The Avalanche C chain has stopped producing blocks for an hour and has not yet recovered. The Avalanche blockchain browser shows that the latest block time is 7:26 UTC+8, and the block height is 27788298.
Ava Labs co-founder: Network been unstable for a bit over an hour. It was a bug with v1.9.12. Fix was just released. If you're an Avalanche validator please upgrade to v.1.9.14 ASAP.
Korean exchanges Upbit Bithumb and others have stated that due to Avalanche (AVAX) network problems, Avalanche (AVAX) deposit and withdrawal services have been suspended.
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Ava Labs co-founder: Network been unstable for a bit over an hour. It was a bug with v1.9.12. Fix was just released. If you're an Avalanche validator please upgrade to v.1.9.14 ASAP.
Korean exchanges Upbit Bithumb and others have stated that due to Avalanche (AVAX) network problems, Avalanche (AVAX) deposit and withdrawal services have been suspended.
📍 Follow @Coins for the hottest news in crypto.
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SEC is investigating Coinbase for its Earn product, wallet service and exchange activity.
https://www.coinbase.com/blog/we-asked-the-sec-for-reasonable-crypto-rules-for-americans-we-got-legal
📍 Follow @Coins for the hottest news in crypto.
https://www.coinbase.com/blog/we-asked-the-sec-for-reasonable-crypto-rules-for-americans-we-got-legal
📍 Follow @Coins for the hottest news in crypto.
Coinbase
We asked the SEC for reasonable crypto rules for Americans. We got legal threats instead.
Coinbase Netherlands is a secure online platform for buying, selling, transferring, and storing cryptocurrency.
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📈 Bank of England rate decision at 8 a.m. ET.
📊 U.S. initial jobless claims at 8:30 a.m. ET.
📍 Follow @Coins for the hottest news in crypto.
📊 U.S. initial jobless claims at 8:30 a.m. ET.
📍 Follow @Coins for the hottest news in crypto.
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Vite DAO: Vitelabs has announced that they are transforming into a DAO, making it even more decentralized and in line with #web3 values. Asynchronous architecture is a fundamental part of the Vite blockchain network, enabling efficient and scalable execution of smart contracts.
Vite Ecosystem:
Vite Labs was the genesis team and development group behind the Vite network — the blockchain layer-one (L1) that supports smart contracts and cryptoassets.
Vite DAO includes the group that was called Vite Labs, as well as contributors around the world. Vite is grateful for its community members, who have been loyal and helpful in this way for years.
ViteX is a decentralized exchange (DEX), formerly cultivated by Vite Labs as its flagship decentralized application (dApp). ViteX is decentralizing through ViteX DAO.
https://medium.com/vitelabs/vite-dao-26337eef60b4
📍 Follow @Coins for the hottest news in crypto.
Vite Ecosystem:
Vite Labs was the genesis team and development group behind the Vite network — the blockchain layer-one (L1) that supports smart contracts and cryptoassets.
Vite DAO includes the group that was called Vite Labs, as well as contributors around the world. Vite is grateful for its community members, who have been loyal and helpful in this way for years.
ViteX is a decentralized exchange (DEX), formerly cultivated by Vite Labs as its flagship decentralized application (dApp). ViteX is decentralizing through ViteX DAO.
https://medium.com/vitelabs/vite-dao-26337eef60b4
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Medium
Vite DAO
Progressive Decentralization of Vite Labs
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Tron Founder Justin Sun Sued by U.S. SEC on Securities, Market Manipulation Charges
The regulator alleged TRX and BTT are unregistered securities, and claimed Sun created an "extensive wash trading" program to boost their trading volume.
The agency is also suing Lindsay Lohan, Jake Paul, Soulja Boy, Lil Yachty, Ne-Yo, Akon and Michele Mason on illegal touting charges for their roles allegedly promoting TRX and BTT without disclosing they were paid to do so. The majority of these celebrities settled the charges.
📍 Follow @Coins for the hottest news in crypto.
The regulator alleged TRX and BTT are unregistered securities, and claimed Sun created an "extensive wash trading" program to boost their trading volume.
