Crypto exchange Bybit has stopped accepting U.S. dollar deposits via bank transfers, citing a "service interruption" by its partners. An announcement from the company on Saturday said it "will no longer support USD deposits via WIFT and Bank of America wire transfers, effective immediately." Bybit emphasized that it still supports deposits through the encrypted wallet Advcash or purchases of cryptocurrencies with credit cards. At the same time, users can withdraw cash via SWIFT or Bank of America wire transfer before 0:00 on March 10, UTC time (8:00 on March 11, Beijing time). Bybit will launch Advcash wallet withdrawal service soon. The exchange said the dollar assets held by Bybit are safe. Previously, Bybit launched a system that allows customers to verify their crypto asset reserves.

Ripple Chief Executive Brad Garlinghouse said the U.S. Securities and Exchange Commission (SEC) lawsuit against its encrypted payments firm Ripple Labs Inc. "will have critical implications for the industry," and he expects a ruling on the case this year. Additionally, he said that the SEC’s recent increase in crypto enforcement actions has put the U.S. behind other countries in establishing effective crypto regulation. According to previous news, the SEC sued Ripple at the end of 2020, accusing it of selling XRP as an unregistered security. Subsequently, Ripple Labs stated that the SEC could not prove that the company's sale of XRP was an investment contract.

Binance announced that it recently launched a joint anti-scam campaign in cooperation with law enforcement agencies around the world. The move follows a successful pilot with the Hong Kong Police Force. Targeted alerts and crime prevention information have previously been built in partnership with Hong Kong's local police, including helpful tips, examples of the most common scams, and relevant resources and contacts. Some 20.4 percent of users reconsidered withdrawals or reviewed transactions for fraud risks within the first four weeks of the program’s launch.

OpenSea Seaport has been upgraded to version 1.4, which supports listing multiple NFTs with a single signature. OpenSea stated that it will no longer accept orders for Seaport v1.1 through the API within 7 days, and will officially deprecate Seaport v1.1 on March 15.

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has pushed back against the notion that cryptocurrency exchanges can be safe and qualified custodians for investment advisors. Speaking at an investor advisory committee meeting on Thursday, it said a recently proposed rule directing investment advisers to find qualified custodians to store assets — including cryptocurrencies — represents a “significant improvement” to existing protection rules. ".

Aurelien Michel, the NFT developer of the MAYC imitation disk Mutant Ape Planet series, has pleaded guilty and was previously arrested on charges of defrauding $2.9 million. Prosecutor Dylan Stern and Michel's attorney, Adam Brody, asked the court to postpone the case until April 5 because they were negotiating a guilty plea and believed it would likely result in the case being disposed of without a trial.

Liquidity staking protocol Lido community is voting on its version 2 (Ethereum V2) upgrade, which includes a "staking router" that simplifies onboarding different subsets of validators. The second element of the v2 upgrade will allow users to exchange Lido’s flagship stETH tokens for base Ether tokens after Ethereum’s Shanghai upgrade is successful. The upgrade will also rewrite Lido’s oracle smart contracts and off-chain software to process withdrawals. Lido is preparing for the upcoming Shanghai upgrade of Ethereum.

The Beijing Municipal Market Supervision and Development Research Center recently released the "Beijing Financial Investment and Wealth Management Advertisement Compliance Guidelines", one of which includes the prohibition of publishing advertisements related to virtual currency (ICQ) and transactions. Do not induce audiences to accept inappropriate financial products and services.

The Bank of Canada has released a research report on the use of a central bank digital currency (CBDC) for offline payments. The article stated that these offline CBDC-type payments are more similar to physical banknotes and coins than digital currencies. It enables transactions without the internet, while still allowing online purchases when an internet connection is available. The design of an offline CBDC depends on the duration of the offline period. Offline CBDCs offer benefits to users such as enhanced resilience and better accessibility features. It also protects the privacy usually associated with offline payments. A CBDC must strike a balance between compliance, security requirements, and user needs.