Armstrong believes the future of crypto can best be moved forward when more pro-crypto lawmakers are at the helm of affairs.

Brian Armstrong, the Chief Executive Officer of American publicly listed trading platform, Coinbase Global Inc (NASDAQ: COIN) has advocated for more inclusive representation of pro-crypto individuals in US politics. Speaking in a Twitter Spaces event Armstrong admonished crypto proponents to “contact their congressman, donate to pro-crypto candidates, show up at town halls”.
The comments followed the move by the United States Securities and Exchange Commission (SEC) in sending the trading platform a Wells Notice implying there may be a regulatory crackdown underway. According to Armstrong, the exchange will start sponsoring pro-crypto candidates in US elections.

Block said it is working with the SEC on how to “explore legal action against Hindenburg Research for the factually inaccurate and misleading report”.

American multinational financial technology giant Block Inc (NYSE: SQ) is currently under intense pressure following a damning report from short seller, Hindenburg Research. According to the report, Hindenburg Research accused Block of running a fraudulent operation that takes advantage of the demographics it claims to serve, the unbanked.
Known for such reports, Hindenburg said its investigation into Block Inc was conducted over the span of two years and it featured interviews with both current and former employees. The report noted that Block is in the habit of inflating its user metrics, a core indication of growth and it profits from

The news has already stirred the crypto ecosystem with many of the affected holders of LUNA yet to recover their losses.

Do Kwon, the co-founder of Terraform Labs has been reportedly arrested in Montenegro, months after he vanished after the implosion of Terra (LUNA) and its algorithmic stablecoin UST. The arrest of Do Kwon was shared through a Tweet from Filip Adzic, the country’s minister of interior.
At a time over the past year, Do Kwon was declared one of the most wanted men in the world with the Interpol issuing a RED NOTICE for his arrest. Authorities in South Korea, Singapore, and even the United States states have opened a direct investigation into Terraform Labs and the activities surrounding the collapse of the first iteration of the LUNA.

The depegging of UST was the

Some of the solutions being developed on Radix include but are not limited to those hinged on dApps for trading, saving, lending, borrowing, gaming, NFTs, and wallets.

Blockchain-based Web 3.0 startup Radix Token has announced it has raised the sum of $10 million in new funding as it continues to bolster its engagement to help chart the evolution of the blockchain ecosystem. According to a Press Release shared with Coinspeaker, the Radix funding was led by DWF Labs, one of the biggest players in the Web 3.0 world.
“It is fantastic to have the DWF Labs team focused on the coming Radix ecosystem and lending their expertise and capital to the launch of the coming Radix mainnet, Babylon,” Andy Jarrett, Director, Radix Tokens (Jersey) Ltd said in a statement.

Radix is a high-potential

According to the Swiss National Bank, additional interest rate hikes should not be ruled out in the mid to long term.

The apex bank of Switzerland, the Swiss National Bank (SNB) has announced its latest interest rate hike by 50 basis points or 0.5%. According to the press release published by the SNB earlier today, the benchmark interest rate is now pegged at 1.5% in what the regulator tagged as its attempt to stem the soaring inflation rate.
“The SNB is tightening its monetary policy further and is raising the SNB policy rate by 0.5 percentage points to 1.5%. In doing so, it is countering the renewed increase in inflationary pressure,” the regulator said in a statement.

Inflation in Switzerland has been a major source of concern, however, it has remained relatively lower than

Irrespective of its current leanings, the Federal Reserve will implement additional rate hikes to correct the strain that is still being felt in the economy by the average consumer.

The United States Federal Reserve through the Open Market Committee (FOMC) has increased its interest rate by 25 basis points (0.25%). The rate hike was as expected and it was implemented despite the recent bank failures that have caused a crisis of confidence in the financial sector.
The days leading up to the conclusion of the FOMC policy meeting were filled with a lot of speculation with economists and analysts highlighting which direction the Feds will thread based on current realities. While the banking crisis requires prompt fixing through the monetary policies from the Fed, the adoption of the 25

The transition of the MultiVersalME brand has already begun and is expected to be completed by the end of this first quarter.

Emerging Web 3.0 startup MetaMetaverse has announced its new brand identity dubbed MultiVersalME, a move it believes will capture the scope of its innovation as a global metaverse brand. According to a press release shared with Coinspeaker, MultiVersalME will be making its debut with a completely new website and theme.
According to the firm, its users can now access its platform through the new www.multiversal.me domain. According to the company, the new branding and website represent the company’s commitment to enabling creativity at scale and focusing on multiversal interoperability.

The metaverse world is a fast-evolving niche that many global brands are

According to Geely, it is projecting a total of 1.65 million units for the current fiscal year and it expects its electric vehicle to dominate the mix.

Chinese automobile giant Geely Automobile Holdings Ltd (HKG: 0175) has beaten revenue expectations with respect to its revenue for the 2022 financial year. According to the performance report shared by the auto giant, it raked in a revenue of 148 billion yuan ($21.49 billion), up by 45.6% from the year-ago period.
The impressive performance of the company was also highlighted in its earned profits for the fiscal year which topped 5.26 billion yuan, up by 8.5% when compared to the level it was in the year-ago period. By comparison, Analysts profiled by Refinitiv were expecting full-year revenue of 135.4 billion yuan.

Geely’s

When it finally goes live, Metatime will be competing with the likes of established crypto exchanges serving the Turkish community including Coinbase-linked BtcTurk, Bitay, and Paribu amongst others.

Turkish digital currency startup Metatime has raised the sum of $11 million in a new funding round as it looks to double down on protocol development. As reported by The Block, the funding round took place in two token sale rounds with some of the biggest investors from Turkey, Denmark, and Germany participating.
Turkey’s investment firm Yildiz Tekno GSYO took part in the round, with tens of unnamed angel investors.

