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On September 12th, the official Weibo account of "The Dark Side of the Moon" posted: Information circulating online regarding the founder and employees is completely fabricated and malicious rumor-mongering. We have immediately reported the matter to the police and will pursue legal action against those responsible for spreading the rumors. Please do not believe or spread rumors.On September 12th, He Baohong, Chief Engineer of the China Academy of Information and Communications Technology (CAICT), stated at the 2026 China Computing Power Conference that the development of comprehensive computing power should revolve around differentiated layout, software and hardware industry systems, low-carbon computing power infrastructure, and a nationally integrated institutional system, driving the shift in computing power construction from scale expansion to quality and efficiency improvement. Regarding regional policy implementation, advantageous regions should focus on both improving existing capacity and addressing rigid demand gaps, deeply cultivating high-value-added scenarios; growing regions should strengthen regional computing power hubs, using industry applications to drive upgrades in storage, computing, and network infrastructure; resource-rich regions should undertake non-real-time businesses such as training and cold data, supplementing their external transportation networks and industrial ecosystems. In terms of extending and strengthening the industrial chain, it is recommended that newly built intelligent computing centers be equipped with storage and networks simultaneously, improving the entire chain of chips, servers, databases, and models, using real business needs to drive the construction of computing power, storage, and transportation capacity. Regarding green empowerment and unified management, it is recommended to promote liquid cooling, energy-saving renovations, and computing-electricity synergy, improve clean energy consumption, and improve pricing, trading, value accounting, and compliance supervision systems.September 12th - Following the Houthi rebels capture of the key Red Sea town of Muha, the number of ships passing through the Bab el-Mandeb Strait on the 10th plummeted to single digits. Data shows that as of approximately 3 PM local time on the 10th, only six ships had passed through the strait that day, compared to 30 on the 9th, 26 on the 8th, and 29 on the 7th. The report stated that of the ships that passed through on the 10th, five carrying grain, crude oil, coal, and fertilizer left the strait, while another ship entered. The Bab el-Mandeb Strait connects the Red Sea and the Gulf of Aden and is a vital shipping route in the Middle East, handling approximately 12% of the worlds goods.September 12th - According to Canadian media reports on September 11th, Dominic LeBlanc, Canadas Minister for Canada-US Trade, stated at a cabinet meeting that there are currently no formal trade negotiations arranged between Canada and the United States, but he remains in contact with US Trade Representative Greer and US Commerce Secretary Howard Lutnick. LeBlanc said the escalating trade dispute between Canada and the United States remains a key issue for the government. The Canadian government must prepare for potential trade agreements, and any agreement must respect Canadian sovereignty and be in the national interest.On September 12, Sun Lei, Chargé dAffaires ad interim of the Permanent Mission of China to the United Nations, spoke at a high-level discussion during the UN South-South Cooperation Day commemoration on September 11, calling for deeper South-South cooperation. Sun Lei stated that China supports the statement made by Uruguay on behalf of the "Group of 77 and China" and appreciates the efforts made by the UN Office for South-South Cooperation to promote development in the Global South. Southern countries face the common task of achieving economic and social development and should adhere to the principles of independence, equality, and mutual benefit, leveraging the advantages of South-South cooperation in capacity building and knowledge sharing to form a synergy for development. China has always been a member of the Global South and welcomes the continuous enrichment of South-South cooperation mechanisms and platforms. China expects relevant cooperation to continue to be led by developing countries and demand-oriented, achieving practical results.

Brother of ex-Coinbase manager pleads guilty to insider trading charge

Jimmy Khan

Sep 13, 2022 11:46

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In what U.S. authorities have dubbed the first insider trading case involving cryptocurrencies, the brother of a former Coinbase Global Inc product manager entered a guilty plea to a wire fraud conspiracy charge on Monday.


Nikhil Wahi, 26, acknowledged making transactions using secret Coinbase information during a virtual court proceeding before U.S. District Judge Loretta Preska in Manhattan.


Ishan Wahi, the former product manager, allegedly sent secret information about new digital assets that Coinbase planned to allow customers trade to his brother and their mutual acquaintance Sameer Ramani.


The assets were reportedly acquired by Nikhil Wahi and Ramani using Ethereum blockchain wallets, and were allegedly transacted at least 14 times prior to Coinbase disclosures in June 2021 and April 2022.


According to prosecutors, these disclosures often increased the value of the assets and produced profits of at least $1.5 million.


Nikhil Wahi admitted to the court, "I understood that it was improper to obtain Coinbase's sensitive information and execute transactions based on that secret information.


He said that he was aware that by entering a guilty plea, he would ultimately be removed from the country and "lose all that I have fought for."


Last month, Nikhil Wahi entered a guilty plea; however, he then altered it after reaching a deal with the prosecution. In December, he will be sentenced.


Ishan Wahi has entered a not guilty plea and will next be in court on March 22. Ramani, who was charged as well, is missing.


One of the biggest cryptocurrency exchanges in the world is Coinbase, which claims to have disclosed its findings from an internal investigation into the trade with the authorities.