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Crypto Morning Briefing: Coinbase 2022 Losses Total $2.6 Billion As Crypto Tightens Belt; U.S. Congressman Introduces Bill To Block CDBC Roll Out

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Coinbase 2022 Losses Total $2.6 Billion As Crypto Tightens Belt

American crypto exchange giant Coinbase released its Q4 2022 statements, showing a net loss of $557 million, signalling a quarter-on-quarter consecutive loss to the tune of $2.6 billion.

Binance To Burn $2B Idle BUSD on Feb. 22

Leading crypto exchange Binance announced it would burn $2 billion worth of idle Binance USD (BUSD) on BNB Chain “later today” on Feb. 22 at 12:07 UTC.

Reddit Avatar NFTs’ Market Cap Exceeds $35 Million

The total market cap of Reddit’s collectible avatar NFTs exceeded $36 million, according to a BestBrokers report published Feb. 22.

Floki Inu New Partnership Exposes Floki To 140M Crypto Users

The team behind Floki, the rapidly expanding multi-chain project, took to Twitter today to announce their latest strategic marketing partnership with DEXTools, one of the world’s leading decentralized token data analytics platforms.

U.S. Congressman Introduces Bill To Block CDBC Roll Out

United States Congressman Tom Emmer has introduced a new bill seeking to block the Federal Reserve (the Fed) from issuing a central bank digital currency (CBDC).

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $23,818.98 USD, dropped by 2.58% in the last 24 hours;

ETH’s live price is $1,617.19 USD, dropped by 2.93% in the last 24 hours;

BNB’s live price is $307.82 USD, dropped by 1.59% in the last 24 hours;

XRP's live price is $0.39 0.013% USD, dropped by 0.013% in the last 24 hours.

Fundraising News

BCB Group Targets Valuation of $200 Million in New Fundraising Effort

BCB Group, a crypto financial services company based in London, is raising funds via convertible notes.

Blocto Crypto Wallet Closes Series a Round at an $80 Million Valuation

Multichain wallet Blocto has closed a Series A funding round at a valuation of $80 million. The startup would not disclose the funding amount for this round. Entrepreneur Mark Cuban, IPX and returning investor 500 Global participated in the raise, the company said in a release. Cuban's involvement with the startup was announced late last year.

ConstitutionDAO Members Raise $2.8 Million for Multi-Signature Wallet Den

Multi-sig startup Den raised $2.8 million to build a wallet that will help dispersed teams and decentralized autonomous organizations (DAOs) easily and quickly execute transactions.

Web3 Database Developer Polybase Raises $2 Million in Pre-Seed Funding

Polybase, a crypto startup developing a privacy-focused decentralized database, raised $2 million in a pre-seed funding round.

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

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