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Crypto Evening Briefing: Coinbase Cutting Ties With Silvergate Forces Crypto Hedge Fund To Find a New Bank

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HSBC, Nationwide To Restrict Crypto Purchases With Credit Cards: Report

HSBC Holdings and Nationwide Building Society in the United Kingdom have banned retail customers from purchasing cryptocurrency with credit cards. They are the latest in a growing line of banks in the UK to tighten restrictions on digital assets.

Hackers Siphon More Than $20M From DeFi Platforms in February

DeFi continues to be a major target for bad actors in the crypto market, with the total value lost exceeding $20 million. Data from DeFiLlama shows the extent of this damage, with most of the attacks taking place via compromised private keys.

Meta Faces Opposition From US Senators Over Horizon Worlds Marketing to Teens

Meta is facing more trouble with respect to its metaverse plans, with Democratic senators calling for the company not to release Horizon Worlds to teenagers. The Wall Street Journal reported on March 2 that two Democratic senators had sent a letter to Meta CEO Mark Zuckerberg, asking for a halt.

Uniswap Forms Six-Member Crypto Bridge Assessment Committee

Uniswap DAO has created a committee tasked with evaluating crypto bridge providers for future deployments of its decentralized exchange on blockchain networks.

Coinbase Cutting Ties With Silvergate Forces Crypto Hedge Fund To Find a New Bank

On March 3, a crypto hedge fund called Digital Asset Capital Management (DACM) with assets worth over $400 million announced they are looking for a new banking partner in Switzerland post Silvergate chaos. DACM used Silvergate’s real-time network to move funds to and from Coinbase Global Inc.’s platform.

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $22,379.30 USD, dropped by 4.33% in the last 24 hours;

ETH’s live price is $1,569.14 USD, dropped by 4.12% in the last 24 hours;

BNB’s live price is $289.51 USD, dropped by 3.16% in the last 24 hours;

XRP's live price is $0.3687 USD, dropped by 2.44% in the last 24 hours.

Fundraising News

REPUBLIK Raises $3.5M in Seed Funding, Raising Valuation to $75M

Web3 content creation platform REPUBLIK raised $3.7 million in its seed funding round, raising its valuation to $75 million. REPUBLIK offers a platform where content creators can connect with their audiences and utilize built-in smart contracts to handle monetization processes.

Investment Fund Focused on Crypto Mining to Be Created in Russia

The establishment of Russia’s first mutual investment fund dedicated to financing cryptocurrency mining operations is underway. According to a report by the Russian press, it will be available to qualified investors and will finance the acquisition of coin minting equipment.

Get the latest news here: Cointime channel — https://t.me/cointime_en

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