Adoption
Exchanges
Coinbase CEO sells shares prior to SEC warning
Brian Armstrong issued three transactions to sell Coinbase shares on March 15 and 21, according to recent data.
Regulation
Taiwan orders financial watchdog to take over crypto regulations
Taiwan's Financial Supervisory Commission is the main institution responsible for crypto regulations as NFTs remain out of the scope.
NFTs
NFT wash trading recorded fourth consecutive raise in February
NFT marketplaces Blur and X2Y2 recorded the highest NFT wash trading volume as the total NFT wash trading volume surpassed $500 million.
DeFi
U.S. Banking turmoil halts NFT hype as DeFi thrives
During Mar. 11-12, Defi's transaction volume exceeded $58B, while Mar. 11 recorded least active NFT traders since November 2021.
Technology
Blockchain IoT market estimated to exceed $124M by 2030
Blockchain IoT is expected to grow at a CAGR of 93.4%, while the Asia Pacific region appears likely to take the lead in expansion.
Exchanges
Crypto exchanges registered in offshore locations are 70% of top 30
The most popular offshore financial centers for crypto exchanges are Seychelles, the Cayman Islands, and the British Virgin Islands.
DeFi
Hackers stole $390k from Poolz Finance
Hackers used a repetitive function to exploit Poolz Finance's BNB and Polygon chains.
NFTs
China’s NFT-related complaints surge 30,000% in 2022
During the year, Chinese regulators received over 59,000 complaints about NFT-related scams and price manipulations.
Banking
NatWest introduces transaction limits to protect against crypto-criminals
The new rules will limit transfers to crypto exchanges to £5,000 per 30 days with no more than £1,000 per day.
Analysis
Fifth week of losses in crypto investment products sees $255M withdrawals
This marked the largest weekly outflow, which represents 1% of the market, while Bitcoin-based products saw $224 million in outflows.
Exchanges
BitMEX halts all trading activities temporarily
The exchange said it identified an issue and halted all activities except cancel options between 13:58 UTC and 14:18 UTC.
Exchanges
Coinbase lost $240M in Signature Bank closure
Paxos and Celsius also lost money in the shut down, however, the companies expect the recover the lost funds soon with the help of the FDIC.