Xiao Yi News
29.12 / 19:45
business
Blockchain
Bitcoin
Chinese Communist Party official pleads guilty to helping Bitcoin miners
According to a report published by state-owned daily news program Xinwen Lianbo on Dec. 29, Xiao Yi, former Communist Party Secretary of the City of Fuzhou, pleaded guilty to corruption charges in the Zhejiang Hangzhou Intermediate People's Court. During his tenure as director from 2008 to 2021, Yi was accused of accepting over 125 million CNY ($18 million) in bribes related to construction programs and illicit promotions.
22.08 / 15:25
business
Blockchain
Prison
Chinese official sentenced to life in prison for Bitcoin mining, corruption
A Chinese government official has been sentenced to life in prison for both illegitimate business operations of running a 2.4 billion Chinese Yuan ($329 million) Bitcoin mining enterprise and unrelated charges of corruption.
11.01 / 21:37
markets
Ethereum
Grayscale
pricing
A key change in Ethereum options pricing hints that ETH price could rise beyond $1,350
Ethereum price (ETH) gained 10.2% from Jan. 4 to Jan. 10, breaching the $1,300 resistance without much effort, but has the Ether price move cast a light on whether the altcoin is ready to begin a new uptrend.
09.01 / 22:49
Law
Mining
regulation
CCP
Former CCP official apologies for 'grave losses' as a result of supporting crypto miner: Report
Xiao Yi, the former Chinese Communist Party secretary of Fuzhou, has confessed to “acting recklessly” in support of crypto mining during a state-run television broadcast.
09.12 / 03:17
cryptocurrency
Legal
Bitcoin
CCP
Crypto users
Regional CCP Chief Arrested Over Crypto Links as China Hunts Crypto Users
A high-flying regional Communist Party official who was expelled from the party last month for allegedly supporting crypto miners has been arrested. Meanwhile, individuals are being caught sending money abroad using crypto.
13.11 / 10:31
Government
Ban
Bitcoin
Chinese provincial official expelled for violating crypto mining ban
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.
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