According to ChainCatcher news and the official WeChat account of the Yuzhou Court, the Yuzhou People's Court publicly pronounced a verdict in a telecommunications network fraud case yesterday (December 27). The court found that the defendant, Wen, along with several accomplices, used fictitious identities to chat with foreign individuals. After gaining their trust, they induced them to purchase virtual currency to commit fraud. During this period, a total of 54,360 fraudulent messages were sent, and Wen illegally profited 2,400 yuan.After comprehensively considering the facts, nature, circumstances, and social harm of Wen's crime, the court sentenced the defendant Wen to three years of imprisonment for fraud, along with a fine of 20,000 yuan. After the verdict was announced, Wen expressed his intention to appeal in court.

ChainCatcher news, according to Cointelegraph, institutional Bitcoin investments involve large entities such as hedge funds, corporations, and pension funds, which enter the market with substantial capital for strategic investments, either by investing directly through exchanges or indirectly through Bitcoin-focused funds and ETFs, simplifying the investment process without the need to handle storage or security issues.Custodial services also provide secure and compliant Bitcoin asset management. The increasing number of institutions highlights the growing legitimacy of Bitcoin and its potential as a long-term investment asset.

ChainCatcher news, according to the announcement from the State Administration of Foreign Exchange, the "Measures for the Administration of Bank Foreign Exchange Risk Transaction Reporting (Trial)" have been issued and will take effect immediately. The "Measures" are a supporting document to the "Measures for the Administration of Bank Foreign Exchange Business (Trial)", aimed at strengthening banks' foreign exchange risk management, and early identification, early warning, and early handling of high-risk transactions such as suspected false trade, underground banks, and illegal cross-border financial activities involving virtual currencies.The main contents include: clarifying the responsibility for bank foreign exchange risk transaction reporting, requiring the establishment of a monitoring system and submission of reports; specifying the scope of information reporting, including activities suspected of illegal cross-border capital flows; clarifying the report content, such as basic information and proposed measures; and strengthening internal management measures, including internal control systems and data confidentiality management, etc.

ChainCatcher news, South Korean lawmaker Choi Eun-sik has proposed an amendment to the "Foreign Exchange Transactions Act," aimed at preventing money laundering and other foreign exchange crimes related to virtual assets. The amendment proposes the establishment of a monitoring system for virtual asset transactions, the improvement of the institutional foundation for financial technology foreign exchange services, the enhancement of the convenience of foreign exchange transactions for individuals and businesses, and the strengthening of the intelligent construction of the foreign exchange monitoring system.He stated that the rapid development of virtual assets and financial technology in recent years has diversified cross-border transaction methods, but current laws have failed to cover these changes, leading to regulatory blind spots, particularly as money laundering involving virtual assets and illegal foreign exchange transactions have become increasingly serious.According to data from the Financial Intelligence Unit (FIU), the number of suspicious transaction reports from virtual asset merchants increased by 48.8% last year compared to the previous year. The Ministry of Finance plans to add definitions for virtual assets and virtual asset merchants next year and requires virtual asset merchants to register before conducting cross-border transactions and to regularly report users' transaction records to the Bank of Korea.The amendment is expected to be implemented in the second half of next year.

ChainCatcher message, Robert Kiyosaki, the author of "Rich Dad Poor Dad," posted on X: "The global economic collapse has begun. Europe and the United States are both in recession. Is the Great Depression coming?Use your money wisely. Protect your job and wealth. The biggest problem is our leaders and educators. As I often ask, 'What does school teach you about money?'Regardless of the direction of the economy, gold, silver, and Bitcoin retain their value. For many, an economic collapse is the best time to get rich. I plan to become richer. I also hope you become richer and smarter. Take care."

ChainCatcher news, according to Lookonchain monitoring, in the past week, El Salvador has increased its holdings by 29 BTC ($2.84 million), bringing the total holdings to 5,995 BTC ($562 million).

ChainCatcher news, according to Lookonchain monitoring, in the past week, El Salvador purchased 29 BTC ($2.84 million), bringing its total holdings to 5,995 BTC ($562 million).

ChainCatcher message, on-chain data shows that about an hour ago, the El Salvador wallet address increased its holdings by approximately 11 BTC (worth 1.06 million USD) for its strategic Bitcoin reserves.

ChainCatcher news, according to Bitcoin Magazine, senior Bitcoin advisor to President Bukele, Max Keiser, revealed that President Bukele has increased the daily Bitcoin purchases, with a medium-term goal of acquiring an additional 20,000 Bitcoins.

ChainCatcher news, the Bitcoin office of El Salvador announced on the X platform that it has transferred BTC worth 1 million dollars into El Salvador's strategic Bitcoin reserve.Previous news, at 8:07 AM Beijing time this morning, the El Salvador wallet address purchased 11 bitcoins worth 1.07 million dollars.

