1. Bit Origin raised $6.74 million to build a new mining facility.
Bitcoin mining company Bit Origin has announced that it has received a $6.74 million investment to build a new mining facility in Wyoming. The data center will be a new 25-megawatt (MW) site designed to accommodate between 4,480 and 8,400 Bitcoin miners.
2. Binance's new CEO: Binance currently has no plans to go public.
Binance's new CEO Richard Teng and co-founder He Yi launch AMA in the Chinese community. Richard Teng said Binance has no plans to go public at this time and does not need to do so. We currently have no need for external funds, no debt, and no plans to go public in the short term. The current focus is to continue to improve the product and make more investments in serving users.
3. Binance's new CEO: The role of the independent ombudsman is to observe Binance's efforts in anti-money laundering compliance.
Binance's new CEO Richard Teng and co-founder He Yi launch AMA in the Chinese community. Richard Teng answered Golden Finance's question, "After the U.S. ** dispatches a compliance officer and has Binance data, does Binance's coin listing, investment, operation and other decisions need to be approved by the U.S. compliance officer?" What does the U.S.-based compliance officer oversee? The so-called compliance is not the United States, but an independent ombudsman.
His main role is to oversee how well Binance is doing its anti-money laundering compliance, which is actually a good thing for Binance. We've made a lot of investments in compliance and anti-money laundering over the past two years, and we've done a great job. The independent monitor, who can help users discover the commitments and investments made by Binance, is responsible for observing Binance's efforts in anti-money laundering compliance.
4. Binance: The U.S. regulator's investigation was triggered by past behavior, and measures have been taken to correct the history.
On December 12, Binance released an article "U.S. regulators' evaluation of Binance's compliance improvements", Binance said: When Binance was first launched, there were not enough compliance controls to meet the needs of its rapidly growing company, Binance took full responsibility for past behavior, and is currently working with U.S. institutions, including accepting strong oversight of compliance and sanctions control programs, and will continue to take active measures to correct historical problems.
The U.S. agency's investigation was sparked by past actions, and statements from U.S. regulators OFAC, the Department of Justice, and Fincen describe Binance's measures in terms of cooperation, as well as AML, CFT, and KYC. But it helped create a comprehensive compliance program that is seen on Binance today.
5. HashKey Exchange and New Huo Tech will cooperate in virtual asset compliance**.
According to official information, Hashkey Exchange, a licensed virtual asset exchange in Hong Kong, announced a partnership with New Huo Tech Holdings***1611HK, Sinohope) officially reached a strategic cooperation and signed an MOU agreement, and the two parties will carry out in-depth cooperation in cutting-edge industries such as secure storage and custody of virtual assets, Openloop clearing and settlement network, virtual asset compliance**, STO, RWA, and public chain technology.
The two parties agreed to complement each other's advantages in Web3 products and solutions such as virtual asset storage, custody and payment at the product solution level, to help customers experience virtual asset services conveniently, and to jointly develop customized solutions for the market or important customers in the future. In terms of virtual asset compliance** cooperation, New Huo Tech's subsidiary, New Huo Asset Management (Hong Kong)**, to the extent permitted by relevant laws and regulations, its compliant** products will also carry out compliant virtual asset transactions on HashKey Exchange in accordance with the ** strategy.
6. The Financial Services Agency of Japan extended the order for FTX Japan to hold assets in Japan for three months.
The Financial Services Authority of Japan has extended the order of FTX Japan, the Japanese subsidiary of bankrupt cryptoasset exchange FTX Trading, to hold assets in Japan for three months under the Financial Instruments and Exchange Act.
7. Slow mist cosine: The Bitcoin inscription CVE vulnerability does not mean that it is necessary to fix it, and whether it is fixed depends on the attitude of Bitcoin Core.
Yu Sine, the founder of Slow Mist, said on social media that the Bitcoin serial number inscription was deducted with a CVE number, which was originally a community dispute, but the controversial party submitted the matter to a far-reaching vulnerability platform like CVE, and vulnerability platforms such as NVD (what many people say are the most important institutions in the United States) also adopted CVE numbers, and the entire security and even IT industry recognized these standards. But there is an objective fact: CVE vulnerabilities do not mean that they will be fixed or necessary, especially if the vulnerability score is not high, such as the Bitcoin serial number inscription, 53 points (out of 10 points), medium-risk vulnerabilities, if we look at the details, there are several indicators that affect this final score, some of which are 0 points, and the impact "impact" indicator is only 14 points.
If this is the case, whether the final fix will depend on the attitude of Bitcoin Core, and whether it will be implemented after the repair depends on the attitude of the mining pools and influential people.
8. Members of the Hong Kong Legislative Council: There is no problem with the existing regulation of virtual assets.
Li Weiwang, a member of the financial services sector of the Hong Kong Legislative Council, said that some licensed companies reported that the official ** was imitated for promotion, and pointed out that there have been many fraud cases in recent months, and there are opinions in the community that "many of the virtual assets are fake", so they hope that the remarks can be corrected. He pointed out that there is no problem with the existing regulation of virtual assets, and the public can check whether a company is licensed through official channels.
Tang Shengxing, chairman of the Hong Kong Analyst Association, said that the Securities Regulatory Commission should strengthen education work, and suggested that if Hong Kong is to develop into an international virtual asset center, part of the bond issuance of large-scale projects can be carried out in the form of virtual assets such as tokens, so that the public can participate in investment through formal official channels and strengthen the recognition of virtual assets.
9. BSN: Blockchain technology will be used to verify the real-name identities of 1.4 billion people in China.
The Blockchain Services Network (BSN) announced that blockchain technology will be used to verify the real-name identities of 1.4 billion people in China, and China's Ministry of Public Security, with the help of BSN, led the initiative called RealDid. The launch of RealDID's services will enable users to register and log in anonymously with DID addresses and private keys**, ensuring that business data and transactions remain decoupled from personal information, BSN said in a press release as the world's first national-level real-name decentralized identity system.
It is reported that BSN China is operated by the State Information Center of China in cooperation with China's large technology companies China Mobile and China UnionPay. Its international operations are independently managed by BSN Global, an independent, firewall-protected entity.
10. Malaysia**: The cryptocurrency investigation team handled the amount involved in the case as high as RM1 billion.
Datuk Seri Namli, director of the Commercial Crime Investigation Bureau (BCB) in Bukit Aman, Malaysia**, noted that the bureau set up a cryptocurrency investigation team as early as 2018, which was subsequently launched on May 31, 2022, becoming the first cryptocurrency investigation team in Southeast Asia. The team has also assisted various domestic and foreign institutions and has so far analysed a total of 532 e-wallets with a case value of up to RM1 billion.
Disclaimer: The above content does not constitute any investment advice, investment is risky, and participation should be cautious.