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Crypto Morning Briefing: SingularityNET Cardano Staking Portal Beta Launch Data Announced; Coinbase Is Building Its Own Ethereum Layer-2 Network Called 'Base'

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Top Stories

Dapper Labs Said To Lay Off 20% More of Its Full-Time Employees

Less than four months after parting ways with more than 20% of its employees, Dapper Labs decided to let another 20% of full-time staff go, according to a document obtained by The Block.

FTX Founder Sam Bankman-Fried Hit With Four New Criminal Charges

FTX co-founder Sam Bankman-Fried was hit Thursday with four new criminal charges, including ones related to commodities fraud and making unlawful political contributions, in a superseding indictment filed in New York federal court.

FTX Japan Reports $50M in Withdrawals Since Feb. 21

Bankrupt crypto firm FTX’s subsidiary in Japan has reported thousands moved from the exchange since resuming withdrawals on Feb. 21.

SingularityNET Cardano Staking Portal Beta Launch Data Announced

Amidst the wave around artificial intelligence linked cryptocurrencies, SingularityNET ($AGIX) is set to spread its wings in terms of adoption in the crypto ecosystem. In line with the plans for this quarter, the SingularityNET Cardano staking portal is scheduled to go live for beta testing in March 2023, the developers announced.

Coinbase Is Building Its Own Ethereum Layer-2 Network Called 'Base'

Coinbase has today unveiled Base, its own Ethereum layer-2 network. The company says Base will be the new home for the Coinbase’s on-chain products and—it hopes—an open ecosystem for millions of new decentralized apps.

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $23,964.05 USD, jumped by 0.54% in the last 24 hours;

ETH’s live price is $1,653.67 USD, jumped by 2.17% in the last 24 hours;

BNB’s live price is $309.54 USD, jumped by 0.54% in the last 24 hours;

XRP's live price is $0.39 0.91% USD, dropped by 0.91% in the last 24 hours.

Fundraising News

Huma Finance Raises $8.3 Million To Enable DeFi Borrowing Against Future Income

DeFi startup Huma Finance secured $8.3 million in a seed round to build an income-backed lending protocol.

Hack VC and Jump Crypto back DeFi yield startup Affine Protocol

Affine Protocol closed a $5.1 million seed round to build a decentralized protocol and app that offers users access to sustainable and diversified yields.

Web3 Social Startup Towns Raises $25.5M Led by Andreessen Horowitz

Web2 was built around the idea of connecting people, and companies like Twitter and Facebook, now Meta, built global empires around this idea. But the connectivity they offered came with a hefty price as users were commoditized to sell ads. Towns, a new project by Here Not There Labs, aims to change that.

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

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