ChainCatcher news, according to Arkham monitoring, the Salvadoran government has increased its holdings by 11 bitcoins 30 minutes ago, worth approximately $1.07 million.

ChainCatcher news, IMF spokesperson Kozak stated that the use of Bitcoin as legal tender in El Salvador will be voluntary when asked about it. The agreement reached between the IMF and El Salvador aims to mitigate potential Bitcoin risks based on the IMF policy framework. Furthermore, Kozak declined to comment on Trump's U.S. strategic Bitcoin reserve plan, stating that a comprehensive assessment will be conducted when the policy is implemented.

ChainCatcher news, according to market news, El Salvador plans to increase its BTC holdings more rapidly for strategic reserves.

ChainCatcher news, the director of the Bitcoin office in El Salvador stated that after reaching an agreement with the International Monetary Fund, the official Bitcoin wallet Chivo will be sold or discontinued. (Jin Ten)

ChainCatcher news, according to a report by Techcrunch, the Chainalysis report released on Thursday shows that the total value of stolen cryptocurrency has surged by 21% this year, reaching $2.2 billion, with over half of the amount stolen by hacker groups linked to North Korea. In 2024, North Korean-linked hackers stole 61% of the total amount stolen that year in 47 cases, worth $1.34 billion; in 2023, they stole $660.5 million in 20 cases, and in 2022, they stole $400 million. This indicates that they are increasingly involved in these attacks.The report emphasizes that most cryptocurrency hacking incidents this year occurred from January to July, with the amount stolen exceeding $1.58 billion, approximately 84.4% higher than the same period in 2023. After July, the upward trend significantly slowed down, which is markedly different from 2021 and 2022, possibly due to geopolitical issues. Chainalysis attributes the stagnation in the number of hacks after July to the alliance between North Korea and Russia, which emerged after the meeting between Russian President Putin and North Korean leader Kim Jong-un in June. Since the June summit, the amount of cryptocurrency assets stolen by North Korea has decreased by 53.73%. As cooperation between North Korea and Russia strengthens, North Korea may change its cybercrime tactics.

ChainCatcher news, CryptoQuant CEO Ki Young Ju posted on X, stating that the debate over Bitcoin's strategic reserves has evolved into a dilemma:Supporters argue: As the dominance of the dollar weakens, Bitcoin will become an inevitable alternative and should be adopted early.Opponents worry: Bitcoin threatens the dollar's hegemonic status and should not disrupt the status quo.

ChainCatcher news, according to Cointelegraph, El Salvador has reached a $1.4 billion loan agreement with the International Monetary Fund (IMF), planning to receive funding support over the next 40 months. As part of the agreement, the country will make it voluntary for merchants to accept Bitcoin payments, while gradually reducing the government's involvement in Bitcoin-related projects, including a phased withdrawal from the management of the state-supported wallet app Chivo.The IMF stated that this move will significantly reduce the potential risks associated with Bitcoin projects, while clearly stipulating that the public sector's participation is limited to specific activities within the Bitcoin economy. Additionally, taxes will be paid only in U.S. dollars, not in Bitcoin. The agreement still requires approval from the IMF's executive board, marking the end of a four-year negotiation with the IMF since El Salvador adopted Bitcoin as legal tender in June 2021. The IMF has previously warned that the speculative nature of Bitcoin could pose financial risks to the country. The agreement will also facilitate additional financing from institutions such as the World Bank, with total financing exceeding $3.5 billion.Nevertheless, El Salvador's presidential Bitcoin advisor Max Keiser expressed disdain on social media platform X, stating that the use of Bitcoin in the country "has never been so active and continues to grow." However, surveys show that 92% of Salvadorans have not used Bitcoin for transactions, an increase from 88% in 2023.

ChainCatcher news, El Salvador has reached an agreement with the International Monetary Fund (IMF) after four years of tense negotiations due to the country's acceptance of Bitcoin as legal tender.According to a statement from the IMF, the two parties have agreed on a $1.4 billion loan program that will be disbursed over 40 months. In exchange, El Salvador has agreed to take measures to improve its primary balance and help reduce its debt-to-GDP ratio. The IMF praised the government's efforts to improve fiscal conditions, develop the economy, reduce inflation, and manage short-term debt.As part of the agreement, the country will make it voluntary for merchants to accept Bitcoin payments while gradually reducing the government's involvement in Bitcoin-related projects, including a phased withdrawal from the management of the state-supported wallet app Chivo.

ChainCatcher message, Pudgy Penguins Chief Creative Officer and Partner Chef posted on the X platform that the claim website has reached 4.7 million clicks, with over 100,000 claims made, and is currently addressing DDOS issues, which will be resolved soon.