The new law has attracted controversy for endangering the immutable nature of blockchain-based conditional programs

The new tool will allow users to expand their digital identity across over 750 decentralized applications, games and metaverses on the Polygon network.

Customers will be limited to payments of 1,000 pounds ($1,218) per day and 5,000 pounds over a 30-day period.

The bitcoin price (BTC) rose to a nine-month high of $25,484 in the minutes following the report.

SVB collapsed last week following a $42 billion bank run after it announced plans to sell $2.24 billion in new shares.

The latest price moves in bitcoin (BTC) and crypto markets in context for March 14, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto

Banking sector stress strengthens the case for Fed pause next week. Likely beneficiaries from the financial stress are gold and bitcoin, one observer said.

The bug pertains to the way peer-to-peer communications are conducted on blockchain networks, such as Litecoin and Zcash.

Major banks are still willing to work with crypto firms though they may implement service restrictions, according to messages viewed by CoinDesk.

On Saturday, India’s crypto industry pulled off a near coup by bringing senior leaders from India’s ruling party and the opposition benches to an event to engage in serious discussions.