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Zcash founder Zooko Wilcox tweeted: “Two of the largest privacy services on top of Ethereum have been shut down: OFAC-sanctioned Tornado Cash and its creator Aztec’s Aztec Connect. Zcash can’t be shut down. I.e. won’t be shut down by ‘Electronic Token Company’ or anyone.”

EthHub co-founder sassal.eth refuted the above remarks, saying: “I really don’t want an industry leader like Zooko to say this kind of crap, and since he banned replying to this tweet, I have to correct this mistake here information.

Tornado Cash was never “closed”, it is still running today, and a majority of validators are still proposing blocks containing Tornado Cash transactions.

Aztec Connect was shut down because the Aztec team wanted to focus on their new product. They made it clear that it wasn’t shutting down due to regulatory pressure. Also, Zcash can be sanctioned in the same way that Tornado Cash is sanctioned (which of course doesn’t mean it will be “shut down”). “

According to the Beosin EagleEye security risk monitoring, early warning and blocking platform of the blockchain security audit company Beosin, in the first quarter of 2023, 61 major attacks in the Web3 field were detected, with a total loss of about 295 million US dollars, compared with 2022. In the fourth quarter of 2019, it fell by about 77%. The total amount of losses in the first quarter of 2023 is lower than in any quarter in 2022.

In addition to attacks, 41 major Rug Pull incidents were detected in the first quarter of 2023, involving an amount of approximately US$20.34 million. DeFi is the type of project with the highest frequency of attacks and the largest amount of losses this quarter. The total loss amount of 42 security incidents reached 248 million US dollars, accounting for 84% of the total loss amount. 80.8% of the loss amount came from Ethereum, ranking first among all chain platforms.

The attack method with the highest amount of loss in this quarter was the flash loan attack, with a loss of about US$198 million in 8 flash loan events; the attack method with the highest frequency was contract vulnerability exploitation, with 27 attacks accounting for 44% of all incidents.

Approximately $200 million in stolen assets was recovered during the quarter. Funding recoveries this quarter are better than any quarter in 2022. Only 41% of the projects attacked were audited.

At the main venue of the “2023 Hong Kong Web3 Carnival”, Chen Maobo, Financial Secretary of the Hong Kong Special Administrative Region Government, said in his opening speech that the development of Web3 should be viewed from the historical perspective of technological change. Technological change leads to business innovation, and business Behavior can also drive change for better technology, and the Internet is one such force for change.

With the rise of blockchain technology, the Internet has entered the Web3 era. Hong Kong will promote the sustainable and responsible development of the virtual asset market. Appropriate regulation is a must, so as to create a sustainable development space.

Now is a golden opportunity for the development of Web3, and it is also a thrilling moment. Looking back at history, the development of Web3 will develop rapidly again after experiencing shocks.

The U.S. Securities and Exchange Commission’s (SEC) crypto crimes unit is seeking to hire general counsel in New York, San Francisco and Washington, D.C.

According to a job posting, recruiters will be tasked with conducting rapid surveys of cryptoasset securities and cyber issues. Other responsibilities include drafting subpoenas, questioning witnesses, evaluating testimony, and preparing litigation-related documents.

The salary for this position ranges from $140,830 to $259,590, depending on where the job is done. The department is continuing to hire after a series of enforcement actions against industry players in recent months.

The team nearly doubled in size about a year ago as it planned to expand to 50 employees. The SEC said it had filed dozens of lawsuits against those looking to take advantage of cryptocurrency investors.

On-chain data analysis shows that Arbitrum whales continue to increase their holdings of its governance token ARB. Among them, Andrew Kang, the co-founder of Mechanism Capital, bought another 1.51 million ARB at a price of 1.23 US dollars, including about 1.85 million US dollars in USDC.

On-chain analyst Lookonchain pointed out that Kang is also a member of PleasrDAO, and he purchased a total of 2.3 million ARB at an average purchase price of $1.24. Another Arbitrum whale — the largest individual holder of the project’s governance token — withdrew 5.85 million ARB ($7.15 million) from centralized exchange Gate.

The entity currently holds 17.62 million ARBs, worth approximately $21.5 million at current prices. A third whale purchased 795,381 ARBs for approximately $1 million in USDC at a unit price of $1.26.

It currently holds 10.6 million ARBs, worth $12.94 million. Finally, the fourth whale address received 532,012 ARB transfers, worth about $661,000, bringing its total holdings to 4.58 million ARBs, worth about $5.59 million.

