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17.03 / 05:29

business Adoption defi Sport Altcoin DAO Governance Token LinksDAO wins bid to buy its first golf course, says CEO

The decentralized autonomous organization (DAO)-operated golf startup, LinksDAO is primed to become the new owner of the Spey Bay Golf Club in Scotland after successfully winning a bid to buy the course initially listed for just over $900,000.

17.03 / 01:45

business Federal Reserve Central Bank Collapse of Silvergate and Silicon Valley Bank represent a challenge for crypto

The collapse of Silicon Valley Bank (SVB) and Silvergate Capital, some of the most crypto-friendly banks in the industry, has forced many crypto firms to hold their breath. The loss of a significant banking partner for many companies means it will be even harder for them to comply with regulations and offer their services in a way that is consistent with the expectations of the United States Securities and Exchange Commission.

17.03 / 01:07

business Stablecoin defi MakerDAO bonds DAI MakerDAO passes proposal for $750M increase in US Treasury investments

Lending protocol and stablecoin issuer MakerDAO passed a proposal on March 16 to increase its portfolio holdings of United States Treasury bonds by 150%, from $500 million to $1.25 billion.

16.03 / 23:49

business Adoption regulation DEX Decentralized Exchange Orca DEX to block US users from trading with its interface

The Solana-based decentralized exchange (DEX) Orca will block all United States users from trading using its web interface beginning March 31, according to a March 16 notice posted to its official website.

16.03 / 20:59

business Blockchain Law FTX YouTube FTX influencers face $1 Billion class-action lawsuit over alleged crypto fraud promotion

A class-action suit led by Edwin Garrison has been filed against “FTX influencers,” mostly on YouTuber, seeking $1 billion because they “promoted FTX crypto fraud without disclosing compensation.” The suit was filed March 15 in the Southern District of Florida Miami Division.

16.03 / 20:59

business Blockchain Shiba Inu Shiba Inu community divided over allegations of code, chain ID plagiarism

A series of events erupted in the official Shiba Inu (SHIB) Discord on Mar. 17, when a top-ranked community member, Steve, alleged identical chain IDs between that of the Shibarium layer-2 beta testnet ID and the Rinia testnet ID, an existing blockchain.

16.03 / 19:19

business Mining Altcoin Cloud Mining Bitcoin Crypto mining in 2023 — Is it still worth it? Watch Market Talks

In this week’s episode of Market Talks, Cointelegraph welcomes Justin Kramer, CEO of Badgerland Home Crypto Mining and a long-time cryptocurrency investor. When he is not attending to his own mining rigs, Kramer provides consultation services to home-based operations and larger startups on how to set up mining farms.

16.03 / 18:09

business Provident BTC coinbase Fallout SVB Silicon Valley Decentralize and the week’s Breaking News: SVB, USDC and BTC to 26k

Breaking news and insightful views: Cointelegraph’s Decentralize drops a new style of podcast, curated for you by the Cointelegraph news team.

16.03 / 17:03

business defi Africa U.S. Developed markets lagging behind in digital payments: BlackRock CEO

The CEO of American investment company BlackRock, Larry Fink, highlighted the potential of digital assets and tokenization for the asset management industry in his annual chairman’s letter to the company.

16.03 / 10:31

business regulation SEC coinbase Australian Coinbase met with Australian banking regulators over local crypto regulations

The Reserve Bank of Australia and Treasury have been holding private meetings with executives from Coinbase, with discussions revolving around the future of crypto regulation in Australia.

16.03 / 10:31

business Fraud FTX Court SBF’s inner circle received $3.2B, mainly from Alameda: Court filings

FTX and Alameda Research’s former top brass received $3.2 billion in payments and loans from FTX-linked entities, according to the FTX administrators handling the firm’s restructuring.

16.03 / 07:49

business Banks Federal Reserve Gold Interest rates Bitcoin Time US credit crunch means it’s time to buy gold and Bitcoin: Novogratz

The United States is headed for a credit crunch and now is the right time to buy gold, silver and Bitcoin (BTC), says Galaxy Digital founder and CEO Michael Novogratz.

16.03 / 06:09

business NFT solana Marketplace Solana NFT Formfunction to shutter marketplace amid Solana NFT slump

Formfunction, a Solana (SOL)-based nonfungible token (NFT) marketplace, has announced its closing up shop after only 13 months of operation amid a slump in Solana NFT prices and trading volumes.

16.03 / 03:03

business Blockchain Terra Usd Terra Luna Terra 1 year after $11M LUNC bets; Do Kwon wanted, funds paid, hedge stuck on FTX

Approximately one year prior, on Mar. 14, 2022, cryptocurrency trader GiganticRebirth (GCR) invited the then co-founder of CEO of Terraform Labs, Do Kwon, in a $10 million bet that the price of Terra Luna (LUNC) would be lower than its then price of $92.4 per token one year later. The blockchain executive accepted the offer, the second in the series after the day prior, when cryptocurrency trader Algod offered a $1 million bet that LUNC would be lower than $88 per token on Mar. 13, 2023, to which Kwon also accepted, resulting in two bets worth $11 million and prize money pool of $22 million .

16.03 / 02:43

business Adoption defi identity OpenAI co-founder’s 'World ID' project launches, along with SDK waitlist

Crypto unicorn Worldcoin has launched a waitlist for its “World ID” software development kit (SDK) — which will allow websites to verify the uniqueness and humanness of its users without storing their personal information.

16.03 / 02:43

markets business Banks Federal Reserve Central Bank Silicon Valley Blame traditional finance for the collapse of Silicon Valley Bank

The entire banking concept is based on the assumption that depositors will not want to withdraw their money at the same time. But what happens when this assumption fails? The answer lies in the asset-liability mismatch of banks, which can lead to disastrous consequences for the broader financial system.

16.03 / 01:03

business Banks Signature Bank collapses Crypto firms may turn to ‘shadow banks’ following major collapses — Molly White

In the wake of three major banks with ties to crypto firms collapsing, software engineer Molly White believes companies now looking at banking options may have to face “shadier” solutions.

16.03 / 00:49

business Blockchain Credit Suisse Swiss National Support Swiss National Bank says it will support credit Suisse if necessary

The Swiss National Bank (SNB) and the Swiss Financial Market Supervisory Authority released a joint statement on March 15 on the stability of the Swiss banking system and Credit Suisse. The problems of “certain banks in the USA” do not pose a risk for the Swiss financial system, they wrote.

16.03 / 00:49

markets business Blockchain Technology Web3 Software Digital Asset Salesforce Web3 to help brands build trusted and scalable NFT programs

Salesforce, a customer relationship management software firm announced the limited release of Salesforce Web3 on March 15. The company said it will be a platform that helps companies create, manage, and deploy non-fungible tokens (NFTs) in a trusted, scalable, and sustainable way. The service will allow brands connect with their customers in a whole new way by integrating their Customer 360 with Web3 data, in order to help brands gain a comprehensive understanding of how customers interact with their brand across traditional and emerging digital environments.

16.03 / 00:49

business FTX Court Bankruptcy Fried Sam Sam Bankman-Fried petitions court to prioritize reimbursing his legal fees

Sam Bankman-Fried is seeking to use FTX's insurance policies to cover his legal expenses, according to a court filing on March 15.

15.03 / 22:23

markets business Banks Federal Reserve Central Bank Silicon Valley Reserve Why isn't the Federal Reserve requiring banks to hold depositors' cash?

The Federal Reserve Board reduced banking reserve requirements to zero in March 2020. Since that time, banks in the United States have not been required to actually hold any depositor money in the bank, making a flawed system — fractional reserve banking — worse.

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