Latest News
Celsius approved to return 72.5% of assets to Custody account holders
Crypto lending
March 22, 2023
Judge Martin Glenn ruled that Celsius’ Custody account holders can receive up to 72.5% of their crypto assets.
Celsius’ litigation expenses exceed $144M
Crypto lending
March 21, 2023
Celsius' legal and advisory expenses have reportedly exceeded the $144M mark.
Coinbase sends petition on staking to SEC
Crypto staking
March 21, 2023
Coinbase submitted an 18-page long staking petition to the SEC following the regulatory agency’s recent settlement with Kraken over its staking services.
Coinbase to cease support for Signet
Crypto exchanges
March 21, 2023
Coinbase announced its plans to drop support for Signet, the digital payments platform of the failed Signature Bank.
OKX to discontinue services for Canadian clients by June
Crypto exchanges
March 20, 2023
OKX will exit the Canadian market by June 22 following issues with the CSA's new regulatory guidelines.
Crypto.com acquires preparatory license from Dubai’s VARA
Crypto exchanges
March 20, 2023
Crypto.com has received the MVP Preparatory License from Dubai’s Virtual Assets Regulatory Authority, bringing it another step closer to securing an operational license from the authorities.
Coinbase considers launching an overseas trading platform
Crypto exchanges
March 17, 2023
Coinbase may launch a new trading platform outside the US following recent crackdowns on crypto firms by US regulators.
Cardano releases Dynamic Peer-To-Peer networking update
Altcoins
March 17, 2023
The Cardano blockchain deployed node version 1.35.6 on the mainnet to enable dynamic peer-to-peer (P2P) networking.
Ethereum’s Shanghai upgrade gets a release date
Ethereum
March 16, 2023
Ethereum developers have chosen April 12 as the target date for releasing the landmark Shanghai upgrade.
SEC Chair claims Proof-of-Stake tokens qualify as securities
Crypto regulation
March 16, 2023
SEC Chairman Gary Gensler reiterated that Proof-of-Stake tokens qualify as securities under the current laws.
FTX wallets transfer $145M in stablecoins to crypto exchanges
Crypto exchanges
March 14, 2023
Three crypto wallets belonging to FTX and Alameda Research have transferred $145M worth of Tether and USD Coin tokens to crypto exchanges.
Binance to stop GBP deposits and withdrawals
Crypto exchanges
March 14, 2023
Binance will suspend deposit and withdrawal facilities for Pound Sterling following issues with its current trading partner Skrill Limited.
Circle appoints Cross River Bank as commercial banking partner
Custody
March 13, 2023
Stablecoin issuer Circle has chosen Cross River Bank as its banking partner after the collapse of Silicon Valley Bank.
Binance to convert $1B worth of IRI funds to native crypto tokens
Crypto exchanges
March 13, 2023
Binance CEO Changpeng Zhao said the exchange will convert nearly $1B worth of Industry Recovery Initiative funds into native crypto assets following recent turmoil in the stablecoin market.
Aave sets stablecoins’ LTV to zero on Avalanche V3
DeFi
March 12, 2023
Aave has set the LTV of certain stablecoins on Avalanche V3 to zero to reduce the volatility risks caused by USDC’s price drop.
Binance and Coinbase halt USDC conversions
Crypto exchanges
March 11, 2023
Crypto exchanges Binance and Coinbase have paused USDC conversions as the stablecoin fails to regain its USD peg.
USDC loses peg as Circle discloses $3.3B exposure to SVB
Custody
March 11, 2023
USD Coin lost its 1:1 peg to the US Dollar after Circle revealed that the firm has a $3.3B exposure to Silicon Valley Bank.
BlockFi holds uninsured funds worth $227M in Silicon Valley Bank
Crypto lending
March 11, 2023
A recent court filing revealed that BlockFi holds $227M worth of non-FDIC insured funds in an MMMF with Silicon Valley Bank
Blockchain.com to halt operations of its asset management subsidiary
Crypto exchanges
March 10, 2023
Blockchain.com will halt operations of its subsidiary, Blockchain.com Asset Management, on account of the prolonged crypto winter.
