Author: Yeek.io

In a new verdict, a Chinese court has sentenced nine individuals to prison for masterminding a sprawling telecommunication fraud network that preyed on over 66,800 Indian victims. A local court in China recently sentenced nine Chinese fraudsters to prison terms ranging from five to fourteen years. They targeted Indians for USDT fraud, defrauding a total of 66,800 Indians of about US$6 million. https://t.co/IU2hI9GjJj— Wu Blockchain (@WuBlockchain) April 14, 2025 The scheme, meticulously crafted and executed between June 2023 and January 2024, stole ₹517 million, roughly $6.2 million, using fabricated investment platforms, manipulated online identities, and the lure of romance.How a…

Escalating trade wars are rattling cryptocurrency markets — but they are also creating new use cases for blockchain networks, Truebit executives told Cointelegraph. On April 2, President Donald Trump announced plans to charge sweeping tariffs on US imports, prompting other nations to threaten retaliatory measures. Trump later paused the tariff rollout for certain countries — but the possibility of a global trade war still looms, especially after Trump reiterated his commitment to taxing Chinese goods. If high tariffs materialize, blockchain technology can play an important role in ensuring governments apply them fairly, according to the executives. Blockchain can “really help you prove…

Tether, the issuer of the USDT stablecoin, has announced a strategic deployment of its existing and future Bitcoin hashrate to OCEAN, a decentralized mining protocol created by veteran Bitcoin Core developer Luke Dashjr. Tether to Deploy Hashrate on OCEAN, Advancing Decentralized Bitcoin Mining InfrastructureLearn more: https://t.co/QVzLawzvwK— Tether (@Tether_to) April 14, 2025 In a post on April 14, Tether said it is deepening its commitment to supporting decentralization, transparency, and censorship resistance.OCEAN will give users a different approach to mining by allowing miners to generate their own block templates using the open-source DATUM protocol. This eliminates reliance on centralized intermediaries and…

0A non-fungible token (NFT) trader could face up to six years in prison after admitting he underreported nearly $13 million in income from selling CryptoPunks.According to a statement released by the U.S. Attorney’s Office for the Middle District of Pennsylvania on April 11, Waylon Wilcox, 45, pleaded guilty to two counts of filing false individual income tax returns.Federal prosecutors said Wilcox failed to report more than $8.5 million in income on his 2021 tax return. This resulted in an unpaid tax bill of about $2.18 million. He also underreported nearly $4.6 million in income on his 2022 tax return, lowering his…

Homepage > News > Business > Real-world assets don’t live on the blockchain There’s been much talk about tokenization and real-world assets (RWAs) over the past year or two. Even financial heavyweights like Larry Fink have weighed in, touting that BTC and Ethereum exchange-traded funds (ETFs) are “stepping stones” to the tokenization of everything. While browsing on X recently, I came across a post that sparked an old debate. Can RWAs exist on a blockchain, or will they always be IOUs (I owe you) and claims rather than the assets themselves, fundamentally linked to the legal system and old world?…

Tron has continued solidifying its position as a leading blockchain for stablecoin transactions with it recording a massive $1.52 billion inflow over the past week. Meanwhile, Ethereum – the long-standing giant in the decentralized finance (DeFi) space – has experienced a significant outflow of $1.02 billion in stablecoins during the same period. As per Lookonchain data, the stablecoin inflow on Tron has surged record breaking amount past this week as it sees $1.52 billion of stablecoins (USDT and USDC) injected into its DeFi ecosystem. The latest figures mark a continuation of Tron’s impressive growth in stablecoin activity. Tron has consistently attracted substantial…

Today in crypto, Mantra CEO John Mullin denied reports of insider sales by investors, including Laser Digital, ahead of the OM token’s 90% crash — despite onchain data suggesting otherwise. Mullin also pointed to one exchange in particular, which the Mantra team believes may have played a role in the token’s collapse.Mantra CEO denies insider OM token dump, says Arkham “mislabeled” walletsMantra CEO John Mullin denied reports suggesting large-scale token transfers by major Mantra investors in the days leading up to the sharp collapse of the OM token, while speaking in an AMA hosted by Cointelegraph on April 14.“The Mantra…

Key Takeaways: The agreement includes plans for infrastructure support, technical consulting, and education in crypto-related fields. Kazakhstan’s parliament is considering a proposal for a state-controlled crypto bank to regulate digital asset custody and exchange. Central Asian countries are positioning digital assets as part of broader efforts to modernize their economies and attract foreign investment. President Sadyr Zhaparov announced on April 11 that the Kyrgyz National Investment Agency and Changpeng “CZ” Zhao, co-founder of Binance, have signed a Memorandum of Understanding to discuss cooperation in blockchain and digital asset development.The agreement sets out suggestions for supporting infrastructure and offering technical and…

Homepage > News > Business > Babbage’s BSV Hackathon winners find new uses for blockchain A bounty manager for GitHub users, games, wallet identity managers, on-chain voicemail and a versatile new token protocol were among the winners of the BSV Hackathon in Austin, Texas, last week. The two-day in-person event asked developers to push new boundaries with scalable blockchain capabilities, showing innovative ways to manage identities and create new economic opportunities for Web3. Babbage and the BSV Association were the BSV Hackathon‘s main sponsors, along with Silverline. The total prize pool came to US$64,000, including minor prizes for teams placed…

Quick take: The announcement follows Kraken’s recent acquisition of U.S. futured markets platform NinjaTrader for $1.5 billion.  It comes amid increased optimism in the market, amid expectations that Trump will deliver on his promise of crypto-friendly regulations. Kraken trades will be able to trade U.S. stocks and ETFs in some U.S. states starting Monday. Kraken has accelerated its expansion strategy by partnering with financial API platform Alpaca to offer stocks and exchange-traded funds (ETFs) trading. Kraken users will be able to trade stocks and ETFs in some U.S. states starting Monday. The phased roll-out features a commission-free trading for over…