News Around The Web

Paris Blockchain Week 2023: Latest updates by Cointelegraph

The Paris Blockchain Week agenda includes high-profile speakers from the Web3, crypto and blockchain ecosystems. PBW 2023 is expected to host over 10,000 attendees.

Polygon, Immutable zkEVM to tackle ‘huge incumbents exploiting players’

A new zkEVM to be launched by Ethereum Layer 2 solutions Polygon and Immutable is said to allow game developers to focus on creating a fun game, rather than...

US exploring ways to guarantee the country’s 18T of bank deposits: Report

The Treasury Department is said to be sounding out what it would take to expand FDIC insurance well above the current cap of $250,000.

Arbitrum token finds its way to OTC market before airdrop

In anticipation of the Arbitrum token airdrop, members of the user community qualified for it are already selling their yet-to-be-received tokens through OTC markets.

Holding Bitcoin: A profitable affair 88.5% of days

The unprofitable days were between Dec. 28, 2022, and June 12, 2022, when Bitcoin was priced above the $26,246.58 and $28,344.5 range.

Cardano: Snoop Dogg's Iconic NFT Collection Unveiled by Clay Nation

Cardano's most hyped NFT project unveils legendary Snoop Dogg collection

Bitcoin hits $28k as uncertainty surrounds banks

The leading cryptocurrency is trading at $28,063 on March 19, a 2.4% increase in the past 24 hours.

Bitcoin ATM maker shuts cloud service after user hot wallets compromised

General Bytes has reported a security breach caused by a vulnerability that allowed a hacker to access private API keys and hot wallets.

FDIC sells Signature Bank deposits to Flagstar, crypto not included

A subsidiary of New York Community Bancorp is set to acquire $38.4 billion in customer deposits previously owned by Signature Bank. It will however...

Australian Banking Association’s cost of living inquiry reveals bank pressure

The ABA acknowledged that many Australians would struggle to adjust to a higher cost of living, while it may be easier for some.

Legendary Trader Peter Brandt Releases Important Price Warning for Bitcoin (BTC)

Peter Brandt believes Bitcoin will fill recently appeared gap and plunge

BitGo patches critical vulnerability first discovered by Fireblocks

Cryptocurrency wallet platform BitGo patches a critical vulnerability that would allow attackers to gain access to users’ private keys.

Binance replaces BUSD in SAFU fund with TUSD and USDT

Binance swaps its BUSD holdings in its SAFU fund for TUSD and USDT in light of Paxos’ decision to discontinue producing BUSD at the request of New York regulators.

Real-world assets tokenization lacks infrastructure, not just regulation

Asset tokenization has been held back by a lack of infrastructure, as well as regulatory standards worldwide.

Microsoft reportedly testing Edge browser web3 wallet integration

If the reports are true, Edge users can buy, sell and trade crypto directly from their browser-based wallet.

Diversified set of guardians required for safe self-custody: Vitalik Buterin

The Ethereum co-founder also suggested that crypto degens must have fast-responding guardians or their trading activity will suffer.

Blockchain Association seeks info from Fed, FDIC and OCC on ‘de-banking’ crypto firms

In the week following the closure of Signature Bank, the Blockchain Association is seeking information for "troubling allegations" involving crypto firms and banks.

Ethereum core developers set April 12 for Shanghai hard fork

April 12 is the new target date for the highly anticipated Shanghai hard fork, enabling staked ETH withdrawals.

Orca DEX to block US users from trading with its interface

Orca is a Solana-based DEX that did over $634 million in volume in February.

Swiss Bankers Association proposes deposit tokens to develop digital economy

The Swiss Bankers Association has released a white paper that favors the development of a Swiss franc-denominated deposit token for the development of the nation’s economy.

MakerDAO passes proposal for $750M increase in US Treasury investments

MakerDAO passed a proposal on March 16 to increase its portfolio holdings of United States Treasury bonds by 150%.

Crypto assets to become a separate category in UK tax forms

British citizens will have to declare their crypto assets for the first time in the tax year 2024–25.

Post-Merge Ethereum: Grayscale extends review of ETHPoW decision

Grayscale Investments is taking more time to decide whether it should acquire and sell post-Merge forked Ethereum tokens known as ETHPoW.

Arbitrum Launches Native Governance Token ARB and Self-Executing DAO Governance Model

The Ethereum layer two (L2) scaling solution Arbitrum has launched a native governance token named ARB and a self-executing DAO.

