Today's Highlights:
1 Canada proposes new regulatory rules or requires crypto exchanges to report transactions above C$10,000
2 Japanese mobile giant LINE will launch the NFT integrated market "LINE NFT" next spring
3 Xinhua News Agency: We should be vigilant against fraud traps under the guise of "meta-universe games" and "cloud mining"
4DappRadar announces token (RADAR) airdrop rules and goes live for trading
5a16z invests in the decentralized autonomous organization PlaisrDAO
6Solana Ventures will launch a $150 million blockchain gaming fund
7Anchorage completed a $350 million Series D funding round at a valuation of more than $3 billion
8NYDIG completed a $1 billion financing round at a valuation of more than $7 billion, led by WestCap
Today's topic: Xinhua News Agency: We should be vigilant against fraud traps under the guise of "meta-universe game" and "cloud mining"
Xinhua News Agency wrote that high-tech concepts such as "meta-universe", "blockchain", "NFT" and "cloud mining" have recently been sought after by the market. The reporter found that there are some apps on the market that defraud money under the guise of "meta-universe blockchain game" and "cloud mining". Have you ever played a blockchain game? Are you scared to see this news? Welcome to discuss in the comments section. We will reward 10 Q coins each for 3 netizens from the interactive users.
Regulatory messages
Canada proposes new regulatory rules or requires crypto exchanges to report transactions above C$10,000
The Canadian Gazette, the official newspaper of the Canadian government, has published a draft of the government's proposed AML/ATF system regulation, and if the draft is finally implemented, then in the future, Canadian cryptocurrency investors and exchanges may face a higher level of market supervision. The draft states that individuals or entities engaged in cryptocurrency business are required to report each transaction in excess of $10,000 and are required to implement a full compliance program and register with FINTRAC. Registration with FINTRAC (Canadian Financial Transactions and Reporting Analysis Centre) is not illegal for most exchanges. As recently reported, several Canadian exchanges have taken voluntary action in an effort to correct regulatory uncertainty. The administration concluded that the cost of compliance with the proposed rule would be only $270112 over the next 10 years.
The Bank of Thailand will release a digital asset regulatory advisory paper in January next year
The Bank of Thailand (BoT) plans to propose comprehensive legislation on the digital asset industry in January next year. The rules are designed to reduce risk in financial networks and provide better protection for investors. Bank of Thailand Governor Sethaput Suthiwartnarueput said in a recent interview with The Bangkok Post that the agency will release an advisory paper on "financial prospects" in January 2022. The document will draw a red line for those dealing with Bitcoin and altcoins.
Despite the growing interest in digital currencies, investing in digital currencies hides certain risks. That's why the proposed rule would seek to provide better protection for those involved in the asset class. The Bank of Thailand will work with the National Securities and Exchange Commission and the Ministry of Finance. The goal of these three sectors is to ban digital assets from becoming a means of payment within the country. Suthiwartnarueput also warned that despite the potential for digital assets to flourish in the monetary system, they are currently highly volatile.
NFT
Japanese communications giant LINE will launch the NFT integrated market "LINE NFT" next spring
LVC Corporation, the crypto asset and blockchain business unit of Japanese mobile giant LINE, is currently offering the "NFT Market β" and will launch the NFT expansion integrated market "LINE NFT" next spring. With the new feature of "LINE NFT", IP holders can complete the initial offering sale and secondary resale circulation of NFTs in one stop on the LINE blockchain, and users can easily purchase the required NFTs in Japanese yen. In addition, NFTs purchased from "LINE NFTs" can be stored in the digital asset management wallet "LINE BITMAX Wallet", which can be instantly connected to the LINE account used by 89 million people in Japan, so users can easily exchange with LINE friends, or LINE users can send NFTs to each other.
