Business News

According to official news, the 2023 Hong Kong Web3 Carnival sub-forum “2023, Where Are the Opportunities for METAVERSE” sponsored by TRON has been opened at the Hong Kong Convention and Exhibition Center.

Dave Uhryniak, head of TRON’s ecological development, shared the topic of “Support of public chain infrastructure for metaverse and multi-dimensional application derivation” through video connection.

Dave Uhryniak said that Hong Kong’s advantages are unique. TRON has been committed to strategic cooperation with sovereign countries and autonomous regions in the fields of encrypted payment, Web3, and metaverse to promote hundreds of millions of users to become citizens of the metaverse and strengthen their relationship with sovereignty. National cooperation is an important development strategy of TRON.

As a Chinese public chain, TRON hopes to reach a cooperation with the Hong Kong government to promote the development of the encryption field in Hong Kong.

According to the official blog, Ripple announced the official launch of the enterprise-oriented cryptocurrency liquidity platform “Ripple Liquidity Hub”, which aims to provide enterprises with an easy and seamless way to manage their cryptocurrency liquidity needs.

According to the blog, the Ripple Liquidity Hub platform is available 24/7/365, leveraging smart order routing to source a variety of digital assets at optimized prices across multiple liquidity venues, including market makers, exchanges, and OTC desks.

USD, BTC, ETH, ETC, BCH, and LTC were initially supported, but XRP was not mentioned. When it announced the plan in 2021, it announced support for XRP.

On April 9th, the security company BlockSec tweeted that it had successfully blocked an attack transaction and saved 100 ETH, and 0xsifu can contact it.

According to previous reports, Paidun tweeted that the SushiSwap RouteProcessor2 contract had Approve-related vulnerabilities, which caused the former CFO 0xsifu of Frog Nation to lose more than $3.3 million (about 1900 ETH). Paidun reminds users to revoke the relevant permissions of contracts starting with 0x044b7 as soon as possible to avoid losses.

Previously, Twitter user Trust stated that he had carried out a white hat hacking attack and transferred 100 ETH of 0xsifu, hoping to return it to 0xsifu, and 0xsifu can contact himself by private message. Trust later tweeted, “This is insane. MEV bots deployed contracts and replicated attacks before I saved everything.”

Cryptocurrency exchange Bitstamp, today announced the launch of new lending services in new European markets, Hong Kong and the United Arab Emirates. Bitstamp has partnered with Finnish lending company Tesseract to offer a white-label platform.

Borrowers on the Tesseract platform must provide 100% collateral for stablecoin loans. The partner uses a different legal entity to separate customer loans and assets from Tesseract’s other partners.

The product is only available in certain European countries, including France, Ireland, Italy and Spain, as well as Hong Kong and the United Arab Emirates.

American fashion brand Ralph Lauren will begin accepting cryptocurrency payments at its new store in Miami’s Design District, becoming the retailer’s first location to do so.

The store is partnering with service provider BitPay to allow customers to pay for items using bitcoin ( BTC ), ether ( ETH ) and Polygon’s token, MATIC.

Additionally, the brand is partnering with Web3 community Poolsuite to release a co-branded NFT that will be gifted to existing holders of the Poolsuite NFT membership collection.

Forbes released the 2023 Billionaires List, and Bernard Arnault of luxury goods giant LVMH became the new richest man in the world.

Elon Musk lost his title as the world’s richest man after his high-priced acquisition of Twitter, while Binance CEO CZ dropped sharply to 167th from 19th last year.

FTX co-founders SBF and Gary Wang also fell off the list. Previously, Alex Atallah, founder of NFT market OpenSea, suffered a rapid decline in assets due to the bursting of the market bubble.

The Snapshot page shows that the comprehensive governance package Arbitrum Improvement Proposal (AIP-1) initiated by the Arbitrum Foundation failed to pass the vote, accounting for 76.67% of the votes against it.

According to previous reports, the Arbitrum Foundation intends to break down the AIP-1 proposal into a series of separate proposal votes, and promises to rework each part of the proposal this week.

It is reported that the allocation of 750 million ARBs may be subject to an independent vote, while providing the Ecosystem Development Fund with background information on how the funds are used and a transparency report on the foundation’s budget.

