ChainCatcher news, according to the official announcement, the decentralized workforce benefits platform Craftt has completed a $2 million seed round of financing, led by Superscrypt, with participation from DCG and several well-known angel investors. Craftt aims to provide universal benefits for the modern workforce, helping independent workers gain financial confidence and achieve work freedom and flexibility.Craftt Pass is now in open testing. Recently, Craftt completed integration with World’s digital human identity verification system World ID, allowing its over 7 million users to log in to Craftt Pass using World ID.Craftt plans to continue developing Layer-2 infrastructure, expand ecosystem collaborations, and further enhance users' benefits and income opportunities.

ChainCatcher news, according to The Block, the crypto gaming investment firm Bitkraft Ventures announced a lead investment of $9 million in the seed round financing of the Web3 mobile gaming platform Party Icons. IDG Capital and The Sandbox co-founder Sebastien Borget are among the institutions participating in this round of investment.Party Icons plans to use the funds to develop games and social experiences, as well as to strengthen its Web3 infrastructure. The platform currently offers three unique modes designed to combine the social elements of party games with the excitement of shooting games.Quinn Campbell, Vice President of Growth at Party Icons, stated that the platform focuses on users' favorite "fragmented" entertainment, with most game durations not exceeding 12 minutes to accommodate modern players' habits.

ChainCatcher news, the Web3 game project Gala Games announced a partnership with LF Decentralized Trust to release a new GalaChain decentralized white paper. Key contents include transitioning from the Raft consensus mechanism to a more decentralized Byzantine Fault Tolerance (BFT) algorithm, reducing single points of failure, integrating Gala Founder Nodes, and GalaChain Improvement Proposals (GIP), among others.

ChainCatcher news, to better protect cryptocurrency users, Argentina is innovating its cryptocurrency framework. The Argentine securities regulator (CNV) recently announced a public consultation on a draft to regulate the operations of virtual asset service providers (VASP) in the country, imposing new compliance requirements on these entities. If Resolution 1025 is approved, it will force cryptocurrency companies to disclose agreements with third parties and clients. Additionally, it aims to prevent money laundering and terrorist financing by establishing policies and cybersecurity standards. This framework is a follow-up to the VASP registration launched earlier this year. (Bitcoin.com)

ChainCatcher news, according to Decrypt, before the European Union introduces a new round of laws and regulations to combat money laundering and terrorist financing, Irish Finance Minister Jack Chambers will draft "emergency" legislation to update the country's cryptocurrency regulations. However, the minister did not explicitly indicate what these rules would include, nor did he specify when they would take effect. Chambers was appointed to the position in June 2024, having had little experience as a cryptocurrency regulator.It is reported that the EU's Anti-Money Laundering and Counter-Terrorism Financing Act will take effect on December 30, 2024, granting EU member states' Financial Intelligence Units (FIUs) greater investigative powers and the ability to suspend transactions.

ChainCatcher news, according to Cointelegraph, the EU is collaborating with top global experts to develop the first "code of practice" for general artificial intelligence models, which aims to establish new standards for transparency and risk management through its AI Act.According to an announcement from the European AI Office, nearly a thousand experts from academia, industry, and social sectors are involved in this work, with the final draft expected to be completed by April 2025.This code will apply to widely used artificial intelligence models, such as large language models (LLMs), and will cover key issues such as transparency, copyright, risk assessment, and internal governance. It aims to set new standards for global AI governance, balancing safety and innovation needs.

ChainCatcher news, decentralized exchange Jupiter co-founder Meow has released a proposal draft to handle 215 million 15,461,850.21 unallocated JUP tokens. These tokens originate from the unclaimed or unreallocated portion of the Jupuary airdrop earlier this year. The proposal presents three options:Use the tokens for the active staking rewards (ASR) program for the next year;Burn the tokens;Return the tokens to the community multi-signature wallet.According to the draft, the Jupiter team "strongly" recommends the first option, believing that the ASR program has been effective in promoting community participation and DAO voting. In the past two quarters, 361M JUP has been staked, with over 585,000 addresses participating, and an average voting participation of 280M JUP per vote. If option one is adopted, 50M JUP will be distributed to voters each quarter for four consecutive quarters.

ChainCatcher news, according to Venturebeat, game developer Darkbright Studios announced the completion of a $6 million seed round financing. This round was led by Bitkraft Ventures, with participation from Play Ventures, Anthos Capital, King River Capital, Rockaway X, Zentry, Caballeros Capital, Gam3Girl Ventures, and Offchain Labs.The company plans to use the funds to develop core games, with the first title being the life simulation game Smolbound. This hybrid of RPG and simulation is a player-driven world that seamlessly integrates Web3 technology.Darkbright has begun closed testing of the game and plans to launch it next year on the Treasure Layer-2 blockchain.

ChainCatcher message, WazirX posted on X that it plans to hold the second Townhall meeting on September 16 at 18:00 to discuss the proposed restructuring plan draft.

ChainCatcher news, Penpie has released a report on the hacking incident, with a total of approximately $27.34 million worth of 11,113.6 ETH stolen. The attacker exploited a security vulnerability on the Penpie platform by manipulating a fake Pendle market to maximize rewards. The vulnerability is located in the batchHarvestMarketRewards() function of the PendleStakingBaseUpg contract, where the attacker manipulated the reward tokens and their quantities by re-entering the depositMarket() function and repeatedly adding new deposits from flash loans. The Penpie team responded quickly, suspending deposit and withdrawal functions, and collaborating with multiple security agencies to trace the stolen funds.Currently, the Penpie frontend has been restored, and the team is working with law enforcement to identify and apprehend the attacker. Additionally, the Penpie team is developing a compensation plan to fairly address the losses of affected users.

