Binance Moved $346 Million for Seized Bitzlato Crypto Exchange, Blockchain Data Shows

Crypto giant Binance processed almost $346 million (roughly (Rs. 2,900 crore)) in Bitcoin for the Bitzlato digital currency exchange, whose founder was arrested by US authorities last week for allegedly running a “money laundering engine,” blockchain data seen by Reuters show. The Justice Department on January 18 said it charged Bitzlato’s co-founder and majority shareholder … Read more

Robinhood Lists Lending Protocol AAVE and PoS Blockchain Tezos, Now Offers 19 Crypto Assets

Popular crypto trading app Robinhood has announced support for Tezos (XTZ) and Aave (AAVE), meaning users can buy and sell them on any of its platforms. The 18.7 million active monthly users on the trading app would also have the option to trade Solana, Polygon, and Avalanche that were added this year. With the addition … Read more

Freeway Crypto Staking Platform Halts Some Services Citing Market Volatility

Freeway, a crypto staking platform has brought some of its services to a temporary halt citing market fluctuations. In a bid to keep its business afloat, Freeway has stopped buy and withdrawal services on its platform. The company is working on drafting newer strategies that could make its operations more resistant to the volatile nature … Read more

Post Merge, Ethereum Developers to Focus on Scaling Solutions, Staking Asset Withdrawals

Ethereum

Ethereum developers are probably heaving a sigh of relief now as the blockchain’s eco-friendly Merge upgrade is live and running. The creators are likely to shift their focus on resolving other issues related to Ethereum that would further finetune its working and use cases. Scaling solutions for the blockchain and opening up withdrawals of staked … Read more

Binance US Launches High-Yield Ether Staking Service Ahead of Ethereum’s ‘Merge’ Event

Binance US, a US-based subsidiary of the world’s largest cryptocurrency exchange, is now offering Ethereum staking with an annual percentage yield (APY) of 6 percent — a figure which is a sizable step above major competitors like Lido and Coinbase which offer 3.5 percent and 3.25 percent APY, respectively. In an announcement, Binance US said … Read more

Federal Reserve Issues Additional Guidelines for Banks Considering Crypto Activities

The US Federal Reserve on Tuesday issued additional guidance for banks considering activities involving cryptocurrencies, emphasizing that firms must notify the Fed beforehand and make sure whatever they do is legally permitted. The Fed said in a statement that while cryptocurrencies could present “potential opportunities” to banks, firms needed to make sure they had systems … Read more

Crypto.com Scores Functional License in UK to Provide ‘Certain Crypto Asset Services’

The UK’s Financial Conduct Authority (FCA) has given a nod to Crypto.com, as it seeks to expand its crypto-related business around the world. The Singapore-headquartered crypto exchange will use its license in the UK to provided services like exchanging digital assets for fiat or vice versa among others. The FCA is overseeing the expansion of … Read more

Iran Places First Import Order Using Crypto currency, Could Help Dodge US Sanctions

Iran made its first official import order using cryptocurrency this week, the semi-official Tasnim agency reported on Tuesday, a move that could enable the Islamic Republic to circumvent US sanctions that have crippled the economy. The order, worth $10 million (roughly 80 crore), was a first step towards allowing the country to trade through digital … Read more

Hackers Flocking to RenBridge to Launder Stolen Crypto Funds, $540 Million Washed So Far

  At a time when blockchain bridges have been struggling to safeguard their operations from hackers, one such bridge has become a tool-of-favour for crypto criminals. As per blockchain analytics provider Elliptic, hackers have been flocking to RenBridge to wash the Crypto funds they have obtained via hacks and scams. In the last two years, … Read more