Newsletter Mar 9, 2023

Bitcoin Price Plummets After US Government Moves Over $1B Seized Silk Road BTCs

The latest movement of Bitcoin from the authorities' wallet addresses seemingly spooked investors who are worried the government would make a sellout of the crypto asset in the open market.

BONE Records Double-Digit Surge As Shiba Inu's Layer-2 Solution's Beta Debuts Today

The much-awaited public beta test of Shibarium is now live.

CFTC Reaffirms That Ethereum, Stablecoins Are Commodities Despite SEC's 'Bitcoin Only' Stand

"Notwithstanding a regulatory framework around stablecoin, they're going to be commodities in my view," the CFTC chairman said.

Airbit Executives Face Decades Of Prison Time After Pleading Guilty To $100M Fraud

"Instead of doing any cryptocurrency trading or mining on behalf of investors, the defendants built a Ponzi scheme and took the victims' money to line their own pockets," Damian Williams, United States Attorney for the Southern District of New York, said.

Crypto-Focused Bank Silvergate Collapses, Files Voluntary Liquidation Following Market Meltdown

Silvergate recently announced that it would delay its annual report submission on Form 10-K because of questions raised by independent auditors and accounting firms about its figures.

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