Market
Legal
Celsius gets sued amidst Ponzi scheme allegations
KeyFi CEO alleged that Celsius has refused to honor the terms of a contract between both firms as regards profit sharing.
NFTs
Reddit launches NFT marketplace compatible with Ethereum
Reddit said the NFTs were minted on Polygon, and royalties from its secondary sales would be shared equally with artistes who worked on the project.
Merge
Only 17% of Ethereum stakers are in profit as validator deposits decline
Ethereum validators in profit are those who made their deposits when the digital asset was trading under $1000.
Regulation
US bars crypto holders from contributing to crypto policies
The office declared that the "de minimis" exemption does not apply to cryptocurrencies and stablecoins.
Bear Market
Voyager users unlikely to recover 100% of funds
Voyager account holders could be repaid with their crypto holdings, stocks, VGX, and the debt from Three Arrows.
Exchanges
Bitstamp backtracks on ‘inactivity fee’ charges
Bitstamp CEO said the community reaction to the inactivity fees charges forced a rethink of the decision.
Stablecoins
Shiba Inu to launch SHI stablecoin, TREAT reward token in 2022
Shytoshi Kusama says Shiba Inu developers are focused on completing Ryoshi plan for the meme token ecosystem.
Legal
US, South Korea to cooperate over Terra investigation
South Korea and the United States have agreed to share investigation data about the Terra network crash.
Regulation
India is investigating crypto exchanges compliance to foreign exchange laws
The top executives of several exchanges operating in the country have been summoned by the authorities.
Exchanges
Bitstamp introduces ‘inactivity fee’ to shore up revenue
Bitstamp said the new fee will not apply to users in the U.S. or those with an account balance of over €200.
Exchanges
Huobi eyes US expansion with new FinCEN license
Huobi says the license provides a good foundation for its digital currency-related businesses in the United States.
Regulation
Singapore eyes more regulation to protect retail investors from crypto winter fallout
SIngapore's financial regulator says there is need for global collaboration to better regulate the crypto industry because of its "borderless nature."