SBF Gets Bail

All the web3 & crypto news in one scroll

December 23, 2022

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. 

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Happy Friday and Happy Holidays!

  • Sam Bankdman Fried to be released on $250M bail (WG)

  • Voyager Digital's remaining $1.022B worth of assets to be acquired by Binance.US (CD)

  • Binance founder and CEO, CZ, tweets statement about increasing majority shareholder position in Indonesian crypto exchange, Toko (@cz_binance)

  • Russian Parliament's top crypto expert is being investigated with money laundering scheme connected to his wife and an over-the-counter cash exchange (CD)

  • Grayscale is nearing last resort options, including 20% discount offerings, for shareholders with its Bitcoin (GBTC) exchange-traded fund (WSJ)

  • Amazon releases new series NFTMe exploring NFT culture (CT)

  • $720 million in cash and $1B in total assets has been located by FTX new management team (WGURU)

  • 2022 powers past 2021 with $37B total capital invested in blockchain, even with sharp decline in activity since Q2 (CT)

  • Infinite Reality, a B2E metaverse company, plans to go public via Special Purpose Acquisition Company (SPAC) Newburry Street Acq. Corp., valued at $1.85B (VB)

  • Aztec Network raises $100 million Series B from a16z, AVG, and more to hire engineers for blockchain expansion

  • Polychain Capital leads $7 million seed round for Foundation - making decentralized applications and bitcoin more accessible to everyone (BW)

  • Axelar, Dragonfly, and more partner to create $60 million Web3 accelerator fund for startups (BW)

  • DEX Sushi requires immediate action to bolster revenue (TD)

  • The trust issues revolving around crypto as a whole due to FTX is a cry for regulatory processes (MP)

  • Coinbase CEO Brian Armstrong voices his opinion on potential regulatory needs for crypto (BZ)

  • 2023 will be the year Congress and other regulators will decide on crypto's fate (CT)

  • Nigeria to recognize crypto as investment capital (CD)

  • Lawmaker wants senator Yellen to delay Tax Provision on crypto (CD)

  • Binance joins US lobby group's executive committee (TB)

  • The adoption of crypto is slowing rapidly as customers losing thousands of dollars - as such in FTX - are planning to stick to a safe and simpler option: stocks (BIM)

  • How the crypto community must prevent exploits and hacks in 2023 (CD)

  • Microsoft increases restrictions on crypto mining for security reasons (BONMI)

  • Custody tech company Fireblocks receives the first Cryptocurrency Security Standard (CCSS) certification (CD)

  • Fireblocks receives first of its kind security certificate (CD)

  • Bitvavo says it aims to recoup $280M euros from DCG (Reuters)

  • Two dormant wallets belonging to ETH Whales awaken and transfer $27 million (~ 23k ETH) to new unknown wallets (NBTC)

  • Visa reveals plans for auto-payments from self-custody wallets (Decrypt)

  • Ren Protocol still has $15 million in value even with its death visible in the coming weeks (BLOCK)

  • Visa teases Ethereum collab to actively contribute to crypto development (Decrypt)

  • SBF sent back to Bahamas jail on Monday, and appears in court late this week (CNBC)

  • Media companies attempt to persuade FTX bankruptcy judge in forcing the company to release customer names (REUT)

  • Bitcoin Mining company Core has officially filed for Chapter 11 Bankruptcy (CNBC)

  • SEC Chairman Gary Gensler warned about centralized exchanges, but never had concerns with his friend Sam Bankman-Fried (WSJ)

  • Visa's plan to utilize blockchain and web3 technologies (@StarkWareLtd)

  • As pertaining to the Binance.US and Voyager deal, understand the reasons and learn how to buy assets from a distressed company (BS)

  • What exactly are "ETH Whales" and who are the known whales in the Ethereum community? (GFES)

  • Coinbase (~ $8.06B) currently has a lower market cap than DOGE (~ $9.9B) (@coinbureau)

  • A review of the top crypto and web3 headlines in 2022 (ABCN)

  • How crypto credit cards and self custody mix (Decrypt)

Crypto Investing "Wrapped"

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