New Ethereum Layer 2, Base

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ETH Denver has started!! If you are attending ETH Denver, make sure you tag us (@thecryptoscroll) in your tweets / activities and we will reply! We appreciate all the love and support from all our readers - and make sure you continue referring us to you crypto community so we can continue providing the best newsletter possible 🖤✌🏻 WAGMI

• Coinbase to release low-cost & open-source Layer 2 Ethereum solution, Base (BLOCK)

• Coinbase beats Q4 expectations, but reports total losses over $2.6B in FY 2022 (YF)

• Dapper Labs' "NBA Top Shot" NFT project under legal fire after being declared a security (LAW360)

• Michael Saylor's MicroStrategy raised $46 million, hinting at huge Bitcoin purchase (CNF)

• What to expect from ETH Denver as it kicks off (BTCIST)

• Top Crypto & Web3 venture capital funds to watch in 2023 (HN)

• $100 million Crypto & Web3 VC Fund, Cypher Capital, started by former Binance M&A executive (BBG)

• Israeli blockchain chip startup raises $70MM for expanding engineering efforts (REUT)

• 'Here Not There' secures $25 million from a16z, Framework, and Benchmark to build metaverse towns (CD)

• Former Nazara Tech CEO raises $20 million for web3 gaming studio, Kratos Studio, valued at $150 million (VCC)

• Des Moines, IA based Brale secures $11.1 million from NEA, CEO of Cloudflare, and Albert Wenger (Brale.xyz)

• Binance Labs and Polychain Capital lead Polyhedra's $10MM funding for ZK Infrastructure (CD)

• ConstitutionDAO creators raise $2.8 million for Den Wallet from IDEO CoLab Ventures (CD)

• Blocto's cross-chain wallet valued at $80MM in latest funding round (FB)

• Top web3 venture firm Outlier Ventures partners with Aptos Foundation for web3 startup accelerator (NFTG)

• SEC chairman Gary Gensler confirmed everything other than bitcoin is a security (BitcoinMagazine)

• The U.S. Federal Reserve sends warning to banks about crypto liquidity risks (WGURU)

• Euro-backed stablecoin, Euro Coin (EUROC-USD), is officially listed on Coinbase (YF)

• New York top regulators and U.S. SEC oppose bankrupt crypto lender Voyager $1B acquisition by Binance.US (REUT)

• Janet Yellen and India's Finance Minister recently discussed banking, debt, and crypto assets (REUT)

• Privacy tech startup Beldex raises $25MM from DWF Labs to secure user data (CD)

• SBF hid political donations within FTX funds, leading to extra potential charges (REUT)

• Cyber Security Hub takes deep dive on hackers' initiatives to focus on retail crypto investors (CSH)

• Federal Network compromised by Iranian Government-Sponsored advanced persistent threat (APT) activity, utilized to deploy crypto miners (CISA)

• SecurityWeek Cyber Insights outlook for Web3 in 2023 (SW)

• ETH Denver kicks off today with events held through next week (CS)

• Ethereum is the winner of all losers even after losing more total market cap than all competitors combined (DFLMA)

• The bullish outlook from Coinbase's release of Ethereum Layer 2 network, Base (CT)

• Polygon founder backs Ethereum & Layer 2's while stating bearish outlook on Cardano, Avalanche, Aptos, and Solana (CS)

• Someone was illegally running a bitcoin mine under a school

• Hedge Fund Three Arrows Capital is beginning to liquidate via NFT holdings valued around 8-9 figures (BBG)

• FTX Japan resumes withdrawals for fiat & crypto (WGURU)

• Recent reports show crypto whales won big in 2022 at the major expense of retail investors (BIS)

• Paypal invests $20M in on chain risk optimizing startups (@blocknewsdotcom)

• Asiff Hirji leaves executive role at Coinbase to join MoonPay as President (NFTG)

• 3 crypto industry powerhouses team up for Regenerative Finance (ReFi) revolution (BW)

• The official ETH Denver schedule (ETHD)

• Self-hosted crypto wallets explained (21AN)

• DeGods and y00ts NFT projects leaving Solana - process explained (DT)

• The easiest and most efficient way to keep up with NFT, crypto, web3, and DeFi news (@CryptoVonDoom)

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