Blockchain
China Cracks Down on Escalating Cyber Crimes
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In a bid to combat the increasing number of cybercrimes, China’s Supreme People’s Procuratorate (SPP) has set its sights on criminals utilizing blockchain technology and metaverse projects for illicit activities. The SPP has expressed concerns about the surge in online fraud, cyber violence, and the infringement of personal information.
Blockchain Technology: A Breeding Ground For Criminal Activities?
The SPP has reported a significant rise in cybercrimes committed on blockchains and within the metaverse. Criminals are increasingly using cryptocurrencies for money laundering, making it difficult to trace their illicit wealth. Additionally, telecom fraud charges related to cybercrimes have risen by 64 percent year-on-year.
While blockchain-related crimes are on the rise, traditional crimes such as gambling, theft, pyramid schemes, and counterfeiting have also expanded into cyberspace. Charges related to internet theft have increased by nearly 23%, while charges related to online counterfeiting and sales of inferior goods have surged by almost 86%.
China’s Crackdown On Investment Scams
From January to November, procuratorates filed charges against 280,000 individuals involved in cybercrimes, marking a 36% increase year-on-year and accounting for 19 % of criminal offenses, the top procuratorate said.
Zhang Xiaojin, the director of the Fourth Procuratorate of the Supreme People’s Procuratorate, has warned citizens and digital asset participants about investment scams in the local crypto economy.
Xiaojin highlighted the emergence of new types of cybercrimes utilizing gimmicks like the Metaverse, blockchain, and binary options platforms. Virtual currencies have become breeding grounds for such activities, necessitating increased vigilance.
China’s efforts to crack down on metaverse-related crimes align with a surge in illicit activities in Hong Kong. However, Hong Kong has taken a different approach by implementing crypto-friendly regulations to standardize its digital asset ecosystem and protect investors without stifling innovation.
Bitcoin (BTC) is currently trading at $51.801. Chart: TradingView.com
The Intersection Of Blockchain Technology And Cybersecurity
Blockchain technology has emerged as a promising solution to enhance cybersecurity. Its decentralized and distributed ledger system operates on the principles of transparency, immutability, and cryptographic security. By leveraging blockchain technology, data integrity and authentication can be strengthened, identity management can be enhanced, and IoT ecosystems can be secured.
Blockchain ensures data integrity and authentication by leveraging cryptographic algorithms. This makes it nearly impossible for malicious actors to tamper with sensitive information. In sectors like finance, healthcare, and supply chain management, where data accuracy and trust are critical, blockchain technology provides a secure foundation.
As the Supreme People’s Procuratorate in China intensifies its focus on blockchain and metaverse criminals, it is clear that the intersection of technology and cybersecurity poses both challenges and opportunities. While cybercrimes continue to evolve and adapt, blockchain technology holds immense potential in fortifying data integrity, securing identity management, and protecting IoT ecosystems.
Featured image from Pixabay, chart from TradingView
Blockchain
Blockchain Forum 2025: Global crypto leaders to meet in Moscow
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The countdown is on for the highly anticipated 14th Blockchain Forum, set to take place in the heart of Moscow on April 23-24, 2025.
As the CIS market continues to solidify its global role in the cryptocurrency industry, this year’s forum is expected to attract over 15,000 participants, featuring some of the most influential names in Web3, cryptocurrency, and mining from more than 130 countries.
The last event in Dubai generated significant buzz ahead of the bull run, bringing together industry leaders from Tether, TRON, Ledger, Trust Wallet, Tezos, Binance, TON, OKX, Ripple, Bitmain, Bybit, Animoca Brands, Circle, BingX, ICP, Kraken, Sandbox, Polygon, Litecoin, Sui, BNB Chain, Cardano, DYDX, VeChain, Osmosis, Chiliz, Algorand, Ether Fi, Manta, Mantle, and Delysium.
As always, attendees can look forward to exclusive insights from market leaders, behind-the-scenes discussions, and countless networking opportunities. Founders and top executives from major companies will unveil strategies for capitalizing on current seasonal trends.
Simultaneous translation of all presentations of worldwide stars into English will be provided free of charge.
In addition, industry giants and opinion leaders will converge at the forum, vying for prestigious accolades at the Blockchain Life Awards, which will celebrate its 12th edition this year. This presents a unique opportunity to encounter CEOs of major exchanges and founders of renowned projects just on their way to the main stage, making exclusive connections more accessible than ever. Don’t miss your chance for invaluable networking opportunities!
The presale is in full swing — secure your tickets now, as prices are expected to increase dramatically as the forum date approaches. We’ll see you there.
Enjoy a 10% discount using the promo code COINJOURNAL at https://blockchain.forum/en
Blockchain
Cardano Founder Reveals How Meta, Google, & Apple Can Replace L1 Networks
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Cardano founder Charles Hoskinson has explained how the top tech companies Meta, Google, Apple, Microsoft, and Amazon could replace Layer-1 networks. According to him, these companies could easily establish their blockchain infrastructure once they achieve regulatory clarity.
