Analysis
Regulation
UK to mandate declaring crypto holdings in tax forms
The announcement came as part of the U.K.'s latest annual budget released March 15 and is expected to raise £10 million for the government.
Analysis
Short-sellers see max pain as crypto market pumps following inflation report
CoinGlass data shows over 85% of the $151.24 crypto liquidations over the period were short positions — amounting to roughly $130 million.
Regulation
EU passes Data Act including smart contract regulation
The bill was passed with 500 votes in favor and 23 against — it includes provisions on “essential requirements regarding smart contracts for data sharing.”
Adoption
Helium on last leg in Lebanon despite high adoption as profit, utility remain elusive
Helium claimed that its internet of things would provide a wide variety of use cases and utility that would improve people's daily lives but has not made any progress years later.
Stablecoins
Nine out of top 10 stablecoins trading below peg as USDC contagion spreads – Tether sole survivor
As of press time, almost all of the big stablecoins are struggling with maintaining their peg except for Tether's USDT, which is trading slightly above its peg at $1.01.
Bankruptcy
Crypto Twitter labels Senator Warren ‘tone deaf’ on crypto audits amid SVB meltdown
The community said the tweet was Warren's latest attempt to demonize the crypto industry and called it "tone deaf" amid the banking crisis involving Silicon Valley Bank (SVB).
Legal
Judges question SEC’s logic during Grayscale’s first Bitcoin spot ETF appeal hearing
Judges said it seems the SEC has not explained why Grayscale's arguments are flawed and questioned the logic behind approving futures Bitcoin ETFs but not spot.
Legal
US appeals court to hear Grayscale’s arguments against SEC ruling starting today
Grayscale claims that a spot Bitcoin ETF is no different from a futures ETF and should not be grounds for disapproval.
CBDCs
BIS successfully completes retail CBDC pilot called Project Icebreaker
Project Icebreaker's goal was to determine the efficacy of using CBDCs for cross-border payments between different currencies.
Adoption
Pakistani banks to develop blockchain-based KYC despite cold attitude toward crypto
The eKYC platform is the second blockchain initiative launched by the State Bank of Pakistan in less than six months.
Crime
Do Kwon’s Terraform Labs under investigation in Singapore
Terraform Labs is headquartered and registered in Singapore and this is the first time the country has publicly taken action against Do Kwon and his firm.
Exchanges
Binance launches anti-scam campaign in collaboration with law enforcement agencies
Binance carried out an initial pilot phase of the program in Hong Kong in collaboration with the local police force.