Adoption
Singapore’s Bybit offers record $150M sponsorship to Red Bull’s Formula 1 team
The $150 million three-year deal is the largest crypto related-sponsorship for traditional sports in the world so far.
Assad Jafri 2 min read
Exchanges News
Read crypto exchange news, listing updates, security incidents, trading volume shifts, and platform strategy across global markets.
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Exchanges
After hitting a marketing home run, Coinbase bolsters its employee ranks
Crypto exchange Coinbase is not being shy about gearing up to roll out new products and scale its existing offering.
Exchanges
Binance ditches the “Binance” in Binance Smart Chain
In a move that suggests that Binance no longer wants to be directly associated with the BSC blockchain, Binance is removing the “Binance” from the BSC acronym, renaming the blockchain BNB chain.
Latest Exchanges News & Analysis
Hacks
Build Finance DAO hostile takeover, treasury drained
The Treasury of the Build Finance DAO appears to have been completely drained after a hostile takeover of the DAO governance by an attacker voting himself into power.
Culture
Coinbase’s Super Bowl QR code, site crash, scammy codes
Few, at least in the U.S, missed Coinbase's Super Bowl commercial featuring a QR code bouncing around the screen. The ad was so successful it forced Coinbase to throttle the site not to overwhelm it. But QR codes are also highly criticized.
Adoption
Binance ventures into mainstream media with a $200 million stake in Forbes
Forbes magazine announced a $200 million strategic investment from the world’s largest cryptocurrency exchange.
Culture
11 years ago today, Bitcoin reached $1
This day 11 years ago, bitcoin reached parity with the U.S. dollar. Those who were fortunate, or clever, enough to buy bitcoin at $1, and managed to HODL on to it, have made a handsome profit since.
Exchanges
Only 6 of 18 exchanges have fully adopted Bitcoin SegWit update
An investigation by Glassnode shows that merely 6 out of 18 crypto exchanges have fully adopted the SegWit Bitcoin update activated back in 2017. As exchanges are the biggest consumers of Bitcoin blockspace, SegWit adoption by exchanges is important.
Derivatives
Derivative markets hit an ATH in market share in January, as spot volumes fall 30.2%
Last month, crypto spot trading volumes fell to the lowest levels since December 2020.
