NFT Infrastructure Company Gomu Closes $5M Seed Round
The fundraise included participation from Coinbase Ventures, DeFiance Capital and Saison Capital, among others.
Crypto
Kazakhstan Legislature Pushes New Crypto Rules Forward: Report
The lower house of the country’s parliament has passed five bills relating to digital assets on the first reading as the government tightens its grip on crypto mining.
Arbitrum Builder Offchain Labs Acquires Prysmatic Labs, a Core Team Behind Ethereum’s Merge
By acquiring the team behind Prysm, Ethereum’s most popular consensus layer client, Arbitrum is stretching its later 2 tentacles down to Ethereum’s base layer.
Blockchain.com Wins Singapore License
Blockchain.com has received approval to offer payments services from Singapore’s central bank, it announced according to a report. The development makes Blockchain.com the second crypto exchange after Coinbase to announce it had won a licence in Singapore in two days.
Paradigm Leads $40M Series A for Blockchain Data Startup nxyz
The data infrastructure firm was spun out of private web browser Neeva.
Robo-Adviser Betterment Launches Cryptocurrency Offering
The company also suggests its customers to limit their crypto exposure to not more than 5% of their investable assets.
First Mover Americas: Bitcoin Due for Big Move, Solana’s TVL Tanks After Mango Exploit
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 12, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
‘High Risk’ Crypto Activity Surges in Eastern Europe Amid Russia-Ukraine War: Chainalysis
Crypto activity determined as “high risk” and “illicit” has surged in Eastern Europe since the start of the Russia-Ukraine war, according to a report by blockchain analytics firm Chainalysis.
Blockchain Development Platform Tatum Raises $41.5M From Octopus, Circle, Others
Blockchain development platform Tatum has raised $41.5 million in funding from Octopus Ventures, Circle, Leadblock Fund and founders of crypto exchange Bitpanda, among others.
Zerion Raises $12.3M to Facilitate Interoperable Web3 Identity
Originally a DeFi platform that released a Web3 wallet in May, Zerion aims to make Web3 data and identity transition seamlessly across applications.
GameFi would become the onboarding point for Metaverse: Animoca Brands CEO
Siu noted that the Metaverse won’t be a single or central entity but a combination of several metaverses.
Crypto Miner Core Scientific Will Defend its Interests in Celsius Bankruptcy
Crypto hosting and mining company Core Scientific (CORZ) has issued fired back at Celsius Mining over allegations it is violating the beleaguered firm’s bankruptcy filing.
Morgan Stanley Says Crypto Ecosystem is Becoming Less Decentralized
The Ethereum blockchain has become more centralized following the shift to proof-of-stake as 60% of validators are managed by only four companies, the report said.
Ethereum’s Second- Layer Projects Duke It Out for Dominance
Ethereum’s layer 2 platforms have been slow to gain traction, but the rollup race is heating up with the emergence of new players and key upgrades. Valid Points is CoinDesk’s weekly newsletter that breaks down Ethereum’s evolution and its impact on crypto markets.
Bitcoin Technical Indicator Signals Big Moves With Some Traders Getting Ready to ‘Sell Volatility’
Options look pricer, one expert said, saying now is the time to sell volatility.
US Acting Comptroller urges not to rush with the crypto regulation
Michael J. Hsu called for tighter interagency efforts and highlighted the three most dangerous areas of the new industry.
How Market Manipulation Led to a $100M Exploit on Solana DeFi Exchange Mango
A rogue crypto trader utilized millions of dollars to manipulate the prices of Mango’s MNGO tokens on the namesake decentralized exchange (DEX).
Valkyrie Funds to liquidate Bitcoin-related ETF by late October
Despite delisting VBB, Valkyrie still continues to manage the Bitcoin Strategy ETF and its Bitcoin futures ETF and the Valkyrie Bitcoin Miners ETF.
Tron Partners With Dominica Govt. to Issue National ‘Fan Token’
The Caribbean island’s government may now accept native Tron tokens such as TRX and USDT for public payments including taxes under a new ordinance.
Middle East gets physical Bitcoin ETP listed on Nasdaq Dubai
The Middle East, one of the world’s fastest-growing crypto markets, now offers a new opportunity for direct investment in Bitcoin through the 21Shares Bitcoin ETP.
Tap-to-pay Bitcoin Lightning Bolt cards strike El Salvador
CoinCorner, a Bitcoin Lightning-based card payment service provider, is looking to install NFC card readers across El Salvador to offer a seamless retail BTC experience.
Microsoft and Meta partnership brings Office 365 apps to the Metaverse
A suite of Microsoft products will feature in Meta’s new Virtual Reality headset, with Meta CEO Mark Zuckerberg calling it the “virtual office of the future.”
Crypto Investment Product Firm 21Shares Launches Bitcoin ETP in Middle East
21Shares’ physical bitcoin exchange-traded product will list on the Nasdaq Dubai.
SWIFT action: JPMorgan and Visa team on cross-border blockchain payments
Visa is set to integrate its B2B connect network with JPMorgan’s suit of blockchain based cross-border payment products.
Grayscale fires first salvo in case against SEC over Bitcoin ETF refusal
The SEC must submit its brief by Nov. 9. After that, Grayscale will then submit a reply brief on Nov. 30 before both parties submit a final brief on Dec. 21.
Damien Hirst livestreams the burning of $10M in art for NFT project
“The Currency” is the name given to Hirst’s NFT project which examines the value of digital art versus physical art.
Ripple boss tips when SEC case will end as Hoskinson hits back at XRP army
Optimistically speaking, Brad Garlinghouse thinks the case will be concluded in 3-4 months, though it could take longer.
Nifty News: OpenSea adds Avalanche, Meta has legs, DeGods takes 0%, and more…
Solana NFT project DeGods has removed royalty fees and Zuckerberg says Meta is looking at an open Metaverse as a new VR headset rolls out.
Mango Markets Hacker Provides Ultimatum: ‘Repay Bad Debt’
Hacker proposes to send back stolen MSOL, SOL, and MNGO if Mango Finance promises to pay back bad debt using USDC available in its treasury.
Decentralized ID the key to mainstream DeFi adoption—Quadrata co-founder
Decentralized identities would open Web3 to a range of services requiring personal information and allow platforms to offer tailored products, according to the CEO of Quadrata.