FTX and Alameda file for bankruptcy. BlockFi and Genesis halt withdrawals. Nike unveils NFT platform. Solana falls 60% in a week.

Nov 18, 2022

FTX and Alameda file for bankruptcy

BlockFi halts withdrawals and may file for Chapter 11 bankruptcy

Nike unveils NFT platform

Genesis halts withdrawals

Abu Dhabi grants Binance financial services permission

Binance CEO CZ announced an industry recovery fund to help crypto projects avoid liquidity issues

Solana loses 60% of its market value in a week

Crypto stablecoin issuer Circle adds Apple Pay support

BlockFi reportedly mulling bankruptcy

Twitter faces a new wave of employee departures

Adidas launches NFT avatar wearables

Hyperledger launches new digital identity project

New York Federal Reserve announces 8 banks to test digital dollars

Crypto asset management firm Ikigai lost a "large majority" of its funds on FTX

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Thallo raises $2.5M in Seed Round · Founded in 2021 · UK

Thallo uses blockchain technology to revolutionize and democratize the way individuals and businesses buy, sell and trade carbon offsets.
The company intends to use the funds to accelerate ongoing development and marketing of its flagship carbon exchange.
Round led by Ripple.

ADDX raises $20M in Series B · Founded in 2017 · Singapore

ADDX is a digital securities platform for private market investments with a mission to democratize the private capital markets
The firm will use the capital to fund their global expansion by working with partners and obtaining new licences
Round led by KB Securities.

Matter Labs raises $200M in Series C · Founded in 2019 · Cayman Islands

Matter Labs is better known for its work on zkSync, an ethereum scaling solution that drastically reduces the cost of Ethereum transactions.
The funds will be used to accelerate the zkSync mission, fund third-party ecosystem projects built by other teams and grow the team.
Round led by Blockchain Capital and Dragonfly.

Ydentity Organization raises $1M in Series A · Founded in 2021 · Switzerland

Ydentity ID is the new passport format of the digital natives.
Ydentity was born to defend the right to have alternative forms of identity.
Ydentity NFT is an alternative identity document (Alt-ID) based on video emotion recognition and processing of the attributes of the person by AI.
Valuation at $4.5M.

Yuga Labs acquires WENEW - Terms were undisclosed

Yuga Labs is a blockchain technology company that develops NFTs and digital collectibles.
WENEW is the home of the 10KTF narrative-focused NFT collection.
This acquisition will push the boundaries of where the metaverse meets reality through creative storytelling and immersive experiences

European Blockchain Convention