Tesla sold 75% of its Bitcoin holdings. Zipmex suspends withdrawals. UK to explore blockchain-based government bond.
EBC22 | The Metaverse: A $1 Trillion Revenue Opportunity
European Blockchain Convention 2022 hosted the panel “The Metaverse: A $1 Trillion Revenue Opportunity”.
Is the Metaverse a 1 trillion opportunity? Stay until the end to learn the answer.
Speakers: Lex Sokolin, ConsenSys | Coty de Monteverde, Banco Santander | Laurent Perello, Tron DAO
Recap of the Week
US authorities arrest former Coinbase manager for insider trading
Tesla sold 75% of its Bitcoin holdings in Q2 2022
Crypto.com receives regulatory approval from Cyprus SEC
BNP Paribas partners with METACO and Fireblocks to develop digital assets custody capabilities
Several blockchain-based metaverse and Web3 platforms launch the Open Metaverse Alliance for Web3 (OMA3) to overcome interoperability challenges
Mercedes Benz launches a blockchain-based data sharing platform
UK to explore blockchain-based government bond
Crypto lender Genesis lent $2.4 billion to Three Arrows Capital
Ethereum scaling solution zkSync announces mainnet launch in 100 days
Blockchain.com slashes 25% of workforce
Thailand-based crypto exchange Zipmex suspends withdrawals
Buying crypto with credit card is banned in Taiwan
During EBC22, CEO and Founder of Hodl Maurice Mureau spoke about cryptocurrency and its rise in the traditional multi-asset portfolio. If you missed the session, you can find the highlights in this article.
Hodl has optimized a traditional investment strategy to fit the cryptocurrency market. Its bottom-up approach combined with algorithmic trading bots and DeFi services offer investors a unique kind of exposure to the cryptocurrency market.
Find out more about Hodl and its funds on our new website.
Latest Funding Rounds in Crypto
Fitchin raises $3.5M in Seed Round · Founded in 2021 · British Virgin Islands
Fitchin is a fully integrated gaming ecosystem that connects e-sports teams, content creators and fans.
Its vision is to change the esports ecosystem by providing teams with all the tools to generate new revenue streams through Web3.
The firm will utilize the funds to accelerate its e-sports community hubs, tournaments platform and its NFT marketplace.
In Q4 2022, the platform will prepare for its CEX listing
KuCoin raises $10M at a valuation of $10B· Founded in 2017 · Seychelles
KuCoin is a crypto exchange offering digital assets and providing crypto services to its users.
KuCoin will use the funds to upgrade its platform's infrastructure, enrich its product lineup as well as global expansion and hiring plans. The firm has more than 300 job openings at the moment.
The round follows KuCoin's $150 million round led by Jump Crypto in May at a valuation of $10bn.
Round led by Susquehanna International Group.
Hashflow raises $25M at a valuation of $400M · Founded in 2021 · US
Hashflow is a decentralized exchange platform that offers interoperability, low fees and no slippage.
Its request-for-quote (RFQ) pricing model differs from most DeFi platforms, which use automated market makers (AMM). As example, Uniswap uses AMM.
The firm will expand operations, the team and launch structured products.
Round led by Jump Crypto, Dragonfly Capital, Coinbase, Kraken and many others.
Meow Technologies raises $22M in Series A · Founded in 2021 · US
Meow is a cash-based, compliant bridge to crypto market yields for corporate treasuries.
In 6 months, Meow grew corporate assets under management to nearly $100 million due to rapid adoption of the cash-in-cash-out, short-term high-yield investing opportunities in the crypto space.
"Nobody believed us when we said corporations would want to participate in crypto markets," said Brandon Arvanaghi, CEO of Meow.
The funds will be used for new hires and enhanced product features.
Round led by Tiger Global Management with participation from QED and FTX.
Brixie Group raises $500K in Seed Round · Founded in 2021 · Singapore
Brixie offers blockchain-based investment solutions to real estate investors and crypto enthusiasts.
The Brixie platform allows users to tokenize real estate assets from countries worldwide. Brixie users can then trade these tokens within the platform.
Its first assets under management are located in Cambodia, Africa, Malaysia, Indonesia, UK, Czech Republic, Colombia, Brazil, Australia and Spain.
CLST raises an undisclosed amount · Founded in 2021 · Switzerland
CLST is building a global network of lenders and borrowers to become the institutional gateway for collateralized and uncollateralized lending
Round led by Coinbase, Kraken Ventures, GSR, TX Ventures & others.
Acquisitions
Blockdaemon acquires Sepior
Terms were undisclosed
Blockdaemon is a US-based blockchain deployment facilitator that manages nodes and payment rails for blockchain networks.
Sepior is a Denmark-based digital asset wallet & custody infrastructure.
The acquisition with Sepior will assist Blockdaemon in supporting its staking offering.
Meme of the Week
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