ARK Invest’s Cathie Wood ‘not surprised’ at crypto market rebound The CEO of ARK Invest said it was no surprise that decentralized, transparent, and auditable crypto market appreciated as U.S. regional bank stock imploded. 10 hours ago · 2 min read
Binance CEO denies interest in CoinDesk
Ad Binance CEO Changpeng ‘CZ’ Zhao has denied interest in purchasing the crypto media outlet, CoinDesk. In a March 14 tweet, Zhao denied Blockwork’s report that his exchange was trying to acquire the media firm through its CoinMarketCap subsidiary. According to Zhao, Binance is “not buying” CoinDesk because it does not fit its “geographic coverage.”…
Dogecoin, Zcash, Litecoin resolve possible exploit; 280 other chains may be at risk
Ad Several blockchains contain vulnerabilities under the collective term “Rab13s,” according to a report from blockchain security firm Halborn on March 13. DOGE, ZEC, LTC resolve security issue Halborn said that it was contracted to inspect Dogecoin’s code in March 2022 and reported that the project has patched any vulnerabilities it found. Zcash similarly announced…
Facebook parent Meta to abandon NFT pursuits
Ad Stephane Kasriel, Head of Commerce and Financial Technologies at Meta, said on March 13 that his company plans to discontinue its non-fungible token (NFT) features. Meta will pursue fintech instead of NFTs Kastiel stated in a Twitter thread: “We’re winding down digital collectibles (NFTs) for now to focus on other ways to support creators,…
ARK Invest’s Cathie Wood ‘not surprised’ at crypto market rebound
Ad Cathie Wood, the founder and CEO of ARK Invest, said that more regional banks could fail if the ongoing banking crisis in the U.S. isn’t resolved. Wood looked back at the factors that led to Silicon Valley Bank and Silvergate to close down during the weekend, noting that it was the Federal Reserve’s responsibility…
Federal Reserve will re-examine its own oversight of Silicon Valley Bank
Ad The Federal Reserve Board announced that it will lead a review of its own supervision of Silicon Valley Bank (SVB), according to a statement on March 13. Fed will look into its own regulation Vice Chair for Supervision Michael S. Barr said that SVB’s failure necessitates “humility and … a careful and thorough review”…
Coinbase CEO discusses new staking service and reactions to regulatory hurdles
Ad Brian Armstrong, the CEO of Coinbase, told a recent episode of the Bankless podcast that cryptocurrency is the key to updating the current financial system. Armstrong said in the podcast that traditional system is outdated and slow, with laws and codes that are decades old. “The financial system needs to be updated. It’s slow,…
Signature Bank closure highlights benefits of holding Bitcoin, says Marathon Digital
Ad Bitcoin (BTC) miner Marathon Digital said its funds held at Signature Bank are safe and available for use despite the closure of the bank. In a March 13 statement, the BTC said $142 million in cash deposits at the bank and has access to the funds for treasury purposes. Besides that, Marathon said it…
Helium on last leg in Lebanon despite high adoption as profit, utility remain elusive
Ad Lebanese are starting to disconnect and give up on Helium boxes as the cost of keeping them online has become increasingly unsustainable and unprofitable, Wired reported. Lebanon has become a hotbed of crypto adoption and use as the country contends with a collapsed economy and banking system. Stablecoins are more common than fiat as…
Bitcoin hash rate booms as BTC breaks through $24k
The global crypto market cap is $ with a 24-hour volume of $. The price of Bitcoin is $24,081.17 and BTC market dominance is %. The price of Ethereum is $1,669.86 and ETH market dominance is %. The best performing cryptoasset sector is PoW, which gained 2,027%.