Big Short Michael Burry Questions Tesla Bitcoin Bet, Dogecoin Bubble

[Bitcoin]

Big Short Michael Burry Questions Tesla Bitcoin Bet, Dogecoin Bubble

Binance Holdings Limited, the world's largest cryptocurrency exchange conceived of an elaborate corporate structure designed to intentionally deceive regulators and surreptitiously profit from crypto investors in the United States, according to a document thought to be created by a senior executive and obtained by Forbes . Cayman Islands-based Binance is currently responsible for about $10 billion in total crypto trades per day and its founder and CEO Changpeng "CZ" Zhao is one of the few known cryptocurrency billionaires.

In a June 2019 tweet he wrote that VPNs are "a necessity, not optional." Notably, the document explicitly calls for the "strategic" use of virtual private networks (VPNs) that obscure traders' locations as a way to evade regulatory scrutiny by the SEC and the NYDFS. In addition to a guide to using VPN's on Binance's website, CZ has in multiple instances advocated for VPN use as a way to obscure a user's location.



Burry, whose billion-dollar bet on a US housing-market collapse was chronicled in Michael Lewis' book "The Big Short," revealed he was short Tesla in December. He poked fun at Tesla CEO Elon Musk and the fact his company's stock price has moved in tandem with Bitcoin in another tweet Monday.

For example: distribution of one token, if you are a hodler of one of the required cryptocurrencies; distributions for birthdays of binance or various binance products; distributions for trading volumes in certain pairs; listings of new cryptocurrencies; staking and pharming at favorable interest rates; survey awards and more. In addition to launchpools and launchpads, various contests and airdrops are held for binance almost every day.

Discounts on trading commissions in case of new registration, from 10 to 35% for life. In addition, you can get a discount on the trading commission even if you already have a binance account without a discount. In the long term, this saves a huge amount of your funds. The main thing is not to use referral links between your accounts this is prohibited and can lead to blocking and loss of funds. Binance meets its customers halfway and, unlike other crypto-exchanges, allows you to have an unlimited number of accounts in your name.

In 2020, KuCoin was also the target of a hack, where $150 million was stolen. KuCoin responded promptly, recovering a large portions of the stolen funds, and the remainder was covered under their insurance policy. They even have dedicated internal risk control departments to oversee all transactions on a daily basis. KuCoin's users did not suffer any losses in this cybersecurity breach. KuCoin adopts multiple layers of security measures to ensure their customers' funds are protected, such as micro-withdrawal wallets, industry-level multilayer encryption and dynamic multi-factor authentication.

BNB is not just a technical token of the exchange for the sake of reducing fees. And on the basis of the BSC, any cryptocurrency tokens can and  btc are created. The bnb token is in 3rd place in terms of capitalization in the rating of all world cryptocurrencies, and also, every quarter, binance allocates 20% of its profit buying bnb for it and burning (destroying) it, which creates deflation, constant and steady growth of the token. It is a full-fledged competitor for ADA Cardano, Polkadot and even Ethereum, since binance is built on its own BSC blockchain smart chain binance. And a little about the Binance crypto exchange token bnb.

The easiest way is to simply buy and hold KuCoin's token (KCS). KuCoin also has options to earn interest on your crypto while it's held on the exchange. If you have at least 6 KCS, you will automatically earn interest daily,  bitcoin at an estimated APR of 22%.

Unfortunately, pressure from regulatory bodies in different countries, the exchange was forced to introduce forced intermediate verification (KYC) or identity verification, but even such measures did not move binance one iota from the leading mark. Binance, the world's leading cryptocurrency exchange, started its activity only 4 years ago (in 2017) and has already reached the top of this direction and has influence over more than 50% of the entire cryptocurrency, centralized industry.

Most NFTs will see a wide-range of use cases beyond its aesthetical looks. Commenting on the development Martha Zhang, Founder of StarryNift said "The NFT market will continue to grow and expand in 2022. The amount of innovation in the NFT space is expected to be the most influential and impactful, becoming the next "blockchain killer", after Bitcoin." These includes financial and  Binance DAO mechanisms that will most likely be discussed and introduced into the blockchain economy, providing more utility to meet the needs of participants.

Even though the trading fee is very low, if you do not already own cryptocurrency, you need to pay a high percentage fee to buy your coins before you can trade. So although the trading fees are only 0.1%, you cannot buy Bitcoin with USD for only 0.1%. To buy crypto directly using fiat currency on KuCoin, there is a fee ranging from 3% - 12% based on payment method and payment channel. Note that the trading fee on KuCoin applies to crypto-to-crpyto trading only, as you cannot use fiat on the market.

Source: Big Short Michael Burry Questions Tesla Bitcoin Bet, Dogecoin Bubble

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