TODAYS CRYPTO NEWS: 7th=March=2023
• Kraken is set to launch its own crypto bank in the near future, as confirmed by Marco Santori, the crypto exchange's chief legal officer, during The Scoop podcast.
• The Securities and Exchange Commission (SEC) has filed an emergency action to freeze the assets of BKCoin Management, a crypto-focused hedge fund, and its co-founder Kevin Kang.
• Alameda Research has sued Grayscale for enforcing a "redemption ban" that could result in a loss of over a quarter billion dollars in asset value for FTX's customers.
• TeraWulf has commenced operations at the first nuclear-powered bitcoin mining facility in the US, with nearly 8,000 mining rigs currently online.
• Babel Finance, a struggling crypto lender, plans to pay back its creditors using a decentralized finance platform and a crypto-backed stablecoin token.
• Bybit intends to launch a new debit card on the Mastercard network to enable crypto payments in select European states and the US.
• An investigation has been launched by Singapore police into Terraform Labs and its founder, Do Hyeong Kwon.
• 🇵🇰 Pakistan's banks have agreed to collaborate on developing a blockchain-based national eKYC banking platform.
• 🇮🇷 Iran has finished the pre-pilot phase in the development of its Central Bank Digital Currency (CBDC).
• 🇧🇷 Brazil's central bank has announced the commencement of a digital currency pilot project, aiming to replicate the success of its instant payment system, Pix.
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