Latest News
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.
Aave community considers freezing BUSD reserves
DeFi
February 13, 2023
The Aave community members are considering a proposal that seeks to freeze BUSD reserves on Aave V2 following the recent crackdown on the stablecoin by regulators.
New York regulator orders Paxos to stop issuing BUSD
Crypto regulation
February 13, 2023
NYDFS has ordered Paxos to stop issuing new BUSDs. This action by the regulator might cause a decrease in the BUSD market cap over time and users' migration to other stablecoins.
Best Binance Coin (BNB) Wallets
Guides
February 12, 2023
Find the best Binance Coin (BNB) wallets to store and manage your assets safely. Explore our comprehensive list of top rated BNB wallets for desktop, mobile, and hardware options.
Nexo asks US clients to withdraw funds by April
Crypto lending
February 12, 2023
Nexo announced its plans to shut down lending services for US-based customers on April 1. The crypto lender asked its US clients to withdraw their assets from its platform before the deadline.
TRON founder seeks to reduce withdrawal fees after fee hike on Binance
Altcoins
February 11, 2023
Justin Sun, the founder of TRON, announced that the firm is working with Binance to reduce the withdrawal fees on TRON tokens following a fee hike on Binance's platform.
Crypto Exchange Ranking Methodology
Methodologies
February 11, 2023
Discover the methodology behind our comprehensive crypto exchange ranking system. Our team uses a multi-factor approach to evaluate exchanges on security, fees, user experience, and more. Stay informed on the latest industry standards and trends with our transparent and unbiased ranking methodology for crypto exchanges.
Coinbase Says Its Staking Services Are Not Securities
Crypto staking
February 11, 2023
Coinbase has stated its staking services are not securities. This is because staking does not fall under the US Securities Act and does not pass the four elements of the Howey test.
Best Mobile Wallets For Crypto
Guides
February 11, 2023
Learn about the best mobile wallets for storing and managing your cryptocurrency. Discover features, security measures and user reviews of top crypto mobile wallets.
Uniswap DAO votes to deploy third version on BNB Chain
Altcoins
February 10, 2023
Uniswap DAO has voted for the deployment of Uniswap v3 on the BNB chain. OxPlasma Labs will facilitate the deployment, and the Wormhole bridge will be used for cross-chain governance messaging.
Binance deploys zk-SNARKs on its proof-of-reserve system
Crypto exchanges
February 10, 2023
Binance has integrated zk-SNARKs into its PoR system. This is a continued effort to promote transparency in the industry and regain users’ trust. Also, four tokens were added to the system.
Paxos under investigation by New York regulator
Crypto regulation
February 10, 2023
Stablecoin issuer Paxos is being probed by the New York Department of Financial Services.
Kraken to cease staking services for US clients to settle SEC charges
Crypto staking
February 10, 2023
Kraken has agreed to pay $30M and shut down crypto staking services for US clients after facing charges from the SEC.
Flux Finance launches US Treasury-backed lending token
Crypto lending
February 9, 2023
Flux Finance has launched a decentralized lending protocol that is backed by OUSG. This will enable users to deposit USDC and DAI into the Flux protocol and in return, earn fUSDC and fDAI respectively.
BDO Italia reports Tether’s assets exceed its liabilities
Custody
February 9, 2023
BDO Italia reported that stablecoin issuer Tether ended 2022 with $67B in consolidated assets and $960M in excess reserves.
Celsius extension request denied by US trustee and creditors
Crypto lending
February 9, 2023
The US trustee and Celsius creditors have denied Celsius an extension of its timeline to submit its Chapter 11 restructuring plan. One reason for the refusal is the increased cash burn.
Coinbase CEO says SEC could ban crypto staking for retail clients
Crypto staking
February 9, 2023
Coinbase CEO Brian Armstrong cautioned the community about rumors of the SEC’s ban on retail staking.
Kraken under investigation by SEC over securities violations
Crypto exchanges
February 9, 2023
Kraken is facing a probe from the US Securities and Exchange Commission for violating securities laws.
Binance APAC head claims full audit of reserves will take time
Crypto exchanges
February 8, 2023
Leon Foong, Binance’s head of Asia-Pacific, claimed that a comprehensive audit of the exchange’s reserves will take time due to the steep learning curve associated with auditing crypto firms.
3AC co-founder accused of stonewalling investigation into the firm
Crypto regulation
February 8, 2023
3AC’s liquidators accused Kyle Davies of disrupting investigations into the firm by dodging subpoenas from the court.
Aave Integrates Proof of Reserve By Chainlink On Avalanche
Crypto lending
February 7, 2023
Aave has integrated Proof of Reserves by Chainlink on Avalanche. This will enable on-chain verification and transparency of lending markets. It will also ensure bridged assets are adequately collateralized.
Lido Provides An Overview Of Its Largest Upgrade, Lido V2
Crypto staking
February 7, 2023
Lido Finance has presented plans for Lido V2, its largest upgrade. The new version incorporates the Staking Router and Withdrawal and will pass through seven audits before approval.