Aave DAO votes in favor of removing BUSD from V2 lending market
Crypto lending
March 10, 2023
The Aave DAO community approved the proposal to offboard Paxos-issued Binance USD from the Aave V2 Ethereum market.
Decentralized Trading Protocol Vertex Targets Institutional Traders with Transparency
Crypto exchanges
March 9, 2023
Vertex is a new decentralized crypto exchange positioning itself as an alternative to centralized exchanges that have faced greater regulatory scrutiny.
Bybit Launches Debit Card for Crypto Payments
Cards
March 9, 2023
Cryptocurrency exchange Bybit launched a new debit card that will allow users to make payments and withdraw cash using their cryptocurrency holdings.
CFTC Chair asserts Ethereum and Stablecoins are commodities
Crypto regulation
March 9, 2023
CFTC Chair Rostin Behnam said Ethereum and stablecoins are commodities during Wednesday's Senate Agricultural court hearing.
Lido community considers terminating support for Polkadot and Kusama
Crypto staking
March 9, 2023
A recent proposal on Lido's governance forum seeks to end support for staking Polkadot and Kusama tokens.
Celsius processes withdrawals worth $17.7M for custody account holders
Crypto lending
March 9, 2023
Celsius interim CEO Chris Ferraro reported that eligible custody account holders withdrew $17.7M in crypto after the bankrupt lender reopened withdrawals on March 2.
Silvergate Bank to Shut Down Operations and Liquidate
Crypto regulation
March 9, 2023
Silvergate Bank, one of the leading banking partners for cryptocurrency firms, announced on Wednesday, March 8, that it plans to wind down its operations and voluntarily liquidate. Its wind-down and liquidation plan includes full repayment of all deposits
Binance.US wins court approval to acquire Voyager Digital
Crypto lending
March 8, 2023
Judge Michael Wiles has approved Binance US' proposal to acquire Voyager Digital despite significant opposition from the US regulators.
Binance updates Proof-of-Reserves system to add 11 new tokens
Crypto exchanges
March 7, 2023
Binance has upgraded its Proof-of-Reserves system to allow users to verify their assets for 11 new tokens. This brings the total number of verifiable tokens on Binance's PoR system to 24 coins.
Coinbase buys One River Digital Asset Management to expand business
Crypto exchanges
March 3, 2023
Coinbase has acquired hedge fund manager One River Digital Asset Management (ORDAM) to expand business following a decline in annual transaction volume.
Celsius allows select Custody account holders to withdraw assets
Crypto lending
March 3, 2023
Celsius has reopened withdrawals for select holders of Custody accounts. The news has received a mixed reaction from the crypto community as only a fraction of Celsius users can withdraw their tokens.
NEAR Protocol deploys blockchain operating system
Web 3
March 3, 2023
NEAR protocol has released a blockchain operating system to enhance user experience by providing a common layer for users to discover Web3 content.
Ethereum developers postpone Shanghai upgrade until April
Ethereum
March 3, 2023
Ethereum developers have delayed the release of the Shanghai upgrade until early April.
Crypto investor files lawsuit against BlockFi executives and Gemini
Crypto lending
March 2, 2023
A BlockFi investor has filed a class-action lawsuit against BlockFi executives and Gemini, citing that the firms misled customers.
ERC-4337 goes live on Ethereum mainnet
Ethereum
March 2, 2023
Developers have launched the ERC-4337 standard on the Ethereum mainnet to implement account abstraction.
IMF Endorses Crypto Regulation
Crypto regulation
March 2, 2023
The IMF endorses crypto regulation but cautions that outright ban isn't off the table.
Tencent Cloud’s Web3 Initiatives could Signal China’s Stance on Crypto
Web 3
March 2, 2023
Tencent Cloud has announced its support for the Web3 ecosystem and revealed the roadmap for its blockchain API services.
Trial in the Metaverse
Web 3
March 2, 2023
A Colombian court hosted its first legal trial in the metaverse in February and now hopes to experiment again with virtual reality.
Coinbase Launches Crypto 435 to Shape US Crypto Laws
Roundups
March 2, 2023
Coinbase launched a crypto advocacy initiative Dubbed the Crypto 435 campaign to help shape crypto laws in the US.
