Cointime

Cointime

Download App
iOS & Android

Crypto Evening Briefing: FTX Negotiates for Return of $400 Million From Modulo Capital; EU Now Accepting Applications for its Blockchain Regulatory Sandbox

Cointime Official

Top Stories

FTX Negotiates for Return of $400 Million From Modulo Capital

The founders of Modulo, which has drawn scrutiny from prosecutors investigating FTX’s implosion, are now negotiating the return of the funds with bankruptcy lawyers representing the exchange, said two of the people, who were not authorized to speak publicly. There is no indication that the Modulo founders did anything wrong, and they are looking for FTX to release them from certain legal liabilities in exchange for returning the money, one of the people said.

Coinbase CEO Busy Selling Stock to Fund His Other Startups

Coinbase CEO Brian Armstrong is well on his way to fulfilling a pledge to sell company stock to fund his new ventures. Last October, Armstrong promised to sell 2% of his total Coinbase stake over the next year, with proceeds going to projects like life extension unit NewLimit and science startup Research Hub, both of which he co-founded.

Sequoia Capital, Paradigm Among VCs Facing “Tricky” FTX Investor Lawsuit

A Feb. 15 Bloomberg report revealed a class-action suit filed Feb. 14 by FTX investors against venture capital firm Sequoia Capital and private equity firms Thoma Bravo and Paradigm. The firms were accused by the investors of touting “their own investments” of hundreds of millions of dollars in FTX.

EU Now Accepting Applications for its Blockchain Regulatory Sandbox

The European Union's executive arm on Tuesday launched a regulatory sandbox for innovative applications of distributed ledger technologies (DLT) that underline crypto.

China Telecom and Conflux Network To Pilot Blockchain Enabled SIM Card in Hong Kong

Today China Telecom and Conflux Network announce a partnership to bring Blockchain SIM cards (BSIM) to market. The entry-level Web3 product will be the largest blockchain hardware product ever seen globally, involving the most users and applications. China Telecom will launch the first BSIM pilot program in Hong Kong later this year. 

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $22,716.68 USD, jumped by 4.65% in the last 24 hours;

ETH’s live price is $1,579.73 USD, jumped by 4.60% in the last 24 hours;

BNB’s live price is $303.92 USD, jumped by 3.24% in the last 24 hours;

XRP's live price is $0.3877 USD, jumped by 4.76% in the last 24 hours.

Fundraising News

Ironblocks Raises $7 Million To Build Blockchain Cybersecurity Platform

Tel Aviv-based cybersecurity startup Ironblocks has raised a $7 million seed round to build a blockchain-native cybersecurity platform. The round is co-led by Collider Ventures and Disruptive AI. Other investors include ParaFi, Samsung Next and Quantstamp, as well as angel investors such as the former chief technology officer of Coinbase Balaji Srinivasan and Simplex co-founder Nimrod Lehavi, said a company release.

NFEX Raises $3M Seed Round to Build NFT Derivatives DEX

NFEX has completed a $3 Million seed round led by ABCDE Capital and included investment from other well-known institutions including Amber Group and Firestone Ventures. NFEX strives to build the best derivative NFT market, creating new opportunities to attract greater liquidity to the NFT marketplace.

Nomura’s Laser Digital Invests in DeFi Protocol Infinity Exchange

Laser Digital, the crypto subsidiary of Japanese financial services giant Nomura, invested in Infinity Exchange, a decentralized finance (DeFi) protocol for institutional lending and borrowing.

The NFT Gaming Company, Inc. Announces Pricing of $7 Million Initial Public Offering

NFT Gaming, a company developing a digital gaming platform and community that will offer users the ability to mint unique avatars playable in all of the games on the platform in the form of NFTs, today announced the pricing of its initial public offering of 1,686,747 shares of common stock (the “Common Stock”) at a public offering price of $4.15 per share of Common Stock, for aggregate gross proceeds of approximately $7 million, prior to deducting underwriting discounts, commissions, and other offering expenses and excluding any exercise of the underwriters’ option to purchase any additional securities as described herein.

