BlockByBlock | $90 Million Raised Despite FTX Blow Up
blockbyblockgcc.substack.com
Good morning subscribers,It was a sad week for crypto following the collapse of FTX, an event riddled with confusion and cataclysmic headlines.We attempt to "iron out the wrinkles" of the FTX bankruptcy story and provide a "simplified" version of the events below. Notably, despite the overall pessimism in the crypto market, the GCC region seems to be immune. This week, investors and entrepreneurs continued to elevate the local blockchain space. Scroll down to hear all about it. In Today’s Edition:🚀 MENA Startups raise $646 million in October 2022, a 331 per cent year-on-year (YoY) growth against $150 million raised in October 2021. 📉 CoinMENA, a fast-growing MENA-based crypto exchange, partners with Carlton Real Estate to enable property purchases with crypto assets.💰 Ramp Network, an accelerator of Web3 solutions, raises $70 million in a Series B funding round led by UAE's Mubadala Capital.😲 A CoinDesk article leads to a quick series of events that ultimately bankrupts crypto's third largest exchange - what can we learn from the FTX scandal?
BlockByBlock | $90 Million Raised Despite FTX Blow Up
BlockByBlock | $90 Million Raised Despite FTX…
BlockByBlock | $90 Million Raised Despite FTX Blow Up
Good morning subscribers,It was a sad week for crypto following the collapse of FTX, an event riddled with confusion and cataclysmic headlines.We attempt to "iron out the wrinkles" of the FTX bankruptcy story and provide a "simplified" version of the events below. Notably, despite the overall pessimism in the crypto market, the GCC region seems to be immune. This week, investors and entrepreneurs continued to elevate the local blockchain space. Scroll down to hear all about it. In Today’s Edition:🚀 MENA Startups raise $646 million in October 2022, a 331 per cent year-on-year (YoY) growth against $150 million raised in October 2021. 📉 CoinMENA, a fast-growing MENA-based crypto exchange, partners with Carlton Real Estate to enable property purchases with crypto assets.💰 Ramp Network, an accelerator of Web3 solutions, raises $70 million in a Series B funding round led by UAE's Mubadala Capital.😲 A CoinDesk article leads to a quick series of events that ultimately bankrupts crypto's third largest exchange - what can we learn from the FTX scandal?