Scammers falsely guaranteed 70% profits on an investment of 1 billion won within a month and stole 5.5 billion won over six different transactions.

https://cointelegraph.com/news/south-korea-police-4-1-m-crypto-fraudsters

FTX has announced agreements totaling $884 million to sell a substantial portion of its shares in the AI startup Anthropic.

https://beincrypto.com/ftx-sell-artificial-intelligence-startup/

Digital assets manager CoinShares says institutions dumped a new weekly record of $942 million in crypto products last week. In its latest Digital Asset Fund Flows report, CoinShares says the new record outflow breaks a seven-week run of record-setting inflows.

https://dailyhodl.com/2024/03/25/grayscale-leads-institutional-offloading-of-crypto-products-as-942000000-leaves-markets-coinshares/

Contrary to the perception that decentralized applications (dapps) are unstoppable, many are “reliant on centralized middleware components in the extreme.” James Bayly, COO at Subquery, argues that such an overreliance on centralized middleware components or their providers “completely undermines [the] supposedly decentralized applications and networks.

https://news.bitcoin.com/centralization-aids-web3-when-leveraged-to-hasten-development-of-dapps-says-james-bayly/

Congressman Patrick McHenry and Senator Cynthia Lummis recently expressed optimism regarding the passage of critical crypto legislation before the upcoming election in November, according to media reports on March 20. Speaking at a Coinbase event, McHenry highlighted the positive shift in legislative prospects, particularly in the wake of leadership changes within the House Republicans.

https://cryptoslate.com/us-lawmakers-believe-crypto-regulation-could-become-law-by-election-day/

Amidst a turbulent week for cryptocurrencies, macro-economist Alex Krüger has provided a crucial breakdown of the factors leading to the market's downturn. With a significant decline in Bitcoin's value leading the charge, the cryptocurrency landscape has seen a ripple effect, impacting a broad spectrum of digital currencies.

https://www.cryptoglobe.com/latest/2024/03/the-top-4-reasons-for-the-crypto-market-crash-or-correction-according-to-prominent-analyst-alex-kruger/

Genesis and Gemini have taken steps to compensate users affected by their failed Earn program. According to a March 19 statement from Gemini, Genesis asked a bankruptcy court to approve a settlement in principle that will distribute funds to users.

https://cryptoslate.com/genesis-and-geminis-earn-program-closure-leads-to-2-billion-settlement-offer-for-affected-users/

As Pakistan seeks a crucial bailout, the IMF is demanding tax system reforms that would formally bring crypto gains into the tax net.

https://dailycoin.com/crypto-gains-in-imfs-crosshairs-for-pakistan-tax-reforms/

The world's largest crypto exchange by volume is reportedly severing ties with its multi-billion-dollar investment branch. According to a new report by Bloomberg, since taking the helm from former Binance co-founder Changpeng Zhao, Binance CEO Richard Teng has pushed Binance Labs – the crypto exchange's investment arm – into a separate company.

https://dailyhodl.com/2024/03/15/worlds-leading-crypto-exchange-binance-distances-itself-from-its-investment-arm-binance-labs-report/

The US Attorney's Office in Massachusetts has initiated a civil forfeiture action aimed at recouping $2.3 million in cryptocurrency. This amount is associated with several internet frauds, with 37 victims all over the country.

https://coingape.com/us-seeks-forfeiture-of-2-3m-in-crypto-tied-to-online-scams/

The founder of Bitcoin Fog, a crypto mixer, was convicted in a Washington DC court on Tuesday.

https://blockworks.co/news/bitcoin-fog-founder-convicted-by-jury

Navigating the complexities of the cryptocurrency market and seizing opportunities require a blend of innovation, ethical practices, and a deep understanding of distributed ledger technology (DLT).

https://beincrypto.com/distributed-ledger-blockchain-technology-future-success/

According to the report, AI tokens' value has inflated due to industry hype, lacking sustainable demand drivers in the short to medium term.

https://cryptopotato.com/coinbase-says-ai-tokens-value-overstated-surge-fueled-by-hype/

Recent developments have sparked discussions on whether China is reconsidering its stance on cryptocurrency trading. Despite a pronounced crypto trading ban since September 2021, there is a noticeable uptick in interest within China.

https://beincrypto.com/will-china-lift-crypto-ban/

Two Binance executives were recently detained in the country, and the exchange's CEO Richard Teng, has been summoned to appear before a committee.

https://www.coindesk.com/policy/2024/03/05/binance-will-discontinue-its-nigerian-naira-services-after-government-scrutiny/