Metatime is making its debut in the digital currency ecosystem in Turkey to offer a full-blown service that might position it as a favorite to serve the citizens who are

GoTo hopes to achieve positive Group adjusted EBITDA1 within the fourth quarter of 2023 while also reaching a full-year 2023 Group adjusted EBITDA1 to be between Rp 5.3 to Rp 4.6 trillion.

Investors of Indonesia’s top tech giant GoTo Gojek Tokopedia PT Tbk (IDX: GOTO)are expressing mixed reactions to the recent performance report from the company which shows annual losses for the 2022 Financial Year widened. According to the details shared by the company, it recorded a loss of 40.4 trillion Indonesian rupiah ($2.63 billion) in what comes off as one of its toughest years thus far.
Based on what the company reported, it saw a massive growth in its net revenue which comes in at 11.3 trillion rupiah as against the 5.2 trillion rupiah in 2021. The company said its adjusted loss before

The collaboration between both entities to enhance USDC payment might attract some forms of skepticism owing to the Fear, Uncertainty, and Doubt (FUD) surrounding Circle, USDC, and the exposure to the three US banks that collapsed in the past week.

American multinational financial services firm Mastercard Inc (NYSE: MA) has entered into a strategic partnership with Stables, an Australian fintech startup to help advance stablecoin adoption in the APAC region. As reported by CoinTelegraph, the partnership will see users of the Stables platform make payments for goods and services using their USD Coin (USDC) anywhere Mastercard is accepted.
The collaboration was unveiled on March 20 and the service is billed to go live in the second quarter of this year. Stables is set to design a

In an attempt to save First Republic Bank, a number of mainstream banking giants have decided to come to the bank’s aid with a total deposit of $30 billion.

The shares of San Francisco-based financial services firm, First Republic Bank (NYSE: FRC) are tumbling in today’s Pre-market after the firm got a downgrade from the top credit rating agency, S&P Global Ratings. As reported by CNBC, the embattled bank was downgraded to B+ from BB+ over the weekend after first downgrading it to junk status in the past week.
The woes of First Republic Bank stem from the aftermath of the collapse of Silicon Valley Bank (SVB) which has placed depositors of the firm on the edge per the blurred future of banks with no protection for uninsured deposits. For First Republic Bank, the chances of significant

As a company, Virgin Orbit has a very definitive goal, and that’s to deliver small commercial satellites to Earth’s orbit.

Space technology company Virgin Orbit Holdings Inc (NASDAQ: VORB) is facing one of the toughest financial strains in its history and may file for bankruptcy if it fails to secure funding as soon as possible. According to a Fox News report, the company majority-owned by Sir Richard Branson’s Virgin Group has contracted two known restructuring firms, Alvarez & Marsal (A&M) and Ducera on alternative plans should it fail to land new funding soon.
The company has had to halt its operations following what many described as a major financial strain. While the reasons for the halt remain unclear, the firm said it is keeping up work on some core aspects of its operations.

Participation in the Public sale is through the Collective Finance DApp and by navigating to the Presale Tab.

Decentralized Finance (DeFi) protocol Collective Finance has announced plans to launch the public sale of its native token $CLF built on the Binance Smart Chain (BSC) network. As contained in a Press Release shared with Coinspeaker, the public token sale can be accessed with a 10% discount, setting a generally lowered barrier for more encompassing community participation.
The Collective Finance protocol was designed as an innovative outfit that offers access and participation when it comes to investment in multilayered, yield-generating opportunities to provide wide exposure to digitized commodity representations. While it is looking to carve out a niche for itself in today’s

The Messari CEO said firms may choose to use Bitcoin as the exit plan.

The growing strain in the broader financial market has been tagged as a yardstick for a more ambitious fundamental that can drive Bitcoin (BTC) price growth according to projections from Messari CEO, Ryan Selkis. Taking to his official Twitter account, Selkis said he believes Bitcoin can touch a $100,000 price target within the next 12 months.
As an expert who runs one of the most versatile crypto analytics platforms in the Web 3.0 world, Selkis gave his projections based on a series of fundamental analyses owing to the woes in today’s current banking ecosystem. With three core banks collapsing thus far this week, Selkis projects that there are bound to be more banking failures within the next couple of weeks.

Marathon Digital has also revealed the nature of its exposure to the now-defunct crypto-focused Silvergate Bank.

Embattled Bitcoin (BTC) mining firm, Marathon Digital Holdings Inc (NASDAQ: MARA) has released its performance report for the fourth quarter (Q4) of 2022 in which it unveiled a poorer-than-expected revenue. According to the firm, its revenue came in at $28.4 million, down by 58% from its year-ago record.
Marathon Digital operates in a very strained market as the global economy, the high cost of energy, and the dwindling price of Bitcoin have largely kept the business on the edge over the past year. While the expectations for the firm have remained low, the revenue it reported is even lower than the $38.4 million that had been projected a while ago.

According to the

When the financial woes of FTX also lead to the exchange’s bankruptcy, the deal could not proceed, pitching Binance.US as the next major favorite to bail out the company.

Judge Michael Wiles, the presiding Judge over the Binance.US and Voyager Digital acquisition case with the United States Securities and Exchange Commission (SEC) has reaffirmed his order for the deal to proceed.
The Judge canceled the petition from the SEC to halt the proposed sale of the bankrupt crypto brokerage company to Binance.US on the grounds that such deals will be “immunizing fraud, theft or tax avoidance.” Sitting at the United States District Court for the Southern District of New York on March 15, Judge Miles said in his verdict that any delay to the sale of the firm will further harm the customers of the

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