Silicon Valley Bank, Silvergate Bank & Signature Bank collapse. Meta pulls the plug on NFTs
With 2,500+ attendees, 300 partners and 200+ speakers, European Blockchain Convention 2023 truly brought the global crypto community together in Barcelona last month.
Missed out on the action? Have a look at some of the best pictures and the official aftermovie.
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Recap of the Week
Collapse of 3 of the largest banks backing the crypto scene - Silicon Valley Bank, Silvergate Bank & Signature Bank
MakerDAO passes proposal to increase its portfolio holdings of US Treasury bonds by 150%
Meta pulls the plug on NFTs on Instagram and Facebook
Swiss National Bank says it will support Credit Suisse
Circle has been “able to access” its $3.3bn held with Silicon Valley Bank
Swiss Bankers Association proposes deposit tokens
Anchorage Digital reduces its workforce by 20%
Blockchain.com shuts down its asset management division
US lawmaker suggests Signature’s collapse was tied to instability of crypto
NatWest bank puts $6K monthly limit on crypto exchange payments
European Parliament votes to form final law on EU digital wallet
National Australia Bank makes first-ever cross-border stablecoin transaction
Euro Parliament approves Data Act on smart contracts
The Arbitrum Foundation will drop a new token and form a DAO
Latest Funding Rounds in Crypto
Proven raises $15.8M in Seed Round · Founded in 2022 · US
Proven uses zero-knowledge proos to reveal an institution’s assets and liabilities without revealing the personal data of customers.
The funds will be used to produce a proof-of-solvency protocol for centralized exchanges, stablecoin issuers and asset managers in the crypto space.
Round led by Framework Ventures.
Cnhc raises $10M in Seed Round · Founded in 2021 · Singapore
Cnhc is dedicated to developing a financial infrastructure that connects traditional finance to the blockchain world.
Round led by KuCoin Ventures.
This investment is part of KuCoin Ventures' broader strategy of investing in the Web3 infrastructure in the APAC region
Blockchain Founders Group raises €800K · Founded in 2021 · Germany
Blockchain Founders Group is a company builder and early-stage venture capital investor.
The money raised will be used to fund its next cohort of the web3-focused incubation program, BFG Superstars.
The program is expected to incubate and fund nearly 10 startups in the next batch, offering them the resources and mentorship they need to succeed in the rapidly-evolving web3 ecosystem.
Meme of the Week
