• NFT sales decreased by 5.44% week-over-week to $193.08 million • Ethereum dominated the market with more than $107 million in sales • Top five collections included Cryptopunks, BAYC, MG Land, Otherdeed and HV-MTL Overview of NFT Sales Non-fungible token (NFT) sales for the past week totaled $193.08 million, a drop of 5.44% from the previous week. Ethereum […]
Bank Seizures and Shutdowns: Blackrock CEO Warns of Regulatory Risks
• Blackrock CEO Larry Fink has warned that tighter bank regulation could lead to additional bank seizures and shutdowns. • Silicon Valley Bank, Signature Bank, and Silvergate Bank have already failed in recent weeks as a result of asset-liability mismatches. • Fink anticipates that banks may become more constrained in their lending, leading clients to turn to the […]
Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Depegging Incident
• On March 11, 2023, Makerdao issued an emergency proposal to address the $3.1 billion in USDC collateral that backs its stablecoin DAI. • Makerdao’s emergency proposal aims to limit the project’s exposure to potentially impaired stablecoins and other risky collateral while maintaining liquidity of DAI. • The proposed changes are expected to be posted in the next […]
Crypto Markets Stabilize, BTC & ETH Consolidate Recent Losses
• Bitcoin and Ethereum prices recovered from Friday’s sell-off, consolidating recent losses to start the weekend. • BTC/USD rose above a long-term support point at $22,300 following yesterday’s low of $22,213.24. • ETH/USD also rose above a price floor at $1,560 today, with bulls rejecting a breakout of 44.00 RSI support. Bitcoin and Ethereum Recover From Sell-Off Cryptocurrency […]
Chain Reaction Raises $70M to Develop Blockchain Silicon
• Chain Reaction, a Tel Aviv-based blockchain startup, has raised $70 million as part of its Series C funding round. • The objective of the company is to expand its engineering staff to accelerate the production of its blockchain-focused silicon and collaborate in the development of its cryptographic-focused chips. • Chain Reaction plans to use its first batch […]
Norway Seizes $6M in Crypto from Axie Infinity Heist with FBI’s Help
• Norwegian authorities, in collaboration with the FBI and DOJ, have seized $6 million from the Axie Infinity heist. • The North Korean hacker group Lazarus was behind the heist. • The US Treasury Office of Foreign Assets Control sanctioned crypto mixer Blender.io for laundering proceeds from the attack. Norway Seizes Crypto Worth $6 Million From Axie Infinity […]
Russia Building $12.3M Crypto Mining Farm in Buryatia, Siberia
• A 100-megawatt data processing center dedicated to the minting of digital coins is being built in Russia’s Buryatia Republic. • The project is supported by a government-affiliated company and will cost 900 million rubles (over $12.3 million). • The facility will create about 100 jobs and be powered at almost half the regular tariff. State-backed Crypto Mining […]
Uzbekistan Grows Crypto Revenue to Over $300K with New Licensing System
Overview of the Article Uzbekistan has collected over $310,000 in revenue from the crypto sector. Crypto companies have to pay monthly fees for their activities, with exchanges such as Uznex paying more than $10,000 a month. Individuals and organizations related to crypto transactions are subject to taxation in Uzbekistan. Government Revenues from Crypto Sector Uzbekistan is receiving a […]
FTX Bankruptcy Case: Motion to Question Sam Bankman-Fried and Inner Circle
– FTX lawyers have filed a motion to question co-founder Sam Bankman-Fried, his brother Gabriel Bankman-Fried, and his parents Joseph Bankman and Barbara Fried in regards to the bankruptcy case. – The motion additionally intends to question top deputies of Bankman-Fried, such as co-founder Gary Wang and ex-Alameda Research CEO Caroline Ellison. – FTX CEO John J. Ray […]
Cosmos and Solana Surge Higher as They Move Closer to Key Resistance Levels
• Cosmos (ATOM) raced higher for a second straight session, after recently snapping a four-day losing streak. • Solana (SOL) also moved higher earlier in the day, as price bounced from a key support point. • Looking at the charts, both tokens are close to key resistance levels, with RSI hovering near a ceiling. Friday saw significant gains […]
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