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Wu Blockchain Profile picture
@WuBlockchain
Sep 2 • 1 tweets • 1 min read • Read on X
The Japanese Financial Services Agency issued tax reform requirements for fiscal year 2025, specifically mentioning the tax treatment of virtual currency transactions for the first time. Many investors have called for the current maximum tax rate of 55% for cryptocurrencies to be changed to a unified 20% single tax rate.
coinpost.jp/?p=555314

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More from @WuBlockchain

Wu Blockchain Profile picture
Jun 5
Exclusive: The third largest offshore exchange Bybit suddenly opened up registration and authentication for users in China. Bybit has long strictly prohibited the registration and use of all Chinese users. The management team has been very cautious about this.Image
Data shows that the number of Chinese users may be as high as tens of millions. Bybit's competitors have basically opened registration for Chinese users. However, Bybit's move has also caused panic among internal employees.
Embarrassingly, on the same certification page, Bybit still states: Bybit does not offer its services or products in certain jurisdictions, including the United States, Mainland China, Singapore, Quebec (Canada), Ontario (Canada), Iran, Sudan, and Syria. Image
Read 4 tweets
Wu Blockchain Profile picture
Jun 1, 2023
Dilation Effect Research: Contract Approval Risks in the Main Wallets of Binance, KuCoin, and Jump

wublock.substack.com/p/dilation-eff… Image
For Binance, regarding the approval for BUSD, more than two years have passed without any cleanup. Also, a large number of cryptocurrencies have unlimited approval limits.

Binance reply us that the team is optimizing the stake process to reduce any potential smart contract… twitter.com/i/web/status/1…
Multichain recently experienced an event beyond its control, but Kucoin did not immediately cancel the approval for the Multichain contract.

Large amounts of USDT ($500 million), USDC ($290 million), KCS ($480 million), and other cryptocurrencies in this address were all… twitter.com/i/web/status/1…
Read 4 tweets
Wu Blockchain Profile picture
May 31, 2023
Hong Kong is about to enter June 1 (UTC+8), which is the beginning of Hong Kong's new cryptocurrency regulatory policy. While not the crypto-heaven that many are bragging about, it does offer hope.

Read these articles to learn about a new HK
- Hong Kong government's 20 key points on cryptocurrency compliance documents wublock.substack.com/p/interpretati…

- Underestimated Ambitions and Three Challenges: Unveiling the Hong Kong Cryptocurrency Consultation Paper wublock.substack.com/p/underestimat…
- Hong Kong Securities Regulatory Commission official original text: If DeFi involves securities and futures trading, it also needs to be licensed
wublock.substack.com/p/hong-kong-se…

- Fore Elite Capital: How to do a compliant cryptocurrency fund in Hong Kong?
wublock.substack.com/p/fore-elite-c…
Read 4 tweets
Wu Blockchain Profile picture
May 31, 2023
SCOOP: According to multiple sources who confirmed to WuBlockchain, Binance has started layoffs, and the proportion is still uncertain.

The total number of Binance employees is about 8,000, market rumors that the proportion of layoffs in June was about 20%. As of press time,… twitter.com/i/web/status/1…
The compensation plan will be formulated according to different situations in different places. However, some departments are still continuing to recruit. The layoffs may be related to the poor overall market and the large expansion before.
Binance: This is not a case of rightsizing, we will still be seeking to fill hundreds of open roles. New user registration remains strong. “We periodically review how we can best allocate our talent to the right teams with the right resources. And sometimes, this inevitably leads… twitter.com/i/web/status/1…
Read 4 tweets
Wu Blockchain Profile picture
May 3, 2023
Exclusive: the SUI official team requires the cooperative exchanges (Binance OKX Bybit KuCoin, etc.) not to launch the perpetual contract when the SUI token is launched. At present, the major exchanges temporarily meet this demand, and the launch of future may be delayed for a… twitter.com/i/web/status/1…
When SUI’s competitor APT was launched, the official also made this request, but because Binance ignored it and directly launched perpetual contracts, other exchanges followed and launched futures immediately.
Gate MEXC and other second-tier exchanges that Sui did not cooperate with in this IEO have launched perpetual contracts.
gateio.io/article/30563
Read 4 tweets
Wu Blockchain Profile picture
Mar 13, 2023
BlockSec monitored that Euler Finance is being attacked. More than $177 million is suspected to have been stolen. Euler Finance provides on-chain lending services and completed a $32 million financing last year, with participation from FTX, Coinbase, Jump, phalcon.blocksec.com/tx/eth/0xc310a…… twitter.com/i/web/status/1…
@ScopeProtocol shows that AngleProtocol has $17.6 million trapped in Euler Finance; Idle DAO has $4.6 million; SwissBorg has 6357 ETH and 1.7 million USDT.
Reason Analysis: The root cause is due to the lack of liquidity check in the function donateToReserves(). Read more
Read 4 tweets

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