🇨🇳 In China, seven employees of the Kuaishou platform have been sentenced to prison for laundering over 140 million yuan (approximately $19.2 million) through cryptocurrencies.
One of the organizers abused his position to set up a scheme involving fake contractors and bonus payouts. The funds were converted into crypto assets, funneled through mixers, and then withdrawn in yuan to bank accounts.
The court sentenced the individuals to between 3 and 14 years in prison and ordered them to return over 90 BTC.
@DeCenterOrg
One of the organizers abused his position to set up a scheme involving fake contractors and bonus payouts. The funds were converted into crypto assets, funneled through mixers, and then withdrawn in yuan to bank accounts.
The court sentenced the individuals to between 3 and 14 years in prison and ordered them to return over 90 BTC.
@DeCenterOrg
🇵🇭 Grab, the largest super app in Southeast Asia with 44.5 million monthly active users, has announced that users in the Philippines can now top up their GrabPay wallets using cryptocurrencies.
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🐋 Over the past week, public companies acquired 52 019 BTC — bringing the total held by the top 100 firms to 920 594 BTC worth $108.8 billion.
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🇮🇳 Coinbase is looking to acquire the Indian exchange CoinDCX, which was recently hacked for $44 200 000.
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However, the market is climbing, and the fund’s losses have already exceeded $100 million. Their BTC position will be liquidated if the price hits $156 000.
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Their intermediate target is $60 000.
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🇺🇸 The Chinese mining giant Bitmain will launch its first production line in the USA and open a headquarters in Texas or Florida.
Assembly of mining devices (ASICs) will begin in early 2026, with full-scale production expected by the end of the year.
@DeCenterOrg
Assembly of mining devices (ASICs) will begin in early 2026, with full-scale production expected by the end of the year.
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Qubic calls it an economic experiment with no malicious intent, but analysts view the approach as a serious threat. In response, the Monero community has rallied around the supportxmr․com pool, which now controls 33.5% of the network's hashrate.
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⛔️ Hyperliquid exchange is currently experiencing issues — order placement and other functions aren’t working properly.
Users are reporting widespread problems, and the team is already aware and appears to be investigating.
@DeCenterOrg
Users are reporting widespread problems, and the team is already aware and appears to be investigating.
@DeCenterOrg
🇩🇿 The Algerian government has banned all cryptocurrency-related activities — violators face up to 1 year in prison and a fine of $7 700.
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🔥 Strategy closed a $2.52 billion IPO and used the proceeds to purchase 21 021 BTC at a price of $117 256 per coin.
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🇹🇷 Turkish ride-hailing company Marti, often referred to as the "Turkish Uber," has decided to invest 20% of its cash reserves into crypto assets — starting with Bitcoin.
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Founded in 2013 under the name Bitcoin Shop, BTCS was the first e-commerce startup to accept payments in BTC.
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🇺🇸 The SEC has approved in-kind redemptions for Bitcoin and Ethereum ETFs — meaning shares can now be redeemed not in dollars, but directly in BTC or ETH.
This decision reduces tax burdens and costs for participants, improves ETF efficiency, and signals that regulators increasingly view the crypto market as mature. A similar mechanism has long been used in gold and equity ETFs.
@DeCenterOrg
This decision reduces tax burdens and costs for participants, improves ETF efficiency, and signals that regulators increasingly view the crypto market as mature. A similar mechanism has long been used in gold and equity ETFs.
@DeCenterOrg
🇮🇩 Starting August 2025, Indonesia will raise taxes on crypto transactions: sellers on local exchanges will pay 0.21%, while those on foreign platforms will pay 1%.
VAT for buyers will be removed, while crypto mining will face a higher VAT rate (2.2%) and move to the general tax system starting in 2026.
@DeCenterOrg
VAT for buyers will be removed, while crypto mining will face a higher VAT rate (2.2%) and move to the general tax system starting in 2026.
@DeCenterOrg
If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry.
At the time, Bitcoin was trading for just 6 cents!
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