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Crypto Evening Briefing: Hong Kong Chief Executive Emphasized That the Current Development of Web3.0 Presents a Golden Opportunity

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CleanSpark Buys $144.9M of Bitcoin Mining Rigs to Double its Hashrate

CleanSpark, a crypto miner, has acquired 45,000 new Bitmain Antminer S19 XPs for $144.9 million, which will nearly double its current computing power, or hashrate, according to a press release. 

U.S. SEC Adding Attorneys to Crypto Enforcement Unit, Signals Continued Crackdown

The U.S. Securities and Exchange Commission (SEC) is hiring general attorneys for its Crypto Asset and Cyber Unit (CACU) in New York, Washington, DC, and San Francisco, according to a job posting. 

Bitcoin Mining Firm Bitmain Reportedly Fined for Tax Violations in China

Chinese cryptocurrency mining firm Bitmain has been fined approximately $3.7 million by the Beijing Municipal Office of the State Administration of Taxation for violating tax regulations. The company allegedly failed to pay personal income taxes for its employees in accordance with China's laws on administration of tax collection.

South Korean Prosecutors to Freeze US$5.36 Million of Do Kwon’s Assets, Some in Switzerland

The Seoul Southern District Prosecutors' Office has frozen assets worth 7.1 billion Korean won (about US$5.36 million) belonging to Terraform Labs CEO Do Kwon. A Seoul court is reviewing Kwon's domestic and overseas-based assets for restitution. 

Hong Kong Chief Executive Lee Ka Chiu John Emphasized That the Current Development of Web3.0 Presents a Golden Opportunity

The development of Web3.0 presents a golden opportunity, as this disruptive technology has the potential to change many existing business models and create new opportunities. In the face of the trend towards Web3.0, Hong Kong must be brave enough to become leaders in this wave of innovation.

Market Watch 

As of press time, according to Cointime data:

BTC 's live price is $30,138.68 USD, jumped by 6.65% in the last 24 hours;

ETH’s live price is $1,915.04 USD, jumped by 3.32% in the last 24 hours;

BNB’s live price is $329.75 USD, jumped by 5.58% in the last 24 hours;

XRP's live price is $0.5236 USD, jumped by 3.90% in the last 24 hours.

Fundraising News

Crypto Fraud Prevention Startup Fire Raises $3.5M

Fire, a browser extension designed to prevent crypto fraud, has raised $3.5 million in funding led by venture studio Atomic. 

Hong Kong's Web3.0 Association Launches alongside Web3Hub Fund to Attract Overseas Companies

In addition to the association, Hong Kong will also set up the Web3Hub Fund to support more overseas Web3.0 companies to settle in the city. The Hong Kong government has been actively promoting the development of Web3.0, and recently emphasized the need for appropriate regulation and promotion of development to ensure steady progress.

Bankruptcy Trading Platform Xclaim Closes $7M Round as It Adds Crypto Focus

Bankruptcy claims trading market Xclaim has closed a $7 million Series A funding round. Xclaim allows for the trading of major bankruptcy creditor claims, including FTX, Genesis and BlockFi. 

Bitcoin Bitcoin $63,653.94
+0.2%
Hong Kong Web3 Bitcoin Miner bitcoin mining Do Kwon China SEC
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