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Crypto Morning Briefing: DOJ Seizes $112M Tied to Cryptocurrency Schemes

Crypto Morning Briefing

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KuCoin Wallet Spins Off From KuCoin Exchange, Renames As Halo Wallet

Decentralized wallet KuCoin Wallet announced on Apr. 3 that it has rebranded as Halo Wallet and launched a new SocialFi ecosystem. According to the announcement, the newly independent Halo Wallet received a fresh round of financing from several investors, including KuCoin Ventures, IDG, HashKey Capital, and other Web3 strategic partners.

DOJ Seizes $112M Tied to Cryptocurrency Schemes

The U.S. Department of Justice (DOJ) said in a March 3 announcement that it has seized $112 million worth of digital assets tied to crypto investment scams.

Pancakeswap Launches Version 3 of Protocol on BNB and Ethereum Blockchains

On Monday, Pancakeswap launched version three of its protocol on the Ethereum and Binance Coin (BNB) blockchains, following an announcement in the first week of March. “It’s Pancakeswap v3 Day. Tell us how excited you are,” the dex platform’s official Twitter account posted. According to Pancakeswap developers, the latest iteration features improved capital efficiency, allowing liquidity providers to concentrate capital more efficiently.

Dogecoin Gains 12% After Token's Symbol Replaces Blue Bird as Twitter Logo

Dogecoin (DOGE) is higher by 25% over the past 24 hours after the Shiba Inu symbol representing the token replaced the familiar blue bird atop the Twitter homepage.

TradFi Banks Team Up to Create Digital Bonds Trading Platform on Blockchain

French investment bank Credit Agricole CIB and Swedish bank SEB, stalwarts of traditional finance (TradFi) in Europe, have joined forces to develop a blockchain-based platform for digital bonds.

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $27,766.76 USD, dropped by 0.84% in the last 24 hours;

ETH’s live price is $1,796.91 USD, jumped by 0.55% in the last 24 hours;

BNB’s live price is $306.77 USD, dropped by 1.92% in the last 24 hours;

XRP's live price is $0.49 USD, dropped by 4.66% in the last 24 hours.

Fundraising News

Crypto Startup Li.Fi Raises $17.5M in Funding Round

Multichain liquidity and data gateway provider Li.Fi has raised $17.5 million in a Series A fundraise co-led by crypto-native investment firms CoinFund and Superscrypt. The fundraise will help Li.Fi overcome the bear market and execute its long-term strategy, which aims to bring more users to Web3 by enabling tokens and orders to trade across any chain in a seamless way, Philipp Zentner, CEO at LI.FI told CoinDesk in an interview.

Alchemy Pay and DWF Labs Sign Strategic Partnership Agreement

Alchemy Pay has a strong foothold in Europe, Southeast Asia, and Northern and Latin America. It is now looking to further its expansion in the Korean market. That could soon be a reality, considering the payment gateway service provider has entered into a strategic partnership with DWF Labs. The developments came to light after Alchemy Pay secured funding of $10 million from the multi-stage Web3 investment firm.

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