Community News:

1. BlockFi has been approved to sell cryptocurrency mining equipment to repay creditors

A court document filed with the U.S. Bankruptcy Court for the District of New Jersey stated that BlockFi has been approved to sell its cryptocurrency mining equipment as part of repaying creditors on the grounds that it is "fair, reasonable and appropriate under the circumstances." (Cointelegraph)

Industry News:

1. Nic Carter's new crypto venture capital fund Breed VC completes $20 million fundraising

Breed VC, a new crypto venture capital fund launched by Castle Island Ventures founder Nic Carter, has completed the first fund raising of $20 million, with participation from Nic Carter and Matt Walsh's Castle Island Ventures, Tribe Capital and Shima Capital. (CoinDesk)

2. Blockchain security company Sec3 completes $10 million seed round of financing

Sec3, a blockchain security company that audits smart contracts and other services, has completed a $10 million seed round of financing, led by Multicoin Capital, with participation from Sanctor Capital, Essence VC, former ParaFi Capital partner Santiago Santos, and Solana co-founder Anatoly Yakovenko. The new funds will be used to build and improve its products. (Planet Daily)

Policies and Regulations:

1. Montenegro’s Central Bank cooperates with Ripple to carry out digital currency pilot project

Montenegro Prime Minister Dritan Abazović tweeted that his country is working with Ripple to develop a digital currency. (Cointelegraph)

2. Independent auditor: Celsius engaged in Ponzi behavior, sometimes using new customers’ funds to pay other customers’ withdrawals

Shoba Pillay, an independent examiner in New York Bankruptcy Court, said in a filing Tuesday that Celsius misled its investors by sometimes using funds from new customers to cover withdrawals from other customers, the usual definition of a Ponzi scheme. (CoinDesk)