Community-driven crypto projects still thriving despite headwinds

The highly anticipated launch and airdrop of Arbitrum’s native governance token ARB took place on March 23, creating a buzz around the layer-2 protocol as hundreds of thousands of eligible users and DAOs tried to claim it. Overwhelming user demand led the airdrop claim page to crash shortly after its launch, displaying 404 and 429 […]

Do Kwon to reportedly appeal against court’s decision to extend detention

Following his arrest in Montenegro while attempting to fly using fake documents, Terraform Labs co-founder Do Kwon will reportedly appeal the court’s decision to extend detention time for up to 30 days. A legal representative of Kwon confirmed the appeal against the Montenegrin court’s decision to detain the entrepreneur for longer than usual, according to […]

US explores additional bank support favoring First Republic’s benefit: Report

United States authorities are reportedly deliberating on “expanding” an emergency credit line for banks, which may provide First Republic Bank a time buffer to address balance sheet concerns, according to people familiar with the situation. In a March 26 Bloomberg report citing unnamed sources, it was reported that U.S. officials are ruminating on what support, […]

Venezuela shuts down crypto mining facilities, exchanges amid corruption probe

Venezuela’s energy supplier has shut down crypto mining facilities throughout the country as part of a reorganization of the national crypto department and ongoing corruption investigations involving the country’s oil company. According to local media reports, crypto mining companies, and tweets from Venezuela’s National Association of Cryptocurrencies, mining facilities were shut down in the past […]

Bitcoin liquidations vanish as trader hopes $30K will hit before dip

Bitcoin (BTC) drifted lower on March 25 as eerily calm conditions saw liquidations evaporate. BTC/USD 1-hour candle chart (Binance). Source: TradingView Bitcoin in “slow chop” until Monday Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it focused on $27,500 at the time of writing. After losing $28,000 the day prior, weekend trading offered […]

Sony eyes NFT transfers across multiple game platforms, reveals patent

Sony Interactive Entertainment, the video game goliath running the PlayStation brand, filed a patent for a framework allowing users to transfer and utilize nonfungible tokens (NFTs) across multiple game platforms.  Over several years, Sony’s interest in crypto has been evidenced by numerous partnerships and trademark registrations. Adding to this list, Sony filed a patent titled […]

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 a down day on Frankfurt’s markets.  Deutsche Bank shares were impacted by an increase in the cost of insuring against its potential default risk. The […]

UK Column News – 24th March 2023

Mike Robinson, Patrick Henningsen and Vanessa Beeley with today’s UK Column News.   ​​Commençons Outre-Manche ​​00:22 French Constitution: How does Article 49.3 allow a bill to be passed without a vote? ​​Map of the March 23 demonstrations across France ​​Article 49 of the French Constitution (allowing executive override of Parliament): Commitment of responsibility on a bill (49.3) ​​Protesting French farmers roll […]

Binance launches internal investigation following KYC bypass rumors

A recent article surfaced alleging that Binance employees and volunteers were assisting Chinese users on how to bypass Know Your Customer (KYC) and other security protocols.  However, speaking to Cointelegraph a spokesperson from Binance clarified that employees are “explicitly forbidden” from supporting users in circumventing any laws or policies. The spokesperson also said the company […]