Bytes by Bitcompare

The latest news, insights and tools to help you learn about the industry and maximise your crypto wealth.

Latest News

Celsius approved to return 72.5% of assets to Custody account holders

Judge Martin Glenn ruled that Celsius’ Custody account holders can receive up to 72.5% of their crypto assets.

Celsius’ litigation expenses exceed $144M

Celsius' legal and advisory expenses have reportedly exceeded the $144M mark.

Coinbase sends petition on staking to SEC

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

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

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.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

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

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 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

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

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

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

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

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

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 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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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 developers have delayed the release of the Shanghai upgrade until early April.

Crypto investor files lawsuit against BlockFi executives and Gemini

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

Developers have launched the ERC-4337 standard on the Ethereum mainnet to implement account abstraction.

IMF Endorses Crypto Regulation

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

Tencent Cloud has announced its support for the Web3 ecosystem and revealed the roadmap for its blockchain API services.

Trial in the Metaverse

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

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

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

Vitalik Buterin proposed changes to improve the user experience for making micropayments using Ethereum.

OKX confiscates 2M USDT from accounts suspected of market manipulation

OKX has seized 2M USDT from five suspicious accounts that allegedly manipulated the price of Celestial tokens.

Coinbase to suspend BUSD trading

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

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

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

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

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

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

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

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 core developers have scheduled the Shapella upgrade on the Sepolia network for February 28. 

Coinbase adds support for Euro Coin on Ethereum Network

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

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

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

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

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

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

Blockchain.com denied reports about the firm attempting to raise capital by selling its subsidiaries.

Binance CEO denies severing ties with US business partners

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

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

Binance has minted nearly 50M TrueUSD tokens after the NYDFS ordered Paxos to cease issuing Binance USD.

Cardano founder addresses criticism surrounding contingent staking

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

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

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

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

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

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

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

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

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

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

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.

Featured news

Latest news

Binance temporarily suspends spot trading

Binance temporarily suspended deposits, withdrawals, and spot trading services due to a bug affecting its trading engine.

Tether CTO expects $700M profit by the end of Q1 2023

Tether CTO Paolo Ardoino expects the firm’s profits for the first quarter of 2023 to hit $700M. He also revealed that Tether currently holds $1.7B in excess reserves.

Coinbase responds to SEC’s Wells notice

Coinbase's CEO and CLO responded to the SEC's threats of potential enforcement action against the exchange for alleged violation of the securities law.

Kraken to halt ACH deposits and withdrawals

Kraken will stop processing automated clearinghouse (ACH) transfers after March 27 due to the collapse of its banking partner, Silvergate Bank.

SEC charges TRON founder for securities law violations

The US Securities and Exchange Commission charged TRON founder Justin Sun and three of his firms for selling unregistered crypto tokens.

Celsius approved to return 72.5% of assets to Custody account holders

Judge Martin Glenn ruled that Celsius’ Custody account holders can receive up to 72.5% of their crypto assets.

Celsius’ litigation expenses exceed $144M

Celsius' legal and advisory expenses have reportedly exceeded the $144M mark.

Coinbase sends petition on staking to SEC

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

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

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.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

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

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 developers have chosen April 12 as the target date for releasing the landmark Shanghai upgrade.

Regulation news

Coinbase responds to SEC’s Wells notice

Coinbase's CEO and CLO responded to the SEC's threats of potential enforcement action against the exchange for alleged violation of the securities law.

SEC charges TRON founder for securities law violations

The US Securities and Exchange Commission charged TRON founder Justin Sun and three of his firms for selling unregistered crypto tokens.

Bitcoin news

Best Bitcoin Lightning Network Wallets

Have you heard of the Bitcoin Lightning Network, a Layer-2 solution that makes your Bitcoin payments faster and cheaper? Check out our Best Bitcoin Lightning Wallets list to learn about digital wallets compatible with this solution and how they work.

Earn Bitcoin: The Different Ways you can Earn Bitcoin

While mining is the most common way to earn bitcoin, it’s not the only way. Different methods now exist; some don’t even need much prior knowledge. How much you earn depends on your chosen method and initial investment.

Ethereum news

Ethereum’s Shanghai upgrade gets a release date

Ethereum developers have chosen April 12 as the target date for releasing the landmark Shanghai upgrade.

Ethereum developers postpone Shanghai upgrade until April

Ethereum developers have delayed the release of the Shanghai upgrade until early April.
about US
Bitcompare is the leading aggregator and comparison site for the crypto industry.