Record-high digital asset investments in February 2023: CryptoCompare’s Monthly Review

Ad Asset management and risk management are critical components of any investment strategy, and the digital asset space is no exception. With the volatility and complexity of the crypto market, it is essential for investors to monitor their investments and assess their risk exposure carefully. CryptoCompare, a leading digital asset data provider, has released its…

Silvergate shares tank 46% after Coinbase severed payment partnership

Ad Crypto-friendly bank Silvergate has seen its shares (SI) fall by over 44% shortly after news emerged that Coinbase will stop using its USD payment service. Leading crypto exchange Coinbase informed its Primer users on March 2 that it has decided to change Silvergate as its banking partner. Coinbase said it has moved to work…

Ethereum launches ERC-4337 “smart accounts”

Ad Ethereum developer Yoav Weiss announced ERC-4337, or “smart accounts,” at WalletCon in Denver, Colorado, on March 1. ERC-4337 (formerly EIP-4337) is also known as account abstraction. It provides a basis for various features such as account recovery and group-access wallets. Other possible applications include bundled and sponsored transactions for reduced transaction fees. It will…

Dwindling order book depth raises liquidity concerns in crypto markets

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Binance custody arm ‘Ceffu’ to apply for license in Singapore

Ad Leading crypto exchange Binance has hinted at plans to reapply for a regulatory license in Singapore through its custody arm- Ceffu. In December 2021, Binance withdrew its license application to the Monetary Authority of Singapore (MAS) over regulatory concerns. Consequently, it closed its operations, barring retail users from trading on the exchange. However, on…

Three Japanese banks to issue compliant stablecoins on ‘Japan Open Chain’

Ad Three Japanese banks —Tokyo Kiraboshi Financial Group, Minna Bank, and Shikoku Bank — will issue experimental stablecoins compliant with Japanese laws via the Japan Open Chain, according to a March 2 statement. The three banks are expected to issue legally backed stablecoins that comply with the Payment Services Act. These stablecoins can be used…

32,000 Voyager customers may be on the hook for bankruptcy clawbacks

Ad Voyager’s former Chief Innovation Officer Shingo Lavine warned that the platform could enact customer clawbacks under Chapter 11 bankruptcy rules – potentially affecting 32,000 users. Lavine, who has since co-founded Ethos, suggested affected parties form a community group, as Celsius customers have, to oppose these actions under a unified voice. “With Voyager likely going…

Polygon open-sources its Web3 ID solution

Ad Polygon Labs announced that it has open-sourced its Web3 ID solution, as indicated in a blog post from the company on March 1. Polygon initially announced the suite of tools in March 2022 and released it over course of the year. The toolset allows developers to leverage zero-knowledge proofs (or zk-proofs) to manage user…