Terraform Labs Finds A Way To Maintain Terra Station Support For Terra Classic
Terraform Labs staff Jared has disclosed that TFL has now found a way to continue support for the Terra Station wallet, according to a tweet from the TFL staff yesterday. According to Jared, TFL can now support Terra Station and the Interchain Station. “… we figured it out this morning,” Jared tweeted in response to calls about whether or not both wallets can co-exist. “can support legacy version, and interchain version now.” (thecryptobasic)
Blockstream Raising Funds for Mining at 70% Lower Company Valuation
The depths of a bear market may not be the best time to raise funds but that is exactly what Blockstream is doing. The crypto infrastructure firm is seeking fresh funding, but at a much lower valuation than previous rounds, according to a Dec. 7 Bloomberg report. Blockstream was valued at $3.2 billion when it held its last Series B funding round raising $210 million in August 2021. Today that valuation may have fallen almost 70% to below $1 billion according to the report. (Cointelegraph)
Iran Set to Freeze Bank Accounts of Women who Refuse to Wear a Hijab
A member of the Iranian parliament has told local media the government plans to impose new punishments on women who do not wear a hijab in public, with individuals who refuse to comply after two warnings possibly having their bank accounts frozen. Hossein Jalali, a member of the Cultural Commission of the Islamic Consultative Assembly, told Iranian media on Dec. 6 that “unveiled persons” would be sent an SMS urging them to respect the law and wear a hijab before entering a “warning phase” and finally having their bank account potentially frozen. (Cointelegraph)
Report: FTX Co-Founder SBF Retains White-Collar Lawyer Who Represented Ghislaine Maxwell
On Dec. 6, 2022, the former FTX CEO Sam Bankman-Fried (SBF) reportedly retained the attorney Mark Cohen, the lawyer that represented Ghislaine Maxwell during her recent sex trafficking case. SBF’s spokesperson further explained that the FTX co-founder is being consulted by a professor at Stanford Law School, David Mills. (Bitcoin.com)
Nomura to Compete With Goldman Sachs in Crypto Space
Nomura launched its digital assets arm earlier this year in September 2022. Laser Digital has the backing of Nomura investment bank to attract institutional investors. Besides, Nomura’s crypto unit also plans to expand its team to 50 members by March. Laser Digital’s Chief Executive Officer Jez Mohideen said with the FTX shakeout, key crypto assets are available at low and attractive valuations. He also stated that the firm is careful with risk management. The latest statement from Nomura comes a day after banking giant Goldman Sachs expressed similar interest in the crypto space. In an interview with Bloomberg. (coingape)
Rep. Cawthorn Fined for Ethics Breach Over Let’s Go Brandon Token Promo
The outgoing United States House Representative Madison Cawthorn has been fined over $15,000 by the House Committee on Ethics for his promotion of a cryptocurrency in which he had an undisclosed investment. A report released by the Committee on Dec. 6 after a seven-month-long investigation found Cawthorn “improperly promoted a cryptocurrency in which he had a financial interest” violating conflict of interest rules. (Cointelegraph)
Polygon To Bring Music NFTs In Partnership With Warner Music
Polygon has partnered with LGND Music and Warner Music to bring Music NFTs to the market. The first music NFTs will come in Jan 2023. By collaborating with some of the world’s leading organizations, Polygon has become a leading on-ramp to Web3. With this latest partnership, Polygon will introduce Music NFTs to the market in an open, sustainable, and permissionless environment. (coingape)
Gitcoin Announces its Protocol Alpha Tests
Gitcoin grants built a strong use case for the value of Quadratic Funding to fund public goods, and we're excited to take this centralized experiment and decentralize it to help scale faster. It’s finally time for cGrants (centralized grants, the current QF platform) to be retired and continue toward our end goal as GitcoinDAO: create a decentralized and customizable grants protocol.
Winamp Player Now Allows You to Play Your Music NFTs
Winamp is releasing its latest Windows desktop version, 5.9.1. This new version reduces Winamp’s memory footprint and upgrades security among many other improvements, but it also includes a new way to listen to the latest music format. Listening has just gotten a major web3 upgrade, thanks to these improvements. With more and more groundbreaking artists offering their work in NFT format, Winamp will make playing these audio NFTs simple and seamless.
Crypto and AI-Focused Sequoia Partner Is Leaving the Firm
Sequoia Capital partner Divya Gupta is leaving the firm just weeks after the storied venture capital firm apologized to limited partners about its $214 million investment in the now-bankrupt crypto exchange FTX. Gupta worked on seed- and early-stage investments in cryptocurrency and artificial intelligence at Sequoia, and has worked at the firm for under a year. A Sequoia spokesperson said he had no involvement in making the FTX investments. (theinformation)
