Cointime

Cointime

Download App
iOS & Android

Crypto Evening Briefing: Over $1 Billion of Ether Has Been Lost Forever Due to Bugs and Human Error

Cointime Official

Top Stories

Over $1 Billion of Ether Has Been Lost Forever Due to Bugs and Human Error

More than $1 billion of ether has been lost forever due to bugs and human error, according to research by Conor Grogan, director of product strategy and business operations at Coinbase. 

Coinbase Submits Petition To Explain to SEC That Staking Is Not Securities

United States-based crypto exchange Coinbase decided to communicate proactively on the topic of crypto staking, which had recently gained regulators’ attention. In its petition to the Securities and Exchange Commission (SEC), the company explains why staking can’t be universally labeled as securities.

Circle Applies for French Crypto License As Stablecoin Issuer Expands in Europe

Stablecoin issuer Circle has applied for a French crypto asset license as part of a wider growth strategy for Europe.

Coinbase: ChatGPT Doesn’t Meet Accuracy Requirements for Integration Into Security Review Process

Coinbase said it would not integrate the popular artificial intelligence tool ChatGPT into its security review process because it does not meet its accuracy requirements.

Celsius Lawyer and Advisor Fees on Track To Reach $144M, Community Responds

Crypto lender Celsius Network’s lawyer and advisor fees amid its bankruptcy proceedings are projected to reach $144 million, triggering responses from members of the crypto community. 

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $28,125.87 USD, dropped by 0.14% in the last 24 hours;

ETH’s live price is $1,771.06 USD, dropped by 1.46% in the last 24 hours;

BNB’s live price is $337.98 USD, dropped by 0.89% in the last 24 hours;

XRP's live price is $0.4072 USD, jumped by 6.52% in the last 24 hours.

Fundraising News

OP3N Raises $28M To Build ‘WhatsApp Meets Amazon’ for Web3

OP3N, a web3 AI-powered platform, raised a $28 million Series A round that values the company at $100 million. The fresh capital will be used to further develop its application as well as grow its leadership team.

Gryfyn Raises US$7.5M To Drive Web3 Adoption Through Entertainment Experiences

Gryfyn has completed a fundraise of US$7.5 million from backers that include Liberty City Ventures, GameFi Ventures, Lavender Hill Capital Partners, Mind Fund, Animoca Ventures, LeadBlock Partners, Angel Hub, Brinc, as well as angel investors including Gabby Dizon. Arnoldo Concepción, the co-COO of Animoca Brands, has been announced as the CEO of Gryfyn.

USDC Issuer Circle Offered $3 Billion Emergency Backstop From Coinbase

As per a 20 March report by Fortune, Coinbase offered a whopping $3 billion credit facility to Circle to guarantee the liquidity of its USDC stablecoin. According to people familiar with the matter, Circle had issued instructions to transfer its funds out of Silicon Valley Bank ahead of its collapse. However, the financial institution was seized by the United States Federal Deposit Insurance Deposit Corp (FDIC) before the funds could be wired out.

Ethereum-Based Carbon Tracker Carbonable Raises $1.2M to Tackle Greenwashing

Carbonable, a startup that uses the public Ethereum blockchain to track carbon contributions and help prevent greenwashing, has raised $1.2 million in a seed round led by Ethereal Ventures and La Poste Ventures.

Bitcoin Bitcoin $58,883.31
+1.96%
Web3 AI Circle Coinbase Ethereum SEC France Europe Celsius bankruptcy
Comments

All Comments

Recommended for you

  • The Bitcoin-native stablecoin bitSmiley Alphanet V1 Surpasses $24M TVL in 24 Hours!

    In a remarkable achievement, bitSmiley's Alphanet V1 skyrocketed to over $24 million in TVL within just 24 hours of its launch with over 6 million bitUSD stablecoins minted through over-collateralization. bitSmiley stands as a pioneering initiative, introducing stablecoins by over-collateralizing Bitcoin.

  • Securitize raises $47M in funding led by BlackRock to enhance innovation and expansion in digital asset securities ecosystem

    Miami-based company Securitize, which specializes in tokenizing real-world assets, has raised $47 million in funding. The round was led by BlackRock, with participation from Hamilton Lane, ParaFi Capital, Tradeweb Markets, Aptos Labs, Circle, and Paxos. The funds will be used to enhance the company's innovation and expansion as it consolidates its position in the digital asset securities ecosystem. BlackRock's first tokenized fund, the BlackRock USD Institutional Digital Liquidity Fund, has also been launched on Ethereum and is available to investors by subscribing to the fund with Securitize.