Voyager clients vote in favor of Binance.US’ restructuring plan
Crypto lending
March 1, 2023
A recent survey conducted by Stretto revealed that 97% of Voyager Digital clients voted in favor of Binance.US’ $1.022B plan to purchase the bankrupt lender’s assets.
Ethereum founder proposes changes for improving user experience
Ethereum
March 1, 2023
Vitalik Buterin proposed changes to improve the user experience for making micropayments using Ethereum.
OKX confiscates 2M USDT from accounts suspected of market manipulation
Crypto exchanges
March 1, 2023
OKX has seized 2M USDT from five suspicious accounts that allegedly manipulated the price of Celestial tokens.
Coinbase to suspend BUSD trading
Crypto exchanges
February 28, 2023
Coinbase will remove support for trading Binance USD on March 13. The exchange claimed that BUSD no longer meets its listing standards.
Liquid staking protocols hit combined TVL of $14B
Crypto staking
February 27, 2023
The TVL (Total Value Locked) of liquid staking protocols has surpassed the $14B mark, making liquid staking the second largest DeFi sector.
CoinFLEX asks Blockchain.com to return $4.3M worth of FLEX tokens
Crypto exchanges
February 27, 2023
CoinFLEX issued a notice to Blockchain.com asking the latter to return $4.3M worth of FLEX tokens.
Solana undergoes second coordinated restart to fix network outage
Altcoins
February 26, 2023
Solana validators restarted the network a second time following a technical issue that slowed blockchain activity since Saturday.
Eclipse to launch Solana-compatible Polygon SVM
Altcoins
February 24, 2023
Eclipse announced its plans to release Polygon SVM, a Layer 2 blockchain that will allow Solana developers to port their dapps to Polygon without reconfiguring the applications to run on the Ethereum Virtual Machine.
Coinbase launches layer-two network called Base
Crypto exchanges
February 23, 2023
Coinbase has announced its Layer 2 network, Base. The network, built on Optimism’s OP Stack, offers secure, low-cost, and developer-friendly ways to build dApps.
US regulators oppose Binance.US’ $1.022B Voyager acquisition deal
Crypto regulation
February 23, 2023
The US SEC, the NYDFS, and Attorney General Letitia James filed objections to Binance.US’ $1.022B bid for acquiring Voyager Digital.
Binance moves to semi-automated system for managing B-token reserves
Crypto exchanges
February 23, 2023
Binance will employ a semi-automated process for managing the reserves of its issued tokens following reports about the exchange’s mismanagement of B-token reserves.
Ethereum developers announce Shapella upgrade date
Ethereum
February 22, 2023
Ethereum core developers have scheduled the Shapella upgrade on the Sepolia network for February 28.
Coinbase adds support for Euro Coin on Ethereum Network
Crypto exchanges
February 22, 2023
Coinbase will add support for Euro Coin on ERC-20 token, and trading in supported regions starts on or after 9 AM PT on February 27. Also, support for EUROC will be added using the Experimental asset label.
Coinbase affirms its still in strong regulatory position
Crypto exchanges
February 22, 2023
Coinbase still maintains a strong regulatory position despite the US's disjointed approach. Also, the exchange shared its Q4 and FY’22 report with its shareholders, giving a breakdown of everything happening in the company.
Coinbase’s Q4 2022 net revenue surpasses expectations
Crypto exchanges
February 22, 2023
Coinbase’s total earnings for the fourth quarter of 2022 were higher than analysts’ expectations despite a 12% decline in quarterly transaction revenue.
Polygon cuts staff by twenty percent to consolidate
Altcoins
February 21, 2023
Polygon has reduced its staff by twenty percent, affecting about a hundred teammates. In addition, the firm has been consolidating multiple business units, and this was a necessary step, reiterating that its treasury is still healthy.
OKX’s fourth Proof-of-Reserves report reveals 100% clean reserves
Crypto exchanges
February 20, 2023
OKX’s February Proof-of-Reserves report revealed that the exchange holds $8.6B in clean assets. According to the report, OKX’s reserves of Bitcoin, Ethereum, and Tether remain overcollateralized.
