Digital Assets Report 63

Polygon network suffers from extended service outage after upgrade

The Polygon layer-2 scaling solution for Ethereum has not produced new blocks since 5:54 pm UTC. The team has assured the public that funds are safe.

CointelegraphBrian Newar

Goldman Sachs Will Now Offer Its Clients Ethereum Funds Via Galaxy Digital | Bitcoinist.com

Goldman Sachs will be offering its clients access to Ethereum Funds through Galaxy Digital’s Institutional Ethereum Fund.

Bitcoinist.comanushsamal

Griffin says ‘fair to assume’ that Citadel Securities will be market making in crypto in ‘months to come’

Kenneth Griffin, the founder Citadel Securities, told Bloomberg in a new interview that his firm is on the path to market-making in the cryptocurrency sector in the coming months.

The BlockMichael McSweeney

SoftBank’s tech division set to launch NFT marketplace

Japan’s web3 space may soon get another major player as SoftBank’s tech arm looks to float an NFT marketplace in the spring.

The BlockOsato Avan-Nomayo

Bain Capital Ventures launches crypto-focused fund worth $560 million

Bain Capital Ventures has launched its first crypto-focused fund worth $560 million. It plans to launch more crypto funds in the future.

The BlockYogita Khatri

Stripe launches payment services for crypto businesses - Ledger Insights - enterprise blockchain

Payment provider Stripe is launching services targeting crypto businesses for onramps, offramps and KYC. Partners incl FTX crypto exchange

Ledger Insights - enterprise blockchainLedger Insights

FTX Launches a Regulated Branch in Europe and the Middle East

FTX continues with its expansion by opening a branch to focus on the European and Middle Eastern regions.

CryptoPotatoJordan Lyanchev

Binance unveils plans for world domination by buying up companies in every sector

Changpeng Zhao has revealed that Binance is looking to diversify revenue and increase adoption as its exchange comes under increasing regulatory scrutiny.

CointelegraphTom Mitchelhill

Crypto Charts 60

BTC Close to completing a corrective triangle with a likely breakout of the triangle to the upside with confirmation above $42k. A $10k move higher is in play on the long-term chart. ETH Expected to stay above $2′446 and move a leg higher, similarly to the BTC chart. Bitcoin Short-Term

The AssetsRayan Khan

Total exchange BTC inflows have been net negative since July 2021

Glassnode released data showing overall net outflows of Bitcoin from exchanges since last July, with only four major exchanges with inflows.

CointelegraphBrian Newar

In 25 days, the 19-millionth #Bitcoin will be mined.
That only leaves 2 million #BTC left to mine over the next 118 years.
— ₿ Isaiah⚡️ (@BitcoinIsaiah) March 7, 2022

President Biden Signs Long-Awaited Crypto Executive Order - Decrypt

President Biden has now signed an Executive Order targeting the crypto industry.

DecryptScott Chipolina

Breaking: EU Parliament votes against ban on proof-of-work mechanism underlying cryptos like Bitcoin

The usage of Proof-of-Work cryptocurrencies was in doubt following the draft of the European Union’s (EU) proposed legal framework.

FinboldJordan Major

Crypto firms begin shuttering UK operations ahead of formal FCA registration deadline

Companies on the FCA’s temporary register are winding up their crypto operations in the UK.

The BlockRyan Weeks

UK regulator orders crypto ATM operators to shut down

The FCA has warned the eight companies responsible for the 81 crypto ATMs in Britain to shut down their machines.

The BlockOsato Avan-Nomayo

US Virginia Senate allows state banks to offer crypto custody services

The bill passed Senate with a sweeping 39-0 vote and is waiting to be signed into law by Governor of Virginia Glenn Youngkin.

CointelegraphArijit Sarkar

OFFICIAL: Thailand approves pro-crypto tax rules, where trading is exempt from 7% VAT & 15% withholding tax
— Blockworks (@Blockworks_) March 8, 2022

Dubai adopts first law regulating virtual assets

A regulatory authority will be established under the new law to oversee the sector

The NationalMassoud A Derhally

Binance Considers Obtaining a License to Operate in Dubai

The world’s leading cryptocurrency exchange is in talks of obtaining an operational license in Dubai.

CryptoPotatoGeorge Georgiev

Regulatory clarity is so important. This new virtual asset law in Dubai is a great step forward. https://t.co/qIMFjMiSUv
— CZ 🔶 Binance (@cz_binance) March 9, 2022

‘I Won’t Sell’—Tesla Billionaire Elon Musk Issues Inflation Advice As The Price Of His Bitcoin, Ethereum And Dogecoin Plummet

Tesla billionaire Elon Musk has said he still owns and “won’t sell” his bitcoin, ethereum and dogecoin—advising people not to hold dollars when inflation is high...

ForbesBilly Bambrough

The True Implications of Seizing Russia’s Foreign Reserves

An inflection point in the geopolitical order.

CoinDeskNathaniel Whittemore

Credit Suisse ($1.6 trillion AUM): Money will never be the same again and #Bitcoin will probably benefit from all this
— Blockworks (@Blockworks_) March 8, 2022

One of the most common questions I still get is "will Bitcoin be banned in the US?" The short answer is NO. And today's executive order on crypto further demonstrates that not only is Bitcoin here to stay, but that the US government recognizes it as a legitimate asset.
— Cameron Winklevoss (@cameron) March 9, 2022

The many escapes of Justin Sun

How does a crypto hype man stay ahead of regulators? He keeps running.