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1.  San Francisco-based cryptocurrency exchange Kraken announced that it will begin offering token staking services that will compensate crypto wallet holders with financial rewards. Tezos will be the first available cryptocurrency token to be staked from Friday, December 13. Kraken said its goal is to make staking more accessible in order to encourage more participation in cryptocurrency. By offering token staking on its platform, Kraken users will be able to leverage their proof-of-stake (POS) holdings to validate the Tezos network.

2.  Binance is looking to expand its token trading pair listings for its US platform by as many as 18 new cryptocurrencies. Binance.US, the American arm of Binance announced that it was exploring new additions to its trading catalog. According to the statement, the crypto exchange platform is considering adding 18 new tokens to the 19 already listed on Binance.US. These new tokens under consideration include Tron (TRX), Tezos (XTZ), Ontology (ONT) and Enjin Coin (ENJ) among others.

3.  The Bank of Lithuania said that central banks’ “parental controls” are obsolete when it comes to crypto assets, but that should not prevent them from entering the space in order to understand it. Bank board member Marius Jurgilas said in an accompanying statement: “It is fascinating to follow how fast the area of digital assets and currencies is evolving. The preferred approach is to face the risks and gain hands-on experience in a controlled environment.”

4.  In a move that could never happen in any other space, Square Crypto — the crypto arm of the payments company Square, has announced that it is giving a grant to a Pseudonymous, part-time Lightning Network developer who goes by the name “ZmnSCPxj” to support his work. ZmnSCPxj has been providing analyses of existing proposals and writing up comprehensive proposals. The grant is meant to help him quit his day job and conduct Lightning and Bitcoin work on a full-time basis.

5.  Twitter CEO Jack Dorsey has revealed he wants to create an open standard for decentralized social media. And the goal is for Twitter to ultimately be a client of this standard. Twitter is funding a small independent team of up to five open source architects, engineers, and designers to develop an open and decentralized standard for social media, Dorsey told. Dorsey believes that the new standard should be developed openly and transparently, and should not belong to any single private corporation.

6.  Chinese Bitcoin (BTC) miners are now responsible for controlling as much as 66% of global hash rate, a new report claims. Hash rate is a measure referring to the overall computing power involved in validating transactions on the Bitcoin blockchain. According to a study by London-based digital asset manager CoinShares, China’s Sichuan province is accounting for over 50% of the global hash rate. Other leading crypto mining centers in China include the provinces of Yunnan, Xinjiang and Inner Mongolia.

7.  The New York Department of Financial Services (NYDFS) is planning to update its virtual currency license.The first proposal stipulates that the NYDFS will provide a list of all coins that are allowed for virtual currency business activities without the prior approval by the authority. The second update includes a proposed model framework for coin listings that can be implemented to create a specific coin listing or adoption policy. Proposal will enable the licensee to self-certify the listing or adoption of new coins.

8.  Netherlands-based banking multinational ING is developing technology for the custody of crypto assets, according to Reuters. The sources "familiar with the matter" indicated that the ultimate aim of the initiative is to provide secure crypto storage facilities for the bank's customers. ING said it “sees increasing opportunities with regard to digital assets on both asset backed and native security tokens,” and is taking a particular focus on developing blockchain technology to open up the sector for clients.