ChainCatcher news, according to the token unlocking data from the crypto asset data platform RootData, BENQI (QI) will unlock approximately 151.7742 million tokens at 8:00 AM Beijing time on February 18, worth about 1.5608 million USD.

ChainCatcher message, according to the official announcement, after review, Binance will delist QI/BTC, TLM/BTC, and VITE/BTC on February 6 at 11:00 (Beijing time).

ChainCatcher news, the Hong Kong-listed company Enterprise Development Holdings Limited announced the acquisition authorization regarding a potential cryptocurrency acquisition. It stated that from the date the shareholders officially passed the ordinary resolution concerning the cryptocurrency authorization and potential cryptocurrency acquisition at the special general meeting, the board of directors will be authorized and empowered to acquire cryptocurrencies in the open market for a total amount not exceeding 48 million USD within 12 months, including but not limited to Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC), and Dogecoin.

According to ChainCatcher news, the Suqian Court's official WeChat account disclosed a case of online pyramid scheme disguised as an investment in virtual currency financial projects. The criminal suspects created the "ACORNS" online platform, and without any actual business operations, they issued virtual currencies such as "ACO" and promoted these currencies as a means to participate in financial management for high returns. They required members to pay 100 USDT as a threshold to obtain static income. By the time the case was reported, the platform had over three thousand active members and had accumulated nearly 3.16 million USDT in funds.After hearing the case, the Suqian Court sentenced the defendants to prison terms ranging from five years and three months to three years for organizing and leading pyramid scheme activities, and imposed fines ranging from 170,000 to 100,000 yuan.

ChainCatcher news, driven by the surge in Bitcoin, the prices of mining machines sold in Huaqiangbei, Shenzhen are also rising. The prices of some merchants' Antminer machines have increased by several tens of percent. One merchant stated that the Antminer S21 335T is priced at $5,600 each, equivalent to 40,700 RMB, which is a 30% increase from last year's 28,000 RMB. Bitmain's official website shows that the 473T S21 XP water-cooled miner is priced at 73,900 RMB, but it is already sold out.It is reported that since the beginning of this year, especially in recent months, there have been many customers from Russia, Ethiopia, the United States, and Canada. Some are importing hundreds of new machines, while others are even trading thousands, all delivered and shipped in Hong Kong. (Hong Kong Wen Wei Po)

ChainCatcher news, according to @Phyrex_Ni, Hashkey Global's head, Mr. Qi, has officially resigned.According to RootData, HashKey Global is a global flagship digital asset exchange under HashKey Group, providing licensed digital asset trading services to users worldwide. Bermuda, an important offshore financial and reinsurance center, has issued a comprehensive license for the digital asset investor protection system to HashKey Global.

According to ChainCatcher news, the Shenzhen News Network reported that the People's Court of Qianhai Cooperation Zone in Shenzhen recently made a ruling on a labor dispute case involving virtual currency salary payments. The case originated in June 2021, when the plaintiff, Zhou, joined a company as a senior engineer, claiming that he had agreed with the company on a monthly salary of 45,000 yuan, of which 20,000 yuan would be paid via bank transfer and the remaining 25,000 yuan in the form of USDT. Two months later, the company terminated the labor contract on the grounds of "skills not matching," but did not pay the agreed portion of the salary in virtual currency.The court determined that, according to the "Notice on Further Preventing and Dealing with Risks of Virtual Currency Trading Speculation" issued by the central bank and ten other departments in September 2021, virtual currencies including Bitcoin, Ethereum, and USDT do not have legal tender status. At the same time, Article 50 of the Labor Law and Article 5 of the Interim Provisions on Wage Payment clearly state that wages must be paid in legal currency on a monthly basis and cannot be replaced by other forms.Ultimately, the court only supported the plaintiff's claim regarding the unlawful termination of the labor contract, ordering the company to pay 10,000 yuan in compensation. The case was upheld by the Shenzhen Intermediate People's Court in the second instance.

According to ChainCatcher news, on the website of the Central Commission for Discipline Inspection and National Supervisory Commission, Yao Qian, former director of the Science and Technology Supervision Bureau of the China Securities Regulatory Commission and former director of the Information Center, has been expelled from the Party and public office due to serious violations of discipline and law. Investigations show that Yao Qian used regulatory power to seek benefits for specific technology service providers, involving money-for-power transactions related to virtual currencies, and illegally accepted huge amounts of property.In addition, he also violated the spirit of the Central Eight Provisions by improperly accepting valuable items, accepting banquets, and engaging in irregular operations in employee recruitment and investment shares. After research and decision by the Party Committee of the China Securities Regulatory Commission and relevant disciplinary inspection and supervision departments, Yao Qian has been subjected to serious penalties, and issues involving suspected criminal activities have been transferred to the procuratorial organs for legal review and prosecution.Previous report indicated that Yao Qian was suspected of serious violations of discipline and law, and had previously undergone disciplinary review by the disciplinary inspection team stationed at the China Securities Regulatory Commission and supervisory investigation by the Shantou Municipal Supervisory Committee in Guangdong Province.It is reported that Yao Qian was the first director of the Digital Currency Research Department of the People's Bank of China (CBDC) and was named one of the most influential figures in the blockchain field by Coindesk in 2017. He has published multiple research articles on blockchain technology, digital currency, and Web 3.0, and co-authored the book "Web 3.0: Changes and Challenges of the Next Generation Internet."

