In an interview with The Block, 1Money CEO Brian Shroder discussed his startup’s plans to create the fastest and most compliant network purpose-built for stablecoins.The network, which will not have a native token or smart contracts, is purpose-built to enable fast and scalable stablecoin transactions for businesses.

The US stock market closed down, with the Dow Jones Industrial Average falling 2.08%, the Nasdaq falling 4%, and the S&P 500 index falling 2.7%.

A crypto whale narrowly avoided a painful liquidation on Maker on Monday after the price of ETH came dangerously close to his liquidation price.Twice within two liquidation windows, he narrowly avoided liquidation by sending 2,000 ETH and later $1.5 million in DAI to lower the liquidation price and buy himself additional breathing room.

According to BlockBeats, on March 11th, Paraguay's Secretariat for the Prevention of Money Laundering (SEPRELAD) and El Salvador's National Commission for Digital Assets (CNAD) signed a memorandum of understanding last Friday. This is the second such agreement signed in the past three months, following a similar regulatory cooperation agreement reached between El Salvador and the Argentine National Securities Commission (CNV) in December last year. According to SEPRELAD's statement, both parties will jointly crack down on unlicensed cryptocurrency operations and strengthen anti money laundering measures.

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