ChainCatcher news, according to a draft of the project white paper obtained by CoinDesk, the "governance" cryptocurrency token WLFI will have 70% held by "founders, team, and service providers," which is significantly higher than the internal distribution ratios of other well-known crypto projects. The remaining 30% will be allocated through public sales, with part of the funds used to support project operations.Industry insiders believe this distribution ratio is unusually high and may raise questions. The WLF team stated that the tokenomics plan has not yet been finalized. The project claims to "return financial power to the people," but the token distribution shows that most power is concentrated in the hands of a few insiders. Additionally, the WLFI token will be non-transferable, possibly to avoid violating securities laws.It is worth noting that some Trump supporters have warned that the project could affect his electoral prospects and become a target for the SEC. Although members of the Trump family hold multiple roles in the project, the white paper attempts to decouple the project from politics.

ChainCatcher news, according to Coindesk, CoinDesk has obtained a draft white paper for the Trump family's crypto project World Liberty Financial. The draft shows that 70% of the project's governance crypto token WLFI will be "held by founders, team, and service providers."According to the white paper, the remaining 30% will be distributed through a "public sale," with part of the raised funds also going to internal personnel, and some funds will be retained in the treasury "to support the operations of World Liberty Financial."However, insiders have revealed that World Liberty Financial has not yet finalized its plans.

ChainCatcher news, the NFL Players Association (NFLPA) has filed a lawsuit against the sports betting company DraftKings in the federal court in New York, accusing it of violating the licensing agreement for the use of NFL players' likenesses and owing nearly $65 million.Previously, DraftKings canceled its NFT gaming experience due to "legal developments," which is related to a class action lawsuit concerning whether NFTs are unregistered securities. The NFLPA pointed out that five DraftKings executives have received a total of $261 million in compensation since 2021, which is four times the amount owed by the company.

ChainCatcher news reports that the Bank of Ghana has released a draft regulation aimed at establishing a framework for the cryptocurrency industry. These rules are designed to protect consumers, prevent financial crimes, and encourage financial inclusion. Virtual Asset Service Providers (VASP) will be required to register and meet strict standards, while commercial banks will be prohibited from directly dealing with virtual asset businesses. The public has the opportunity to provide feedback on the proposed regulations before they are finalized.The Bank of Ghana (BoG) recently announced a draft regulation aimed at establishing a regulatory framework for digital assets. The rules were published on August 16 and are intended to promote financial inclusion while protecting cryptocurrency users. The central bank's decision came after a comprehensive analysis of digital assets such as Bitcoin (BTC) and USDT stablecoins. The analysis found that as internet access increases and Virtual Asset Service Providers (VASP) emerge, a growing number of tech-savvy individuals in Ghana are using digital assets. Although the usage rate of cryptocurrencies remains low compared to traditional finance, the Bank of Ghana believes that the role of cryptocurrencies in cross-border payments and remittances needs regulation. These regulations aim to address issues of money laundering, fraud, and cybersecurity threats while complying with international standards.Additionally, Virtual Asset Service Providers must meet capital requirements and have internal controls and risk management frameworks. The draft clearly states that commercial and registered financial institutions can only provide services to registered Virtual Asset Service Providers. No bank or financial institution is allowed to directly handle business related to virtual assets. Before finalizing the regulations, BoG will conduct a sandbox testing process to identify potential issues or refine the rules. The public can submit feedback until August 31.

ChainCatcher news, according to News.bitcoin, the Seychelles National Assembly has approved a draft bill aimed at regulating virtual asset service providers (VASP). The bill requires VASPs seeking a license to establish a substantive business in Seychelles, such as having a resident director and an office staffed with capable employees. The law aims to balance innovation with anti-money laundering efforts, in compliance with the recommendations of the Financial Action Task Force (FATF).

ChainCatcher news, according to CoinDesk, the Internal Revenue Service (IRS) released an updated draft version of tax form 1099-DA for cryptocurrency brokers and investors to report certain transaction gains yesterday, giving the public 30 days to provide feedback to the IRS on this version.Starting in 2026, cryptocurrency investors using brokers (currently mainly referring to CEXs like Coinbase and Kraken) will receive 1099-DA forms from these brokers to report certain cryptocurrency sales and transactions to the IRS as taxable events. IRS officials stated that this form will "bring more convenience and clarity" to users paying U.S. crypto taxes.The newly released version of 1099-DA is more streamlined than the initial draft of the tax form proposed by the IRS in April. The requirement for investors to fill in wallet addresses and transaction IDs has been removed (which had previously raised privacy concerns when the form was first published), and it is no longer necessary to provide the time of the related transactions, only the date.Drew Hinkes, a partner at Miami law firm K&L Gates and a cryptocurrency lawyer, commented that the updated form "has seen significant improvements, reducing the reporting burden and greatly decreasing the amount of data required."

ChainCatcher news, according to VentureBeat, blockchain game infrastructure provider Cartridge has completed a $7.5 million Series A funding round, led by Bitkraft Ventures, with participation from Fabric, Dune, StarkWare, Primitive, and Ergodic.Cartridge, a company providing infrastructure for on-chain games and autonomous worlds, also announced the launch of Dojo 1.0, an open-source development toolkit and framework for building verifiable games.