Cointime

Cointime

Download App
iOS & Android

Crypto Evening Briefing: Microsoft Kills Its Industrial Metaverse Team After 4 Months; Binance Deploys Zk-SNARKs on Proof-of-Reserves System

Cointime Official

Top Stories

Microsoft Kills Its Industrial Metaverse Team After 4 Months

In a surprising reversal, Microsoft has killed a team it formed four months ago to help customers use the metaverse in industrial settings, according to a person with direct knowledge of the matter. The group’s roughly 100 employees have all been laid off, the person said.

Binance Deploys Zk-SNARKs on Proof-of-Reserves System

Binance, the biggest centralized cryptocurrency exchange by volume, has added zk-SNARKs' zero-knowledge proof system to its proof-of-reserves (PoR) verification system to attest that funds held on the platform are backed 1:1. Currently, the PoR system supports verifying the exchange's reserves for 13 different crypto assets.

Coinbase Not Planning to Halt Staking Program Despite SEC Crackdown on Service

Coinbase, a leading cryptocurrency exchange based in San Francisco, has announced that it will not halt its crypto staking program despite reports of the SEC’s crackdown against crypto staking services in the U.S. The San Francisco-based exchange assured clients its staking program differs from Kraken’s. It added that the service does not constitute security.

Bank of England Mentions Ripple in Its Digital Pound Consultation Paper

Leading blockchain company Ripple has played significant roles in helping central banks in different parts of the world, including Bhutan. Following its considerable efforts towards the development of CBDC, Ripple was recently mentioned in the Bank of England (BoE) consultation paper on the digital pound, U.K.’s digital currency.

South Korea Sets Independent Sanctions for Crypto Theft Against North Korea

South Korea announced its first independent sanctions related to cryptocurrency thefts and cyber attacks against certain North Korean groups and individuals. According to Seoul's Ministry of Foreign Affairs, four North Korean individuals and seven businesses have been placed on a blacklist for their alleged involvement in cyberattacks and cryptocurrency theft, reported a local daily.

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $21,790.14 USD, dropped by 4.17% in the last 24 hours;

ETH’s live price is $1,539.96 USD, dropped by 5.97% in the last 24 hours;

BNB’s live price is $306.44 USD, dropped by 4.49% in the last 24 hours;

XRP's live price is $0.3839 USD, dropped by 2.73% in the last 24 hours.

Fundraising News

Bankrupt Crypto Lender Celsius Seeks to Raise $14M From Bitmain Mining Vouchers

Bankrupt crypto lender Celsius is hoping to raise more than $14 million by selling discount vouchers for mining company Bitmain before they expire as it seeks to restore funds to creditors. The deal includes coupons that offer buyers of mining rigs a 10%-30% discount on future purchases from Bitmain, the maker of the Antminer range, as well as the credits that accrue when purchasers pay by instalment.

NFT Launching Platform ManesLAB Announces Completion of $1.8 Million Seed Round

ManesLAB announces completion of $1.8 million seed round financing led by YZB Investment, NFT Project Weirdoghostgang will continue to incubate more Web3 native IP and blockchain applications in the future, Facilitate the integration of Web2 space and Web3 ecology.

Fibonacci Chain Received 10 Million USD Investment From American SoftBank Capital

American Softbank Capital, a leading venture capital firm, recently announced that it would lead the investment of 10 million dollars in the Fibonacci Chain. This investment will provide financial support for Fibonacci Chain, helping it make greater progress in technology research and development and market promotion. 

Crypto Exchange C3 Has Raised $6 Million in Seed Funding Led by Two Sigma Ventures

The crypto exchange C3 has raised $6 million in seed funding led by Two Sigma Ventures, the venture-capital arm of the hedge fund Two Sigma Investments. C3 lets retail investors keep custody of their crypto while giving traders sophisticated tools. Cofounder Michel Dahdah told Insider he's aiming to fix the flaws that led to FTX's collapse.

