- India will block nine exchange websites; Binance releases 23-year report, users increased by 40 million (12.29)
headlines
Indias Financial Intelligence Agency issued a document announcing that it has issued compliance reasons notices to nine exchanges under the Prevention of Money Laundering Act (PMLA), and has written to the Secretary of the Ministry of Electronics and Information Technology of India to request that their websites be blocked, including Binance, Kucoin, and Huobi. HTX, Kraken, Gate.io, Bittrex, Bitstamp, MEXC and Bitfinex.
Binance 2023 year-end report: ushering in more than 40 million new users, annual growth of 30%
Binance released its 2023 year-end report. In terms of security and compliance, Binance has strengthened its compliance program globally, investing US$213 million and holding licenses, registrations and authorizations in 18 jurisdictions. Binance responded to 58,000 law enforcement requests by investing $21.3 million in strengthening compliance technology, processes, and talent, and working with law enforcement globally. The platform’s SAFU fund reaches $1.2 billion to protect users’ assets during emergencies.
To promote the popularity of Web3, Binance introduced the Binance Web3 Wallet in 2023, which is directly integrated into the Binance application, allowing users to manage crypto assets, conduct multi-chain token exchanges, earn profits, and interact with multiple zones. Blockchain platform for interaction. In addition, Binance Square became the gateway to Web3 content, with the number of creators increasing from 1,200 to 11,000 and the number of active users increasing to 1.6 million.
Industry news
Cathie Wood: There are tax and regulatory uncertainties about GBTC
According to a post by Eric Balchunas, Cathie Wood said on BBTV: There is tax and regulatory uncertainty with GBTC, we dont know who will be approved, we know we have met the standards, but we dont know about others.
Bloomberg Analyst: ARK Invest liquidates GBTC and uses half of the funds to buy BITO
Bloomberg ETF analyst Eric Balchunas posted on the Bitcoin Strategy ETF) shares, which may be used as a transition tool.
Recently, there have been remarks in the community that there has been a large-scale wallet theft on the Solana network. SlowMist pointed out that tens of thousands of Solana wallets have been stolen, and at least US$580 million in digital assets have been leaked. According to X platform user @blockpunk 2077, the comment was posted by a fake account that copied his avatar and name, and the relevant security company has not issued any relevant security warnings.
Investment and financing events
BRC 20.com completed US$1.5 million in financing, led by UTXO Management
BRC 20.com announced the completion of US$1.5 million in financing, led by UTXO Management, the asset management arm of Bitcoin Magazine’s parent company BTC Inc. Zanshin Capital Management, Unbroken Chain, One Block Capital, Sora Ventures, OWL Ventures, Bitcoin Frontier Fund, Hamble and New Tribe Capital and others participated in the investment.
HIVE Digital announces completion of C$28.75 million in financing to expand Bitcoin mining
HIVE Digital Technologies announces the successful completion of a C$5.00 buyout private placement financing of 5,000,000 special stock options, for total proceeds of C$25,000,000. The underwriters elected to exercise an additional 15% special option, increasing total financing to C$28,750,000. The financing will be used to expand Bitcoin mining scale, working capital and general corporate purposes. The underwriters receive a 6.0% cash commission and broker stock options equal to 6.0% of the total stock options. The underlying securities will be subject to a statutory restriction period of four months and one day. (GlobeNewswire)
Project News
Unibot: Trading Bot for Solana will be launched
Unibot announced on the X platform that it will leverage its important partnerships with Jupiter and Birdeye to launch a dedicated Bot designed for Solana’s high-speed on-chain transactions.
Damus responded: Do not accept the 50,000 NOSTR allocated by Nostr Assets because it is a scam
In response to Nostr Assets allocating 50,000 NOSTR to the Damus team to promote the development of the Nostr ecosystem, Damus posted on the X platform: This is a scam. We do not accept its behavior. This is an affinity scam. Nostr Assets is trying to legitimize themselves under the name Nostr in order to defraud people. We are currently seeking grant funding, but will not go through a token scam. Please send your junk coins elsewhere.”
Yeti Finance, the Avalanche ecological lending protocol, issued a document on the
Currently, YETI holders can redeem approximately 90% of the current treasury, with the remainder used for necessary gradual cost reductions. The protocol-owned liquidity in the Trader Joe LP pool has been withdrawn and the AVAX portion of the pair has been contributed to the community redemption pool. Tokens held or allocated to current team members will not be redeemed to ensure that all assets flow into the community.