ChainCatcher news, during the "DeInsight 2024" annual summit held in Bangkok at Devcon, QuarkChain & EthStorage founder Qi Zhou delivered a speech themed "Building the World's Supercomputer for the Future of Web3."Qi Zhou shared that Ethereum is moving towards a scalability roadmap centered on rollups, characterized by: off-chain computation and on-chain verification; the introduction of DA (EIP-4844) significantly reduces L2 Tx costs; the absence of large-scale Web3 applications is mainly due to high entry costs, EVM performance limitations, limited storage space, centralized frontends, and high L1 verification costs.For more content from the conference, please check the following links:Video live link: https://www.youtube.com/live/tTVcUPumPysImage live link: https://www.pailixiang.com/album_ia7637038926.htmW

ChainCatcher news, during the "DeInsight 2024" annual summit held at Devcon in Bangkok, QuarkChain & EthStorage founder Qi Zhou delivered a speech themed "Building the World Supercomputer for the Future of Web3."Qi Zhou introduced the innovative platform "World Supercomputer (WSC)" which will drive on-chain storage and computing; it will leverage QuarkChain's computing power, EthStorage's scalable storage solutions, and an advanced content retrieval system of Web3 access protocols to provide a comprehensive decentralized solution that addresses the aforementioned issues in Web3 in an advanced manner alongside traditional computing systems.Qi Zhou stated that the developer network for the World Supercomputer project is ready, now built on the OP stack, which will utilize parallel EVM to achieve scalability and security for Ethereum L2; the EthStorage testnet based on Ethereum Sepolia has been launched, with costs around 500K Gas.For more content from the conference, please check the following links:Video live stream link: https://www.youtube.com/live/tTVcUPumPysImage live stream link: https://www.pailixiang.com/album_ia7637038926.html

ChainCatcher news, EthStorage & QuarkChain founder Qi Zhou confirmed attendance at the "DeInsight 2024" annual summit to be held on November 11 in Bangkok during Devcon. EthStorage is a modular decentralized storage Layer 2 that offers programmable key-value storage driven by data availability (DA). It provides a long-term DA solution for Rollups and opens up new possibilities for applications across the entire chain.QuarkChain has pioneered the creation of a super world computer—a fully decentralized L2 blockchain network with unparalleled scalability and security. QuarkChain leverages innovative gas tokens to attract billions of users and combines powerful computing capabilities, EthStorage's scalable storage solutions, a full-chain web3:// access protocol, and fast finality error-proof algorithms to provide a comprehensive decentralized solution that rivals traditional computing systems.The "DeInsight 2024" annual summit will be held on November 11 at Hotel Nikko Bangkok in Bangkok. This summit is co-hosted by ChainCatcher and RootData, with SoSo Value as a co-organizer, aiming to bring together elites in the Web3 field to exchange insights on the industry, and is expected to attract over 1,000 industry elites.In addition, the conference will unveil the RootData List 2024 annual heavyweight rankings, objectively selecting influential individuals or organizations in the industry from a data perspective.

ChainCatcher news, the Chongqing Fifth Intermediate People's Court recently concluded an appeal case involving drug trafficking using a new method of "Internet + virtual currency + logistics mailing."From August 2021 to July 2023, the defendant Zhang contacted drug buyers through WeChat and other means, primarily selling marijuana and "stamps" and other types of drugs. Zhang entrusted the packaged drugs to a dedicated person for safekeeping, and after reaching a transaction intention with the drug buyer, provided the buyer with a virtual currency website. After confirming the receipt of drug funds via virtual currency, Zhang would place an order with a certain express delivery platform, and the drug custodian would deliver the drugs to the buyer through the express platform, while Zhang paid the drug custodian a fee.According to statistics, Zhang placed orders through the express platform and had the drug custodian deliver drugs a total of over 1,600 times; received funds through virtual currency accounts a total of over 1,200 times; and withdrew the received virtual currency to his Alipay, WeChat, and bank cards after multiple transfers, accumulating over 400,000 yuan.The Chongqing Fifth Intermediate Court, after legal review, found that the first-instance sentence of eight years imprisonment and a fine of 100,000 yuan for the defendant Zhang for the crimes of drug trafficking and money laundering was appropriate, and upheld the original judgment.