DeFi

BlockFi

Blockfi officially filed for bankruptcy on Monday, following the collapse of FTX, its main financial backer, which earlier this year rescue the company with a revolving $250 million line of credit that later on morphed into a $400 million credit facility.

Kiln

Kiln a Paris-based startup enabling retail customers to easily partake into Ethereum PoS mechanism through its newly launched staking-as-a-service product recently raised $17.6M in a series A funding round led by Consensys, GSR and Kraken’s venture-capital arm in order to continue the development of its current platform.

WBTC

Following the spreading of a rumour claiming that Alameda Research was among the top wrapped Bitcoin merchants and custodiers, WBTC slightly depegged prompting Bitgo CEO to officially debunk the news on Twitter by exhibiting available on-chain data. Still, at the time of writing the peg still hasn’t been fully restored.

Web3

Bizi

BIZI LABS, the Swiss based mobile platform allowing people to easily access Web3, recently announced that it will integrate the Polygon network into its flagship Web3 partner smartphone brand, ZMBIZI making it the first smartphone combining built-in Web3 features, user rewards, and multi chain functionality.

Consensys

Consensys is currently facing community backlash following the use of a misleading wording concerning users data collection in its recent update of Metamask’s privacy policy which led users to start doubting the claim of fair data usage defended by Consensys and Infura regarding data collection in Infura supported applications.

Carv

Carv a Los-Angeles based start up developing a brand new decentralised identity solution for gaming applications enabling users to move freely between applications and games recently announced the closing of a $4M seed funding round led by Singaporean-based venture capital firm Veterex.

Ecosystem

US regulators

According to a recent report from Barron, several US state regulators are looking into whether crypto trading firm Genesis Global Capital may have violated securities laws with a specific focus on unregistered selling of crypto securities investment.

Japanese regulators

The Financial Services agency (FSA) more commonly known as the top japanese financial regulator recently issued a call for DeFi players to take part in a new “fact-finding survey” on the sector signalling for many a willingness of japanese authority to start regulating the sector some time next year.

Market

• BTC     $16,230.82

• ETH $1,171.9

• BNB $292,95

• ADA $0,30

• SOL. $13,42

Onomy

Despite the current turbulent market conditions, Onomy a Cosmos blockchain based ecosystem aiming to merge decentralised finance and the foreign exchange market to bring the latter on-chain recently an additional $10M funding from Bitfinex and AVa Labs.

Ardana

Ardana, a once-promising decentralized finance project built on top of Cardano, has halted development citing funding and project timeline uncertainty as the main reason for the closing of the project.