NFT investor accidentally burns $135k CryptoPunk trying to borrow money
A nonfungible token (NFT) from the CryptoPunks collection worth 77 Ether (ETH) was sent to a burn address to be permanently destroyed. However, the collector’s intent was just to borrow…
Animoca Brands cuts metaverse fund target to $800M: Report
Hong Kong-based Animoca Brands, a developer of blockchain gaming technology, has reportedly cut its target for its metaverse fund by a further 20% to $800 million, Reuters reported, citing sources…
‘US has left a vacuum that other countries are eager to fill’: Coinbase
With Coinbase seemingly on the verge of a court battle with the Securities and Exchange Commission (SEC), the firm has emphasized that the U.S. government’s hawkish approach to crypto regulation…
White House report takes aim at Bybit — and forgot about Deribit
The White House released its annual economic report on March 20, and it dedicated an entire section to digital assets. The authors should be commended for doing so. I largely…
US Treasury’s Financial Stability Oversight Council held unscheduled, closed meeting
The United States’ most powerful financial regulators gathered on March 24 by video conference for an unscheduled, closed meeting of the Treasury Department’s Financial Stability Oversight Council (FSOC), the department…
German dwpbank to offer Bitcoin trading to 1,200 affiliate banks on new platform
Deutsche WertpapierService Bank (dwpbank), which offers securities processing to around 1,200 banks in Germany, is creating a new platform, wpNex, that will offer Bitcoin (BTC) to all of its affiliates’…
European banks head into another weekend of uncertainty as default risks surge
European banks are going into the weekend with renewed fears surrounding their future, as shares of Deutsche Bank plunged over 7% on the New York Stock Exchange on March 24, after…
What are gift card scams, and how to avoid them?
Gift card scams are fraudulent activities where scammers trick people into purchasing gift cards and providing them with information such as the card’s code or PIN. Scammers utilize a variety…
Fed balance sheet adds $393B in two weeks — Will this send Bitcoin price to $40K?
As of March 22, the Fed’s balance sheet surged by nearly $94.5 billion — a $297 billion increase from the last week when the banking crisis started. New QE hopes boost Bitcoin…
Heavyweight champ Oleksandr Usyk seeks to tokenize boxers’ careers
IBF, WBO and WBA heavyweight boxing champion Oleksandr Usyk has put his weight behind a blockchain platform that aims to tokenize and support the boxing industry. The Olympic gold medalist…