Beaxy exchange shutters after SEC presses multiple charges against founder, execs. Net losses from crypto theft down sharply in Q1 2023 at $322M. Terra co-founder Daniel Shin’s arrest denied by court, citing low flight risk. Polls suggest Elizabeth Warren’s anti-crypto army strategy may not pay off. INX security token platform…

Seized exchange Bitzlato allows users to withdraw 50% of Bitcoin CFTC calls ETH a commodity in Binance suit, highlighting the complexity of classification Crypto-friendly banks mismanaged traditional risks, FDIC head tells Senate hearing. Hong Kong turns to Japan for advice after ‘mind-boggling’ Web3 influx. Anti-TikTok RESTRICT Act could be turned against crypto and much else, think tank warns. Sam Bankman-Fried is paying for legal defense using previously gifted funds from Alameda.

IRS calls for public feedback on taxing NFTs as collectibles SVB’s UK arm issues 15M pounds in bonuses after symbolic bailout. Binance launches internal investigation following KYC bypass rumors Peter Schiff blames ‘too much gov’t regulation’ for worsening financial crisis Coinbase submits petition to SEC explaining that staking is not securities US lawmaker suggests Signature’s collapse was tied to instability of crypto

*Silicon Valley Bank’s UK branch shut down by Bank of England *South Dakota gov vetoes bill excluding crypto from definition of ‘money’ *USDC depegs as Circle confirms $3.3B stuck with Silicon Valley Bank *​​Stablecoins and Ether are ‘going to be commodities,’ reaffirms CFTC chair *Crypto funding shifts from CeFi to DeFi after major collapses: Finance Redefined *US senators write to banking regulators about potential crypto discrimination

U.S. lawmakers argue SEC accounting policy places crypto customers at risk Binance USD market cap falls below $10B amid rising regulatory concerns SEC chair implies crypto exchanges may be ‘qualified custodians’ as new rule is drafted UAE free zone to explore Bitcoin payments for services, lawyer says Solana faces ‘lack of appetite’ from US regulators, says Austin Federa US legislators renew call for EPA investigation of crypto mining emissions data

Today we will share our thoughts and answer a few questions on Avalanche Warp Messaging (AWM). Avalanche Warp Messaging is a generalised messaging protocol developed by Ava Labs for bridge free communication between Subnets. What are Subnets you ask ? Avalanche Subnets Well Subnets are Avalanche’s solution to the scaling problem of…

*The Financial Stability Board (FSB), the International Monetary Fund (IMF), and the Bank for International Settlements (BIS) will deliver papers and recommendations establishing standards for a global crypto regulatory framework says the group of the 20. *FTX Japan allows total withdrawal of funds; users rejoice the ‘escape’ *U.S. Treasury Janet…

*Indonesia’s central banking regulator Bank Indonesia has announced the start of a consultation process for its central bank digital currency (CBDC) initiative known as Project Garuda. *Vitalik Buterin, the co-founder of Ethereum, in a recent podcast, revealed that he didn’t expect non-fungible tokens (NFTs) to be as successful as it…

Here’s is a list of last week’s interesting news in the crypto industry. *American venture capitalist Tim Draper has urged India’s government to hasten their adoption of blockchain technology to increase administrative efficiency and foster transparency. *Hong Kong Monetary Authority skeptical against algorithmic stable coins * the Philippine Economic Zone Authority (PEZA) confirmed the spike in the number of investments in January, an 83.69% increase from the figures of January 26