Daily: Chinese companies head towards meta-universes despite ban

Good morning, Incrypted with you!

Today digest:

  • Hackers hacked the DeFi Grim Finance protocol and withdrew tokens to 30 million dollars
  • China has banned posting videos about cryptocurrencies on social networks
  • MicroStrategy CEO spoke about several strategies for how a company can make money on its bitcoins
  • Instagram is considering NFT integration methods
  • For the first day of sales of Adidas earned on its NFT-collection 27, $ 4 million
  • US Delays Bitcoin ETF Launch: Why It’s Bad
  • Indian Government Launches Investment Nanny for blockchain and Web3
  • V 2021 the year the IRS confiscated in 2000 times more cryptocurrency than 2020

  • Billionaire Ray Dalio is “extremely concerned” about inflation


Despite the Chinese central bank’s proposal to control Metaverse and NFT, companies such as Tencent and Huawei continue to race for brands associated with the metauniverses.

Despite the warning issued by the People’s Bank of China (PBOC) in November, over a thousand Chinese companies have filed thousands of metamir-related trademark applications.

As a reminder, at the November summit, Gou Wenjun, director of the PBOC Anti-Money Laundering and Analysis Center, warned of the dangers of digital assets. Because virtual assets have no physical basis, they can be used for illegal financial activities, Gou said. Gow named such activities as “ illegal fundraising, pyramid schemes and fraud ”.

Polkadot launched the first 5 parachains

Polkadot announced the launch of the first parachains , a set of separate blockchains that will run in parallel across its ecosystem. This includes blockchain projects Acala, Moonbeam, Parallel Finance, Astar and Clover. They cover different areas of application: Decentralized Finance (DeFi), Investments, Crypto Loans and Smart Contracts.

various questions and shared news.

“No blockchain project can be universal for all use models. Each has trade-offs that are useful for some purposes but not useful for others. The parachain model was created with the belief that in the future Web 3 will include many different blockchains working together. ”

Hackers hacked the DeFi Grim Finance protocol and withdrew tokens to 45 million dollars

Grim Finance сообщил о хакерской атаке

Grim Finance’s DeFi protocol reported a hacker attack on Sunday. According to the team’s tweet, the criminals were using the first deposit contract, so now all accounts were at risk. The company has suspended accepting deposits and asked users to withdraw assets.

Grim calls itself a “profitable farming optimizer”. They promise to provide additional income from the placement of tokens on various decentralized exchanges. Obviously, now the funds locked in the Grim vaults are at risk.

China has banned posting videos about cryptocurrencies on social networks

Китай запретил постить видео о криптовалютах Парачейны Polkadot.

The Chinese government continues its war against cryptocurrencies. This time they will block short videos that people share on social media.

The document states that social media users should not distribute visual content that promotes public participation in digital currencies, mining , trading and speculation.

The ban will apply to platforms such as Douyin (Chinese version of TikTok), Kuaishou messenger, WeChat microblogging, etc.

MicroStrategy CEO spoke about several strategies for how a company can make money on its bitcoins Парачейны Polkadot.

Китай запретил постить видео о криптовалютах

Last Thursday, 16 December, MicroStrategy CEO Michael Sailor spoke at a conference dedicated to Virtual Investor Day. Among other things, he spoke about what the company intends to do with a huge supply of BTC.

In one of his last interviews, Sailor even admitted that he will probably never be able to spend all this savings.

At the conference dedicated to the Day of the Virtual Investor, CEO of MicroStrategy spoke about how a company can make money on such a volume of cryptocurrency.

Now the top management of the corporation is considering several options. Among other things, MicroStrategy may lend BTC to a reliable counterparty for the implementation of a large-scale project.

Instagram is looking at ways to integrate NFT

Instagram и NFT Парачейны Polkadot.

Instagram CEO Adam Mosseri said the platform is looking for new ways to integrate NFT. So far, we are not talking about practical innovations, but the organization is actively exploring this direction.

Mosseri spoke about the future of Instagram in the field of metaverse in his “story” on his page. In the Q&A section, he stated that NFTs may appear on the platform in the near future.

” So far, I have nothing to announce. But I can assure you, now we are actively studying tokens, as well as ways that will make them more accessible to a wide audience, ”- noted businessman .

