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 $62,070.81
+2.34%
Crypto Binance Coinbase SEC Ripple
Comments

All Comments

Recommended for you

  • Uniswap’s market share in DEX has dropped to 36%

    The DEX landscape is undergoing changes, with the market share of the veteran decentralized exchange Uniswap dropping from over 50% in October 2023 to the current 36%.

  • Exowatt completes $20 million financing, a16z participates in the investment

    Startup company Exowatt announced that it is addressing the energy needs of data centers through its ceramic battery technology. The company claims that its technology can store solar energy for months, helping to cope with the rapid growth of power consumption in data centers. The company has received $20 million in seed funding, with investors including a16z and Altman. According to reports, Exowatt has accumulated 1.2 gigawatts of orders, mainly focused on data centers and cryptocurrency mining projects in the United States.

  • Singapore police investigate Worldcoin account transactions, arrest five people

    On September 10th, Singapore's Deputy Prime Minister Heng Swee Keat announced that Singaporean police are investigating seven individuals suspected of providing Worldcoin account and token trading services. This investigation involves possible violations of the Payment Services Act of 2019, and the police have arrested five people.

  • Putin: Russia "supports" Harris, calls her smile "contagious"

    According to foreign media such as TASS and Russia's Sputnik News, Jinse Finance reported that on the afternoon of September 5th local time, Russian President Putin said at the plenary session of the Eastern Economic Forum 2024 that Russia will "support" the US Democratic Party presidential candidate and vice president Harris as recommended by the US President Biden in the upcoming US presidential election. When asked how he viewed the 2024 US election, Putin said it was the choice of the American people. The new US president will be elected by the American people, and Russia will respect the choice of the American people. Putin also said that just as Biden suggested his supporters to support Harris, "we will do the same, we will support her." The report said that Putin also joked that Harris' laughter is "expressive and infectious," which shows that "she is doing everything well." He added that this may mean that she will avoid further sanctions against Russia.

  • An ETH whale repurchased 5,153 ETH with 12.23 million USDT 20 minutes ago

    A certain high-frequency trading ETH whale monitored by on-chain analyst Yu Jin bought 5,153 ETH with 12.23 million USDT 20 minutes ago.

  • CFTC: Uniswap Labs has actively cooperated with the investigation and only needs to pay a fine of US$175,000

    The CFTC has filed a lawsuit against Uniswap Labs and reached a settlement. It was found that Uniswap Labs illegally provided leveraged or margined retail commodity transactions of digital assets through a decentralized digital asset trading protocol. Uniswap Labs was required to pay a civil penalty of $175,000 and cease violations of the Commodity Exchange Act (CEA). The CFTC acknowledged that Uniswap Labs actively cooperated with law enforcement agencies in the investigation and reduced the civil penalty.

  • Federal Reserve Beige Book: Respondents generally expect economic activity to remain stable or improve

    The Federal Reserve's Beige Book pointed out that economic activity in three regions has slightly increased, while the number of regions reporting flat or declining economic activity has increased from five in the previous quarter to nine in this quarter. Overall employment levels remain stable, although some reports indicate that companies are only filling necessary positions, reducing working hours and shifts, or reducing overall employment levels through natural attrition. However, reports of layoffs are still rare. Generally speaking, wage growth is moderate, and the growth rate of labor input costs and sales prices ranges from slight to moderate. Consumer spending has declined in most regions, while in the previous reporting period, consumer spending remained stable overall.

  • Puffpaw Completes $6 Million Seed Round with Lemniscap Ventures as Participant

    Puffpaw has announced the completion of a $6 million seed round of financing, with participation from Lemniscap Ventures. The Puffpaw project plans to launch a blockchain-enabled electronic cigarette aimed at helping users reduce nicotine intake through token incentives. The project encourages users to quit smoking by recording their smoking habits and rewarding them with tokens. Puffpaw's token economics aims to cover 30% of the cost of users' first month of using their product and provide social rewards. The project also considers possible system abuse, but the issue of users potentially reporting smoking habits dishonestly is not yet clear.

  • Affected by Ethervista and others, Ethereum Gas temporarily rose to 33gwei

    According to Etherscan, due to the influence of contracts such as Ethervista, Ethereum Gas has temporarily risen to 33gwei, with the top three being EthervistaRouter, UniswapRouter, and BananaGun.

  • The probability of the Fed cutting interest rates by 25 basis points in September is 55%.

    The probability of the Federal Reserve cutting interest rates by 25 basis points in September is 55.0%, while the probability of a 50 basis point cut is 45.0%. The probability of the Federal Reserve cutting interest rates by a cumulative 50 basis points by November is 32.1%, by 75 basis points is 49.2%, and by 100 basis points is 18.8%.

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