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Crypto Evening Briefing: Japanese Banks to Test Stablecoins on ‘Japan Open Chain’

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Japanese Banks to Test Stablecoins on ‘Japan Open Chain’

Japan has taken a major step forward when it comes to stablecoins, with several notable banks testing stablecoin usage on Ethereum-compatible blockchains. Banks that will participate include the Tokyo Kiraboshi Financial Group, Minna no Bank, and The Shikoku Bank.

China’s Digital Yuan Initiative Gets Cold Reception From Hong Kong Visitors

Shenzhen city, China’s southeastern metropolis that connects the mainland to Hong Kong, has started to issue digital yuan hard wallets to Hong Kong tourists but demand has so far failed to meet expectations.

Ukraine’s Government-Provided Crypto Addresses Raised $70 Million During War, Report

Crypto donations collected by the government in Kyiv since the start of the Russian invasion have amounted to almost $70 million, according to Chainalysis. 

The Sandbox Warns Users of Security Breach Used for Email Phishing Campaign

The Sandbox, a blockchain-based metaverse company, released a warning regarding a security breach. The company explained in a blog post on Thursday that an unauthorized third party accessed an employee's computer and sent a fraudulent email to the platform's users.

Rug Pull Alert: Large Arbitrum DEX ArbiSwap Hardrugging Its Users

ArbiSwap, a decentralized exchange (DEX) that runs on the Arbitrum network, has been rugged by its developer. The exploit was caused by the swapping of the contract, which included a recoverToken function that allowed the developer to recover user funds to their wallet.

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $23,370.96 USD, dropped by 1.45% in the last 24 hours;

ETH’s live price is $1,634.66 USD, dropped by 1.05% in the last 24 hours;

BNB’s live price is $298.43 USD, dropped by 1.47% in the last 24 hours;

XRP's live price is $0.3780 USD, dropped by 0.41% in the last 24 hours.

Fundraising News

Helika Closes $4M Seed Funding Round To Expand Analytics Product Offering For Web3

Helika, a Web3 gaming and NFT analytics platform, has announced the successful close of its $4 million seed funding round to scale product and marketing analytics for Web3. The funding round was led by Diagram Ventures, with participation from Sfermion, Sparkle Ventures, Big Brain Holdings, Fenbushi, and Builder Capital.

Amwal Raises $2.5M Pre-Seed To Revolutionize Payment Authentication in MENA

Fintech startup Amwal, based in the Middle East, has raised $2.5 million in a pre-seed funding round led by Shorooq Partners, Outliers Venture Capital, and several angel investors.

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

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