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Showing posts with the label china crypto news

Weekly Project Updates: Avail DA Mainnet Launches, Base Chain Supports Donations to U.S. Politicians, UniswapX Major Upgrade, etc

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1. Avail DA Mainnet and AVAIL Token Launch, Supporting AVAIL Staking link The modular blockchain project Avail has announced the launch of its Avail DA mainnet and AVAIL token. Avail DA is a modular blockchain solution designed to optimize Data Availability (DA), enabling highly scalable and customizable rollups. The AVAIL token will serve as the native asset of the Avail network, used for paying DA fees and ensuring network security through staking. Additionally, AVAIL holders will be able to start staking their AVAIL tokens. Avail has raised a total of $75 million, supported by investors such as Founders Fund, Dragonfly Capital, and Cyber Capital. Two significant developments in progress include the interoperability layer Avail Nexus and the security network layer Avail Fusion. Avail DA supports various blockchain architectures, including Validiums, Optimiums, Sovereign Rollups, and BTC L2s, and has secured over 70 partnerships, which will gradually integrate with Avail DA. 2. U.S. P...

Hong Kong's leading scholar criticizes China and Hong Kong's cryptocurrency policies

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Editor | Wu Blockchain Source: https://mp.weixin.qq.com/s/f3ldeJpP0ucxjD0ZVzeVkQ This event is the first session of HashKey New Horizons, focusing on the development prospects of Hong Kong’s virtual asset market. Professor Yang Wang from the Hong Kong University of Science and Technology (HKUST), a renowned mathematician and the current Vice President (Institutional Advancement) and Chair Professor of Mathematics at HKUST, has made significant contributions to the fields of big data and bio-intelligence. He has a deep understanding of the blockchain industry and Hong Kong government policies. Here is a summary of Professor Wang’s speech: In 2012, I flew from the US to Hong Kong, then to Shanghai. A friend of over 30 years, who was actually my student, picked me up at the airport. He told me he was following Bitcoin and suggested we do something together. I thought Bitcoin and blockchain were scams and didn’t pay much attention. In 2014, I came to Hong Kong again, and he picked me up ag...

OKX WEB3: Classic Theft Cases Faced by Airdrop Hunters and How to Prevent Them

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Author: OKX WEB3, WTF Academy Translation: WuBlockchain Classic Theft Cases Faced by Airdrop Hunters and How to Prevent Them 1. Fake accounts posting false airdrops. User A was browsing a popular project’s Twitter when they saw an airdrop announcement under the latest tweet. They clicked the announcement link to participate in the airdrop, which led to phishing. Currently, many phishers use fake official accounts to post false announcements under official tweets to lure users. Users should be cautious and discerning. 2. Official accounts being hijacked. The official Twitter and Discord accounts of a project were hacked. The hackers then posted a fake airdrop link on the project’s official accounts. Since the link was posted from official channels, User B did not doubt its authenticity and clicked the link to participate in the airdrop, only to be phished. 3. Malicious project teams. User C participated in a mining activity of a project, staking all their USDT assets in the project’s st...

Asia's weekly TOP10 crypto news (Apr 15 to Apr 21)

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1. Japan’s Liberal Democratic Party Releases 2024 Web3 White Paper link Last week, the ruling party of Japan, the Liberal Democratic Party (LDP), released the 2024 Web3 White Paper. The paper calls for making Japan a center of Web3 by granting legal status to DAOs, considering the issuance of a local Bitcoin ETF, promoting permissionless innovation, stablecoins, and tax reform. 2. Russian Central Bank Endorses Cryptocurrency for International Settlements link Russian Central Bank Governor Elvira Nabiullina has stated that the bank will support expediting the development of a bill that supports the use of cryptocurrencies for international payments. However, Nabiullina emphasized that these payments should be introduced under an experimental sandbox legal framework. The institution has historically opposed the circulation and use of cryptocurrencies for domestic payments due to these assets not being under the control of national regulatory agencies. However, the central bank is open to...

Cex Data in Dec, Spot and derivative trading volumes and Traffic Rise Over 20% MoM

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The data Analysis conducted by the Wu team indicates: In December, the spot trading volume of major exchanges rose by 27.4% month-on-month. The top three in terms of percentage change were Gate at 65%, Crypto.com at 50%, and Bybit at 44%. The bottom three were BitMart at -24%, Bitget at -12%, and Upbit at -1%. (Sponsored by NEXO. Sponsorship does not represent the views of WuBlockchain and does not constitute financial advice from WuBlockchain. Readers are requested to strictly abide by local laws and regulations.) For derivative trading volume in December, there was a 22.3% month-on-month increase among major exchanges. The top three in percentage change were Crypto.com at 46%, Bitget at 42%, and Binance at 26%. The bottom three were Mexc at -13%, Huobi at -5%, and Kucoin at 14%. Regarding website traffic for major exchanges in December, there was a 21% month-on-month increase. The top three in percentage change were Mexc at 45%, Bybit at 38%, and Gate at 34%. The bottom three w...

WuBlockchain Weekly: Hong Kong Opens Bitcoin Spot ETF, OKX Delists Privacy Tokens, MicroStrategy Expends 615 Million in Acquiring BTC and Top10 News

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1. MicroStrategy Reacquires 14,620 Bitcoins at a Cost of USD 615.7 Million link MicroStrategy has once again acquired 14,620 bitcoins for a total cash amount of $615.7 million, with an average price of $42,110 per bitcoin. As of December 26, 2023, MicroStrategy now possesses a total of 189,150 BTC, acquired at an approximate cost of $5.9 billion, with an average price of $31,168 per bitcoin. 2. Securities and Futures Commission of Hong Kong: Prepared to Entertain Applications for Approval of Virtual Asset Spot ETFs link The Securities and Futures Commission of Hong Kong has issued a circular, indicating its readiness to entertain applications for approval from funds involving virtual assets, including virtual asset spot trading exchange-traded funds (ETFs). Furthermore, the Commission endorses funds to directly invest in virtual asset tokens permitted for retail trading on compliant exchanges in Hong Kong and allows the trading of virtual asset futures on traditional, regulated futures...

Chief Economist of Bank of China (Hong Kong) Talks about the Development of Cryptocurrency Industry in Hong Kong

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Translate :WuBlockchain Original link: //www.hkcd.com/hkcdweb/content/2023/07/11/content_8589619.html The 11th “Huarui Financial Technology Salon” series event, jointly hosted by Shanghai Huarui Bank, International Monetary Institute (IMI) of Renmin University of China, and the Fintech Research Institute of Renmin University of China, was recently held, discussing “Hong Kong: Building a Global Digital Financial Center”. Many finance industry insiders are optimistic about Hong Kong’s advantages and prospects in building a global digital financial center, suggesting Hong Kong to explore a new path that combines virtual assets and traditional finance, and organically integrate digital and physical economies in the Greater Bay Area. In the future, the development of the offshore RMB market and digital finance can be organically combined, and the Hong Kong offshore RMB market can be improved with the use of DCEP, providing more development opportunities for the construction of the Hong Kong...