Texas calls for Bitcoin reserve Hex founder to be 'red-notified'
Reprinted from jinse
12/22/2024·5Mheadlines
▌Texas Congressman calls for establishing Bitcoin reserve
Texas Rep. Giovanni Capriglione introduced a bill in December calling for the Lone Star State to establish a Bitcoin reserve. The draft bill stipulates that Texas must hold Bitcoin for at least five years. Under the bill, cryptocurrencies must be stored in cold storage, meaning on some type of device that is not connected to the internet, and the assets cannot be used for transactions outside of Texas.
▌Interpol wants Hex founder Richard Heart for tax evasion of hundreds of millions of euros and violence
The International Criminal Police Organization (Interpol) has issued a "red notice" to its member states on behalf of Finland for Hex and PulseChain founder Richard James Schueler, commonly known to cryptocurrency investors as Richard Heart. A Red Notice is a formal warning to an INTERPOL member country that a valid national arrest warrant has been issued against a person. If a wanted person is detained in another country, the warrant usually triggers extradition proceedings. The website of Europol, the European Union's law enforcement agency, shows that in this case, Finland issued an arrest warrant for Schueler on charges of tax evasion of "hundreds of millions of euros" and suspected assault of a 16-year-old boy. "Schueler failed for years to file corporate tax returns and failed to include income information on pre- populated personal tax returns...tax evasion totaling hundreds of millions of euros," the website said, which also described Schueler's assault charges. , he allegedly assaulted a 16-year-old girl.
Quotes
As of press time, according to Coingecko data:
BTC’s recent transaction price was US$97,188.00, with an intraday increase or decrease of -0.1% ;
ETH’s recent transaction price was US$3,358.39, with an intraday increase or decrease of -3.0% ;
BNB’s recent transaction price was US$665.26, with an intraday increase or decrease of -2.6 % ;
SOL’s recent transaction price was US$182.55, with an intraday increase or decrease of -6.5 % ;
The recent transaction price of DOGE was 0.319 yuan, with an intraday increase or decrease of -1.6% ;
XPR’s recent transaction price was $2.24, with an intraday increase or decrease of -1.4% .
policy
▌The French Financial Market Authority has approved HEXARQ SAS to provide trading services and cryptocurrency custody
France’s financial markets regulator, the Autorité des Marchés Financiers (AMF), has approved HEXARQ SAS to provide trading services and cryptocurrency custody.
▌El Salvador plans to increase its purchase of BTC and aims to increase its holdings of 20,000 BTC in the medium term.
Max Keizer, a senior Bitcoin consultant in El Salvador, said, “President Bukele has increased daily Bitcoin purchases, with a mid-term goal of purchasing an additional 20,000 Bitcoins.
▌The UAE Ministry of Interior and FSRA cooperate to combat virtual asset-related crimes
The Ministry of Interior of the United Arab Emirates (UAE) and the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi International Financial Center (ADGM) have signed a memorandum of understanding to enhance coordination in combating virtual asset-related crimes. The agreement requires both parties to share information and strengthen risk mitigation frameworks. The agreement is also reportedly intended to support the UAE’s strategy to protect its financial system from evolving threats in the digital asset space.
▌Informed sources: The United States plans to blacklist Sophgo, an AI company associated with Bitmain
The Biden administration plans to add Bitmain-linked artificial intelligence company Sophgo to the U.S. Department of Commerce's restricted trade list after its TSMC-made chips were illegally incorporated into Huawei's artificial intelligence processors, a person familiar with the matter said.
Blockchain application
▌ai16z founder: Aethir will provide free GPU computing power to Eliza agent developers
Shawn, the founder of ai16z, posted on the X platform, "The decentralized computing power network @AethirCloud is providing free GPU computing power to Eliza agent developers. Developers with relevant needs can apply."
cryptocurrency
▌Bitcoin mining company Hut 8 has purchased 990 Bitcoins for approximately US$100 million
Bitcoin mining company Hut 8 has purchased 990 Bitcoin (BTC) for approximately $100 million.
▌An American YouTube blogger discovered that the Taliban often trade Meme coins and were rug pulled
An American YouTube blogger discovered that the Taliban often trade Meme coins and are subject to rug pulls.
▌NFT transaction volume reached US$304 million in the past week, and Ethereum NFT accounted for 66%
CryptoSlam data shows that NFT sales reached US$304 million in the past week, a month-on-month increase of more than 35%. Among them, Ethereum NFT sales increased by 76% month-on-month to US$201 million, accounting for 66% of all NFT sales in the past seven days. In comparison, Bitcoin NFT sales were $40 million and Solana NFT sales were $29 million. Weekly sales of Mythos Chain, Immutable, Polygon and BNB Chain totaled $25.9 million.
▌Report : A total of 165 security incidents have occurred in the Web3 field so far in 2024, with losses exceeding US$2.3 billion.
According to Cyvers' report summarizing key security trends in 2024, Web3 network threats will increase dramatically in 2024, with losses exceeding $2.3 billion and a total of 165 security incidents. Although the amount of losses is 40% higher than in 2023 ($1.69 billion), it is still $1.42 billion lower than in 2022 ($3.78 billion). It is worth mentioning that $1.3 billion in stolen funds was recovered this year. Cyvers said that access control-related incidents (67 incidents) accounted for 81% of the $2.3 billion in losses, approximately 98 smart contract vulnerabilities resulted in losses totaling $456.3 million, and an address poisoning incident resulted in losses of more than $68 million. . When breaking down losses by attack vector over the past three years, the data shows that losses related to access control breaches have gradually increased from $769 million in 2022 to $1.9 billion by the end of 2024. In comparison, losses related to code exploits in 2023 and 2024 are much lower than the approximately $3 billion in losses in 2022.
Important economic developments
▌UBS: The outlook for U.S. stocks remains optimistic and the S &P 500 index may reach 6,600 points by the end of next year
UBS said in a research report that the outlook for the U.S. stock market remains optimistic against the backdrop of a strong U.S. economy, optimism about artificial intelligence, and U.S. future pro-growth policies. We expect the S&P 500 to reach 6,600 by the end of 2025. Investors can consider using structural strategies to deal with volatility. We believe gold remains an effective portfolio hedge amid geopolitical tensions. (Golden Ten)
▌Biden signs emergency funding bill to prevent U.S. government “shutdown”
According to the Associated Press, US President Biden signed an emergency funding bill to prevent a government shutdown. This latest bill will continue to provide operating funds for the U.S. government until March next year, thereby preventing some federal government agencies from falling into a "shutdown" after 0:00 on the 21st Eastern Time.
Golden Encyclopedia
▌What is Rollup?
Rollup is a way of processing transactions on a Layer 2 protocol that frees up valuable space in the base layer. Rollup folds transactions one by one on the second layer, sometimes dozens of times, then rolls them together before sending the data back to Layer 1. There are two main types of Rollup, optimistic and zero-knowledge (ZK) proof. Optimistic Rollup is a fairly clear term. This means that Rollup operates with an "optimistic" approach, assuming transactions are valid unless proven wrong by the validator. They will check the validity of the transaction only if there is a dispute. ZK Rollup certifies transactions without revealing any transaction data. Therefore, it is called "zero knowledge". ZK Rollup provides instant finality because cryptographically proven data is guaranteed to be valid. In many ways, Rollup is to your standard blockchain transaction what Calzone is to your average pizza slice. By scrolling, you can put more stuff in.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.
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