Cointime

Cointime

Download App
iOS & Android

PEPE Hits $1 Billion Market Cap; Binance Probed for Sanctions Breach, Terror Links | Cointime Weekly Apr.30 – May.6

Cointime Official

Top stories

Binance Investigated for Sanctions Breach, 190 Accounts Seized for Terrorist Ties

The US Justice Department is investigating whether Binance Holdings Ltd. was illegally used to let Russians skirt US sanctions and move money through the cryptocurrency exchange.

Authorities in Israel have seized 190 Binance accounts with ties to Islamic terrorist groups since 2021.

PEPE Market Cap Crosses $1 Billion; Listed on Binance, Huobi, KuCoin

Pepe coin crossed the $1 billion market cap mark and has now solidified its position as a top 100 cryptocurrency. 

Following Binance's announcement of listing the memecoins Pepe ($PEPE) , several other major cryptocurrency trading platforms including Huobi, Crypto.com, KuCoin have quickly followed suit.

Former Coinbase CTO Balaji Closes Bitcoin Bet With $1.5M in Donations

Today Balaji disclosed that the 1 million Bitcoin bet has been "closed out by mutual agreement" and resolved ahead of schedule. As part of the settlement, he donated $500,000 to the charity Give Directly, $500,000 to Bitcoin core developers, and $500,000 to James Medlock.

Coinbase to Cease New Loan Issuance Through Bitcoin Borrow Service

Global crypto giant Coinbase has announced plans to shutter its loan services, effective May 10. Bitcoin-backed loans will cease to be available to customers. 

Collapsed FTX Seeks to Reclaim $3.9 Billion from Bankrupt Genesis

The filing claims that Genesis has already been "largely repaid" for the roughly $8 billion in loans that it provided to Alameda, which sets it apart from other FTX creditors and customers.

Global regulations

White House Wants Crypto Miners To Pay 30% Climate Change Tax

The Biden administration proposes a 30% tax on crypto miners to address climate change.

Zimbabwe Wants Citizens to Subscribe to its Gold-Backed Digital Currency

Applications for the tokens must be for a minimum of $10 for individuals and $5,000 for financial institutions and corporates. 

El Salvador Signs Bill to Eliminate All Taxes on Tech Innovations

Nayib Bukele, the President of El Salvador, announced on May 4th that he has enacted a law that eliminates taxes on "technology innovations, software and app programming, AI, computer and communications hardware manufacturing."

Ukraine, US Shut Down 9 Cryptocurrency Exchanges

The exchanges were accused of facilitating money laundering and illegal activities and were allegedly being used by criminals to launder the proceeds of their crimes. 

Nigeria Approves National Policy to Create 'Blockchain-Powered' Economy

Nigeria has reportedly approved a national policy to create a blockchain-powered economy. The policy is aimed at promoting the use of blockchain technology to drive innovation, economic growth, and job creation in the country. 

UK’s FCA Continues Crackdown on Unregistered Crypto ATMs

The UK's Financial Conduct Authority (FCA) has inspected crypto ATM sites in Exeter, Nottingham, and Sheffield alongside regional police, as part of its crackdown on unlawful crypto ATMs. 

Crypto weekly price action

Fundraising and investment

Warburg-Backed Advance Intelligence Raises $80 Million Funding

Advance Intelligence Group, a financial technology firm based in Singapore, has raised $80 million in a round led by existing backers Warburg Pincus and Northstar Group.

AlienSwap Raises $12 Million to Build the Leading NFT Trading Layer

AlienSwap, a community-based NFT marketplace and aggregator, has raised $12 million in a strategic funding round led by NEXT Leader Capital and C² Ventures. 

Temasek Invests $10M in Array’s Algorithmic Currency System

Singapore's Temasek has invested $10 million in Array, the developer of an algorithmic currency system based on smart contracts and artificial intelligence.

Bitget Pledges $10M for Blockchain4Youth Corporate Responsibility Project

Bitget, a cryptocurrency exchange, has reportedly pledged $10 million towards its "Blockchain4Youth" corporate responsibility project. 

ZkLink Raises $10M in Funding Round with Backing from Coinbase Ventures

ZkLink, an infrastructure layer that enables easier trading of assets across blockchains, has raised $10 million in a strategic funding round from investors including Coinbase Ventures. 

