Industry
FTX 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 GreenMulti-chain wallet BitKeep raises $30 million at $300 million valuation
On March 22, cryptocurrency derivatives exchange Bitget announced a $30 million investment in multi-chain wallet BitKeep at a valuation of $300 million.Christopher SmithPowell says Fed confused by SVB collapse
U.S. Federal Reserve Chairman Jerome Powell admitted his regulators were caught off guard by the sudden collapse of the Silicon Valley bank, even though it was under their watch.Cornell RachelUAE central bank signs CBDC strategy agreement
The Central Bank of the United Arab Emirates (CBUAE) is about to fully launch its central bank digital currency (CBDC) the digital dirham for domestic and cross-border payments.Wayne IngramTerraform Labs co-founder Do Kwon reportedly arrested in Montenegro
A suspected Terra co-founder Do Kwon was arrested in the Balkan country on March 23, according to a post by Montenegro's Interior Minister Filip Adzic.Hallie GillCircle CEO says banking turmoil is pushing cryptocurrencies to 'unregulated'
The CEO of Circle believes that the ongoing crisis and uncertainty in the global banking system may push the cryptocurrency market into a regulatory gray area.Jerry McNeillHindenburg Research Report Blocks Short Positions, Alleges Fraudulent Facilitation and Inflated Metrics
A report following a two-year investigation by Hindenburg Research said digital payments firm Block "systematically exploited demographic data it claimed was helpful," accusing the company of inflating user metrics and facilitate fraudulent practices.Sherry CantwellDo Kwon faces fraud charges from U.S. prosecutors hours after arrest
Terraform Labs CEO Do Kwon has been charged with fraud by U.S. prosecutors in New York, hours after his reported arrest in Montenegro.Craig Green3AC co-founder could answer subpoena or 'take a chance' US judge
Kyle Davis, co-founder of bankrupt cryptocurrency hedge fund Three Arrows Capital, has been ordered to answer a subpoena issued to him in January or risk contempt of court.Christopher SmithChatGPT can now access the internet with a new OpenAI plugin
ChatGPT, an artificial intelligence chatbot, can now retrieve information from online sources and interact with third-party websites through a new plug-in feature introduced by its creator, OpenAI.Martha GrizzardTether, the USDT issuer, has as much as $1.7B in excess reserves, says CTO
Crypto Company Tether - Issuer of Stablecoin Tether - Tether CTO Paolo Ardoino told Cointelegraph at Paris Blockchain Week 2023 that a profit of $700 million is expected in the first quarter of 2023, on par with the last quarter of 2022 .Hallie GillBinance Employee Allegedly Helping Chinese Clients Bypass KYC Controls
Since the FTX scandal, the world's largest cryptocurrency exchange, Binance, has made a major effort to become the industry leader in transparency. However, a new report claims that Binance insiders are suspected of helping users bypass security protocols.Jerry McNeillBinance Spot Trading Suspended Over Issue With Trailing Stop Orders
Cryptocurrency exchange Binance has encountered major issues with spot trading on the platform. According to an announcement from Binance’s official Twitter account, on March 24, Binance suspended all spot transactions.Sherry CantwellzkSync Era launches with Uniswap and Sushi -first zkEVM on mainnet
Some of the biggest names in decentralized finance, including Uniswap, Sushi, Maker, and Curve, will launch zero-knowledge proof rollup zkSync Era on March 24.James DeanVenture capitalists drop Zipmex bailout, company warns of consequences
According to reports, cryptocurrency exchange Zipmex has not received the latest payment under the acquisition agreement with venture capital firm V Ventures.Craig GreenEuropean banks head for another weekend of uncertainty as default risks surge
European banks are heading into the weekend with fresh worries about their future, as shares of Deutsche Bank plunged more than 7% on the New York Stock Exchange on March 24 after a day of losses in Frankfurt.Christopher SmithAnimoca Brands cuts metaverse fund target to $800M
Hong Kong-based blockchain gaming technology developer Animoca Brands has lowered its metaverse fund target by a further 20% to $800 million, Reuters reported, citing people familiar with the matter.Wayne Ingram
