Industry
Freeport Clears SEC Reg A Review of Tokenized Art Offerings
On March 29, non-fungible token (NFT) startup Freeport announced it had passed the SEC’s Regulation A review to launch its blockchain platform for Andy Warhol prints Collective ownership of the four-piece collection.Craig GreenRoyalties Lost For Web3 Creators Higher Than Expected
The Non-Fungible Token (NFT) space has proven to be the gateway that helps users take their first steps into the Web3 space.Martha GrizzardBitcoin Price Briefly Hit $29,000 Despite Recent Binance Crackdown
The price of bitcoin briefly topped $29,000 on March 30, setting a new high for the year, despite the recent U.S. regulatory crackdown on crypto firms and related uncertainty.Hallie GillAustralian Senator Introduces Private Bill to Speed Up Crypto Regulation
A new bill has been introduced to the Australian Parliament proposing regulations for the provision of cryptocurrency services in the country.Jerry McNeillBitKeep Completes $8 Million Compensation for APK Vulnerabilities, Announces Name Change
On March 29, the multi-chain wallet BitKeep announced that it has fully compensated users affected by 7.2.9. The Android Package Kit (APK) exploit took place on December 26, 2022.Sherry CantwellBinance concealed ties to China for years, even after 2017 crypto crackdown
According to documents obtained by the Financial Times, Binance CEO Changpeng Zhao "CZ" and other senior executives have been hiding their ties to the Chinese cryptocurrency exchange for years.James DeanFTX Lawyers, Creditors Slam SBF Petition for Attorney Fee Reimbursement
A new petition by Sam Bankman-Fried seeking reimbursement of his legal expenses has been met with fierce opposition from lawyers representing the cryptocurrency exchange and its committee of creditors.Barry StidhamElon Musk and tech execs call for moratorium on AI development
More than 2,600 technology leaders and researchers have signed an open letter urging a moratorium on further artificial intelligence (AI) development, fearing "profound risks to society and humanity".Craig GreenDeFi insurance spending hits $34.4M in 2022
DeFi insurance companies will pay out $34.4 million in claims in 2022, according to a March 21 report from decentralized finance analytics firm OpenCover.Sherry CantwellZenGo Discovers 'Red Pill Attack' Vulnerability in Popular Web3 Apps
According to a blog post published by the developer of crypto wallet ZenGo, the company said it discovered a security flaw in a transaction simulation solution used by popular decentralized applications, or dApps. Dubbed a "red pill attack,"James DeanMetaMask Institutional unlocks separate ETH staking market
MetaMask Institutional will be the avenue for creating new Ethereum validators after announcing a new staking marketplace for its institutional clients.Barry StidhamCFTC Technical Committee Gathers in DC to Talk DeFi
U.S. commodity regulators were given a crash course in decentralized finance (DeFi) on March 22. Cryptocurrency executives briefed regulators on key issues affecting the space, including exploits, decentralization and digital identity.Craig GreenNFT Investor Accidentally Burns $135,000 in CryptoPunk Trying to Borrow Money
A non-fungible token (NFT) from the CryptoPunks collection worth 77 Ether, Sent to the destruction address for permanent destruction. However, the collector intends to borrow some money to purchase another NFT.Christopher SmithArbitrum Discord Hackers Share Phishing Announcements Amid Airdrop Hype
The crypto community’s warnings of a fake Arbitrum (ARB) airdrop came true as hackers managed to place a phishing link into Arbitrum’s official Discord server.Martha GrizzardEuler Finance Exploiters Return Over 58,000 Stolen Ether
Hackers who exploited lending protocol Euler Finance worth $196 million have returned most of the stolen assets, according to on-chain data.Wayne IngramKraken Suspends Plaid Withdrawals and Deposits Via ACH Silvergate
Major cryptocurrency exchange Kraken is experiencing difficulty accessing withdrawals and deposits through Silvergate’s automated clearing house (ACH)-related gateway.Hallie GillFTX seeks to recover $460 million from Bankman-Fried-backed VC firm
Bankrupt cryptocurrency exchange FTX is seeking to recover $460 million in allegedly misappropriated customer funds from venture capital firm Modulo Capital, which received a sizeable investment from Alameda Research last year.Sherry CantwellXapo Bank Enables USDC Deposits and Withdrawals
Bitcoin Custodian and Licensed Private Bank Xapo Bank Partners with Fintech Circle to Integrate USDC, Payment Rail as an alternative to SWIFT.James DeanFrench lawmaker proposes ban on cryptocurrency influencer promotions
French lawmakers have proposed banning the electronic promotion of certain financial products and services, including crypto assets, to protect consumers from potential risks.Barry StidhamDeloitte dabbles in immersive experiences as more industries move to Web3
Immersive experiences are already popular in the entertainment, gaming and fashion industries, but they can also be a tool for a variety of other business needs, such as simulating manufacturing operations and training managers to have sensitive conversations.Craig Green
