The Republican-controlled U.S. House of Representatives introduced a document calling for importance of POW mining to the US ability to achieve its energy goals and grow its economy. This is in sharp contrast to the White House just announced that it will increase the tax on POW mining by 30%.
The Republican-controlled U.S. House of Representatives introduced a document calling for importance of POW mining to the US ability to achieve its energy goals and grow its economy. This is in sharp contrast to the White House just announced that it will increase the tax on POW mining by 30%.
Starknet announced the establishment of five committees, including the Provisions Committee, which is responsible for planning, overseeing and executing the provision of the Starknet ecosystem token – STRK.
The founder of DeFiLlama stated that The DefiLlama team is forking Defillama, because DeFiLlama is undertaking a hostile takeover, and the person who controls both defillama’s twitter and domain has decided to launch a token despite everybody in the team not wanting it.
UBS Group is nearing a deal to take over Credit Suisse Group. The bank faced as much as $10 billion in outflows a day last week, the regulators feared that the bank would become insolvent next week if not dealt with, and they were concerned crumbling confidence could spread to other banks.
Bitcoin had more unconfirmed transactions in its mempool last week than at any point over the past 10 months. Ordinal inscriptions are a significant driver of transaction fees right now. Only so much transactional data can fit into each Bitcoin block, When there’s an excess, users must wait for their transactions to flow through the mempool.
The number of L2 transactions reached 1.546 million on March 16, a record high in a single day, which is about 148% of the Ethereum L1. The number of Arbitrum transactions exceeded 1 million, which may be the withdrawal of funds after the announcement of the airdrop.
Mifiel, a legal company specializing in digital signatures, has announced 69,000 digitized promissory notes created worth ~$212 million on the Bitcoin sidechain Liquid Network to facilitate debt financing between Mexican lenders and global investment banks.
A NYDFS spokesperson said the decision to take over Signature Bank on Sunday was not related to the bank’s crypto business. The bank did not provide “reliable and consistent data, creating a significant crisis of confidence in the bank’s leadership” and cryptocurrency is only a small part of its business.
On Friday, Signature Bank customers spooked by the sudden collapse of Silicon Valley Bank withdrew more than $10 billion in deposits. Regulators announced late Sunday that Signature was being taken over to protect its depositors and the stability of the U.S. financial system, which led to the third-largest bank failure in U.S. history.