On March 22, the FTX team agreed to start the recovery of $460 million invested by Sam Bankman Fried in a venture capital Modulo Group. The funds were wired by the FTX affiliate company Alameda research in 2022. Based on the FTX…
The prominent American venture capitalist and crypto entrepreneur Tim Draper presented his speech at the 2023 Blockchain week in Paris. In his statement, Draper recited a Bitcoin song he had composed to narrate investors’ loss of confidence in banking. Draper’s piece, “The…
Dante Disparte, the chief strategy officer at Circle Internet Financial Ltd., has confirmed that his Twitter account has been hacked. The Circle team tweeted on March 22 revealed that bad actors compromised Disparte’s Twitter profile to promote fake USD Coins. The hackers…
The embattled crypto exchange Bitzlato has activated the user interface to allow consumers to withdraw 50% of their Bitcoin assets. The Bitzlato team has encouraged users to use the Telegram bot and Phoenix bots to withdraw their frozen assets. A telegram statement…
On March 20, the International Monetary Fund (IMF) legislators issued a report on the impact of central bank digital currency (CBDC) on Islamic banks. The IMF official examined the CBDC and monetary policy’s relationship to understand its impact on Islamic banking. The…
The UK-based lending platform Euler Finance has been holding private meetings with the exploiters who stole $196 million. The March 16 flash loan attack prompted the Euler team to develop strategies to recover the stolen amount that has started to bear fruits.The…
The Monetary Authority of Singapore (MAS) regulators issued a press release on March 20 revealing plans to publish the final crypto and stablecoin consultation report. The MAS report revealed that the consultation report is expected to be posted by mid-2023. The proposed…
A report from the Financial Supervisory Commission of Taiwan (FSC) issued on March 20 revealed that the formulation of the crypto regulatory framework is at its preliminary stage. The report stated that the FSC is tasked to oversee the operation of Taiwan’s…
On March 20, members of the Australian Banking Association(ABA) issued a report on a study conducted to investigate the impact of Covid-19 and macroeconomic pressure on the cost of living in the region. The study aimed to support ABA groups and legislators…
On March 15, the crypto-friendly country El Salvador launched a Bitcoin training program to push the mainstream adoption of cryptocurrency. The training program aims at equipping developers with skills on Web3 and blockchain technologies. The Salvadoran government collaborated with the largest stablecoin…
On March 17, the Europe-based software development company Albacore updated the Twitter community on the unexpected entrance of Microsoft into the crypto world. The tweet revealed that the American-based software company Microsoft had developed a unique digital wallet centered on its Edge…
The regulatory watchdog in the Netherlands issued a report on March 16 revealing plans to implement stricter policies when enacting the market in crypto asset laws (MiCA). The report was supported by the head of authority for the financial market (AFM) Laura…
Gaimin, Switzerland’s leading Web3 gaming developer, has activated a unique game launcher on its platform. A report from the Gaimin team dated March 16 revealed that the company would integrate a rewarding system to boost gaming interest. The team plans to launch…
The Beijing-based hackathon facilitator DoraHacks has signed a partnership agreement with Oraichain to push for the adoption of Layer 1 technologies for artificial intelligence (AI). The team plans to launch new projects to expedite blockchain-powered AI technology development. In the March 16…
The South Korean-based gaming company Wemade has sealed a partnership deal with Microsoft- backed Space and Time to expand its presence in the Web3 world. Wemade issued a report on March 15 disclosing the plans of the partnership. According to the report,…
The first federal chartered crypto financial provider Anchorage Digital has revealed plans to downsize the workforce. A report from the Anchorage management dated March 13 revealed that the firm would trim 20% of its workforce to survive the harsh macroeconomic impulses and…
The popular online fashion store DressX has announced to generate $15 million from a series A funding round closed in February. The fashion company launched the funding round to generate a substantial amount necessary for the company to restructure and expand its…