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| Binance: Tax reporting tool API launched; data will be shared with regulators (July 28)

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SBF: FTX is carbon neutral and has paid $1 million for carbon credits.
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SBF: FTX is carbon neutral and has paid $1 million for carbon credits.

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headlines
Binance Launches API for Tax Reporting Tool to Comply with Regulatory Tax Reporting Requirements

According to the official announcement, Binance announced the launch of the tax reporting tool API. The API tool will help Binance users track digital currency activities to ensure that they comply with the tax reporting requirements set by local regulators.

The compliance department of trading platform Binance said the company will share data with regulators. Binance CEO Changpeng Zhao said that he hopes to obtain licenses in various places and will cooperate with local regulatory agencies. Hope to establish multiple headquarters around the world. The company is negotiating with banks in the UK. (Golden Ten)

digital currency

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digital currency

Nansen, an on-chain data tool, announced the launch of the NFT leaderboard

On-chain data tool Nansen announced the launch of the NFT data tool NFT Leaderboard (Leaderboard), which aims to provide users with NFT data analysis services of important or well-known addresses in the NFT field.
In addition to an $80,000 cash prize, winning participants will be able to raise funds from the Solana Foundation and prominent global investors. The event was supported by former Coinbase CTO Balaji Srinivasan, seed investor Chris McCann, CRED founder Kunal Shah and other encryption professionals and entrepreneurs. (Cointelegraph)

LVC, a subsidiary of Japanese communication giant LINE, will cooperate with Yahoo Japan to support NFT auction

Japanese communication giant LINE announced on Tuesday that its cryptocurrency subsidiary LVC Corporation will cooperate with Yahoo Japan (Yahoo! Japan) to allow NFT issued based on the LINE blockchain to be traded in the secondary market.
LVC, a subsidiary of Japanese communication giant LINE, will cooperate with Yahoo Japan to support NFT auction

Japanese communication giant LINE announced on Tuesday that its cryptocurrency subsidiary LVC Corporation will cooperate with Yahoo Japan (Yahoo! Japan) to allow NFT issued based on the LINE blockchain to be traded in the secondary market.

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Investment and Financing

Blockchain infrastructure provider Fireblocks raises $310 million at $2 billion valuation

It is reported that Yield Guild Games is a decentralized autonomous organization (DAO) dedicated to investing in NFTs in Metaverse and blockchain games.
According to previous reports, in March this year, Fireblocks announced the completion of $133 million in Series C financing, led by investment management company Coatue, venture capital firm Ribbit, and growth equity firm Stripes, with BNY Mellon and Silicon Valley Bank leading the round. Valley Bank) participated in the investment as a strategic investor. Previous investors Paradigm, Galaxy Digital and Swisscom Ventures participated in the round. Fireblocks received $30 million in Series B financing in November 2020, led by Paradigm, and other investors include Galaxy Digital, Digital Currency Group, Swisscom, Cyberstarts, Tenaya Capital, and Cedar Hill Capital. (Cointelegraph)

Ripple Client Nium Raises Over $200M, Riverwood Capital Leads Funding

Nium, a Ripple customer and Singaporean commercial payment company, announced the completion of more than US$200 million in Series D financing, led by Riverwood Capital, Temasek Holdings (Temasek Holdings), Visa Inc, Vertex Ventures, Atinum Group of Funds, Beacon Venture Capital, Rocket Capital Investment, DoorDash executive Gokul Rajaram, FIS chief product officer Vicky Bindra, Tribe Capital co-founder Arjun Sethi and others participated in the investment. The financing puts Nium in the "unicorn club" of start-ups. Nium has raised nearly $300 million in total so far.
Nium said the funds would be used to expand its network infrastructure, drive product development and buy new technology and companies. The capital raised will also help accelerate its growth in the U.S. and Latin America, the company said. (Reuters)

The Yield Guild Games Token Auction in the Netherlands ended within 1 minute, with a total financing of nearly 12.5 million US dollars

Yield Guild Games launched the YGG DAO community application token YGG sale on the SushiSwap MISO platform. This sale was sold out within 1 minute, and IDO ended early. According to MISO data, a total of 32 addresses successfully participated, with a total financing amount of US$12,496,000 and a unit price of 0.49984 USDC. Among them, a single address (0x71d88062…D8463557) fetched the highest bid of 4,528,000 USDC.
It is reported that Yield Guild Games is a decentralized autonomous organization (DAO) dedicated to investing in NFTs in Metaverse and blockchain games.

global policy

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global policy

U.S. Lawmaker: Financial Stability Oversight Board Should Use Powers to Address Cryptocurrencies

U.S. Democratic Congressman Warren said that the U.S. Financial Stability Oversight Committee (FSOC) should use its powers to address cryptocurrency issues.

Executive Director of China Anti-Money Laundering Research Center: Financial technology innovation is becoming the hardest hit area for money laundering crimes

On the eve of the implementation of the new regulations on anti-money laundering supervision, the Business Management Department of the People's Bank of China (Beijing) disclosed the information on administrative punishments from No. 18 to No. 21 of Yin Guan Penalty [2021], and many institutions and relevant responsible persons were fined. In order to further improve the anti-money laundering regulatory system, the "Financial Institutions Anti-Money Laundering and Anti-Terrorist Financing Supervision and Management Measures" initiated by the central bank will be implemented on August 1 this year. Yan Lixin, executive director of the China Anti-Money Laundering Research Center, said that with big data, With the rapid development, popularization and application of cloud computing, artificial intelligence, blockchain and other cutting-edge technologies, criminal means such as money laundering and terrorist financing are constantly being refurbished, and their concealment and destructiveness are constantly increasing, especially financial technology innovation The field is becoming the hardest hit area for money laundering crimes. (People's Daily Online)
Kazakhstan will soon have the possibility to open cryptocurrency bank accounts. According to reports on the 24th, citizens of Kazakhstan will have the opportunity to invest in Bitcoin, sell the cryptocurrency on the exchange market, and convert the income into legal currency. Cryptocurrency exchanges registered on the basis of the Astana International Financial Center (AIFC) will soon begin a pilot project in cooperation with local banks, allowing customers to officially and publicly trade cryptocurrency.

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It is reported that the pilot project is expected to last for one year so that the Kazakh government can assess the risks and benefits of digital assets. While the circulation of digital currencies is currently banned in Kazakhstan, market experts expect that after the project is completed, the ban on cryptocurrencies in the country will become less clear, or be lifted entirely. (The Astana Times)

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SBF: FTX achieves carbon neutrality and has paid $1 million to purchase carbon emission credits

FTX founder Sam Bankman-Fried (SBF) tweeted that FTX has completely achieved carbon neutrality. According to SBF, FTX spent US$1 million to purchase 100,000 tons of carbon emission credits to offset the carbon emissions of the trading platform. In addition, SBF will commit at least $1 million to permanent carbon capture and storage and provide $500,000 in funding for other research aimed at mitigating climate change.

Trader: London hard fork and EIP-1559 will drastically change Ethereum's monetary policy

Trader Brian Kelly said in a guest CNBC show that the upcoming London hard fork and the much-watched EIP-1559 will greatly change Ethereum's monetary policy, which will not change after often facing criticism of unlimited supply. A deflationary currency, which would boost ETH’s claim as a “store of value.” (U. Today)
CoinShares Report: Multi-asset investment products maintained their positive performance this year, with an inflow of $3.1 million last week

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