Silvergate Stock Cut In Half From Crypto Turmoil

Welcome to the Crypto Scroll. Get caught up on all web3, defi, and crypto news in just one quick scroll. We do the homework so you don't have to. Powered by The Drop.

gm,

Rolling into the weekend with lots of news to cover, including ETHDenver activities. If you are at ETHDenver, make sure to reach out to our very own @CryptoVonDoom as he arrived yesterday! Also be sure to check out our new weekly Twitter thread on Web3 VC & startup funding news (@thecryptoscroll) 💸 We have lots planned for the coming months so make sure to share the newsletter with everyone you know so they don't miss out 👀 Enjoy the weekend and we'll be back Monday with more news ✌🏼

• Investors withdraw $6B from Binance coin (PYMNTS)

• Binance Pay Now partnership with CityPay.io allows Georgia-based individuals to buy Wendys and other consumer items with Shiba Inu ($SHIB) (U.T)

• Ras Al Khaimah emirate in UAE is opening a free economic zone devoted to digital asset companies & builders (WGURU)

• Coinbase cuts off last of ties with Silvergate Capital after delaying release of company 10k filing (REUT)

• Robinhood releases Robinhood Wallet on iOS for digital asset investors (TC)

• Global VC deals that made the news March 1st, 2023 (PB)

• Cryptomeria Capital and Axon Partners Group collaborate on corporate partnership for web3 investments (IO)

• Shima Capital GP announces the continuation of blockchain and crypto startup investing (DJ)

• Impossible Cloud raises $7.6 million to decentralize cloud services (VB)

• Web3 Gaming and NFT analytics platform Helika secures $4 million seed funding (IO)

• Kansas City based 'Redeem', led by serial entrepreneur Toby Rush, bags $2.5 million pre-seed for NFT transferring technology via text messages (CD)

• SEC Chairman says crypto exchanges are not valid custodians (CD)

• Australia to launch tests & study on CBDC for eAUD (DT)Former FTX Director of Engineering Nishad Singh pleads guilty (PYMNTS)

• Coinbase launches grassroots campaign to influence US lawmakers and regulators (TB)

• France tightens their crypto roles for new entrants (DECRYPT)

• Robinhood receives subpoena from SEC (CD)

• Algorand native wallet MyAlgo urges customers to withdraw funds after $9.6M hack of customer funds (PYMNTS)

• BitKeep Swap is compensating victims from $8M exploit in 2022 (INV)

• BitBNS exchange hushes hack announcement as advised by Indian Law Enforcement, after the infamous ZachXBT discovered the year old hack (CD)

• 'Rip Deals' are ripping across Europe with the explosive increase of crypto con artists (CD)

• Oasis patching $150M bug (TD)

• 'Account Abstraction' from ERC-4337 launches at WalletCon in Denver to provide Ethereum 'bank' accounts (CT)

• An anonymous ETH holder has over $400M in returns, that's a 5,333X (@jconorgrogan)

• Polygon launches decentralized ID services powerd by ZK proofs (TD)

Ethereum Improvement Proposal 4337 is officially live on the network

• XRP surpasses 4.6 million wallet addresses (WGURU)

• The amount of BTC in dormant wallets surpasses the amount of BTC on exhanges (glassnodes

• Orange Comet wants to be the "Disney of web3" (DECRYPT)

• Visa is not slowing down its crypto products (DECRYPT)

• Three Japanese banks start stablecoin experiments (CD)

• 10 most innovative companies building in blockchain, crypto, and web3 entering 2023 (FC)

• Silvergate Capital shares fall another 40%+ after delaying 10k filing for these reasons (CNBC)

• Blur has taken over the NFT world, and individuals has extremely polar views on it (@AaronSage)

• Beware of the rising long crypto con, Rip Deals - explained (BZEIT)

Sponsored Content: There is no sponsored content in this newsletter.