The agency is also suing Lindsay Lohan, Jake Paul, Soulja Boy, Lil Yachty, Ne-Yo, Akon and Michele Mason on illegal touting charges for their roles allegedly promoting TRX and BTT without disclosing they were paid to do so. The majority of these celebrities settled the charges.
📍 Follow @Coins for the hottest news in crypto.
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Terra founder Do Kwon reportedly arrested in Montenegro.
https://twitter.com/filip_adzic/status/1638886164118802432
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https://twitter.com/filip_adzic/status/1638886164118802432
📍 Follow @Coins for the hottest news in crypto.
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Coins ( ₿ )
Terra founder Do Kwon reportedly arrested in Montenegro. https://twitter.com/filip_adzic/status/1638886164118802432 📍 Follow @Coins for the hottest news in crypto.
So, this could be The Big One. Or not. A man believed to be Terraform Labs head Do Kwon was arrested in Montenegro. But we’re still waiting on solid proof of that. Let’s explain.
Montenegro’s interior minister – a rather stern looking man named Filip Adzic – tweeted this morning that a person thought to be the fugitive founder was taken into custody at the airport in the capital of Podgorica. But that’s all we got. At least initially.
South Korean news outlet Yonhap later chimed in, citing police in that country, to say authorities were waiting on fingerprints to confirm the identity of the person who was arrested.
Then later still Montenegro's Ministry of Internal Affairs tweeted some more specific information about the arrests, saying South Korean citizens "Kwon Do Hyeong and Hon Chang Joon were apprehended and brought to the Basic State Prosecutor's Office in Podgorica, on criminal charges for the criminal offense of document forgery."
The ministry said the two were apprehended during passport checks while attempting to fly to Dubai using forged Cost Rican travel documents.
It also said a warrant had been issued by Korean authorities.
But no word on those fingerprints or any other confirmation other than the tweets. So, as we said, it could be the big one, or not.
For anyone needing a history lesson, Kwon is being sought by authorities in several countries for his role in the collapse of TerraUSD, the stablecoin created by Terraform Labs which spectacularly collapsed in May 2022, wiping out tens of billions of dollars for investors.
Reports of his whereabouts have become fodder for crypto Twitter as he would randomly pop up with a tweet, whereabouts unknown.
Korean prosecutors reportedly traveled to Serbia, which borders Montenegro, in February in an effort to track down Kwon.
The U.S. Securities and Exchange Commission brought civil charges against Kwon last month, accusing him of failing to "provide the public with full, fair and truthful disclosure as required for a host of crypto asset securities."
Let’s wait and see how those fingerprints look.
📍 Follow @Coins for the hottest news in crypto.
Montenegro’s interior minister – a rather stern looking man named Filip Adzic – tweeted this morning that a person thought to be the fugitive founder was taken into custody at the airport in the capital of Podgorica. But that’s all we got. At least initially.
South Korean news outlet Yonhap later chimed in, citing police in that country, to say authorities were waiting on fingerprints to confirm the identity of the person who was arrested.
Then later still Montenegro's Ministry of Internal Affairs tweeted some more specific information about the arrests, saying South Korean citizens "Kwon Do Hyeong and Hon Chang Joon were apprehended and brought to the Basic State Prosecutor's Office in Podgorica, on criminal charges for the criminal offense of document forgery."
The ministry said the two were apprehended during passport checks while attempting to fly to Dubai using forged Cost Rican travel documents.
It also said a warrant had been issued by Korean authorities.
But no word on those fingerprints or any other confirmation other than the tweets. So, as we said, it could be the big one, or not.
For anyone needing a history lesson, Kwon is being sought by authorities in several countries for his role in the collapse of TerraUSD, the stablecoin created by Terraform Labs which spectacularly collapsed in May 2022, wiping out tens of billions of dollars for investors.
Reports of his whereabouts have become fodder for crypto Twitter as he would randomly pop up with a tweet, whereabouts unknown.
Korean prosecutors reportedly traveled to Serbia, which borders Montenegro, in February in an effort to track down Kwon.
The U.S. Securities and Exchange Commission brought civil charges against Kwon last month, accusing him of failing to "provide the public with full, fair and truthful disclosure as required for a host of crypto asset securities."
Let’s wait and see how those fingerprints look.
📍 Follow @Coins for the hottest news in crypto.
