Celsius Network, a troubled cryptocurrency lender, is altering its ETH staking technique, adding to the already lengthy wait time for new validators to be activated on the Ethereum network.  Over the course of two days, the firm has been diligently moving ETH into staking contracts after redeeming some $813 million of staked ETH from liquid staking leader Lido Finance. Since June 1, Celsius has deposited some $745 million of ETH, data by Arkham Intelligence shows.  The transactions have added 44 days to the already lengthy waitlist to add new validators to the Ethereum network, and Celsius may be to blame for over a week of that delay. Crypto investment product manager 21Shares analyst Tom Wan highlighted The transactions mark the most recent step in the lender’s strategy to reorganize its stored staked ETH since April, when Ethereum’s Shanghai upgrade made it possible to withdraw from staking contracts. At that time, Celsius held

The largest Crypto body was affirmed as a payment institution by the country’s Apex bank recently The company has been charged with operating as a payment institution, under the status of an electronic money issuer. The central bank’s approval is an important step, as it allows us to continue with our business expansion plans to

A Seychelles based cryptocurrency exchange Huobi could receive crypto trading licence in Hong Kong within the span of six to twelve months, Huobi advisor and Tron founder Justin Sun said in an interview on Friday. The exchange submitted an application to become a virtual asset service provider (VASP) last week, he said, which includes an

The Federal Reserve Board recently disclosed a consent order against Silvergate Capital Corporation and its subsidiary Silvergate Bank , providing the necessary regulatory supervision for the financial institution’s voluntary self-liquidation. However, Silvergate Capital Corporation and Silvergate Bank, both garrisoned in La Jolla, California, are now informed to follow suit their former announcement on self-liquidation plan

The Apex Bank of Kenya said “pain points” in the country’s payments systems can be addressed by innovations structured around the existing ecosystem and that a central bank digital currency (CBDC) “may not be a compelling priority.” During a recent report, the central bank said it received 100 comments on the previous consultant embarked on

Asia’s leading trust company and qualified custodian, First Digital, is making waves in the global financial ecosystem with the recent disclosure of its new stablecoin, First Digital USD (FDUSD). Launched by FD121 Limited under the brand “First Digital Labs,” this novel stablecoin pledges to bring stability, diversification, and innovation to the existing financial landscape. Stablecoins,

Crypto assets should be managed as securities by default, and the independent body that govern decentralized finance (DeFi) should be granted legal status, in regard to a study certified by lawmakers at the European Parliament which was published recently. The report appears as the European Union bring to a conclusion its Markets in Crypto Assets (MiCA)

Lamar Olive Oil has issued an on-chain bond using Obligate in a first for the sustainable-agriculture industry, the Switzerland-based decentralized finance (DeFi) platform said in a recent press interview. The French company’s bond is the first issuance to be denominated in Membrane Finance’s EUROe, which the company says is the only EU-regulated crypto stablecoin. The

Venture capital company Tribe Capital, has introduced a new crypto fund and is targeting a $100 million raise for the fund. San Francisco-based Tribe, which has $1.6 billion in assets under management, plans to make early-stage investments of $500,000-$3 million in layer 1 and 2 ecosystems, decentralized finance (DeFi) projects and infrastructure plays to bring

Transak a web3 payment startup has raised $20 million in a Series A funding round led by early-stage venture capital firm CE Innovation Capital. The new capital will be used toward a continued global expansion and to help build out the onboarding solutions, including those for Web3 games and financial applications, according to a press

Tether – the issuer of stablecoin USDT – has invested in an energy production and sustainable bitcoin (BTC) mining facility in Uruguay, the company announced Tuesday in a press release. The firm is collaborating with a “local licensed company” and is actively recruiting, according to the release, which did not disclose amounts of the investment or the

Japan-headquartered crypto exchange bitFlyer is implementing tough anti-money laundering measures in line with global financial crime watchdog FATF’s “Travel Rule” for information sharing on transfers, the company announced on Tuesday. The measures that went into effect Tuesday afternoon local time include restrictions on transfers from the exchange to platforms that don’t comply with Travel Rule Universal Solution

The Reserve Bank of India (RBI) is trying to expand the global narrative around cryptocurrencies beyond “financial stability and integrity to macro-financial and cross-sectoral implications and risks of crypto-assets,” the central bank said in its annual report published on Tuesday. The move is seen as a step to attract attention towards how crypto can hurt or completely

In a surprise announcement BKEX, one of the major cryptocurrency exchanges, has temporarily suspended user withdrawals due to alleged involvement in money laundering activities. The company is currently assisting police in their investigations, taking this step as a precautionary measure to support the law enforcement’s evidence-gathering process. The exchange has reportedly been cooperative with regulatory

Worldcoin, the cryptocurrency project led by Tools for Humanity, has achieved significant milestones in its mission to drive adoption and empower users within the blockchain space. As reported on their official Twitter account, World App has emerged as the largest deployer of Safe wallets on the Polygon(Matic) blockchain. This achievement highlights the platform’s dedication to