headlines

headlines

U.S. Treasury Officially Adds Digital Currency Regulations to Russia Sanctions Guidelines
The official website of the U.S. Department of the Treasury issued new rules prohibiting Americans from providing any support to Russian oligarchs and entities, including through the use of digital currency or assets for transactions, which took effect on March 1.

Additionally, the U.S. Treasury Department has asked Binance, FTX, and Coinbase to block sanctioned persons and addresses.

Uniswap builds a convenient interface for Ukrainian donations, and any ERC-20 token can be freely donated

Uniswap officially tweeted that it has built an interface that can exchange any ERC-20 token for ETH, and then send it directly to the Ukrainian government in one transaction.

CME to Launch Micro Bitcoin and Ether Options
It is understood that the size of the new micro option contract will be one-tenth of the respective basic specifications of Bitcoin and Ethereum, aiming to provide more trading options for a wider range of market participants. (PR News Wire)

cryptocurrency

cryptocurrency

Coinbase: Won't Blanket All Transactions Involving Russian Addresses
Ukrainian Deputy Prime Minister and Minister of Digital Transformation Mykhailo Fedorov previously publicly called on major cryptocurrency exchanges to block Russian users. In response, Coinbase said: "It will not completely ban all Coinbase transactions involving Russian addresses."
In addition, representatives of Binance also said on Monday that the company has no plans to unilaterally freeze the accounts of Russian users.

Earlier news, the Ukrainian government escalated its rhetoric against Russian cryptocurrency users last Sunday, saying that it is time to crack down on ordinary users. Ukraine’s Deputy Prime Minister Mykhailo Fedorov said he asked “all major cryptocurrency exchanges to block the addresses of Russian users.” (Decrypt)

Binance: No plans to unilaterally freeze accounts of Russian users
After Ukraine demanded that cryptocurrency exchanges freeze their business with Russia, a representative of Binance said on Monday that the company had no plans to unilaterally freeze the accounts of Russian users: “We will not unilaterally freeze the accounts of millions of innocent users of cryptocurrencies. Designed to provide greater financial freedom to people everywhere."

Earlier news, according to Bloomberg News, in response to Western countries imposing sanctions on Russia, Binance said, "We have formed a dedicated global compliance working group, including world-renowned sanctions experts, and are taking necessary measures to ensure that we are safe from those who are subject to sanctions. Sanctioned individuals take action while minimizing the impact on innocent users.” (Reuters)

AMC Theaters will accept DOGE and SHIB payments via BitPay
The world's largest movie theater chain, AMC, will next month allow its users to pay with DOGE and SHIB via BitPay.
AMC CEO Adam Aron tweeted on Monday: “BitPay will support AMC Online Payments on the website by March 19th and the mobile app by April 16th, possibly a few days earlier.”

Ethereum Foundation Announces Funding Program for Academic Research in Ethereum and Blockchain-Related Fields

The Ethereum Foundation Ecosystem Support Program (EF Ecosystem Support Program) announced a $750,000 academic research funding program, hoping to promote academic research in related fields such as Ethereum, blockchain, cryptography, and zero-knowledge proofs. Research, grant application deadline is April 22, 2022.

The Ethereum Foundation Ecosystem Support Program (EF Ecosystem Support Program) announced a $750,000 academic research funding program, hoping to promote academic research in related fields such as Ethereum, blockchain, cryptography, and zero-knowledge proofs. Research, grant application deadline is April 22, 2022.

Ontology Releases Ethereum Virtual Machine and Announces $10M Fund to Support Web3 Developers Built on Ontology
According to official news, Ontology announced the release of its Ethereum Virtual Machine (EVM), which seamlessly connects Ontology and EVM-based ecosystems, increases cross-chain interoperability, and enables EVM-based blockchain developers to easily cross-ecosystem Migrate and seamlessly build applications on Ontology.

Ontology also announced a $10 million EVM fund to support developers building Web3/Metaverse decentralized applications (dApps) on Ontology.

Gavin Wood, the founder of Polkadot, released the transaction records of his donation to the official Ukrainian DOT address on social media. According to the Polkadot browser information, the number of DOTs in the Ukrainian official address has reached 309,939.7, with a total value of more than 6 million US dollars, of which 298,367.2 were donated by Gavin Wood.

GameFi and NFTs

GameFi and NFTs

FC Barcelona plans to create cryptocurrency and launch NFT

Joan Laporta, president of Spanish soccer giant FC Barcelona, ​​said the club rejected proposals to partner with crypto businesses because it wanted to develop its own cryptocurrency and its own metaverse. According to Laporta, as originally announced last November, the club will launch a series of NFTs in the near future. (CoinDesk)

KPMG Canada Buys World of Women NFT, Enters Digital Collectibles
A spokesperson stated that Women #2681 was purchased on February 13th for 25 ETH and transferred to a separate wallet. The company also revealed that it owns the ENS domain "kpmgca.eth."
According to news in early February, the Canadian accounting firm KPMG added Bitcoin and Ethereum to the company's balance sheet, which was the company's first direct investment in encrypted assets. (CoinDesk)

According to news in early February, the Canadian accounting firm KPMG added Bitcoin and Ethereum to the company's balance sheet, which was the company's first direct investment in encrypted assets. (CoinDesk)

The ENS domain name hodl.eth was sold on LooksRare for 55 ETH. Currently, 78 ENS domain names are held under the buyer's address.

