Banking
Banking
The case for Bitcoin strengthens as Chinese bank depositors riot over frozen accounts
Angry crowds gathered in Zhengzhou demanding access to their bank deposits. Some say self custody of Bitcoin is the answer.
Analysis
Bitcoin spikes above $22,500, but odds are it’s a fakeout
A relief rally took Bitcoin above $22,500, but a lack of bullish signs to support the next leg up suggest bears are far from done.
Regulation
Binance secures Virtual Asset Services Provider license from Spanish central bank
Binance extends its European registration drive with a nod from Spanish authorities.
Gaming
Axie Infinity co-founder attempts to entice players back by saying “nature is healing”
Axie Infinity launched a new land staking feature to increase incentives to play, but is it all for nothing following the loss of trust resulting from the Ronin hack?
DeFi
Here’s why the crypto downturn isn’t the end for DeFi
Despite the brutal drawdown, DeFi protocols continue to run as intended, and it's this that will set it apart from CeFi going forward.
Lending
Celsius Network continues to make moves, prompting calls to resume withdrawals
Troubled crypto lender Celsius has been on a debt repayment spree the last few days further suggesting the platform doesn't intend to file bankruptcy.
CBDCs
Bank of England’s vision for the digital pound differs from China’s model
The BoE proposes involving the use of retail banks and private payment providers as the "interface" for the digital pound.
Adoption
Prince of Serbia claims unnamed Arab nation on the verge of adopting Bitcoin
Speculation mounts over which Arab country will adopt Bitcoin. Given the proliferation of memes on the topic lately, one country stands out.
Bear Market
Fresh allegations against Celsius renew calls for EU crypto compensation fund
Attorney Jonathan Levy, representing victims of crypto crime, proposes a "superfund" paid for by imposing a tariff on crypto transactions to compensate victims.
Bear Market
Voyager Digital caves and files for Chapter 11 bankruptcy
Voyager joins the growing list of crypto firms seeking bankruptcy protection from its creditors amid the downturn.
DeFi
U.K. tax authorities seek public consultation on DeFi tax treatment
HMRC follows up on Chancellor Sunak's pledge to enhance the competitiveness of crypto-asset taxation by calling on the input of DeFi stakeholders.
Exchanges
Nexo begins due diligence to acquire 100% of struggling rival Vauld
Nexo steps up to save rival crypto lending platform Vauld subject to a satisfactory due dilligence process.