Industry
The diverse guardians needed for safe self-custody
Ethereum co-founder Vitalik Buterin emphasized the importance of having various "guardians" to maximize the security of self-custody of crypto assets through multisig and social recovery wallets.Hallie GillUSDC depeg will hamper stablecoin growth, heighten regulatory scrutiny
Recent turmoil in traditional banking, culminating in USDC, Credit ratings agency Moody’s Investors Service believes that losing the peg could negatively impact stablecoin adoption and could increase calls for regulation.Jerry McNeillFTX Debtors Report Claims $11.6B, Assets $4.8B, Many Crypto Assets 'Unidentified'
Debtors in the FTX bankruptcy case reported that various corporate silos have more than $4 billion in scheduled assets as of November 2022, but said they are still investigating the company’s crypto holdings.Sherry CantwellReal-world asset tokenization lacks infrastructure, not just regulation
Next-generation securities and asset tokenization is hampered by a lack of infrastructure and regulatory standards around the world, according to BlackRock's Larry Fink.James DeanMetaMask Addresses Privacy Concerns With New Features That Enhance Control
Web3 wallet app MetaMask has introduced a number of new features designed to enhance privacy and give users more control, according to a March 14 blog post from the developer.James DeanStargate Foundation advises DAO not to reissue STG tokens
Due to concerns raised by FTX liquidators, the Stargate Foundation has advised its Decentralized Autonomous Organization (DAO) against reissuing Stargate’s native Stargate Finance (STG) token.Craig GreenCoinbase Bans BUSD Trading
U.S.-based cryptocurrency exchange Coinbase announced on March 13 that it has suspended trading in the Binance Dollar (BUSD) stablecoin.Christopher Smith$314M in USDC Sent to Empty Addresses as Redemptions Begin
According to the statistics of Watchers, a Web3 analysis platform, there are a total of 314.167 million USDC, Sent by its issuer, Circle, to an empty Ethereum address with header 0x00 on March 13.Cornell RachelOkcoin Suspends USD Deposits After Signature Bank Shuts Down
The U.S. subsidiary of cryptocurrency exchange OKX has not approached defunct U.S. tech bank Silicon Valley Bank (SVB), according to a March 13 tweet from Okcoin CEO Hong Fang.Martha GrizzardNo immediate danger to BlockFi, despite Silicon Valley Bank risk
Lawyers representing bankrupt cryptocurrency lender BlockFi Inc. said that while the company has more than $200 million in exposure to Silicon Valley Bank,Hallie GillU.S. banks experience volatility, trading halts amid bank failures and presidential assurances
Shares of bank stocks had a roller-coaster ride over the weekend and on March 13. Trading at dozens of regional U.S. banks has temporarily halted amid volatility and falling prices.Jerry McNeillFBI, New York authorities investigate TerraUSD stablecoin debacle
The U.S. Department of Justice is reportedly investigating the collapse of the TerraClassicUSD (USTC) stablecoin, which cost the Terra ecosystem $40 billion last May.Sherry CantwellBiden promises 'at no cost to taxpayers' to protect SVB, Signature savers
The overnight collapse of two major traditional banks Silicon Valley Bank (SVB) and Signature Bank set off a chain of events that impacted millions of businesses, venture capitalists, and bottom-line investors.Barry StidhamSignature Bank shut down for failing to provide data, watchdog says
According to a March 14 report by the International Business Times, the New York State Department of Financial Services (NYDFS) closed Signature Bank because of “failure to provide consistent and reliable data,”Craig GreenSignature Bank and ex-executives sued by shareholders for alleged fraud
On March 14, a class-action lawsuit was filed against the recently shuttered crypto-friendly New York-based Signature Bank and former CEO Joseph DePaolo, CFO Stephen Wyremski and COO Eric Howell for alleged fraud, Reuters reports .Christopher SmithTassat Blockchain Joins FedNow Service with B2B Portal as Pilot Ready to Launch
Blockchain operator Tassat announced on March 14 that it will provide access to the U.S. Federal Reserve’s FedNow payments system.Cornell RachelBinance CEO Announces Restoration Fund Switch From BUSD To "Native Cryptocurrency"
The collapse of three major crypto-friendly banks Silicon Valley Bank (SVB), Silvergate Bank, and Signature Bank has caused the U.S. Dollar Coin (USDC) stablecoin to drop from its $1 peg to $0.87.Martha GrizzardPrivacy-focused blockchain network shuts down Aztec Connect tool
Privacy-oriented blockchain platform Aztec is preparing to shut down Aztec Connect, the network's privacy infrastructure that serves as an encryption layer for ethereumHallie Gill11 DeFi protocols lost including Balancer due to Euler attack
The March 13 flash loan attack on Euler has gone viral, causing 11 different decentralized finance (DeFi) protocols to freeze or lose funds, according to their respective reports on Twitter.Jerry McNeillOpenSea patches vulnerability that could have exposed user identities
Non-fungible token marketplace OpenSea has reportedly patched a bug that, if exploited, could have exposed the identities of its anonymous users.Sherry Cantwell
