What Is Copy Trade And How To Use It While Trading in Crypto?
What is Copy Trade? Copy trading is a method of trading where a trader (also known as the "follower") copies the trades of another trader (known as the "strategy provider"…
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Texas Regulators Mull Over $1B Voyager-Binance Deal Amid Alameda Loan Claim
Regulators in Texas are debating over the benefits of the Binance-Voyager $1 billion acquisition deal to creditors, which is hinged on the $445 million loan claim from Alameda Research. In…
Crypto Lawsuits Jumped By About 50% In 2022 – Report
Over the past five years, new information regarding cryptocurrency cases in the United States has come to light. According to a recent study by HedgewithCrypto, the number of crypto lawsuits…
Polygon CEO Tags Ethereum The Future Of Blockchain, Dismisses L2 Networks
Recently, Twitter user @StakeWithPride shared a video of Polygon's CEO, Sandeep Nailwal, interview with Crypto Banter. Nailwal made a daring forecast about the direction of blockchain platforms, specifically in…
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NFT (Non-Fungible Token)
Regulation
India’s WazirX Secretly Shuts Down NFT Marketplace
WazirX NFT marketplace, previously touted as India's top non-fungible token marketplace, has ceased its operations. The company closed without giving the users or artists prior notice. Notably, neither the team…
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Stablecoin
CoinShares Still Financially Strong Despite Huge FTX Losses
Following the FTX saga, certain hedge funds shut down their operations. In contrast, others persevered and managed to stay afloat by successfully navigating the difficulties of FTX's bankruptcy filing. CoinShares…
BIS Chief Explains How 2022 Events Negatively Impacted Stablecoins Status
Agustin Carsten revealed that last year's event profoundly affected how stablecoin is viewed as money. The general manager at the Bank for International Settlements (BIS) revealed in a speech on…
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Regulation
Hong Kong Proposes New Cryptocurrency Licensing Regime
The Security and Futures Commission (SFC) in Hong Kong has initiated a public consultation on its new proposal for a licensing regime for cryptocurrency exchanges, which is anticipated to be…
Is The UK’s FCA Bracing Up to Enforce Regulation Following US SEC’s Actions?
For the past two weeks, the US Securities and Exchange Commission (SEC) has been occupied with cracking down on crypto exchanges operating within its jurisdiction. On the other side of…
SEC’s Recent Crypto Crackdown Is Misguided – Custodia Bank Chief
As the U.S. Securities and Exchange Commission (SEC) continues its aggressive actions against digital asset firms, observers are keen to point out what they perceive as a misinformed stance of…
US SEC Proposes New Rules To Stop Crypto Platforms Operating As “Qualified Custodians”
The United States Securities watchdog is reportedly targeting crypto exchanges by proposing changes to the rule that would likely impact their services. Part of the proposed rule change is to…
FTX Calls For Return Of Funds Donated To US Politicians
During his heydays as the chief executive officer of the now-bankrupt crypto exchange FTX, Sam Bankman-fried was a celebrated philanthropist. From politicians to students, charity organizations, and others, the former…
Polkadot Is Aiding Earthquake Victims In Turkey And Syria; Here’s How
The devastating earthquake that struck Turkey and Syria earlier this month left millions of people in the region homeless and desperate for humanitarian aid. The magnitude 7.8 earthquake – the…
India’s Shemaroo To Release NFT Marketplace On Polygon
India's premier media and entertainment firm, Shemaroo, has joined forces with Polygon Labs to introduce Virtasy.io, its NFT marketplace, exclusively on the Polygon network. Upon its debut, the marketplace will…
Celsius’ Creditors Oppose Request To Extend Restructuring Timeline
The bankrupt crypto lender Celsius is facing a race against time to extend its deadline for filing a restricting plan after its US trustee and creditors objected to the company's…
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Decentralized Exchanges (DEXes)
Decentralized Finance (DeFi)
Zodia Custody Signs Strategic Deal with SBI Digital Asset Holdings to Develop Japan’s Crypto Custody Space
The crypto safekeeping platform, Zodia Custody, has teamed up with SBI Digital Asset Holdings to launch crypto custody services in Japan. The partnership will see Zodia Custody working with the…
Binance Launches Tool To Ease Tax Preparation And Reporting For Crypto Players
The crypto tax season is upon us, and all companies (including crypto firms) must prepare. Tax season can be confusing and stressful for novice and experienced crypto users. Binance, the…
Voyager Creditor Calls For Seizure Of Voyager’s Estate
A finance attorney and Voyager creditor, Michelle DiVita, has requested the appointment of a Chapter 11 Trustee in Voyager's bankruptcy case, which would result in Voyager losing control of its…
Blockchain
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Regulation
UK Treasury Releases Consultation Paper For Crypto Regulation
The Treasury has published a consultation document on regulating crypto exchanges, lenders, and custodians. The document acknowledges that crypto assets offer various benefits but pose risks to consumers. Treasury's Consultation…
SEC Denies Approval Of Ark Investment’s Bitcoin ETF For A 2nd Time
The US securities watchdog, (the US SEC) has rejected the Bitcoin spot exchange-traded fund (ETF) proposal submitted by Ark Investment Management for a second time. In July 2021, Ark joined…