It is reported that LINE established the "LINE Blockchain Lab" in 2018 and has been committed to blockchain research and development. Developers can easily issue tokens such as NFTs and build service environments on the "LINE Blockchain", as well as the wallet "LINE BITMAX Wallet", which allows users to easily manage digital assets such as NFTs using a single LINE account.
The unreleased song Demo NFT by well-known American female singer Whitney Houston sold for nearly $1 million
Tezos chain-based music NFT platform OneOf announced that the unreleased song Demo NFT, recorded by renowned American female singer Whitney Houston at the age of 17, was sold for $999999.
According to previous reports in November, music NFT platform OneOf will auction the undistributed song Demo of well-known American singer Whitney Houston in the form of NFT. The song was recorded by Houston at the age of 17. In addition, the NFT collection will be accompanied by works of art by Dian Sinclair and rare photographs from early houston's career. The NFT collection will be on sale during Miami Art Week, which begins Dec. 1.
Hiroshi Fujiwara and Mark Gonzales present the "NON FRAGMENT TOKEN" NFT artwork
Japanese fashion designer, rapper and one of the trendsetters, Hiroshi Fujiwara, together with skater and artist Mark Gonzales, launched the "NON FRAGMENT TOKEN" NFT artwork. Mark Gonzales' iconic cartoon image and the lightning logo representing fragment design can be seen in the trailer. The manner and presentation of the NFT artwork "NON FRAGMENT TOKEN" has not been disclosed.
Former Universe
Xinhua News Agency: We should be vigilant against fraud traps under the guise of "meta-universe games" and "cloud mining"
Xinhua News Agency wrote that high-tech concepts such as "meta-universe", "blockchain", "NFT" and "cloud mining" have recently been sought after by the market. The reporter found that there are some apps on the market that defraud money under the guise of "meta-universe blockchain game" and "cloud mining". Criminals falsely claim that the APP has high technology content and good money-making effect, which attracts people to the bait, causing many users to fall into traps and suffer losses. Experts suggest that the general public should be vigilant against such new types of fraud, and regulators should improve the form of supervision and increase the intensity of supervision.
Project dynamics
DappRadar announces token (RADAR) airdrop rules and goes live with Huobi
DApp store DappRadar officially announced a 1 billion coin (RADAR) token airdrop rule, with a total supply of 10 billion. The token (RADAR) will be launched on exchanges such as Huobi and SushiSwap. On the Ethereum network, registered DappRadar users who have used at least 1 ETH dapp* in the past 6 months can receive 8697 RADAR tokens, and any dapp user who has used at least 1 ETH dapp* in the last 6 months and has used at least 10 ETH dapp* during the wallet lifecycle can receive 5798 RADAR tokens. All of the above snapshots were completed on October 19 (23:59:59 UTC). The latest pick-up time for airdrops is March 14, 2022.
At the same time, Huobi Global will launch RADAR (Dappradar) in the Pioneer Zone on December 15, 2021. The RADAR/ETH trading pair is also available on SushiSwap.
A16z invests in the decentralized autonomous organization PlaisrDAO
Ali Yahya, the general partner of a16z, announced on social media that a16z is investing in the decentralized autonomous organization PleasrDAO, the exact amount of which has not been disclosed. Ali Yahya says DAOs like PleasrDAO are the foundation of Web3. They are a new form of economic organization native to the Internet, enabling people to collaborate on a large scale and achieve goals.
Solana Ventures will launch a $150 million blockchain gaming fund
Solana Labs investment arm Solana Ventures on Tuesday announced a new $150 million fund to support blockchain gaming startups. The fund was launched in partnership with blockchain platform Forte and Griffin Gaming Partners, a venture capital firm focused on the gaming industry. This is the second fund announced by Solara Ventures to focus on blockchain games. Last month, the company launched a $100 million fund in partnership with Lightspeed Venture Partners and FTX.
A solana Labs spokesperson said the fund is priced in dollars, rather than Solana (SOL), and plans to invest in game startups built on the Solana blockchain. The new fund will invest in stakes in startups as well as token rounds of financing, which are expected to be fully deployed over the next 18 months, the spokesman said.
