Exchanges

What Happened: Major crypto exchanges Binance and FTX moved to abandon the high levels of leverage trading offered on their platforms. In a series of tweets on Sunday, FTX CEO Sam Bankman-Fried announced that it was time to move on from leverage trading. “Today, we're removing high...

Binance, the world’s largest crypto exchange by trading volume, has been running into trouble with regulators across the globe. What Happened: However, the exchange’s issues with securities regulators may have benefitted its more compliant competitors, who have reported an influx...

Bitcoin (CRYPTO: BTC) is severely undervalued compared to the Bitcoin stock-to-flow (S2F) model, data shows. What Happened: According to Glassnode, when BTC price dipped under $30,000 on Tuesday, it was only at about 0.27 of the value that it was estimated to have...

According to Patrick Heusser — head of trading at asset manager Crypto Finance — Bitcoin's (CRYPTO: BTC) fall below $30,000 is just the beginning of another major correction for the world's top cryptocurrency. What Happened: According to Fortune, Heusser told the...

A vast majority of institutional investors expect to invest in or buy cryptocurrencies in the future, despite the market's high volatility standing in the way of new entrants. What Happened: According to Reuters, seven out of ten institutional investors expect to gain exposure to crypto...

Soon-to-be publicly traded stock and crypto brokerage app Robinhood expects its upcoming quarterly revenue to be lower than previous quarters. What Happened: According to a recently amended Form S-1, Robinhood noted its trading activity during the first two months of 2021 was “particularly...

What Happened: On-chain data revealed that some of the wealthiest Bitcoin addresses recently added more BTC to their existing, already sizeable, holdings. According to Bitinfocharts, 29,800 Bitcoins (CRYPTO: BTC) worth over $923 million were purchased over the weekend. The 18 buyers already...

What Happened: Gemini, the crypto exchange led by Cameron and Tyler Winklevoss, anticipates it will surpass Binance to become the largest crypto exchange by volume. This is despite the fact that Binance’s daily spot trading volume currently exceeds Gemini’s by over 100 times,...

Prosecutor General of the Russian Foundation Igor Krasnov told conference attendees on Wednesday that the country was working on legislation to confiscate cryptocurrency that has been obtained as a result of a crime. What Happened: According to a report from Tass, Krasnov told fellow head...

Claudio Oliveira, former head of Brazil-based crypto brokerage firm Bitcoin Banco Group, was arrested on Monday for embezzling $300 million worth of investors’ funds. What Happened: According to a press release from Brazil’s federal police, authorities issued arrest warrants for...

KuCoin Token (CRYPTO: KCS) saw a steep price increase following a slew of announcements made on Twitter, including a soccer-themed giveaway. What Happened: According to CoinMarketCap data, KuCoin Token's value increased by nearly 53% from its 24-hour low of $7.66 to a high...

What Happened: Coinhako, a Singapore-based cryptocurrency exchange, announced a 500% increase in trading volume in the first five months of 2021, according to a report from Forkast. The trading venue, which is backed by high-profile investors like Tim Draper and Boost VC, is reportedly considering...

What Happened: American footballer Tom Brady and his wife, supermodel Gisele Bündchen have taken an equity stake in crypto exchange FTX according to a press release shared by the exchange. “Tom and Gisele are both legends and they both reached the pinnacle of what they do,”...

Cryptocurrency staking platform StakeHound has filed a lawsuit against crypto custodian Fireblocks, alleging that the latter was responsible for losing $75 million worth of Ethereum (CRYPTO: ETH). What Happened: According to documents obtained by Calcalist, the suit filed at the Tel Aviv District...

Kraken’s Chief Executive is reportedly reconsidering the direct listing approach to take the crypto exchange public. What Happened: Jesse Powell, who co-founded Kraken in 2013 and acts as the exchange’s CEO, told Fortune on Thursday that an IPO now seems like a more...