The crypto space is notorious for its significant swings and ups and downs. Yet the 2022 crash seems harsher and more unpredictable than previous bear markets. Still, there are ways for investors to safeguard their crypto assets and protect them despite the turbulent times. Regardless of the somewhat hostile environment, crypto adoption is still rising, signaling that the bear times will end. According to recent research, about 20% of people in America who have never owned crypto plan to invest by the end of the year. But why is the space crashing when interest is on the rise? Why was …

Cryptocurrency exchange Bitvavo, a major creditor of the troubled crypto company Digital Currency Group (DCG), has dismissed DCG’s proposal of partial debt repayment. Bitvavo officially announced on Jan. 11 that the firm received a counter proposal from DCG offering to repay about 70% of the outstanding amount in a term acceptable to Bitvavo. The remaining balance amount is still under negotiation with DCG as it is only ready to repay part of the debt within a term acceptable for Bitvavo, the exchange said, adding: “As creditors, we do not find the latter acceptable because DCG has sufficient resources available for …

When the new licensing program that is scheduled to take off in June arrives, retail traders in Hong Kong will be limited to “highly-liquid” digital assets, according to the new CEO of Hong Kong's Securities and Futures Commission (SFC), Julia Leung Fung-yee. At the recent Asia Financial Forum, Leung reportedly pointed out that many digital asset platforms have thousands of products. However, the SFC executive highlighted that they are not planning to "allow retail investors to trade in all of them." Instead, the SFC will set up a criteria that allow retail traders to only trade major virtual assets. While …

After the paranoia and turmoil in the crypto industry caused by the FTX liquidity and bankruptcy scandal, major digital-asset service providers in the space began publicizing their reserve funds. The latest to join the proof of reserve trend is the Indian cryptocurrency exchange WazirX. It announced its act of transparency on Jan. 11 stating that: "We are not only India's largest crypto exchange by volume but also India’s largest crypto exchange by reserves.” WazirX used CoinGabbar, a third-party crypto asset tracking platform, to display its proof of reserves. According to the data WazirX has roughly $285 million in total user …

The cryptocurrency exchange Zipmex is the focus of a new probe by the Securities and Exchange Commission (SEC) of Thailand for a breach of local rules. A Bloomberg report revealed that local authorities are looking into an activity that they believe may be in violation of business rules for digital asset service providers. This includes its offerings of certain digital asset products According to the Thai SEC, Zipmex has until Jan. 12 to clarify whether it has been functioning as a “digital-asset fund manager without permission” in Thailand. If true, the firm would have needed to obtain a permit prior …

References to crypto or blockchain technology are nowhere to be found in newly leaked images concerning “Twitter Coins” — the platform’s secret in-development digital asset. First leaked in early December by tech bloggers Jane Manchun Wong and Nima Owji, many have been hoping that the secret “Twitter Coins” project would involve cryptocurrency in some way. Members of the Dogecoin (DOGE) community have been especially hopeful given Twitter CEO Musk’s affiliation with the token. In a Dec. 4 Twitter Spaces, when Musk said he was still interested in integrating crypto with the social media platform. However, newly leaked images of the …

Galaxy Digital Holdings CEO Mike Novogratz hosed down fears over the crisis facing Digital Currency Group (DCG) and Genesis saying while it’s “not good news,” it won’t “include a lot of selling.” In a Jan. 10 interview on CNBC’s Squawk Box Novogratz said he expects the current debacle facing DCG and its related companies to “play out” over the next quarter. "The outlook for #crypto is not horrible but it's not great. We've got regulatory headwinds we didn't have before. People are going to cut costs and survive this transition period," says @novogratz. "Crypto is not going away. It's a …

The average crypto investor probably isn’t planning on dying of old age anytime soon, but that doesn’t mean they shouldn’t have a plan in place to pass on their crypto in the event they meet an unlikely demise, lawyers warn. Speaking to Cointelegraph, Dubai-based crypto lawyer Irina Heaver believes that “billions” worth of Bitcoin (BTC) has been lost due to a lack of proper death-related planning by hodlers. She noted that many families have been unable to access their loved one’s crypto assets due to private keys being taken to the grave, and emphasized the importance of discussing crypto assets …

According to user reports on Jan 10, cryptocurrency exchange Crypto.com plans to delist Tether (USDT) for Canadian users effective Jan 31, 2023. According to the firm, if users do not withdraw or convert their USDT assets by the deadline, then their Tether will be automatically converted into USD Coin (USDC). "You may incur a retrieval fee if deposits of USDT are made from external wallets after this suspension period, and fund retrieval may not be possible in some cases." In August 2022, Crypto.com announced that the Ontario Securities Commission had accepted the firm's pre-registration undertaking for operations in Canada. As …

The business model that cryptocurrency exchanges currently use relies on ignorance and fear. It relies on their customers not knowing much about decentralized finance (DeFi) and their fear of what could happen if they get things wrong with their crypto investments. Cryptocurrencies seem like an obscure and risky investment to most, and unsurprisingly, concerns about losing assets in market crashes, losing wallets or security keys through carelessness, or being scammed by unscrupulous operators are prevalent. These concerns are reasonable considering the volatility of the market and the prevalence of sharks, crooks, bluffers and shysters who operate in the industry. In …

The Flare (FLR) token airdrop started on Mon., Jan. 9, nearly two years after a snapshot of Ripple (XRP) holders took place on Dec. 12, 2020. The FLR airdrop was distributed at a ratio of 1.0073 FLR per 1 XRP and the initial distribution saw 15% of the total supply released to the community. A total of 28.5 billion FLR were distributed based on this methodology and according to Flare’s tokenomics, 58.3% of the total genesis FLR supply will be distributed over 36 months. What is Flare? Flare is a Layer-1 blockchain with an oracle system aiming to boost interoperability …

UK crypto app Tap Global has become the first 2023 listing on the Aquis Stock Exchange (AQSE), according to a press release from the company. The listing was accomplished through a reverse takeover by Quetzal Capital, according to a press release on Jan. 10. The first #AQSE listing this year. Thank you to @SimonPeterHunt of The Evening Standard (@standardnews) for covering the news of our stock market debut. #TAP #RTO #PLC Full article: https://t.co/NK5Wp2VqjG — Tap Global Group Plc (@TapGlobalPlc) January 10, 2023 Tap provides fiat banking services, a crypto swap service that sources crypto from partner exchanges, and access …