No Silver Lining From Silvergate

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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For those of you who attended ETHDenver 2023, we hope you are recouping and not too hungover. No matter where you are or your involvement in the ecosystem, we appreciate your support and are always ecstatic to bring you the most up-to-date news in one easy scroll. Make sure you share this newsletter with your friends and follow us on Twitter (@thecryptoscroll) for more updates and interactive engagement 🤝🏼

• Crypto firms are cutting ties with Silvergate Capital (PYMNTS)

• Tether allegedly used fake accounts and shell companies for bank accounts (WSJ)

• Coinbase purchases One River Digital in move to asset management business (TB)

• Ripple CEO says the crypto industry is already leaving the U.S. (CT)

• Check out last week's web3 & blockchain funding overview from our new weekly thread (@thecryptoscroll)

• Celebrity Gwyneth Paltrow's new $75M venture fund set to include web3 investments (AX)

• 'Bankless' Podcast hosts team up to begin investing from $35M web3 fund (NFTG)

• Avalon raises $13 million from Coinbase Ventures and others for interoperable metaverse (VB)

• Few and Far raises $10.5 million for web3 artwork creator platform (TFN)

• DigiFit gets $10.5M to build regulated DeFisolutions (DIGIFIT)

• Factor receives $7.5M to build DeFi infrastructure for asset managers, protocols and investors (FACTOR)

• Insrt got $2.2M for a protocol that lets any investor own a fraction of a blue chip NFT (INSRT)

• Neoswap got $2M to set up online parties for people to sell NFTs live (NEOSWAP)

• DeFi startups top CeFi startup investments in 2022 (BW)

• SEC chari Gary Gensler says crypto exchanges may not be 'qualified custodians' (CD)

• US lawmakers question crypto custody accounting rule (LENDERINSIGHTS)

• Senators Warren, Hallen, and Marshall send letter to Binance (SENATE)

• SEC commisioner calls Binance an "unregulated securities exchange" (CD)

• Australian Treasury Department releases internal documents regarding digital asset regulation roadmap (CT)

• Notorious crypto scammer says they are shutting down (CD)

• $21M has been stolen from DeFi platforms in 2023; $20M of of those losses occurring in February (TCR)

• Largest exploits in DeFi should never reoccur with these security tips (CPOL)

• Forta, a decentralized threat detection network, introduces 'delegated staking' (DFNT)

• Bitcoin technology firm executives indicted for profiting off of scams from operating unlicensed crypto kiosks (CT)

• Binance launches anti-scam campaign for its platform (CT)

• ETH devs push staking to April (DT)

• Near protocol releases blockchain operating system for web3 (CT)

• Uniswap Labs releases self custody wallet (TD)

• ETHDenver's Hackathon projects presented solutions for DeFi, Infrastructure, DAOs + Community, Impact & Public Goods, and Metalance (@EthereumDenver)

• Ethereum Singapore estimates to bring 2,000+ developers together for ecosystem building (YF)

• Marathon Digital sold almost all mined BTC in February (CD)

• Yuga Labs reveals first BTC NFT project (DT)

• Circle partners with Trust Bank to hold USDC reserves (CIRCLE)

• Robinhood wallet is officially out for iOS devices (@JohannKerbrat)

• Calimero.network launches 'Web 2.5' infrastructure on NEAR Protocol (BR)

• What is likely to happen to Silvergate Capital in the near future (YF)

• How and why assets move between binance wallets (BINANCE)

• 'Safe's' new wallet safety tools are trying to make crypto & web3 adoption easier and... well 'safer' (DT)

• DAO utilization for building a community in web3 (CD)

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