Cointime

Cointime

Download App
iOS & Android

Crypto Morning Briefing: BUSD Redemptions Soar Near $290 Million in 8 Hours After NYDFS Consumer Alert; Bitget Partners With Capitual To Participate in Brazil CBDC Project

Cointime Official

Top Stories

BUSD Redemptions Soar Near $290 Million in 8 Hours After NYDFS Consumer Alert

Before Paxos published a press release at 6 a.m. Eastern time Monday, the stablecoin BUSD had approximately 16.16 billion tokens in circulation. In the past eight hours, nearly $290 million has been redeemed, bringing the number of BUSD in circulation to 15.87 billion.

Silvergate, Coinbase Extend Losses As Regulatory Specter Hangs Over Crypto

It's been a mixed bag today for crypto-related equities as U.S. regulators continued a clampdown that has hit both staking and stablecoins.

Bitget Partners With Capitual To Participate in Brazil CBDC Project

Crypto exchange Bitget (BGB) announced its partnership with the fintech company Capitual to participate in Brazil’s Central Bank Digital Currency (CBDC) project.

DigiDaigaku NFTs' Price Rises After $6.5M Super Bowl Ad

While Sunday night’s Super Bowl did not air any cryptocurrency advertisements, one non-fungible token (NFT) collection did shell out for one of the expensive commercial spots – and is seeing a pump on the secondary market.

Crypto Custody Service Bakkt Discontinues Consumer App as Regular Crackdown Intensifies

Bakkt, a crypto custody service that includes an app where consumers can view and transact with assets, has announced the closure of its consumer-facing app as regulatory scrutiny increases.

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $21,623.97 USD, dropped by 0.68% in the last 24 hours;

ETH’s live price is $1,486.49 USD, dropped by 1.77% in the last 24 hours;

BNB’s live price is $290.45 USD, dropped by 8.05% in the last 24 hours;

BUSD’s live price is $0.99 USD, dropped by 0.04% in the last 24 hours;

XRP's live price is $0.37 USD, dropped by 1.37% in the last 24 hours.

Fundraising News

Sequoia, Dragonfly Back Web3 Startup Caldera in $9M Rounds

Caldera, which provides infrastructure for Web3 applications, has raised $9 million across two funding rounds led by traditional finance giant Sequoia Capital and crypto-native firm Dragonfly.

Empires Not Vampires Raises $1 Million To Build New Multiplayer Blockchain Game

Finland-based, indie games studio, Empires Not Vampires, has raised $1million to develop its latest game, Paradise Tycoon, a social building and crafting, multiplayer game, built on blockchain technology.

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

Bitcoin Bitcoin $64,374.67
+1.15%
Bitget Coinbase
Comments

All Comments

Recommended for you

  • Decentralized Hedge Fund NFA Labs Receives $10 Million Investment

    Decentralized hedge fund NFA Labs recently partnered with investment fund and asset management company Quantix Capital, receiving a capital commitment of $10 million to develop the ecosystem. The platform aims to bring professionalism and security to the DeFi world of real-world markets. This investment will further improve the NFA platform and expand its global influence, helping NFA Labs achieve its mission of providing accessible, fair, and information-rich resources for cryptocurrency traders.

  • Hong Kong Securities Regulatory Commission: China Ecological Tourism Group's acquisition of a blockchain company was improper and disciplinary action has been taken

    The Securities and Futures Commission (SFC) of Hong Kong has announced that it has taken disciplinary action against China Ecotourism Group Limited (China Ecotourism) and its seven current and former directors in collaboration with the Hong Kong Stock Exchange (HKEX). The investigation mainly focused on improper conduct, including granting 13 loans totaling HKD363 million and RMB91 million to nine borrowers, and acquiring a 37.5% stake in a blockchain technology company for HKD35 million.

  • Survey: 75% of Nigerians Confident in Using Bitcoin for Financial Transactions

    A new survey shows that 75% of Nigerians are confident in using Bitcoin for financial transactions. This survey result comes at a critical time in Nigeria's traditional financial market. In recent months, the Nigerian currency, the Naira, has sharply declined, and the government is trying to maintain the Naira exchange rate while also targeting cryptocurrency. One of the measures recently taken by the Nigerian Securities and Exchange Commission (SEC) regarding the cryptocurrency industry is to propose a significant 400% increase in registration fees for cryptocurrency exchanges.

  • Amaranth Foundation founder spent $24.7 million to buy 7,814 ETH

    According to Spot On Chain, James Fickel, founder of Amaranth Foundation, spent $24.7 million in the past 40 minutes to purchase 7,814 ETH at a price of approximately $3,161 per coin. This giant currently provides Aave with 128,516 ETH ($404 million) and 40.97 million USDC, and has borrowed 2,266 WBTC ($146 million), seemingly trading long on the ETH/BTC pair since December 2023.

  • Vitalik: PoW is also quite centralized. PoW is just a temporary phase before moving to PoS

    Vitalik Buterin, co-founder of Ethereum, stated on social media that PoW is also quite centralized. It just hasn't been discussed too much because everyone knows it's just a temporary stage before transitioning to PoS. This doesn't even involve how to potentially avoid ASICs, simply because the upcoming PoS transition means there's no incentive to build them.

  • If a Hong Kong spot virtual asset ETF is sold at a premium, it can be converted into Hong Kong dollars on the Hong Kong Stock Exchange

    Currently only a few Hong Kong brokers with virtual asset retail licenses can subscribe to the Hong Kong Bitcoin ETF through the new share subscription method (PD/distributor), and after the ETF officially enters the Hong Kong Stock Exchange, all hundreds of Hong Kong brokers and banks can purchase it. The approved virtual asset ETF adopts the performance of the ChiNext CF Bitcoin Index (Asia-Pacific closing price), so the profit and loss risks of cash subscription for Bitcoin ETF are basically the same as those of directly buying Bitcoin. As the exchange ratio between Bitcoin and Bitcoin ETF is fixed, if physical subscription is used in the IOP stage, that is, Bitcoin is used to subscribe to Bitcoin ETF, the relevant ETF can be exchanged for Hong Kong dollars in the exchange if it is sold at a premium after listing, and then buy back Bitcoin at the same time to earn the price difference between on-exchange and off-exchange. (Finance News Agency)

  • SEC sues Bitcoin mining company Geosyn, accusing its founder of $5.6 million fraud

    On April 26th, the US SEC filed a lawsuit against bitcoin mining company Geosyn Mining and its co-founders, accusing them of falsely reporting the number of cryptocurrency mining equipment in operation and using customer funds for personal expenses, resulting in a $5.6 million investment fraud.

  • Hong Kong Stock Exchange to Start Trading Harvest Fund’s Bitcoin and Ethereum Spot ETFs on April 30

    The Hong Kong Stock Exchange will begin trading Harvest's Bitcoin and Ethereum spot ETFs on April 30.

  • 2 new wallets withdrew 7.85 million ARB from Coinbase 12 hours ago

    As monitored by The Data Nerd, 2 new wallets withdrew 7.85 million ARB (approximately $8.91 million) from Coinbase 12 hours ago.

  • Grayscale transferred a total of approximately 1,202 BTC to Coinbase and Coinbase Prime this morning

    According to data monitored by Arkham, Grayscale transferred about 1202 BTC to Coinbase and Coinbase Prime this morning. The data shows that Grayscale transferred about 1050 BTC to Coinbase about 9 hours ago, worth about $66.96 million, and then transferred about 151.416 BTC to Coinbase Prime about 7 hours ago, worth about $9.76 million.

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