FBI has 130 crypto cases, Sacramento Kings mine ETH, Node Capital launches a US branch with 200,000 ETH, Huobi suspend services for Japan, Dan Larimer proposes new EOS constitution, Coinbase CEO creates GiveCrypto charity
- The FBI has 130 cases tied to cryptocurrency-related investigations, citing an increase in illegal activity facilitated by crypto payments such as human trafficking, drug transactions, kidnapping and, ransomware.
- Sacramento Kings, the American professional basketball team, announced a charitable programme called ‘MiningForGood’. They will also become the first professional sports team in the world to mine cryptocurrency (ETH) using the mining rigs ‘Nvidia’.
- Node Capital, a China-based venture capital firm focused on the blockchain industry, is launching a US branch with 200,000 ETH (~$86 million) available to invest in blockchain startups.
- Huobi notified Japanese residents that it will be closing their accounts. Huobi states that this decision came up as a result of compliance issues with the Japanese law.
- Dan Larimer, Chief Technical Officer (CTO) at EOS, is proposing the removal of the current constitution of the project and has launched draft proposal of a new EOS constitution.
- Brian Armstrong, Coinbase CEO, has announced the launch of a charitable initiative, called Givecrypto.org., to help people in emerging markets who go through the financial crisis.