Helium announces date for migration to Solana
Altcoins
February 20, 2023
Helium has declared March 27 the official date for its migration to Solana and its deployment of Oracles. This significant upgrade will improve the network’s scalability and reliability.
Blockchain.com debunks rumors of selling businesses
Crypto exchanges
February 18, 2023
Blockchain.com denied reports about the firm attempting to raise capital by selling its subsidiaries.
Binance CEO denies severing ties with US business partners
Crypto exchanges
February 18, 2023
Binance CEO Changpeng Zhao dismissed reports about the exchange ending relationships with US business partners due to pressure from regulators.
Celsius reportedly failed to record 7,000 intercompany transactions
Crypto lending
February 17, 2023
A recent court filing claimed that Celsius failed to record 7,000 transactions between the bankrupt lender's affiliate firms.
Binance mints 50M TUSD tokens following regulatory action against BUSD
Crypto exchanges
February 17, 2023
Binance has minted nearly 50M TrueUSD tokens after the NYDFS ordered Paxos to cease issuing Binance USD.
Cardano founder addresses criticism surrounding contingent staking
Crypto staking
February 16, 2023
Charles Hoskinson dispelled misconceptions about the proposed contingent staking model. He claimed that contingent staking will neither replace conventional staking nor remove private pools.
Binance Research reveals Ether stakers are underwater
Crypto staking
February 16, 2023
Binance Research has revealed that only 31% of Ether stakers are in profit while the rest are underwater. Most of the ETH holders in profit staked in December 2020 when the Beacon Chain was launched.
Judge authorizes Celsius to sell Bitmain mining coupons worth $7.4M
Crypto regulation
February 16, 2023
Judge Martin Glenn has authorized Celsius to sell $7.4M worth of coupons for Bitmain, a crypto mining firm. The coupons, which cost Celsius $37M, provide a 10-30% discount on Bitmain’s mining rigs.
Coinbase and Anchorage accept SEC’s custody proposal
Custody
February 16, 2023
Coinbase and Anchorage Digital have accepted the SEC’s new proposal concerning safeguarding clients' assets. In addition, the crypto platforms were recognized as qualified custodians following the proposal's release.
Binance is prepared to pay penalties for past conduct
Crypto regulation
February 16, 2023
Binance is ready to pay monetary penalties to US regulators to make amends for past regulatory violations. The exchange claims it grew quickly and was unaware of the laws and regulations to prevent money laundering and corruption.
Judge denies motion to appoint independent examiner for FTX
Crypto regulation
February 15, 2023
Judge John Dorsey denied US Trustee Andrew Vara’s motion to appoint an independent examiner to investigate FTX’s collapse.
Celsius debtors unveil NovaWulf-sponsored sale plan
Crypto lending
February 15, 2023
Celsius’ debtors have released a sale plan that outlines their strategy to compensate the bankrupt crypto lender’s clients. The proposed sale plan will be sponsored by investment firm NovaWulf Digital Management.
Binance and Huobi freeze $1.4M worth of stolen crypto assets
Crypto exchanges
February 15, 2023
Binance and Huobi have frozen $1.4M worth of crypto assets stolen by North Korean hacking group, Lazarus. The exchanges were able to suspend the accounts linked to Lazarus thanks to the findings of Elliptic.
Binance CEO says crypto industry may switch to non-USD stablecoins
Crypto exchanges
February 15, 2023
Changpeng Zhao claimed that the pressure from regulators may shrink the USD stablecoin market and cause the crypto industry to switch to non-USD stablecoins.
Polygon announces launch date for zkEVM Layer-Two
Altcoins
February 14, 2023
Polygon has announced that the launch date for the zkEVM Mainnet Beta is March 27. The zkEVM is an equivalent of the EVM, aiming to expand Ethereum’s scaling capabilities while providing faster and cheaper transactions.
How to set up a crypto wallet
How-Tos
February 14, 2023
Learn the step-by-step process for setting up a secure crypto wallet. Get expert tips and guidance on choosing the best wallet for your needs, and follow our easy instructions for setup and use.
