BlockFi is Bye Bye

All the web3 news you need in one scroll

November 30, 2022

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, let's get right into the breaking news!

  • The Reserve Bank of India (RBI) is set to launch a pilot for the Digitial Rupee tomorrow, December 1 (MINT)

  • Fidelity opens retail crypto trading accounts after one month waitlist (TB)

  • LINE closes its crypto exchange Bitfront (CD)

  • Market analysts from BitMEX and Mobius C.P. project the next target for Bitcoin could be below $10,000 (Decrypt)

  • Brazilian lawmakers vote in favor of recognizing Bitcoin as a means of payment (@WatcherGuru)

  • Web3 and DeFi top the charts for a 5th consecutive quarter being the largest investment space for Emerging Technologies (ETI) with $879 million worth of venture capital deals (PitchBook)

  • Paris-based startup Kiln raises $17.6 million Series A to lead enterprise-grade Staking-as-a-Service for the Ethereum Blockchain (CD)

  • Nucleo raises $4 million Seed led by Bain Capital Crypto and 6th Man Ventures to build on-chain privacy infrastructure for companies (NFTG)

  • Anthemis and Dragonfly Capital lead $8 million round into Cameroonian decentralized wallet and savings startup, Ejara (TC)

  • Mastercard has filed 15 Web3 trademark applications (@kondoudisLaw)

  • Web3 DAO game7 unveils $100M grant program(CD)

  • Democratic Senator Ron Wyden asking Binance, Coinbase, KuCoin and other crypto exchanges for financials and regulatory roadmaps (WP)

  • House lawmakers set first FTX hearing December 13 (TB)

  • Political donations are shaking things up in the crypto world, including the firing of crypto fintech Prime Trust’s CEO (CD)

  • FTX hacker staying very active, transferring 255 BTC ($4.1 million) to OKX exchange through ChipMixer (WGURU)

  • Looking ahead at cybersecurity trends and needs as the $150B spent globally to stop hacks is not enough (MITTR)

  • FortiGuard Labs discovers new ransomware, Cryptonite (not the Chaos ransomware), that is a Free and Open Source (FOSS) kit that utilizes Bitcoin wallets (Cyware) (Fortinet)

  • Novus Security scores $50k to develop Web3 security application (GMU)

  • Solana wallet Phantom adds Ethereum and Polygon support (TC)

  • Ether ($ETH) slides below $1200 as a “whale” investor moves $86 million worth of ETH to centralized exchange, Binance (CD)

  • In a recent interview, Swan Bitcoin founder Cory Klipstein says Ethereum Is a “con” and “shit coin” (Kitco)

  • Professional traders believe the $ETH bottom is below $1000, even though Ether rallies back 5% (above $1220) on Tuesday, November 29 (CT)

  • Solana wallet Phantom adds Ethereum and Polygon support (TC)

  • BlockFi officially files for Chapter 11 Bankruptcy amongst FTX fallout (Reuters)

  • BlockFi follows bankruptcy announcement with lawsuit against Sam Bankman-Fried for shares in Robinhood ($HOOD) (FT)

  • Amazon has acquired the rights to an 8 part mini series about the downfall of FTX (TC)

  • Texas calls SBF to appear in court in February of 2023 (WGURU)

  • Understand Staking-as-a-Service on Ethereum and its potential for users to grow their money (ETH

  • Crypto lenders and exchanges keep dissolving - here’s why (CD)

  • The pros and cons of adding and integrating crypto payment options to ecommerce stores (CN)

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