Cointime

Cointime

Download App
iOS & Android

Celsius Examiner Reveals Astonishing Facts; South African Retail Giant Accepts Bitcoin | Cointime Weekly Jan.29 – Feb.04

Top stories

Celsius Independent Examiner Reveals Astonishing Facts

Big Moves From Cypto Giant Binance

Bankcruptcy, Shut Down and Layoffs...

Global regulations

South African Retail Giant Accepts Bitcoin

Pick N Pay, a leading South African grocery retail giant, has started accepting Bitcoin and lightning payments at all its 1,628 outlets. Customers are expected to have a standard Bitcoin Lightning Wallet.

White House Publishes 'Roadmap' to Mitigate Crypto Risks

The roadmap calls for authorities to “ramp up enforcement where appropriate” and Congress “to step up its efforts” to regulate the crypto sector.

UK Treasury Publishes Crypto Framework Paper

The extensive 80-page document covers a broad range of topics, from the troubles of algorithmic stablecoins to nonfungible tokens (NFTs) and initial coin offerings (ICOs).

India Reveals IMF is Working With G-20 for Crypto Regulations

India's position on whether crypto is legal or not has been completely clear since it imposed stiff taxes in 2022 but didn't declare it as legal.

Hong Kong to Regulate Stablecoins With a Risk-Based Approach

The regulator’s decision stemmed from feedback received from a discussion paper released to the public on crypto-assets and stablecoins.

South Korea To Deploy Cryptocurrency Tracking System in 2023

The ‘Virtual Currency Tracking System’ will be used to monitor transaction history, extract information related to transactions and check the source of funds before and after remittance, according to local media outlet khgames.

Crypto weekly price action

Cryptocurrency Prices Heat Map in 7 Days, Source COIN360

Research and technology

Different Types of Zero-Knowledge Proofs

This article aims not to go in-depth from a technical, cryptographic perspective but more from an application level to expand on the differences between the major implementations of zero-knowledge proofs.

How to Build an NFT Minting Platform

Creating an NFT minting platform is a complex process that requires knowledge of smart contract development, blockchain technology, and web development. However, with the right tools and resources, it can be done.

Crypto Money Laundering Trends in 2022

Money laundering activity is highly concentrated to just a few services. Let’s look at some of the money laundering trends we saw in 2022.

Blockchain 2022 Review & What’s Next in 2023

We have selected the top 10 Blockchain events and developments of 2022, followed by our outlook for the key trends in 2023.

Fundraising and investment

Google Invests $300Mn in AI Start-Up Anthropic

Anthropic has developed an intelligent chatbot called Claude, rivalling OpenAI’s ChatGPT, though it has not yet been released publicly.

Bitcoin Miner TeraWulf Raises $32 Million

Following the deals, the company expects to achieve free cash flow. It will use the net proceeds to build out its facilities in New York and Pennsylvania and for other general purposes.

Fastex Raised $23.2 Million After Sale of Fasttoken

More than 100 game companies have already collaborated with Fastex, and FTN will be a key component in powering their GameFi offerings.

BlockJoy Secures Nearly $11 Million in Seed + Series A

The funding will be used to support the launch of BlockVisor, the company’s patented node management software, which is now open for beta sign-ups.

Blockchain Security Firm Sec3 Raises $10 Million in Seed Funding

Multicoin Capital led the round, with Sanctor Capital and Essence VC participating. Several angel investors, including Santiago Santos, a former ParaFi Capital partner, and Anatoly Yakovenko, co-founder of Solana, also joined the round.

Viral Quotes

“A cryptocurrency is not a currency, not a commodity, and not a security. Instead, it’s a gambling contract with nearly 100% edge for the house”

— Charlie Munger, Warren Buffett’s business partner 

“We are in a world in which money as we know it is in jeopardy. We are printing too much, and it's not just the United States, it is all the reserve currencies.”

— Ray Dalio,  Billionaire investor

“Apple had a problem with crypto from day one. They thought it was a Ponzi scheme”

— Phillip Shoemaker, Ex-App Store Director

“People living in emerging markets with hyperinflation need a fall back option and an insurance policy. They need Bitcoin”

—  Cathie Wood, Founder of ARKinvest

Binance Celsius google Bitcoin
Comments

All Comments

Recommended for you

  • Spot Gold Falls Below $4,050/Ounce for the First Time Since August 4

    Spot gold has fallen below $4,050 per ounce for the first time since August 4, with a daily decline of 2.19%.

