WATCH: Alphabet said that capital expenditure could double this year, in yet another aggressive spending ramp-up by the Google parent as it deepens investments to allay constraints on computing capacity and push ahead in the AI race

Tongliang Court in China Sentences 21 for Converting Online Fraud Proceeds to Chinese Yuan

In a recent legal development, a court in Tongliang, China, situated near Chongqing, has issued sentences to 21 individuals involved in converting the proceeds of online fraud and illegal casinos from Tether (USDT) to Chinese Yuan (RMB).

$16M Awarded by CFTC to US Whistleblowers; Most Tips Were Crypto-Related

CFTC Commissioner Christy Goldsmith Romero characterised the cryptocurrency industry as one marked by "pervasive fraud and other illegality."

Mintable CEO Zach Burks Raises Concerns About UK NFT Regulation

Zach Burks of Mintable raises concerns over the UK's approach to NFT regulation, emphasising the need for nuanced perspectives and tailored oversight for the versatile technology.

Hong Kong's Web3 Drive: Boosting Tokenisation and Regulatory Oversight

Hong Kong embraces Web3 innovation amidst evolving regulatory landscapes and emerging challenges.

Jury Finds Sam Bankman-Fried Guilty on All Counts in FTX Fraud Trial

After just a little over four hours of deliberation, the jury unanimously rendered a verdict of guilt on all charges against the former billionaire.

Can The HSBC Gold-Backed Token Make An Impact In An Already Saturated Market?

HSBC's foray into the blockchain gold system is part of a broader blockchain initiative. In September this year, the Singapore branch of the bank launched its own blockchain-based payment platform.

XRP Receives Approval from Dubai Financial Services Authority’s Virtual Assets Regime

Ripple Labs announced the acquisition of an XRP license from the Dubai International Financial Centre (DIFC), enabling its utilisation within the realm of virtual asset services.

Investment Data Platform Treehouse Acquires NFT Analytics Platform Origins To Expand Offerings

Chinese Court Sentences 21 People To Prison And Fines For Crypto Fraud

One of the key conspirators profited around 3 million from the operation.

BAYC Exclusive ApeFest Hong Kong Merch Drop Encounters Website Glitches

BAYC’s exclusive ApeFest Hong Kong merch drop is in the midst of a hiccup with the online store being taken down temporarily until website issues are resolved.