Cointime

Cointime

Download App
iOS & Android

Crypto Evening Briefing: Microsoft Kills Its Industrial Metaverse Team After 4 Months; Binance Deploys Zk-SNARKs on Proof-of-Reserves System

Cointime Official

Top Stories

Microsoft Kills Its Industrial Metaverse Team After 4 Months

In a surprising reversal, Microsoft has killed a team it formed four months ago to help customers use the metaverse in industrial settings, according to a person with direct knowledge of the matter. The group’s roughly 100 employees have all been laid off, the person said.

Binance Deploys Zk-SNARKs on Proof-of-Reserves System

Binance, the biggest centralized cryptocurrency exchange by volume, has added zk-SNARKs' zero-knowledge proof system to its proof-of-reserves (PoR) verification system to attest that funds held on the platform are backed 1:1. Currently, the PoR system supports verifying the exchange's reserves for 13 different crypto assets.

Coinbase Not Planning to Halt Staking Program Despite SEC Crackdown on Service

Coinbase, a leading cryptocurrency exchange based in San Francisco, has announced that it will not halt its crypto staking program despite reports of the SEC’s crackdown against crypto staking services in the U.S. The San Francisco-based exchange assured clients its staking program differs from Kraken’s. It added that the service does not constitute security.

Bank of England Mentions Ripple in Its Digital Pound Consultation Paper

Leading blockchain company Ripple has played significant roles in helping central banks in different parts of the world, including Bhutan. Following its considerable efforts towards the development of CBDC, Ripple was recently mentioned in the Bank of England (BoE) consultation paper on the digital pound, U.K.’s digital currency.

South Korea Sets Independent Sanctions for Crypto Theft Against North Korea

South Korea announced its first independent sanctions related to cryptocurrency thefts and cyber attacks against certain North Korean groups and individuals. According to Seoul's Ministry of Foreign Affairs, four North Korean individuals and seven businesses have been placed on a blacklist for their alleged involvement in cyberattacks and cryptocurrency theft, reported a local daily.

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $21,790.14 USD, dropped by 4.17% in the last 24 hours;

ETH’s live price is $1,539.96 USD, dropped by 5.97% in the last 24 hours;

BNB’s live price is $306.44 USD, dropped by 4.49% in the last 24 hours;

XRP's live price is $0.3839 USD, dropped by 2.73% in the last 24 hours.

Fundraising News

Bankrupt Crypto Lender Celsius Seeks to Raise $14M From Bitmain Mining Vouchers

Bankrupt crypto lender Celsius is hoping to raise more than $14 million by selling discount vouchers for mining company Bitmain before they expire as it seeks to restore funds to creditors. The deal includes coupons that offer buyers of mining rigs a 10%-30% discount on future purchases from Bitmain, the maker of the Antminer range, as well as the credits that accrue when purchasers pay by instalment.

NFT Launching Platform ManesLAB Announces Completion of $1.8 Million Seed Round

ManesLAB announces completion of $1.8 million seed round financing led by YZB Investment, NFT Project Weirdoghostgang will continue to incubate more Web3 native IP and blockchain applications in the future, Facilitate the integration of Web2 space and Web3 ecology.

Fibonacci Chain Received 10 Million USD Investment From American SoftBank Capital

American Softbank Capital, a leading venture capital firm, recently announced that it would lead the investment of 10 million dollars in the Fibonacci Chain. This investment will provide financial support for Fibonacci Chain, helping it make greater progress in technology research and development and market promotion. 

Crypto Exchange C3 Has Raised $6 Million in Seed Funding Led by Two Sigma Ventures

The crypto exchange C3 has raised $6 million in seed funding led by Two Sigma Ventures, the venture-capital arm of the hedge fund Two Sigma Investments. C3 lets retail investors keep custody of their crypto while giving traders sophisticated tools. Cofounder Michel Dahdah told Insider he's aiming to fix the flaws that led to FTX's collapse.

Bitcoin Bitcoin $87,843.59
-2.37%
Crypto Binance Coinbase SEC Ripple
Comments

All Comments

Recommended for you

  • Trump appoints former SEC Chair Jay Clayton as US Attorney for Southern District of New York

    Donald Trump, the President-elect, has announced that Jay Clayton, the former SEC Chair, will be appointed as the U.S. Attorney for the Southern District of New York. Clayton has advised several crypto firms since leaving the SEC in December 2020 and was responsible for the production of the SEC's DAO Report. He famously stated that most initial coin offerings were securities, a view shared by his successor, Gary Gensler. Trump described Clayton as a "highly respected business leader, counsel and public servant."