Cryptocurrency exchanges should not take legal action against regulators, celebrity investor Kevin O’Leary said in an interview Tuesday.

O’Leary said that in Coinbase’s case, it was “better to sit down and work things out” with regulators, and if “US regulators don’t want pledges or loans, then so be it.” Fighting back may not work in their favor in the end.

According to O’Leary, other cryptocurrency exchanges should aim to keep regulators in their favor.

The head of digital policy at Barclays believes that policymakers have not been slow to respond and they do not expect cryptocurrencies to survive.

At the recent Citi Digital Currency Symposium in London, Nicole Sandler, head of digital policy at Barclays, discussed crypto regulations in the UK, Europe, and the US, arguing that policymakers’ apparent lateness was actually intentional.

“I think one of the things that some policymakers have said is they’re leaving this market to do what it wants because they think it’s going to basically die,” Sandler said.

According to news on March 30, Hollywood star Matt Damon explained the reasons for his previous commercials for Crypto.com, mainly because his clean water initiative organization Water.org was in serious financial difficulties at the time.

“Water.org had a down year, and I did this ad to raise money for Water.org,” explained Matt Damon, who once gave Water.org his entire salary because of its financial health. Very bad.

It is reported that in October 2021, the digital currency trading platform Crypto.com reached a cooperation with the water purification project Water.org and donated 1 million US dollars to it.

According to news on March 26, cryptocurrency advocates said that many British cryptocurrency companies find it difficult to obtain banking services because many banks completely limit their interaction with the industry. With SVB, Silvergate, and Signature Banks out of business, U.S. crypto customers have had to find new banking partners. However, the United States is not the only country facing this dilemma.

The UK has crypto banking problems as early as 2021. Su Carpenter, director of operations at CryptoUK, wrote in a letter to Andrew Griffith, economics secretary at the Treasury: “Many major banks in the UK have now imposed bans or restrictions and we fear that other banks and payment service providers (PSPs) may soon follow suit. Emulate.”

CryptoUK is a lobby group advocating for digital assets. Investors also complained on Twitter that banks in the UK have been banning transfers to cryptocurrency exchanges.

Lisa Cameron, MP and chair of CryptoUK, said in a statement that crypto businesses have been unable to open bank accounts with Santander and NatWest Group, an issue she recently raised in Parliament.

Bank of America (BAC) said in a research note on Thursday that California is leading the way as U.S. federal and state agencies consider blockchain applications.

The California Department of Motor Vehicles (DMV) tokenization project is one example of how companies, as well as U.S. state and federal agencies, are using blockchain-based solutions to improve efficiency and reduce costs. 10,000 vehicles will be tokenized, and its vehicle property rights and transfer management system will be completely reformed.

It will issue vehicle titles in the form of NFTs, with ownership recorded on a private version of the Tezos blockchain. The bank noted that other federal and state agencies are also working on blockchain-based solutions. These include the Federal Emergency Management Agency (FEMA), the Department of Homeland Security and the California Department of Food and Agriculture.

Moody’s analysts say the state of Texas could save money and increase transparency by using blockchain to issue bonds. Although the introduction of technology is accompanied by certain risks.

According to the rating agency, such a use case could reduce administrative costs by 35% over the life of a security. The risks of cyberattacks, price volatility and regulatory uncertainty need to be considered. The popularity of digital bonds will take time, although some projects are already underway.

Analysts point to several recently issued municipal debts registered on the blockchain using parallel ledgers. Another advantage of the technology is its immutability, which increases “transparency and verifiability.”

This opens up the possibility for authorities to optimize services, and in some cases even enable mobile voting, the experts added. The rating agency’s report also mentioned mining revenues received by municipalities.

An article by the European Parliament on anti-money laundering rules for commercial crypto payments has caused a stir in the European digital asset industry.

Policymakers hope the loophole of untraceable transactions can be closed by banning payments above a 1,000-euro ($1,070) threshold from unregulated crypto payment service providers operating in the European Union.

However, the industry is concerned that this addition could deviate from the regulatory path already outlined in the final bill, such as the impending regulation of crypto asset markets and money transfers or impede innovation in the decentralized finance space. The legislation is currently being negotiated and is subject to change.

Coinbase said it has integrated Pix, the Brazilian government’s payment system, and began allowing the purchase of cryptocurrencies with the Brazilian real.

The partnership with Pix, which has more than 140 million users, was made possible through a partnership with Ebanx, an end-to-end payment processor in Brazil.