Vietnamese users of FTX confirmed that they have received an e-mail stating that they will be able to withdraw funds from FTX, including customer codes and claim assets. The Vietnamese FTX user community said that the balance mentioned in the email is the same as their stranded assets on the exchange. totally agree.

However, the email also pointed out that this is only a confirmation “proof” for creditors. The refund schedule and instructions will be determined by the court.

According to previous news, FTX sent emails to customers who were confirmed as creditors, and emphasized that the deadline for claim applications has not yet been determined.

Crédit Agricole CIB, the French agricultural credit bank, announced that it has cooperated with the Nordic corporate bank SEB to launch a sustainable and open digital bond platform “so|bond” based on blockchain technology.

Enable capital market issuers to issue digital bonds on the blockchain network and raise funds and manage securities through smart contracts, leveraging decentralized and efficient infrastructure to modernize and digitize the banking and financial services sector.

It is reported that the platform’s open, transparent and secure model also promotes trust among market participants and allows for further innovations, such as the use of future central bank digital currencies (CBDC).

Cathy Fortune, head of digital at the Bank of England (BoE), said the future will see a hybrid ecosystem of various forms of money, including CBDCs and stablecoins.

A CBDC would also set legal standards, which in turn would help spur innovation. Stablecoins and CBDCs have huge potential to create a new economy, money should be like turning on a light, I’m not thinking about electricity, but the fact that we all use the same energy source makes a big difference.

According to Cathy Fortune, the focus should be on creating a CBDC infrastructure that will allow people to conduct financial transactions more smoothly.

Blocknox, the digital arm of the Stuttgart-based exchange, has received final approval from German financial regulator BaFin as a cryptocurrency custodian.

The license means that Boerse Stuttgart Digital will be able to offer cryptocurrency trading and trust custody services to institutional investors. Institutions expected to take advantage of the offering include banks, brokerages, asset managers and family offices.

Boerse Stuttgart, the sixth-largest stock exchange in Europe, launched a crypto trading app in 2018, which saw more than $1 billion in trading volume in 2020.

Meta, Apple, Google and Microsoft are often accused of collecting and selling the personal data of their users. Government requests for such personal user data are on the rise globally, according to a new study by Surfshark.

The study focuses on the time period from 2013 to 2021, with a 38% year-on-year growth in 2020 being the most prominent, followed by a 25% growth in 2021. Meta, Microsoft, Apple and Google are the four large tech companies considered during the investigation, with Meta being the account of most interest to government authorities.

Two of the five accounts hosted by Meta were requested during the study period (6.6 million). 60% of requests came from US and European authorities. The U.S. requires more than twice as many accounts per 100,000 users as all of the EU countries combined.

LVMH group executives said: LVMH is more advocating Web 2.5

At the Blockchain Week Summit held in Paris, France, Franck Le Moal, Chief Information Officer of the French luxury goods giant LVMH Group, and Nelly Mensah, Vice President of Digital Transformation and Emerging Solutions, said in their speeches that the decentralized “Web 3.0 Ideology” hinders the entry and use of mainstream users.

Nelly Mensah, Vice President of Digital Transformation and Emerging Solutions of LVMH Group, mentioned in his speech that only by protecting the private key can you control your own currency. If the private key is leaked, the assets will no longer be safe.

The above concepts make it more difficult for users to accept Web 3.0, and hinder the acceptance and use of Web 3.0 products by the mainstream public, which is also detrimental to the subsequent development of Web 3.0 technology.

Mensah suggests that more attention to Web 3.0 technologies and less attention to the overall goal of Web 3.0 decentralization will drive mainstream acceptance of Web 3.0 products. A softer “Web 2.5 is a buffer before entering Web 3.0.

According to news on March 24, the media saw hundreds of messages from Discord servers and Telegram groups controlled and operated by Binance, where the accounts of Binance employees or Binance-trained volunteers (called “angels”) Techniques that can be used to circumvent Binance’s KYC, registration and verification systems were shared in the group.

Some of the techniques shared by staff and volunteers involved falsifying bank documents or providing false addresses. Others involve simple manipulation of the Binance system.

Employees, volunteers, and customers also shared video guides and documents showing how to fake residency to obtain Binance’s debit card, which would effectively turn their Binance cryptocurrency into a traditional checking account. The technology shared with customers also calls into question the effectiveness of Binance’s anti-money laundering efforts.

