Blockchain Weekly Report: 32 Financing Events, Regulatory Updates, Ethereum EIP-1559, Mining Expansion

This week, there were a total of 32 publicly disclosed investment and financing cases in the Blockchain field, involving a total amount of approximately $309 million. The main areas involved include digital asset management, trading platforms, mining, protocols, Decentralized Finance, and NFT.

In terms of regulation, Inner Mongolia plans to shut down all virtual currency mining projects by the end of April; the IRS has confirmed that purchasing cryptocurrency with fiat currency does not require reporting; the Bogotá Bank in Colombia has launched a cryptocurrency pilot; the Ministry of Finance in Vietnam has warned about the risks of cryptocurrency trading; and the Nigerian SEC has committed to developing a regulatory framework for digital assets.

In terms of cryptocurrency, Ethereum EIP-1559 was officially incorporated into the London hard fork; Huobi Asset Management received approval from the Hong Kong Securities and Futures Commission to invest in virtual assets; Filecoin network upgraded to V10; the U.S. SEC rejected the XRP holders' petition to amend the Ripple lawsuit; Tether faced extortion but stated it would not pay the ransom; TON investment institutions demanded Telegram to pay $100 million; BitGo obtained a trust license from the New York State Department of Financial Services.

In the field of mining, Argentine startup accelerators invested millions of dollars to carry out crypto mining; Bitfarms ordered 48,000 new mining machines; Neptune Digital Assets and Blockcap also announced plans to expand their mining operations.

In terms of investment and financing, large-scale financing includes: TaxBit completed a $100 million financing, Fantom received a $20 million investment, Compass Mining completed a $1.7 million financing, Nextmarkets completed a $30 million Series B financing, Eco raised $26 million, etc. In addition, several Polkadot ecosystem projects have also completed financing. It is worth noting that PayPal is acquiring the cryptocurrency custody company Curv.