Creditcoin Has Secured an Investment From DWF Labs

Creditcoin, an interoperable public credit bureau built on a public blockchain, has secured an investment from international Web3 investment firm, DWF Labs. The investment will help accelerate Creditcoin’s global adoption by various financial institutions and protocols that are seeking to build the future of credit on-chain through DWF’s existing ecosystem of investment partners.

Get the latest news here: Cointime channel — https://t.me/cointime_en

Bitcoin Bitcoin $82,787.51
+0.32%
FTX Coinbase EU
Comments

All Comments

Recommended for you

  • Robinhood Crypto Explores Launching Stock Tokens with T. Rowe Price Digital Assets

    On October 10, Robinhood Crypto is exploring the launch of stock tokens linked to actively managed ETFs on the Robinhood Chain in collaboration with T. Rowe Price Digital Assets, which manages assets worth $1.9 trillion. The partnership is in the exploratory phase, and the potential product launch requires legal due diligence, approval from the issuer's board, final terms announcement, and regulatory approval from relevant jurisdictions. There is currently no guarantee that the collaboration will proceed or that the product will be launched, and specific details regarding the format, timing, and applicable regions have yet to be determined.

  • NVIDIA Reportedly Halts Production of RTX 5090 High-End Gaming GPU in Favor of Expensive Professional Cards

    On October 10, NVIDIA may have ceased production of the most powerful consumer graphics card, the RTX 5090, reallocating its core chips to higher-priced professional graphics cards. Hardware leaker MEGAsizeGPU claims that all future production of the GB202 chip will be supplied exclusively to the RTX PRO series, with no further use for the RTX 5090. Another leaker, hongxing2020, shared what appears to be a factory notice indicating that the China-exclusive version is also included in the production halt. Both utilize the same series of GB202 chips, but there is a significant price difference: the RTX 5090, equipped with 32GB of memory, was initially priced at $1,999, while the RTX PRO 6000, aimed at AI development and design, features 96GB of memory and is listed at $16,000 on the official website, eight times the price of the former. The RTX 5090 has already been out of stock in the U.S. market, with third-party sellers previously listing it for $9,600. If the production halt is confirmed, consumers will only be able to rely on remaining inventory. Additionally, there are reports that NVIDIA is preparing to launch a 24GB version of the RTX 5080 to replace the RTX 5090 as the highest-end gaming graphics card, while the current RTX 5080 has only about half the CUDA cores of the RTX 5090, resulting in approximately 30% lower performance in 4K gaming.

  • Putin States Negotiations with Ukraine Currently Impossible

    On October 10, Russian presidential aide Ushakov provided details about the phone call between the leaders of Russia and the United States. Ushakov stated that during the call, Putin elaborated on the measures Russia has taken in response to the terrorist attacks carried out by the Ukrainian armed forces. Putin indicated that Ukraine is attempting to undermine the Russian State Duma elections and is attacking civilians, which has compromised the possibility of immediately resuming negotiations. He also noted that Ukraine's attempts to hinder the advance of Russian troops have no prospects for success, as the Russian military currently holds complete initiative on the battlefield and is continuing to advance. Putin emphasized that due to Ukraine's stance, particularly its efforts to disrupt the Russian Duma elections, it is currently impossible to resume negotiations with Ukraine. Trump has instructed that the message conveyed by Putin during the call be communicated to the Ukrainian delegation. Ushakov mentioned that there has been no specific discussion yet regarding a potential bilateral meeting between Putin and Trump.

  • Telegram Renames Gram Wallet to Money and Launches for All Users

    On October 9, Telegram officially renamed its previously limited-access wallet service 'Gram wallet' to 'Money' and launched it to over one billion users across the platform. 'Money' is an integrated wallet for the Gram token, supporting storage, transfers, and purchases of platform gifts and collectible usernames. Additionally, the accompanying trading platform 'Walt' offers services for over 300 assets, including tokenized stocks, precious metals, perpetual contracts, and wealth management projects. Users can make instant transfers from 'Walt' to the 'Money' wallet without incurring network fees. The official statement also cautions that investing in crypto assets carries associated risks.

