The Biden Administration Wants To Kill Crypto!?

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What a week it has been 😅 It's St. Patty's Day today which should mean a completely green crypto market today! Don't forget to check out our Twitter (@thecryptoscroll) for breaking news, frequent updates, and our new Funding Friday threads! We appreciate the support and are exciting to keep growing with you OG readers 🖤 Enjoy this weeks' final edition👇🏼

• The Biden Administration is allegedly creating market destruction to "kill crypto" (WGURU)

• Binance suspending crypto transfers for UK customers (PYMNTS)

• Crypto asset manager BlockTower Capital exposed to Signature and Silvergate Banks with $940M of gross asset value (Y)

• Meta announces more layoffs as it rolls back web3 investments (CA)

• U.S. Department of Justice arrests Chinese billionaire over suspected $1B fraud that involved digital assets (AX)

• FTX debtors to pay $3.2B schedule to former FTX founders and executives (PRN)

• The U.S. Government's "FedNow" payment system will debut in July 2023 (@thecryptoscroll)

Crypto wallet & exchange downloads have skyrocketed after the bank runs

• Ripple makes strategic investment into Blockchain Founders Fund for web3 adoption through startups (PRN)

• Cathie Wood raises $16.3M for new crypto fund (CD)

• KuCoin Ventures leads $10M in funding for stablecoin CHNC (TB)

• Metalink launches social NFT mobile app after $6M seed round from Gary V, MoonPay CEO, and more notable web3 investors (CD)

• TikTok whistleblower raises $3M seed round from Struck Crypto for a social wallet recovery tool startup, Soul Wallet (BLOCK)

• Decentralized Bitcoin exchange 'Alex' raises $2.5 million from Trust Machines and Gossamer Capital (BLOCK)

• TeleportDAO, a cross-chain interoperability startup, secures $2.5M from AppWorks and DefinanceX (FSME)

• Smooth Labs raises $2M from NGC Ventures for developing blockchain transactional infrastructure (BLOCK)

• South Florida was one of the hottest locations for blockchain venture dollars in 2022, raising $965M (RM)

Cathie Wood is able to raise $16.3 for her new crypto fund despite her questionable ARKK fund performance of late. (S&P 500 performance has been 65% for the 3y)

• Chainalysis emphasizes regulation as critical (PYMNTS)

• FTC says Epic Games to refund $245M to players (PYMNTS)

• US Treasury proposes 30% tax on crypto mining (CD)

• BlackRock CEO says US "lagging in innovation" on things like tokenization (BW)

• European parliament passes EU digital wallet legislation

• UK crypto investors will have to record their crypto gains/losses separate in 2024 (CD)

• Utah web3 attorney describes how crucial crypto regulation is (HN)

• SEC Chairman Gensler states that Proof-of-Stake tokens are and should be classified as securities (CD)

• Euler releases $1M bounty for $200M hacker (BW)

• Connected2023 a connected web3 social hackathon by CyberConnect (GNW)

• MakerDAO emergency measures to reduce USDC exposure (TD)

• German and U.S. authorities dismantle the dark web's largest cryptocurrency laundromat ChipMixer and seize $42.2M of Bitcoin (DT)

• Former investor at Entrepreneur First, Le Nguyen, just raised a $1.1M oversubscribed pre-seed for his security startup, Staging Labs, after personal $10k hack (TC)

• Unstoppable Domains to roll out Polygon .polygon domain (CD)

• Anchorage Digital laying off 20% of staff (CD)

• Ethereum Shapella upgrade passes final testnet deployment (TD)

• Filecoin launching smart contracts (TD)

• Fidelity crypto launches out of 'stealth mode' to offer retail clients Bitcoin & Ether (BLOCK)

• Former Ethereum NFT project 'Doodles' is no longer an "NFT project"; now a media franchise (@thedropnft)

The crypto market is also celebrating St. Patty's Day ☘️

• Fog Works launches the worlds first personal Web3 server, Foggie Max (CS)

• Crypt.io partners with Protocol Labs to help Filecoin miners (CD)

• Chipper Cash is exploring sale of company due to SVB's involvement and 2% ownership following $250M raise in 2021 (INS)

• Provenance Blockchain Foundation announced a $50M grant for blockchain developers focused on regulated finance (CT)

• Tether $USDT market cap now double USDC (DECRYPT)

• Blur goes mobile (@blur_io)

Check out the mobile Blur browser below:

• What is decentralized identity? (BW)

• Why verifiable data is important for AI integration (DECRYPT)

• Advisors bullish on crypto education (CNBC)

• The Drop is covering the latest news on Doodles not-so-NFT Project (@thedropnft)

• Bettors are utilizing crypto for March Madness brackets & bets (GS)

• Where crypto startups are seeking for banking after Signature and SIVB collapse (TB)

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