fuji

ChainCatcher news, according to reports from the Justice Network, from May to August 2023, Li and others, under the guise of issuing a certain virtual currency, established a hierarchical reward mechanism based on invitation relationships. They formed groups on social platforms to promote both online and offline, publicizing to the general public and enticing participants to gain entry qualifications by purchasing virtual currency, staking assets, and bidding on virtual cards, while obtaining rebates based on the number of downline members developed. By October 2023, when the case was uncovered, the organization had developed multiple levels and absorbed funds equivalent to over 20 million yuan.The Shishi City People's Procuratorate in Fujian Province reviewed and determined that although the organization packaged itself with emerging concepts such as virtual currency and NFTs, its operational model still conformed to the crime of organizing and leading pyramid selling activities as stipulated in the Criminal Law of the People's Republic of China: First, the project established a "threshold fee" in disguise through the purchase of virtual currency and participation in private placements of virtual assets as a prerequisite for joining and developing others; second, it established clear superior-subordinate relationships and hierarchical structures, using the number of personnel developed and the performance of subordinates as the basis for compensation and rebates; third, there were no real business activities or sustainable sources of income, and the operation of funds relied on the payments from new members to provide returns to earlier members, exhibiting obvious characteristics of fraud.Li and others created an illusion of profit by manipulating backend parameters and artificially intervening in the so-called "synthesis probability" and "release mechanism," enticing participants to continuously invest and develop downlines, which constitutes the use of new technological concepts to cover up traditional pyramid scheme crimes, severely infringing on the property rights of the public and disrupting the economic and social order.In June 2024, the Shishi City People's Procuratorate legally prosecuted the members of the gang. In December 2024, the court sentenced four defendants to prison terms ranging from six years and six months to three years for organizing and leading pyramid selling activities, imposed fines, and confiscated illegal gains. After the defendants filed an appeal, in July 2025, the appellate court ruled to dismiss the appeal and upheld the original judgment.

ChainCatcher news, Ourbit SuperCEX announced a deep strategic partnership with the well-known Japanese creator Fujimoto. Fujimoto's personal token $FUJI has officially launched in the Ourbit spot trading area.Fujimoto is not a traditional crypto opinion leader or project expert. He has accumulated significant cultural influence in the cryptocurrency circle with his iconic self-deprecation, anti-mainstream meme style, and unique persona as a "famous drifter," representing a marginalized and non-elitist creative force.It is reported that Fujimoto actively wears the Ourbit official Twitter badge and has clearly expressed his strong recognition of the Ourbit "Why so serious?" brand spirit. Ourbit stated that this collaboration is not only mutual support between brands but also a collision and fusion of two unconventional attitudes pursuing authenticity in the crypto world. It symbolizes the platform's embrace of diverse cultures and recognition of the value of a "non-elitist" community.

ChainCatcher news, according to Southeast Network, the Mawei Court in Fujian recently concluded a virtual currency trading dispute case. A man named Sui paid 18,000 yuan to Ye to purchase virtual currency, which led to a dispute, and he requested the return of the full amount.The court ruled to dismiss the claim, stating that virtual currency does not have the status of legal tender in China, and related transactions violate public order and good morals, thus are not protected by law. The investment risk should be borne by the individual.

ChainCatcher news, UXLINK recently announced on its official X platform that it will collaborate with international payment institutions to launch a cross-border payment card supporting crypto assets - Fuji Card. This card, as an important part of the UXLINK PayFi ecosystem, aims to facilitate the payment application of crypto assets in real-life scenarios, including daily expenses, cross-border/international transfers, and DeFi services, further promoting the popularity and practicality of crypto assets.In addition, the UXLINK Social Growth Layer will provide blockchain technology support for the issuance of this card, and the One Account One Gas (OAOG) protocol will bring users a smooth experience. The operation of this card will also incorporate UXLINK's Link-to-Earn mechanism, allowing users to earn benefits by inviting friends and participating in airdrop activities.At the same time, the Fuji Card will also introduce outstanding Web3 projects within the UXLINK ecosystem, providing users with rich value-added benefits and airdrop opportunities, further enhancing user experience and ecological value, empowering UXLINK.

ChainCatcher news, Moonchain, as a representative of the trade delegation, followed Berlin Mayor Kai Wegner to visit Tokyo and had productive exchanges with companies such as Mitsubishi and Fujitsu. Moonchain reached a consensus with Mitsubishi on how their yen stablecoin and DePIN Chain can collaborate.During this visit, Moonchain showcased its leadership in the DePIN technology field. Mayor Wegner invited Mitsubishi to participate in the "AsiaBerlin Summit" to be held in Berlin on November 25. Additionally, Moonchain discussed potential cooperation opportunities in public service digitization and AI applications with Fujitsu, further strengthening ties with Japanese tech giants.These preliminary discussions are hopeful steps towards integrating cutting-edge blockchain technology into the operational frameworks of Mitsubishi and Fujitsu, which will significantly contribute to technological advancements in Berlin and Tokyo. Moonchain is expected to apply its largest DePIN L3 native blockchain technology to the Japanese market.The Moonchain team was established in 2017, based in Berlin, Germany, and is dedicated to building the largest DePin and L3 native chain. According to official tweets, its native token $MXC remains the only token on the Moonchain network.

ChainCatcher message, Avalanche stated on social media that the pre-release code for Durango has been published, which is a proposed upgrade for the Avalanche network, set to activate on the Fuji testnet at 11 AM EST on February 13, 2024.Durango introduces Avalanche Warp Messaging to the C-Chain, enabling native cross-chain communication for every EVM chain in the Avalanche ecosystem and establishing standards for future virtual machine (VM) use of AWM.

