Wu Jiezhuang: Oppose the tax increase proposals put forward by the public, including virtual asset stamp duty
Wu Jiezhuang, a member of the National Committee of the Chinese People's Political Consultative Conference and a member of the Legislative Council of the Hong Kong Special Administrative Region, expressed his hope for the budget proposal's principles of zero taxation, less fees, increased vitality, and opposition to different tax proposals suggested by the public, including the collection of value-added tax on assets, departure tax, and virtual asset stamp duty, during a meeting with Hong Kong Special Administrative Region Financial Secretary Chen Maobo and Deputy Secretary Huang Weilun this morning. He believes that it is necessary to enhance the development momentum of various industries, break down barriers, and vigorously develop the Web3 industry.
Cointime January 21 News Express
1.Morgan Stanley: The Fed is now expected to slow down the pace of balance sheet reduction starting in June2.Three addresses transfer UMA to CEX after UMA rises3.South Korea’s Financial Supervisory Authority issues tips to prevent the spread of cryptocurrency scams4.LBank will list AMB and open for trading at 16:00 on January 255.HashKey Exchange: Due to the system upgrade of our partner Standard Chartered Bank, the recharge will be delayed next Monday.6.Celestia ecological pledge project CelestLoan will launch its first round of token sales on January 307.Trezor: The third-party ticket portal was accessed without authorization, but user assets were not affected8.MagicSquare(SQR) will be listed on Gate at 6pm tomorrow night9.Revolut partner BSC-857 protocol platform has completed BSC-Web3 deployment10.Ondo Finance announces launch of first batch of Ondo points program
MagicSquare(SQR) will be listed on Gate at 6pm tomorrow night
On January 21st, Web3 app store MagicSquare(SQR) announced on social media that Gate will be launched tomorrow night at 6 o'clock.
Crypto venture funds eye recovery in 2024, but capital remains tight
Investors are focusing on more liquid, growth-ready startup opportunities as crypto venture capital continues to recover.
Huawei Launches Web3 Node Engine Service, Boosting Blockchain Development
Huawei has launched its Web3 Node Engine Service (NES) to support decentralized financial (DeFi) developers in managing blockchain nodes. The NES currently supports over eight Layer One (L1) and Layer Two (L2) blockchains, including Ethereum and BNB Chain, and integrates with MEV-boost to optimize staking rewards. The service is designed to simplify node management and reduce development costs, potentially driving wider adoption of digital assets. Huawei's entry into the blockchain technology space is recognized as a significant stride toward the broader adoption of digital assets and blockchain applications.
The encryption/Web3 field accounts for about 40% of New York’s local “unicorns”, and OpenAI’s valuation may exceed US$100 billion
TechCrunch, a US technology media outlet, released a report called "Unicorn Club", which pointed out that the number of unicorns with a market value of over 1 billion US dollars has increased by 14 times in the past 10 years, and the industry scope has expanded to include areas such as cryptocurrency and climate. Cryptocurrency "seems" to be one of the major trends of the past decade, with Coinbase reaching a market value of 76 billion US dollars in November 2021 after going public, and now it is about 32 billion US dollars. OpenAI is about to become the first AI super unicorn, with an estimated valuation of over 100 billion US dollars. New York City currently has 100 unicorn companies, of which about 40% are cryptocurrency/Web3 fintech companies, including OpenSea and Chainalysis.
Web3 music startup TRAX completes approximately US$2.9 million in financing on ICP blockchain
Web3 music startup TRAX has announced the completion of a decentralized round of financing of approximately $2.9 million on the ICP blockchain (a total of 314,000 ICP tokens). After this round of financing, TRAX will operate as a decentralized autonomous organization (DAO) controlled by TRAX's new governance token holders, with the funds raised stored in the TRAX DAO treasury for TRAX holders to decide how best to use them. TRAX plans to build a content aggregator and social marketplace to help artists create digital spaces for their super fans.
Web3 platform BlockGuard receives equity investment from blockchain IT company Pixelette Technologies
Web3 platform BlockGuard has announced that it has signed an equity partnership agreement with London-based blockchain IT company Pixelette Technologies and has obtained its equity investment. Pixelette founder and CEO Asif Ashiq Rana has joined BlockGuard as an advisor. The company revealed that Pixelette Technologies holds 5% of the shares, but the specific investment amount has not been disclosed. Pixelette will build the tokenized gold system proposed by BlockGuard and focus on improving security and user experience on the underlying blockchain.
imToken responded: Due to the nature of the decentralized wallet, user assets are not affected by this inclusion in IAL.
The Monetary Authority of Singapore (MAS) added imToken, a non-custodial Web3 wallet service provider based in Singapore, to its Investor Alert List (IAL). In response, imToken stated that it was added to the IAL because its headquarters are in Singapore and it has not applied for a Singapore financial business license. It should be noted that due to imToken's decentralized wallet nature, user assets are not affected by this inclusion in the IAL.
OC-X, the accelerator of Web3 education platform Open Campus, launches a US$10 million fund
Web3 education platform Open Campus will launch its decentralized identity identification Open Campus ID on January 23. Open Campus ID will enhance the educational experience and provide learners with control over their educational data, thus providing support for students, educators, and educational institutions around the world. In addition, the Open Campus accelerator OC-X will deploy a $10 million fund and introduce 100 educational startups. OC-X has introduced several companies such as Skizaa, EduCup, Collective, Atiom, and Patika.dev to the Open Campus alliance, with a total of 1.8 million learners.
