Top Web3 Headlines from This Week 10.14.2022
Here are the top web3 stories from this week.
Partnerships
Google Making Moves in Web3
🤝 Google announced a partnership with Coinbase to accept Crypto payments for their cloud services. The search giant also added the ability for users to Google details on Ethereum wallet addresses. FTX linked up with Visa for a debit card linked to your Crypto holdings. One failed web3 move this week to cover was CNN pulling the plug on their NFT Vault program.
Capital Raised
Money Continues to Flow into Web3
💰 Web3 decentralized social protocol DeSo pocketed $200MM in funding this week. Blockchain data startup nxyz added $40MM in new capital. Rye closed a $14MM raise for ecommerce tools. Restaurant onchain loyalty program Blackbird raised $11MM to fund their expansion.
Hacks and Legal Action
Two More Big Crypto Losses
⚖️ The Binance BNB chain was the victim of a massive $570MM hack, one of the largest in industry history. Hackers also got over $100MM from the Mango DeFi platform. A terrible week indeed. Crypto markets were also unsettled by a Bloomberg report that the SEC is investigating market leader Yuga Labs for possible securities law violations. The U.S. Treasury fined Bittrex $29MM for errors under the Bank Secrecy Act.
Content
FTX CEO on Regulation and More
🎙️ FTX leader Sam Bankman-Fried was on the Unchained podcast recently. He shared his views on crypto regulation, macroeconomics, and the role of FTX in a decentralized industry.
Atlanta Event
Georgia Tech Blockchain Club
🗓️ If you are here in Atlanta, please check out the Web3 ATL event on November 4–6th. This event is organized by the Georgia Tech Blockchain Club and takes place near their campus. The event will feature great panels from industry leaders. I’ll be hosting a conversation with three founders about entrepreneurship in web3.
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