ChatGPT won’t replace developers — ETHDubai devs weigh in

Blockchain developers attending ETHDubai believe ChatGPT is not a threat, but a useful tool for security audits and code reviews of smart contracts.

Europol seizes $46M from crypto mixer after $2.88B allegedly laundered

"Ransomware actors have also used this service to launder ransom payments they have received," Europol wrote.

Swiss National Bank says it will support Credit Suisse if necessary

Credit Suisse meets all capital and liquidity requirements, said Swiss regulators.

Senator Warren says Fed chair 'has to recuse himself' from reviewing regulatory failures

With the Federal Reserve set to review its supervision and regulation of Silicon Valley Bank, Senator Elizabeth Warren has called on Chair Jerome Powell to recuse himself.

Formfunction to shutter marketplace amid Solana NFT slump

While Solana NFTs see a decline in prices and volume, Solana-native NFT marketplace Formfunction announced it is shutting down just over a year after its launch.

Federal Reserve confirms July launch for FedNow instant payment service

On the back of the shutdown of Silvergate's SEN and tough times facing Signature Bank, the Federal Reserve has announced that FedNow is launching in just a few months time.

Coinbase files brief in SEC Wahi case, says it doesn’t sell securities but would like to

Cryptocurrency exchange Coinbase filed an amicus brief in the case of its former product manager and others who are accused of violating securities law in addition to insider trading.

Euro Parliament approves Data Act that requires kill switches on smart contracts

The European Parliament has passed the Data Act, including provisions on smart contracts that have raised concerns among experts.

MetaMask addresses privacy concerns with new features for enhanced control

Previously, MetaMask automatically sent user data to its sister company, Infura, before setup was completed.

Breaking: Shanghai upgrade executed on testnet but not without issues

The Shapella upgrade has been implemented into the Goerli testnet. Ethereum validators are now one step away from being able to unstake their Ether from the Beacon Chain.

DOJ and SEC to probe SVB collapse and insider stock sales: Report

The Securities and Exchange Commission and the Department of Justice are investigating the collapse of Silicon Valley Bank, according to reports.

Meta Winding Down Support for NFTs on Facebook, Instagram

U.S. tech giant Meta is giving up on operations with non-fungible tokens (NFTs) amid ongoing turbulence in the crypto space.

314M USDC sent to null address as redemptions begin: Report

The token traded as low as $0.87 two days prior.

Coinbase disables trading for BUSD

The company said its decision to disable trading for BUSD would apply to Coinbase.com (simple and advanced), Coinbase Pro, Coinbase Exchange and Coinbase Prime.

Shareholders file lawsuit against Silicon Valley Bank, alleging fraud: Report

Shareholders accused Silicon Valley Bank of concealing its vulnerability to a bank run due to rising interest rates.

FBI, NY authorities probes collapse of TerraUSD stablecoin: Report

The U.S. FBI and New York officials are the latest U.S. agencies to probe the collapse of the TerraClassicUSD stablecoin. It is unclear what charges they are pursuing.

Binance to lose its British pound on- and off-ramp provider in 9 weeks

The wallet service provider of Binance that facilitates deposits and withdrawals of the British pound has informed Binance that it will finish up its services in May. 22...

Biden pledges ‘no cost to the taxpayer’ to shield SVB, Signature depositors

After the federal intervention, Biden assured American citizens that the traditional financial system was safe.

SHIB Metaverse Experience Becomes Gem Many People Are Queueing for at SXSW 2023

As SXSW event continues, Shiba Inu Metaverse booth has become popular place with guests

US Treasury Secretary Yellen working on SVB collapse, not a bailout: Report

U.S. regulators are reportedly working to address Silicon Valley Bank collapse, but not considering a major bailout.

Breaking: Signature Bank closed by New York regulators, citing 'systemic risk'

Signature Bank has been closed, although all depositors will be fully protected, according to the Federal Reserve.

US Fed announces $25B in funding to backstop banks

The Federal Reserve's $25 billion Bank Term Funding Program (BTFP) will offer up to one year loans to certain banks.

Ripple CEO assures ‘strong financial position’ despite SVB collapse

Brad Garlinghouse, CEO of Ripple, the issuer of XRP, said on Twitter that the company’s day-to-day operations were unaffected by the collapse of Silicon Valley Bank.

Coinbase, Celsius and Paxos disclose funds in Signature Bank

Signature Bank was a critical partner for cryptocurrency businesses and those with exposure to the crypto-friendly financial firm are coming forward to reveal their ties in a bid for transparency.