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Crypto Evening Briefing: Hong Kong’s Losses to Crypto Scams Doubled to $217M Last Year

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FTX Sues Grayscale as It Seeks $250 Million in Its Trust

Bankrupt digital currency trading firm FTX Derivatives Exchange, through its sister trading firm, Alameda Research, has filed a lawsuit against Grayscale Investment. The case was filed in the Court of Chancery in the State of Delaware, and it names its CEO, Michael Sonnenshein, and the parent company, Digital Currency Group, as defendants.

JD.com & Bank of China Join Mainland China-Hong Kong Digital Yuan Pilot

Major business players are joining the Hong Kong-Mainland China “cross-border” digital yuan pilot – including the e-commerce giant JD.com and the Bank of China.

Thailand Waives Crypto Tax for Investment Tokens: Reuters

Thailand’s cabinet has approved tax waivers for crypto companies that offer investment tokens in the country, according to a statement by Finance Minister Arkhom Termpittayapaisith on Tuesday.

Hong Kong’s Losses to Crypto Scams Doubled to $217M Last Year: Report

Losses from crypto scams in Hong Kong amounted to 1.7 billion Hong Kong dollars ($216.6 million) last year, surging 106% from a year before, according to the local police.

Crypto Mining Rig Maker Canaan's Q4 Revenue Sunk 82% to $56.8M

Crypto mining rig maker Canaan (CAN) reported a year on year revenue decrease of 82% to $56.8 million in Q4 2022 as it increasingly focuses on self-mining rather than selling machines, according to a Tuesday press release.

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $22,419.15 USD, jumped by 0.08% in the last 24 hours;

ETH’s live price is $1,568.04 USD, jumped by 0.19% in the last 24 hours;

BNB’s live price is $286.91 USD, jumped by 0.61% in the last 24 hours;

XRP's live price is $0.3750 USD, jumped by 3.05% in the last 24 hours.

Fundraising News

TON Fundraising Platform Tonstarter Closes $1.5 Million Seed Round

Tonstarter has closed a $1.5 million seed round, marking an important milestone for the crypto Toncoin (TON). Tonstarter is the main fundraising platform on TON and will support a wide range of projects across the TON ecosystem, including decentralized finance (DeFi), decentralized exchanges (DEX), non-custodial wallets, lending and borrowing protocols, gaming, and the metaverse.

Tensor — the ‘Blur of Solana’ — Raises $3 Million in Seed Funding

Tensor, which brands itself as "the Blur of Solana," raised $3 million in a seed funding round. Placeholder VC led the round, with Solana Ventures, Alliance DAO, Big Brain Holdings, Solana co-founders Anatoly Yakovenko and Raj Gokal, and others participating, Tensor said Tuesday.

Lagos-Based EchoVC Launches $8M “Pilot” Blockchain-Focused Seed Fund

Lagos-based VC firm EchoVC, a technology-focused early-stage VC firm focused on investing in underrepresented founders and underserved markets, has launched EchoVC Chain, a US$8 million “pilot” blockchain-focused seed fund.

Investment Firm Republic Purchases 10M Astra Protocol Tokens in New Deal

Switzerland-based decentralized know-your-customer (KYC) platform Astra Protocol said investment platform Republic will acquire 10 million ASTRA, the protocol's native fixed-supply utility token.

Bitcoin Bitcoin $99,021.20
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