A Chinese government official with significant cryptocurrency investments was recruited by foreign spies and sold state secrets to cover his crypto-related losses. Wang Moumou received over 1 million yuan for his activities but was ultimately sentenced to life imprisonment for espionage.
The State of Florida holds around $800 million in crypto-related investments. Jimmy Patronis, Florida’s Chief Financial Officer, said in a recent interview with CNBC that crypto represents a big opportunity for the state’s investment portfolio and pension funds.
According to the Conference of State Bank Supervisors, an investigation conducted by financial regulators across several U.S. states revealed that the cryptocurrency company Abra was offering trading and investment services without the requisite licenses.
Venezuela is stepping up its adoption of cryptocurrencies for fuel transactions in response to U.S. sanctions targeting the state-owned oil company PDVSA.
Exaion, a subsidiary of France's state-owned energy corporation EDF Group, has joined the blockchain Chiliz as a validator. This partnership is designed to enhance technological infrastructure through the expertise of a traditional company and to push the cryptocurrency industry towards ecological sustainability.
According to the state comptroller, Israel is losing substantial revenue due to an ineffective tax system for cryptocurrency transactions. Between 2018 and 2022, the country could have collected an additional $250 million annually by taxing digital asset users.
“State of Crypto 2024” report by the venture capital a16z Crypto reveals all-time highs in crypto activity, improvements to blockchain networks, and progress in regulatory discussions.
Bitwise, a crypto asset management company, is taking steps to launch an XRP ETF (Exchange-Traded Fund). The company registered a trust entity in the state of Delaware, US, on October 1.
CiberInteligenciaSV, the hacking group behind the security breach of El Salvador's state-run Bitcoin wallet Chivo, has started leaking portions of the app's source code. They had already disclosed the personal information of almost all adult users in El Salvador (5.1 million people) who downloaded the wallet.
The Chinese government is set to replace Intel and AMD processors with local innovations and ban the use of Microsoft's Windows operating system in state enterprises. The prohibition extends to all foreign database management software as well.
Consulting firm Deloitte is seeking cryptocurrency experts holding Secret and Top Secret clearances issued by the U.S. Department of State. These specialists will be involved in probing financial crimes linked to cryptocurrencies and other digital assets.
