Holiday Highlights Tips:
1. The International Tax Union publishes fraud risk signal indicators for the NFT market
2. Musk changed his Twitter avatar to Sotheby's auctioned boring ape series
3.Fei Protocol was attacked, losing more than 28,000 ETH and about $80.34 million
4. Near Cross Chain Bridge Rainbow Bridge has returned to normal, no loss of funds
5. The Otherside Metacosm completes the first batch of plot casting
6. Buffett: Bitcoin does not produce value, it does not buy Bitcoin
7. Musk: Twitter is permanently free for ordinary users and plans to go public within three years of the acquisition
8. Data: Ronin Network attackers' addresses have almost 100% of their stolen funds
Regulatory messages
The International Tax Union publishes fraud risk signal indicators for the NFT market
According to CoinDesk, the International Tax Union has released a list of "red flag indicators" on fraud in the NFT market to help banks, law enforcement and private businesses fight criminal activity. The document lists 24 "red flags" for the NFT market and breaks them into "strong" and "medium" indicators according to the degree of fraud risk. Among the "strong" indicators are phishing scams, fake token giveaways, social media impersonation and other potential money laundering transactions and signs of money laundering. The Medium indicator includes non-existent contract addresses, missing information in the project description, and code reused in the NFT. The guidance is the first of its kind issued by the Joint Chiefs of Staff of Global Tax Enforcement , also known as J5 .
The President of Uzbekistan signs the cryptocurrency regulatory decree
Uzbekistan President Shavkat Mirziyoyev has signed a cryptocurrency regulatory decree that provides definitions of terms such as crypto assets, exchanges and mining, and identifies the main regulators of the industry. The task of cryptocurrency regulators is to implement national policies in the crypto economy and protect the rights of investors. At the same time, it is also responsible for bringing blockchain technology into the public sector and combating money laundering, terrorist financing, and weapons proliferation through cryptocurrencies. From January 1, 2023, citizens and companies in Uzbekistan will be allowed to buy, sell and exchange cryptocurrencies through crypto service providers. Uzbekistan legalized cryptocurrency trading in 2018, but at the end of 2019, the government banned local residents from buying cryptocurrencies. At the end of last year, Uzbekistan eased restrictions on domestic cryptocurrency trading, and residents of the country will be able to trade digital currencies on cryptocurrency exchanges licensed in the country.
India requires crypto exchanges to keep user data for five years
According to Cointelegragh, the Computer Emergency Response Team (CERT) under India's Ministry of Electronic Information Technology has issued a new directive requiring cryptocurrency exchanges, VPN providers and data centers to keep user data for 5 years. According to the newly issued directive, crypto exchanges operating in India are required to store data such as customers' names, ownership patterns, contact information, etc. Crypto exchanges and VPN service providers must also report any cyber incident within 6 hours of occurrence and must hand over the collected data to the authorities as ordered.
NFT
Ethereum
BNB Chain
Musk changed the Twitter avatar to sotheby's auction of boring ape series
Musk changed his Twitter avatar to boring ape BAYC series puzzles, the middle bayc series #5809. The BAYC all belonged to the 107 NFT series at last year's Sotheby's auction, which ultimately sold for $24.39 million. Michael Bouhanna, Sotheby's head of digital art, tweeted that while she appreciates you, I hope you delete the avatar I made for sotheby's auction, or it could be posted after obtaining the original buyer's authorization.
Zhu Xiaohu bought the boring ape BAYC 9729 and used it as a WeChat avatar
According to Weibo netizens Jerome_Loo Zhu Xiaohu, managing partner of GSR Ventures, bought BAYC 9729, and his latest WeChat avatar showed AS BAYC 9279. According to Opensea data, BAYC 9279 was bought by Allenzhu.eth 170 ETH at about 18:40 Beijing time on April 29, 2022, and Zhu Xiaohu's English name is Allen Zhu.