Cardano Founder Reveals How Tech Companies Can Replace L1s
While speaking on an X space, Cardano founder Charles Hoskinson explained that tech companies like Meta, Google, Apple, Microsoft, and Amazon could become competitors to top Layer-1 projects once the stablecoin bill passes. Hoskinson suggested that these tech companies could move to establish their blockchain infrastructure once there is regulatory clarity in the country.
He gave an example of these companies issuing their stablecoins or partnering with a company like Circle to achieve this. Hoskinson also highlighted Apple’s ‘Apple Pay’ and Google’s ‘Google Pay’ to show how these companies are in a good position to compete with these layer-1 networks.
The Cardano founder also noted that these companies are in a good position to overtake these networks since they already have billions of users and control the operating systems that run on phones. As such, he believes this would be the next wave of competition the crypto space will face.
Hoskinson added that he envisages these companies could go as far as creating their Layer-1 networks. He gave an instance of how Meta already tried to venture into the crypto space in the past but failed due to a lack of clear regulations. As such, there is the possibility that they could make such a move again once Congress passes pending crypto bills.
These Companies Won’t Pass Up The Opportunity
The Cardano founder noted that, based on his sources, the US Congress could pass the stablecoin bill in the next 100 days. He believes that companies like Meta, Google, Apple, Microsoft, and Apple will not pass up the opportunity to expand their operations into the crypto market when the bill passes.
He remarked that there is no way that layer-1 networks could compete with these companies since they have a larger network of users and the necessary licenses to expand their business into the crypto space. Hoskinson also highlighted the fact that these companies could easily block users’ access to these networks in a bid to win them over.
The Cardano founder said believes this is very possible since these companies, with their infrastructure, are already a gateway to accessing these Layer-1 networks. As part of the unfair practices that these companies could adopt, Hoskinson also raised the possibility of them deciding to stop running nodes for these networks, which could alter the operations of these Layer-1s.
Hoskinson also highlighted how these tech companies have the edge over L1s with their confidential computing. On the other hand, these blockchains operate within second-generation trust-execution environments which are less reliable.
Hoskinson’s bold statements come just days after he hinted at a potential partnership with Microsoft. This has sparked a bullish outlook for the ADA price, with projections that the crypto could rally to its current all-time high (ATH) of $3.10.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Blockchain
TAO and Arbitrum investors rush to buy into 1Fuel presale before anticipated rally
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For years, Arbitrum and TAO have dominated the market as two of the best altcoins for investors.
However, after the recent sell-offs, many investors are shifting their attention to 1Fuel, a revolutionary newcomer that has already raised over $2 million via its ongoing presale.
Read on to discover why a growing number of analysts believe 1Fuel could be the best presale crypto at this moment and how it could outperform TAO and Arbitrum in the upcoming bull cycle.
TAO price enjoys upward momentum
Amid the ongoing crypto sell-offs, TAO (Bittensor) is experiencing a sharp 7% uptick on its 24-hour chart, leading analysts to anticipate further gains.
For context, the crypto market is currently undergoing a period of volatility driven by Trump’s latest tariff policies.
However, the best altcoins, such as TAO and 1Fuel are defying expectations by displaying growth even in the broader bearish market conditions.
Today, TAO is exchanging for $391, representing 11% gains over the past week.
Arbitrum fights off extreme volatility
In the second week of February, the Arbitrum price is trading stagnantly, with a modest 0.2% intraday rise.
Arbitrum initially benefited from the hype surrounding Trump’s potential pro-crypto policies, soaring to $0.82 in January. However, after the recent turn of events, Arbitrum, like many other altcoins, is trading bearishly.
Today, the live Arbitrum price is $0.47, representing a 27% decline on its 14-day chart and 36% losses compared to last month.
Why do some analysts think 1Fuel might be the best presale crypto right now?
After the recent downturn, many investors are exploring the best altcoins that offer consistent yet exponential growth over the long term. This search leads many of them to 1Fuel.
At its core, 1Fuel offers interoperability, allowing users to make secure one-click crypto transactions.
Unlike any ordinary crypto wallet, with 1Fuel you can forget about multiple wallets and excessive network fees. Just select the crypto you want to use for trading, specify the token you want to own (no matter the network), and then relax and focus on your goals, as 1Fuel takes care of the rest.
Additionally, 1Fuel is currently in its presale phase, selling nearly $2.1 million OFT tokens. With a low entry price of $0.018, 1Fuel’s Stage 4 presale offers early adopters the chance to make huge profits on a small investment when 1Fuel hits tier-1 exchanges such as Binance and Bybit.
Conclusion
Arbitrum and TAO are undoubtedly two of the best altcoins for traders. However, 1Fuel emerges as a formidable competitor, helping affected investors recoup losses through its low presale entry and focus on innovation-driven growth.
Whether you’re a seasoned investor or a rookie, the 1Fuel presale deserves your attention.
Find out more here:
Website: https://1fuel.io/
Telegram: https://t.me/Portal_1Fuel
Twitter / X: https://x.com/1Fuel_
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