A Binance spokesperson said: “We have taken action against employees who may have violated our internal policies, including falsely soliciting or making suggestions that are not permitted or do not meet our standards. We have strict policies that require all users to submit to We provide country of residence and other personally identifiable information to pass KYC. Binance employees are expressly prohibited from advising or supporting users to circumvent local laws and regulatory policies, and will be immediately terminated or audited if found violating these policies.”

According to news on March 19, the blockchain security company Coinspect Security issued a document stating that through cooperation with the Algorand wallet MyAlgo, the root cause of MyAlgo’s hacking has been determined, and the official announcement will be made soon.

Currently, attacks are no longer active, do not exploit application bugs or vulnerable codebases, do not abuse browser features (such as autofill), private key encryption is not weak, open source MyAlgo components are unaffected.

In addition, the attacker decrypted the private key because they obtained the password, not due to an encryption vulnerability. For affected users, it is recommended to change the wallet password immediately and never reuse it.

According to Binance’s latest announcement, Binance has completed the swap of new STG tokens and original STG tokens on AVAX C Chain, Arbitrum One, BNB Smart Chain (BEP20), Ethereum (ERC20), Fantom and Polygon blockchains, The original STG token will revert to STG as the trading symbol on the Binance platform, and deposits and withdrawals of STG are now open.

The withdrawn STG tokens will use STGOLD as the transaction code. STGOLD deposits are now open, and STGOLD token withdrawals will no longer be supported.

Binance reminds that users who withdraw STGOLD after the initial swap is completed re-deposit STGOLD on the Deposit Crypto page, because STGOLD has no value, and then can continue to exchange STGOLD tokens for STG through the convert function.

BlackRock CEO Larry Fink pointed to several trends in digital assets in his annual letter to shareholders on Wednesday. Beyond the media’s “obsession” with Bitcoin and the FTX debacle, Fink said BlackRock has several areas of interest.

In many emerging markets such as India, Brazil and parts of Africa, we are witnessing huge advances in digital payments, reducing costs and advancing financial inclusion. As for the asset management industry, the operational potential of the underlying technology of digital assets may yield exciting applications. The company will continue to explore the digital asset ecosystem, especially the areas most relevant to our clients, such as permissioned blockchains and the tokenization of stocks and bonds.

Australia’s central bank and Treasury have held a private meeting with international cryptocurrency industry executives to discuss the future of digital assets and regulation in the country.

Tom Duff Gordon, vice president of international policy at Coinbase, submitted an exchange of views on the Token Swap Consultation Paper released by the Treasury Department last month. Token mapping is the process of identifying key activities and functions of products in the crypto ecosystem and mapping them to the existing regulatory framework.

Gordon said that from a central bank perspective, they are interested in financial stability and the link between the fiat traditional financial system and the encrypted system, the Australian Treasury is more interested and involved in developing the framework, we believe that as we move forward, The RBA will increasingly be involved.

According to the news on March 13, the relevant person in charge of Aztec Network, a privacy and expansion solution based on ZK-Rollup, responded in the community: “The decision to shut down Aztec Connect is mainly due to commercial considerations, and no regulatory agency has contacted the team. Aztec The privacy of Connect has caused some problems in the design and increased maintenance costs. The company is focusing on the next-generation version of the protocol, which will support fully programmable smart contracts with privacy by default. Considering the scale of the new project, It required us to dedicate all our engineering resources to get it done. We were still focused on L2 Rollup and never built L1, the strategy never changed we were just moving to the next phase.”

In addition, team members also stated that Aztec will provide users with all exit transactions for free next week. In previous news, Aztec announced that it will gradually shut down Aztec Connect, and will focus on developing new products based on the Noir language in the future.

According to news on March 10, ParagonCoin, an encryption start-up company supported by American rapper Jayceon Terrell Taylor (stage name The Game), was deregistered by the US Securities and Exchange Commission (SEC) for failing to submit periodic reports and violating securities laws.

According to the SEC, the crypto company ignored delinquent letters from an SEC division regarding periodic reports. Additionally, the SEC noted that the crypto startup did not respond to its order to file the lawsuit in February 2022, and did not answer why it should be found in default five months later.

It is reported that ParagonCoin Limited is an encryption company focused on the cannabis industry. The SEC began to file a lawsuit against the company in February 2022, and pointed out that the company’s last document was filed in March 2019, which stated that it The annual loss exceeds 10 million US dollars.