Weekly Update: 09 Mar 2023
1) Crypto-focused bank Silvergate plans to wind down following blow from FTX [Reuters]
– It planned to wind down operations and voluntarily liquidate after it was hit with losses following the dramatic collapse of crypto exchange FTX, sending its shares down 35% in after-hours trade.
2) ETHDenver teases spin-off plans as conference winds down[CoinDesk]
– After a successful week of hacking, networking, and partying, conference co-founder John Paller revealed he is in talks to organize satellite events in other countries.
3) Amazon NFTs will be tied to real-world assets, tokens possible [Blockworks]
– Amazon’s marketplace will tie digital ownership to physical goods delivered to customers’ doors.
4) Bybit halts deposits via USD bank transfer, citing partner ‘service outages’ [The Block]
– Bybit stopped USD deposits via bank transfer, citing “service outages” from a partner. Withdrawals via SWIFT or U.S. bank wire transfer are available until March 10 at midnight UTC.
5) DOJ seeks to narrow Sam Bankman-Fried’s bail terms, use only flip phones [Cointelegraph]
– The proposal restricts Sam Bankman-Fried’s communication to a flip phone or another non-smartphone device without internet access.
6) India explores offline functionality of CBDCs — RBI executive director [Cointelegraph]
– In addition to offline functionality, RBI is gauging CBDC’s potential for cross-border transactions and linkage with legacy systems of other countries.
7) Uniswap wants to launch mobile wallet, but Apple won’t greenlight its launch [Cointelegraph]
– The new self-custodial mobile wallet will allow users to swap on layer-1 or layer-2 networks without having to switch blockchain.
8) Yuga Labs’ Bitcoin NFT collection TwelveFold to be auctioned Sunday [The Block]
– The auction for Yuga Labs’ first Bitcoin NFT collection, TwelveFold, will begin at 3 p.m. PT Sunday. Of the 300 NFTs on offer 288 will be available for sale.
9) US legislators renew call for EPA investigation of crypto mining emissions data [Cointelegraph]
– Senator Edward Markey and Representative Jared Huffman want miners to disclose emissions data and the EPA to lead an investigation of their impact.
10) Few and Far raises $10.5 million in funding round led by Pantera Capital to expand its one-stop destination for digital collectibles [Medium]
– Few and Far, a leading digital collectibles web3 platform, has announced that it has raised $10.5 million in a funding round led by Pantera Capital.
