The mining difficulty of Bitcoin increased by 7.56% to 46.84T at block height 782208, setting a new record high. The current average hashrate is 340.23 EH/s. Bitcoin price has risen 70% since January; mining difficulty has risen 30% this year.
Korean pop singer Kwon Ji-Yong, who has hundreds of millions of fans, will release the "Archive of PEACEMINUSONE" series of NFTs on the OpenSea platform. The first phase of the sale price is 0.27 BNB ($88).
According to CNA, Taiwan will announce at the end of March that exchanges and cryptocurrencies will be managed by the Financial Supervisory Commission. First, the industry will self-regulate, while referring to international norms, and finally establish a special law. Taiwan investors lost heavily in FTX Crash.
Bitcoin ATM maker GENERAL BYTES issues highest severity security incident. The attacker identified a security vulnerability in the master service interface used by Bitcoin ATMs to upload videos to server. This resulted in ability to read and decrypt API keys used to access funds in hot wallets and exchanges.
FTX group had a $6.8 billion shortfall in its balance sheet when it filed for bankruptcy last November. In total, the group of companies had debts of about $11.6 billion, the majority of that in customer claims, against $4.8 billion in assets, according to a presentation filed to the bankruptcy court on Friday.
A total of 625,143 addresses eligible for the Arbitrum airdrop, accounted for 23.5% of the total addresses. The average airdrops is 1,895, of which 625 are the main proportion, accounting for 16.8%; the number of addresses that meet the full allocation airdrop conditions is 4,428.
Coinbase announced that it will suspend trading for Rally (RLY), DFI Money (YFII), Mirror (MIR), OMG Network (OMG), Loom Network (LOOM), & Augur (REP) on March 29, 2023, because they are no longer meet listing standards.
The European Parliament passed the Data Act on March 14. The act sets requirements for the smart contracts, including “the smart contract shall include internal functions which can reset or instruct the contract to stop or interrupt the operation. […] Especially, it should be assessed under which conditions non-consensual termination or interruption should be permissible”.
According to Kaiko, Gemini’s market depth dropped 74% in March, Coinbase - 50%, and BinanceUS -29% due to disruptions in USD payment channels and crypto bank failures. Binance Global only down 13%. A deterioration in USD fiat entry could lead to more price volatility.