French Bank BNP Paribas is reportedly partnering with crypto infrastructure firm Metaco to custody crypto.
The post BNP Paribas to partner with Metaco to explore crypto custody: CoinDesk appeared first on The Block.
Quick Take
- Milady Maker NFT is a collection of 10,000 generatively made cutesy Japanese-inspired avatars.
- The Milady community celebrates chaotic and even nonsensical online posting.
- But things got complicated when it was revealed that Milady’s founder was a genuine online bully.
In a Congressional hearing, Brad Sherman urged the SEC’s director of enforcement to file cases against crypto exchanges.
The post US Rep. Brad Sherman urges SEC to ‘go after’ crypto exchanges that had traded in XRP appeared first on The Block.
Quick Take
- The Block Research analyzed a total of 694 blockchain-related investment deals in Q2’22 to identify which crypto funds have been the most active
- Seven of the funds from the last analysis remained on the list with a16z, Big Brain Holdings and Dragonfly Capital relatively stepping up their activity
- Approximately 70% of the deals among the most active investors were concentrated in NFTs/Gaming and DeFi verticals
US lawmakers have more urgency to regulate crypto after recent chaos in the market, the co-author of a major crypto regulation bill said.
The post Crypto market crash gives regulation ‘more urgency,’ Sen. Gillibrand says appeared first on The Block.
If the deal gets approved, the Lido treasury will receive $29 million in the DAI stablecoin from investors.
The post Lido Finance proposal wants Lido DAO to sell 2% of all LDO tokens appeared first on The Block.
Issuer Valkyrie is raising for an upcoming venture capital fund focused on early stage middleware and “web 2.5” firms.
The post Valkyrie to launch venture capital fund appeared first on The Block.
DeFi services firm XLD Finance has raised $13 million in a pre-Series A funding round led by Dragonfly Capital and Infinity Ventures Crypto.
The post Company that helps gamers pay bills in Smooth Love Potion raises $13 million appeared first on The Block.
Quick Take
- Filed for Chapter 11 bankruptcy protection on July 13, 2022, in the Southern District of New York
- Engaged with investment bank Centerview Partners (CVP), law firm Kirkland & Ellis (K&E), restructuring consultants Alvarez & Marsal (A&M) and Stretto mid-June 2022
- July 7, 2022, KeyFi complaint in New York State Supreme Court against CNL and Celsius KeyFi LLC for breach of contract, negligent misrepresentation and fraud claims
- Celsius currently employs 670 employees with 1.7mm users across +100 countries and 300K daily active users with +$100 in balances on platform
Anthony Scaramucci’s investment firm Skybridge Capital halted withdrawals from a fund amid declines in stocks and cryptocurrencies.
The post Skybridge halts redemptions in fund with exposure to FTX, crypto: Bloomberg appeared first on The Block.
