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Crypto Evening Briefing: S Korean MPs to Create Law that Distinguishes CBDCs from Crypto

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S Korean MPs 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.

CFTC Proposes Reducing Anonymity to Manage Risks

The commissioner of the Commodity Futures Trading Commission (CFTC), Christy Goldsmith Romero, has proposed reducing the anonymity of cryptocurrencies as a means of managing the risks associated with digital assets. The statement was made during the keynote speech on Illicit Finance and Other Key Risks of Digital Finance at City Week 2023 in London on April 25.

Do Kwon Seeks SEC Charges Dismissal As S.Korea Rules LUNA As Non-Security

Do Kwon, the co-founder and CEO of Terraform Labs, has asked for the dismissal of the charges against him by the SEC, arguing that the agency's claims are invalid and that Terra's tokens and projects do not specifically target US investors.

Genesis Creditors Reject Previously Agreed Bankruptcy Restructuring Plan, DCG Says

A group of Genesis Capital's creditors has rejected the restructuring deal agreed in February, leading parent company Digital Currency Group (DCG) to say that the bankruptcy process will be prolonged.

Visa Announces Ambitious Crypto Product Roadmap Tapping on Ethereum Network

Visa is reportedly hiring senior software engineers to help build scalable Web 3.0 products and drive mainstream adoption of public blockchain networks and stablecoin payments. 

Market Watch 

As of press time, according to Cointime data:

BTC 's live price is $27,376.69 USD, dropped by 0.51% in the last 24 hours;

ETH’s live price is $1,824.01 USD, dropped by 1.78% in the last 24 hours;

BNB’s live price is $330.64 USD, dropped by 0.56% in the last 24 hours;

XRP's live price is $0.4577 USD, dropped by 1.40% in the last 24 hours.

Fundraising News

DeFi Protocol DFlow Raises $5.5M to Bring Purchase Order Flow to Crypto

DeFi protocol DFlow has raised $5.5 million in a financing round led by Framework Ventures, with participation from Coinbase Ventures, Circle Ventures, and others. 

Mesh Parent 42Markets Group Secures Investment From Convergence Partners Digital Infrastructure Fund

42Markets Group, the financial and capital markets fintech incubator and investment group, has secured R182 million ($10m) in growth funding from Convergence Partners, a leading private equity investor dedicated to the technology sector across sub-Saharan Africa, after it recently closed its Convergence Partners Digital Infrastructure Fund (CPDIF) at $296 million.

EdTech Startup TinyTap Raised $8.5 Million for Staff Expansion and Product Development

Educational technology startup TinyTap, a subsidiary of Animoca Brands, has raised $8.5m in funding for staff expansion and product development.

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.

Libraro Raises £2M for Blockchain Book Publishing Platform

Libraro, a blockchain startup, has secured £2m equity funding for its platform that connects publishing houses and literary agents with new writing projects.

SoftBank Capital Group of the United States Has Completed a Seed Round Investment in the AI World Foundation

The Ai World Foundation has received seed round investment from Softbank Capital Group of the United States.

ARPA Network Secures Investment From DWF Labs to Fuel Growth of Decentralized Computing Solutions

ARPA Network has announced a multimillion-dollar strategic investment from DWF Labs to transform the blockchain landscape and usher in new standards of privacy, security, and fairness.

Cathie Wood’s Ark Invest Buys $8.6 Million in Coinbase Stock As Crypto Exchange Sues SEC

Ark Invest, run by CEO Cathie Wood, purchased more shares in Coinbase Global Inc. on the same day the US-based crypto exchange announced it was suing the Securities and Exchange Commission. The ARK Innovation ETF purchased 122,083 shares, the ARK Next Generation Internet ETF added 20,327 shares, and the ARK Fintech Innovation ETF bought 14,633 shares, totaling nearly $8.6 million at current prices.

Flappy Moonbird Raised $2 Million in Pre Series B Led by FBG Capital

Flappy Moonbird raised $2 million in Pre Series B led by FBG Capital at a $60m valuation. 

Bitcoin Bitcoin $61,690.88
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