ChainCatcher news, according to the Taiyuan Daily, in recent years, some criminals have been using the banners of blockchain, financial innovation, and so on, to issue so-called virtual currencies, virtual assets, and digital assets to raise funds, infringing on the legitimate rights and interests of the public. On June 3, the Office of the Leading Group for the Disposal of Illegal Fundraising in Shanxi Province issued a reminder that such activities are not genuinely based on blockchain technology, but rather are illegal fundraising, pyramid schemes, and fraud disguised as hype. Consumers should enhance their risk awareness, refrain from participating in speculative activities, and be cautious to avoid damage to their personal property and rights.Currently, there are three main characteristics of illegal fundraising using the concept of blockchain.First, there is a clear trend of networking and cross-border activities. Relying on the internet and chat tools for transactions, and using online payment tools for fund inflow and outflow, the risk spreads widely and rapidly. Some criminals set up websites by renting overseas servers, effectively targeting domestic residents while remotely controlling illegal activities. Some individuals claim in chat group tools to have access to high-quality overseas blockchain project investment quotas and can invest on behalf of others, which is highly likely to be fraudulent activity. Much of the funds from these illegal activities flow overseas, making regulation and tracking very difficult.Second, there is a strong element of deception, temptation, and concealment. By exploiting hot concepts for speculation, some even use celebrities to promote their schemes, enticing with airdrops and claiming short investment cycles, high returns, and low risks, which are highly seductive, concealed, and misleading. In actual operations, criminals manipulate behind the scenes, setting thresholds for profit and withdrawal to illegally reap huge profits.Third, there are various illegal risks involved. Criminals publicly promote static returns (appreciation profits) and dynamic returns (profits from developing downlines) as bait to attract the public to invest funds, and entice investors to recruit others, continuously expanding the funding pool, which exhibits characteristics of illegal fundraising, pyramid schemes, and fraud.

ChainCatcher news, the Da Vinci Center in the business district of the suburbs of Paris, France, has recently established the first research institute for crypto assets, which will support and conduct research related to blockchain technology and cryptocurrencies. Its scientific committee includes 11 experts from major French educational institutions such as the National Center for Scientific Research (CNRS) and École Polytechnique. A committee of 6 practitioners, including Ledger co-founder Nicolas Bacca and Paymium founder Pierre Noizat, will also oversee the work of the institute.

ChainCatcher news, according to China News Network, the Hangzhou Intermediate People's Court in Zhejiang Province publicly sentenced Xiao Yi, former member of the Standing Committee and Vice Chairman of the Jiangxi Provincial Political Consultative Conference, for bribery and abuse of power. The defendant Xiao Yi was sentenced to life imprisonment for bribery, deprived of political rights for life, and had all personal property confiscated. He was also sentenced to six years in prison for abuse of power, with the decision to execute life imprisonment, depriving him of political rights for life, and confiscating all personal property. The property obtained from bribery and its proceeds that were sealed and seized will be recovered according to law and turned over to the national treasury.The court found that from 2008 to 2021, the defendant Xiao Yi took advantage of his positions as the director of the Jiangxi Provincial Government's Beijing Office, the secretary of the Fuzhou Municipal Committee, and the vice chairman of the Jiangxi Provincial Political Consultative Conference to provide assistance to relevant units and individuals in matters such as project contracting, project development, and promotion, illegally accepting property totaling more than 125 million yuan, of which more than 57.82 million yuan had not yet been actually obtained. From 2017 to 2021, during his tenure as the secretary of the Fuzhou Municipal Committee, Xiao Yi violated the new development concept and national regulations by providing assistance to enterprises engaged in virtual currency mining in terms of financial subsidies, funding support, and power supply, resulting in significant losses to public property, national, and people's interests, with particularly serious circumstances and extremely adverse effects.Previous report, former vice chairman of the Jiangxi Provincial Political Consultative Conference Xiao Yi was expelled from the party for abusing his power to support enterprises engaged in virtual currency mining activities.

ChainCatcher news, Australian computer scientist Craig Wright, who has repeatedly claimed to be "Satoshi Nakamoto," recently stated on Twitter: "I used to care about external belief that I am 'Satoshi Nakamoto.' But now the only validation I seek is from my family; I have given up on making others believe this."It is reported that Craig Wright caused a stir in the Bitcoin community with a blog post in 2016, in which he claimed (despite questionable evidence) to be the inventor of Bitcoin. Since then, he has gone to court to defend his claims, filing lawsuits ranging from defamation to copyright infringement. However, the judge ruled that he did not provide decisive evidence to prove he is "Satoshi Nakamoto." (source link)

ChainCatcher news, the NFT infrastructure protocol Vinci Protocol has completed a $2.1 million financing round, with investments from UOB Venture Management, Signum Capital, and TGE Capital.It is reported that this round of financing will be used to develop NFT data services and development toolkits, including tools for NFTFi, NFT oracles, NFT governance, and more. (source link)

Chain Catcher News: The Yunnan Provincial Market Supervision Administration recently released two local standards of Yunnan Province, namely the "Blockchain Cross-Border Trade Service Application Guide" and the "Blockchain Domain Name Resolution Service Application Guide," jointly completed by the Yunnan Academy of Science and Technology, Yunnan University of Finance and Economics, and the Yunnan Provincial Institute of Standardization. These standards will officially come into effect on November 12, 2022. These are the first local standards for blockchain released in Yunnan Province, filling the gap in local blockchain standards in the province.It is reported that the secretariat of the Yunnan Provincial Blockchain and Digital Technology Standardization Technical Committee is located at the Yunnan Academy of Science and Technology, which is mainly responsible for undertaking the standardization work of blockchain and digital technology in Yunnan Province, with the Yunnan Provincial Department of Science and Technology as the business guidance unit. So far, 2 standard system research projects have been completed; 1 national standard application has passed the preliminary review; the development of 8 local standards has been promoted; and the Yunnan Academy of Science and Technology has joined the National Standardization Committee's Big Data Working Group, Yunnan University of Finance and Economics has joined IEEE (Institute of Electrical and Electronics Engineers), and Yunnan Digital Economy Industry Investment Group Co., Ltd. and Kunming Digital Economy Industry Investment Co., Ltd. have been approved to join the National Standardization Committee's Digital Economy Standard Research Group as member units. (Source link)