Crypto Jumps After Fed News

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, it's a new week and the news doesn't stop flowing!

• Crypto follows the stock market as both jump 2%+ after Federal Reserve Chair, Jerome Powell, indicated slower rate hiking (Decrypt)

• ARK Invest’s Cathie Wood still bullish on Bitcoin reaching $1 million per BTC by 2030 (CP)

• November was a bearish month as investors sell off $20B worth of crypto in the last 30 days (WSJ)

• Stripe launches cash to crypto service (Bitcoinist)

• Warren Buffett actually has investments tied to Bitcoin (SA)

• Marketing and Venture firm DFW Labs commits $15 million to Binance’s “Crypto Recovery Fund” (UT)

• Web3 and Crypto is the largest venture-invested sector in the past year with $6.5B invested year-to-date (Decrypt)

• Hexa (formerly eFounders) has spun up 2 startups studios: Logic Founders for fintech startups and 3Founders for Web3 Startups (TC)

• Roboto Gaming Studio raises $15 million led by a16z to bridge Web2 games with Web3 in-game components (CD)

• Boston-based startup Burn Ghosts which gives users NFT prizes for gaming, raises $3.1 million from Drive by Draft Kings (Decrypt)

• Fleek receives $25 million Series A investment from Polychain Capital, Coinbase Ventures, and more to create a Web3 Content Delivery Network (CDN) (TC)

• Brazil officially recognizes Bitcoin as a form of payment through crypto regulation framework (BM)

• Indonesia follows India by launching a whitepaper for a Digital Rupiah (WGURU)

• Senator Brown opens door for crypto regulation (CD)

• After “reviewing and learning which events led to the FTX implosion,” SBF plans to testify before House of Financial Services Committee (Bloom)

• Angel Investing in cybersecurity explained: investment math, getting involved, and the process (ViS)

• Thousands of scams have been and are still being created in ties with the FIFA World Cup, from fake websites to fake crypto tokens and websites (WP)

• Analysis of the scandalous pump on the Binance exchange (Gargarin)

• Hacker makes off with millions after minting six quadrillion of Ankr’s BNB Tokens (TD)

• Bitcoin security firm casa embraces ethereum (Decrypt)

• Opensea says NFT creators earned $1B in royalties this year (TB)

• Porsche is planning for 911 NFT collection in web3 push (LI)

• What are ZK-Rollups (TD)

• Full interview and transcript of Sam Bankman-Fried discussing FTX incident at DealBook event (NYT)

• FTX is in debt $55,000 to Jimmy Buffett’s Margaritaville resort (BI)

• Apple blocks Coinbase wallet release on iOS (WG)

• Low hardware costs causes high demand for powerful Bitcoin Miners in Q4 in Russia (BTC)

• The importance of self-custody with crypto assets is revealed after FTX scandal (Medium)

• Build dApps that work across multiple chains (@thirdweb)

• Here’s what to do with your XRP, BCH, and ETC as Coinbase will be delisting these assets (YF)

• How non-profits can utilize Web3 technologies and crypto for fundraising efforts coming into the ‘Giving Season’ (e27)

• It’s important to know understand Tax-Loss Harvesting with not only stocks, but crypto as tax season comes around (Reddit)

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