Polygon Cuts 20% Of Staff

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Middle of the week calls for lots of crypto & web3 news! Tons of startup funding in the last couple of days and lots of international chatter on regulation and innovation in the space. HODL, HODL, HODL!

• Hong Kong's plan to become the crypto innovation hub is now backed by China (UW)

• Binance says it is not leaving the U.S. (Pymnts)

• Crypto hedge fund Galois shuts down due to $40M FTX exposure (CD)

• Polygon cuts 20% of staff (TB)

• Bored Ape Yacht Club accused of IP theft (CT)

• Conflux (CFX), China's sole public blockchain, sees 1,300%+ increase in 2023 - 500% jump in the last week (CT)

• Coinbase CEO Brian Armstrong has pledged 2% of company stock to fund personal new ventures and other startups (BW)

• Yield Guild gaming raises $75MM fund for web3 gaming (TB)

• Swizterland's Taurus raises $65 million Series B for international digital asset platform (PYMNTS)

• Chaos Labs brings in $20M million in seed funding from Uniswap, Galaxy, Coinbase, Hashkey, Paypal Ventures, Bessemer VP, and more (CL.XYZ)

• Yield Guild Games also raised $13.8MM via token sale from DFW Labs and a16z Crypto (CPOT)

• Sequoia and Multicoin co-lead TipLink's $6 million round for simple crypto & NFT distribution (MED.TL)

• Gateway.fm secures $4.6 million for developing truly decentralized blockchain infrastructure (PRN)

• Million on Mars looks to utilize blockchain-based simulation application for space adventures with $3.5 million in fresh funding (VB)

Coinbase stock $COIN has had a rough year:

• Paxos is in conversation with SEC (CD)

• EToro gains regulatory clearance to offer crypto services in New York@WatcherGuru)

• China is backing Hong Kong bill proposal on crypto (WG)

• Kraken CEO Jesse Powell receives backlash from Binance CEO Changpeng Zhao regarding "off-shore" crypto regulation (DHODL)

• Fake ETHDenver sites are draining wallets (CT)

• $3.8B in crypto hacks in 2022 causing a cry for help (Chainalysis)

• Israel-based IronBlocks secures $7 million funding round for blockchain security startup

• A16Z backs Stelo Labs with $6 million for wallet security and web3 security education (TC)

Find more info about ETH Denver here: https://www.ethdenver.com/

• Hong Kong's Securities & Futures Commission looking to allow retail trading & investing of Bitcoin and Ethereum (UW)

• Helium targets March 27th to fully migrate to Solana blockchain (CD)

• How Stelo Labs is impacting Ethereum-users with security assistance and technology (SL)

More on the Helium situation: 

• Stripe expects to see $1T in payments volume for 2023 ... hopefully adding crypto (Pymnts)

• Litecoin network gets its firstNFT by forking Bitcoin Ordinal (CD)

• Coindesk wins Polk award for FTX exploitation (CD)

• Napster, the original digital music innovator, acquires Web3 startup Mint Songs (VB)

1 Month Litecoin Price:

• How Bitcoin Ordinals could help the crypto ecosystem (CD)

• What is a crypto launchpad and how does it work? (CT)

• How Hong Kong regulation can bring adoption to Asian countries, specifically China (CD)

• What are cold wallets? A MUST READ IF YOU DON'T KNOW! (BW)

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