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Coinbase Tells Judge That Buying Crypto Is Like Collecting 'Beanie Babies,' SEC Says It's An Investment
Friday, January 19, 2024 - 12:38am | 797In a recent court hearing, a lawyer representing Coinbase Global Inc (NASDAQ:COIN) compared buying cryptocurrencies to collecting Beanie Babies, a popular toy from the 1990s. The lawyer argued that buying crypto tokens doesn’t grant the buyer any rights, unlike traditional securities. The...
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Jim Chanos Compares Bitcoin To Beanie Babies: 'It's A Speculative Mania'
Thursday, December 14, 2017 - 12:08pm | 470As far as Jim Chanos is concerned, his hedge fund is different than most. Kynikos investments come not from the budding minds of rookies but from the time-tested partners, themselves. That’s because “the process is not only analytical … there’s pattern recognition, and that...