Anchorage Digital Introduces Off-chain Voting for Custody Clients
Custody clients of Anchorage Digital, a crypto custody firm, can now provide feedback on token proposals without incurring expensive gas fees through its recently adopted off-chain voting platform Snapshot. According to a statement released on May 16, Anchorage will incorporate the off-chain, gasless multi-governance client Snapshot to enable its “token-holding community users” to vote on […]
Binance Supports Terra Classic, Kava Network Upgrades
Binance crypto exchange announced that it would support the Terra Classic (LUNC) v2.0.1 network upgrade and the Kava 13 mainnet upgrade. Deposits and withdrawals of LUNC and KAVA will also be suspended. Today, May 17, the cryptocurrency exchange will halt deposits and withdrawals of LUNC and USTC on the Terra Classic (LUNC) network. KAVA deposits […]
Crypto Community Members Disagree Over Ledger Recover
Ledger has introduced a seed recovery service dubbed Ledger Recover. However, this development did not sit well with crypto community members and has caused many disagreements. Several crypto community members, including Ledger wallet owners, have taken to social media to express their displeasure with Ledger’s latest feature. Ledger Recover, the newly introduced retrieval solution for […]
Creditors File New Court Case Against BlockFi
Creditors of the insolvent crypto lending company BlockFi have filed a new court document claiming the company used customer money to buy $30M insurance. BlockFi presented its Chapter 11 reorganization plan to the United States Bankruptcy Court in Trenton, New Jersey, on May 12. The company stated that selling BlockFi may need to generate more […]
FDIC Chair Says Signature Bank’s Failure Is Due to Crypto-related Risks
According to the Federal Deposit Insurance Corporation (FDIC) chairman, Signature Bank failed due to poor management and not paying attention to the risks associated with cryptocurrency. The investigations into Signature Bank’s failure indicate illiquidity circumstances and poor management. Martin Gruenberg, the Federal Deposit Insurance Corporation (FDIC) chairman, believes the bank’s inability to comprehend the dangers […]