A curated selection of headlines and news from around this multiverse – including deals, developments and other disruptions in DeFi.
The US Treasury Department published new regulations taking effect March 1 that bar crypto exchanges from facilitating transactions for individuals and entities newly added to its Russian sanctions list. Read More >>
In related news, a letter sent by four US senators to US Treasury Secretary Yellen sought information about the Treasury Department’s monitoring and enforcing of sanctions compliance by the cryptocurrency industry and the use of digital assets and alternative payment platforms as a method of hiding cross-border transactions for “nefarious purposes.” Read More >>
Are cryptocurrencies sanction-proof? In the view of one crypto company CEO, there may be greater traceability of crypto and blockchain transactions than one might initially expect. Watch More >>
Commentators have noted that the current geopolitical climate will likely create a renewed push for investment in decentralized ways to store and transfer capital. In particular, entrepreneurs working to build decentralized, permissonless systems will likely see increased attention on – and investments in – these types of projects. Read More >>
Venture capital firm Electric Capital’s new $1 billion fund – focused on investments in web3 infrastructure, DeFi protocols and platforms powered by NFTs and DAOs – joins several recent multibillion-dollar funds focused on these areas that have launched in recent months. Read More >>
Always wanted to own an NFL team but never had quite enough cash to do it? Now you – and thousands (or more) of your closest friends – may have the chance with BuyTheBroncos DAO. Formed by a former Cisco employee, BuyTheBroncos DAO was recently launched to raise money to purchase the Denver Broncos for roughly $4 billion. Read More >>