  • Blockchain.com Seeks Approval for Prediction Markets and Cryptocurrency Derivatives Trading

    On October 9, the crypto asset platform Blockchain.com submitted an application to the U.S. Commodity Futures Trading Commission (CFTC) seeking to obtain licenses for a designated contract market (DCM) and a futures commission merchant (FCM) to offer event contracts (prediction markets) and cryptocurrency derivatives trading services to U.S. users.

  • US May Seize Approximately $1 Billion in Cryptocurrency Related to Iran This Week

    U.S. Treasury Secretary Bencet stated at the NPolicy Summit held by Newsmax in Washington on Thursday that we may seize $1 billion in cryptocurrency this week, adding, "We know where it is, and we are isolating them." Bencet noted that the Trump administration's approach to Iran has shifted from 'maximum pressure' to 'absolute isolation,' with measures including maritime blockades, restrictions on air travel, and the cutting off of land routes. The UAE and Oman are cooperating with the U.S., which is also working with Pakistan and Turkey to cut off all land routes in and out of Iran.

  • Zcash Development Team Plans to Introduce Quantum-Resistant Signatures in January

    The development team of the privacy cryptocurrency Zcash (ZEC) plans to introduce post-quantum signature opcodes to the network in January next year, supporting hash-based signature technology to defend against potential quantum computing attacks. This solution primarily targets the transparent (public) payment pool, where approximately 70% of ZEC is currently stored. Although the developers have set January as the target deadline, the specific network activation time has not yet been finalized. This upgrade aims to prevent attackers from using existing public keys to reverse-engineer private keys and forge payment authorizations. Additionally, the Zcash node validator Zakura has launched a wallet tool based on Private Information Retrieval (PIR), allowing users to query balances across multiple addresses without revealing the correlation between those addresses to the server. Previously, Ethereum researcher Justin Drake warned that artificial intelligence could accelerate the cracking of traditional encryption algorithms and urged cryptocurrency holders to prepare for potential security threats.

  • BTC Surpasses $83,000

    Market data shows that BTC has surpassed $83,000, currently priced at $83,017.3, with a 24-hour increase of 0.66%. The market is highly volatile, so please ensure proper risk management.

  • Central Committee and State Council: Comprehensive Implementation of 'AI+' Initiative

    On October 9, the Central Committee of the Communist Party of China and the State Council issued the 'Opinions on Developing New Quality Productive Forces.' The opinions mention the comprehensive implementation of the 'AI+' initiative. This includes promoting the transformation of traditional industries through artificial intelligence, accelerating the development of new-generation intelligent terminal applications such as smart connected new energy vehicles, AI smartphones and computers, and humanoid robots. It aims to speed up innovation in digital intelligence technologies like artificial intelligence, break through foundational theories and core technologies, and strengthen the efficient supply of computing power, algorithms, and data. The strategy involves tailored approaches based on local conditions and industry-specific policies to layout national pilot bases for AI industry applications and high-value application scenarios, vigorously promoting the application of AI across various sectors. Additionally, it emphasizes the establishment of a technology monitoring, risk warning, and emergency response system to ensure that artificial intelligence is safe, reliable, and controllable.

  • U.S. Government-Related Wallet Deposits 17,733 BTC and 750 WBTC to Coinbase Prime

    On October 9, according to monitoring by Lookonchain, wallets associated with the U.S. government have deposited 17,733 BTC (worth $1.48 billion) and 750 WBTC (worth $62 million) into Coinbase Prime over the past three days. According to tagging data from Arkham, these wallets currently hold cryptocurrency assets valued at $25.4 billion, with Bitcoin alone valued at $25.3 billion.

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