Cointime

Cointime

Download App
iOS & Android

Binance.US Backs Out of $1B Voyager Asset Purchase Deal; OpenAI Closes $10B Funding Round | Cointime Weekly Apr.23 – Apr.29

Top stories

Binance.US Backs Out of Voyager Asset Purchase Deal

Voyager said on April 25 that Binance.US no longer intends to go through with the purchase of its assets. 

Voyager's attorneys said they were taken by surprise when Binance.US canceled a $1 billion deal to buy its assets on Tuesday, as the exchange was still showing interest as recently as last week.

Binance.US cites the hostile and uncertain regulatory climate in the United States as the main reason to terminate the asset purchase agreement

Binance, FTX Plans To Restart Japanese Exchanges

Binance, the world's largest cryptocurrency exchange by trading volume, is set to launch a new service in Japan in June, after acquiring regulated crypto exchange Sakura Exchange BitCoin (SEBC) last year.

Bankrupt crypto exchange FTX confirms that it has postponed the potential sale process of its Japanese subsidiary in order to explore reopening the exchange. 

Visa to Develop Brazilian Blockchain-powered CBDC Project

The payments giant Visa has unveiled a new blockchain and central bank digital currency (CBDC) project in Brazil. Per the Brazilian media outlet Livecoins, the firm was selected by the Brazilian central bank to “explore” “innovative” on blockchain technology-powered “usage cases” for the prototype digital real.

PayPal Subsidiary Venmo To Introduce Cryptocurrency Transfers

Venmo soon will allow users to transfer their Bitcoin, Ethereum, Litecoin, and Bitcoin Cash to outside wallets—as well as to other users of the popular payment app.

The feature will roll out starting in May, according to a statement from PayPal, which acquired Venmo in 2013. Users can also transfer crypto to their wallets at PayPal, which released a similar ability in 2022.

Mirror Trading's CEO Fined $3.4B by U.S. in Bitcoin Forex Fraud Case 

A South African executive has been ordered by a US judge to pay a record-breaking sum of over $3.4 billion in fines and restitution for his role in a Bitcoin-related fraud scheme. This action is the largest fraudulent scheme involving Bitcoin charged in any US Commodity Futures Trading Commission(CFTC) case.  

Global regulations

Hong Kong Reminds Local Banks No Ban on Crypto Firms

Hong Kong's central bank, the Hong Kong Monetary Authority (HKMA), has reminded banks that they can provide banking services to virtual asset (VA) companies, as some businesses have complained about the difficulty of opening bank accounts in the jurisdiction.

S Korean to Create Law that Distinguishes CBDCs from Crypto

South Korea is reportedly moving closer to launching a central bank digital currency (CBDC), with a new draft law set to create legal terminology for CBDCs.

Russia to Work With Digital Currencies of Other Nations

The digital ruble platform being developed by the Bank of Russia will have the capability to interact with other state-issued digital currencies, according to the central bank.

Chinese City Public Servants to Receive Digital RMB Salaries From May

All civil servants in the Chinese city of Changshu will receive their full salaries in digital RMB or digital yuan starting from May 2023, according to a notice issued by local authorities. 

WEF Recognizes Bitcoin Mining’s Economic and Environmental Benefits

The World Economic Forum (WEF) has shifted its stance on Bitcoin mining, recognizing the economic and environmental benefits of the industry. In a recent video, the WEF highlighted how companies like Crusoe Energy are using excess natural gas from energy operations to power data centers and crypto mining operations.

Crypto weekly price action

Fundraising and investment

OpenAI Closes Its Monster $10B Funding Round at a $27B-29B Valuation

VC firms including Tiger Global, Sequoia Capital, Andreessen Horowitz, Thrive and K2 Global are in the round.

GEM Increases Investment Commitment in Everdome Metaverse to $60 Million

Bahama-based digital assets investment firm GEM Digital Limited (GEM) has increased its investment commitment in UAE-based metaverse startup Everdome from $10 million to $60 million.

Zodia Custody, Standard Chartered’s Crypto-Focused Unit, Raises $36 Million

Zodia Custody, a crypto-focused subsidiary of Standard Chartered, has raised $36 million in funding from SC Ventures and SBI Holdings, among other investors, as it pursues international expansion.

iZUMi Finance Secures $22 Million To Launch on zkSync Era

iZUMi Finance, a Liquidity-as-a-Service (LaaS) decentralized finance (DeFi) protocol, has made public their announcement that they have successfully completed a fundraising round totaling $22 million.

DeFi Protocol Thetanuts Finance Raises $17M for Expansion

Thetanuts Finance, a multi-chain structured products protocol, has closed a $17 million funding round led by Polychain Capital, Hyperchain Capital, and Magnus Capital. 

Research and technology

Step-by-Step Guide to Asset Tokenization

In this article, we’ll explore the potential of asset tokenization and provide an overview of how to create tokenized assets.

Diamond Proxy Contracts: Best Practices

In this article, we introduce another proxy pattern that has gained traction in the developer community, the Diamond proxy pattern.

The State of Web3 Regulations

With peer-to-peer and decentralized features that move data control to users and eventually do away with platform / third-party intermediation, Web3 is a new call for industries today. Read on Web3 and its Current Trends to Watch.

A Guide On NFT Game Marketing Tactics And StrategiesNFT games have become a new and exciting way to combine gaming and blockchain technology. However, like any other gaming product, NFT games require effective marketing tactics and strategies to reach a wider audience and build a strong community.

Viral Quotes

“We’re not born human, we become human… and they (Artificial Intelligence) can become better than human, but we have to teach them.”

