ChainCatcher news, Microsoft stated that after the antitrust ruling against Google, the company will allow people to purchase games through the Xbox APP on the Android platform in November.

ChainCatcher news, according to CryptoNews, up to 20,000 people in San Pedro, Argentina have been caught up in a fraudulent crypto project related to USDT, which was promoted by some unknown actors.Lawyers state that the platform's operators promised to double investors' funds within six weeks and offered some investors daily returns of 1% to 2% in USD. Currently, at least 50 victims are preparing to file a lawsuit against a company named Knight Consortium. This company operates a crypto platform called "RainbowEx," but it is not registered or legally supported.Among the victims are some retirees, and some investors have been unable to withdraw their funds for three weeks, causing widespread panic.

According to ChainCatcher news, based on the prediction market Polymarket data, the current candidates' winning probability in the HBO documentary about Satoshi Nakamoto has dropped to below 4%. The probability for "others, multiple people" has risen to 95.5%.Blockstream founder Adam Back is currently reported at 3.2%, ranking as the candidate with the highest probability. Previously, Adam Back, Len Sassaman's widow, and others have denied the speculation regarding the candidates' identity as Satoshi Nakamoto.

ChainCatcher news, JPMorgan CEO Jamie Dimon stated that economic growth is the focus, not just placing business people in that position. (Jin Ten)

According to ChainCatcher news, as reported by Yunnan Legal Daily, in February 2023, seven defendants jointly discussed building an online platform for investing in virtual currency. After reaching an agreement, they contacted a company in Sichuan, where technicians developed the "3M platform" to issue the token "Mavro Coin," enticing investors to join the project with the promise of high profits from virtual currency investments. Once the platform was established and operational, the seven defendants actively promoted the investment platform's potential for high returns and conducted offline promotions to recruit subordinates, who in turn recruited others. According to the assessment, there were a total of 375 users whose subordinate levels were three or more (including three levels), and the total number of subordinates was 30 or more (including 30). The seven defendants profited between 4,300 yuan and 20,000 yuan.After hearing the case, the Xichou County People's Court found that the seven defendants used the "3M platform" to issue virtual currency, enticing investors to join the platform with the promise of high profits from virtual currency investments, and organized hierarchical structures in a certain order, developing personnel numbers as a means of profit. Their actions constituted the crime of organizing and leading pyramid selling activities. Based on the defendants' roles in the crime, the levels of development, their confessions and acceptance of punishment, and the return of embezzled funds, they were sentenced to fixed-term imprisonment ranging from two years and six months to one year and six months, with probation applied, and were fined.

ChainCatcher news, according to CoinDesk, analysts say that over the past eight years, the price of Bitcoin has shown a positive correlation with the size of the Chinese central bank's balance sheet. The 30-day correlation coefficient between Bitcoin's price and the size of the Chinese central bank's balance sheet is 0.66. It has been positive except for 2016 and from the end of 2022 to 2023. On the other hand, Bitcoin's correlation with the Federal Reserve's balance sheet over 30 days is -0.88, the lowest level recorded since 2016.The Chinese central bank is considering launching an economic stimulus plan of up to 1 trillion yuan (approximately 142 billion USD) to boost the economy, which has led to a significant rise in Asian stock markets, particularly the notable increase in the CSI 300 index.Analysts believe that this stimulus plan may indirectly benefit Bitcoin, as it could increase investment in blockchain and cryptocurrency-related projects. This monetary easing policy may drive more capital into the digital asset space.

ChainCatcher news, according to CoinDesk, Presto Research's analyst based in Singapore, Rick Maeda, pointed out that today's interest rate cut and reserve requirement ratio reduction by the People's Bank of China hardly triggered a reaction in the cryptocurrency market, but led to a rise in Asian stock markets, with the Hong Kong Hang Seng Index up 3.2% and the Shanghai Composite Index up 4.15%.The lack of response from Bitcoin to this news contrasts with the rise in Chinese stock indices, highlighting that its current beta seems to be more closely linked to Federal Reserve policy and the U.S. market, especially after last week's FOMC meeting, with the correlation to U.S. stocks nearing a two-year high.

ChainCatcher news, according to reports from Heshun Public Security, the Criminal Investigation Team of Heshun County Public Security Bureau successfully dismantled a criminal gang that specialized in defrauding victims of funds, withdrawing cash, and laundering money using USDT after meticulous investigation.In early September 2024, a local resident Zhao was scammed out of 50,000 yuan by someone impersonating a government official, and the funds were directly withdrawn from a bank in Chongqing. The investigating police officers reviewed a large amount of bank surveillance footage and transaction records, discovering that the suspects used "clients" to purchase cars and apply for loans. After obtaining the "clients'" bank card information, they sent it to foreign scammers via Telegram. Once the victim's defrauded funds were transferred to the "client's" bank account, they falsely claimed to the "client" that cash needed to be withdrawn for the car dealership. After receiving the transferred scam funds from the "client," they immediately converted the involved funds into USDT and transferred them abroad. This gang is linked to over 10 cases in Beijing, Shanghai, Anhui, and other locations.With strong support from the Municipal Bureau's Criminal Investigation Team and the County Bureau's Cybersecurity Team, the investigating officers gradually grasped the complete structure and criminal evidence of the money laundering gang using USDT, and identified the characteristics and activity range of the suspect responsible for withdrawing the scam funds.The investigating officers simultaneously carried out arrest operations in Chongqing, Henan, and other locations, capturing 7 suspects, seizing one involved vehicle, 10 mobile phones, one cash detector, and over 37,000 yuan in cash. The case is still under further investigation.

