Tue, June 30

Coinbase Offers Ethereum Staking Token at 8% Discount

These liquid staking tokens are not intended to maintain a 1:1 peg with ETH. The importance of cbETH’s discount may be better appreciated when compared to rETH. Wrapped Ethereum staking token (cbETH), released by Coinbase at the end of last month, has been selling at a discount ever since. Today,

September 12, 2022 2 mins read

FTX Ventures Acquires 30% Stake in SkyBridge Capital

Approximately $40 million of the new capital will be used towards the purchase. Skybridge assured that there was no chance of any assets being liquidated. Sam Bankman- Fried’s FTX Ventures, a cryptocurrency venture capital company, has recently made a splash in the market by acquiring a 30% stake in fellow

September 9, 2022 2 mins read

Coinbase Supports Lawsuit Against U.S Treasury in Tornado Cash Sanction

Tornado Cash sued the U.S Treasury department. Coinbase backing a lawsuit against the SEC. The largest cryptocurrency exchange Coinbase announced that it was backing a lawsuit against the U.S. Securities and Exchange Commission (SEC) on Thursday. Coinbase claims that this backing will help to prevent sanctions prohibiting Americans from Tornado

September 9, 2022 1 min read

GameStop As The Retailer Partner of Crypto Exchange FTX.US 

GameStop is now the “preferred” retail partner of FTX.US.  The gaming company’s Q2 2022 net sales drop to $1.136B. On Wednesday, GameStop, the giant game retailer, announced its partnership with the major crypto exchange FTX.US to launch “new e-commerce and online marketing initiatives” unitedly. Along with disclosing its Q2 2022

September 8, 2022 2 mins read

Binance U.S Introduces ETH Staking Ahead of The Merge

The annual percentage yield (APY) for staking Ether is 6%. Binance.US allows customers to stake with as little as 0.001 ETH. A number of platforms have begun ETH staking as the Ethereum network transitions from proof-of-work (PoW) consensus to proof-of-stake (PoS). According to a recent release, cryptocurrency exchange Binance has

September 7, 2022 2 mins read

KuCoin Offers Support to Terra Classic 1.2% Tax Burn

Gate.io has also declared its approval of the 1.2% tax burn. In this proposal, a token burn fee of 1.2% is proposed to be applied to all trades. KuCoin and Gate.io, two prominent cryptocurrency trading platforms, have announced their support for the 1.2% tax burn plan put up by the

September 7, 2022 2 mins read

Assets Auction of Voyager Digital Scheduled Next Week

Voyager has been trying to refund some of its consumers alongside the selling process. Voyager’s attorneys took offence to this and called it a “low-ball” offer. On Tuesday, a court filing confirmed that the assets of bankrupt cryptocurrency broker Voyager Digital would be auctioned off the following week. Following a

September 7, 2022 2 mins read

The Brazilian Regulatory Body Prohibits Bybit Exchange

The Brazilian Securities and Exchange Commission (CVM), recently announced the ban of prominent cryptocurrency exchange, Bybit. According to the official announcement, the regulatory body ordered the suspension of Bybit, from engaging in the securities brokerage business. CVM stated: “Public offering of any securities intermediary services, directly or indirectly, to Brazilian

September 6, 2022 1 min read

Binance Brings Former Governor of Brazil’s Central Bank Onboard

Meirelles is all set to join Binance’s advisory board. In 2003, Henrique Meirelles was elected president of the Central Bank of Brazil. Despite the ongoing Crypto Winter, the world’s biggest exchange by trading volume, Binance, is making strides to grow its staff. A former governor of Brazil’s central bank has

September 6, 2022 2 mins read

Binance to Suspend Its Support for USD Coin

Binance to stop its support for USDC, USDP, and TUSD from the end of September. The existing funds of the coin will automatically convert these coins to BUSD. The largest cryptocurrency exchange, Binance recently revealed that the platform will discontinue its support for the stablecoins such as USD Coin (USDC),

September 6, 2022 1 min read