Press Releases TheBitTimes.com

0. Breaking News: Poloniex Exchange Owned by Justin Sun Attacked link On November 10th, according to Peckshield monitoring, Poloniex exchange, owned by Justin Sun, was suspected of being hacked, with around $60 million in assets being transferred. Poloniex tweeted that the exchange’s wallet had been disabled for maintenance, and they would provide updates once the wallet was re-enabled. Justin Sun mentioned that they are currently investigating the Poloniex hack, and the exchange will fully reimburse the affected funds. Furthermore, they are exploring opportunities to collaborate with other exchanges to recover the funds. The hacker moved substantial assets, including $21.73 million in USDT, $14.05 million in BTC, $3.65 million in USDD, $1.78 million in USDC, and more, to different addresses on the Tron blockchain before being frozen. Currently, only $6.54 million remains frozen. The $21.73 million in USDT was exchanged entirely for TRX and sent to TXs71PNcHmxgptA3wQ4g398qbToMPhnEoG. T...

1. Hong Kong SFC Approves Hashkey Pro and OSL’s License Upgrade, Allowing Retail Trading link On August 3rd, HashKey Exchange announced the official upgrade of its Type 1 and Type 7 licenses, making it the first licensed trading platform in Hong Kong catering to retail users. In addition to facilitating fiat deposits and withdrawals, HashKey Exchange will collaborate with Standard Chartered Bank to provide users with fiat fund deposit and withdrawal services. Furthermore, the platform has introduced compliant over-the-counter (OTC) trading, expanding the range of trading options available to users. Following HashKey, OSL(OSL Digital Securities Limited) has also received approval for an upgraded license from the Hong Kong Securities and Futures Commission, with its initial offerings focused on BTC and ETH. 2. US IRS Issues New Guidelines: POS Blockchain Cryptocurrency Rewards Subject to Taxation link On August 1st, according to @BillHughesDC, the latest guidance from the United States...

Top10 News 1. Coinbase sues SEC to force response on cryptocurrency regulations petition link On April 24, Coinbase filed a narrow action in federal court to compel the SEC to respond yes or no to July 2022 petition asking the SEC to use its formal rulemaking process to provide guidance for the crypto industry. Coinbase’s Chief Legal Officer, Paul Grewal, stated, “We don’t take going to court lightly, but we absolutely believe that the SEC is acting unlawfully, and we feel we have no choice but to sue them.” 2. Voyager’s weekly summary a. BinanceUS canceled the purchase of Voyager Digital assets link On April 26, BinanceUS canceled the purchase of Voyager Digital assets. BinanceUS said that the reason is the hostile and uncertain regulatory climate in the United States. Voyager will return value to customers via direct distributions. The U.S. DOJ previously appealed to Binance to stop the acquisition. b. Voyager lawyers ‘surprised’ Binance.US canceled $1b deal link “The debtors ha...

1. The price of the most efficient bitcoin mining rig has risen by 9% in the past two months. The rise in bitcoin prices comes as miners are finally seeing electricity prices plummet — essentially reversing a trend that squeezed their margins and caused some to go bankrupt last year. It’s becoming easier for companies to raise equity capital, allowing them to deleverage.（The Block） Read more 2. Bitcoin miner Bitfarms mined 5,167 BTC at an average mining cost of $10,000 on revenues of $142 million, gross profit of $11 million, an operating loss of $284 million and a net loss of $239 million in 2022, according to a filing with the Securities and Exchange Commission. 3. Pete Sessions introduced the resolution, noting that “PoW mining is an essential process that allows blockchain networks to remain trusted, open, and decentralized in the legislation “Cryptocurrency mining “improves the overall economic viability of renewable energy projects” through the ability to tap into excess supply, ...

Summary: WuBlockchain On March 11, Circle disclosed that 3.3 billion USDC reserves were locked in Silicon Valley Bank, which declared bankruptcy. Coinbase urgently closed the fiat exchange channel and promised to open it when the banks opened on Monday. Whether USDC will be crashed or not, there are currently many discussions. Cobo Founder: Two Key Timing There are two key timing. The first is that there are 3 billion USDC collaterals in the MKR chain to mint DAI. Once the liquidation is triggered, the losses will be heavy. The second is that the bank will open the door to withdraw cash on Monday, and we need to pay attention to the run situation. Binance currently holds 3 billion+ USDC, and needs to pay attention to the exchanges and market makers. ps: MakerDAO launched an emergency proposal about USDC to limit Maker’s exposure to potentially impaired stablecoins and other risky collaterals, while maintaining enough liquidity to prevent DAI from trading significantly above $1 if condi...

Author：William, Special Researcher Editor： WuBlockchain On February 20, 2023, the Hong Kong SFC issued the “Consultation Paper” on crypto currency transactions, marking an important step taken by the Hong Kong government in liberalizing the field of crypto currency transactions. At first, I did not have high expectations for the “Consultation Paper”. The main reason is that the policy of “allowing retail investors to trade cryptocurrencies” has been rumored before, and the second is based on the experience of Japan, South Korea and other countries. It is believed that Hong Kong’s crypto currency policy is basically “allowing 7 million Hong Kong residents to trade a few currencies such as BTC/ETH”, and there has not been much breakthrough. It was not until a few days later that I read the entire “Consultation Paper” that I realized that I had underestimated the will and ambitions of the Hong Kong government. In order to better unveil the “Consultation Paper”, this article will analyz...

Produced by: TechFlow & Hotpot DAO Interview: 0xmin/Sally Excerpts from WuBlockchain He Yi, co-founder and CMO of Binance and head of Binance Labs 1. I’ve always believed that predicting the future is the hardest thing to do, and that new hot spots usually occur in areas that people haven’t really talked about or predicted. Like in the six months to a year before ICO, DeFi, NFT, Metaverse, GameFi and so on came alive, it was hard for anyone to predict exactly which sector would really explode, but they did. A successful sector, like a successful industry, depends on the product ecology of the sector and the industry. Once there is a very innovative and attractive product, it will involve more users, driving traffic, and finally forming the outlet and trend. 2. Every industry has its own cycle and evolutionary process, and innovation will accelerate the development and adoption of the industry. Each winter was warmer than the last; Each cycle, the industry also gets bigger. For exam...