In a CoinDesk exclusive, the co-founder of Yuga Labs, Wylie Aronow, shares a frank letter touching on his recent diagnosis of heart failure and responding to accusations of racist and nazi imagery embedded within the Bored Ape Yacht Club NFT project.
China’s 180M digital yuan airdrop, Devastation in Turkey, Laos’ CBDC: Asia Express
Our weekly roundup of news from East Asia curates the industry’s most important developments. China airdrops 180 million digital yuan to celebrate Lunar New Year According to state-owned media Global Times, Chinese cities airdropped a total of 180 million digital yuan (e-CNY) worth $26.6 million to boost consumption during the Lunar New Year celebrations between […]
Rocket Pool’s Ethereum staking service reaches $1B in TVL
The milestone comes less than two years after the launch of its mainnet.
How to Avoid the Death of DeFi in the Wake of FTX
FTX’s collapse is an inevitable outcome for an industry yet to find its use case. For crypto to survive, it needs to learn from the very financial sector it set out to replace, says Brent Xu, the CEO of Umee.
Liquid Staking Tokens Rally as Kraken Settles With SEC to Sunset Staking Service
The sudden price uptick of governance tokens for the largest liquid staking protocols Lido Finance, Rocket Pool and Frax Finance defies the decline of the broader crypto market.
Ethereum NFT collections lost nearly 60% of their market cap in 2022: Report
NFTs, like the rest of crypto, felt the influence of bad actors and market manipulators in 2022. Those launched after the start of the crypto winter did better.
Stablecoin Issuer Paxos Is Being Investigated by New York Regulator
The New York Department of Financial Services is investigating crypto company Paxos, though the scope of the investigation is not yet clear.
Kraken reaches $30M settlement with SEC over staking as IRS seeks user information
“Kraken not only offered investors outsized returns untethered to any economic realities, but also retained the right to pay them no returns at all,” said Gurbir Grewal.
Bitcoin Drops Below $22K as Kraken Agreement to Close Crypto Staking Operations Spooks Investors
The largest cryptocurrency by market capitalization declined after the crypto exchange giant agreed to settle charges with the SEC to shutter the service. Ether also declined.
IRS Seeks Court Approval to Identify Kraken Crypto Customers
The Internal Revenue Service has filed a court document seeking permission to enforce a summons for information against Kraken and its subsidiaries.
Coincover secures $30 million in funding to strengthen digital asset security
The funding round was led by Foundation Capital, with follow-on investment from CMT digital.
Kraken to Shut US Crypto-Staking Service, Pay $30M Fine in SEC Settlement
The U.S. Securities and Exchange Commission sued Kraken in federal court Thursday, alleging its crypto staking as a service program violated federal securities laws.
Blockchain Privacy Is at Risk in the EU
The EU’s comprehensive Markets in Crypto Assets (MiCA) regulation is ambitious and sets a high standard globally. Article 68, however, goes too far and poses a risk to innovation, privacy and security.
Banks under pressure from U.S. authorities to cut ties with crypto firms
United States authorities are allegedly discouraging banks from offering services to the crypto industry.
Celsius‘ motion to extend timeline for restructuring plan faces objection from creditors
“It is time to allow the Debtors’ customers to propose their own plan for the assets that they were defrauded into investing with Celsius,” said a Withhold account holders’ filing.
Kraken Agreed to Shutter Crypto-Staking Operations to Settle SEC Charges: Source
Kraken has agreed to shut its cryptocurrency-staking operations to settle charges with the U.S. Securities and Exchange Commission (SEC), according to an industry source briefed on the matter.
Crypto Would Survive an SEC Crackdown on Crypto Staking
Bitcoin Punks: Ordinal NFT Collection Soars in Value
Late Wednesday night, one Ordinal Punk NFT, minted on the Bitcoin native Ordinals Protocol, sold for 9.5 BTC, about $214,000.
Judge extends Sam Bankman-Fried’s bail restrictions on messaging apps: Report
The former FTX CEO’s bail restrictions will remain in place until Feb. 21 following the judge’s ruling to extend a ban on using certain messaging apps.
SPS discusses challenges of building GameFi amid crypto winter
Despite tough times for the industry, the blockchain MOBA game reached 200k downloads after just two months.