Bitcoin Bitcoin $65,703.29
-1.07%
Crypto Binance Coinbase SEC Ripple
Comments

All Comments

Recommended for you

  • Russian Foreign Minister Lavrov: Meeting with U.S. Secretary of State Rubio Scheduled for Tomorrow

    On July 22, Russian Foreign Minister Lavrov stated that the meeting with U.S. Secretary of State Rubio has been scheduled for tomorrow.

  • Supermicro Surges Over 14% Pre-Market as Q4 Gross Margin Doubles Guidance, New Orders Exceed $60 Billion

    On July 22, AI server manufacturer Supermicro (SMCI.US) surged over 14% in pre-market trading to $29.17. On the news, the company released preliminary results for the fourth fiscal quarter ended June 30. The company's GAAP and non-GAAP gross margins are expected to be between 15% and 17%, nearly double the previously guided range of 8.2% to 8.4%. Management attributed this better-than-expected performance to favorable customer structure and product mix. Meanwhile, the company's total new orders for the quarter exceeded $60 billion, a record high.

  • US Optical Communication Stocks Fall in Pre-market, Marvell Down Over 2%

    On July 22, US optical communication concept stocks fell collectively in pre-market trading, with Astera Labs, Coherent, Credo Technology, Ciena, AXT Inc, and MaxLinear falling more than 3%, and Fabrinet, Lumentum, Corning, Applied Optoelectronics, Tower Semiconductor, Marvell Technology, POET Technologies, and GlobalFoundries falling more than 2%.

  • US AI chip stocks fall pre-market, Intel down 3%

    On July 22, US stock market AI chip stocks generally fell before the market open, with Intel down 3%, TSMC, AMD, and Qualcomm down over 2%, Broadcom down nearly 2%, and NXP and Nvidia down over 2%.

  • Russia Develops 150nm Lithography Machine, Performance Comparable to Pentium 4 from 20 Years Ago

    On July 22, according to Fast Technology, Russia's Green City Nanotechnology Center (ZNTC) has successfully developed a prototype of an electron beam lithography machine (ELL) with a design standard of 150nm. The project is a key research and development task under the framework of Russia's national plan for scientific and technological development, codenamed Progress ELL 150. This device is mainly used for manufacturing photomasks, and can also directly draw circuit patterns on substrates without using masks. The 150nm process roughly corresponds to the performance level of Intel's Pentium 4 from 20 years ago. In 2025, ZNTC demonstrated a similar device with 350nm resolution, and has now advanced to 90nm and 130nm technology nodes. Industry experts point out that such equipment is only suitable for small batch production of specialized chips in fields such as aerospace and defense.

  • Beijing State-owned Capital: Nearly 10 Billion Yuan Allocated to Stock Market from Own Funds

    On July 22, Beijing State-owned Capital Operation and Management Co., Ltd. announced that, as of now, it has allocated nearly 10 billion yuan from its own funds to invest in the stock market. Going forward, the company will continue to support listed company stocks using its own funds and through its subsidiaries, including securities firms and public funds, while also backing the development of the Beijing Stock Exchange. Rooted in its functional role as a state-owned capital operator, the firm is committed to safeguarding the strategic value of core assets of listed companies and contributing to the stable and healthy growth of the capital market through concrete actions, as a state-owned enterprise based in Beijing. (Beijing State-owned Capital)

  • U.S. Stock Futures Fall, Major Indices Decline

    U.S. stock futures are lower, with Nasdaq 100 futures down 1%, S&P 500 futures down 0.4%, and Dow futures down 0.3%.

  • Japan's Two-Year Government Bond Yield Rises to 1.47%, First Time Since 1995

    Japan's two-year government bond yield rose to 1.47%, the first time since 1995.

  • WTI and Brent Crude Surge Over 4%

    On July 22, international oil prices surged rapidly. WTI crude oil futures rose over 4% to $87.77 per barrel; Brent crude oil futures rose over 4% to $94.71 per barrel.

  • Bank of Japan Reportedly Willing to Raise Rates Faster Than Once Every Six Months

    On July 22, the Bank of Japan is reportedly willing to raise interest rates at a pace faster than once every six months.

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