Juno resumes crypto services
Web 3
February 7, 2023
Juno has started resuming its services after appointing Zero Hash as its custodian in January.
Genesis, Gemini, And DCG Reaches An Agreement In The Bankruptcy Court
Crypto lending
February 7, 2023
Genesis, Gemini, and DCG have agreed in the bankruptcy court to help Earn users recover their assets. The agreement lays a framework to maximize value for all Genesis clients and stakeholders.
Revolut to roll out staking services for UK and EEA clients
Crypto staking
February 7, 2023
Revolut will add support for staking Polkadot, Tezos, Cardano, and Ethereum tokens later this week.
Binance to temporarily halt USD bank transfers
Crypto exchanges
February 7, 2023
Binance will suspend US Dollar deposits and withdrawals starting February 8. The exchange has not revealed the reason behind the suspension.
Hodlnaut receives acquisition inquiries from potential investors
Crypto lending
February 6, 2023
Hodlnaut’s interim judicial managers have received inquiries from interested parties who seek to acquire the firm.
Binance releases free tax reporting tool
Crypto tax
February 6, 2023
Binance has launched a tax reporting tool called Binance Tax to aid its Canada and France-based clients in filing their taxes.
Everlend Finance Shuts Down App Citing Liquidity Crunch
Crypto lending
February 2, 2023
Everlend Finance has announced it will shut down due to the market’s liquidity crunch. It urges users to withdraw their assets immediately as the platform has been moved to withdrawal-only mode.
Luxor Launches World’s First RFQ Platform For ASIC
Crypto Mining
February 1, 2023
Luxor has launched the first-ever request-for-quote platform where miners can buy or sell Bitcoin mining hardware. This marketplace will promote transparency and increased market liquidity.
B2C2 Joins Blockdaemon And StakeWise To Offer Ethereum Staking Liquidity
Crypto staking
February 1, 2023
B2C2 has partnered with Blockdaemon and StakeWise to provide liquidity for Ethereum staking. It would also be the sole over-the-counter spot liquidity provider for the digital receipt token sETH-h built on Portara.
Tether CTO denies allegations of borrowing from Celsius
Crypto lending
February 1, 2023
Paolo Ardoino, the Chief Technology Officer of Tether, denied reports about Tether receiving loans from Celsius.
Bitcoin Suisse Joins Liquid Collective To Enable Ethereum Staking
Crypto staking
January 31, 2023
Bitcoin Suisse has joined Liquid Collective to enable Ethereum staking for its clients. The protocol made the decision due to increased client demands and to enhance liquidity and capital efficiency.
Independent Examiner’s Report Shows Celsius Was Running A Ponzi Scheme
Crypto lending
January 31, 2023
An independent examiner report has revealed that Celsius used new customer funds to pay for withdrawals. Celsius operated a riskier business different from what it advertised to customers.
New York Regulator Investigates Gemini Over FDIC Claims
Crypto regulation
January 31, 2023
NYDFS is investigating Gemini over FDIC claims. Gemini claimed its Earn product was FDIC insured, but recent events indicate this claim is untrue.
Alameda seeks to recover $446M from Voyager
Crypto lending
January 31, 2023
Alameda Research filed a complaint against Voyager Digital to recover $446M worth of crypto assets from the bankrupt lender.
Aave Deploys Version 3 On Ethereum Network
Crypto lending
January 27, 2023
Aave has deployed its V3 on the Ethereum Network after a successful unanimous vote by its governance. The upgrade incorporated a flexible architecture that helps mitigate user risk and improve capital efficiency.
Coinbase Charged $3.6M By Dutch Regulator For Operating Without Registration
Crypto regulation
January 26, 2023
Coinbase is facing a $3.6 million fine for operating in the Netherlands without registration with DNB. The Dutch regulator increased the base fee due to the severity and degree of culpability of the non-compliance.
10 Best Crypto Tax Software
Crypto tax
January 26, 2023
Looking for the best crypto tax software? We’ve discussed some of the best tax software including CoinLedger, Koinly, CoinTracker, TaxBit, TokenTax, and ZenLedger.
Best Bitcoin Lightning Network Wallets
Bitcoin
January 26, 2023
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.
What happened to the crypto lending industry in 2022?
Opinion
January 25, 2023
The year 2022 was riddled with crypto platform crashes. This article takes a deep dive into what the future holds for crypto lending and how crypto staking can be an alternative form of investment in the meantime.
MetaMask vs Trust Wallet: Which You Should Choose
Guides
January 23, 2023
Here’s an in-depth comparison between MetaMask and Trust Wallet – two of the most popular decentralized hot wallets. We’ll discuss their features, how they work, general integration, pricing, pros and cons, and how they compare to each other.
Genesis Global Capital Files For Bankruptcy Protection
Crypto lending
January 20, 2023
Genesis Global Capital filed for chapter 11 bankruptcy following a liquidity crisis caused by the collapse of Three Arrows Capital and FTX.
