On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
A former CCP official from Jiangxi province allegedly abused his administrative powers to undermine the political principle of “two maintenance,” which relates to the notion of firmly maintaining the authority of the party.
The Central Committee of the Chinese Communist Party (CCP) expels a top provincial official after investigations suggest unlawful emgagement with crypto mining activities among other abuse of power.
The Central Commission for Discipline Inspection (CCDI) alleged that Xiao Yi, former vice-chairman of the Chinese People’s Political Consultative Conference from Jiangxi province abused his state-backed administrative powers to undermine the political principle of “two maintenance,” which relates to CCP’s notion of firmly maintaining the authority of the party:
“[Xiao Yi] violated the new development concept, abused power to introduce and support enterprises to engage in virtual currency "mining" activities that do not meet the requirements of the national industrial policy.”
Xiao’s termination was directly related to his involvement in introducing and supporting enterprises to engage in virtual currency mining activities. In addition, the Chinese government found Xiao guilty of abusing his influence to allow illegal profit-making activities including raising funds for projects and construction and accepting bribes. According to a translated version of the CCDI report:
“Xiao Yi seriously violated the party's political discipline, organizational discipline, integrity discipline, work discipline, and life discipline, and constituted a serious job violation and was suspected of taking bribes and abusing power.”
As a result, Xiao Yi was expelled from his position as a Chinese government official in addition to having his property and illegal income seized for review and prosecution.
Related: Huobi Group is moving to Gibraltar following China crackdown
The latest crypto ban in China has forced the thriving crypto community — including Bitcoin (BTC) and crypto miners and exchanges — to shift to countries with crypto-friendly jurisdictions.
In similar efforts, China’s biggest in-house crypto exchange, Huobi, has also acquired new licenses in Gibraltar. As Cointelegraph reported, the Gibraltar Financial Services Commission authorized the Chinese exchange to begin moving its spot-trading operations to affiliate Huobi Technology (Gibraltar) Co. According to Jun Du, CEO of Huobi Group:
“The worldwide cryptocurrency sector is moving toward regulated growth. [...] The business must recognize the significance of aligning its activities with the trend.”https://ift.tt/3CdnHLx
Comments
Post a Comment