Celsius used $534M worth of customer funds. Aave to launch overcollateralized stablecoin. Reddit is launching NFT avatars.
We are still recovering from European Blockchain Convention 2022, our most incredible edition to date.
EBC22 broke all records:
1.500 attendees
130 international speakers
200 media partners
500 1:1 meetings scheduled
As promised, we are uploading all EBC22 sessions on our Youtube channel. Have a look at the first videos uploaded.
Feel free to share the videos so that more people can enjoy them :)
CeFi meets DeFi
During the 2022 European Blockchain Convention, our Senior Vice President, Global Head of Sales, Michael Lau, spoke about why he’s bullish on the innovation trajectory of blockchain and crypto. He also shared how Bullish built upon crypto-native technology, combining a centralized order book with automated market making from the world of DeFi. The result?
A centralized exchange with a unique source of liquidity, independent price discovery, and the world’s deepest liquidity for BTC/USD—all within a regulated environment.
Curious to learn more? Contact us to request a product demo.
Recap of the Week
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Celsius used $534M worth of customer funds
Aave to launch overcollateralized stablecoin called GHO
SIX Digital Exchange partners with Fireblocks for crypto custody
Coca-Cola launches NFTs to celebrate Pride
Bank of England calls for crypto regulation to avoid systemic risks
Salary payments in USDT ruled illegal in China
Italy will provide $46 million in subsidies for blockchain projects
Russians banned from accessing BitMEX within European Union
Mastercard calls for digital asset regulatory clarity in the US
Tether's Bitcoin loan to Celsius has been liquidated without a loss
Binance obtains license to operate in Spain
Reddit is launching NFT avatars on the Polygon blockchain
Spanish crypto platform 2gether shut down unexpectedly
Justin Sun is ready to spend $5bn to acquire struggling crypto firms
El Salvador's Bitcoin wallet Chivo has processed $52M in remittances in 2022
Elon Musk terminates $44 billion Twitter deal
Latest Funding Rounds in Crypto
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Soba raises $13.5M in Seed Round · Founded in 2019 · Germany
Soba develops a multiplayer open-world platform to democratize game creation built on web3. Its mission is to inspire and enable more gamers to be their own creators.
The firm is building a platform where anyone can create games for any device using no-code tools.
Round led by Lightspeed Venture Partners & others.
Thalex raises €7.5M in Series A · Founded in 2020 · Gibraltar
Thalex is a crypto-native derivatives trading platform with a focus on trade options, perpetuals and futures.
The investment will enable the firm to enable trading of crypto derivatives at scale by removing friction, ensuring platform reliability and partnering with liquidity providers and major exchanges.
Round led by Bitfinex, Bitstamp, Flow Traders, IMC, QCP and Wintermute.
Curios raises $5M in Seed Round · Founded in 2020 · US
Curios is a Web3 platform that makes it easy for anyone to mint and sell NFTs. It is a SaaS that includes web tools, backend infrastructure and a REST API.
The company's mission is to push the boundaries of functionality in the NFT space, all with a focus on streamlining the user's experience and lowering the barriers to entry for the average customer.
Funds were raised via Republic, an equity funding platform
Silta Finance raises an undisclosed amount · Founded in 2021 · Switzerland
Silta Finance provides on-chain collateral that enables ESG-conscious infrastructure developers to access liquidity in DeFi.
The funds will be used to drive forward the aligned vision to combat climate change and build a sustainable future.
Round led by Cerulean Ventures.
Debt Financing Rounds in Crypto
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TeraWulf Adds $50M in Debt with existing lender Wilmington Trust · Founded in 2021 · US
TeraWulf is a bitcoin mining company that produces zero-carbon energy for crypto mining.
With this agreement, TeraWulf will complete building a data center infrastructure in NY and Pennsylvania.
Acquisitions
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CoinShares finalized the acquisition of Napoleon Group
Acquired for $15.8M
CoinShares is a UK-based digital asset management firm that provides financial products and services for professional investors.
Napoleon is a French fintech digital platform firm that provides access to algorithmic trading signals on crypto- assets.
The acquisition will allow CoinShares to offer AIFM-compliant products and services.