The DigiToads project has been making waves in the cryptocurrency world with its recent announcement of selling out stage 1 of the presale and a 20% increase in the price of its native token, TOADS.

An illicit online marketplace where users sold stolen passwords, bank account information and other sensitive data was shut down by US, UK, Dutch and other law enforcement agencies.  

The process of holding or locking up a specific quantity of cryptocurrencies to sustain a blockchain network’s operations and get incentives for doing so is referred to as crypto staking in DeFi.

Crypto tokens are digital assets that run on a blockchain network. They have gained immense popularity in the past few years, thanks to the success of cryptocurrencies like Bitcoin and Ethereum.

While crypto companies in the United States are fleeing to more favorable jurisdictions, traditional financial institutions elsewhere are increasingly tapping the digital asset space. In the latest development, Swiss government-owned retail bank PostFinance partnered with Sygnum to offer its customers a range of regulated digital asset banking services.

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Switzerland's fifth-largest financial services firm, PostFinance, is partnering with regulated digital asset services provider Sygnum Bank to offer its 2.5 million customers access to cryptocurrency. Customers will be able to buy, store and sell leading cryptocurrencies such as bitcoin and ether, with more crypto-tokens to be added later. The decision to branch into crypto was driven by outflows from retail banks in Switzerland into the digital asset class. PostFinance's move into crypto is in stark contrast to the US, where there is a concerted effort to stamp out cryptocurrency. Sygnum Bank has a banking license from Swiss regulators and caters to a range of institutions, including Cantonal banks and private banks.

The U.S. Department of Justice (DOJ) announced Monday that it has seized cryptocurrency worth more than $112 million “linked to cryptocurrency investment scams.” Noting that the Federal Bureau of Investigation (FBI) Phoenix Division is investigating this case, the announcement details:

The company also revealed plans to add support for sending ERC-1155 tokens in the near future.