Cointime

Cointime

Download App
iOS & Android

Crypto Evening Briefing: South Korea Commits $173 Million To Metaverse Development In 2023; HKSAR Government’s Inaugural Tokenised Green Bond Offering

Cointime Official

Top Stories

HKSAR Government’s Inaugural Tokenised Green Bond Offering

The HKSAR Government today announced the successful offering of HK$800 million of tokenised1 green bond under the Government Green Bond Programme (GGBP).

European Union Discusses Using Zero-Knowledge Proofs for Digital IDs

Last week the EU lawmakers made a vital step to embrace privacy in the space of citizens’ digital identities. On Feb. 9, the Industry, Research and Energy Committee included the standard of zero-knowledge proofs in its amendments to the European digital identity framework (eID). 

Global Standard Setters Will Team Up to Tackle DeFi Regulation: FSB

The Financial Stability Board (FSB) will work with other international standard setters to determine how decentralized finance (DeFi) activities should be regulated across different jurisdictions, it said in a report published Thursday.

Binance CSO Anticipates Exchange Paying ‘Remediations’ to Make Amends With US Regulators

Binance’s chief strategy officer stated that the crypto exchange would likely need to pay fines to resolve ongoing SEC inquiries into its U.S. operations.

Gaming Network Oasys Onboards Japan Conglomerate SoftBank as Network Validator

Japanese conglomerate SoftBank will become an official network validator of the gaming blockchain Oasys with a focus on the development of blockchain-based services for the gaming industry, as per a release shared with CoinDesk.

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $24,586.65 USD, jumped by 8.22% in the last 24 hours;

ETH’s live price is $1,687.80 USD, jumped by 6.69% in the last 24 hours;

BNB’s live price is $319.59 USD, jumped by 5.10% in the last 24 hours;

XRP's live price is $0.3991 USD, jumped by 2.79% in the last 24 hours.

Fundraising News

PlayDapp Buys ProudNet to Bring Reliable, Secure Technology to US Game Market

The PlayDapp team announced the acquisition of ProudNet, the renowned peer-to-peer server network provider. This move is seen as an aggressive step towards entering the US gaming market and is set to provide game developers with the best possible technology in terms of stability and reliability for online multiplayer gameplay.

South Korea Commits $173 Million To Metaverse Development In 2023

According to a recent report by South Korean local media, the country’s Ministry of Science and Information and Communication Technology (ICT) announced earlier today that it would be investing more than 223 billion won to develop its metaverse industry. The investment, worth over $173 million, will be used to establish metaverse labs, academies, graduate schools, etc.

Web3 Tooling Startup Nefta Raises Seed Round at $32.5 Million Valuation

Nefta, a web3 infrastructure startup focused on gaming and entertainment sectors, raised $5 million in a seed funding round. Play Ventures led the round by injecting $2.5 million — the single largest investment from its Future Fund — Nefta said Wednesday. Other investors in the round included Polygon Ventures, SevenX Ventures, Sfermion and Picus Capital.

Sending Labs Secures $12.5 Million To Build ‘Web3 Communcation Stack’

Web3 communications project Sending Labs raised a $12.5 million seed round led by Insignia Venture Partners, MindWorks Capital and Signum Capital. The funding will be used to accelerate its integration with other Layer 1s and Layer 2s — it plans to add Avalanche and Arbitrum as well as non-EVM chains like Solana and Sui. The extra cash will also be funneled toward the development of sector-specific SDKs and the launch of a community ambassador program.  

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

Bitcoin Bitcoin $63,437.13
+3.58%
Hong Kong DeFi Binance Metaverse SEC
Comments

All Comments

Recommended for you

  • Chainlink ·

    Chainlink Digital Asset Insights: Q1 2024

    The Web3 ecosystem has recently seen a dramatic rise in activity through total value locked in decentralized finance (“DeFi”), volumes on decentralized exchanges (“DEXs”), and stablecoin activity (see the Appendix). Looking at the first quarter of the year, we examine prominent events in the space, including:

    Chainlink Digital Asset Insights: Q1 2024

  • Blast DEX Thruster receives $7.5 million in seed round funding

    The decentralized trading protocol Thruster based on Blast raised $7.5 million in seed funding led by Pantera Capital, bringing Thruster's valuation to $70 million. Angel investors include Santiago Santos, Frax founder Sam Kazemian, Pendle founder TN Lee, Stacked founder Alex Lin, Renzo founder Kratik Lodha, and Axelar founder Georgios Vlachos also participated in this round of funding.

