US Excongressman Believes Regulators Let Banks Know Cryptocurrencies Are Toxic
Signature Bank was reportedly able to resolve their outflow of deposits by the time the New York state regulator had chosen to close the financial institution.
Ark Invest Spends $7M to Buy Shares of Jack Dorsey’s Block
Ark Invest funds have acquired 92,165 shares of Jack Dorsey’s Block for a reported $6.4 million, with ARK Innovation ETF (ARKK) buying the most (77,991 shares).
Meta Halts NFT Initiative
Meta is winding down its support of non-fungible tokens (NFTs) on its social media platforms, Facebook and Instagram.
Coinbase Resumes USDC Exchange for US dollars
Coinbase has resumed operations for the exchange of USDC stablecoin for the US dollar.
OKCoin Suspends USD Deposits
OKCoin has announced it has temporarily stopped accepting dollar deposits due to banking sector issues.
Binance Transfers $1B from BUSD to Bitcoin and Ether
Binance has announced its intention to convert $1 billion of its Industry Recovery Initiative fund assets into Bitcoin, Ether and BNB.
Euler Finance Is Targeted By Hackers
Euler Finance faced a flash loan attack on March 13 that resulted in the theft of millions of dollars worth of DAI, USD Coin, staked Ether (StETH), and wrapped Bitcoin (WBTC).
AML Laws to Be Implemented to Crypto in India
The Indian Ministry of Finance has decided to extend anti-money laundering legislation to the digital currency market.
The Fed is Creating a Team of Crypto Experts
Michael Barr, a Fed spokesman, has confirmed the regulator plans to create a group of crypto experts.
HSBC Takes Ove Silicon Valley Bank’s British Arm
HSBC has announced it has acquired the British “daughter” of Silicon Valley Bank for £1 ($1.21).
Gwyneth Paltrow Participates in Funding Round of Web3 Platform Wild
Wild, a digital art-focused Web3 platform, has raised $7 million in seed funding in a round led by venture capital firm Matrix Partners.
Hut 8 Mined 3,568 BTC in 2022
Hut 8 Mining’s revenue amounted to 150.7 million CAD ($109 million) last year, a decrease of $23.1 CAD from the previous period.
