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1. Upbit and Other Korean Crypto Exchanges to Pay Regulatory Fees Starting Next Year link With the implementation of the “Virtual Asset User Protection Act,” Korean exchanges such as Upbit, Bithumb, and Coinone will begin paying regulatory fees based on their operating revenue starting next year. The total anticipated amount is 300 million KRW. According to the 2024 allocation rates, Upbit will pay approximately 272 million KRW, Bithumb around 36.5 million KRW, and Coinone and Gopax will pay 6.03 million KRW and 830,000 KRW, respectively. 2. Russia Crypto News This Week 2.1 Russia Plans to Exchange BTC-e Founder Vinnik for Imprisoned Journalist and Former Marine link Russia plans to exchange two prisoners — Wall Street Journal reporter Evan Gershkovich and former U.S. Marine Paul Whelan — for several Russians held by the U.S. and its allies, including BTC-e crypto currency exchange operator Alexander Vinnik. According to Bloomberg, Gershkovich and Whelan are being transferred to locati...

Author: OneKey Security Team, OKX Web3 Wallet Security Team Real Cases of Device Risks from Several Users Case 1: Tampered Hardware Wallet User A purchased a hardware wallet from an unauthorized platform and began using it without verification. In reality, the wallet’s firmware had been tampered with, pre-generating multiple sets of mnemonic phrases. Eventually, the crypto assets stored in the hardware wallet were fully controlled by hackers, resulting in significant losses. Preventive Measures: 1) Users should purchase hardware wallets from official or trusted channels whenever possible. 2) Perform a complete official verification process before using the wallet to ensure firmware security. Case 2: Phishing Attack User B received an email from the “Wallet Security Center” stating that there was a security issue with the user’s wallet and requesting the user to enter the wallet’s recovery phrase for a security update. In reality, this was a carefully crafted phishing attack, and the us...

Editor | WuBlockchain Lawyer Wu Wenqian joined OK in 2017, possibly being the first overseas lawyer for the organization. In 2018, he joined Huobi, contributing to compliance and overseas mergers and acquisitions. Since 2020, he has assisted crypto currency businesses in Hong Kong in establishing compliant paths. He is considered one of the lawyer s most knowledgeable about the crypto currency landscape in Greater China and Hong Kong regulations. This podcast delves into questions about Hong Kong and various hot topics. Below is a summary of the edited content. The full podcast can be listened to on Youtube: Introduction: Please introduce your background. I joined OK in 2017, probably the first lawyer for the organization. I provided legal services to the OK Group in Hong Kong at that time. Later, in 2018, I switched to Huobi Group, mainly responsible for compliance and overseas mergers and acquisitions, including some important overseas legal affairs. I also participated in the ...

Author: WuBlockchain According to RootData's statistics, there were a total of 84 publicly announced investment projects in March in the cryptocurrency venture capital (VC) field, representing a month-on-month decrease of 31% (compared to 122 projects in February 2023), and a year-on-year decrease of 59% (compared to 203 projects in March 2022). The industry's primary classifications are as follows. In March, among various categories in the cryptocurrency market, the financing proportion of infrastructure projects was about 31%, DeFi accounted for about 18%, CeFi accounted for about 11%, and NFT/GameFi accounted for about 20%. The total financing amount in March was 770 million US dollars, a month-on-month decrease of 19% (compared to 950 million US dollars in February 2023), and a year-on-year decrease of 80% (compared to 3.89 billion US dollars in March 2022). The rounds exceeding 20 million US dollars (excluding CeFi, mining companies, and other centralized institutions) ...

Data compiled by the WuBlockchain shows that: Spot trading volumes on major exchanges rose by 13.7% month-over-month in February. The top three gainers were Gate (+41%), Bitget (+29%), and Mexc (+26%), while the top three decliners were Coinbase (-28%), Bitfinex (-15%), and Crypto.com (-3%). Derivatives trading volumes on major exchanges also increased by 9.8% month-over-month in February. The top three gainers were Mexc (+38%), Bitmex (+28%), and Huobi(+23%), while the top three decliners were KuCoin (-23%), Crypto.com (-15%), and Bitget (-2%). Website traffic on major exchanges rose by 17.1% month-over-month in February. The top three gainers were Huobi (+383%), Mexc (+58%), and Bitget (+18%), while the top three decliners were Coinbase (-9%), OKX (-7%), and Binance (-7%). Note: The following data may be subject to serious concerns of wash trading/bot activities. Spot and derivatives data are from Coingecko, while traffic data is from Similarweb. Because the Phemex exchange data is s...

Author: @0xMavWisdom On 30 January, DeSci track longevity startup VitaDAO announced the completion of a $4.1 million funding round from Balaji Srinivasan, former CTO of Coinbase, and Pfizer Ventures, the investment arm of Pfizer, the world's largest pharmaceutical company, marking Pfizer's first investment in the Web3 space. VitaDAO will use the funding to further fund longevity research projects and biotech startups that will be spun out of DAO next year. As a result of the news, the VitaDAO governance Token VITA rose by 60% in a short period of time. DeSci (Decentralised Science) is an initiative to create a public infrastructure for the fair and equitable funding, creation, review, crediting, storage and dissemination of scientific knowledge using Web3 tools, including NFT, smart contracts and DAO. While humanity has experienced an exponential wave of technological development in the last two centuries, there are still various financial and information access barriers in rea...