Celsius users with funds held in its custody program have finally begun to withdraw funds, but users report delays due to a backlog of requests. Some Celsius customers have reported being able to withdraw funds from the bankrupt crypto firm for the first time, some 263 days after the lender froze withdrawals in the lead-up...Continue Reading

The final dress rehearsal for Shanghai has been slated for a Mar. 14 launch, while the real thing will happen a few weeks later. Ethereum developers have pushed back the highly-anticipated Shanghai hard fork by approximately two weeks. Initially estimated for late March, the Shanghai upgrade will now likely be deployed sometime within the first...Continue Reading

The price of BTC has fallen a steep 5% in 60 minutes in the early hours of Mar. 3, wiping $22 billion from Bitcoin’s market cap. The price of Bitcoin (BTC) has fallen more than 5% from $23,500 to $22,240 in just over 60 minutes, amid a wave of uncertainty concerning crypto-friendly bank Silvergate Capital. ...Continue Reading

MicroStrategy confirmed that none of its 130,000 BTC is custodied by Silvergate. However, the firm does have a loan to pay off to the bank by Q1 2025. Business intelligence firm MicroStrategy and stablecoin issuer Tether have become the latest two firms to publicly deny any meaningful exposure to Silvergate Bank. The news comes after...Continue Reading

OKX reimburses $3M to users after alleged market manipulation incident, Binance unveils AI generated NFTs and FTX Japan users made whole. Our weekly roundup of news from East Asia curates the industrys most important developments. OKX airdrop after token trading fiasco On Mar. 1, cryptocurrency exchange OKX  announced  that it would airdrop 3,014,381 Tether (USDT)...Continue Reading

A Binance spokesperson told Cointelegraph that they hired 600 people since January and have no imminent plans for layoffs. Cryptocurrency exchange Binance is “not planning any layoffs” and is instead trying to fill another 500 roles by the end of June, according to a Binance spokesperson. The comments came despite a huge spike in crypto...Continue Reading

FTX and FTX US together have billions in deficits in their exchange wallets and fiat accounts, uncovered in a “huge effort” according to the exchange’s CEO. Bankrupt cryptocurrency exchange FTX has revealed a “massive shortfall” in its digital asset and fiat currency holdings with billions worth of customer funds missing from both the exchange and...Continue Reading

Gary Gensler praises the SEC Investor Advisory Committee’s proposed rule on safeguarding advisory client assets but thinks crypto firms may not be up to snuff. United States Securities and Exchange Commission Chair Gary Gensler has again backed a proposed rule that would extend asset custody rules to more cryptocurrencies, saying investors need more protection. The...Continue Reading