Regulating Staking

All web3 news in one scroll

February 15, 2023

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Happy Wednesday my dudes. Regulators are bringing the hammer down on crypto. All you need to know and more below👇🏽

  • Cathie Woods buys another $2.9M in Coinbase shares (CD)

  • Vitalik Buterin donated $227K to victims of Turkey earthquake (CT)

  • A promoted individual Twitter account cost $7 million for a 30-second Super Bowl advertisement

  • Kraken shuts down US staking operations in cooperation with SEC (CD)

  • Coinbase's Armstrong weighs in on staking regulation (TB)

  • Recent listing of funds being raised by ZK Proofs, DeFi Protocols, and DAOs(CCLTR)

  • Paris Hilton drops metaverse dating experience 'Parisland' (Decrypt)

  • UK's Carbonplace raises $45MM from 9 banks for blockchain carbon tracking (CHRLD)

  • ScalingX launches $20 million accelerator for Web3 developers (CT)

  • Monad Labs raises $19MM as next 'Ethereum Killer' (CD)

  • Mino Games looks to accelerate global growth and adoption with recent $15 million Series B (YF)

  • Sequoia and Dragonfly VC back Caldera with $9MM for no-code web3 software (TC)

  • CUB3 raises $6.5 million Series A for utilizing digital rewards (MPST)

  • Decasonic, Blockchange, and Outlier Ventures back cloud rendering and XR streaming startup, Mawari Corp., with $6.5 million in seed funding (AUGNX)

  • Blockchain interoperability startup Orb Labs banks $4.5 million from Bain Capital Crypto (CD)

  • Sesame Labs secures $4.5 million from Wing VC and Patron for its web3 marketing software (CMSW)

  • FanDuel co-founders create music collectible startup with $4 million in seed money (CD)

  • Regulator wants crypto firm Paxos to stop issuing Binance stablecoin (WSJ)

  • Signature Bank sued for 'facilitating' FTX fraud (Pymnts)

  • Dubai prohibits privacy coins under new rules (CD)

  • United States Committee of Banking, Housing, and Urban Affairs host hearing on needs safeguards for digital assets (BSG)

  • Decentralized cybersecurity is one of the fastest growing markets, resulting in $10T opportunities (F)

  • OneKey hardware crypto wallets failed hacking security test from cybersecurity startup Unciphered (YF)

  • Eleos Labs is freshly formed by Microsoft, Brave Browser, and Ethlas executives for anti-fraud + theft initiatives in web3 (PRN)

  • Wormhole hacker is looking at arbitrage opportunities with $46 million crypto transfers (CT)

  • Lazarus, North Korea's infamous hacking group, using new coin mixer called 'Sinbad' for laundering and anonymity (CN)

  • How a crypto project lost $4 million to fake investors(CT)

  • Ethereum cofounder says ETH will never be classified as a security in the United States (CT)

  • ETH testnet processes first staked ETH withdrawal (CD)

  • Rocket Pool's Ethereum staking service crosses $1B in TVL in less than 2 years on mainnet (CT)

  • Uniswap DAO proposal for releasing v3 on BNB-chain rather than Ethereum passes after a16z backlash (BLOCK)

  • Paypal pauses stablecoin projects amid Paxos scrutiny (Pymnts)

  • Tether sees record $700M profits in Q4 2022 (UW)

  • Magic Eden lays off 22% of staff (CD)

  • Microsoft kills Industrial Metaverse project after 4 months of operation (TINFO)

  • Venom blockchain group partners with MakerDAO (UTDY)

  • Hedera leads DLT transactions with 4 billion mainnet transactions less than 50 days after the 3 billion milestone (@Hedera)

  • Millions donated crypto to help victims of the earthquake in Turkey (TD)

  • A16ZFounderMarc Andreessen has been predicting Ethereum and Bitcoin growth since2014(BW)

  • A16Z weighs in on ZK Rollups and ask followers for simplest explanation of them (@a16zcrypto)

  • The reasons why banking giant BY Mellon believes crypto is "here to stay" (UW)

  • Is regulation friend or foe of blockchain? (Pymnts)

Web3 Adoption At Its Finest

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