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Crypto Morning Briefing: UK Crypto Promotions Laws Hoped to be in Place by Late 2023

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Top Stories

North Korean Group Used Crypto To Launder Stolen Funds, Intelligence Firm Mandiant Says

A North Korean hacker group known as "Lazarus" has been accused of engaging in money laundering activities using cryptocurrency. The accusations were made by cybersecurity firm Mandiant, which has been monitoring the activities of Lazarus and other North Korean hacker groups for several years.

UK Crypto Promotions Laws Hoped to be in Place by Late 2023

The UK government is planning to introduce new laws that would regulate the promotion of cryptocurrency and other high-risk financial products. The laws are expected to be in place by late 2023 and would provide greater protection for consumers and investors.

Sam Bankman-Fried Faces New U.S. Indictment Over Chinese Bribery

U.S. prosecutors unveiled a new indictment against FTX founder Sam Bankman-Fried Wednesday, adding a bribery charge on top of the 12 other charges he already faced.

Walt Disney Reportedly Scraps Metaverse Plans

Walt Disney has scrapped its plans for a metaverse. The metaverse is a virtual world where users can interact with each other and digital assets in a fully immersive environment.

Crypto Exchange Mango Markets Considers Raising Interest Rates for Popular Tokens

Crypto exchange Mango Markets is considering raising interest rates for popular tokens. Mango Markets is a decentralized exchange (DEX) built on the Solana blockchain, and offers users the ability to earn interest on their cryptocurrency holdings through its yield farming program.

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $27,260.02 USD, jumped by 0.47% in the last 24 hours;

ETH’s live price is $1,773.66 USD, jumped by 3.70% in the last 24 hours;

BNB’s live price is $313.10 USD, jumped by 1.86% in the last 24 hours;

XRP's live price is $0.52 USD, jumped by 9.40% in the last 24 hours.

Fundraising News

New Meme Coin Sensation Love Hate Inu Raises $2M in Red Hot Presale – 6 Days Countdown Begins for Price Increase

Love Hate Inu, a new meme coin, has raised $2 million in a red-hot presale. Love Hate Inu is a decentralized cryptocurrency that features a dog meme as its mascot and has gained significant attention and popularity in the cryptocurrency community.

Restaking Protocol EigenLayer Closes $50 Million Raise

Ethereum restaking protocol EigenLayer has closed its $50 million Series A fundraising round. The Block first reported in February that EigenLabs, the team behind EigenLayer, was seeking to raise $50 million at a $250 million post-equity valuation and a $500 million token valuation.

Irene Zhao’s Web3 Social Platform So-Col Unveils $4.5 Million in New Funding

So Col, a decentralized social platform, has raised $15 million in a funding round led by Irene Zhao, a prominent venture capitalist and blockchain investor. So Col is a Web3 social platform that allows users to create and engage with decentralized communities using blockchain technology.

Paradigm Leads $7M Round for Optimism-Based Startup Conduit

Crypto infrastructure startup Conduit has emerged from stealth with a $7 million seed funding round led by blockchain-focused investment giant Paradigm.

Bitcoin Bitcoin $98,221.57
-0.59%
Cryptocurrency Cybersecurity Sam Bankman-Fried Metaverse Mango Markets
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