Investment and Financing

Investment and Financing

Crypto venture capital firm Electric Capital’s new crypto fund raised a total of $1 billion, and the fund lock-up period may be as long as 10 years
Crypto venture capital firm Electric Capital has raised a total of $1 billion for two new crypto funds: a $400 million fund that invests in equity and tokens; a $600 million fund that invests only in tokens and stablecoins.
Electric Capital declined to name the new fund's backers, noting that it is almost exclusively university endowments, large nonprofits and foundations. Electric Capital co-founder Avichal Garg said this group of investors was critical to the way Electric Capital wanted to invest, and needed to set up the two large funds with investors willing to buy into the 10-year lock-up period. (The Defian)

Previously, on August 4, 2020, Electric Capital launched its second encrypted venture capital fund with a scale of US$110 million.

FTX Launches Charitable Fund FTX Future Fund, Plans to Distribute At Least $100 Million This Year
Subspace Labs, a Web3 scaling solution, completes $32.9 million in financing, led by Pantera Capital and participated by Coinbase Ventures

Encryption exchange VALR completes $50 million in Series B financing, led by Pantera Capital

South African cryptocurrency exchange VALR completed a $50 million Series B round of financing, led by Pantera Capital, with participation from Alameda Research, Coinbase Ventures, and Avon Ventures. The post-financing valuation will reach $240 million. The funds raised will be used to continue to expand in other markets such as Africa and India, and it also plans to join traditional financial institutions such as large banks, insurance companies and hedge funds to assist in building the infrastructure of the exchange.
It is reported that this round of financing is the largest cryptocurrency financing in Africa to date. (The Block)

Subspace Labs, a Web3 scaling solution, completes $32.9 million in financing, led by Pantera Capital and participated by Coinbase Ventures

Subspace Labs, the scalable infrastructure layer solution for the Web3 blockchain ecosystem, has completed $32.9 million in financing, led by Pantera Capital, Coinbase Ventures, Crypto.com, Alameda Research, ConsenSys Mesh, KR1, Hypersphere Ventures, Stratos Technologies, AVG Blockchain Fund , GSR Market and Eniac Ventures participated in the investment. Funding is used to triple the size of the protocol engineering team and deepen integration with blockchain projects, including Polkadot, Kusama, and Ethereum, among others. (Silicon Angle)
Encrypted derivatives platform Thetanuts Finance completed $18 million in seed round financing, led by Three Arrows Capital, Deribit, QCP Capital, and Jump Crypto. Funding will be used to build DeFi structured products. (Block Works)

Encrypted derivatives platform Thetanuts Finance completes $18 million in seed round financing, led by Three Arrows Capital and others

Encrypted derivatives platform Thetanuts Finance completed $18 million in seed round financing, led by Three Arrows Capital, Deribit, QCP Capital, and Jump Crypto. Funding will be used to build DeFi structured products. (Block Works)

DNABLOCK, a Web3 development tool company, completed a $7 million seed round of financing led by Animoca Brands and others, with participation from LD Capital and others

X Rush, a GameFi start-up company, has completed a seed round of financing at a valuation of US$10 million, led by KuCoin Ventures, and the funds will be mainly used for market expansion. (AMB Crypto)

Carbon-neutral blockchain app Nori completes $7 million Series A funding led by M13

Nori, a blockchain application dedicated to improving carbon-neutral transparency, recently announced the completion of a US$7 million Series A financing led by M13 and participated by Toyota Ventures.
It is reported that Nori’s upcoming token NORI will solve another problem in the carbon offset industry: establishing a real price for a ton of carbon dioxide. While developing the NORI token, Nori has built a community focused on carbon removal, connecting farmers, large corporations, crypto NFT artists and crypto enthusiasts, NFT marketplace partners like Rarible, and more.
Nori is a blockchain-based carbon removal marketplace founded in 2017 and headquartered in Seattle, Washington. Currently, Nori achieves carbon removal by supporting farmers to adopt regenerative agriculture projects that sequester carbon dioxide from the atmosphere. In the future, Nori will introduce multiple carbon removal methods. Nori provides transparency and prevents double counting by minting NFTs on the Ethereum blockchain. (Business Wire)

KnownOrigin, an NFT trading platform, completes $4.85 million in financing

KnownOrigin, an NFT trading platform, announced the completion of US$4.85 million in financing, led by GBV Capital and Sanctor Capital, with participation from D1 Ventures, MetaCartel Ventures, LD Capital, PLUTO Digital Media, Colborn and Cao Yin. David Moore, co-founder of KnownOrigin, said he wants to help digital creators monetize their work. Funds raised will continue to be used in the business to further support artists in the field.

