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Michael Saylor's MicroStrategy (MSTR) Monday morning said it prepaid the remaining principal on its loan from now-failed Silvergate Bank, according to a regulatory filing. In addition, the company purchased another 6,455 bitcoin (BTC) for roughly $150 million (about $23,238 per coin) over the past five weeks.
More info: https://bit.ly/42JOjC1
On March 26, Binance announced the opening of its brand-new blockchain hub in Georgia, aiming to promote further adoption of crypto in the country. Referring to the hub as a “Web3 outpost,” Binance intends to attract talent to the Georgian blockchain sector, promote industry education and create more job opportunities.
According to the announcement, Binance’s Georgia division currently employs 25 people cooperating with the local public and private sectors to organize educational and hackathon events.
More info: https://bit.ly/3niRX5L
Optimism-based lending protocol Kokomo Finance has been suspected of a $4 million “exit scam” that has seen user funds plucked from the platform via a smart contract loophole.
Blockchain security firm CertiK alerted its followers to the “exit scam” in a March 26 tweet, noting that the Kokomo Finance (KOKO) token had plummeted 95% in value in a matter of minutes.
More info: https://bit.ly/3MbDraz
The international fast food giant Burger King has introduced Instpower power bank rental machines that accept cryptocurrency payments at its Paris locations. The machines are connected to crypto payment services Alchemy Pay and Binance Pay.
More info: https://bit.ly/40mkN3O
Nayib Bukele on Thursday night said he will be proposing a bill to El Salvador's congress eliminating all taxes on both software and hardware technology innovations.
It is unclear yet if this measure will extend to bitcoin (BTC) applications, but El Salvador and its president are known for being bitcoin-friendly.
More info: https://bit.ly/3JKGrHI
Binance, the world's largest cryptocurrency exchange by reported trading volume, has temporarily halted spot trading due to an issue that is currently impacting its platform, according to a tweet posted earlier today.
More info: https://bit.ly/3ZbWeoP
Shibarium, a decentralized layer-2 network for the Shiba Inu ecosystem, started its public beta phase under the name Puppynet a few days ago. Since then, there has been almost daily news about projects and developments based on Shibarium.
The official Twitter account of the PawZone token (PAW) announced today that the launch will take place this week.
More info: https://bit.ly/3Gbp42b
According to data from pool .pm, there are now 8.03 million native assets on Cardano deployed across over 70,900 policies.
More info: https://bit.ly/3zm0uI5
Terraform Labs CEO Do Kwon has been charged with fraud by United States prosecutors in New York, just hours after he was reportedly arrested in Montenegro.
In a court filing signed by United States Attorney Damian Williams, the 31-year-old entrepreneur has been charged with eight separate counts, including commodities fraud, securities fraud, wire fraud, and conspiracy to defraud and engage in market manipulation.
More info: https://bit.ly/42zNpbj
Over 42 million arb tokens were claimed in the first hour as Arbitrum's much-anticipated token airdrop went live on Thursday, Nansen data shows. Of the 625,000 total eligible wallets, 445,000 received an airdrop of less than 2,000 ARB tokens, representing the majority of claimers.
More info: https://bit.ly/40wTHqa
Just as Arbitrum opened the gates to its ARB token, the project's landing page crashed.
The homepage reports a 429 error, indicating that it is being overwhelmed by user traffic. The site was also the primary mechanism by which eligible users could claim their airdropped ARB tokens.
More info: https://bit.ly/40rajQg
Users are now able to select the USDT altcoin within their Telegram chat boxes to transfer money to their peers directly and instantly. Per Decrypto, however, Telegram will for now only support the USDT run on the Tron blockchain, TRC20.
More info: https://bit.ly/3JGKLI4
Crypto traders had a whirlwind day after nearly 68,000 positions got liquidated in the past 24 hours. Total crypto liquidations surpassed the $257 million mark.
The news comes amid a rate hike by the U.S. Federal Reserve and the SEC’s regulatory action against crypto businesses.
More info: https://bit.ly/40pHl3i
The number of daily transactions on Arbitrum rose to a new record high of 1,312,052 on Wednesday, surpassing the previous peak of 1,103,398 reached on Feb. 21, according to data source Arbiscan. The Ethereum mainnet processed around 1.08 million transactions.
About 625,000 wallets are eligible for the airdrop or free distribution of just over 1 billion ARB tokens later Thursday.
More info: https://bit.ly/3Z63Qcp
The cryptocurrency exchange Bitzlato revealed that users could withdraw a maximum of 50% of their assets previously frozen by the authorities. Those willing to do so should use the Telegram bot – bz_phoenix_bot – to move funds to another exchange or an external wallet.
More info: https://bit.ly/3TG2eF9
Gaming project Aavegotchi revealed plans to launch its own blockchain called Gotchichain. The network will leverage Polygon Supernets, which is Polygon's service that allows projects to create their application-specific chains.
More info: https://bit.ly/3FMmuPJ
US President Joe Biden released the government’s economic report on Monday, in which Bitcoin plays a major role. BTC is mentioned as many as 75 times in the report, which attempts to denigrate Bitcoin and promote a Central Bank Digital Currency (CBDC) of the United States as the better solution.
In the section titled “The Perceived Appeal of Crypto Assets,” the White House spends many pages describing how Bitcoin works before denying the leading cryptocurrency the function of money by definition. Notably, BTC allegedly fails to fulfill two out of three characteristics of money.
More info: https://bit.ly/3FJ6vC6
According to the index, cryptocurrency investors are currently in a state of “greed,” with a score being at 68.
The rise in the index comes at a time in which the price of the flagship cryptocurrency Bitcoin has been surging, significantly outperforming other risk assets such as equities. BTC is above $28,000, after rising more than 30% over little more than a week.
More info: https://bit.ly/2Jc5GGx