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Wu Blockchain Profile picture
Wu Blockchain
@WuBlockchain
Colin Wu, Chinese Reporter Important Crypto News mainly Asia More Channels: https://t.co/EWW3fUtX5v Contact: Tele colinwu1989 non-financial advice
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Jun 1, 2023 • 4 tweets • 2 min read
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…
May 31, 2023 • 4 tweets • 2 min read
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…
May 31, 2023 • 4 tweets • 1 min read
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.
May 3, 2023 • 4 tweets • 2 min read
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.
Mar 13, 2023 • 4 tweets • 2 min read
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.
Feb 13, 2023 • 5 tweets • 2 min read
The New York Department of Financial Services ordered Paxos Trust Co., which issues and lists Binance’s dollar-pegged cryptocurrency, to stop creating more of its BUSD token. Paxos will continue to manage redemptions of the product. WSJ wsj.com/articles/crypt… On-chain data shows that the last mint tx of BUSD ($209M) is at 2023/02/03 21:44 UTC, no new BUSD is minted, and about $123.32M burned after that. According to
Feb 1, 2023 • 4 tweets • 2 min read
Nostr, a decentralized social network that Twitter co-founder Jack Dorsey previously donated BTC to, has launched an app called Damus on the Apple App Store and Google Play Store. Jack also changed his twitter bio to #bitcoin #nostr, along with his Damus address.
Jan 21, 2023 • 4 tweets • 1 min read
Discuss in-depth: Genesis files for bankruptcy reorganization, Will DCG crash? What is the impact on industry? wublock.substack.com/p/discuss-in-d… The main points:
0. DCG hopes to delay the bull market to solve the problem more easily
1. Gemini is also responsible, and its aggressive behavior is to evade his own responsibility
2. Widespread backrupt on cex lending platforms indicate the some common problems of industry
Jan 20, 2023 • 4 tweets • 2 min read
Genesis Global Holdco, LLC (“GGH”) and two of its lending business subsidiaries filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York. businesswire.com/news/home/2023… The largest creditors include the Gemini lenders with 765m; followed by Bybit’s Mirana with 151m; Babel Finance with 150m; Coincident Capital 110m and other 50 largest unsecured claims. restructuring.ra.kroll.com/genesis/Home-D…
Dec 13, 2022 • 5 tweets • 2 min read
Bahamian authorities arrested FTX founder SBF at the request of the U.S. Government, based on a sealed indictment filed by the United States District Court for the Southern District of New York, which expected to move to unseal the indictment.
Dec 11, 2022 • 4 tweets • 2 min read
Breaking: On December 11, a large number of altcoins OM / AMP / NEXO / POLS / SUN / ARDR / BIFI / XVS / ARK / LOOM / OSMO were contra traded in Binance. It seems that some users’ API KEY has been stolen by hackers and related to 3Commas. 3Commas said it is working closely with the Binance team and agreed that old keys not used for more than 3 months will be revoked. 3Commas said it was most likely the result of a phishing case. 3Commas investigation report: 3commas.io/blog/december-…
Dec 6, 2022 • 5 tweets • 3 min read
FT discloses all investment portfolios of FTX/Alameda, The disparate bundle of nearly 500 illliquid investments is split across 10 holding companies. The total investment value is given on the spreadsheet as in excess of $5.4bn. ft.com/content/aaa4a4… ImageImageImageImage 2 ImageImageImageImage
Nov 24, 2022 • 5 tweets • 2 min read
ConsenSys announced an update to its privacy policy on November 23 (including metamask infura and more): When you use Infura as your default RPC provider in MetaMask, Infura will collect your IP address and your Ethereum wallet address when you send a transaction. However, if you’re using your own Ethereum node or a third party RPC provider with MetaMask, then neither Infura nor MetaMask will collect your IP address or Ethereum wallet address.
Oct 21, 2022 • 4 tweets • 1 min read
Exclusive: Whatsminer, the world's second largest bitcoin mining machine manufacturer, recently announced the official production of bitcoin mining machines in the United States. Picture from @SinoCrypto Image It is manufactured by Synos Corp. Currently, it mainly produces air-cooled mining machines. Its production capacity is currently 10,000 machines per month, and it can be scaled up to 30,000 machines per month in the future.
Oct 10, 2022 • 4 tweets • 1 min read
Exclusive: The real buyer of Huobi is Tron Founder Justin Sun, possibly with the help of SBF. wublock.substack.com/p/exclusive-th… Huobi has tens of millions of Chinese users and was once Binance's biggest competitor. Huobi announced the sale to About Capital with a red background in Hong Kong, but the core investor behind it is Justin Sun.
Oct 7, 2022 • 5 tweets • 2 min read
BNBChain's cross-chain bridge BSC Token Hub has been attacked, and the chain has been suspended. The official estimate is that the loss is between 100m and 110m, about 89.5m of stolen funds have been transferred to other chains. PeckShield: The total stolen funds from BSC TokenHub Exploiter are 2M BNB (~586M loss), and here comes the ~$89.5m stolen funds that have been moved off-chains to others (~58% to ethereum, ~33% to FantomFDN and ~4.5% to arbitrum).
Aug 23, 2021 • 6 tweets • 1 min read
Exclusive: Multiple sources told that Binance is considering obtaining investment and protection from government funds at a valuation of $200 billion. Singapore is one of the most likely options. The source stated that Binance’s equity belongs to founder CZ and co-founder HeYi, with a ratio of 92:8.
May 30, 2021 • 4 tweets • 1 min read
"Caixin" magazine, which is most recognized by Chinese financial officials, disclosed some of the reasons why Beijing wants to crack down on Bitcoin mining and crypto:
1. Chinese listed companies do not do their own business, they buy mining machines and build mines 2. Inner Mongolia's energy consumption reduction is not up to beijing's standard, so it is the most active to crack down mining
3. Mining is of no use to the real economy, and even seizes the production capacity of other chips
May 25, 2021 • 5 tweets • 2 min read
Breaking: After Beijing requested a crackdown on Bitcoin mining on May 21, the first enforcement measures have just been officially introduced and come from Inner Mongolia. mp.weixin.qq.com/s/rI-Uiu1BKWEA… 1. Beijing seems to allow local governments to issue policies on their own. This may not be bad news. As early as the beginning of this year, Inner Mongolia already asked to clean up the mining, it was only more detailed this time because it is worst for carbon neutralization.
May 25, 2021 • 5 tweets • 2 min read
The Securities Times, a subsidiary of the People's Daily of China, published a front-page article stating: Bitcoin mining runs counter to China's political goals of carbon neutrality, but how to combat it still needs to be evaluated. 1, 'Last year, Bitcoin mining produced 69 million tons of carbon dioxide, accounting for 1% of global emissions. It can raise the global temperature by 2°C within 20 years, which runs counter to China's carbon peak and carbon neutral goal. '
May 23, 2021 • 4 tweets • 1 min read
Huobi Pool stated that it will stop providing services to Chinese users. Those who have already purchased Bitcoin mining machines will be removed from the shelves, a interesting thing is that Huobi said that FIL mining machines will not be affected. Image The expression of the Chinese government is to crack down on Bitcoin mining, but it seems absurd to understand it purely from the literal meaning. In fact, there are more MLM involved in such as Fil and Chia.