–  Edward Snowden, Freedom of the Press Foundation President

“Joe Biden has led us to the very brink of World War III. I’m not predicting World War III but I will say this, we are very close.”

–  Donald Trump, Former President of U.S.

"SBTs are largely a fraudulent meme."

– Daniel Buchner, Block’s Head of Decentralized Identity

Binance Binance.US Binance US FTX Japan FTX PayPal Visa CBDCs
Comments

All Comments

Recommended for you

  • The Ethereum network has currently destroyed more than 4.29 million ETH

    According to Ultrasound data, as of now, the Ethereum network has destroyed a total of 4,290,622.06 ETH. Note: Since the introduction of EIP-1559 in the Ethereum London upgrade, the Ethereum network will dynamically adjust the BaseFee of each transaction based on transaction demand and block size, and this portion of the fee will be directly burned and destroyed.

  • Türkiye prepares new encryption law to align with international standards

    Turkey is preparing to submit a new law to regulate cryptocurrency assets to the parliament. The law aims to align with international standards, reduce risks associated with cryptocurrency transactions, and implement strict regulation of cryptocurrency trading platforms by the Capital Markets Board. It will also ensure the safekeeping of assets, establish transparent platforms and customer relationships, and clearly define sanctions for non-compliant behavior. The legislative proposal is expected to be submitted to the parliament within a week.

  • Ripple CEO: The US government’s next target is Tether

    Ripple CEO Brad Garlinghouse recently stated in an interview that the next target of the US government is Tether, the stablecoin company responsible for the circulation of USDT. Some experts believe that Garlinghouse's statement is a very big insider report, and if it really happens, there will be a huge selling pressure in the USDT stablecoin market. In this case, the value of USDT will experience a significant decline.

  • Cointime May 12 News Express

    1.The number of Bittensor subnets for the AI ​​project will increase to 64, and 1024 subnets will be achieved this year2.Trader predicts Bitcoin price will reach $350,0003.vladilena.eth redeemed 1930 weETH from Zircult, suspected of selling4.Solana’s on-chain DEX transaction volume yesterday exceeded the sum of five chains including Ethereum, BSC, and Arbitrum5.RSS3 VSL locked-in amount surged in the past two days and is close to 200 million US dollars 6.The transaction volume of Club Key on friend.tech platform exceeded 1 million7.Lido has paid out more than 516,000 ETH in staking rewards, equivalent to approximately $1.51 billion8.1,000 BTC transferred from TronDAO to an unknown new wallet9.Report: Justin Sun deposited 120,000 eETH into Swell L2, worth $376 million10.1707.36 BTC have flowed out of Binance in the past 7 days

  • Xinjiang launches special campaign to combat illegal fundraising, with key areas including virtual currency, blockchain, etc.

    According to Chang'an Xinjiang Public Account, Xinjiang Autonomous Region and Corps have launched a joint special action to crack down on illegal fund-raising, with key areas including third-party wealth management, fake private equity, fake gold exchange and other traditional fields, as well as emerging fields such as virtual currency, blockchain, cultural tourism, film and television investment, and debt resolution services. It is reported that key cases include cases involving more than 100 million yuan and cases that have been criminally filed for more than five years.

  • A British court has postponed the final sentencing of Wen Jian, a British-Chinese national involved in the country's largest Bitcoin money laundering case, until May 24.

    On May 11th, it was reported that Jian Wen, a 42-year-old British Chinese citizen, was found guilty of "participating in arranging money laundering" in the UK's largest Bitcoin money laundering case. He could be sentenced to up to 14 years in prison. Jian Wen's defense lawyer, Mark Harries, stated that due to the judge's busy schedule, the UK court has postponed Jian Wen's final sentencing, which was originally scheduled for May 10th, to May 24th.

  • Web3 startup Star Nest completes $6 million in Pre-A round of financing

    Hong Kong Web3 music startup Star Nest announced that it has completed a $6 million Pre-A round of financing, led by Chuangqi International Limited, a wholly-owned subsidiary of Hong Kong Stock Exchange-listed company Guofu Innovation. Star Nest will collaborate with Armonia Meta Chain to develop the Star Nest SpaceStar metaverse game, which includes music, role-playing, and social features.In addition, Star Nest plans to launch its NEST project in the third quarter of 2024. Nest will receive 2.1 billion NEST tokens tailored for the project, and Star Nest will use the NEST token to build a more complete music industry token economic system. The NEST token will be widely used for purchasing performance tickets, chain game cooperation, metaverse consumption, governance voting, and other activities.

  • Over $594 million worth of PYTH is staked

    According to Dune data,  there are currently 1,201,167,362 PYTH tokens in the staked state, with a total staked value exceeding $594 million. The number of PYTH stakers has reached 151,211.

  • US Department of Justice: Tornado Cash indictment has nothing to do with "free speech"

    On May 11th, the US Department of Justice explained why the motion to dismiss the criminal case against Tornado Cash founder Roman Storm was invalid. The Department of Justice reiterated that their indictment was not related to whether the Tornado Cash computer code had freedom of speech or was protected by the First Amendment of the Constitution. The defendant was not charged for publishing computer code, but for using it to facilitate profitable illegal activities.

  • USDC circulation decreased by $100 million in the past week, with a total circulation of $33 billion

    According to official data，as of May 9th, Circle has issued approximately $2 billion USDC and redeemed approximately $2 billion USDC in the past 7 days, with a decrease in circulation of approximately $100 million. The total circulation of USDC is $33 billion, with a reserve of $33.1 billion, including approximately $3.3 billion in cash and Circle Reserve Fund holding approximately $29.8 billion.

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