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China crypto crackdown sees over 1,100 arrested

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Police in China have arrested over 1,100 people on money-laundering charges, claiming they used cryptocurrency to help them evade the law. 

The arrests come as authorities in China step up their crackdown on cryptocurrency trading.

Reports say the money launderers charged their criminal clients a commission of 1.5% to 5% to convert illegal proceeds into virtual currencies via crypto exchanges.

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Last month, three industry bodies banned crypto-related financial and payment services, and the State Council vowed to clamp down on Bitcoin mining and trading.

The public security ministry confirmed police had busted more than 170 criminal groups involved in using cryptocurrencies to launder money.

The money launderers charged their criminal clients a commission of 1.5% to 5% to convert illegal proceeds into virtual currencies via crypto exchanges.

China continues crackdowns

China’s State Council ordered a tough crackdown on telco fraud in October 2020.

Executives from two of the largest crypto exchanges that provide services to Chinese investors assisted police with their inquiries.  

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‘May God bless you and guide you’: Biden’s farewell letter to Trump revealed

Biden’s farewell letter to Trump shows civility, wishing him well, highlighting a tradition that transcends political divides.

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Former President Joe Biden’s farewell letter to President Trump shows civility, wishing him well, highlighting a tradition that transcends political divides.

This letter was made public by Fox News and showcases a rare moment of civility between these two polarising figures in American politics.

In the letter, Biden expresses his best wishes for Trump and his family as he departs from the presidency.

Biden’s note reads:
“Dear President Trump,

As I take leave of this sacred office, I wish you and your family all the best in the next four years. The American people – and people around the world – look to this house for steadiness in the inevitable storms of history, and my prayer is that in the coming years will be a time of prosperity, peace, and grace for our nation.

May God bless you and guide you as He has blessed and guided our beloved country since our founding.

Joe Biden 1-20-25.”

The letter concludes with a prayer for guidance and blessings for Trump, reflecting the sentiments often associated with presidential transitions.

This gesture may be viewed as a simple act of goodwill or simply as politics at play.

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Low-capital innovation fuels global expansion for hospitality group

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Gin & Luck, the parent company of the iconic Death & Co cocktail bars, is redefining hospitality with an innovative, low-capital growth strategy.

By combining traditional expansion methods with crowdfunding, the company has not only scaled globally but also cultivated a community of loyal supporters.

David Kaplan, CEO of Gin & Luck, highlights the importance of balancing creativity, sustainability, and inclusivity in their approach. Crowdfunding, he notes, aligned perfectly with their values, allowing them to raise capital while engaging directly with their audience.

What began as a single bar in New York has evolved into a globally recognised brand, proving that bold ideas and modern business models can drive transformative success. Gin & Luck’s story offers a blueprint for thriving in an ever-changing hospitality landscape.

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Fast-moving wildfire prompts evacuations in LA area

Rapid Wildfire in Castaic, LA: Over 100 Acres Burnt, Evacuations Issued Amid Thick Smoke

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Rapid Wildfire in Castaic, LA: Over 100 Acres Burnt, Evacuations Issued Amid Thick Smoke

Firefighters in Los Angeles are currently engaged in combating a rapidly spreading wildfire in the Castaic area.

The fire has expanded quickly, consuming over 100 acres in under one hour.

Due to the fire’s fast growth, evacuation orders have been issued for local residents.

The blaze has also generated a significant amount of smoke, creating a dense cloud over northern Los Angeles.

Members of the community are being urged to stay informed and follow safety instructions.

Officials are working to contain the fire and minimise its impact on nearby areas.

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