Cryptocurrency News TheBitTimes.com

Author：0xMingyue Editor：Colin Wu 1. Singapore MAS Announces Collaboration with Regulatory Authorities in Japan, Switzerland, and the UK to Advance Digital Asset Legislation link On October 30th, the Monetary Authority of Singapore (MAS) announced its collaboration with the Japan Financial Services Agency, the Swiss Financial Market Supervisory Authority, and the UK Financial Conduct Authority to advance discussions on legal, regulatory, and accounting treatment related to digital assets. This collaboration aims to identify potential risks and gaps in existing policies and legislation concerning tokenization solutions, explore the development of common standards for digital asset networks and market best practices across jurisdictions, promote high standards of interoperability to support cross-border digital asset developments, and facilitate industry pilots for digital assets through regulatory sandboxes. 2. WalletConnect Protocol Restricts Usage for Russian Users link On November 1st...

Author：Crescent Editor：Colin Wu 1. Hubei Police Cracks the First National “Virtual Currency Case” in China link On July 18th, according to a publication by Ping An Hubei, the Shaoyang County People’s Court made a ruling on a massive cross-border gambling case involving a transaction volume of 400 billion CNY. In the judgment, a portion of the frozen virtual currency was legally confiscated, amounting to approximately 1 billion CNY. This case became the first in the country to involve the confiscation of “virtual currency.” The article mentioned that the special investigation team communicated with the virtual currency issuer to freeze the relevant accounts, preventing approximately 160 million US dollars (about 1 billion CNY) worth of virtual currency from flowing into the hands of the suspects. Additionally, three key suspects who had been hiding overseas were also apprehended. 2. “Taiwan’s Buffett” Zhou Ruiqing Orchestrates ATC Cryptocurrency Sale During Prison Term link Self-procl...

Author: @0xMavWisdom Note: This text is for informational purposes only and is not associated with any financial interests or endorsements of the mentioned project. With the continuous increase in ETH staking rate and LSD emerging as the leading asset category in terms of Total Value Locked (TVL), there is a growing trend in the community to explore more profit strategies around xETH. Integrating DeFi into the LSD space, which boasts $19.62 billion in assets, is becoming a focus of attention. According to data from Dune Analytics, as of May 30th, the TVL of LSDfi reached $315 million, which is only equivalent to 1.6% of the LSD TVL. Among them, Lybra Finance accounted for 56.9%, and it set a new record for single-day growth with over $43 million worth of ETH/stETH inflows on May 29th. The LBR Token has also achieved over 30x growth in just over a month. This article will analyze Lybra Finance with a focus on the eUSD stablecoin . Core Business: Lybra Finance allows users to deposit ETH...

Speecher：Keith Choy, Interim Head of Intermedlaries Division, Hong Kong Securities and Futures Commison(Chairman of Fintech Advisory Group) Editor：@null_aez, WuBlockchain Link: https://www.web3festival.org/hongkong2023/live?lang=zh-CN Good morning. It’s an honor to be invited to speak at this wonderful festival. Over the past few years, there have been many amazing developments and breakthroughs across various technologies. For example, we’ve seen enterprises incorporating artificial intelligence within their bussinesses, central banks, financial insititions are exploring the benefits of using distributed ledger technology (DLT). Just a few weeks ago, I experienced firsthand the wonders of Chatgpt. The potential applications of this technology and the like, and their reifications are huge. We’ve seen news report that financial firms are testing the tool and using it to write research reports. I must confess the thought of using Chatgpt to write this speech has also come across my mind....

Author：Lily Editor：Colin Wu 1. South Korea’s weekly summary 1.1 MTL becomes the new Korean MEMECOIN link Upbit MTL/KRW, South Korea’s largest exchange, had a trading volume of $260m. Binance MTL contract annualized negative funding rate is as high as 1430%. MTL is the token of Metal Pay, which allows users to buy, sell, transfer, and pay for cryptocurrencies. 1.2 Prosecutors are holding Bithumb’s largest shareholder Vident in custody link South Korean prosecutors held and searched Vidente, the largest shareholder in Bithumb, in an investigation into the alleged misappropriation of funds by Bithumb-related companies. on February 20, prosecutors formally charged Kang Jong-hyun, the actual owner of Bithumb. 1.3 South Korean authorities scrutinize Gopax previously acquired by Binance link After Binance acquired the South Korean exchange Gopax, regulators may require it to reapply for virtual asset operator certification; banks are considering whether to continue to provide accounts. But i...

Written By：Liu Changyong On February 1, 2023, Bitcoin Network mined the largest block in the history of nearly 4M, containing a nearly 4M largest transaction in the history, and the transaction fee is 0. The big transaction was sent out by indie developer @udiWertheimer’s “Taproot Wizard”, an NFT project on the Bitcoin network. The main data is an NFT, not a hash, but an entire jpg image. The developer and project have not been named, but the incident has caused a huge shock to the Bitcoin ecosystem, with Blockstream CEO Adam Back (@adam3us), Bitcoin Core developer @LukeDashjr and others calling it an attack on Bitcoin. See CoinDesk’s report: https://www.coindesk.com/tech/2023/02/02/giant-bitcoin-taproot-wizard-nft-minted-in-collaboration-with-luxor-mining-pool/ However, @udiWertheimer stresses that this is an innovation based on “Ordinals” proposed by former Bitcoin core developer Casey Rodarmor. Ordinals Doc: https://docs.ordinals.com/introduction.html @udiWertheimer and Casey Rodar...

Author: WuBlockchain According to Messari, there were 1,769 public crypto VC projects in 2022, up 30% from 2021 (1,364 projects in 2021). The industry-level classification is as follows: In 2022, the number of funds raised in various areas of the crypto market is relatively balanced, with CeFi accounting for 14%, DeFi accounting for 18%, NFT/GameFi accounting for 16%, infrastructure accounting for 17%, and the remaining Web3 projects accounting for 36%. Total financing in 2022 was $37.7 billion , up 19% from 2021 ($31.6 billion in 2021). Changes in financing amount during each month are as follows: Of all VCs investing in 2022, Coinbase made the most investments with 119; Animoca with 118; followed by SHIMA (88) Spartan (64) Dragonfly (61) Alameda (59) A16z (57). Among them, the top 20 rounds of financing amount (excluding CeFi) are as follows: Yuga Labs, the startup behind well-known NFT project Bored Ape Yacht Clubs, was founded in 2021. In early 2022, the company also announced the...