Category: Exchanges

Market Cap of Exchange-Issued Tokens Surpasses $43 Billion, Binance’s BNB Token Surges 150%

Buoyed by bitcoin’s recent spike, altcoins including exchange-issued tokens recently made significant gains, while several of these crypto-assets went on to set new all-time highs (ATH). According to Messari data, Binance is leading the pack in this category, after its token went up by more than 150% from $47 on February 1 to an ATH…

February 11, 2021
Apple Well Positioned to Offer Crypto Trading — Analyst Says Company Should Hold Bitcoin in Treasury

Apple Inc. is well positioned to offer cryptocurrency trading, according to an analyst with global investment bank RBC Capital Markets. Not only will Apple gain instant market share in the crypto space, but the move could also generate the Iphone maker well over $40 billion in annual revenue. In addition, the analyst says that Apple…

February 11, 2021
Major Malaysian Bank Kenanga Acquires 19% Stake in a Crypto Exchange

One of Malaysia’s top investment banks has bought a 19% stake in a local crypto exchange via its private equity arm. The Kenanga Investment Bank announced its inception into the crypto business by investing in Tokenize Xchange. Tokenize Xchange Is One of the Three Malaysian Licensed Crypto Exchanges Per the official announcement, the bank made…

February 11, 2021
How a Lawsuit Against the IRS Is Trying to Expand Privacy for Crypto Users

Why is the IRS trying to keep this case out of court? Because it may have widespread implications for privacy laws involving cryptocurrency users if the IRS loses.

February 9, 2021
Indian Crypto Exchanges Flooded With INR Deposits and New Users After Elon Musk’s Tesla Revealed Bitcoin Purchase

Indian crypto exchanges have been experiencing a flood of INR deposits and surging trading volumes since it was revealed that Elon Musk’s Tesla purchased $1.5 billion worth of bitcoin. The positive sentiment swept the Indian crypto industry despite the uncertainty of the cryptocurrency bill that may soon be introduced in parliament. INR Deposits and Trading…

February 9, 2021
A 1,000 ETH trade via DEX aggregators can now give lower slippage than Coinbase

Decentralized exchanges (DEX) seem to have technically met the trading experience offered by popular, high-profile crypto exchanges. DEXs to the rescue Thinking of trading a high amount of large-cap crypto? A decentralized exchange (DEX) might be a better bet than using the “centralized” alternative if slippage is a concern. DEXs, as they are popularly known,…

February 8, 2021
Indian Exchanges Launch Campaign Seeking to Avert Potential Crypto Ban

The exchanges have set up websites helping supporters email members of parliament.

February 5, 2021
Polkadot (DOT) price breaks new all-time high ahead of ETP launch

The price of Polkadot (DOT) reached a new all-time high of $21.13 ahead of the first DOT-based exchange-traded product (ETP) going live tomorrow. Polkadot is a blockchain-focused on interoperability, transactional scalability, and ease of innovation. It is built on an open-source protocol and offers a sophisticated governance system where all stakeholders can vote for new…

February 3, 2021
River Rolls Out Mobile App For Bitcoin Investment

Bitcoin-only exchange River Financial today announced that it is launching a mobile app on iOS. This has been the number-one requested feature from its growing user base, the River team explained to Bitcoin Magazine, and it comes in the midst of a bitcoin price bull run that began in March 2020. “We have seen tremendous…

February 3, 2021
Robinhood’s IPO is reportedly on hold following GameStop drama

Anonymous sources inside digital exchange Robinhood said that its plans for initial public offering (IPO) have been put on hold amid the fallout of the GameStop saga, according to Fox Business Network senior correspondent Charles Gasparino. SCOOP: Ppl inside @RobinhoodApp tell @FoxBusiness plans for an IPO are on hold to focus on surviving the current…

February 3, 2021