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South Korean Ex-Lawmaker Faces 6-Month Prison Sentence Over Hidden Crypto Holdings

ISIS Crypto Fundraiser Mohammed Chhipa Faces 20 Years After Conviction in Virginia

Kim Nam-guk, a former South Korean lawmaker from the Democratic Party, is under legal scrutiny for allegedly concealing substantial cryptocurrency holdings in his 2021 and 2022 asset declarations. He is accused of omitting millions in crypto profits and transferring assets to bank accounts. Hidden Crypto Profits A local news outlet, Donga, prosecutors have requested a…

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Argentina's Mining Sector Pioneers Lithium Tokenization by Tapping Cardano

Argentina's Mining Sector Pioneers Lithium Tokenization by Tapping Cardano

Cardano’s blockchain technology is set to revolutionize the Argentine lithium industry through an agreement with three players in the sector: Atómico 3, Zengate, and Alto Grande. The collaboration will introduce the world’s first lithium tokenization project, a disruptive initiative scheduled for launch in Q1 2025. Mechanics of Tokenization According to local reports, the project will…

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Chinese Auto Dealer Dives Into Bitcoin Mining With $256M Investment

Chinese Auto Dealer Dives Into Bitcoin Mining With $256M Investment

Shanghai-based car dealership Cango Inc. has pivoted to Bitcoin (BTC) mining, announcing a $256 million acquisition of 32 exahashes per second (EH/s) in hashrate from Bitmain Technologies. In November, the company extracted 363 BTC, worth about $36 million, without liquidating any assets, positioning it as one of the top players in the global Bitcoin mining…

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Metaplanet Accelerates Bitcoin Acquisition With New $31M Bond Issuance

Metaplanet Accelerates Bitcoin Acquisition With New $31M Bond Issuance

Metaplanet Inc. plans to issue ¥5.0 billion ($31.9 million) in ordinary bonds to accelerate its Bitcoin buys. The company announced this in a December 20 post on X, adding that the repayment will be made from exercising its 12th series stock acquisition rights. Details of the 5th Series Ordinary Bonds In a separate post, Metaplanet…

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Osprey Funds Launches First US Publicly Quoted BNB Trust

Osprey Funds Launches First US Publicly Quoted BNB Trust

Osprey Funds, LLC, a U.S.-based crypto investment firm, has announced that the Osprey BNB Chain Trust is now publicly quoted on the OTCQX® Best Market. Interestingly, the fund happens to be the first in the US to provide exposure to BNB, the native token of the BNB Chain ecosystem. It aims to offer a way…

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Watch Out: Shiba Inu (SHIB) Team Issues a Crucial Warning to the Community

Watch Out: Shiba Inu (SHIB) Team Issues a Crucial Warning to the Community

TL;DR The Shiba Inu community was warned about scammers asking for emails related to SHIFU purchases or claims. Users should avoid sharing personal details and verify information only through official channels. Beware, ShibArmy Shibarium Trustwatch recently issued another important alert concerning the Shiba Inu community. The team cautioned that scammers request victims to send them…

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Ohio Follows Pennsylvania, Texas in Pursuing State-Level Bitcoin Reserves

Ohio Follows Pennsylvania, Texas in Pursuing State-Level Bitcoin Reserves

Ohio State Representative Derek Merrin has introduced House Bill 703, known as the Ohio Bitcoin Reserve Act, in a bid to authorize the state treasurer to invest public funds in BTC. The latest initiative is announced as part of Merrin’s broader vision to leverage innovative financial solutions. The legislation provides the framework for Ohio to…

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