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Crypto Morning Briefing: Binance Adds 11 Tokens to PoR, Claims $63B in Reserves

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Amazon NFT Marketplace Speculations Heighten: New Reports Say It Could Go Live on April 24

Having the world’s largest e-commerce platform, Amazon, launching a marketplace for trading non-fungible tokens, or distributing NFTs, has been a subject of speculation in the crypto space for quite some time. The speculations have been increasing, with sources claiming it could be as soon as next month.

Binance Adds 11 Tokens to PoR, Claims $63B in Reserves

According to an announcement on Mar. 7, cryptocurrency exchange Binance has added an additional 11 tokens to its proof-of-reserves (PoR) report. These include MASK, ENJ, WRX, GRT, CHR, CRV, 1INCH, CVP, HFT, SSV, and DOGE. With the latest update, Binance says it now has over $63 billion across 24 assets in its proof-of-reserves system. The largest assets on the exchange include Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), with $12.7 billion, $7.1 billion, and $16.3 billion in net customer balances, respectively.

South Korean Police Form New Crypto Scam-fighting Cybercrime Taskforce

South Korean police have announced that they will launch a new crypto scam-busting cybercrime taskforce.

CoinGate Now Supports Binance Pay on Its Payment Processing Service

The renowned cryptocurrency payment processor, CoinGate, has announced that it has allowed companies to accept payments from users of the Binance Pay platform.

WeChat Integrates Digital Yuan Into Its Payment Platform

WeChat, China’s leading social networking and payment app, has added the country’s central bank digital currency (CBDC), to its payment services, according to reports in local media. The move aims to help broaden the appeal of the digital yuan.

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $22,037.03 USD, dropped by 1.51% in the last 24 hours;

ETH’s live price is $1,547.28 USD, dropped by 0.97% in the last 24 hours;

BNB’s live price is $286.59 USD, dropped by 0.20% in the last 24 hours;

XRP's live price is $0.38 USD, jumped by 2.30% in the last 24 hours.

Fundraising News

Web3 App Kresus Raises $25M To Bridge Consumers to Blockchain

Web3 app developer Kresus has closed a $25 million funding round to support the development of its so-called SuperApp, potentially opening the door to broader consumer adoption of digital assets.

Former Riot Games Leads Launch the Believer Company Studio With $55 Million in Funding

A couple of former major players at Riot Games that left the League of Legends developer have gone on to launch their own new studio in The Believer Company today. The studio launched with a secured $55 million USD in funding and is said to be putting that funding to work on an open-world multiplayer project set in a new IP. The new studio is also hiring to pursue its vision.

Rebel Girls Announces $8 Million Series A, Metaverse Expansion

On Monday the girl-centered media brand Rebel Girls announced an $8 million Series A funding round led by publishing giant Penguin Random House that will help the company expand to television, theater, and even the metaverse.

Redemption Games Spins Out of AppLovin and Raises $7M

Redemption Games has spun out of AppLovin and it has raised a new round of $7 million as an independent game studio.

Chapel Hill Investment Firm TrueBridge Launches Blockchain Fund, Seeks $125M

CHAPEL HILL – TrueBridge Capital, led by veteran investors Mel Williams and Edwin Poston, are raising a new fund targeting blockchain.

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