| Terra releases Terra 2.0 airdrop rules; STEPN announces that it will check accounts in mainland China (May 27)
headlines
STEPN announced that it will clear accounts in mainland China
According to official news, in order to actively respond to relevant regulatory policies, the Move to Earn application STEPN announced that it will check the accounts in mainland China. If users in mainland China are found, STEPN will delete the account on July 15, 2022 (UTC+ 8) Stop providing GPS and IP location services at 24:00. If the user expects to log in and use the account at the GPS or IP location in the area for a long time, the official encourages the user to make their own decisions to deal with the assets in the application. During this period, more details will be notified to users through official social media announcements, emails, in-app notifications, etc.
headlines
STEPN announced that it will clear accounts in mainland China
According to official news, in order to actively respond to relevant regulatory policies, the Move to Earn application STEPN announced that it will check the accounts in mainland China. If users in mainland China are found, STEPN will delete the account on July 15, 2022 (UTC+ 8) Stop providing GPS and IP location services at 24:00. If the user expects to log in and use the account at the GPS or IP location in the area for a long time, the official encourages the user to make their own decisions to deal with the assets in the application. During this period, more details will be notified to users through official social media announcements, emails, in-app notifications, etc.
ARK Invest Submits Physical Bitcoin EFT Application to US SEC
News ARK Invest has submitted to the US Securities and Exchange Commission (SEC) the physical bitcoin EFT application documents after the rule change.
According to the application documents, the ARK 21Shares Bitcoin ETF provides exposure to the price of Bitcoin in the spot market and plans to be listed and traded on the Cboe BZX Exchange, while the SEC has not yet approved any physical Bitcoin ETF.
Terra officially released the Terra 2.0 airdrop rules. The snapshot time before the attack is at block height 7544910 (22:59:37 Beijing time on May 7th), and the snapshot time after the attack will be at block height 7790000 (Beijing time on May 27th at 3 :59:51 or so). Users who held LUNA (including pledge) or less than 500,000 aUST in the snapshot before the attack and held LUNC (including pledge) or UST in the snapshot after the attack can get airdrops of new LUNA tokens.
Project News
According to Terra, the estimated airdrop ratio is the snapshot before the attack: 1 LUNC airdrops 0.9477729517 LUNA; the post-attack snapshot: 1 LUNC airdrops 0.00001448496473 LUNA, and 1 UST airdrops 0.01788054508 LUNA.
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Tether Launches Mexican Peso-Pegged Stablecoin MXNT
Immutable X Releases Compatible Cairo Smart Contracts to Help Develop NFT Projects on StarkNet
Metaverse GameFi and NFT
Immutable X stated that more StarkNet contracts will be built and added to this set in the future, including the upcoming ERC-721 token cross-chain bridge between Layer1 and Layer2.
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South Korean blockchain firm Lambda256 to launch NFT marketplace Cyphrly in the US in June
Lambda256, a blockchain company owned by South Korean crypto exchange Upbit operator Dunamu, plans to establish an independent company in North America and launch NFT market Cyphrly in the United States at the end of June. If NFT marketplace OpenSea is mass-centric, Cyphrly is targeting premium content, its CEO said.
Xiamen Airlines debuts digital collection
Xiamen Airlines officially released its first digital collection, which is also the first time Xiamen Airlines has tested the digital collection field.
According to reports, in addition to the innovation in product flavor, "Rhythm Cube" adopts a very creative packaging design, using the shape of pixel squares to draw its logo, which has a retro and nostalgic video game style. In addition, Coca-Cola also simultaneously launched AR (augmented reality) games.
Investment and Financing
Coca-Cola "Rhythm Cube" will be launched in two sizes: modern cans and bottles. The modern cans have been sold on JD.com and will be available on e-commerce platforms such as Tmall and Douyin during the 6.18 Shopping Festival, while supplies last. (fast technology)
Investment and Financing
Climate tech startup Allinfra completes $6 million Series A round led by Nomura
Data analysis platform Footprint Analytics completes US$2.65 million in financing, led by Matrix Partners
Climate tech startup Allinfra completes $6 million Series A round led by Nomura
Web3 audio streaming platform Tamago announced the completion of a $1 million seed round of financing, with Block0, Big Brain Holdings, Daedalus, Human Guild, and Move Capital participating.
Climate tech startup Allinfra announced the completion of a $6 million Series A round led by Nomura Securities. The new financing will be used to expand the product development and sales resources of the company's sustainable development data management software Allinfra Climate and asset tokenization platform Allinfra Digital, thereby expanding Allinfra's products to more industry users and use cases.
Finnt, a Web3 DeFi start-up, completes a $3.5 million seed round of financing, with participation from Y Combinator and others
Web3 DeFi startup Finnt announced the completion of a $3.5 million seed round of financing, with participation from Y Combinator, Khosla Ventures, and Untapped Ventures.
According to reports, Finnt is a family DeFi application that supports multi-user, high-yield savings accounts. By using digital assets and blockchain technology, it can provide global joint and savings accounts. (PR Newswire)
global policy
According to reports, Finnt is a family DeFi application that supports multi-user, high-yield savings accounts. By using digital assets and blockchain technology, it can provide global joint and savings accounts. (PR Newswire)
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global policy
Brazil's Federal Tax Agency Asks Citizens to Pay Taxes on Cryptocurrency Transactions
Investors in the Brazilian crypto asset market must pay income tax on similar transactions involving cryptocurrencies, the Federal Reserve Board of Brazil (RFB) announced. The RFB statement, published in the Diário official da União, is the result of consultations with the regulator by the country's citizens.
Late last year, the group published an opinion claiming that transactions between cryptocurrency pairs are taxed even if they are not converted into reals. It states that “when one cryptocurrency is used directly to purchase another cryptocurrency, even if the purchased cryptocurrency has not been previously converted into reals or other fiat currencies, the capital gains calculated on the sale of the cryptocurrency are recognized by the individual Income tax levy."
Investors in the Brazilian cryptocurrency market have been required to declare their crypto assets to regulators since 2016. (Cointelegraph)
The country's Senate already passed similar legislation in December, and the bill will now go back to the Senate, along with amendments from the House of Representatives. Once the Senate approves the amendments, the pending law will be handed over to the executive branch, which has yet to indicate whether it will sign it. or veto.
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If the bill becomes law, individual and corporate miners will have to apply for an industrial electricity authorization and then apply for a permit. The proposal would also create a registry for any individual or legal entity offering crypto trading or custody services to third parties. (CoinDesk)
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Polygon Studios CEO: Migration of 50-60 Terra projects may be completed by the end of the year
Ryan Watt, CEO of Polygon Studios, said that 50-60 Terra projects have approached Polygon to start the migration. Although there is no specific migration timetable, Ryan Watt said that he expects these projects on the Terra chain to be completed before the end of 2022 migrate.
Ripple CEO: Many cryptocurrencies won't last long
In an interview conducted at the Davos Forum in Switzerland, Ripple CEO Brad Garlinghouse said that many cryptocurrencies will not survive for long. The initial ICO craze wasn't particularly good for cryptocurrencies, Garlinghouse said. Nonetheless, he admitted that his prediction was not accurate as the total number of cryptocurrencies increased to 19,574. However, the industry is still in the "Precambrian" stage, as there is still a lot of experimentation.
