[ad_1] Celsius and Voyager are selling or auctioning their assets. Customers may soon regain access to their frozen funds. Over the summer of 2022, several crypto lending companies froze customer withdrawals or filed for bankruptcy. Two companies, Celsius and Voyager Digital, received the most attention due to their high-profile nature. Now those bankruptcy cases are gradually approaching a conclusion. This will allow customers to regain their funds in the coming months. Celsius froze withdrawals on June 12 and filed for bankruptcy on July 14. That decision left investors without access to their funds for three months. Now, the firm is…
Author: Mike Dalton
[ad_1] The stock market giant Nasdaq is preparing to launch Nasdaq Digital Assets, a custody service for institutions. Nasdaq has announced a crypto custody service called Nasdaq Digital Assets in a move that represents its first significant foray into the crypto market. Nasdaq Digital Assets will serve as a custody solution for institutional investors. As such, it will store crypto in a way that complies with regulations and industry standards. The platform will combine aspects of hot and cold cryptocurrency wallets. Nasdaq’s approach will provide high security, as seen in cold wallets, but it will also allow investors to quickly…
[ad_1] England’s plans for cryptocurrency and blockchain will likely continue despite a change in leadership. Several leadership changes occurred in the U.K. during the second week of September 2022. Liz Truss replaced Boris Johnson as prime minister. Queen Elizabeth II passed away and was succeeded by King Charles III. Additionally, Kwasi Kwarteng was selected to serve as England’s Chancellor of the Exchequer (or finance minister). Though these changes could affect the U.K.’s plans for crypto, each leader seems to be committed to advancing the technology. Here’s how they are involved. On Sept. 6, Liz Truss was appointed as Prime Minister…
[ad_1] Starbucks is building NFTs on Polygon’s blockchain technology; those collectibles will be part of the company’s loyalty program. The major coffee chain Starbucks has announced that it will introduce a line of NFTs that serve as digital collectible stamps, similar to reward points. Starbuck’s new points program is called Starbucks Oddysey. The program, which was announced on Sept. 12, will allow Starbucks Rewards members as well as partners and employees to earn points in the form of collectible NFT stamps. Participants can earn “journey stamps” by completing challenges and activities. They can also purchase limited edition NFT stamps directly…
[ad_1] Binance is forcibly converting user balances of three stablecoins to its own competing stablecoin, Binance USD (BUSD). Binance has announced plans to automatically swap balances of certain stablecoins to its own stablecoin, Binance USD (BUSD), by the end of September. On Sept. 5, the leading crypto exchange Binance announced that it will automatically convert user balances of several stablecoins to its own BUSD stablecoin. Beginning at the end of the month, three stablecoins will be auto-converted: CircleUSD (USDC), the Pax Dollar (USDP), and TrueUSD (TUSD). The policy will come into effect on Sept. 29 and will continue to affect…
[ad_1] Michael Saylor is facing charges of tax evasion. He heads MicroStrategy, the single largest corporate Bitcoin investor. Michael Saylor, the executive chairman and former CEO of the business intelligence firm MicroStrategy, has been charged with tax evasion. On Aug. 31, District of Columbia Attorney General Karl Racine filed a lawsuit alleging that Michael Saylor engaged in tax evasion. The accusations concern Saylor’s personal income taxes. Saylor allegedly misrepresented his place of residence in order to take advantage of Virginia and Florida’s lower tax rates. The attorney general’s office seeks to recover $100 million in taxes. The office also alleges…
[ad_1] Several popular services can help you earn rewards on Ethereum. Here’s how you can start staking your ETH holdings. Ethereum’s merge is intended to introduce staking to the popular blockchain platform. These services make it easy to earn rewards by staking ETH. Some popular cryptocurrency exchanges support ETH staking. This is a convenient option for users who already invest in crypto on an exchange, as there is no need to move funds out of an exchange account before earning returns. Coinbase, Binance, and Kraken are among the exchanges offering ETH staking. Additionally, the trading app eToro offers ETH staking…
[ad_1] Dogechain isn’t Dogecoin. It’s a “second layer” project that aims to extend Dogecoin, and it is generating hype. Dogechain has attracted plenty of attention over the month of August. Here’s what it is and why it is attracting so much attention in the crypto community. Dogechain is a new project that aims to serve as a layer 2 network for Dogecoin. It will add various features to the original blockchain. For example, Dogechain will support decentralized finance services (DeFi), decentralized apps (dApps), and NFTs. Dogechain is already operational. On Aug. 27, the project said that it has carried out…
[ad_1] Ethereum is preparing to carry out its “merge“ and unify two important parts of the blockchain network. Blockchain developers are preparing to activate the network’s “merge,” which will unite two coexisting parts of the Ethereum network. Here’s what the event means for those who use the popular blockchain and its ETH cryptocurrency. Currently, Ethereum transactions are handled on the Ethereum’s “mainnet,” which has been developed continuously since Ethereum 1.0 first went live in 2015. Later, Ethereum developers began to develop Ethereum 2.0 in parallel with the older mainnet. The project took its first real steps toward this goal with…
[ad_1] Tornado Cash was sanctioned during the second week of August. How have other companies reacted to the news? This month, the Ethereum coin mixer Tornado Cash was sanctioned and its developer was arrested. While this may or may not halt the project’s development, it has led several third-party projects and companies to comply with the new rules. So far, the following cryptocurrency companies have responded to these events, either by silently taking action or by making public statements. Circle, which issues the USDC stablecoin, has blacklisted sanctioned Tornado Cash addresses and frozen $75,000 worth of USDC in the process.…