In this video, we’ll be discussing recent regulatory issues with Binance, a well-respected crypto exchange. We’ll examine news about Binance and whether it’s still trustworthy, including a dip in its stablecoin, BUSD. We’ll review a tweet from Cz, the head of Binance, and discuss the importance of using cold storage solutions to keep crypto funds safe. We’ll also provide insights on the lawsuit between the US SEC and Paxos.
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Timestamps:
0:00 Intro
0:39 BUSD Market Overview
1:11 Why did BUSD Dip?
2:28 CZ’s Summary
3:33 SEC VS Paxos
4:14 BUSD a security?
5:55 Circle USDC Complaint
6:36 Understanding BUSD
7:25 Conclusion
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Please remember and understand that all of these videos are strictly opinion pieces. Everyone has different opinions and approaches to the market and we always advocate for doing your own research. This is NOT financial advice, all decisions you make, whether based off this video or not are at your OWN risk.
#Binance #BUSD #bitcoin