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Crypto Morning Briefing: MakerDAO Founder Calls for Rebranding of DAI Stablecoin

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MakerDAO Founder Calls for Rebranding of DAI Stablecoin

MakerDAO’s DAI stablecoin could be due for a makeover.

New York Attorney General Sues Crypto Exchange KuCoin, Alleges Ether Is a Security

A press release said the suit was part of ongoing "efforts to crack down on unregistered cryptocurrency platforms."

Blockchain.com to Suspend Operations of Asset Management Arm

Crypto financial services company Blockchain.com is suspending operations of its recently-launched asset management arm, citing the prolonged crypto winter as the reason for its decision, according to a Bloomberg report.

Gateio Launching Debit Card Supporting Shiba Inu & Crypto Payments Across Europe

Gate Group, the parent company of leading crypto exchange Gate.io, has announced plans to launch its Gate Visa debit card in Europe. The card will enable customers to seamlessly pay with Shiba Inu (SHIB) and other crypto assets at all 80 million merchant stores that accept Visa.

Binance Approves TerraClassicUSD (USTC) Against Tether USD (USDT) Trading Pair

Binance, the world’s largest crypto exchange by trading volume, has recently announced that it will add TerraClassicUSD (USTC) against Tether (USDT) trading pair.

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $20,382.91 USD, dropped by 7.77% in the last 24 hours;

ETH’s live price is $1,440.50 USD, dropped by 7.66% in the last 24 hours;

BNB’s live price is $274.92 USD, dropped by 5.83% in the last 24 hours;

XRP's live price is $0.36 USD, dropped by 6.99% in the last 24 hours.

Fundraising News

CryptoPunk NFT Bid Funded With 527,000 Once Worthless Testnet Ether Tokens

An NFT buyer swapped testnet ether tokens — that are supposed to be worthless — for ETH, which was then used to buy a CryptoPunk NFT.

Digital Art Platform and Residency Program Wildxyz Raises $7M

Digital art platform Wildxyz has raised $7 million in seed funding to expand its residency program and community surrounding non-fungible token (NFT) art, the company said Thursday.

Stablecoin Issuer ECSA Secures $3 Million in Funding

Brazilian-based stablecoin issuer ECSA raised $3 million to bring the main carry currencies on chain.

Proven Raises $16M To Rebuild Trust in Crypto With Zero-Knowledge Proofs

Over the past year, trust has been lacking in the crypto industry. One startup, Proven, is trying to change that with new technology.

Gyroscope Unveils $4.5 Million in Funding As It Prepares To Launch ‘Unique’ Stablecoin

Gyroscope, a crypto startup that claims to be building a unique stablecoin, announced it has raised $4.5 million in a seed funding round.

Coinbase Ventures Joins $15M Bet on New Crypto Exchange Mauve

After offshore exchange FTX’s collapsed last year as a result of massive fraud, do we really need another crypto exchange? Markus Maier and Philipp Banhardt, founders of crypto compliance firm Violet, think that’s exactly what we need and have persuaded prominent investors to back their vision in the form of Mauve—a decentralized exchange they’ve describe as the anti-FTX.

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