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China Accuses U.S. of Stealing 127k Bitcoin Amid Rising Government Crypto Adoption

The post China Accuses U. S. of Stealing 127k Bitcocom. China’s National Computer Virus Emergency Response Center (CVERC) has accused the U. S. government of being responsible for the hack on the LuBian mining pool. This comes as nation-states move to adopt crypto, with the U. S. and China currently holding the most BTC among government entities. China’s CVERC Claims U. S. Government Stole 127, 272 BitcoS. government carried out the hack on the LuBian mining pool, stealing 127, 272 BTC from the BTC miner. These funds reportedly belong to Chen Zhi, Chairman of Cambodia’s Prince Group. Notably, the U. S. Department of Justice (DOJ) filed a forfeiture order last month to claim ownership of 127, 271 Bitcoin it seized from Zhi as part of the proceeds of a ‘pig butchering’ scam. The DOJ had also confirmed at the time that the funds were in its custody. This had sparked speculation that the U. S. government was responsible for the hack on LuBian, as the funds in question were the same ones hackers stole from the BTC miner in 2020. Now, China’s CVERC has claimed that these funds were accessed through a state-level hacking organization, pointing to the U. S., which is in control of the coins. The hacked funds were dormant until 2024, when they were transferred to an account that the on-chain analytics platform Arkham Intelligence has tagged as belonging to the U. S. government. Battle For Crypto Dominance Among Nation-States The CVERC’s accusation against the U. S. government comes as more nation-states adopt crypto. The U. S. and China currently hold the most Bitcoin among countries. BitcoinTreasuries data shows that 326, 588 BTC, including the coins that it seized from Zhi through LuBian. Meanwhile, China holds 190, 000 BTC. U. S. President Donald Trump has made it clear that he wants the U. S. to lead the way in crypto over China.

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Standard Chartered and DCS Launch DeCard, Singapore’s First Stablecoin Credit Card

The post Standard Chartered and DCS Launch DeCard, Singapore’s First Stablecocom. Key Takeaways: Standard Chartered and DCS Card Centre have introduced DeCard, a credit card on the stablecoin platform that is released in Singapore. The card allows spending in merchants of the USDC and USTC using the banking system offered by Standard Chartered. The project will intersect traditional finance (TradFi) with Web3, and global markets will become the next step. As one of the biggest moves towards mainstream crypto adoption, Standard Chartered collaborated with DCS Card Centre (previously Diners Club Singapore) to introduce DeCard, a stablecoins-powered credit card. The product allows users to make payments on goods and services with digital assets such as USDC or USDT equivalent to a normal card transaction. Making Stablecoins Spendable Money with DeCard The design of DeCard is intended to ensure that the stablecoins can be applicable in everyday transactions even without the need of complex remittances. The system removes the issue of price volatility and provides close-to-real-time payments in a fully transparent manner. DCS executives state that the partnership is a combination of trust of traditional banking and effectiveness of blockchain that will establish a safe and compliant bridge between the two worlds. DeCard provides users with the comfort of spending crypto like a credit-card and the merchant with a local currency without the need to deal with digital assets, which is achieved by having stablecoins embedded into a normal credit-card format. Read More: New Zealand Bans Crypto ATMs Nationwide to Strengthen AML Enforcement Is Singapore Leading the Rollout? Singapore has a well-developed fintech ecosystem and a clear regulatory framework, which has made it the place.

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Controversial right-wing ‘bombshell’ may have backfired

A right-wing media outlet’s exposé on what it claimed was the likely identity of the January 6th pipe bomber has been proven to be more of a bomb than a bombshell, reports The Bulwark. The Blaze, founded by conservative commentator Glenn Beck, reported that “a female former Capitol Police officer who joined the CIA shortly after January 6th was ‘a forensic match’ for the individual caught on camera footage the night before.”The report said that they used “gait analysis” to compare the walk of the ex-officer to the alleged bomber. Loyalists of President Donald Trump immediately picked up on the report, including Rep. Anna Paulina Luna (R-FL), who wrote on X that “a capitol police officer placed a pipe bomb at the RNC on J6,” adding that the Blaze story was proof that Republicans would “all be in the gulag” if it wasn’t for Trump.“This woman was the Capitol Hill pipe bomber,” wrote Women for Trump co-founder and January 6 Ellipse rally organizer Amy Kremer on X. The Justice Department, however, remained uncharacteristically silent about the report, The Bulwark notes, and Rep. Luna deleted her post.”Instead of uncovering the likely identity of the pipe bomb-dropping suspect, the Blaze may have a legal mess on its hands,” The Bulwark says.”The mystery has loomed especially large for conservatives, who see the FBI’s failure to catch the perpetrator as proof that the laying of the bombs and perhaps the Capitol riot itself was an inside job orchestrated by federal law enforcement to entrap Trump supporters,” they write. enogears.”The woman who was identified by the Blaze “was already a target of the MAGA right,” photographed as one of the officers firing pepper balls at January 6th rioters, and later testified against January 6th participants in at least two cases, according to court records, The Bulwark says. As the article started to gain traction, it suffered “an immediate blow to its credibility,” they report.”While the article initially claimed that the woman now works on CIA director John Ratcliffe’s security detail, the article was corrected after the CIA clarified that she worked as a security guard on CIA property,” they write. Julie Kelly, “a right-wing media figure who has become the dean of the MAGA January 6th counternarrative,” has investigated the pipe bomber herself, and slammed The Blaze’s story.“I am shocked at the weak evidence cited in The Blaze article and nonexistent evidence contained in the piece itself,” Kelly tweeted.”High-ranking Justice Department official Ed Martin appeared to support the article before it came out, tweeting sequentially ‘P’ ‘I’ ‘P’ ‘E?’ before deleting the posts containing the letters. At the same time, Martin tweeted out that neither he nor the FBI had made a determination of the pipe-bomb suspect’s identity,” The Bulwark notes. Following the story, the FBI put out a statement saying they are still investigating the case, and right-wing podcaster Benny Johnson used it to quash the story on his show. “There’s no other way to accept this statement, other than they’re saying the Blaze has it wrong,” he said. Even Beck seems to be walking away from the story, The Bulwark says. “Despite the Blaze publishing the officer’s name on Saturday, Beck refused to name the woman on his podcast, saying ‘a match is not guilt.'”“This person of interest is still a citizen whose life carries the same dignity and presumption of innocence as yours and mine,” Beck said. “I can’t tell you what is true in this story yet.”.

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Worried by Capitals’ poor start? Here’s why you shouldn’t be

The Washington Capitals sit at 7-6-1 through their first 14 games of the 2025-26 season, and the panic meter is starting to rise in the nation’s capital. After finishing atop the Eastern Conference standings last season with 111 points, watching your team cling to the eighth playoff spot feels like a catastrophic drop-off. However, the [.] The post Worried by Capitals’ poor start? Here’s why you shouldn’t be appeared first on ClutchPoints.