Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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| The Chief Executive of Hong Kong stated that he will support the development of Web3; as many as 10 financings in one day (April 12)
Loopy Lu
读者
2023-04-12 01:50
This article is about 1878 words, reading the full article takes about 3 minutes
Douyin and Weibo searches for "Bitcoin" are no longer able to display market prices.

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headlines
Web3.0 plays a key role in the development of financial technology. At the end of last year, the virtual asset policy declaration was issued, which shows that the government has an open attitude and firm determination. Recently, some leading technology companies and high-tech start-ups have considered developing business in Hong Kong, including virtual asset trading platforms, Blockchain infrastructure companies, virtual currency wallets, payment companies and other related projects are believed to help the development of Web3.0. At the same time, the government must establish appropriate supervision for the market, and the new licensing system for virtual asset service providers will be implemented in June to ensure the steady and orderly development of the market.

Industry news

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At present, the search for "Bitcoin" in Douyin and Weibo can no longer display market data, only retaining risk reminders

Project News

Odaily News According to the page, the search for "Bitcoin" in the Douyin App can no longer display market data, and only retains the risk warning "According to relevant national regulations, unofficial virtual currency does not have the same legal status as legal tender, please invest carefully" .

Project News

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Odaily news a16z Crypto Chief Technology Officer @eddylazzarin tweeted that his engineering team released open source tools to provide services for developers, builders and users in the encryption ecosystem. Its latest six libraries cover: - Symbol Testing (Halmos) - Light Clients (Helios) - Auction Design (Auction Zoo) - Private Airdrops (zkdrops) - New Social Networks (zkDocs) - Trusted Setup (evm-powers- of-tau).

Investment and Financing

RSS3 Completes $10 Million in Financing by Selling Tokens to DWF Labs

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Odaily News On April 11, Coin 98 officially announced that it has made a strategic investment in Ramper, a Web3 social login solution, with an undisclosed investment amount. The Ramper team developed a new key management architecture called the Restorative Performance Multiple Encryption System (RPMS). RPMS was built to reach the next billion users by prioritizing speed, security, portability, and ease of use.

Brassica Closes $8M Funding Led by Mercury Fund

Blockchain Founders Capital's fund closes €15 million

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Sei Network completes $30 million in financing at a valuation of $800 million, with participation from Jump Capital and Distributed Global

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Odaily News Sei Network announced that it has completed a financing of US$30 million at a valuation of US$800 million. This round of funds will be used for development and marketing in the Asia-Pacific region. Previously, Sei raised a US$5 million seed round of financing in August 2022. Investors in the new round include Jump Capital, Distributed Global, Multicoin Capital, Asymmetric Capital Partners, Flow Traders, Hypersphere Ventures, and Bixin Ventures.

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It is reported that UXUY is a next-generation innovative decentralized trading platform based on the MPC wallet.

Web3 AI startup ReAI.chat completes $500,000 in financing, FaTLabs invests

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Web3 game development company MPL's Mayhem Studios raises $20 million led by Sequoia Capital

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