A global cryptocurrency-friendly bank, Xapo Bank, headquartered in Gibraltar, is betting on crypto lending revival by launching Bitcoin-backed US dollar loans.
In an announcement shared with the Cointelegraph on March 18., Qualifying Xapo Bank clients can now access Bitcoin BTC$83,364 loans of up to $1 million.
Seamus Rocca, Xapo Bank CEO also told Cointelegraph, that the new lending product is designed for long-term Bitcoin hodlers who want to access cash while keeping their BTC.
“Unlike traditional assets, Bitcoin is an ideal form of collateral — it is borderless, highly liquid, available 24/7, and easily divisible, making it uniquely suited for lending,” Rocca said.
Ethereum average gas fees dropped 95 per cent one year after the Dencun upgrade
Ethereum gas fee average has dropped by 95 per cent in the year following the Dencun upgrade, one of Ethereum’s most significant network improvements.
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Ethereum’s Dencun upgrade was rolled out on March 13, 2024. The upgrade combined the Cancun upgrade on the execution layer and the Deneb upgrade on the consensus layer.
The main aim was to enhance Ethereum’s scalability and reduce transaction costs for layer-2 networks. As per YCharts data, Ethereum’s average gas fee has fallen from 72 gwei in 2024 to just 2.7 gwei as of March 12, 2025.
Users paid $86 in fees for an average swap exchange during last year and NFT sales required an average $145 in gas fees. According to Etherscan data the average price for an exchange was $0.39 and NFT sales averaged $0.65 when this piece was written.
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Hacker breaks into AI crypto bot aixbt’s dashboard to snatch 55 ETH
An attacker got access to an artificial intelligence crypto bot dashboard where they issued instructions causing a transfer of 55.5 Ether which held a value of $106,200 from the wallet of the bot. This incident raises security questions about AI agents in crypto trading.
In a post on X on March 18, the maintainer of “aixbt,” said its main systems remained unaffected and the breach wasn’t the result of manipulating the AI.
rxbt added, “We’ve migrated servers, swapped keys, paused dashboard access for security upgrades, and reported hacker addresses to exchanges.”
As per the CoinGecko data, the aixbt (AIXBT) token on the Ethereum layer 2 Base has fallen 15.5% to 9 cents since the hack, which happened on March 18 at 1:58 am UTC.