Jay Chou regains the stolen boring ape, and Huang Licheng transfers to his new address
NFT lending platform BendDAO tweeted that Jay Chou's lost boring ape BAYC #3738 was finally returned to its original owner, and Huang Licheng transferred to Jay Chou's new address. Earlier, PANews reported that BendDAO bought it for 164.69 ETH to prevent its circulation on the black market and safely stored it in the BendDAO protocol, and gave it back to Huang Licheng for free on April 29. Previously, in January, Huang Licheng presented BAYC #3738 to Jay Chou. On April 1, Jay Chou posted on social media confirming that the boring ape BAYC #3738 NFT, which had been given by a friend, had been stolen.
Starbucks will build the Web3 platform and launch its first NFT
According to official sources, Starbucks will build a Web 3 digital "third space" based on blockchain technology and launch the first NFT. Based on blockchain technology, Starbucks plans to build the Digital Community Web3 platform into an easily interactive, widely accessible front-end combination. In addition, Starbucks announced that it will create a series of NFT collectibles and establish a partnership. According to previous news, Starbucks CEO Howard Schultz said that Starbucks will be involved in the NFT business by the end of 2022.
Hyundai Motor officially launched the NFT platform and launched the NFT series "Shooting Star"
According to official news, south Korea's Hyundai Motor's NFT platform has been officially launched, and Hyundai Metamobility, the Hyundai metacosm, has also been opened. At the same time, South Korea's Hyundai Motor also launched the NFT series "Shooting Star", which contains a total of 10,000 NFTs, which will be minted on Ethereum from May 9 to 10.
Asset management giant VanEck launches community NFTs
According to BusinessWire, global asset management giant VanEck announced the launch of VanEck Community NFT, which aims to push more investors and blockchain enthusiasts to join the VanEck crypto community. VanEck will mint NFTs on the Ethereum blockchain, releasing a total of 1,000, divided into three categories: ordinary (750 in total), rare (about 230) and legendary (about 20). Holders of each NFT will receive benefits based on the categories of NFTs they hold, such as reading VanEck's digital asset research in advance and participating in face-to-face and virtual online events.
Former Universe
The metaverse platform Cryptovoxels was renamed Voxels
Cryptovoxels, a metaverstem platform, announced that it was renamed Voxels at 8:00 a.m. Beijing time on May 4. Cryptovoxels is a metaverse built on Ethereum, where players can own land. According to the previously released 2022 roadmap, Cryptovoxels will set the upper limit of land issuance to 70,000 blocks, and will launch an official transaction and leasing platform by the end of 2022.
McLaren founded the Metaversity Studio MSO Lab
British supercar brand McLaren has set up meta-universe studio MSO Lab to drive the next step in The McLaren's meta-universe strategy. MSO Lab will create a new Web 3 digital community, while also working with the McLaren design team to release an exclusive limited edition McLaren NFT. The first limited edition NFT product, the Genesis Collection, is coming soon in the coming weeks, but is by invitation only. McLaren also said that MSO LAB community members can get some exclusive benefits, such as unlocking access to member-only channels, interacting with the MSO team, getting future airdrops and other exclusive incentives. As previously reported, McLaren announced that it will partner with meta-universe infrastructure provider InfinitIteWorld to create and cast supercar NFTs and plans to create a marketplace for selling NFTs.
Shenzhen launched blockchain legislation research to help the development of the meta-universe industry
According to the Shenzhen Special Economic Zone News, the Shenzhen Information Service Industry Blockchain Association recently organized a blockchain legislation seminar in shenzhen Greater China International Exchange Plaza to open the legislative research on the trust mechanism of the meta-universe. This is another major move for Shenzhen to help the development of the meta-universe after releasing the first batch of domestic meta-universe standards. Ji Xiangji, executive vice president of the Shenzhen Times New Economic Development Research Institute, believes that blockchain legislation has independent legislative significance, which is not only a powerful supplement to the Regulations on the Promotion of Digital Economy Industry in the Shenzhen Special Economic Zone (Draft for Comments) and the Shenzhen Data Regulations, but also the blockchain technology itself reflects the characteristics of distributed data storage, peer-to-peer transmission and consensus mechanism, encryption algorithm, smart contract, etc., and is a new application of computer technology; blockchain legislation should reflect the networkability and openness of the blockchain Starting from the basic and other values, it is more reflected in the function of enabling hundreds of industries of the blockchain, as well as the added value and extended value generated by the blockchain + specific industries.
