Cointime

Cointime

Download App
iOS & Android

Crypto Morning Briefing: Coinbase 2022 Losses Total $2.6 Billion As Crypto Tightens Belt; U.S. Congressman Introduces Bill To Block CDBC Roll Out

Cointime Official

Top Stories

Coinbase 2022 Losses Total $2.6 Billion As Crypto Tightens Belt

American crypto exchange giant Coinbase released its Q4 2022 statements, showing a net loss of $557 million, signalling a quarter-on-quarter consecutive loss to the tune of $2.6 billion.

Binance To Burn $2B Idle BUSD on Feb. 22

Leading crypto exchange Binance announced it would burn $2 billion worth of idle Binance USD (BUSD) on BNB Chain “later today” on Feb. 22 at 12:07 UTC.

Reddit Avatar NFTs’ Market Cap Exceeds $35 Million

The total market cap of Reddit’s collectible avatar NFTs exceeded $36 million, according to a BestBrokers report published Feb. 22.

Floki Inu New Partnership Exposes Floki To 140M Crypto Users

The team behind Floki, the rapidly expanding multi-chain project, took to Twitter today to announce their latest strategic marketing partnership with DEXTools, one of the world’s leading decentralized token data analytics platforms.

U.S. Congressman Introduces Bill To Block CDBC Roll Out

United States Congressman Tom Emmer has introduced a new bill seeking to block the Federal Reserve (the Fed) from issuing a central bank digital currency (CBDC).

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $23,818.98 USD, dropped by 2.58% in the last 24 hours;

ETH’s live price is $1,617.19 USD, dropped by 2.93% in the last 24 hours;

BNB’s live price is $307.82 USD, dropped by 1.59% in the last 24 hours;

XRP's live price is $0.39 0.013% USD, dropped by 0.013% in the last 24 hours.

Fundraising News

BCB Group Targets Valuation of $200 Million in New Fundraising Effort

BCB Group, a crypto financial services company based in London, is raising funds via convertible notes.

Blocto Crypto Wallet Closes Series a Round at an $80 Million Valuation

Multichain wallet Blocto has closed a Series A funding round at a valuation of $80 million. The startup would not disclose the funding amount for this round. Entrepreneur Mark Cuban, IPX and returning investor 500 Global participated in the raise, the company said in a release. Cuban's involvement with the startup was announced late last year.

ConstitutionDAO Members Raise $2.8 Million for Multi-Signature Wallet Den

Multi-sig startup Den raised $2.8 million to build a wallet that will help dispersed teams and decentralized autonomous organizations (DAOs) easily and quickly execute transactions.

Web3 Database Developer Polybase Raises $2 Million in Pre-Seed Funding

Polybase, a crypto startup developing a privacy-focused decentralized database, raised $2 million in a pre-seed funding round.

Get the latest news here: Cointime channel — https://t.me/cointime_en

Bitcoin Bitcoin $97,007.56
-1.22%
Binance Coinbase NFT Floki Inu CBDC DAO Web3
Comments

All Comments

Recommended for you

  • U.S. Congressman Mike Flood: Looking forward to working with the next SEC Chairman to revoke the anti-crypto banking policy SAB 121

     US House of Representatives will investigate Representative Mike Flood's recent statement: "Despite widespread opposition, SAB 121 is still operating as a regulation, even though it has never gone through the normal Administrative Procedure Act process." Flood said, "I look forward to working with the next SEC chairman to revoke SAB 121. Whether Chairman Gary Gensler resigns on his own or President Trump fulfills his promise to dismiss Gensler, the new government has an excellent opportunity to usher in a new era after Gensler's departure." He added, "It's not surprising that Gensler opposed the digital asset regulatory framework passed by the House on a bipartisan basis earlier this year. 71 Democrats and House Republicans passed this common-sense framework together. Although the Democratic-led Senate rejected it, it represented a breakthrough moment for cryptocurrency and may provide information for the work of the unified Republican government when the next Congress begins in January next year."