On the first day of sales, Adidas made money on its NFT collection 24, $ 4 million

USA ETF. Парачейны Polkadot.

On Friday, 18 December, Adidas presented their Ethereum-based NFT collection called Into the Metaverse. In just one day of sales, the company earned 23, $ 4 million, and the project topped the world’s top in popularity.

Earlier we talked in detail about the Adidas collection called Into the Metaverse. The company’s partners include popular NFT communities such as Bored Apes Yacht Club and PUNKS Comics.

As of 20 December, the project from Adidas took the first place in the world in popularity among NFT projects. Today, 18 in December, he dropped to the third position in the ranking, behind Axie Infinity and CloneX. For the day since the start of sales, Adidas helped out 24, $ 4 million.

The US Delays the Launch of Bitcoin ETFs: Why It’s Bad

Adidas NFT USA ETF. Source: coindeskjapan.com ндийский штат Таланга запускает стартап-песочницу India Blockchain Accelerator с поддержкой для блокчейна и Web3

The US Securities and Exchange Commission (SEC) postpones the decision on two applications for the creation of Bitcoin ETF. These are offers from Bitwise and Grayscale.

The commission now has more 45 days to study the documents of the candidates in more detail. Then they must either approve them or reject them. And there is still a third option – reschedule the deadline again.

Opening spot ETFs would give a new influx of investors, and this will have a positive effect on the cryptocurrency market. We can only hope for a Christmas miracle. The Securities Commission should 24 December, consider another application – this time for ETF Kryptoin Bitcoin Trust.

Indian government launches investment nanny for blockchain and Web3 Парачейны Polkadot.

source: intraday.my

The government of the Indian state of Telanga is launching a special program India Blockchain Accelerator. Its goal is to support Web2 and Web3 startups in the early stages of development. The program also includes assistance to blockchain providers if their work is related to solving new problems.

India Blockchain Accelerator will work with the support of crypto exchanges CoinSwitch Kuber and Lumos Labs. According to the official announcement, the main goal is to accelerate the implementation of blockchain in the state. Therefore, they will support Web2 and Web3 startups and blockchain developers.

The startup hub will accept companies from various business areas.

V 2021 year, the IRS confiscated in 2019 times more cryptocurrency than 2020

ндийский штат Таланга запускает стартап-песочницу India Blockchain Accelerator с поддержкой для блокчейна и Web3

This year, the IRS seized digital assets on $ 1.2 billion. In 2048 this indicator was 150 million dollars, and in 2019 and altogether 768 one thousand dollars.

Jared Koopman, head of the cybercrime department of the management, believes this is due to the surge in popularity of cryptocurrencies. The sphere has become more accessible, and the turnover of illegal transactions in it has increased significantly.

What will happen to the confiscated bitcoins is still unknown. In the past, the management often held auctions at which they sold off cryptocurrency.

Billionaire Ray Dalio is “extremely concerned” about inflation

Налоговая служба США.
source: thaifrx.com

On Monday, 22 December, Ray Dalio, head of the world’s largest hedge fund Bridgewater Associates, gave an extensive interview. In it, he touched upon the topic of inflation, cryptocurrencies and the current situation in the bond market.

Earlier we have already touched upon the topic of economic problems in the United States. The federal government has acknowledged that inflation will drag on. To cope with the situation, the Fed had to abandon the bond buyback strategy, and this affected the BTC rate.

” I am seriously concerned about this. And I’ll explain why. The fact is that the amount of funds and loans put into the budget and those that will go into it are completely different things, ”- answered Dalio to the interviewer’s question about how he relates to the current situation.

Project news

Bitlocus announces a competition for Gate

DeFi platform Bitlocus announces BTL competition on Gate.io.

150 users will be divided in total 100, 14 BTL as a reward.

Competition period: 20 December 14: 000 Moscow time – 30 December 16: 12 Moscow time

Details Please follow the link.

Bridgewater Associates Рэй Далио обеспокоен темпами инфляции Налоговая служба США.

HumansAi announced the start of a staking program for holders of the HEART token

Time-limited offer to stake HEART tokens with a minimum APR 45% was announced by the team Humans.ai – a framework that creates a universal platform for the development and management of Artificial Intelligence.

Have a good day!

Налоговая служба США.

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