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Crypto Morning Briefing: Joe Biden’s Government Proposes 30% Crypto Mining Tax

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Silicon Valley Bank Closed by California Regulator

Silicon Valley Bank was closed by the California Department of Financial Protection and Innovation. The Federal Deposit Insurance Corporation was appointed as the receiver. The FDIC created the Deposit Insurance National Bank of Santa Clara to protect insured depositors.

Next Stop Shanghai — Ethereum’s Latest Milestone Approaches

The Ethereum ecosystem will continue its ongoing metamorphosis as the highly anticipated Shanghai upgrade draws near. The latest preeminent smart contract blockchain protocol improvement will activate Ether (ETH) withdrawals from Ethereum’s Beacon Chain.

Joe Biden’s Government Proposes 30% Crypto Mining Tax

The administration of U.S. President Joe Biden has proposed an excise tax on cryptocurrency mining companies that is 30% of the cost of the power they use, as well as eliminating tax-deductible losses associated with crypto token wash-trading, according to a U.S. Department of the Treasury’s document published on 9 March.

DegenZoo Used AI To Create Logan Paul’s NFT Game Without Him

“It takes 30 days to build CryptoZoo. To prove that I will build: CryptoPoo $POO in less,” tweeted Chris Zaknun, the CEO of crypto fundraising platform DAO Maker, in January.

AI Blockchain Solution CryptoGPT (GPT) Gets Listed on Leading Exchange Bitget

Bitget, the largest crypto copy trading platform, announced the listing of CryptoGPT (GPT) in the AI Zone of the spot market. The deposit service will be open on March 10th, 7 AM (UTC), and trading will commence at 11 AM (UTC) on the same day. GPT Spot grid trading and Spot margin trading will be launched within three hours after the start of trading.  

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $20,131.85 USD, dropped by 1.25% in the last 24 hours;

ETH’s live price is $1,426.33 USD, dropped by 1.066% in the last 24 hours;

BNB’s live price is $277.48 USD, jumped by 0.15% in the last 24 hours;

XRP's live price is $0.37 USD, dropped by 0.16% in the last 24 hours.

Fundraising News

Greenoaks Capital VC Firm Warned Founders About SVB Last Year

Venture investment firm Greenoaks Capital Partners warned its startup founders of potential problems at SVB Financial Group’s Silicon Valley Bank last year, months before the bank’s announcement that it was selling assets to shore up capital, according to an email reviewed by Bloomberg News.

Aisot Technologies Raises CHF 1.8M in Seed Funding, AI-Powered Portfolio Insights for Equity and Crypto Markets

Aisot Technologies, a spin-off from ETH Zurich (Switzerland) developing AI-powered portfolio insights for equity and crypto markets, raised CHF 1.8M in Seed funding.

Bitcoin Bitcoin $60,318.61
+0.33%
Silicon Valley Bank Shanghai upgrade Blockchain Ethereum NFT AI Bitget
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