Web3 infrastructure app Ramper completes $3 million seed round led by Hashed

According to official news, Web3 infrastructure application Ramper announced the completion of a US$3 million seed round of financing, led by Hashed, with participation from Terra, Polygon, Goodwater Capital, Samsung NEXT, Golden Ventures, R7 Capital, 500 Global, Maple VC and other angel investors.
It is understood that Ramper has released an SDK/API solution for DApp developers to achieve a frictionless user login process. In addition, the project is looking for DApps based on Polygon and Terra to integrate this SDK/API solution. The official stated that it will provide its solutions free of charge and customize them according to the needs of partners to obtain product feedback. Ramper also plans to support other chains soon.

Blockchain analysis company TRM Labs receives strategic investment from JPMorgan Chase

JPMorgan Chase (JPMorgan) announced a strategic investment in the blockchain analysis company TRM Labs, the specific investment amount has not yet been disclosed.
Esteban Castano, co-founder and CEO of TRM Labs, said in a statement: “(JPMorgan’s investment) clearly underscores the importance of the growing crypto economy and building trust and security within this ecosystem to sustain it. Growth matters."

Binance and other strategic investment digital asset exchange MX GLOBAL

MX Global Sdn. Bhd. (MX Global) announced that Binance has made an equity investment in it, and has also obtained an investment in the company's redeemable convertible preference shares (RCPS) from Cuscapi Berhad, a Malaysian digital business solutions provider.

Metaverse project GamesPad announces investment from Animoca Brands

Xunyuan Universe project GamesPad announced that it has received investment from Animoca Brands. The funds will be used to expand the GamesPad ecosystem and increase its adoption among encrypted gamers. (Daily Coin)

GameFi startup X Rush completes seed round at $10 million valuation, led by KuCoin Ventures

X Rush, a GameFi start-up company, has completed a seed round of financing at a valuation of US$10 million, led by KuCoin Ventures, and the funds will be mainly used for market expansion. (AMB Crypto)

global policy

global policy

The court ruled that the virtual currency mining agreement is invalid, and the Sichuan Provincial Development and Reform Commission stated that it had cleaned up many mines at the beginning of the year

Recently, the People's Court of Chaoyang District, Beijing held a public hearing and pronounced a judgment on a service contract dispute caused by the delay in seeing benefits from Bitcoin "mining". Clues to the virtual currency "mining" activities involved in the trial of the case. The Sichuan Provincial Development and Reform Commission wrote back to the Chaoyang Court, stating that it had dismantled several virtual currency "mines" in early 2022, and severely cracked down on virtual currency "mining" and transactions. In this case, the court held that Fengfu Jiuxin Company and Zhongyan Zhichuang Company, knowing that there were risks in "mining" and bitcoin transactions, and that relevant departments explicitly prohibited bitcoin-related transactions, still signed a contract on behalf of "mining" Agreement, this agreement should be invalid, and the relevant property rights and interests arising therefrom should not be protected by law, and the consequences caused by the above actions should be borne by the parties themselves. (The Paper)

According to the news from Inner Mongolia Daily on March 1, Inner Mongolia resolutely curbed the blind development of "two high" and low-level projects, accelerated upgrading and transformation, and deeply tapped the energy-saving potential. Shut down the virtual currency "mining" project, and dynamically "cleared" the key list of virtual currency mining IPs found in monitoring.

character * voice

character * voice

People familiar with the matter: U.S. urges cryptocurrency exchanges to curb Russian sanctions evasion
The Biden administration is asking crypto exchanges to help ensure Russian individuals and organizations do not use virtual currencies to circumvent sanctions imposed on them by Washington, according to people familiar with the matter.
The White House National Security Council and the Treasury Department have sought help from the operators of some of the world's largest trading platforms to thwart any attempt to circumvent strict restrictions on Russia imposed by the United States and its allies.[

The move comes as the Biden administration grapples with how to regulate the asset class amid concerns that cryptocurrencies could be used to circumvent the heavily regulated traditional financial system. Cryptocurrencies are not a substitute for the U.S. dollar, which is heavily used in Russia, but U.S. authorities are actively continuing to crack down on any misuse of digital assets to avoid circumventing sanctions, a White House official said. (Bloomberg)

UK foreign secretary: is looking at avenues Russia can use to undermine sanctions, including cryptocurrencies

British Foreign Secretary Truss said: "We are looking at ways (Russia) can be used to undermine sanctions, including cryptocurrencies." (Golden Ten)

Justin Sun: If Ukraine releases TRX address, it will donate $1 million