ChainCatcher news, according to the "Procuratorial Daily," the methods used to assist information network criminal activities are constantly changing, and telecom network fraud cases triggered by virtual currencies occur from time to time.In June of this year, the suspect Yang logged into the black and gray market trading platform "Huiwang" through a chat software and joined a chat group for buying and selling the virtual currency "U Coin." Subsequently, Yang, Jin, and He jointly invested 220,000 yuan, with Yang purchasing virtual currency from a "U Merchant" in the group at a price three cents lower than the platform trading price, storing it in the "U Merchant's" account to receive tasks. The so-called tasks involved helping the "U Merchant" sell "U Coin" and collect the sales funds. On June 8, under the instruction of the "U Merchant," Yang, along with Jin and He, collected 220,000 yuan in cash from the victim Gao by selling "U Coin," and then placed the 220,000 yuan cash at a location designated by the "U Merchant." The "U Merchant" then transferred the payment in the form of "U Coin" to Yang's "U Coin" account, with the three of them earning a total profit of 3,800 yuan.The report states that in our country, buying and selling foreign exchange must be conducted at state-designated locations; otherwise, it constitutes illegal foreign exchange trading, and those with serious circumstances will be held criminally responsible. Therefore, prosecutors remind investors not to easily trust others for the sake of small profits, withdrawing large amounts of cash from banks to purchase virtual currencies. They should remain rational, strengthen risk prevention awareness and identification abilities, stay vigilant against virtual currency scams, and stay away from illegal fundraising.

ChainCatcher news, Tether, TRON, and TRM Labs have announced the establishment of the T3 Financial Crimes Unit (T3 FCU), the industry's first private sector initiative dedicated to combating illegal activities related to USDT on the TRON blockchain. Since its launch, the unit has assisted in freezing over 12 million USDT in suspicious funds, involving cases such as ransomware scams and investment fraud.The T3 FCU will leverage TRM Labs' anti-financial crime expertise, TRON's technical proficiency, and Tether's investigative capabilities to jointly identify and prevent suspicious transactions. TRON founder Justin Sun stated that this move will ensure that blockchain technology is used to improve the world. Tether CEO Paolo Ardoino emphasized that protecting the integrity of the blockchain ecosystem is the company's top priority.

ChainCatcher news, Singapore's Deputy Prime Minister Gan Kim Yong announced that the Singapore police are investigating seven individuals suspected of providing Worldcoin account and token trading services. This investigation involves potential violations of the 2019 Payment Services Act.Deputy Prime Minister Gan Kim Yong stated clearly in response to questions from Members of Parliament Rachel Ong and Derrick Goh that, according to data provided by the Monetary Authority of Singapore, Worldcoin does not meet the definition of payment services under the PS Act, and activities involving Worldcoin accounts and token trading may involve payment services.Last month, the police arrested five individuals suspected of providing services to buy or sell Worldcoin accounts and tokens. Three men are suspected of recruiting individuals on behalf of multiple entities to create Worldcoin accounts, which they then controlled in exchange for cash. These assets were subsequently handed over to a fourth man and a woman, who are believed to be involved in the purchase and management of the transfer of these assets. During the operation, the police seized over 200 mobile phones as evidence.The Worldcoin project aims to create a global digital identity, but the collection of its biometric data has raised global privacy concerns. Regulators in France, the UK, Hong Kong, Colombia, and Argentina are investigating this matter.

ChainCatcher news, Telegram CEO Pavel Durov stated in his TG channel that the number of Telegram paid users has reached 10 million. Today, they launched new features while phasing out some outdated ones.Pavel Durov mentioned that the "People Nearby" feature has been removed, as less than 0.1% of Telegram users utilized it, and it posed issues with bots and scammers. Instead, a "Nearby Businesses" feature will be introduced to showcase verified legitimate businesses. These businesses will be able to display product catalogs and seamlessly accept payments. Additionally, uploading new media to Telegraph (the independent blogging tool) has been prohibited, as it seems to have been abused by anonymous users.

ChainCatcher news, Bitwise's Head of Research for Europe, André Dragosch, stated on social media that the purchasing behavior of enterprises alone has nearly absorbed all newly mined Bitcoin supply. Currently, the annual supply of newly mined Bitcoin is approximately 164,000 BTC. More importantly, this does not include the purchasing demand from other key buyers, such as ETFs, governments, trading platforms, and DeFi. The supply shortage of BTC is more severe than most people realize.