headlines
Andre Cronje denies rumors of his return to the crypto industry: "It's all a hoax"
News Andre Cronje (AC) has denied that he plans to return to the encryption industry.
Recently, when asked about the rumors on Twitter that he was about to return to the crypto industry, AC made it clear: "I left crypto." It's all a scam."
Mining pool 2Miners: Ethereum's move to PoS instead of PoW was its biggest mistake
2Miners, a mining pool, said that Ethereum’s shift to PoS instead of PoW was its biggest mistake. 2Miners noted:
1. Ethereum adopts PoW and GPU mining, and individuals can participate in mining with a minimum of a few hundred dollars; PoS requires 32 ETH (about 60,000 dollars at present), which reduces the degree of decentralization.
2. Pledging 32 ETH faces huge risks, such as being stolen, slashed, and price fluctuations.
3. The profit of PoS is 10 times that of PoW, but there is no profit for miners, and ordinary users lose their source of income.
4. PoS security is questionable.
The Hong Kong Securities Regulatory Commission reminds investors to pay attention to the risks related to NFT
The Hong Kong Securities Regulatory Commission stated that it has recently noticed that some NFTs cross the line between collectibles and financial assets, such as subdivided or homogeneous NFTs with a structure similar to "securities" or especially "collective investment schemes". Create NFTs. If an NFT constitutes an interest under a collective investment scheme, the promotion or distribution of the NFT may constitute a "regulated activity". Anyone wishing to carry on a regulated activity must be licensed by the SFC unless exempted. (interface)
cryptocurrency
Analysis: Celsius may be technically insolvent
The Terra community launched a new proposal on "0.5% LUNA emergency fund allocation" for three groups
Terra community members initiated a new proposal on "0.5% LUNA Emergency Fund Allocation", proposing that three groups are eligible for emergency fund allocation: projects launched on Terra Classic and achieving product market matching and TVL, projects launched and implemented on Terra Classic Projects with product-market fit but no measurable TVL, projects that have not yet achieved product-market fit (pre-PMF) (both pre-launch and post-launch), and recommend allocation of $100,000 to $300,000 to eligible pre-PMF teams of LUNA funds.
Lido Developer Proposal Suggests Lido DAO to Sell 10,000 ETH
Security Team: ACC Token Rug Pull, Loss of $120,000
On April 12, 2022, ACC token deployer 0x8045f108f39a3b4efa77b00d166a44479691902e minted 7900,000 ACC tokens to 0x8045f108f39a3b4efa77b00d166a44479691902e.
secondary title
There is a bug in the Treasure DAO NFT market, and the team is currently fixing it
GameFi and NFTs
There is a bug in the Treasure DAO NFT market, and the team is currently fixing it
According to Treasure DAO, an NFT market on Arbitrum, there are problems in the NFT market that cannot be displayed on the main page of the NFT series when the pending order is sold, and the floor price is not updated in time. The team is currently fixing the bug. Treasure DAO means Bug or related to subgraph.
Developer: BAYC token contract owners have the right to mint an unlimited number of new BAYC
CryptoPunk #3825 may be traded at 0.1 ETH due to misoperation, the previous transaction price was 80 ETH
According to feedback from users in the encryption community, the NFT is one of 6039 male Punks, and the transaction price on March 22, 2022 was 80 ETH. This ultra-low price transaction may be due to misoperation, and the transaction was executed by "flashbot" .
Premier League Officially Submits NFT and Digital Asset Trademark Applications
Fung, an Amsterdam-based encrypted payment infrastructure startup, has completed a $2.7 million Pre seed round of funding, led by Global Founders Capital, Kingsway Capital, Kindred Capital and Karatage. (sifted)
Investment and Financing
Regions of Sports, a sports media production company, announced the completion of a US$50 million Series B financing, led by Shamrock Capital, with participation from Elysian Park Ventures and Cerro Capital. Ameeth Sankaran, CEO of Religion of Sports, said that the company’s post-investment valuation will exceed $100 million, and the financing will be used to expand more innovative projects, such as creating NFTs for athletes.
