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Showing posts from July, 2021

Crypto exchange Binance stops selling digital versions of stocks like Tesla and Apple as regulators circle

Binance stated today that it is putting an end to its stock token product. This comes a day after Italian regulators joined a string of financial watchdogs to crack down on the platform. Binance stated on its website, “Effective immediately, stock tokens are unavailable for purchase on , and will no longer support any stock tokens after 2021-10-14 19:55 (UTC).” The exchange also added that it would shift its commercial focus to other product offerings. Why Binance took the decision The stock token offering was introduced by the cryptocurrency exchange in April. It allowed customers to buy fractions of shares in companies. The platform started with Tesla stock and then Coinbase, MicroStrategy, Microsoft and Apple were added shortly after. It has been facing a lot of regulatory issues of late. The exchanges latest battle with financial watchdogs comes from Italy. Italy’s market regulator stated yesterday that it was not authorized to provide investment services and acti

Lessons to learn from the fall of Bitcoin price – The future of investing

Recently there has been a decline in the price of bitcoin and Altcoins. The price of bitcoin dropped from $63K to around $30k. This dip has left a lot of people confused about the fate of cryptocurrency. Before the bear run, people were rushing into the crypto market and lots of newbies were interested in learning how to buy bitcoin. But the narrative has changed. People have said lots of things about cryptocurrencies on social media. Some said it looks like it is over for bitcoin, while others are predicting the price of bitcoin to fall to $10,000. With all these being said, is this the end for bitcoin and every other cryptocurrency? Is there room for cryptocurrency in the future? What lessons have we learned from the decline in price? Bitcoin is unregulated and the price is controlled by the forces of demand and supply. Whenever the price goes up, it means the demand for it is increased thereby causing an increase in the price. People can’t keep buying without selling, they will want