Cointime

Download App
iOS & Android

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

Cointime Official

Top Stories

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.

Comments

All Comments

Recommended for you

  • Cointime's Evening Highlights for May 24th

    1. CryptoPunks Launches “Super Punk World” Digital Avatar Series

  • An address mistakenly transferred about $7,000 in BTC to Satoshi Nakamoto’s wallet

    According to Arkham monitoring, someone accidentally sent 90% of their BTC assets to Satoshi Nakamoto's wallet address last night. They were trying to swap Ordinal for PupsToken, but ended up sending almost their entire wallet balance - about $7,000 worth of BTC.

  • USDC circulation increased by 200 million in the past 7 days

    According to official data, within the 7 days ending on May 16th, Circle issued 1.8 billion USDC, redeemed 1.6 billion USDC, and the circulation increased by 200 million. The total circulation of USDC is 33.2 billion US dollars, and the reserve is 33.4 billion US dollars, of which 3.8 billion US dollars are in cash, and Circle Reserve Fund holds 29.6 billion US dollars.

  • Bitcoin mining company Phoenix Group released its Q1 financial report: net profit of US$66.2 million, a year-on-year increase of 166%

    Phoenix Group, a listed mining company and blockchain technology provider for Bitcoin, released its Q1 financial report, with the following main points:

  • Pudgy Penguins and Lotte strategically cooperate to expand into the Korean market, and the floor price rose by 3.1% on the 7th

    The NFT series "Pudgy Penguins" has recently announced a strategic partnership with South Korean retail and entertainment giant Lotte Group on the X platform to expand its market in South Korea and surrounding areas. More information will be announced in the future. According to CoinGecko data, the floor price of Pudgy Penguins is currently 11.8 ETH, with a 7-day increase of 3.1%.

  • CryptoPunks Launches “Super Punk World” Digital Avatar Series

    Blue-chip NFT project CryptoPunks announced the launch of "Super Punk World" on X platform, which is the project's first release of 500 digital avatars inspired by the iconic CryptoPunks features and combined with Super Cool World attributes. It is reported that the series may launch auctions in the future, and more details about the collection and auction of this series will be announced soon.

  • Core Foundation launches $5 million innovation fund

    CoreDAO announced in a post on X platform that the Core Foundation has launched a $5 million innovation fund. The fund is currently mainly targeting the Indian market and has established strategic partnerships with the Indian Institute of Technology Bombay and some top venture capital companies to support the development of innovative blockchain projects in the country. At present, the fund has opened project funding applications.

  • Drift Foundation: The governance mechanism is gradually being improved, and DRIFT is one of the components

    The Drift Foundation stated on the X platform that the DRIFT token is a component of governance and a key element in empowering the community to shape the future. The governance mechanism is gradually improving, and more information will be announced soon.

  • U.S. Department of Justice: Two Chinese nationals arrested for allegedly defrauding at least $73 million through cryptocurrency investments

    According to the official website of the United States Department of Justice, a complaint from the central region of California was made public yesterday, accusing two Chinese nationals of playing a major role in a money laundering scheme involving cryptocurrency investment fraud.Daren Li, 41 years old, is a dual citizen of China and St. Kitts and Nevis, and is also a resident of China, Cambodia, and the United Arab Emirates. He was arrested on April 12th at Hartsfield-Jackson Atlanta International Airport and later transferred to the central region of California. Yicheng Zhang, 38 years old, is a Chinese national currently residing in Temple City, California. He was arrested yesterday in Los Angeles. Today, they are accused of leading a money laundering scheme related to an international cryptocurrency investment scam, involving at least $73 million. These arrests were made possible thanks to the assistance of our international and US partners, demonstrating the Department of Justice's commitment to continuing to combat the entire cybercrime ecosystem and prevent fraud in various financial markets.

  • Cointime May 3rd News Express

    1. The 133rd Ethereum ACDC meeting: The goal is to complete the devnet within 7-10 days