💳Visa Crypto Development Program - TWJ #104
Visa knows not to repeat the mistakes of companies that underestimated the internet.
In today’s issue:
The crypto market is flat with the total market cap sitting at ~$1.7 trillion. THORChain (RUNE) is the best performer in the past 24-h amongst the top 100 assets by market cap. China’s market experienced sell-off as investors are wary of possible sanction-ties to the Russian war.
In other news, Visa launches crypto development program for college students, EU decides not to ban Proof-of-Work, and FTX wins its virtual-asset license in Dubai.
We’re continually improving our content, please reach out if you have ideas or would like us to recap another segment of the market.
- Curated by Marco Manoppo (@manoppomarco)
📰Market News
⎆Visa’s Crypto Development Program for College Students
Visa is doing everything correctly in order not to repeat the mistakes that old school companies such as Blockbusters, bookstores, and traditional media made by underestimating new technology (read: the internet). Visa is going full steam ahead at studying and embracing crypto, by launching its development program for college students to build out its internal crypto talent.
⎆EU Decides Not to Ban Proof-Of-Work
The EU parliament’s Economic and Monetary Affairs Committee voted 31-4 in favor of the new draft for the Markets in Crypto Assets (MiCA) framework. Crypto market participants were previously concerned with the potential ban of Proof-of-Work on the new draft (citing ESG concerns), but the bill has now passed without a contentious provision seeking to limit the use of proof-of-work crypto.
⎆FTX Wins Virtual-Asset License in Dubai
One of the world’s largest crypto exchanges, FTX, has received its virtual-asset license in Dubai and is now gearing up towards its goal to set up a regional HF in the city. The firm’s EU & Middle East division, FTX Europe, will offer “complex crypto-derivatives products with centralized counterparty clearing to institutional markets,”. This announcement came around the same time that Binance, arguably FTX’s biggest competitor, secured the same license in Dubai.
👨🏻💻Decentralized Finance (DeFi)
Kintsugi KINT Bootstrap is now Live on Karura
Timeswap Mainnet Launch Coming Soon to Polygon
LUNA Price Bet within 1 Year Between Do Kwon, Sensei Algod, and GCR
Coinjoin BTC Mixing Tool to Block Illicit Transactions
Invictus DAO Ends
TIME Wonderland Ends
🏛Governance - Active Proposals
Babylon Finance - BIP-14: 🌊 Increase BABL Liquidity
Compound - Lower Proposal Threshold to 25K COMP
PoolTogether - PTIP-62: Grants Committee Funding (Q4)
🦮NFT & Metaverse
Pixar NFT Drop Sells Out
Mila Kunis’ Studio Launches Solana NFT Animated Series
Ex Disney CEO Bob Iger Joins Board for Metaverse Firm Genies
Event Recap Austin’s SXSW 2022: NFTS Everywhere
Top Sales (Last 24-h); Source: https://dappradar.com/nft
📈Deal Flow & Capital Raise
Swell - $3.75M Unknown Round
Zecrey Protocol - $4M Unknown Round
Metaverse Game Studio - $10M Unknown Round
Angelic - $10M Unknown Round
Undead Blocks - $1.7M Seed Round
Mirror World - $4M Seed Round
Magic Eden - $27M Series A
Gauntlet - $23.8M Series B
⚖️Regulatory Update
EU's Sweeping Crypto Regulations Package One Step Closer to Ratification
Proposal Limiting Proof-of-Work Is Rejected in EU Parliament
UK's Law Enforcement Agency Calls for Regulation of Crypto Mixing Tech
Ukraine Partners With FTX, Everstake to Launch New Crypto Donation Site
Binance Signs MoU to Acquire Brazilian Securities Brokerage
Binance Granted a Crypto Asset Service Provider From Bahrain’s Central Bank
Kazakhstan Crackdown Forces 106 More Crypto Mines to Close
📚Noteworthy Reads
Theo Delarosa’s Thread on Weekend Epilogue
Mgnr’s Thread on AMM Design
DappRadar’s Read on Russia’s War and Crypto
Feel free to reach out to manoppomarco@gmail.com — feedbacks and constructive criticisms are much appreciated.