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Crypto Evening Briefing: Do Kwon Tapped Hoard of 10,000 Bitcoin Via Swiss Bank; Judge Alludes to Possibility of SBF Bail Reversal

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Crypto Fugitive Do Kwon Tapped Hoard of 10,000 Bitcoin Via Swiss Bank, SEC Says

Crypto fugitive Do Kwon and the firm he founded transferred over 10,000 Bitcoin out of their doomed project and turned some of the tokens into cash via a Swiss bank, the Securities & Exchange Commission said.

China Begins Hong Kong ‘Cross-Border’ Digital Yuan Pilot

Shenzhen, China, has begun a retail-focused “cross-border” digital yuan pilot with Hong Kong. China Banking and Insurance News (via JRJ) reported that the event is the brainchild of the central People’s Bank of China (PBoC) and the Luohu District local government. Luohu is located close to Hong Kong’s New Territories.

Japan Will Launch Pilot for Issuing Digital Yen In April

Japan will launch a pilot programme in April to test the use of its version of the central bank digital currency (CBDC) known as the digital yen, its central bank said on Friday.

BlockFi Looks to Dismiss Bankruptcy Case for SBF’s Robinhood Shell Company

Bankrupt crypto lender BlockFi on Thursday moved to strike out the bankruptcy case of Emergent Fidelity Technologies, as a battle over around $600 million in assets mainly owned by FTX founder Sam Bankman-Fried becomes ever more complex.

Judge Alludes to Possibility of SBF Bail Reversal

In a hearing on the 16th of February, Judge Lewis Kaplan stated that there is probable cause to believe that SBF has engaged in attempts to commit a federal felony while out on bail – namely, witness tampering, or at least an attempt at witness tampering.

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $23,809.82 USD, dropped by 3.01% in the last 24 hours;

ETH’s live price is $1,661.20 USD, dropped by 1.48% in the last 24 hours;

BNB’s live price is $309.66 USD, dropped by 3.05% in the last 24 hours;

XRP's live price is $0.3882 USD, dropped by 2.66% in the last 24 hours.

Fundraising News

Game Studio Unagi Raises $5 Million To Expand Ultimate Champions and Move Beyond Sports

Web3 gaming studio Unagi secured $5 million in a seed round led by Sisu Game Ventures. Investors in the seed round also include Sfermion, Signum Capital and 2B Ventures, the company said in a statement. The new raise doubled the startup's valuation, the company said without disclosing it.

GloryFinance and Korean Technology Venture Capital Sign a $3.5m Seed Round Investment Agreement

Early Jan 2023, in GloryFinance’s Development office, the Project’s Core team and representatives from one of the top Korean Technology Venture Capital has signed in a seed round funding investment agreement with a value confirmed to be USD 3.5M. The funding will be under the form of Equity acquisition while further details of the deal are not mentioned due to confidentiality.

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

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