Latest News
Ethereum developers reportedly in final stages of planning Dencun update
Ethereum
May 5, 2023
According to project coordinator Tim Beiko, Ethereum’s core developers are already in the final stages of planning the next major update for the ETH network.
Coinbase establishes international crypto derivatives trading platform
Crypto exchanges
May 2, 2023
Coinbase launched an overseas derivatives exchange in Bermuda after securing a Class F license from Bermuda Monetary Authority.
TRON founder refunds $56M TUSD transferred to Binance
Altcoins
May 1, 2023
TRON founder Justin Sun agreed to reverse a transaction involving $56M TrueUSD tokens sent to Binance after receiving a warning from the exchange’s CEO.
Ripple reports sale of $361M XRP tokens in Q1 2023
Altcoins
April 28, 2023
Ripple reportedly sold over $361M worth of XRP tokens in the first quarter of 2023.
Binance.US pulls out of Voyager takeover deal
Crypto lending
April 26, 2023
Binance.US backed out of the Voyager acquisition deal, citing the uncertain regulatory environment in the US as the reason for terminating the asset purchase agreement.
Coinbase requests court to compel SEC to provide regulatory clarity
Crypto regulation
April 25, 2023
Coinbase asked the US Court of Appeals for the Third Circuit to urge the SEC to respond to its rulemaking petition weeks after receiving a Wells notice from the regulatory agency.
Binance releases new liquid staking token, Wrapped Beacon ETH
Crypto staking
April 24, 2023
Binance launched a new liquid staking token, Wrapped Beacon ETH, on its rebranded Ethereum staking product.
Coinbase may move out of the US if crypto regulations remain unclear
Crypto regulation
April 18, 2023
In a recent discussion during Fintech Week, Coinbase CEO Brian Armstrong claimed that the firm may relocate out of the US if the authorities do not provide clarity on crypto regulations.
Ethereum developers deploy Shanghai upgrade on the mainnet
Ethereum
April 13, 2023
The Ethereum network started processing staking withdrawal requests following the release of the much-anticipated Shanghai update on its mainnet.
FTX reportedly lacked basic governance and financial controls
Crypto exchanges
April 10, 2023
The first interim report penned by John J. Ray III revealed that FTX lacked adequate governance, accounting, and security controls under its previous leadership.
How To Track Bitcoin Whale Wallets
Bitcoin
April 10, 2023
Find out how to track Bitcoin whale wallets, what to look for while tracking them, and why tracking them is so important.
Lido claims staked Ether withdrawals will not occur before early May
Crypto staking
April 6, 2023
In a recent Twitter space discussion, Lido developer Kadmil said users can expect staked Ethereum (stETH) withdrawals “no sooner than early May.”
ASIC revokes Binance Australia’s financial services license
Crypto regulation
April 6, 2023
The Australian Securities and Investments Commission (ASIC) revoked Binance Australia’s financial services license following a targeted review of the exchange’s operations.
Dubai regulators seek information on Binance’s governance process
Crypto regulation
April 5, 2023
Dubai’s Virtual Assets Regulatory Authority asked Binance to disclose details about its board procedures as the regulators tighten the application process for the operational license.
Tether denies exposure to Signature Bank
Custody
April 5, 2023
Tether CTO Paolo Ardoino denied exposure to Signature Bank following reports about the stablecoin issuer using the now-defunct bank to gain access to the US banking system.
Aave community considers expansion to Starknet and BNB Chain
DeFi
April 4, 2023
The Aave community intends to approve two proposals on deploying Version 3 of the Aave protocol on Binance’s BNB Chain and Starknet, a zk-rollup.
Voyager must close acquisition deal with Binance.US by April 13
Crypto lending
April 4, 2023
A recent court document claimed that Voyager and its creditors may lose $10M every month if the bankrupt lender fails to close its deal with Binance.US by April 13.
US law firms file $1B lawsuit against Binance
Crypto regulation
April 2, 2023
Boies Schiller Flexner and Moskowitz Law Firm sued Binance, its CEO Changpeng Zhao, and three crypto influencers for unlawful promotion of unregistered securities.
Binance.US halts OCBS and stablecoin pairs for BUSD
Crypto exchanges
March 31, 2023
Binance.US temporarily suspended One Common Billing System (OCBS) transactions for Binance USD.
Kraken submits pre-registration documents to Canadian regulators
Crypto exchanges
March 30, 2023
Kraken filed a pre-registration undertaking with the Ontario Securities Commission (OSC) to continue offering services to its Canadian clients.
OKX to return crypto assets worth $157M to FTX and Alameda
Crypto exchanges
March 30, 2023
OKX announced that it will return $157M worth of frozen digital assets belonging to FTX and its subsidiary, Alameda Research.
Paxful to refund Earn account holders affected by Celsius’ bankruptcy
Crypto lending
March 30, 2023
Paxful disclosed its plans to return the assets of Earn account holders whose funds were frozen following Celsius’ bankruptcy.
Gemini seeks to launch overseas crypto derivatives exchange
Crypto exchanges
March 30, 2023
Crypto exchange Gemini plans to establish a new crypto derivatives platform outside the US. Gemini’s new exchange will primarily feature perpetual futures trading services.
Lido to discontinue staking services for Polkadot and Kusama by August
Crypto staking
March 29, 2023
Liquid staking platform Lido Finance will end support for staking Polkadot and Kusama assets on August 1.
BUSD records $500M outflows following CFTC’s crackdown on Binance
Custody
March 28, 2023
BUSD’s net outflows exceeded $500M after the CFTC filed a lawsuit against Binance.
Binance CEO denies the allegations made by CFTC’s complaint
Crypto exchanges
March 28, 2023
Binance CEO Changpeng Zhao denied the accusations made by the CFTC's complaint. According to him, the regulatory agency's complaint was an “incomplete recitation of facts."
BlockFi agrees to return $100K to Californian users
Crypto lending
March 28, 2023
The Department of Financial Protection and Innovation (DFPI) announced that bankrupt lender BlockFi will refund $100K worth of crypto assets to its California-based clients.
CFTC sues Binance for violating federal laws
Crypto regulation
March 27, 2023
The Commodity Futures Trading Commission (CFTC) filed a lawsuit against Binance and its CEO, Changpeng Zhao, over alleged violations of federal laws.
Polygon rolls out beta version of zkEVM on its mainnet
Altcoins
March 27, 2023
Polygon released its zero-knowledge Ethereum Virtual Machine (zkEVM) on its mainnet to increase the scalability of Ethereum-based smart contracts.
Binance temporarily suspends spot trading
Crypto exchanges
March 24, 2023
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
Custody
March 24, 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
Crypto regulation
March 23, 2023
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
Crypto exchanges
March 23, 2023
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
Crypto regulation
March 23, 2023
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
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.
