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JUST GOT THIS UPDATE
HAMSTER KOMBAT SEASON 1 ENDS ON 20 SEPT
Who else got this .
#HamsterKombat
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CHINA SENTENCES INVESTOR TO LIFE IN PRISON AFTER CRYPTO LOSSES LEAD TO U.S ESPIONAGE China has sentenced a government official, Wang Moumou, to life in prison for sharing state secrets with foreign agents in exchange for cryptocurrency to cover his massive investment losses . Wang's troubles began when he made some bad crypto investments, leaving him deeply in debt. Desperate to recover his losses, he turned to the internet, openly posting on a forum that he worked in a confidential government unit and needed extra cash. This caught the attention of foreign agents, who offered him a deal he couldn't refuse: share classified information in exchange for cryptocurrency. Wang's actions were made easier by lax security measures in his unit, which failed to track or account for sensitive documents . He was eventually caught by the Chinese National Security Agency and convicted of espionage. The case highlights the risks of cryptocurrency investment scams and the importance of robust security measures to prevent sensitive information from falling into the wrong hands. Interestingly, this news comes amidst reports of China's excited crypto community reacting to Donald Trump's US presidential election win, with some predicting a potential boost for Bitcoin and other cryptocurrencies .
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NIGERIAN COURT FINE TWO CRYPTO FIRMS OVER ILLEGAL USDT TO NAIRA TRANSACTION Two Nigerian cryptocurrency firms, Paparaxy Global Ventures Limited and Lemskin Technologies Limited, have been fined by a Nigerian court for conducting unauthorized USDT-Naira transactions. The firms were accused of operating without proper licensing and engaging in unlicensed financial operations, violating the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act . As part of a plea bargain agreement, Paparaxy refunded ₦140 million to the Federal Government, while Lemskin -ran ₦20 million. The directors of the two companies were also required to swear an affidavit of good behavior before the court . This development is part of a broader crackdown on unlicensed cryptocurrency trading in Nigeria. In September 2024, the Economic and Financial Crimes Commission (EFCC) secured a court order to freeze ₦548.6 million held in accounts of individuals and businesses suspected of engaging in unauthorized foreign exchange transactions on platforms such as ByBit and KuCoin . The Nigerian government's actions demonstrate its commitment to regulating the cryptocurrency space and preventing illegal activities. The country's financial authorities are working to ensure that cryptocurrency transactions are conducted within the bounds of the law.
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BINANCE INVESTS IN BIO PROTOCOL FOR BIOTECHNOLOGY Binance Labs has made a significant investment in BIO Protocol, a groundbreaking project that harnesses blockchain technology to revolutionize the financing and commercialization of early-stage scientific research, particularly in the biotechnology sector . This strategic move marks Binance Labs' first foray into the Decentralized Science (DeSci) sector, demonstrating their commitment to supporting cutting-edge innovations . BIO Protocol leverages DAO to raise funds, utilizing proceeds from token sales to back relevant biotechnology projects, facilitating the sharing of intellectual property . During its initial token generation event (TGE), BIO raised an impressive $6.2 million through a public sale, with participation from prominent venture capital firms such as Zee Prime and 1kx . This investment is a testament to Binance Labs' focus on empowering innovative projects that converge technology and biotechnology. By supporting BIO Protocol, Binance Labs aims to accelerate the growth of the DeSci ecosystem and unlock new possibilities for scientific research and discovery .#BinanceSquareFamily
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THIS IS HOW MUCH CRYPTO THE ETHEREUM FOUNDATION HOLDS The Ethereum Foundation holds a staggering $970.2 million in assets, with a whopping $788.7 million of that being in cryptocurrency, specifically Ether (ETH) . This represents nearly 99% of their crypto holdings, showcasing their strong commitment to the Ethereum ecosystem . Breakdown of Ethereum Foundation's Holdings: Ether (ETH): $788.7 million (99% of crypto holdings) Non-crypto investments: $300 million Other cryptocurrencies: $11 million It's worth noting that the foundation's Ethereum holdings amount to nearly 0.3% of the entire ETH supply . The Ethereum Foundation uses its assets to support various projects, including those focused on core infrastructure development, decentralization, Layer 2 scaling solutions, and advancements in programmatic cryptography .
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