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
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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
First Mover Asia: Bitcoin, Ether Open Asia’s Trading Week Flat
ALSO: Five CoinDesk journalists offer their takeaways from Consensus 2023. They found an industry still filled with optimism but also realistic about the challenges ahead, most notably, regulatory uncertainty.Source