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

Latest News

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.

Aave community considers freezing BUSD reserves

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Revolut will add support for staking Polkadot, Tezos, Cardano, and Ethereum tokens later this week.

Binance to temporarily halt USD bank transfers

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

Hodlnaut’s interim judicial managers have received inquiries from interested parties who seek to acquire the firm.

Binance releases free tax reporting tool

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

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

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

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

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

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

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

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

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

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

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

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

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?

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

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

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

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

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

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

Judge John Dorsey authorized FTX to sell LedgerX, Embed, FTX Japan, and FTX Europe.

Hodlnaut’s Creditors Reject Restructuring Plan

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

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

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%

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

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

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

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.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

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

United States Department of Justice takes possession of Sam Bankman Fried’s Robinhood shares.

How to Stake Polygon: Your Guide

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

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

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

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

Here are the top crypto newsletters that got you covered in 2023. Each of these newsletters disseminates reliable information in various tones.

Featured news

Latest news

Binance.US halts OCBS and stablecoin pairs for BUSD

Binance.US temporarily suspended One Common Billing System (OCBS) transactions for Binance USD.

Kraken submits pre-registration documents to Canadian regulators

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

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

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 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

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

BUSD’s net outflows exceeded $500M after the CFTC filed a lawsuit against Binance.

Binance CEO denies the allegations made by CFTC’s complaint

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

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

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

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

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.

Lending news

Paxful to refund Earn account holders affected by Celsius’ bankruptcy

Paxful disclosed its plans to return the assets of Earn account holders whose funds were frozen following Celsius’ bankruptcy.

BlockFi agrees to return $100K to Californian users

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.

Regulation news

CFTC sues Binance for violating federal laws

The Commodity Futures Trading Commission (CFTC) filed a lawsuit against Binance and its CEO, Changpeng Zhao, over alleged violations of federal laws.

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.

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.
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