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Share link:In this post: Canadian elementary school Lake Superior Academy has taken legal action against a crypto mining center over noise concerns. The mining center has reportedly been generating a high-pitched metallic hum since March. The school superintendent, Susie Schlehuber, mentioned that she tried to resolve things with the mining center without success.
Share link:In this post: VPN downloads in the UK surged after new age verification rules took effect under the Online Safety Act. Proton VPN saw a 1,400% spike in UK sign-ups, becoming the top free app on the App Store. Critics argue the law, aimed at protecting underage users, infringes on digital privacy, while Ofcom admits it’s not foolproof.
Quick Take Qubic’s “useful proof of work” mining strategy gained control over 20% of Monero’s hashrate, raising concerns over the privacy chain’s decentralization and security. Further plans by Qubic to cease hashrate reporting after Aug. 2 have raised additional concerns about a potential 51% attack that could disrupt transactions and network integrity.
- 07:29Ant Group CEO Han Xinyi: We firmly will not issue virtual currencies or participate in any form of speculationChainCatcher news, according to Sina Technology, during the 2025 Inclusion Bund Conference, Ant Group CEO Han Xingyi stated when discussing the token economy that the exploration of the value of the token economy and the prevention of risks should be given equal importance on the path of tokenization. He emphasized, "Compliance is the lifeline of innovation." From the very beginning of its exploration, Ant Group has clearly defined its boundaries: resolutely not issuing virtual currencies, not participating in any form of speculation; focusing on technological infrastructure, serving the industry rather than disrupting it; striving to create new value rather than fighting over the existing pie. "Today, our understanding of both value and risk may still be far from sufficient, and we need to continue long-term exploration and research. Steady and sustainable progress is much more important than simply pursuing speed and novelty," Han Xingyi said.
- 07:29South Korea will lift restrictions on cryptocurrency companies obtaining venture capital company status, and will provide tax breaks and financing support.ChainCatcher reported that South Korea will remove cryptocurrency trading and brokerage businesses from the list of industries prohibited from obtaining venture capital enterprise status. The Ministry of SMEs and Startups of South Korea announced on Tuesday that the Cabinet has approved amendments to the Enforcement Decree of the Special Act on the Promotion of Venture Businesses. These amendments will take effect on September 16, paving the way for cryptocurrency-related companies to obtain venture capital company certification, enabling them to better access funding and government support. By lifting these restrictions, South Korea aims to foster blockchain and cryptocurrency technology as a deep tech sector within the broader digital asset ecosystem. South Korean Minister of Science and ICT, Lee Jong-ho, stated: "This is part of ensuring future growth engines that align with global trends. We will concentrate policy resources to ensure that venture capital flows smoothly into emerging industries and supports their development."
- 07:25TD Securities: US CPI Will Dominate EUR/USD TrendJinse Finance reported that TD Securities strategists stated in a report that the US CPI inflation data is more likely to trigger a reaction in the EUR/USD exchange rate, rather than the European Central Bank's interest rate decision. The strategists noted that the European Central Bank is expected to keep the deposit rate unchanged at 2.0%, which is in line with general market expectations. The central bank may indicate that uncertainty has decreased after a trade agreement between the US and Europe, but will still emphasize that future decisions will be made on a meeting-by-meeting, data-dependent basis. TD Securities strategists said: "The US CPI will be a bigger driver for the foreign exchange market. We remain cautious about the US dollar strengthening due to a stronger report and signs of inflation pass-through." (Golden Ten Data)