Chinese Woman Admits Role in $7 Billion Bitcoin Laundering Scheme

In a dramatic turn of events, Zhimin Qian, also known as Yadi Zhang, has pleaded guilty to her involvement in one of the largest cryptocurrency laundering cases to date. The Southwark Crown Court heard her admission of possessing nearly $7 billion worth of illegally obtained Bitcoin, stemming from a fraudulent investment scheme that deceived tens … Read more

UN Adopts Blockchain to Modernize Pension Identity Verification

The United Nations has launched a blockchain-based identity verification system to modernize operations within its Joint Staff Pension Fund (UNJSPF). The initiative replaces outdated manual processes prone to errors, aiming to boost efficiency and strengthen data protection. The system, built on the Digital Certificate of Entitlement (DCE) using self-sovereign identity (SSI), gives participants full control … Read more

Michael Saylor Increases Bitcoin Holdings Despite Company’s Stock Decline

In a move that underscores the ongoing volatility of the cryptocurrency market, Michael Saylor’s company, Strategy, continues to expand its Bitcoin reserves even as its own stock faces downward pressure. The firm’s latest purchase reaffirms its long-standing approach of buying and holding digital assets, though the broader investment climate remains challenging as market swings affect … Read more

Bitcoin Core v30 Sparks Community Debate Over Expanded Data Capacity

Bitcoin Core developers have unveiled version 30, a major update expected to roll out by late October, igniting heated discussions across the crypto community. The update introduces several technical changes, with the most controversial being the expansion of the OP_RETURN field, which increases the current data limit from 80 bytes to nearly 4 megabytes. This … Read more

Ethereum and Bitcoin ETFs Face Heavy Outflows Amid Market Volatility

Exchange-traded funds (ETFs) tied to Ethereum ($4.17B AUM) and Bitcoin ($114B AUM) saw significant withdrawals last week, underscoring a turbulent period for crypto investment products. Ethereum ETFs endured a record week of outflows, while Bitcoin ETFs also posted substantial redemptions, reflecting shifting investor sentiment during heightened price volatility. Why Ethereum ETFs were hit harderEthereum ETFs … Read more

Bitcoin Breaks Above $111K as Market Eyes Potential “Uptober” Rally

Bitcoin surged past the $111,000 mark on Sunday, reaching $113,975 and fueling optimism for the much-anticipated “Uptober” rally after a challenging September. However, uncertainty lingers as the Chicago Mercantile Exchange (CME) futures gap opened this week, a price discrepancy not seen in weeks. Historically, these gaps tend to close quickly, hinting at a possible short-term … Read more