Nexo Agrees To Pay $45M To US Regulators Over Unregistered Lending Product
Crypto regulation
January 20, 2023
Nexo has agreed to pay $45M as penalty fees to the SEC and state regulators for failing to register its Earn Interest Product.
Coinbase To Suspend Operations In Japan
Crypto exchanges
January 18, 2023
Coinbase announced its plans to halt operations in Japan after reducing its workforce by 20% last week.
Binance Collaborates With Huobi To Recover $2.5M Worth Of Bitcoin Assets From Hackers
Crypto exchanges
January 16, 2023
The security teams of Binance and Huobi teamed up to recover 124 Bitcoin from the hackers responsible for the Horizon Bridge Hack of 2022.
Judge Allows FTX To Auction Off Four Business Units
Crypto regulation
January 13, 2023
Judge John Dorsey authorized FTX to sell LedgerX, Embed, FTX Japan, and FTX Europe.
Hodlnaut’s Creditors Reject Restructuring Plan
Crypto lending
January 13, 2023
Hodlnaut's creditors have rejected its restructuring plan. They instead seek to liquidate the firm’s assets.
Polygon Developers Propose Hard Fork To Address Chain Reorganizations And Gas Spikes
Altcoins
January 13, 2023
Polygon developers will launch a hard fork on January 17 to reduce gas spikes and chain reorganizations.
Bulgarian Authorities Raid Nexo’s Offices On Suspicion Of Fraud
Crypto regulation
January 12, 2023
Nexo’s offices in Sofia were raided by the Bulgarian police on suspicion of illegal activities involving money laundering, tax fraud, and violations of sanctions against Russia.
Blockchain.com Reduces Its Workforce By 28%
Crypto exchanges
January 12, 2023
Blockchain.com slashed its workforce by 28% to reduce expenses amidst the ongoing crypto winter.
Uphold Denies Allegations Of Owing $783.9M To Cred’s Liquidation Trust
Crypto exchanges
January 12, 2023
Uphold filed a motion with the bankruptcy court in Delaware to dismiss Cred’s complaints about Uphold owing $783.9M to its liquidation trust.
Attorney Claims FTX Has Recovered Over $5B Worth Of Assets
Crypto exchanges
January 11, 2023
Andy Dietderich, the attorney representing FTX, reported that the firm has recovered $5B in cash, liquid crypto, and liquid securities.
Binance.US Gains Initial Approval For Voyager Acquisition Deal
Crypto regulation
January 11, 2023
Judge Michael Wiles approved the disclosure statements regarding Binance.US’ plans to acquire Voyager Digital for $1.022B.
Crypto.com To Delist USDT For Canadian Users In Compliance With OSC’s Instructions
Crypto exchanges
January 11, 2023
Crypto.com announced its plans to delist Tether (USDT) and suspend Tether-related transactions for its Canadian user base on January 31, 2023.
Coinbase Aims To Reduce Operational Costs By Laying Off 20% Of Its Workforce
Crypto exchanges
January 10, 2023
Coinbase announced its plans to cut 20% of its jobs and close down projects that have a low probability of success to survive the bearish crypto market.
U.S. Government Confiscates $455 Million Worth of Robinhood shares From SBF
Crypto exchanges
January 10, 2023
United States Department of Justice takes possession of Sam Bankman Fried’s Robinhood shares.
How to Stake Polygon: Your Guide
Crypto staking
January 10, 2023
Users can receive rewards by "staking" MATIC and providing processing resources to safeguard the network. Getting MATIC tokens, choosing a staking provider, depositing tokens, waiting for confirmation, monitoring staked tokens, and withdrawing rewards are necessary. Staking Polygon offers passive income, network security, and governance. Before staking Polygon, consider the provider, staking duration, quantity of tokens, and risks.
BlockFi Releases Presentation Detailing The Progress In Its Bankruptcy Proceedings
Crypto lending
January 10, 2023
BlockFi provided a presentation highlighting the progress since its first-day hearing. The bankrupt lender will provide details on its liabilities and assets on January 11, 2023.
How to Invest in REITS: An Alternative to Crypto
How-Tos
January 10, 2023
REITs own, operate, or finance income-producing properties like office buildings, shopping complexes, residences, or hotels. REITs give investors a diversified real estate portfolio and rental and dividend income. SEC-regulated REITs must distribute 90% of taxable income to shareholders. Equity REITs own and run assets, whereas mortgage REITs finance to real estate owners and developers. REITs offer diversity, income, stability, liquidity, and expert management, making them an excellent cryptocurrency option.
How to Invest in Art: An Alternative to Crypto
How-Tos
January 10, 2023
Investing in art can be beneficial, but it requires research and diligence. Investing in art can be done through buying physical pieces, art funds, or art-backed securities. Diversify your portfolio and safeguard your art while investing in art. Consider market demand, condition, age, location, and market trends. Educate yourself about art and the art market, and consult professionals as needed.
Best Crypto Newsletters
Roundups
January 9, 2023
Here are the top crypto newsletters that got you covered in 2023. Each of these newsletters disseminates reliable information in various tones.
