimize losses if a trade doesn’t turn out as planned.

At the end of the day, it’s important to remember that trading is a risky endeavor and no one can guarantee success. Technical analysis can be a powerful tool for helping traders make informed decisions, but it’s not a magical solution to making money. It’s important to always do your own research and never risk more than you can afford to lose.

In April 2019, Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), gave a speech at MIT in which he promoted Algorand. Gensler stated that Algorand, a blockchain technology created by Turing Award winner Silvio Micali, was capable of creating applications such as Uber and Lift. Gensler’s promotion of Algorand has raised questions about potential conflicts of interest, as Silvio Micali is a former coworker of Gensler’s.

The promotion of Algorand also comes at a time when Gensler has been critical of the cryptocurrency industry. Most notably, Gensler has accused the cryptocurrency exchange Binance US of selling unregistered securities, including Algorand. This has led some to question whether Gensler’s promotion of Algorand was motivated by a personal or financial interest.

Attorney Jeremy Hogan, known for his coverage of the SEC’s case against Ripple, has suggested that Gensler’s promotion of Algorand could be in violation of a law used to sue Kim Kardashian over the Ethereum Max scam. According to Hogan, Gensler could be liable for shilling a security if he was either directly or indirectly paid by a relevant party.

Given that Gensler’s promotion of Algorand was made to a large crowd, and that Algorand is owned by a former coworker of Gensler’s, the potential implications of Gensler’s comments should not be overlooked. It is unclear whether Algorand paid Gensler for his speech, but if they did not, then this could be a moot point.

Algorand has both pros and cons associated with it, and readers can find these discussed in the collapsed comments below. Given the current regulatory climate for cryptocurrencies, it is important to be aware of potential conflicts of interest when it comes to the promotion of certain assets. For now, the public must wait and see if Gensler’s promotion of Algorand turns out to be a conflict of interest or a harmless comment.

. Rinse and repeat

As Bitcoin dominance continues to reach new heights, nearing 50%, it’s clear that something is going on in the crypto market. After being in a range since April 2021, we’ve just broken out of it, and it’s clear why. Alts are getting absolutely decimated. In the last 24 hours, coins like BNB, ADA, Matic, DOT, Sol, Link, Atom, and Algo have dropped by as much as 27%, with some even hitting multi-year lows. Algorand even hit an all-time low.

Meanwhile, Bitcoin and Ethereum only dropped by 2%, showing that the rest of the market is not doing so well. Liquidations have been rampant, with a ton of traders getting hit by this altpocalypse. BTC maxis have been born, and it’s clear that the market is in a bear market, with many traders folding into Bitcoin and Ethereum, while others get tricked into alts through social media advertising scams.

It’s been a tough time for traders, with a lot of portfolios taking a hit. Many have had to take a break from the screen, and it’s understandable that some are frustrated, especially with coins like BNB and Sol getting delisted from Robinhood.

It’s important to understand that this is just a part of the market cycle, and that things will hopefully turn around soon. But for now, it’s best to take a step back, and for those who can, to hold onto their coins until the situation improves.

is a lack of clarity from the SEC and this is further evidence of that.

Coinbase CEO Brian Armstrong recently did an interview with the Wall Street Journal that shed light on the company’s current relationship with the U.S. Securities and Exchange Commission (SEC). In the interview, Armstrong mentioned that when Coinbase initially planned to become a public company, they submitted business plans which outlined their plans for offering staking services, which the SEC now alleges are securities. Armstrong noted that the SEC could always change their mind, but this was an interesting point nonetheless.

The Coinbase CEO also mentioned that the company had held over 30 meetings with regulators and the SEC, where they were questioned about “everything under the sun”. One would expect that the SEC would be well aware of Coinbase’s business actions and future plans. However, Armstrong revealed that he and his team had gained little feedback from the SEC despite essentially begging for regulatory clarity. It was only until recently that the SEC made its presence known.

Armstrong also mentioned that Coinbase holds a broker-dealer license. This license is necessary for a company who wishes to buy/sell securities for themselves or others. Coinbase applied for and obtained this license in order to legally trade in securities, however Armstrong stated that “there is no way to activate it” with the SEC regulators. This furthers the allegations that the SEC has been lacking in providing regulatory clarity to Coinbase.

The interview with the Wall Street Journal provided insight into Coinbase’s current relationship with the SEC and the struggles that the company is facing with navigating the U.S. regulatory landscape. Coinbase has had to go through the necessary steps to gain a broker-dealer license in order to operate legally, however the SEC has yet to provide regulatory clarity. Armstrong and his team have been begging for more feedback from the SEC for some time, but the response has been radio silence until recently. It is still unclear as to what the outcome of the SEC’s recent actions towards Coinbase will be, but it is certainly an issue that the cryptocurrency industry is keeping a close eye on.

man said that

I’ve always been a risk-taker, so when I heard about Bitcoin, I was intrigued. After researching and learning about it, I decided to invest in two coins. Of course, my father was not pleased. He was screaming, “You just ruined your life buying fake money!” No matter how much I tried to explain to him the potential of Bitcoin, he wouldn’t listen. He was convinced it was a pyramid scheme and that I should have bought stocks instead. We haven’t talked since then, but that’s his loss.

