China Sentences Former Party Official to Life Imprisonment for Corrupt Activities in Crypto Mining
A former Chinese party official, Yi Xiao, has been sentenced to life imprisonment for corrupt activities related to cryptocurrency mining. Xiao was found guilty of accepting bribes and using his positions to assist companies engaged in crypto mining, resulting in significant losses to public property. China has banned all crypto transactions on the mainland since September 2021 and has been cracking down on crypto mining since May 2021.
Source Article
Latest
Aug 22, 3:59 am
The Block
China Sentences Former Party Official to Life Imprisonment for Corrupt Activities in Crypto Mining
A former Chinese party official, Yi Xiao, has been sentenced to life imprisonment for corrupt activities related to cryp… Read Summary
Source Article
Aug 22, 3:47 am
Decrypt
Shibarium Devs Say Enhanced Network ‘Almost Ready’ to Reopen
After a rocky start last week, Shiba Inu’s Layer-2 network Shibarium is preparing to relaunch with a new monitoring syst… Read Summary
Source Article
Aug 22, 3:01 am
Coindesk
Crypto Custodian Komainu Lands Operating License From VARA in Dubai
Komainu, the cryptocurrency custody joint venture of Nomura, Ledger, and CoinShares, has obtained an operating license f… Read Summary
Source Article
Aug 22, 2:34 am
Blockworks
Crypto Wallet Phantom Launches ‘Sign In With Solana’ Feature for Simplified User Authentication
Wallet service provider Phantom has introduced a new feature called “Sign In With Solana” that allows applications to au… Read Summary
Source Article
Aug 22, 2:33 am
Decrypt
Recent Dogecoin Poll Reignites Discussion About Potentially Switching to Proof of Stake
A recent poll asking the Dogecoin community if they would be interested in staking their tokens has sparked a discussion… Read Summary
Source Article
Aug 22, 1:46 am
Coindesk
CoinDCX Cuts Staff as Bear Market, Crypto Taxes Exchange Impact Revenues
CoinDCX, one of India’s leading cryptocurrency exchanges, is laying off 71 employees, about 12% of its workforce, due to… Read Summary
Source Article
Aug 21, 6:32 pm
Decrypt
Friend.tech Renames Its Token—But Is It Even Legal?
Friend.tech, a social token platform, has experienced a surge in popularity, attracting celebrities and raising concerns… Read Summary
Source Article
Aug 21, 5:39 pm
Decrypt
Bitcoin Developers Say Craig Wright May Be Admitting That He Stole 80,000 Bitcoin from Mt. Gox
Attorneys for the Bitcoin Core developers targeted by Craig Wright have filed a preliminary issue application with the U… Read Summary
Source Article
Aug 21, 5:01 pm
Decrypt
K-Pop Titans Blackpink Launch Roblox Metaverse Experience
Blackpink, the popular Kpop group, is launching a dedicated fan hub on Roblox called Blackpink The Palace. Fans will hav… Read Summary
Source Article
Aug 21, 4:51 pm
Decrypt
Gaming Influencers FaZe Banks, Nadeshot Among Friend.tech’s Top Earners
Prominent esports influencers Ricky “FaZe Banks” Bengston, Nordan “FaZe Rain” Shat, and 100 Thieves CEO Matthew “Nadesho… Read Summary
Source Article
Aug 21, 4:35 pm
Decrypt
Friend.tech Founders Say Viral Crypto App Is Surprising Them Too: ‘We Want to Catch Our Breath’
Friend.tech, the decentralized social media platform built on Coinbases Base scaling network for Ethereum, has generated… Read Summary
Source Article
Aug 21, 4:12 pm
Decrypt
Friend.tech Is Crypto’s Latest Obsession—But Critics Say It Won’t End Well
Friend.tech, a decentralized social media app, has gained significant popularity in just ten days after its launch. It h… Read Summary
Source Article
Aug 21, 2:19 pm
Decrypt
Coinbase Buys Stake in Circle, Dissolving USDC Issuer Centre
Centre Consortium, the issuer of the second-largest stablecoin USDC, has been dissolved as Coinbase acquires a minority… Read Summary
Source Article
Aug 21, 1:47 pm
Decrypt
‘Disappointing’ ETF Decisions By SEC Blamed for Bitcoin Selloff
The lack of decision-making by the SEC regarding a Bitcoin ETF has disappointed institutions, leading to a significant s… Read Summary
Source Article
Credit: Source link
