Today's Highlights Tips
1 South Korea will tax cryptocurrency gifts, inheritances, and plans to crack down on cryptocurrency manipulators
2 Swedish crypto-friendly bank Mecro Bank plans to launch NFT collectibles and virtual banking experience
3DCG has partnered with American real estate company Jamestown to create virtual Times Square in Decentraland
4 Recent Polygon vulnerabilities put $24 billion worth of MATIC tokens at risk
5 South Korean crypto exchange Coinone prohibits withdrawals from unverified external wallets
6The Information predicts that sequoia China and its U.S. headquarters will part ways next year
7Avocado Guild has raised more than $17 million through TLA
8Multicoin Capital's first venture capital fund returned more than 28 times
Today's topic
According to the surging news, the "Jinjiang District Special Gift Coupon for the Elderly with Special Difficulties and the Launching Ceremony of the Digital Currency Electronic Elderly Certificate" was held in Jinjiang District, Chengdu. Do you think the digital yuan can help the lives of the elderly? Welcome to participate in the discussion, we will select 5 netizens to send 10QB rewards.
Regulatory messages
Binance will continue to operate in Ontario after partnering with Canadian regulators
Crypto exchange Binance told users in an email that Binance will continue to operate in Ontario after a successful partnership with Canadian regulators, Coindesk reported. "As a result of its continued active collaboration with Canadian regulators, Binance has successfully taken the first step on the regulatory path by registering its monetary services business in Canada as FINTRAC...," the company said. This allows us to continue to operate in Canada and resume our business in Ontario while fully registering." FINTRAC is Canada's national financial intelligence unit.
South Korea will tax cryptocurrency gifts, inheritances, and plans to crack down on cryptocurrency manipulators
According to Cryptonews, South Korean tax authorities have announced plans to start taxing cryptocurrency gifts and inheritance tokens, although this will require a complicated method to pay taxes in a statutory form. In addition, Seoul also announced that it will intensify its crackdown on crypto market manipulation.
According to KBS and Donga Ilbo, South Korea's National Tax Agency (NTS) has announced that from January 2022, citizens will be obliged to pay taxes on crypto gifts or inherited cryptocurrencies they receive from family members or acquaintances. Despite the recent delay in cryptocurrency trading profits in the National Assembly, which means investors can trade tax-free until at least 2023, a tax plan for crypto gifts and inheritance of crypto assets will still be introduced. To help taxpayers meet this new legal obligation, NTS announced it will add a new tool to its website. The widget will allow individuals to calculate the amount of tax they need to pay when they get a cryptocurrency windfall.
NFT
Musk tweeted or satirized the music NFT
Musk tweets or satirical music NFTs. The caption is for the "Demon Days" music album by the virtual band Gorillaz, and the caption says "Can NFTs be made into an album?" "Impossible."
Demon Days is a music album released by the virtual band Gorillaz on May 27, 2005. The album was produced by Damon Albarn and Danger Mouse and features 15 songs. In 2006, album producer Angel Mouse was nominated for Best Non-Classical Producer of the Year at the 48th Annual Grammy Awards for the album, and the album track "Feel Good Inc." was nominated for Record of the Year.
Swedish crypto-friendly bank Mecro Bank plans to launch NFT collectibles and virtual banking experiences
Swedish crypto-friendly bank Mecro Bank announced that a pilot project is currently underway to launch a digital asset custody service in the future. According to the announcement, Mecro Bank plans to launch its own NFT collection and launch a virtual banking experience in a metaversem-based virtual world.
"Metacosmity as a digital financial platform for banking and financial transactions and personal and business interactions has been optimistic," the bank said. In order to make this new environment as immersive and realistic as possible, it will be crucial to manage finances and transactions effectively. ”
Former Universe
DCG has partnered with Jamestown, a U.S. real estate company, to create virtual Times Square in Decentraland
Digital Currency Group (DCG), a blockchain and digital asset investment firm, and U.S. real estate firm Jamestown announced a joint partnership on Wednesday to rebuild Times Square in the decentralized virtual world of Decentraland, which will be the first high-rise development in Decentraland. DCG is one of the largest digital real estate (LAND) owners in Decentraland, and Jamestown is the owner of One Times Square in New York, home to the Countdown to the New Year's Crystal Ball.
Virtual Times Square will launch the MetaFest 2022 Global Party in Decentraland on New Year's Eve, featuring music and entertainment, a rooftop VIP lounge, a CryptoArt gallery and immersive games. Live streams of the real-world Times Square and virtual Zoom parties will be played on digital billboards designed to bring together party lovers from around the world in the Metaverse to celebrate the New Year. In addition to one Times Square, the building blocks cover approximately 170 Decentraland parcels and include five buildings, each with a different exterior and interior design. Jamestown President said: "Rebuilding Times Square in decentraland metaverse is part of a larger digital asset strategy to develop and enhance our Web 3.0 physical real estate and open up new avenues for our assets to exist in multiple metaversms in the future. ”
Project dynamics
The recent Polygon vulnerability put $24 billion worth of MATIC tokens at risk
A white-hat hacker named Leon Spacewalker posted a blog post on immunefi, a bounty platform, saying that Leon Spacewalker reported a serious vulnerability in Polygon on December 3. The vulnerability includes a lack of balance/limit checking in the transfer function of Polygon's MRC20 contract, and could allow an attacker to steal nearly all 9,276,584,332 MATIC tokens (currently worth more than $24 billion as of Dec. 5). According to Leon Spacewalker's report, Polygon took immediate action to fix the bug. In addition, a second white hat hacker, Whitehat2, also submitted a report on December 4 pointing out the same vulnerability, and Polygon subsequently made an emergency upgrade to its mainnet, and on December 5, the block height 22156660 completed a 90% verification node mainnet upgrade, and the vulnerability has been fixed. However, there are still hackers who used the vulnerability to steal 801,601 MATIC before the network upgrade, and the Polygon Foundation said it bears the loss.
