Bitcoin Drops Below $28K; JPMorgan Takes Over Embattled First Republic Bank

BTC’s price had dropped from well above $29,000 since Sunday evening. Investors await Wednesday’s FOMC decision.Source

Michael Saylor’s MicroStrategy Books a Much Smaller Bitcoin Impairment Charge

Amid BTC’s big rally, the company’s impairment loss narrowed to $18.9 million in the first quarter from $197.6 million in the fourth quarter.Source

Crypto Exchange Poloniex Agrees to $7.6M Fee to Settle Sanctions Violation Charges

Crypto exchange Poloniex will remit $7.59 million to settle sanctions violations allegations with the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC), the sanctions watchdog announced Monday.Source

Sotheby’s Launches On-Chain Secondary NFT Marketplace

Sotheby’s Metaverse will now offer fully on-chain secondary transactions via Ethereum and Polygon.Source

NFT Marketplace Blur Launches Blend, a Peer-to-Peer Lending Platform

Short for Blur Lending, Blend will allow collectors to buy blue-chip NFTs with a smaller up-front payment, similar to a down payment on a house.Source

Crypto Firm FARE Protocol Raises $6.2M Ahead of Token Launch

The fundraise was led by C Squared Ventures and Goat Capital, the firm co-founded by Twitch founder Justin Kan.Source

Coinme, Subsidiary and CEO Fined $4M by SEC Over UpToken Offering

The bitcoin kiosk company, its subsidiary Up Global and the CEO of both entities were accused of conducting “unregistered offers and sales of securities.”Source

Nigeria’s SEC Mulls Allowing Tokenized Equity, Property But Not Crypto: Bloomberg

The regulator is considering applications for digital asset exchanges on a trial basis.Source