20 Years Behind Bars And $250k Fine For Accessing Banned Crypto Apps

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Another wild week in the books. Tons of NFT announcements (learn more @thedropnft) and regulation speculation this week, along with another solid week of venture funding. Don't forget to check out our 'Blockchain Funding Friday' Twitter threads highlighting some of the top deals throughout the week! Thanks for the support, Scrollers 🖤 and enjoy today's quick scroll.

• S686 Bill gives 20 year sentence and $250k fine for using VPN to access banned apps (@WhaleChart)

• Crypto exchange Gemini looking to launch overseas derivatives (CD)

• Traders have pulled $2.1B from Binance in the last 7 days (WSJ)

• More FTX & Alameda funds are being found; $157M coming from crypto exchange OKX (CD)

• Dapper Labs reveals a new $725M fund for the Flow blockchain ecosystem (BLOCK)

• Crypto hardware wallet company Ledger secures $108M in extension funding from VaynerFund, True Global Ventures, and more (TC)

• Radix Tokens valued at $400M following funding round led by DWF Labs for new smart contract integration (CD)

• Blockchain startup Fetch.ai gets $40M for monetization and other AI-generated information (TC)

• Paradigm backs Conduit with $7M for their crypto-native infrastructure for web3 builders (Conduit)

• Presta raises impressive $3.3M pre-seed from Distributed Ventures for its end-to-end digital lending platform (FINT.G)

• Ensemble, an artists & creative process NFT platform, secures $1M seed round from Collab Currency (@ensembledotart)

• Don't forget to check out our Blockchain Funding Friday thread (@thecryptoscroll)

• The liability of DAOs and their founders are being put to the test (CD)

• Montenegro to hold Do Kwon for 30 days

• Elizabeth Warren is looking to ban crypto wallets (CT)

• Coin Center says RESTRICT Act could be used against Bitcoin (DECRYPT)

• Euler hacker returns over $150M (TD)

• Telegram and WhatsApp look alike sites are scamming people (HN)

• KuCoin launches a $1M bug bounty program, the largest of its kind (BW)

• Polygon zkRollup goes live on mainnet (TD)

• Kraken partners with Formula 1 for advertising (DECRYPT)

• @BoysClubCrypto introduces community rewards program, DIMES (@BoysClubCrypto)

• Zero Hash doubling down on crypto (PYMNTS)

• Algorand aims to help developers with algokit (CD)

• Aeropostale files for NFT trademarks (@eliana_esq)

• Tommy Hilfiger drops their multi-metaverse hub on Decentraland (CNZ)

• What exactly is web3 (BUILTIN)

• Decentralized Digital Identity (DID) is one of the most important topics of web3 for many reasons (WEF)

• Blocktrace is incorporating AI and Blockchain for transaction tracking (DT)

Today is the Day!!!

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