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Kraken’s staking down, FTX post-bankruptcy hell and Binance news: Hodler’s Digest, Feb. 5-11

11.2.2023
Top Stories This Week Kraken reaches $30M settlement with SEC over staking as IRS seeks user information Kraken has agreed to stop offering staking services or programs to United States clients after reaching an agreement with the U.S. Securities and Exchange Commission (SEC). Along with ceasing...

Report: Paypal Puts Stablecoin Plans on Hold as US Regulators Crack Down on Crypto Industry

11.2.2023
During the first week of 2023, payment service giant Paypal said it was exploring the launch of a stablecoin. At the time, an executive at Paypal stated that if the company moved forward, it would work closely with financial regulators. However, on Feb. 10, a source noted that Paypal has put...

Bitcoin price correction was overdue — Analysts outline why the end of 2023 will be bullish

10.2.2023
BTC and the crypto market will continue to battle with strong headwinds, but analysts explain why Q3 and Q4 of 2023 could turn out well for Bitcoin

Are the Remaining Crypto Giants Staring Down the Barrel of the US Government’s Gun?

10.2.2023
The latest action from the U.S. Securities and Exchange Commission (SEC) against Kraken is probably only the first stirring of a U.S. government campaign to come for the major remaining crypto exchanges, according to industry lawyers, consultants and former regulators

LocalBitcoins to Shut Down After 10 Years Amid Challenging Market Conditions

10.2.2023
Bitcoin exchange LocalBitcoins has announced its closure after serving customers for more than 10 years citing the ongoing bear market. In a recent posting on its website, the exchange said it would be shutting down in the coming weeks due to tough market conditions. The platform said they...

‘Kraken Down’ — SEC commissioner rebukes own agency over recent action

10.2.2023
"Today, the SEC shut down Kraken’s staking program and counted it as a win for investors. I disagree and therefore dissent," said commissioner Hester Pierce

Kraken Winds Down Staking Program, Pays $30 Million to Settle Unregistered Offering of Staking Services Case With SEC

9.2.2023
Kraken, a U.S.-based cryptocurrency exchange, has agreed to wind down its cryptocurrency staking program as part of an arrangement with the U.S. Securities and Exchange Commission (SEC) to settle for the unregistered offer of its staking services. The exchange will also pay $30 million...

Today in Crypto: Aave Announces Launch of GHO Stablecoin on Ethereum’s Goerli Testnet, MakerDAO Establishes Phoenix Labs, LocalBitcoins Closing down

9.2.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: Aave Announces Launch of GHO Stablecoin on Ethereum’s Goerli Testnet, MakerDAO Establishes Phoenix Labs...

Localbitcoins, the Pioneer P2P Bitcoin Exchange, Shuts Down After a Decade of Service Due to Crypto Winter

9.2.2023
Localbitcoins, the Helsinki, Finland-based bitcoin exchange founded in 2012, is closing operations after over a decade of service. The company’s operators attribute the shutdown to the “ongoing crypto-winter,” which has left them unable to continue offering their bitcoin...

LocalBitcoins closes down the P2P crypto exchange service

9.2.2023
LocalBitcoins’ customers have 12 months to withdraw their cryptocurrencies from the LocalBitcoins wallet but are advised to do so immediately

CEO of Bitcoin Miner Argo Steps Down

9.2.2023
The troubled mining firm had to sell its biggest facility to stave off bankruptcy

Twitter Breaks Right Before Nintendo Direct, Chaos Ensues

8.2.2023
Update: 2/8/2023 5:58 p.m. ET: Twitter appears to be working normally again.Read more

Payments Company Affirm Is Shutting Down Its Crypto Business

8.2.2023
During the bull market of 2021, Affirm had joined a number of fintech firms in offering clientele the ability to buy and sell crypto

Trial Lawyer Breaks Down Legal Considerations for NFTs and Trademark Law

7.2.2023
David Leichtman, a managing partner at law firm Leichtman Law PLLC, discusses the legal implications that copyright and trademark law could have for NFTs and creators moving forward

Biggest Movers: SHIB Remains Near Recent Highs as Crypto Markets Fall on Monday

6.2.2023
Shiba inu has been relatively stable to start the week, as prices remained close to recent highs, despite Monday’s market sell-off. Cryptocurrencies were mostly lower in today’s session, as markets continued to react to historically low U.S. unemployment figures. Avalanche was down in today’s...