Top Stories

OpenSea, ConsenSys Among Prized Crypto Startups With Shares Available at Big Discounts

Shares in numerous private crypto startups are currently being offered at sizable discounts on Birel.io, a platform that specializes in such secondary market transactions, Birel's Richard Freemanson confirmed. Those startups include Alchemy, Blockchain.com, Chainalysis, Kraken, ConsenSys, Blockdaemon, CoinDCX and OpenSea — collectively worth around $70 billion at the time of their most recent fundraises, all of which came in 2022.

BitMEX Co-Founder Arthur Hayes Proposes Bitcoin-Based Stablecoin

Arthur Hayes, co-founder and former CEO of BitMEX cryptocurrency exchange, has proposed creating a new stablecoin with a value pegged to the sum of $1 worth of Bitcoin (BTC) and one inverse perpetual swap of BTC against USD. He outlined the idea of the potential Satoshi Nakamoto Dollar (NUSD), or NakaDollar, in a blog post titled “Dust on Crust” on March 8.

China’s Parliament Member To Propose NFT Regulation at ‘Two Sessions’

Non-fungible tokens (NFT) will soon come under the spotlight at China’s ongoing “Two Sessions” – the nation’s most important annual political gathering – with parliament member Feng Qiya set to propose a regulatory framework for NFTs.

Mt Gox Registration Deadline Pushed for Another Month

The registration dates for Mt. Gox creditors have been pushed back by another month. According to the announcement, the deadline has been pushed from March 10 to April 10, allowing creditors to file their claim for another month.

SWIFT to Start Phase Two Pilot After Finding 'Value' in CBDC

A project run by interbank messaging company SWIFT to interconnect central bank digital currencies (CBDCs) offers “clear potential and value,” the company said in a statement on Thursday.

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $21,608.47 USD, dropped by 1.91% in the last 24 hours;

ETH’s live price is $1,530.33 USD, dropped by 1.49% in the last 24 hours;

BNB’s live price is $288.74 USD, jumped by 0.31% in the last 24 hours;

XRP's live price is $0.3948 USD, dropped by 0.92% in the last 24 hours.

Fundraising News

Polychain Capital Leads web3 Dev Tool Provider Cubist’s $7 Million Raise

Cubist secured $7 million in a seed round for its project which aims to help make web3 development easier. The seed round is led by Polychain Capital and also sees participation from Dao5, Polygon, Axelar, Amplify Partners and Blizzard, the company said in a release.

FTX Reaches $45M Deal To Sell Interest in Sequoia to Abu Dhabi’s Investment Arm

FTX’s investment arm, Alameda Research, has struck a $45 million cash deal to sell its interest in Sequoia Capital to the Abu Dhabi sovereign wealth fund, according to court documents filed Wednesday.

South Korea Pours US$51 Million Into Metaverse Projects

South Korea is investing 27.7 billion Korean won (US$21 million) into local services looking to utilize the metaverse, the ministry of science announced Wednesday, following Tuesday’s news that it would establish a US$30 million metaverse fund to help startups expand their businesses.