Polygon paid Leon Spacewalker a $2.2 million stablecoin prize and a 500,000 MATIC token (currently worth about $1.26 million) to Hacker2, for a total of about $3.46 million in bounties to two white hat hackers. The market for MATIC does not appear to have been affected by the vulnerability, and as of press time, MATIC is trading at around $2.45.
South Korean crypto exchange Coinone prohibits withdrawals from unverified external wallets
According to The Block, South Korean cryptocurrency exchange Coinone announced that it will no longer support withdrawals to unverified external wallets such as MetaMask and Ledger. The change will take effect on January 24, 2022. At the request of the South Korean government, other large Korean crypto exchanges, including Upbit, Bithumb and Korbit, are likely to announce similar restrictions. According to previous reports, the Financial Intelligence Unit (FIU) of the Financial Services Commission of South Korea has approved Coinone as a Virtual Asset Service Provider (VASP).
The Sandbox plans to migrate the game to Polygon in 2022 and launch a DAO
Sebastien Borget, co-founder and co-operating officer of Ethereum-based metaversary game The Sandbox, said in an interview that in 2022 the game will launch an Alpha-like game test period every few months to get more feedback from the owners of the land ( LAND ) , Decrypt reported. The Sandbox will also be migrated to Polygon to reduce transaction fees and network congestion when interacting with the game.
In addition, Borget said The Sandbox will launch a DAO for LAND owners in 2022. Once creators who hold LAND are able to build and share their interactive experiences and the game migrates to Polygon, The Sandbox will be more widely available to the public, even those who don't buy LAND, Borget said.
Algofi and the Algorand Foundation launch a $3 million liquidity mining program
Algorand Ecology's first algorithmic stablecoin agreement, Algofi, announced that it has partnered with the Algorand Foundation to distribute 2 million ALGO units worth approximately $3 million through the Aeneas liquidity program in the first quarter of 2022. Starting in January 2022, Algofi users will receive algorithmically based ALGO rewards when they borrow ALGO, STBL, USDC, goBTC, goETH. The algorand foundation's Aeneas program is funded by the $300 million Viridis fund announced in September to accelerate the growth of the Algorand DeFi ecosystem.
Earlier, Algorand's ecological DeFi lending platform Algofi announced the completion of a $2.8 million seed round. In addition, Algofi has launched the mainnet on Algorand in mid-December.
Mattcha Aggregator: There are no plans to issue tokens now and in the future
Matcha, a decentralized exchange aggregator, tweeted today that the project has no plans to issue tokens now and in the future. Matcha has launched the Polygon network, and Matcha users can now trade more than 1,000 tokens on Polygon, taking advantage of increased scalability and lower Gas fees.
Multicoin Capital's first venture capital fund returned more than 28 times
Crypto investment firm Multicoin Capital announced that its hedge fund assets have soared 20287 since its inception in October 2017, according to Axios, and according to sources, its first venture capital fund has returned more than 28 times (net of fees). Multicoin Capital's hedge funds hold relatively few bitcoins. Instead, its recent spike has been largely due to bets on newer crypto companies and their tokens. Among the projects with the highest return on investment are Solana, Helium and Arweave.
In May, Multicoin raised $100 million for its second venture capital fund and is currently raising $250 million for its third venture capital fund.
Financing messages
The Avocado Guild has raised more than $17 million through TLA
The P2E gaming guild Avocado Guild has raised $17.46 million through the Token Offering Auction (TLA) at Copper Launch, with 38% of the tokens sold. The Avocado DAO Token (AVG) auction, which lasts for 5 days starting December 27, is still ongoing. According to previous reports, Avocado Guild completed a $18 million Series A financing, led by Animoca Brands, and invested by Three Arrows Capital, Golden Tree Management, Solana, LD Capital, Hashed, Binance Capital Management, etc., with a post-investment valuation of $200 million.
Important data
Stats: Bored Ape Chemistry Club transactions totaled more than $100 million
According to NFTGO data, the total trading volume of bored Ape Chemistry Club (BACC) has exceeded $100 million and is currently $102,200,825.16.
It is reported that the Bored Ape Chemistry Club (BACC) is composed of 10,000 mutant serums, which are Bored Ape Yacht Club (BAYC) derived NFTs, divided into M1, M2, and Mega levels. Mega Mutant Serum was sold #69以999 ETH (approximately $3.8 million), setting a record for the highest dollar transaction in the BACC series.
Data: Metis hedging exceeded $200 million, a record high
According to L2BEAT data, the layer2 base protocol Metis hedging has increased by 237.63% in the past 7 days to a record high of $208 million.