The SEC probes Coinbase. Lawsuit against Meta for monopolization of metaverse. Solana to open retail store.
Recap of the Week
The SEC probes Coinbase for issuing unregistered securities
The US Federal Trade Commission files a lawsuit against Meta over attempted monopolization of metaverse
PepsiCo partners with blockchain firm Security Matters for plastic recycling
Automobile manufacturer Kia launches NFT collection
The US is probing Kraken for allegedly operating in Iran despite sanctions
Bored Ape Yacht Club creator Yuga Labs faces potential lawsuit over celebrity endorsements to inflate its NFTs
Voyager rejects FTX buyout offer calling it a 'low-ball bid'
GameFi industry to see $2.8 billion valuation in 6 years, according to report
Cathie Wood’s investment firm Ark (3rd largest shareholder of Coinbase) dumps a large number of Coinbase share
Solana set to open retail store and Web3 'Embassy' in New York
Law Commission for England and Wales proposes reforms for digital assets
South Korean regulators are investigating two of the country’s biggest commercial banks for possible money laundering linked to crypto investments worth $3.1bn
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Latest Funding Rounds in Crypto
Coinzix raises $300K in Seed Round · Founded in 2021 · Romania
Coinzix is a crypto exchange that operates primarily within Europe.
The funds will be used for new features and projects, such as Coinzix’s own cryptocurrency, a launchpad, a debit card, and the expansion of its crypto ATM network.
Coinzix is processing transactions over $10 million in total and offers more than 60 crypto assets for trading.
Round led by Legion Ventures.
Unstoppable Domains raises $65M and becomes unicorn · Founded in 2018 · US
Unstoppable Domains is a blockchain naming system provider and identity platform.
The company offers NFT domains that give people control of their digital identity. Its usernames can be used to log into more than 150 Web3 applications, shorten wallet addresses and build a decentralized Web3 identity.
The startup has registered over 2.5 million domains and has generated more than $80 million in sales since its launch.
The funds will fuel product innovation and partnerships in the Web3 space.
Round led by Pantera Capital.
Artfi raises $3.3M · Founded in 2021 · Dubai
Artfi is on a mission to democratize the fine art space by fractionizing high-value artworks into limited NFTs.
After the round, the startup has a valuation of $100 million
The firm will expand its team and build an NFT marketplace for fine arts.
Round led by Sheikh Hend Al Qassemi, (a member of the ruling family of Sharjah) & Raza Beig.
Coinfeeds raises $2M in Seed Round · Founded in 2021 · US
Coinfeeds is an API that provides real-time news and social sentiment on any cryptocurrency. Coinfeeds give users the ability to monitor the social media mentions and activity of web3 and NFT projects. Coinfeeds aims to be Bloomberg of crypto.
The startup joined Y Combinator in 2021.
Round led by FTX Ventures, Coinbase, Protocol Labs & Huobi Ventures.
EvaCodes raises $500K in Seed Round · Founded in 2019 · Ukraine
EvaCodes is a full-stack blockchain development agency focused on providing blockchain development services and building Web3 products.
The fund will assist in getting to the next level in operational processes, select an effective team, find the best tools for growth, and raise funding rounds.
Round led by Hypra.fund.
Fanzee Labs raises $2M in Seed Round · Founded in 2021 · US
Fanzee is a blockchain-based sports fan engagement platform.
The firm will use the funds to help football clubs offer gamified experiences to their fans, enabling them to foster a greater sense of community and reward their most loyal supporters.
Round led by TONcoin.fund, MEXC Pioneer, KuCoin Ventures, Huobi Incubator & more.
Bit2Me acquires Fluyez
Terms were undisclosed
Bit2Me is the leading blockchain services suite for crypto in Spain since 2014 and is the first company recognized by the Bank of Spain as a virtual currency service provider.
Fluyez, based in Peru, offers its users crypto custody and exchange services as well as other more innovative services such as loans, rewards, and crypto payments.
Bit2Me reinforces its commitment to the crypto ecosystem and the Latin American market with this acquisition.
Meme of the Week
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