Project dynamics
The cross-chain bridge Hop Protocol plans decentralized governance
The Cross-Chain Bridge Hop Protocol plans to decentralize governance and hand it over to the community, with details to be released this week. In July last year, Hop Protocol officially launched a cross-chain bridge, which supports USDC transfers between Ethereum and Polygon. At present, Hop's total hedge value has grown to about US$130 million, and the cumulative trading volume has reached US$2 billion.
Near Cross Chain Bridge Rainbow Bridge has returned to normal with no loss of funds
Alex Shevchenko, CEO of near ecological EVM chain Aurora, tweeted that the cross-chain bridge Rainbow Bridge has returned to normal, there is no loss of funds, and the specific circumstances of the attack will be announced later. Previously, according to Alex, there was some unusual activity at rainbow bridge, and cross-chain operations between NEAR, Aurora and Ethereum were suspended for a while.
The Otherside Metacosm completes the first batch of plot castings
Yuga Labs Metacosmology Project Otherside officially opened the casting of NFT plots At 9 o'clock on May 1. As a result, the Ethereum Gas fee once soared. According to Dune Analytics data, the first batch of Otherside meta-cosmic plots Otherdeed minted a total of 55,000, the highest Gas fee is 45556 Gwei, and the lowest Gas fee is 190 Gwei. A total of 28746 transactions were successful, with a transaction fee of 60234 ETH, 13805 transactions failed, and a transaction fee of 1608 ETH. Related reading: "Boring Ape" Metaverse Otherside is coming! Here's everything you want to know
Fei Protocol was attacked, losing more than 28,000 ETH and about $80.34 million
Fei Protocol officially tweeted that it had noticed multiple uses of Rari Capital's Fuse pool, had identified the root cause and suspended all borrowing to mitigate further losses. And shouted hackers, if you can return the user's funds, will get a bounty of 10 million US dollars. According to the security agency Chengdu Chain Security, Fei Protocol was attacked, with losses of more than 28380ETH, about 80.34 million US dollars, and the attacker's address 0x6162759eDAd730152F0dF8115c698a42E666157F. BlockSec analyzed and found that the Rari Capital pool was attacked due to the classic reentrant vulnerability. Its function exitMaket is not protected by reentrant.
The stolen funds of parity wallets in 2017 changed, and 9300 ETH pieces were transferred to Tornado Cash
The data shows that 9,300 ethereums from Parity's multi-signature wallet stolen funds in 2017 were transferred to TornadoCash about 2 hours and 50 minutes ago. According to previous reports, in 2017 a hacker took advantage of a vulnerability in the Parity wallet to transfer more than 150,000 ETH (worth about $30 million when hacked), and since then recovered 377,000.
Coinbase updated the asset listing process to enhance internal controls
Coinbase CEO Brian Armstrong said in a post on Coinbase's official blog that it will update the coin listing process and strengthen internal controls, which are aimed at avoiding insider trading. Armstrong writes, "Someone inside Coinbase always intentionally or unintentionally leaks information to an outsider who engages in illegal activities. We have zero tolerance for this and monitor it, and will investigate with external law firms where appropriate. ”
Zhao Changpeng: The income model is crucial to the sustainable development of the project
Zhao Changpeng, founder of Binance, said in a tweet that incentive mechanisms such as "playing and earning", pledge, and airdrop can effectively attract new users. But if the project doesn't have an "income" model, the token price will eventually collapse due to oversupply. The proceeds can be anything a user buys with tokens, virtual goods paid to developers, network fees, etc. The key to the success of a project is to build the products that people use. If a project wants to be sustainable, the revenue model is greater than the incentive mechanism.
