Authorities in the United States and the United Kingdom have seized more than $14 billion worth of bitcoin in what officials describe as one of the largest financial crackdowns in history. The operation targeted Chen Zhi, a UK and Cambodian national accused of running a vast cryptocurrency fraud empire under the Prince Group conglomerate. Chen,…
A U.S. federal court has sentenced Ilya Lichtenstein to five years in prison for laundering cryptocurrency stolen during the 2016 hack of the Bitfinex cryptocurrency exchange. The theft involved nearly 120,000 Bitcoin, one of the largest cryptocurrency heists in history. At the time of the hack, the stolen Bitcoin was valued at approximately $70 million…
Bitcoin soared to an all-time high above $80,000 on Sunday, with the cryptocurrency rallying in the days following Donald Trump’s projected victory in the U.S. presidential election. Bitcoin’s remarkable rise, which saw it gain 80% so far this year, has sharply outpaced the S&P 500’s 25.7% gain, marking a significant leap for digital currency enthusiasts…
The quest to uncover the identity of Bitcoin’s enigmatic creator, Satoshi Nakamoto, has once again fallen short, leaving the cryptocurrency world with more questions than answers. A recent press event held in London promised a grand unveiling, with organisers claiming the real Satoshi would finally step forward. Yet, the event ultimately left attendees unconvinced and…
Bitcoin’s price has surged to a six-month peak, surpassing $73,500 in the final week before the U.S. presidential election. This latest rise marks Bitcoin’s highest value since April and reflects a 6% gain as of Tuesday, October 29, at 3 p.m. EDT. According to Forbes, the cryptocurrency’s value has jumped by 13% throughout October, outpacing…
Elon Musk, the billionaire CEO of Tesla, has issued a stark warning about the U.S.’s financial future, predicting a looming bankruptcy due to skyrocketing national debt—a scenario he believes could trigger a major bitcoin price boom. The warning came after the U.S. national debt surged by $204 billion in just one day, hitting a record…
Bitcoin has reached its highest level in about a year, surpassing $31,400 per coin before retracing some gains. This surge follows Bitcoin trading above $30,000 for the first time since April, when investor confidence was shaken by the collapses of Silicon Valley Bank and Signature Bank. Bitcoin has experienced an 87% increase in value this…
Barely a year after Tesla announced a major investment in Bitcoin, the company has now sold off most of its holdings of the cryptocurrency. At the end of 2021, Tesla offloaded 75% of its Bitcoin, which was worth about $2bn (£1.7bn) at the time. This saw the electric car company backing away as the value…