  • Hong Kong Treasury Secretary: Will submit a draft bill on stablecoin and virtual asset over-the-counter trading services to the Legislative Council

    According to a report by Caixin, Hong Kong Financial Secretary Paul Chan Mo-po introduced the expenditure budget and work focus for the fiscal year 2024-25, stating that a variety of central bank digital currency cross-border networks (mBridge) are expected to be launched this year, with the first phase of services focusing on settling cross-border transactions for enterprises using various central bank digital currencies. In addition, the "digital renminbi" will also expand its pilot scope in Hong Kong, further improving cross-border payment efficiency and user experience. In terms of virtual assets, the government is promoting a series of measures to strengthen regulation and promote the stable and responsible development of the virtual asset market in Hong Kong. Specifically, the Hong Kong Monetary Authority launched a stablecoin sandbox in March this year, allowing institutions interested in issuing stablecoins to conduct testing within a controlled range. The government has also consulted the public on the regulation of fiat-backed stablecoin issuers and virtual asset over-the-counter trading services, and is considering the feedback received. Depending on the progress of preparatory work, the draft legislation will be submitted to the Legislative Council as soon as possible.

  • Three men and women arrested for laundering more than 1.8 billion yuan from virtual currency trading platforms and bank accounts

    Hong Kong Customs broke up a money laundering syndicate and arrested three local suspects who are suspected of using virtual currency trading platforms and multiple local bank accounts opened by companies to process over 1.8 billion yuan of funds with unknown sources. Customs officials targeted the three suspects based on intelligence and launched a wealth investigation, discovering that the three individuals conducted over 1,000 suspicious transactions between June 2021 and July 2022 through the opening of multiple local companies and bank accounts, including the transfer of funds from virtual currency trading platforms, involving more than 1.8 billion yuan.

  • BTC halving countdown only 1 day left

    According to Ouke Cloud Chain data, there is only 1 day and 17 hours left until the BTC halving countdown, which is expected to occur on 2024/04/20. The current block reward is 6.25 BTC, and after the halving, the block reward will be 3.125 BTC. There are currently 253 remaining blocks, the current network hashrate is 587.96 EH/s, the network mining difficulty is 83.95 T, and the average block time is 9.94 min.

  • The total open interest of BTC options is $21.24 billion, and the open interest of ETH options is $9.42 billion.

    According to Coinglass data, the nominal value of open BTC option positions on the entire network is $21.24 billion, and the nominal value of open ETH option positions is $9.42 billion.

  • CZ launches testnet course on Giggle Academy

    CZ, the former CEO of Binance, announced the test network course of the recently launched education project Giggle Academy. CZ shared a video clip on his X account, which involved a course in an installable Android software package (Apk).

  • After the Bitcoin halving, new mining output will be reduced from 900 to 450 per day

    According to HODL15Capital's monitoring, after the halving of Bitcoin, its newly mined output will be reduced from 900 coins per day to 450 coins per day. Based on the current price, purchasing all of these new outputs would cost approximately $28 million.

  • BTC breaks through $62,000, and the intraday decline narrows to 2.96%

    According to market data, BTC has broken through $62,000 and is currently trading at $62,008.36. The intraday decline has narrowed to 2.96%, and the market is experiencing large fluctuations, so please be prepared for risk control.

  • Tether issued USDT worth $437 million yesterday

    Tether issued $437 million worth of USDT on April 17 and redeemed $142 million worth of USDT (a net increase of 295 million USDT in circulation). Approximately $100 million worth of USDT was issued to an address starting with 0x5c (suspected to be a Bitfinex forwarding address), and approximately $81 million worth of USDT was issued to an address starting with 0x77 (suspected to be Bitfinex wallet address 1).

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