Blockchain Today Weekly Digest

08 Aug — 14 Aug

The week was really successful for Pinata project as it raised over $21 million from investors. More details on this and other topics in our digest.

1. NFT media management platform Pinata raises $21.5 million

Pinata, a platform for NFT-focused media distribution, has secured $21.5M in total from Pantera Capital, Greylock, and other investors.

Kyle Tut, co-founder and CEO of Pinata, reported that Pantera Capital, Greylock, and Offline Ventures led the $18M Series A and $3.5M seed rounds, with participation from Volt Capital, OpenSea, and Alchemy.

Read more on Blockchain Today

2. dYdX Blocked User Accounts Related to Tornado Cash

Crypto exchange dYdX announced blocking user accounts that interacted with transaction mixer Tornado Cash after the US Treasury imposed sanctions against the program.

Read more on Blockchain Today

3. DeFi platform Oasis will block sanctioned addresses

Sanctioned wallets will not be able to access the Oasis DeFi platform application at the front-end level.

As a result of the change in the Terms of Service, addresses marked as high risk will be prohibited by the platform from using Oasis.app to manage positions and withdraw funds.

Read more on Blockchain Today

This was the most important news for this week. Follow us for reading our weekly digests and always be updated!