WARREN BUFFETT: Bitcoin doesn't produce value, it doesn't buy Bitcoin
At Berkshire Hathaway's shareholder meeting this year, Buffett said that unlike farms and apartments, Bitcoin does not produce value, and its price will only depend on how much the next person who buys it is willing to pay. Even if he could buy all the bitcoins in the world for $25, he wouldn't buy them. Investors are attracted to Bitcoin because of its magic, and people will be obsessed with this magic. Meanwhile, Charlie Munger also commented on Bitcoin at the shareholders' meeting that investing in Bitcoin is stupid and that Bitcoin is evil because it undermines the Federal Reserve System. Some countries ban the use of Bitcoin as a wise move. If someone suggests you put all your pension money into Bitcoin, say "no."
Musk: Twitter is permanently free for regular users and plans to go public within three years of the acquisition
Musk tweeted that Twitter is permanently free for regular users, but may charge a fee for business and government users. According to previous reports, according to sources, Musk said he plans to let Twitter go public within the shortest three years after acquiring it.
Privacy Infrastructure Nym's Innovation Fund received a $300 million investment commitment
According to The Block, privacy infrastructure Nym announced the launch of the Nym Innovation Fund and has received $300 million in investment commitments from investors including Polychain, Greenfield One, Huobi Incubator, Tioga Capital, Eden Block, NGC Ventures, HashKey Capital, Figment, Distributed Capital, OKX Blockdream Ventures, Tayssir Capital, KR1, Lemniscap and Andreessen Horowitz (a16z), among others. The fund will be used to attract developers to its ecosystem, with a single grant ranging from $50,000 to millions. Last November, Nym completed a $13 million funding round, valued at $270 million.
People familiar with the matter: A16z plans to invest $500 million in Indian startups and has begun contact talks
According to TechCrunch, citing people familiar with the matter, a16z is planning to invest $500 million in Indian startups. The person also said that a16z's partners in India have begun to engage with several Indian startups. Meanwhile, SoftBank, Alpha Wave Global and Tiger Global have also significantly increased their investment in India in recent quarters. SoftBank alone invested more than $3 billion in Indian startups last year and plans to invest $10 billion this year, SoftBank said. Over the past 18 months, Tiger Global has helped build nearly 24 unicorns in India.
Solana network downtime The mainnet has been suspended for blocking, and the official is investigating the restart
At 5:00 a.m. Beijing time on May 1, Solana officially said that the mainnet beta has suspended block production, and the authenticator operator should be ready to restart in the mb-validators on Discord. Officials said that the mainnet was down because the mainnet poured in up to 4 million transactions per second, causing the network to lose consensus. At present, official engineers are still investigating the reasons for the network's inability to recover, and the verifier operator is ready to restart.
Mining news
Bitcoin miner Argo Blockchain borrowed $70.6 million from NYDIG to buy a miner
Bitcoin miner Argo Blockchain borrowed $70.6 million from AG's subsidiary to buy mining rigs for its Texas-based Helios mine, CoinDesk reported. The loan will be received in eight installments from the end of April to July, with a two-year maturity and an annual interest rate of 12%. Argo received a $26.6 million loan from NYDIG back in March, and the total loan now stands at $97.2 million.
Important data
Data: Ronin Network attackers' addresses have almost 100% of their money stolen
According to the monitoring of the sky eye on the Ouke cloud chain chain, the ronin Network attacker's address was transferred out of 12595.3 ETH (about 36 million US dollars) to the new address 0x08723392ed15743cc38513c4925f5e6be5c17243 at 15:32:25 Beijing time on May 4. As of May 4, the funds stolen from the ronin network attackers' addresses had been basically all claimed, leaving only about 1.8 ETH. According to OKLink ETH browser statistics, the largest Defi theft case in history, the hacker attack address accumulated large amount of transfer out (the amount of transfer out of more than 500 ETH) a total of 28 times, transferred out about 172,000 ETH.
Venture capital funds invested $10 billion in crypto projects in the first quarter of this year, a record high
According to Reuters, Pitchbook data shows that global venture capital funds invested $10 billion in crypto projects in the first quarter of this year, a record high and more than double the level of the same period last year. Previous data showed that venture capital funds invested $3.7 billion, $5.5 billion, and $28 billion in cryptocurrency projects in 2019, 2020, and 2021, respectively.