Reddit to Shut Down Community Points Feature
- Launched in May 2020, the Community Points feature allowed Reddit users to earn points in the form of ERC-20 tokens through positive engagement.
- After the news broke out, the price of several Reddit-based tokens quickly crashed, with r/CryptoCurrency’s MOON going down by 85%, and r/FortNiteBR’s BRICK by 50%.
October 18, 2023, 2:32 PM
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Celsius Seeks Court Approval on Restructuring Plan
- The bankrupt crypto lender said that if its reorganization plan is approved, it is ready to start repaying its customers using $2 billion in BTC and ETH by the end of the year.
- If given the green light, Celsius will restart its business under the “NewCo” brand without any funded debt, and with seed funding of up to $450 million.
October 3, 2023, 12:18 PM
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Vitalik Says X Account Hacked Via SIM-Swap
- Ethereum co-founder Vitalik Buterin has regained his T-Mobile account, which on Saturday was compromised by hackers and used to take over his X account.
- On 9 September, hackers used a SIM-swap attack to take over Buterin’s X account, and siphon close to $700,000 in crypto by promoting a fake NFT giveaway.
September 12, 2023, 1:33 PM
Ethereum co-founder and Vitalik Buterin speaks during TechCrunch Disrupt. 18 September, 2017, San Francisco, California.Steve Jennings/Getty Images for TechCrunch
Binance Introduces NFT Loan Tool
- Users of Binance NFT can now use select blue-chip NFT collections as collateral to take out cryptocurrency loans.
- The platform will initially support only loans in ETH, and NFT collections Bored Ape Yacht Club, Mutant Ape Yacht Club, Azuki, and Doodles.
May 25, 2023, 3:08 PM
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May 17, 2023
Court Denies SEC’s Request to Seal Hinman Speech Documents in Ripple Lawsuit
- These documents are seen as central in Ripple’s battle against the SEC, which in 2020 accused the company of selling its XRP token without registering it as a security.
- The documents in question are internal emails, text messages, and expert reports that followed Hinman’s 2018 speech, in which he said ETH and BTC were not securities.
May 3, 2023
Coinbase Launches International Crypto Exchange
- Called Coinbase International Exchange (CIE), the new platform will allow institutional users outside of the U.S. to bet on the price of crypto via perpetual futures.
- The platform will not be available to retail customers “at this time”, and will initially provide trading of only BTC and ETH perpetual futures, settled in the USDC stablecoin.
Apr 20, 2023
Deribit to Launch Zero-Fee Spot Trading
- The largest crypto options exchange, Deribit, will launch zero-fee spot trading for ETH/BTC, ETH/USDC, and BTC/USDC on 24 April.
- The move comes only a month after crypto exchange Binance terminated its own zero-fee trading campaign for 13 trading pairs.
Mar 27, 2023
Crypto Lender Kokomo Finance Conducts $4M Exit Scam
- Blockchain security firm CertiK warned that the team behind Kokomo Finance have executed a rug pull on Sunday, and stolen around $4 million in user funds.
- The website and social media accounts of the Optimism-based crypto lender have all been deleted, while its KOKO native token fell by more than 98%.
Mar 6, 2023
Babel Finance Considers Minting Special “Recovery” Stablecoin
- Babel Finance co-founder Yang Zhou is planning to propose the creation of a new DeFi project in order to generate revenue to repay debts owed to creditors.
- Called Hope, the potential DeFi platform aims to mint a new crypto-backed stablecoin, which will serve as a type of “recovery coin” for Babel.
Jan 26, 2023
Aave Community Approves v3 Deployment on Ethereum
- The governance proposal to launch Aave v3 on the Ethereum network passed unanimously, with all participating AAVE token holders voting in favor.
- The third version of Aave will exist alongside v2, and will initially support seven assets, including wBTC, wETH, wstETH, USDC, DAI, LIMK, and AAVE.