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Decentralized infrastructure protocol The Graph teamed up with web3 fiat-to-crypto gateway Banxa, enabling users to pay with fiat currency rather than just crypto to access its indexing and querying data from blockchains.
📍 Follow @Coins for the hottest news in crypto.
📍 Follow @Coins for the hottest news in crypto.
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El Salvador President to eliminate all income, property, and capital gains taxes on technology innovations.
📍 Follow @Coins for the hottest news in crypto.
📍 Follow @Coins for the hottest news in crypto.
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Forwarded from Crypto Rekt Liquidations Bot
Binance has announced that all spot trading is currently temporarily suspended due to an issue impacting spot trading on Binance.
The exchange team announced they are in works and trying to resolve this as soon as possible.
https://twitter.com/binance/status/1639230280119775234
The exchange team announced they are in works and trying to resolve this as soon as possible.
https://twitter.com/binance/status/1639230280119775234
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If you know about this artwork. You are the real OG.
More coming....!
📍 Follow @Coins for the hottest news in crypto.
More coming....!
📍 Follow @Coins for the hottest news in crypto.
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Collector accidentally burns their $123,000 CryptoPunk (CryptoPunk #685):
The new owner of a CryptoPunk, one of the most popular early NFT projects, accidentally burned the NFT they had only just purchased. After spending 77 ETH ($123,434) on the NFT, the owner tried to wrap it so they could borrow against it.
However, some confusing instructions resulted in the owner sending the punk to the burn address, effectively destroying the NFT. "I was trying to wrap it and don't know what I was doing... Thought I was following the directions exactly..." they later wrote. They also later shared that they had borrowed money in order to purchase the CryptoPunk.
https://twitter.com/vitalitygrowth/status/1639489299254063105
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The new owner of a CryptoPunk, one of the most popular early NFT projects, accidentally burned the NFT they had only just purchased. After spending 77 ETH ($123,434) on the NFT, the owner tried to wrap it so they could borrow against it.
However, some confusing instructions resulted in the owner sending the punk to the burn address, effectively destroying the NFT. "I was trying to wrap it and don't know what I was doing... Thought I was following the directions exactly..." they later wrote. They also later shared that they had borrowed money in order to purchase the CryptoPunk.
https://twitter.com/vitalitygrowth/status/1639489299254063105
📍 Follow @Coins for the hottest news in crypto.
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Total deposits are down 3.5% from its highs or more than $650 billion from the peak.
This is the largest drawdown in deposits in the last 2 decades surpassing the GFC levels.
📍 Follow @Coins for the hottest news in crypto.
This is the largest drawdown in deposits in the last 2 decades surpassing the GFC levels.
📍 Follow @Coins for the hottest news in crypto.
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Chinese Banks Court Crypto Firms in Hong Kong After Mainland Ban.
Bocom, Bank of China among lenders looking at crypto firms.
Hong Kong sees a rush of firms into city after policy shift.
The Hong Kong arms of Bank of Communications Co., Bank of China Ltd. and Shanghai Pudong Development Bank have either started offering banking services to local crypto firms or have made inquiries to the field. Sales representatives from one Chinese bank even visited the office of a crypto company to pitch its services.
https://www.bloomberg.com/news/articles/2023-03-27/chinese-banks-court-crypto-firms-in-hong-kong-after-mainland-ban
📍 Follow @Coins for the hottest news in crypto.
Bocom, Bank of China among lenders looking at crypto firms.
Hong Kong sees a rush of firms into city after policy shift.
The Hong Kong arms of Bank of Communications Co., Bank of China Ltd. and Shanghai Pudong Development Bank have either started offering banking services to local crypto firms or have made inquiries to the field. Sales representatives from one Chinese bank even visited the office of a crypto company to pitch its services.
https://www.bloomberg.com/news/articles/2023-03-27/chinese-banks-court-crypto-firms-in-hong-kong-after-mainland-ban
📍 Follow @Coins for the hottest news in crypto.
Bloomberg.com
Chinese Banks Court Crypto Firms in Hong Kong After Mainland Ban
Crypto firms rushing into Hong Kong after the city opened its doors to the battered sector are finding a surprising source of potential support: China’s state-owned banks.