  • The U.S. Department of Government Efficiency needs “revolutionaries with super high IQs who are committed to small government reform”

    the newly established Department of Government Efficiency (DOGE) in the United States has released an official statement via their X account, thanking thousands of Americans for their interest in joining the department. However, they have made it clear that they do not need "part-time creative contributors," but rather "revolutionaries with super high intelligence who are committed to small government reform." Applicants are required to work more than 80 hours per week and focus on plain and simple cost reduction. Applicants who meet the requirements can submit their resumes via private message, and the top 1% of outstanding applicants will be personally reviewed by Elon Musk and Vivek Ramaswami.

  • SEC Chairman Gary Gensler Makes Final Lobbying Call for US Crypto Regulation

    according to institutional reports, US Securities and Exchange Commission (SEC) Chairman, Clayton, is making a final push to allow the agency to regulate the cryptocurrency market before the Trump administration's term ends and its enthusiasm for digital assets wanes. In a speech prepared for a legal conference in New York on Thursday, Clayton reiterated that the agency should focus on "road rules" applicable to cryptocurrency sales and intermediaries such as brokers and exchanges to support proper disclosure. Clayton stated that the experience of the Great Depression made decision-makers aware of the "importance of disclosure terms, as information about securities creates a public product". (Jinshi Data APP)

  • U.S. money market fund assets exceed $7 trillion for the first time

    according to data provided by Crane Data, which has long been researching the currency market fund field, as of the week of November 13th, the management assets of US currency market funds increased by about $91 billion, and the total scale exceeded $7 trillion for the first time, which is a milestone for the industry. Due to the high and reliable yield, the popularity of this industry among investors has risen sharply. Before reaching the $7 trillion mark, the scale of US currency market assets hit a historic high for several consecutive months, which refuted doubts about whether the industry could continue to be popular as Federal Reserve officials lowered interest rates from their highest level in 20 years. After US policy makers cut interest rates by 50 basis points in September and another 25 basis points this month, investors continued to pour into currency market funds, mainly because the yield of these funds is higher than other tools, especially bank deposits. Compared with banks, the speed at which these funds transmit the impact of low interest rates is often slower.

  • Franklin Templeton Expands $410 Million Money Market Fund to Ethereum Blockchain

    Franklin Templeton expanded its $410 million money market fund to the Ethereum blockchain.

  • U.S. PPI rose 2.4% year-on-year in October, higher than expected

     US October PPI rose 2.4% year-on-year, estimated at 2.3%, with a previous value of 1.8%; the US October PPI rose 0.2% month-on-month, estimated at 0.2%, with a previous value of 0%.

  • The country's first digital RMB-based intellectual property securitization product was successfully issued

    "Yongxing-Guofu-Ningbo Intellectual Property Asset Support Special Plan (Specialization and Innovation)" with Yongzheng Asset Management as the manager and Yongxing Securities as the sales organization held a listing ceremony on the Shanghai Stock Exchange. The first issue size was 138 million yuan, with a term of 1 year and a coupon rate of 2.2%. The product's priority bond rating was AAA, and it was the first knowledge-based securities product to be invested in digital RMB form nationwide, and also a breakthrough in the Ningbo knowledge-based securities project.

  • Crypto venture capital Portal Ventures completes approximately $90 million in oversubscribed fundraising

    early blockchain venture capital firm Portal Ventures is close to completing the final fundraising for its second fund, which has a size of $75 million. Founder and general partner Evan Fisher said that the fund has been oversubscribed, with subscriptions reaching $90 million. According to documents submitted to the US Securities and Exchange Commission (SEC) in August, the initial target for the fund was $70 million, but Portal later decided to raise the ceiling by $5 million.

  • BIT Mining Invests in Prosper's Native Tokens to Support New Focus on Bitcoin Mining

    ChainwireProsper, a decentralized protocol focused on bridging institutional-grade Bitcoin mining power on-chain, has announced a new investment in its native project token PROS by BIT Mining Limited. This investment aligns with Prosper's new strategic focus on Bitcoin mining and the broader Bitcoin ecosystem, which has been well-received by the community. Prosper partners with industry players to obtain various services and products to deliver institutional-grade execution in managing its mining hashrate. BIT Mining's investment represents another significant validation of Prosper's thesis by institutional backers and supports its new vision.

  • From the US election to November 13, DOGE rose by 128%, outperforming Tesla and Bitcoin

    According to market data, from November 5th to November 13th, Dogecoin had the most eye-catching increase, surpassing the more focused Tesla and Bitcoin. On November 14th, Dogecoin and Bitcoin continued to rise. As of November 13th, Dogecoin increased by 128%, Coinbase increased by 47%, Tesla increased by 31%, Bitcoin increased by 29%, the banking sector increased by 10%, small-cap stocks increased by 4.9%, the S&P 500 increased by 3.6%, and the US dollar index increased by 3.1%. In addition, long-term US bonds, crude oil, gold, and Trump media all experienced a decline.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company