 Elon Musk offered to buy out Twitter for $41.3B in cash to "go through the changes that need to be made" and plans to take the company private. Musk offered $54.20 a share, valuing the company at $43B, which caused Dogecoin to spike by 11%. More: - The Tesla CEO bought a 9.2% stake in Twitter last month, making him the largest shareholder in Twitter.
- Musk wants the social media company to realize its "potential to be the platform for free speech around the globe," according to the SEC filing.
- He believes that the company must be made private to serve "free speech" in its current state and that it is imperative for a functioning democracy.
- Following the news, Twitter shares jumped over 7% before settling down to 2%.
- Twitter CEO Parag Agrawal previously wrote a note warning of the "distractions ahead" and stated that the company's priorities will remain unchanged.
- In response to the offer, Twitter said it will review the proposal to determine the best course of action for the company and its shareholders.
Coin Desk 
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 Bank of Canada has turned to quantum computing methods for cryptocurrency simulations. The financial firm is simulating various scenarios where fiat currency and cryptocurrency can co-exist. More: - The bank hired Multiverse Computing, a quantum computing startup, to lead the research. The constructed model evaluated over 1 octillion (1 followed by 27 zeros) possible scenarios in 30 minutes.
- The startup completed its proof-of-concept that combined data from the blockchain, financial institutions, and the Tether coin (USDT).
- Tether is a stablecoin that is pegged to the U.S. dollar, and the company chose it for the model because it has undergone several market scenarios over an eight-year period.
- Results of the study were as follows:
- Non-financial institutions will have a slow adoption of cryptocurrency due to the high cost of associating digital currency with fiat currency.
- Banks may respond to the adoption of crypto by reducing wire transfer fees to compete with the low cost of crypto adoption.
Decrypt
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 North Dakota announced its plans to invest another $3B to accelerate its greener crypto mining operations with a promise to create the "cleanest crypto on the planet." More: - North Dakota government officials delivered a presentation at the Bitcoin 2022 conference in Miami in hopes that crypto miners will consider greener options for mining.
- WIth $3B already invested, the government is also securing another $3B worth of crypto projects in the region.
- James Leiman, North Dakota commerce commissioner, said: "We can take other people's liability or trash, if you will, and make it our treasure. That's why North Dakota is a highly specialized location for some of these crypto miners. Plus, there's a low price of electrons compared to the rest of the country. There's also access to abundant gas reserves. The sky's the limit, in my opinion, for the crypto industry."
- Due to the large oil and gas activity in the region, multiple crypto mining companies have already established a base.
- Crypto mining is powered by leftover natural gas that otherwise gets burned off as flare gas in oil and gas fields.
Zoom out: - Monetizing gas: Using excess gas is a great alternative power supply for crypto mining, and here is why:
- Reduces carbon emissions, which helps the environment and is a win-win situation for both oil and gas producers and crypto miners.
- Gas flaring is a byproduct of fracked shale output. The gas is burned off because it's uneconomical to pipe anywhere, which wastes energy and releases greenhouse gases.
- Crypto miners can instead use this gas to power their rigs. Existing projects to do this have shown a 63% reduction in greenhouse gas output compared to flaring.
- There is an increase of crypto miners partnering with oil and gas companies throughout the U.S.
- Giga Energy co-founder Brent Whitehead said, "Growing up, I always saw flares, just being in the oil and gas industry. I knew how wasteful it was … It's a new way to not only lower emissions but to monetize gas."
Coin Telegraph
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Amazon intends to sell NFTs in the future. CEO Andy Jassy said, "I do believe over time that you'll see crypto become bigger." More: - Jassy admits to not owning bitcoin but says he sees the potential of NFTs and crypto becoming bigger in the coming years.
- The company will eventually add NFTs to its retail business but does not see crypto being added to the payment mechanism anytime soon.
- Interest in crypto is not new at Amazon — last year, the company was looking to hire a digital currency and blockchain expert to its payments team.
CNBC
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The Ethereum Push Notification Service (EPNS) announced a $10.1M Series A round led by Jump Crypto with participation from Tiger Global, ParaFi, Polygon Studios, and more. More: - The company is now valued at $131M, and the fresh funding will be used to expand the development team and build and launch new products.
- PUSH is the company's governance token that allows users to vote and participate in staking.
- The company has over 44,000 subscribers and is collaborating with Decentraland, MakerDAO, and Polygon with a mission to become the main communication link for Web3.
- The EPNS helps deliver notifications from Web3 platforms for on-chain and off-chain users.
- Users receive updates on crypto prices, DeFi trades, expiring Ethereum Name services, NFT price fluctuations, and more.
Decrypt
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Blockchain.com partnered with the Dallas Cowboys in hopes of bringing blockchain and crypto awareness to the Texas community and beyond. More: - This partnership marks the first time a crypto exchange platform has entered an agreement with an NFL team.
- On March 22, a new set of rules were laid out for establishing blockchain partnerships that enable sports clubs to collaborate with digital asset exchanges, wallet providers, and NFT platforms.
- The partners will host a "Block Party" in the near future in hopes of educating people about the opportunities in the Web3 space.
Blockworks
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- Investors should always be aware of crypto-related scams and fraud. Here is one story of a man who lost $2.6M in four months.
- Inside Singapore's cryptocurrency mining facility.
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 |  | Gia Mattu is based in Calgary, Alberta. She is an entrepreneur with experience in climate technology, drones, AI, machine learning, and blockchain technology. When she's not working, she loves to hike the Canadian Rockies, try new cuisine, and travel. | | | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
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