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 $64,344.96
+1.42%
FTX Coinbase EU
Comments

All Comments

Recommended for you

  • Scammers use Google to promote fake Whales Market website to steal cryptocurrency

    According to a report from BleepingComputer, threat actors have discovered a method where scammers use Google's platform to promote phishing websites impersonating Whales Market in order to steal cryptocurrency. These fraudulent websites are placed as sponsored links (i.e. advertisements) at the top of Google search result pages, and despite the domain address displayed on the search result page appearing to be real, users will be redirected to the fake website upon clicking.

  • Cyvers: Hedgey suffered the same vulnerability on Arbitrum and lost about $42.8 million

    Cyvers Alerts on X platform stated that the system detected that the financial derivative agreement Hedgey Finance executed the same vulnerability on the ARB chain and gained approximately 42.8 million US dollars in profit.

  • Tether issues 1 billion USDT on Ethereum (authorized but not yet issued)

    Whale Alert has monitored Tether Treasury's addition of 1 billion USDT on Ethereum. Tether CEO Paolo Ardoino stated that this 1 billion USDT is a supplement to Ethereum inventory. This is an authorized but unissued transaction, which means that this issuance will be used for the next issuance request and cross-chain exchange inventory.

  • CertiK: Hedgey vulnerability was exploited and $1.9 million was stolen

    CertiK Alert posted on social media that it has detected that the on-chain token infrastructure protocol Hedgey has been exploited and stolen approximately 1.9 million US dollars.The attacker abused the createLockedCampaign function in flash loans to obtain approval for the use of tokens on the victim's contract. The USDC, NOBL, and MASA tokens in the victim's contract have been depleted.

  • Binance executives' bail application postponed again, still in custody

    The bail hearing for Binance executive Tigran Gambaryan has been postponed again by a Nigerian court, and he remains detained at the Kuje Correctional Center. The hearing is now scheduled for April 22, with the EFCC requesting time to respond to new arguments from the defense. Gambaryan's lawyer criticized the prosecution for failing to respond promptly. Binance has been accused of concealing the source of its income, while Gambaryan is accused of money laundering. In addition, he has also filed a lawsuit against the government for violating his human rights.

  • BTC breaks through $64,000

    The market shows BTC breaking through $64,000, now reporting at $64,012.44, with an intraday increase of 4.95%. The market fluctuates greatly, so please be prepared for risk control.

  • SEC accuses Justin Sun of frequent trips to the U.S. to sell tokens

    The US SEC has amended its lawsuit against Tron founder Sun Yuchen, stating that his frequent travel to multiple locations in the US allows the court to have corresponding jurisdiction. The SEC accuses Sun Yuchen and his company of selling unregistered securities through Tron and BitTorrent (BTT) tokens and engaging in manipulative money laundering transactions. The SEC claims that Sun Yuchen spent more than 380 days in the US from 2017 to 2019, with travel destinations including New York, Boston, and San Francisco. Sun Yuchen argues that the token sales were conducted entirely overseas, avoiding the US market, and therefore the SEC has no jurisdiction over him and the Tron Foundation, which is headquartered in Singapore. (Cointelegraph)

  • Cyvers Alerts: Multiple phishing transactions detected this morning

    Cyvers Alerts reported on X platform that multiple phishing transactions were discovered by the system this morning. The victims have approved the external owned accounts (EOA) of the phishers. We strongly recommend revoking the relevant approvals.

  • BTC breaks through $63,000

    The market shows BTC has broken through $63,000 and is currently trading at $63,062.48, with an intraday increase of 3.53%. The market is volatile, so please be prepared for risk control.

  • CZ: Bitcoin halving is different from stock split, happy halving

    CZ wrote on X platform that Bitcoin halving is different from stock splitting. The fact that people are asking such questions shows that we are still in the early stages. He then attached a picture to explain his views on what might happen before and after the Bitcoin halving in 2023, and said "happy halving!"

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company