Sudoswap vulnerability post-mortem: It has nothing to do with the 0x contract, the reason is due to the transferFrom function vulnerability
NFT trading platform sudoswap issued a failure analysis for yesterday's vulnerability event, saying that the vulnerability event is not related to the 0x contract, the reason is that the EtherOrc NFT contract does not fully comply with the ERC-721 standard, when calling the transferFrom (address from, address to, uint256 id) function, the corresponding address of the from parameter will not be checked by the system to check whether it has the specified NFT id. This vulnerability can be exploited by some bots. sudoswap said that when some users tried to replace their EtherOrc NFT with WETH, they were "leading" by the bot exploit function vulnerability, and failed to receive WETH in time, and sudoswap has compensated for it. At the same time, the event is not related to 0x, and the suspension of the 0x contract yesterday was a misunderstanding.
Financing messages
Anchorage completed a $350 million Series D funding round at a valuation of more than $3 billion
Cryptocurrency custodian Bank Anchorage completed a $350 million Series D round at a valuation of more than $3 billion, with the participation of asset management giants KKR and Goldman Sachs, along with other investors including Alameda Research, Andreessen Horowitz, BlackRock, Blockchain, Kraken and PayPal Ventures. Diogo Monica, CEO of Anchorage, said, "The Company will partially leverage Series D funding to help its customers, including large banks and companies, expand their crypto offerings. The company will begin building products in 2020, which will be available in the mid-to-late 2022." Monica also predicts that banks will soon start offering crypto products to customers.
PANews reported last month that private equity giant KKR plans to lead Anchorage's Series D funding round, valuing it at about $3 billion.
Brinc completed a $130 million financing, led by Animoca Brands
Hong Kong-based venture accelerator Brinc completed a $130 million funding round, led by Animoca Brands, According to CoinDesk. The company said Brinc completed a $30 million Series B and another $100 million in venture capital. The funds will be used to help Brinc expand to new locations and Web 3, including blockchain-focused DeFi, gaming, and more.
Chain game publisher Ex Populus raised $8.5 million at a valuation of $80 million
Ethereum- and Solana-based game studio Ex Populus on Tuesday announced the completion of an $8.5 million funding round, valuing it at $80 million. Akatsuki Inc, Gerstenbrot Capital, Blockwall Digital Assets, Citizen X, Fisher 8 Capital, Perpetual Protocol, Yolo Ventures, Libra Capital Ventures, 8186 Capital and Sneaky Ventures participated.
Previously, in October, chain game publisher Ex Populus announced that it had raised $3 million in seed round financing with oversubscription.
NYDIG completed a $1 billion funding round at a valuation of more than $7 billion, led by WestCap
Bitcoin investment firm NYDIG completed a $1 billion financing with a valuation of more than $7 billion. The round was led by WestCap and led by Bessemer Venture Partners and FinTech Collective, Affirm, FIS, Fiserv, MassMutual, Morgan Stanley and New York Life.
The funds will be used to further develop NYDIG's institutional-grade Bitcoin platform to support the recently completed Taproot upgrade.
Mining news
Beijing's first bitcoin mining contract case was pronounced: the contract was found to be invalid
The Chaoyang Court in Beijing held a public hearing and pronounced judgment on a service contract dispute arising from the delay in bitcoin mining. The court found the contract invalid in the first instance and ruled to reject the plaintiff's claim to pay a huge amount of bitcoin proceeds. It is reported that this case is the first case in which a Beijing court has found the bitcoin mining contract invalid. After the verdict was pronounced, the Chaoyang court sent judicial suggestions to the Sichuan Provincial Development and Reform Commission, feedback on the clues of the virtual currency "mining" activities involved in the case, and suggested that the relevant departments should clean up and rectify.
The judge reminded that production and business activities should be carried out within the scope permitted by laws and policies.
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