  • Nasdaq Opens Down 1.55%, Meta Falls Over 4%

    U.S. stock indices opened lower, with the Dow Jones down 0.44%, the S&P 500 down 0.91%, and the Nasdaq Composite down 1.55%. Chip equipment manufacturer Lam Research provided a disappointing earnings outlook, causing its stock to open down over 9%. Following a reduction in spending plans, Tesla's stock fell by 2.8%. Meta dropped over 4%, with the company's future spending commitments totaling $825 billion. IBM also fell over 4%, reporting third-quarter revenue of $17.1 billion, a 4.7% year-over-year increase.

  • DeepSeek Raises Financing Target from 50 Billion to 100 Billion Yuan, Potentially Paving the Way for Sci-Tech Board IPO

    On October 22, market sources reported that domestic large model company DeepSeek plans to raise approximately 100 billion yuan (about 15 billion USD) in its latest financing round. Tencent and CATL are the largest investors in this round, with the transaction expected to be officially completed in the coming days. As of now, neither DeepSeek nor the related investors, including Tencent, have publicly responded. Journalists have cross-verified the information with multiple sources close to the company and investors, confirming its accuracy. Sources revealed that the initial fundraising target was set at 50 billion yuan, which has since been raised multiple times to approximately 100 billion yuan, although it has not been officially announced and the final amount is still not fully determined. The funds will continue to be used for model training, computing power construction, and talent recruitment to support DeepSeek's participation in global competition. Some sources also speculate that this round of financing will pave the way for the company's upcoming IPO on the Sci-Tech Board. (Shanghai Securities Journal)

  • Ethereum Researchers Propose Reducing Final Transaction Confirmation Time from 16 Minutes to Approximately 4 Minutes

    On October 22, Ethereum researchers proposed a draft for a rapid finality mechanism aimed at reducing the final transaction confirmation time from the current approximately 16 minutes to about 4 minutes, targeting an enhancement of around 4 times. The draft was submitted on Wednesday by Ben Edgington, the coordinator of the rapid finality research, and is still in the early stages, with no activation timeline determined yet. The proposal plans to split the validator voting for determining new blocks and finalizing historical blocks into two separate mechanisms, allowing for a faster pace of finality.

  • Visa Negotiates Acquisition of Fireblocks Valued at Approximately $2.5 Billion

    On October 22, Bloomberg reported that Visa is in talks to acquire the cryptocurrency custody infrastructure company Fireblocks, with a transaction valuation of approximately $2.5 billion. If the deal is finalized, it will further expand Visa's presence in the digital asset custody and blockchain payment infrastructure sectors. This information is yet to be confirmed, and specific terms and progress of the acquisition negotiations have not been disclosed.

  • US Spot Ethereum ETF Sees Net Inflow of $14.98 Million Yesterday

    On October 22, according to monitoring by Trader T, the US spot Ethereum ETF recorded a net inflow of $14.98 million yesterday.

  • Sonic to Transfer 13 Million S Tokens via Strategic OTC Agreement in Next 24 to 48 Hours

    On October 22, Sonic announced on the X platform that approximately 13 million S tokens will be transferred in the next 24 to 48 hours under a strategic over-the-counter (OTC) agreement. The counterparty is a long-term partner of Sonic, and both parties will collaborate to expand Sonic's reach and enhance user engagement through the partner's network.

  • Bank of Korea Maintains Interest Rate as Expected

    On October 22, the Bank of Korea kept the policy interest rate unchanged at 3%, in line with market expectations. Previously, South Korea raised interest rates in consecutive meetings in July and August.

  • U.S. Treasury Secretary Becerra: GENIUS Act Establishes Federal Regulatory Framework for Stablecoin Payments

    U.S. Treasury Secretary Scott Becerra stated that the GENIUS Act is a milestone in the American financial sector, further solidifying the U.S. position as a global cryptocurrency hub. He compared the bill to the National Currency Act signed by President Lincoln in 1863, asserting that it establishes a federal regulatory framework for stablecoin payments in the digital age. Becerra also mentioned that the final rules issued by the Office of the Comptroller of the Currency (OCC) will facilitate the implementation of the bill, providing a clear and pragmatic institutional foundation for private sector innovation, market competition, and maintaining U.S. leadership in the digital asset space.

  • Kalshi to Support Crypto Asset-Backed Loans for Perpetual Futures Margin

    Prediction market platform Kalshi has reached a new arrangement with crypto asset custodian BitGo, allowing certain clients to use their custodial crypto assets as collateral for loans, which will be used for margin in leveraged perpetual futures trading on the Kalshi exchange. This arrangement is aimed at clients of Kalshi Prime, a futures commission merchant registered in the U.S. It employs a tri-party collateral management structure. Loans will be provided by its affiliated lending company, Kalshi Katalyst, with collateral assets held at BitGo Bank & Trust. Eligible collateral assets include Bitcoin, Ethereum, and stablecoins deemed compliant with the GENIUS Act, with plans to integrate additional custodians in the future.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company