ChainCatcher news, the cross-chain lending market aggregator Fuji Finance announced that it will shut down the protocol and cease operations. Users must withdraw their funds through the Fuji user interface by December 31, 2023. Starting in 2024, users will need to interact directly with the smart contracts, unless community members decide to continue maintaining the front-end application.

ChainCatcher news, according to the Securities Times, the Fujian-Hong Kong Economic and Trade Cooperation Promotion Conference, hosted by the Fujian Provincial Committee and Provincial Government, with the Hong Kong Trade Development Council as a co-organizer, was held this week in Hong Kong.It is reported that the Hong Kong Web3.0 Association, the Greater Bay Area International Information Technology Association, and the Fujian Provincial Big Data Group signed a strategic cooperation agreement at this promotion conference. Relying on the established technological strength and respective advantageous resources, they will fully leverage the achievements of digital Fujian construction to jointly build a new type of integrated infrastructure for the digital economy between Fujian and Hong Kong, and promote cooperation in the digital economy field between Fujian and Hong Kong. (source link)

ChainCatcher News: Japanese telecom giant Fujitsu announced that it will launch a new blockchain-based cross-border collaboration platform, the "Fujitsu Web3 Accelerator Platform," on June 30, to use blockchain technology to connect transactions across different economic regions. The Fujitsu Web3 Accelerator Platform will provide "Fujitsu Computing as a Service Data e-TRUST" (Data e-TRUST) technology to partners participating in the "Fujitsu CaaS Accelerator Program."The platform will integrate "ConnectionChain" (cross-border securities settlement) technology, which was piloted in collaboration with the Asian Development Bank, ConsenSys, R3, and SORAMITSU, starting in January 2022, to achieve flexible and secure connections across multiple economies. (Source link)

ChainCatcher news, Chainlink announced that the serverless development platform Chainlink Functions has gone live on the Avalanche Fuji testnet. Smart contract developers building in the Avalanche ecosystem can now easily connect Web2 APIs and cloud services in their smart contracts using Chainlink Functions.ChainCatcher previously reported that Chainlink will launch a self-service serverless platform, Chainlink Functions, designed to connect DApps or smart contracts to Web2 APIs. Kemal El Moujahid, Chief Product Officer of Chainlink Labs, stated that Chainlink Functions also allows developers to quickly run customizable computations on Web 2 APIs through its network. The platform is currently undergoing internal testing on the Ethereum and Polygon testnets. (source link)

ChainCatcher News: Japanese IT service provider Fujitsu has submitted a trademark application to the United States Patent and Trademark Office, covering several cryptocurrency services. The application specifically mentions "financial management of crypto assets," "financial exchange of crypto assets," and "financial brokerage services for cryptocurrency trading."Previously reported, in February this year, Fujitsu announced the launch of the Web3 development service platform "Fujitsu Web3 Acceleration Platform," providing a development environment, blockchain service application interfaces, and high-computation services for startups, partner companies, and universities building Web3 applications and services. (Source link)

ChainCatcher news, IT service company Fujitsu announced in a press release on Monday that it is collaborating with nine other companies, including automaker Mitsubishi and global bank Mizuho Bank, to create an interoperable metaverse architecture named RYUGUKOKU (TBD) to expand the "Japanese Metaverse Economic Zone."The goal of this metaverse alliance is to help businesses establish frameworks to leverage Web3 marketing, work reform, and consumer experience programs. RYUGUKOKU, as a virtual world, connects users to various Web3 services created by companies and government agencies. (Source link)

ChainCatcher news, according to the Financial Times, Japanese electronics manufacturing and information technology services company Fujitsu will launch a new platform to support Web3 developers, aimed at providing a development environment, blockchain-based service APIs, high computing technologies, simulation, artificial intelligence, combinatorial optimization applications, and services for startups, partner companies, and universities building Web3.It is reported that the platform will support a range of use cases for creating Web3 applications, such as digital content copyright management, business transactions, contracts, and processes, and will also provide free access to some participants in Fujitsu's CaaS accelerator program. Starting in March, partners will be able to access the platform in Japan, and the company plans to expand its availability globally later this year. (Source link)

ChainCatcher news, the Web3 options protocol Volare Finance announced the completion of its seed round financing, led by Master Ventures Investment Management (MVIM), with participation from GSR, Arrington XRP Capital, Spark Digital Capital, GSR Markets, Huobi Ventures, among others, but the specific amount of this round of financing has not been disclosed.It is reported that Volare Finance helps investors adopt standard options strategies or customized options strategy combinations to hedge, speculate, and enhance returns, aiming to reduce the friction traders face in options trading. Previously, Volare Finance launched a testnet on the Fuji protocol, and the team continues to push for a transparent, reliable, and convenient decentralized mechanism for crypto options trading. (Source link)

Chain Catcher News: The Public Security Bureau of Fu'an City, Ningde, Fujian Province successfully dismantled a criminal gang that was operating in Fu'an, Xiamen, and other locations, suspected of providing illegal fund payment and settlement services for overseas gambling and fraud crimes using digital RMB, digital RMB accounts, and virtual currencies. The amount involved reached 100 million RMB, with 6 criminal suspects arrested, 11 bank accounts frozen, and a batch of tools seized. Currently, the 6 suspects have been criminally detained by the police. (Source link)