In the dynamic realm of cryptocurrency, the past week unfolded with a series of noteworthy developments and challenges. Firstly, the collaboration between the TON Foundation and KuCoin Ventures resulted in the creation of new payment and GameFi mini-apps, aimed at enhancing interoperability within the cryptocurrency exchange network. Simultaneously, the Beijing Ministry of Public Security took a proactive stance against cybercrime, contributing to the ongoing efforts to bolster internet security by apprehending offenders.
Crypto Technological Leap Sparks Global Growth and Expansion
In a parallel narrative, the UK government issued a call to cryptocurrency traders, urging them to diligently report their tax responsibilities concerning assets like Bitcoin and non-fungible tokens. Notably, Binance, a prominent player in the cryptocurrency space, announced its parting with BUSD on December 15, 2023. The crypto giants, BTC and ETH, showcased resilience by staging a robust comeback, holding bears at bay and reclaiming resistance levels.
Strategic Mini-App Ventures Unveiled as TON Foundation and KuCoin Forge Partnership
KuCoin Ventures, the investment arm affiliated with KuCoin Exchange, is actively engaged in collaborative efforts with the TON Foundation to advance the development of the ecosystem. The TON Foundation, operating as a nonprofit entity, is dedicated to constructing the TON ecosystem, with significant investments from KuCoin Ventures reinforcing this initiative. The primary objective of this joint endeavor is to enhance the interaction between cryptocurrency exchanges and public blockchain networks.
In a strategic move, KuCoin Ventures and the TON Foundation have set their sights on supporting the development of five TON-based mini-apps, specifically focusing on payments and GameFi. KuCoin Ventures is committing substantial funding towards ideation, research and development, community-building, and blockchain marketing for these innovative Web3 mini-applications. The overarching goal is to elevate the TON ecosystem’s programming capabilities, encompassing initiatives such as the Future3 Campus and TON Bootcamp.
Beijing Conference Highlights Ministry of Public Security’s Groundbreaking Cybersecurity Measures
During the ‘Public Security and Safeguarding the Party in the New Journey’ news conference held in Beijing on November 30, the Ministry of Public Security provided insights into its dedicated endeavors in combating cybercrime and bolstering online security. Deputy Director Li Tong, along with Shi You and Huang Xiaosu from the Cyber Security Bureau, elaborated on the ministry’s proactive initiatives.
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