It is reported that Regions of Sports was co-founded by Tom Brady, Michael Strahan and film producer and entrepreneur Gotham Chopra. (Axios)
Fung, an Amsterdam-based encrypted payment infrastructure startup, has completed a $2.7 million Pre seed round of funding, led by Global Founders Capital, Kingsway Capital, Kindred Capital and Karatage. (sifted)
Rainfal, a centralized data monetization platform focused on privacy by design, announced the completion of a $1 million Pre seed round of financing.
Negentropy Capital and BikeRush, a Ride-to-Earn project, invested US$2 million in the Singapore game studio Boring Games Studio, and will jointly create P2E strategy card and football management games. At the same time, the upcoming HeroRush card strategy game will integrate BikeRush Some Token economic models continue to expand BikeRush's Web3 positive externality ecosystem.
Learnoverse, an educational metaverse platform under BitDegree, completed $1 million in financing, with participation from Mistletoe and others. Specific financing information has not yet been disclosed.
It is reported that BitDegree currently has more than 1 million users. By providing a virtual world specially designed for Web3 learning, the learning content and experience are gamified, where learners, lecturers and brands can interact and impart knowledge through NFT. Additionally, the concept of Learn & Earn in Education will be used to reward learning and motivate students to complete courses. (PR Newswire)
Rainfall Completes $1 Million Pre Seed Round Financing, Charly Kleissner and Others Participate
Rainfal, a centralized data monetization platform focused on privacy by design, announced the completion of a $1 million Pre seed round of financing.
Charly Kleissner, co-founder Toniic, Katapult Foundation, D3Jubilee, Brigitte Mohn and others participated in the investment. Funding will accelerate the expansion of partnership programs, expand the technology platform and further build the team. (City AM)
It is reported that PancakeSwap is a decentralized exchange platform (DEX) based on the BNB chain, which adopts the automatic market maker (AMM) model and allows users to trade, exchange and mortgage BEP-20 Token.
Binance Labs Announces Strategic Investment in PancakeSwap
According to official news, Binance Labs announced a strategic investment in PancakeSwap’s utility and governance Token CAKE. The specific investment amount has not yet been disclosed.
It is reported that PancakeSwap is a decentralized exchange platform (DEX) based on the BNB chain, which adopts the automatic market maker (AMM) model and allows users to trade, exchange and mortgage BEP-20 Token.
global regulation
Japan’s Ministry of Justice Proposes Amending Laws to Confiscate Crypto Assets Used for Money Laundering
The Japanese Ministry of Justice has announced amendments to the Organized Crime Punishment Act to confiscate crypto assets used for money laundering. The Japanese Ministry of Justice plans to gradually formulate the specific content of the amendment bill after discussions at the Rule of Law Review Conference in mid-2022. For example, it may discuss how to deal with cryptocurrency-specific "private keys" and other structures.
Foreign media: The Indian government is about to issue tax guidelines related to cryptocurrencies
The Indian government plans to issue a set of guidelines by July 1 after revising the scope and definition of VDAs for effective tax administration of virtual digital assets (VDAs). The Central Board of Directors of Direct Taxes (CBDT) has reportedly been asked to prepare the guidelines.
The source said the government is unlikely to reduce the 1% tax deduction at source (TDS) that applies to almost all digital asset transfers, arguing that TDS will help track possible profits in cryptocurrency transactions but does not want to show it in income tax returns. people.
Some industry representatives, including CoinSwtich Kuber CEO Sumit Gupta, have asked the government to reduce the TDS to a range of 0.01% to 0.05%.
Uganda's central bank has changed its attitude towards the cryptocurrency industry, encouraging related companies to enter its regulatory sandbox
Uganda’s central bank is open to the idea of cryptocurrency businesses participating in its regulatory sandbox, inviting members of the Blockchain Association of Uganda (BAU) to share their knowledge with the central bank.
In June 2021, the bank launched a regulatory sandbox framework to allow fintech companies to test "innovative financial solutions" in a controlled environment, hoping to promote the development of domestic electronic payments and other digital financial services.
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Ethereum core developer: The mainnet merger date needs to be determined after the two testnets are merged
BAYC co-founder: Discord is not for the Web3 community