I’m confident that Bitcoin will succeed despite the current situation with the SEC. It’s true that there are some “shit coins” out there, but I believe that Bitcoin will prevail. I’m taking a chance and trusting my own judgement, despite what other people say.

Two coins may seem aggressive, but I’m in it for the long haul. It’s my own money and I’m the one who will feel the consequences, good or bad. That’s why it’s important to trust your own judgement. It’s not always easy to do, especially when other people are trying to talk you out of it.

I’m sure I’ll hear plenty of criticism from my family and friends, so it’s best not to bring it up. I’m also going to keep my money to myself and not borrow any from them either.

If you’re thinking of investing in Bitcoin, just remember to stay focused and trust your own judgement. You can buy a better father later!

ing. ​ [Complaint email](https://preview.redd.it/b3hvw9m76g4b1.jpg?width=3264&format=pjpg&auto=webp&s=0ec7f4b7f9c5c2f8d75b8f67d1f1bf9f9b5c7b5d) On the 20th of May, after submitting my passport, I received an email from coinbase stating that they had decided to close my account due to “possible breach of our User Agreement”. ​ [Account closed](https://preview.redd.it/e7l5k6q86g4b1.jpg?width=3264&format=pjpg&auto=webp&s=d4f5dde248f9c9cd1e45d5d2a8b4d82ce16b8c82) This came as a complete shock as I have not done anything illegal or against their User Agreement. There is no appeals process, no customer service reps to talk to, no email replies and no access to my funds. I am posting this in the hope that someone can help me and other coinbase customers in the same situation.

I have been a Coinbase customer since 2016, primarily using the platform to buy cryptocurrency. Until recently, I had never experienced any problems with my account. On May 10th, I encountered a banner message on the Coinbase platform telling me that my account was under review. I assumed this was standard protocol and did not think much of it.

However, two days later on May 12th, I was unable to log in to my account. This is when I started to worry that something was wrong. I called Coinbase’s customer service team daily, but was told that my account was with their review team and that they would only respond via email. Despite this, I never received an email.

Feeling desperate, I emailed Coinbase’s customer service team with pictures of my passport. I also made a complaint that I had not received any communication from them and that I was having a difficult time contacting customer service representatives or receiving replies to my emails.

On May 20th, I received an email from Coinbase stating that they had decided to close my account due to “possible breach of our User Agreement”. This came as a complete shock, as I had done nothing illegal or against their Terms and Conditions. Furthermore, there was no appeals process, no customer service reps to talk to, no email replies and no access to my funds.

Coinbase’s decision to close my account without any reason, warning or access to my funds is extremely concerning. I am posting this in the hope that someone can help me and other Coinbase customers in the same situation. We all have a right to access our funds without any unjustified interference.

that this is a very interesting area of the media and how they are handling the situation between Crypto and the SEC. ​

It’s no secret that recent events between centralized exchanges and the US Securities and Exchange Commission (SEC) have been grabbing headlines in mainstream media. And it’s no surprise that these news outlets have been quick to call Crypto dead, trying to convince their readers to quit investing in it.

The latest news comes from Vox, which released a complete article just to try and convince readers to quit Crypto. It’s easy to see why mainstream media is trying to spin the story as if US regulators can completely kill off Crypto, when in reality there will always be ways to access the Blockchain.

This isn’t the only example of mainstream media trying to kill off Crypto during this bear market. The Economist and Bloomberg have both featured Crypto on the front cover, and although it’s easy to be bearish on Crypto right now, it could be argued that this kind of attention is actually helping to bring Crypto back into the spotlight.

After all, we’ve seen this kind of bearish sentiment before. Back in 2018/19, when the mainstream media was also being bearish on Crypto, it was seen as a sign of a potential bottom. Could history be repeating itself?

It’s certainly an interesting time for Crypto and the media. But one thing’s for sure: no matter what the mainstream media says, Crypto isn’t going anywhere.

the process to **remove USD pairs from the exchange as early as June 13, 2023.**

As a cryptocurrency user, it is important to know the changes taking place in the industry. Recently, the United States Securities and Exchange Commission (SEC) has become increasingly aggressive in their tactics, leading to Binance.US and other companies in the industry becoming targets of their civil claims.

To ensure the safety of customer funds, we are committed to first and foremost protecting our users and have 1:1 reserves for all customer assets. As a result, we are providing prompt notice of changes that will impact the platform.

Starting June 13, 2023, Binance.US will begin transitioning to a crypto-only exchange. All ACH withdrawals, or bank transfers, of USD must be completed by June 13, 2023. Due to the increased volume of withdrawals and weekend bank closures, ACH withdrawals may take longer than usual to process, so we kindly ask that you please be patient.

We are also suspending USD deposits and recurring buy orders today and beginning the process to remove USD pairs from the exchange as early as June 13, 2023.

Our goal is to ensure that customers have the resources necessary to transition their fiat off the exchange while protecting their funds throughout the process. We thank you for your continued support and understanding during this time.