A group of Italian and international investors have filed a class-action suit against major crypto exchange Binance, alleging the firm violated its own rules on futures trading. In a Tuesday announcement, Italy-based legal and consulting firm Lexia Avvocati said it would be taking legal action against Binance to recover damages from trades on the crypto exchange’s futures platform. On behalf of a group of investors, the company and the Swiss Blockchain Consortium allege Binance breached its rules on crypto derivatives trading and did not function properly at certain peak trading times. According to local news outlet Milano Finanza, the lawsuit …

Marshall Wace, a London-based hedge fund giant managing about $55 billion in assets, is reportedly planning a major move into cryptocurrency and blockchain investment. The hedge fund firm is preparing to launch a dedicated portfolio, targeting investments in the digital asset industry, the Financial Times reported on Tuesday. Citing anonymous people familiar with the matter, the report notes that the new initiative will focus on investing in privatelyowned digital finance companies working in areas like blockchain technology and payments systems for digital currencies and stablecoins. It is believed that Marshall Wace’s new digital finance portfolio will be headed by Amit …

Choppy markets have defined the crypto space since Bitcoin (BTC) sold off on April 19, and indecisive markets like these can test the patience and fortitude of even the most dedicated traders and analysts, especially when the incessant calls for a bottom are met with lower lows. While the periods of low trading volume and whipsaw price movements may be the perfect conditions for whale-sized traders to play in, the average investor doesn’t stand a chance, especially with multimillion-dollar funds now beginning to get in on the action. Data shows that instead of day trading and attempting to time the …

Bithumb, a major South Korean cryptocurrency exchange, is moving forward with trading restrictions for its employees by banning its staff from trading on its platform. According to an official Friday announcement, Bithumb will completely ban its employees from buying or selling crypto using a Bithumb account starting this month. The restriction intends to strengthen internal regulations and improve transaction transparency on Bithumb exchange, the company said. As part of the measure, staff members already sent written statements regarding account withdrawals last month. Additionally, the exchange will implement a permanent monitoring system including self-audits and an internal reporting system, the announcement …

While the crypto markets are clearly led by the swings of Bitcoin and Ethereum, outliers are frequent — and identifying them is often what separates the average traders from the great ones. Compared to the gains-fest of the first few months of 2021, June has been a rather bleak time for crypto investors. Digital asset prices were mostly stagnant and massive rallies were rare, leaving traders to do the hard guesswork: Which asset will do better than most others that are either going down or moving sideways? Of many market and social metrics tracked by Cointelegraph Markets Pro platform, one …

The U.S. Financial Industry Regulatory Authority is penalizing Robinhood to the tune of roughly $70 million based on the results of an investigation into the stock and cryptocurrency trading app. In a Wednesday announcement, the Financial Industry Regulatory Authority, or FINRA, said it had ordered Robinhood to pay $57 million in fines to the regulatory body as well as provide roughly $12.6 million in restitution to certain customers. FINRA alleged the trading platform caused “widespread and significant harm” to thousands of users and exhibited “systemic supervisory failures” starting as early as September 2016. “The fine imposed in this matter, the …

There are always two components to each altcoin’s price. One is the coin’s own characteristics: Fundamentals, investor sentiment toward the asset, liquidity and trading volume, among many others. Another powerful factor — the one that often renders any altcoin-specific dynamics irrelevant — is Bitcoin’s performance. Like it or not, when the king of cryptocurrencies soars, there is room for the shabbiest shitcoins to punch way above their weight. When BTC tumbles, even the sturdiest alts can take a proportional hit. It's a question of knowing which is which. Many traders within the crypto markets are relatively unfazed by decreases in …

Many traders entering cryptocurrency markets from traditional finance may look to derivatives as vehicles for price speculation and hedging. There are plenty of choices when it comes to exchanges and instruments; however, traders should consider a few key differences between crypto futures and traditional futures before dipping a toe into this rapidly growing market. Related: 3 things every crypto trader should know about derivatives exchanges Different instruments Traders entering cryptocurrency from the traditional markets will be accustomed to futures contracts with a fixed expiration date. Although fixed expiration contracts can be found in cryptocurrency markets, a significant proportion of crypto …

Senior traders from Galaxy Digital and Alameda Research are predicting the crypto market is set to recover once the recent wave of bad news stories subside. Markets have been in a downturn since mid-May, with Bitcoin (BTC) fluctuating between the low to mid $30K range. Speaking with streaming financial news provider Kitco News on June 24, Jason Urban, co-head of Trading at Galaxy Digital asserted that once the FUD dissipates by the Fall, Bitcoin should reach new highs and “see something north of $70,000 by the end of the year.” Urban used baseball as an analogy, saying that institutional crypto …

Can a stablecoin make Ethereum scalable? Crypto-backed stablecoin Free TON aspires to provide a layer-two solution for Ethereum’s scalability problems. With overloaded Ethereum increasingly choked by slow transaction speeds and widely overinflated gas prices, the Free TON stablecoin will be a “true layer-two solution with immense upside,” TON Labs added. “The application of Free TON’s second layer solution does much to remedy these problems. With the stablecoin, super cheap microtransactions can now be made and in a fraction of the time it would take on the original blockchain.” That in turn opens up a wide variety of new uses, ranging …

The Brazil Stock Exchange, or B3, has launched the trading of another Bitcoin (BTC) exchange-traded fund, marking the growing acceptance of the crypto industry in the country. Brazilian asset manager QR Asset Management started trading its Bitcoin ETF with the ticker QBTC11 on the Sao Paulo-based B3 exchange on Wednesday, Cointelegraph Brasil reported. The listing comes several months after the Brazilian Securities and Exchange Commission approved QR’s Bitcoin ETF in March alongside another crypto-based ETF by Latin American crypto investment firm Hashdex. In contrast to Hashdex’s crypto ETF product, which offers a diversified portfolio to several cryptocurrencies, QR’s ETF product …

Canada’s largest digital asset investment fund manager, 3iQ, is expanding its reach to global investors by listing its public Bitcoin (BTC) fund on a major market in the Middle East. 3iQ rolled out its Bitcoin Fund (QBTC) for trading on Nasdaq Dubai, according to an official statement by the exchange. Trading went live on Wednesday at 10:00 a.m. Dubai time. The new listing marks the emergence of Middle East’s first indexed digital asset-based fund, 3iQ chairman and CEO Frederick Pye previously said. Pye was optimistic about BTC price, predicting a new all-time high in 2021: “I believe that, whether it …