OpenSats Receives $10 Million From Jack Dorsey's #startsmall Initiative 

OpenSats, a non-profit organization that supports free and open-source software and projects related to Bitcoin, has received a donation of $10 million from #startsmall, Jack Dorsey's philanthropic initiative.   

Viral Quotes

"Coinbase is transitioning from crypto exchange to crypto-enabled banking services."

 –  Asheesh Birla, former Ripple exec

"The situation in banking is very similar to what it’s always been in banking – the fear is contagious, always."

–  Berkshire Hathaway Inc.’s Warren Buffett

"You can look at bitcoin as being insurance on the failure of a basket of fiat currencies. $200 trillion is the liability just of the United States. You take 160 [basis points] times $200 trillion and you get … $3.2 trillion would be the implied insurance value on the United States … What is bitcoin trading for? Well, about half a trillion dollars"

–   Validus Power Corp.’s executive director, Greg Foss

PEPE Binance Huobi
Comments

All Comments

Recommended for you

  • U.S. consumer confidence improves again in November, reaching a two-year high

    Dana M. Peterson, Chief Economist of the World Large Enterprises Federation, said, "US consumer confidence continued to improve in November, reaching the highest level in the past two years. The growth in November was mainly due to consumers' more positive assessment of the current situation, especially in the labor market. Compared with October, consumers' optimism about future employment opportunities has also greatly increased, reaching the highest level in nearly three years. At the same time, consumers' expectations for future business conditions have not changed, while their optimism about future income has slightly declined." Earlier, the US Conference Board Consumer Confidence Index for November recorded 111.7, a new high since July 2023.

  • Starknet: Phase 1 of STRK staking is now live on the mainnet

    Starknet announced that the first stage of STRK staking has officially launched on the mainnet.

  • CZ: Not trying to end the meme craze, just encouraging more builders

    CZ posted on X platform today, saying: "I am not against Meme coins, but Meme coins have become 'a little' strange now. Let's use blockchain technology to build practical applications." Some community users said that even Musk is a supporter of Meme coins, and it is very difficult to end this frenzy. CZ responded that "there is no attempt to end anything, everyone has the right to choose to invest or hold what they want. Just encourage more builders."

  • Talus Network Completes $6 Million Strategic Round of Financing with a Valuation of $150 Million

    decentralized AI protocol Talus Network raised $6 million in a strategic financing round led by Polychain Capital, valuing the company at $150 million. This funding will help further develop the Talus ecosystem, including the Protochain, Nexus framework, and "AI dating experience" application.

  • AXIOS: Trump is considering appointing a secretary of state for artificial intelligence

    according to AXIOS, Trump is considering appointing an AI minister to coordinate federal policies and government use of emerging technologies.

  • Coinbase International has launched COW perpetual contracts

     Coinbase International has launched COW perpetual contracts. COW-PERP market limit, market, stop loss, and stop loss limit orders are now all available.

  • Schuman Financial Completes $7.36 Million Seed Round, Led by RockawayX

    Schuman Financial has completed a $7.36 million seed round of financing, led by RockawayX, with participation from Lightspeed Faction, Kraken Ventures, Nexo Ventures, Gnosis VC, Delta Blockchain Fund and Bankless Ventures. In addition, Schuman Financial has launched a euro stablecoin, EURØP, which complies with the MiCA standard.

  • QCP: BTC's path to $100,000 has stalled, and ETH implied volatility has turned to put options

    QCP Capital has published an analysis indicating that the recent drop in the price of Bitcoin has resulted in long liquidations exceeding $430 million. This drop coincides with the end of five consecutive days of net inflows for spot ETFs, which recorded a outflow of $438 million on Monday, while MicroStrategy fell by 4.4%. With the US holiday approaching and no immediate catalyst to push prices higher, BTC's path towards $100,000 has stalled. In addition, the implied volatility of ETH has turned to bearish options rather than bullish options, and market concerns about downside risks may intensify, especially with the release of the FOMC meeting minutes and PCE data. However, in the long run, this market decline is not an excessive correction. Bitcoin has only retreated to last week's level. Since Trump's election, the market has become extremely overbought and leveraged, so a pause is inevitable.

  • Cointime July 7th News Express

    1, Ethereum L2 TVL rebounds slightly to above $39 billion

  • Binance: Bitcoin miners record longest streak of net selling since 2017

    Binance released its market insights for July, including:

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