For: Wednesday, January 11, 2023

January 11, 2023

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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  • Coinbase $COIN lays off 20% of staff, totaling 2,000 since June 2022 (BW)

  • Hive earned 184 BTC worth of $USD from power curtailment in December (CD)

  • Binance hemorrhages $12B in under 2 months (Pymnts)

  • Gemini Founder Cameron Winklevoss writes note addressing Barry Silbert, Digital Currency Group CEO, calling for him to resign (CD)

  • Crypto.com delists the largest stablecoin, Tether, from Canadian markets (DT)

  • SEC is after FTX investors to uncover due diligence and legal procedures (REUT)

  • Voyager Digital receives initial court approval to sell assets valued at $1B to Binance.US, after seeking deal from FTX in 2022 (REUT)

  • Head of Research at Galaxy Digital believes 2023 will have more and better VC deals in Web3/blockchain startups (YF)

  • Q4 '22 venture investments in blockchain and web3 reach lowest levels in 2 years (BBG)

  • Lido becomes largest DeFi protocol (TD)

  • Easy Company raised $14.2M to build easy-to-use 'social' crypto wallet (TC)

  • Dubai now has over 500 crypto startups (BW)

  • NEAR Protocol startup Jumbo raises $3.5 million for DEX ecosystem (PRN)

  • General Catalyst backs C14 with $2.5 million for digital asset payments and transfers services (CFI)

  • Mastercard is going after emerging musicians with a web3accelerator (LI)

  • Beacons Web3 accelerator is ready for its 15 startups to present on demo day (CT)

  • Voyager Digital receives initial court approval to sell assets valued at $1B to Binance.US, after seeking deal from FTX in 2022 (REUT)

  • Federal Banking Regulators focus on tackling crypto-related risks in 2023 (MNDQ)

  • The SEC and DOJ are investigating DCG over its relationship with Genesis (BI)

  • SEC is after FTX investors to uncover due diligence and legal procedures (REUT)

  • Digital currencies in use and coming to market around the globe (REUT)

  • Hong Kong finance regulator calls for 'more solid footing' in crypto (CD)

  • The Decentralized Think Tank released a report on crypto industry security for exchanges (BW)

  • "The Godfather" malware is attacking banks, exchanges, and crypto wallets (CT)

  • Chiron Investigations Crypto Recovery Solutions, a crypto forensics firm, releases a new crypto recovery system (YF)

  • Ethereum Layer-2 applications Optimism & Arbitrum pass ETH transactions due to lower transaction costs (BW)

  • ETH devs prepare to allow staking withdrawals soon (TD)

  • ConsenSys, developer of MetaMask, cuts 100 staff amid market downturn (CD)

  • Shanghai Upgrade nearing creates bullish activity in Ethereum staking tokens (DT)

  • Bitcoin and Ethereum price predictions come in as US Federal Chair Jerome Powell speaks on current market conditions and outlook (CN)

  • Crypto layoffs amass 27,000+ jobs lost in last 9 months (CD)

  • Bitcoin Miner Core Scientific increases BTC production (TB)

  • Gemini shuts down crypto yield product, Gemini Earn, due to asset issues with DCG (CD)

  • Crypto payments provider Wyre limits withdrawals to 90% of funds for its clients (GE)

  • Former Goldman Sachs associates ready to debut crypto fund (BBG)

  • Wall Street is buying the Bitcoin dip as Group One trading firm secures $240 million worth of MicroStrategy options (BBG)

  • Twitter testing out 'coins' with Stripe (Decrypt)

  • Buy Bitcoin and other crypto utilizing Apple Pay (CO)

  • Due diligence processes and efforts are changing for venture capital investors in 2023 (CB)

  • 2023 may be the year for millions of new crypto investors (F)

  • A website was released for FTX victims to make a report on fraudulent activity they experience (Protos)

  • Crypto Billionaires are dying suspiciously causing concern in the community (CT)

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