  • Web3 game Shadow War completes $5 million financing, led by Momentum 6

    Game studio Patriots Division has raised $5 million in seed and Series A financing for its Web3 game Shadow War. The Series A funding was led by Momentum 6, with participation from iAngels, Cointelligence Fund, Xborg, Andromeda VC, Cogitent Ventures, and Cluster Capital.

  • BTC falls below $57,000

    According to market data, BTC has fallen below $57,000 and is currently trading at $56,999.99, with a daily decline of 5.48%. The market is volatile, so please be prepared for risk control.

  • CoreWeave, an AI cloud service provider, completes $1.1 billion Series C financing led by Coatue

    CoreWeave, a cloud service provider focusing on artificial intelligence, announced the completion of a $110 million Series C financing round. Coatue led this round of financing, with Magnetar (the main investor in the previous round), Altimeter Capital, Fidelity Management & Research Company, and Lykos Global Management participating.

  • Cointime MAY 1 News Express

    1.Celsius Network destroys 94% of total supply of CEL, worth over $89 million2.USDC Treasury destroyed more than 200 million USDC3.Pike was suspected of being hacked and lost 479 ETH4.Fantom launches $6.5 million development fund, betting on safer memecoins5.Yesterday, the U.S. spot Bitcoin ETF had a net outflow of $162 million6.The balance of Binance Bitcoin wallet increased by 6249.36 in the past 24 hours, and 15565.89 inflows in the past 7 days7.In April, NFT sales on the Bitcoin chain exceeded US$685 million, setting the third highest monthly record in history8.On-chain content distribution agreement Metale Protocol completes additional $2 million in seed round financing9.A whale deposited 1,140 MKR into Coinbase, losing about $1.1 million10.The Bitcoin stablecoin project, bitSmiley, goes live with its Alphanet V1, marking its debut deployment on the Bitcoin Layer 2 network, Bitlayer.

  • Barcelona-based Web3 Video Games Startup GFAL Raises $3.2M in Seed Funding to Expand Team and Accelerate Production Plans

    Barcelona-based startup GFAL has secured $3.2 million in seed funding from investors including Supercell Ltd and Mitch Lasky. The company plans to use the funds to expand its team and accelerate its game production plans, which leverage AI and Web3 technology for immersive gameplay. GFAL's Elemental Raiders mobile game soft-launched in March 2023, with plans to build on this for a 2024 launch. CEO Manel Sort expressed gratitude for the investment and excitement to work with former colleagues from Digital Chocolate.

  • cointelegraph ·

    US Court to hear proposed remedies from Terraform Labs, Do Kwon in May

    The SEC proposed that Do Kwon and Terraform pay roughly $5.3 billion in disgorgement, prejudgment interest and civil penalties, while the firm’s team suggested only $1 million.

    US Court to hear proposed remedies from Terraform Labs, Do Kwon in May

  • BTC falls below $58,000

    Golden Finance reported that according to OKX market data, BTC briefly touched $57,700 and is now trading at $58,581.53, with a daily decline of 7.15%. The market is volatile, so please be prepared for risk management.

  • Wu Jiezhuang, a member of the National Committee of the Chinese People's Political Consultative Conference, suggested that Hong Kong refer to IPO to provide innovative financing models for Web3

    Wu Jiezhuang, a member of the National Committee of the Chinese People's Political Consultative Conference and a member of the Hong Kong Legislative Council, wrote an article in the Hong Kong Wen Wei Po titled "Leading the Digital Economy by Adapting to the Web3 Trend". The article pointed out that developing Web3+ has both advantages and new challenges. The Hong Kong government has taken an important step in the direction of developing Web3 and the digital economy by formulating a short- to medium-term strategic development blueprint, ensuring that policies and resources are in place, and promoting the construction of Web3+ application scenarios. Focusing on Web3, establishing an international innovation financing platform can not only help Hong Kong leverage its traditional financial advantages, but also help it become a global digital technology center. It is suggested to refer to the mature mode of existing enterprises' IPOs in Hong Kong, provide an innovative financing model for Web3, and create a market trend and service competitive advantage to promote the development of the industry and attract upstream and downstream of the industry chain at home and abroad to gather in Hong Kong.

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