  • Indian billionaire Adani summoned by US SEC to explain position on bribery case

    Indian billionaire Gautam Adani and his nephew, Sahil Adani, have been subpoenaed by the US Securities and Exchange Commission (SEC) to explain allegations of paying over $250 million in bribes to win solar power contracts. According to the Press Trust of India (PTI), the subpoena has been delivered to the Adani family's residence in Ahmedabad, a city in western India, and they have been given 21 days to respond. The notice, issued on November 21 by the Eastern District Court of New York, states that if the Adani family fails to respond on time, a default judgment will be made against them.

  • U.S. Congressman: SEC Commissioner Hester Peirce may become the new acting chairman of the SEC

    US Congressman French Hill revealed at the North American Blockchain Summit (NABS) that Republican SEC Commissioner Hester Peirce is "likely" to become the new acting chair of the US Securities and Exchange Commission (SEC). He noted that current chair Gary Gensler will step down on January 20, 2025, and the Republican Party will take over the SEC, with Peirce expected to succeed him.

  • Tether spokesperson: The relationship with Cantor is purely business, and the claim that Lutnick influenced regulatory actions is pure nonsense

     a spokesperson for Tether stated: "The relationship between Tether and Cantor Fitzgerald is purely a business relationship based on managing reserves. Claims that Howard Lutnick's joining the transition team in some way implies an influence on regulatory actions are baseless."

  • Bitwise CEO warns that ETHW is not suitable for all investors and has high risks and high volatility

    Hunter Horsley, CEO of Bitwise, posted on X platform that he was happy to see capital inflows into Bitwise's Ethereum exchange-traded fund ETHW, iShares, and Fidelity this Friday. He reminded that ETHW is not a registered investment company under the U.S. Investment Company Act of 1940 and therefore is not protected by the law. ETHW is not suitable for all investors due to its high risk and volatility.

  • Musk said he liked the "WOULD" meme, and the related tokens rose 400 times in a short period of time

    Musk posted a picture on his social media platform saying he likes the "WOULD" meme. As a result, the meme coin with the same name briefly surged. According to GMGN data, the meme coin with the same name created 123 days ago surged over 400 times in a short period of time, with a current market value of 4.5 million US dollars. Reminder to users: Meme coins have no practical use cases, prices are highly volatile, and investment should be cautious.

  • Victory Securities: Funding Rates halved and fell, Bitcoin's short-term direction is not one-sided

    Zhou Lele, the Vice Chief Operating Officer of Victory Securities, analyzed that the macro and high-level negative impact risks in the cryptocurrency market have passed. The risks are now more focused on expected realization, such as the American entrepreneur Musk and the American "Efficiency Department" (DOGE) led by Ramaswamy. After media reports, the increase in Dogecoin ($DOGE) was only 5.7%, while Dogecoin rose by 83% in the week when the US election results were announced. Last week, the net inflow of off-exchange Bitcoin ETF was US$1.67 billion, and the holdings of exchange contracts and CME contracts remained high, but the funding rates halved and fell back, indicating that the direction of Bitcoin in the short term is not one-sided, and bears are also accumulating strength.

  • ECB board member Villeroy: Falling inflation allows ECB to cut interest rates

     ECB board member Villeroy de Galhau said in an interview that the decline in inflation allows the ECB to lower interest rates. In addition, the slow pace of price increases compared to average wages is also a factor in the rate cut. Villeroy de Galhau emphasized that the ECB's interest rate policy decision is independent of the Fed. Evidence shows that the ECB began to lower interest rates in early June, while the Fed lowered interest rates three months later. With the decline in inflation, we will be able to continue to lower interest rates. Currently, the market generally expects the ECB to cut interest rates by 25 basis points at the next meeting in December, but weaker data increases the possibility of a 50 basis point cut.

  • Web3 data and AI company Validation Cloud completes $10 million in new round of financing

     Web3 data and AI company Validation Cloud announced a $10 million financing round from True Global Ventures. The company plans to use the funds to expand its AI products and achieve seamless access to Web3 data.

  • Coindesk ·

    Careers in Crypto: 5 Insights for 2024

    In an overwhelming job market, leaning into personal networks and connections are more important than ever. Emily Landon, CEO of The Crypto Recruiters, outlines what is happening in the crypto job market and how you can position yourself or your company in 2024.

    Careers in Crypto: 5 Insights for 2024

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