In addition to purchasing in local currency, customers can also withdraw Brazilian reals. Additionally, Coinbase says its app is fully available in Portuguese and offers 24-hour support.

According to the official Twitter of General Bytes, the General Bytes encrypted currency ATM service was attacked on March 17 and 18. The attacker used the upload interface in the system to upload and run a malicious Java program, and then the attacker obtained the database in the server. Permissions and Hot Wallet Withdrawal API Key.

According to statistics from Slow Mist MistTrack, the loss is about 1.8 million US dollars. At present, the official has issued an event announcement and a repair plan. If relevant users operate such services, they can contact the official immediately.

According to previous news, General Bytes also encountered a security incident in August 2022, but the official did not disclose whether any cryptocurrencies were stolen.

According to news on March 19, the FBI revealed that in 2022, American citizens will lose more than 10 billion US dollars due to online fraud, of which 2.57 billion US dollars will be lost to crypto investment fraud.

That compares to $907 million in losses from such fraud in 2021.

“The number of victims of crypto investment scams is at an all-time high, and so are the dollar losses suffered by these investors. Many victims are in huge debt to cover losses from these fraudulent investments.”

On March 18th, the main network of Web3 data storage solution KYVE is now online, and another innovative solution based on the Cosmos SDK is proposed to enhance the developer experience, with the goal of making data a trustless public product.

The KYVE blockchain is divided into two layers: the chain layer and the protocol layer. The chain layer is the backbone of KYVE, which protects the network through DPoS, governs and maintains the overall structure. The protocol layer acts as a decentralized data pool, and protocol nodes can participate in acquiring, storing and verifying data.

On March 21, KYVE’s inflation-supporting governance proposal will be passed to ensure that the KYVE mainnet is more fully functional and secure. The next step is to launch KYVE tokens.

At the same time, the KYVE data pipeline has also been launched, and it will take 6-8 weeks for the first data pool to be launched on the test network and the main network. In the meantime, the data pipeline will continue to pull data from the KYVE devnet Korellia’s data pool.

Midland Education’s 2022 annual revenue from cryptocurrency-related businesses totals 81.599 million yuan, accounting for 20.4% of total revenue

Midland Education released its 2022 annual report. During the year, Midland’s total revenue was 399 million yuan, a decrease of 45.2% from 729 million yuan in 2021. Among them, in 2022, Midland’s cryptocurrency-related business will have a total revenue of 81.599 million yuan, accounting for 20.4% of the total revenue.

Midland Education pointed out that in the fiscal year ending December 31, 2022, Bitcoin mining contributed the vast majority of revenue. Midland Education states that it stores all mined bitcoins in hot wallets or cryptocurrency wallets connected to the Internet, and may convert mined bitcoins into legal tender from time to time to generate cash flow for the subsidiary’s business Operations are financed.

As of December 31, 2022, the subsidiary has a total of 1,754 mining machines, and a total of 1,482 have been deployed, accounting for 84.5%, with a total computing power of 140PH/S. Through subsidiaries, Midland manages and operates our mining machines from three colocation facilities operated by colocation facility owners in Tennessee and Kentucky, respectively. In the fiscal year ending December 31, 2022, a total of 84.9638 bitcoins were mined, generating approximately 16.5966 million yuan in revenue.

On March 16th, according to the “2022 Vietnam Cryptocurrency Market Report” recently released by Coin98 Insights, there are currently about 200 blockchain projects in operation in Vietnam, of which games and metaverse projects account for 28.8%, and DeFi accounts for 26.0%. %, NFT accounted for 12.4%, infrastructure accounted for 11.3%, and Web3 accounted for 5.1%.

Vietnam has more than 16.6 million cryptocurrency holders, second only to Thailand in ASEAN, of which 31% hold BTC; seven of the world’s top 200 blockchain companies were founded by Vietnamese.

Governor Kristi Noem vetoed House Bill 1193, a bill banning the use of cryptocurrencies, including bitcoin, as money, the U.S. state government announced Friday. “This bill would violate the freedom of digital currencies,” Noem’s veto letter said.

The governor explained in the interview that we saw the part of the bill that changed the definition of money. Essentially what it does is pave the way for a government-led CBDC, and it also prohibits the existence of any other form of cryptocurrency, bitcoin or digital money. It’s clearly a threat to our freedom,” noting that South Dakota was the first state “to really look at that bill and find out what’s in it.”

If the government’s CBDC becomes the only legal digital currency, then the government will control how you spend your money, which will take away all your freedom.