March 2023

• Sam Bankman-Fried, founder of FTX, has agreed to new bail conditions with US prosecutors that will limit his access to technology. • The proposed conditions include providing Bankman-Fried with a new phone and laptop with limited functions and preventing him from bringing unauthorized devices into his parent’s home. • Bankman-Fried is facing criminal charges […]

• Cardano (ADA) price surged 10% in the last twenty-four hours. • The trading volume of the asset has also increased by over 190%. • The network released its ADA-backed stablecoin called djed (DJED). Cardano Surges 10% In 24 Hours Cardano (ADA) price started the day ranging between $0.37 and $0.40, representing a significant increase […]

• Alameda wallets transferred over $100 million in stablecoins to Cumberland and GSR Markets on March 14. • USDC was one of the cryptocurrencies affected by a depeg over the weekend due to banking concerns in the United States. • Three more wallets associated with FTX and Alameda sent $188.58 million to Coinbase, Kraken, and […]

• CFTC Chairman Rostin Behnam confirms that Ethereum (ETH) and stablecoins are commodities. • Senator Kirsten Gillibrand questioned Benham about the difference between CFTC’s stance and SEC’s stance. • SEC has taken a heavy-handed approach towards crypto regulation amidst criticisms from web3 proponents. CFTC Chair Confirms Ethereum and Stablecoins Are Commodities CFTC Chairman Rostin Behnam […]

• Synthetix (SNX) has dropped by 5% from its previous levels and is now trading below $3. • The Synthetix ecosystem has had several improvements that helped SNX maintain gains in the face of bearish sentiment. • According to CoinMarketCap, the market sentiment for SNX is rising, with 83% of the crypto community optimistic about […]