Former Coinbase Manager Sentenced For Insider Trading

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Another day, another dollar towards enterprise adoption! Microsoft, Deloitte, and Goldman Sachs are creating a blockchain network, EY is creating a. blockchain-based platform on Ethereum and Sports Illustrated announced an NFT ticketing partnership! Exchanges & firms are also putting up crazy volume and profit. Today’s read is a makeup for unpublished edition Wednesday, May 10, 2023. Enjoy!!!

• Former Coinbase manager caught for insider trading (WGURU)

• Binance’s pause on BTC withdrawals due to network congestion (CD)

• Deloitte integrates blockchain for digital credentials (INTELGRAPH)

• Fed reveals 722 banks reported over 50% unrealized losses (BITCOIN)

• PayPal discloses $1B of crypto in their recent 10-Q filing (BW)

• Tether Posts $1.5B Q1 Profits (DT)

• Microsoft, Goldman Sachs, Deloitte and others are creating a blockchain network (WGURU)

• Franklin Templeton ($1.4T AUM) is raising a second blockchain-focused private equity fund (CD)

• Blockworks hits $135M valuation following fresh $12M funding (AX)

• Pudgy Penguins raises $9M (CD)

• Goat Capital & C Squared Ventures back Fare Protocol with $6.2M for probability contracts technology (@oracle_xyz)

• Tristero bags $4.8M from General Catalyst for on-chain “dark pool” (@oracle_xyz)

• BlockTorch raises $4.2M to support scaling web3 applications (TFN)

• MetaZ receieves $1M backing for web3 shoe reselling marketplace (FU)

• Token audit firm, Nomiks, gets €1M from Outlier Ventures and Cyngy Capital (RB)

• CoinBase is in talks with UAE for potential endeavors (TB)

• Ripple has spent $200M fighting the SEC (CD)

• The US is “getting passed” in crypto policies (PYMNTS)

• Blockchain Association calls for revision to SEC custody rule (BW)

• Wyoming Stablecoin Token Commission held first meeting this week (BW)

• UK Citizen pleads guilty after being extradited to the U.S. for $8M crypto hacks and Twitter hack (CPOT)

• Web3 and DeFi hacks surge in Q1 2023: 22 reported hacks and $265M reported stolen (BiC)

• How the 2016 DAO hack forever changed blockchain (CD)

• Someone lost $120K in ETH after a mistake in fees (CP)

• Sports Illustrated x Box Office: NFT Event Ticketing (DT)

• Professional Services Firm EY is launching a carbon emissions tracking platform on Ethereum (CD)

• SBF is dismissing criminal charges for fraud (CD)

• Bittrex files for bankruptcy (BW)

• PayPal holds $499M worth of BTC for customers (@BitcoinMagazine)

• Paxful, popular Bitcoin P2P marketplace, reopens after recent shut-down (DT)

• Uniswap now leads with volume ($1.2B) over Coinbase ($948M) due to meme coin transactions (DT)

• Hedera Q1 insights (MESSARI)

• Generative AI mixes with web3 (CT)

• Web3 Investment Frameworks & Due Diligence Checklist (CME)

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