Chinese fraud victims are seeking the return of over £3 billion worth of bitcoin seized by UK authorities during a money laundering investigation involving Jian Wen, a Chinese restaurant worker. The victims, numbering over 128,000, fell prey to a £5 billion scam orchestrated by Tianjin Lantian Gerui Electronic Technology between 2014 and 2017. The saga involves a convoluted web of deceit, investigations, and legal proceedings spanning multiple countries. The Scam Unveiled Tianjin Lantian Gerui Electronic Technology, a Chinese company, reportedly perpetrated a massive investment fraud scheme ..read more

Organizers of the annual Bitcoin FilmFest have announced an innovative video contest to spotlight the capabilities of the Lightning Network. Titled “The Lightning Luminary Video Contest,” it calls on Bitcoiners to create and submit 1-minute videos showcasing Lightning in creative ways. With $1,500 in total prize money up for grabs, the contest aims to uncover unique perspectives and use cases around the Bitcoin scaling solution. ?Bitcoin FilmFest Presents: The Lightning Luminary Video Contest✨ With the 2nd edition of BFF looming large, join our celebration of the wonders of film & Bitco ..read more

In today’s dynamic financial landscape, Bitcoin stands out as a safe haven for wealth accumulation. However, alongside its potential for substantial gains comes inherent risk, and mitigating said risk is a critical priority.  Bitcoin self custody is an effective strategy to address this challenge. Let’s explore diverse methods for mitigating risk and ensuring the security of our bitcoin holdings. Using Bitcoin Self Custody and Multisig for Risk Mitigation 1 of 3 multisig on the real world pic.twitter.com/cYftuSK86Z — Jeff Lundeen (@StrongJawSales) January 23, 2024 Multi-signature, or ..read more

As Hong Kong is on the cusp of approving a spot Exchange-Traded Fund (ETF) tied to Bitcoin, the citizens are hoping to position the city as a hub for digital asset-related financial products in the Asia-Pacific region. Approval of Hong Kong bitcoin spot ETFs will likely cause a significant shift in the bitcoin market. Matrixport, a Singapore-based provider of digital asset services, forecasts that the impending approval could unleash a staggering $25 billion in demand from Chinese investors through the Soundbound Stock Connect program. This program facilitates transactions of up to 500 billion ..read more

Despite a downturn in venture capital (VC) activity overall, funding for Bitcoin startups experienced a significant surge in 2023, according to a report by Trammell Venture Partners (TVP). The research highlights a remarkable 360% increase in the number of pre-seed deals for Bitcoin-native companies, with a corresponding rise of 56.9% in the number of funded Bitcoin firms. Trammell Venture Partners: Bitcoin Startups and VC Firms A “Bitcoin native company” is defined as one whose success is intricately linked with the Bitcoin network and operates under the belief that Bitcoin is the future’s g ..read more

As bitcoin’s price continues to fluctuate, so do the fortunes of Bitcoin Exchange-Traded Funds (ETFs). Recent developments in the price action of the asset and scene of Bitcoin ETFs shed light on the bitcoin market and its future outlook. In the past days, the Bitcoin market has witnessed significant volatility, mirrored by fluctuations in the spot Bitcoin ETF landscape. From outflows to inflows and back again, these ETFs have been on a rollercoaster ride, reflecting the uncertainty and rapid shifts in investor sentiment. Grayscale’s Bitcoin ETF saw $166 million leave, as outflows continue pos ..read more

Paraguayan senators are now opting to pause the development of a proposed digital asset mining ban. They have shifted their focus towards the potential economic advantages of leveraging excess energy from the country’s Itaipu dam hydropower plant to fuel bitcoin mining operations rather than exporting it to neighboring Brazil and Argentina. Source Initial Mining Ban Proposal The decision to reassess the proposed ban comes just a week after lawmakers introduced a draft bill on April 4, suggesting a 180-day prohibition on Bitcoin mining. The rationale behind the ban stemmed from allegations of ..read more

As the highly anticipated Bitcoin halving event draws near, the mining landscape witnesses a significant surge in complexity, with Bitcoin mining difficulty hitting a new all-time high of 85.51 trillion, as per data by BitInfoCharts.com. The latest adjustment which occurred on April 10, reflected a 3.4% increase from the previous difficulty level of 83 trillion, set on March 28. Bitcoin mining difficulty historical chart — Source Analysts expect this adjustment to be the last one before the upcoming halving. The next Bitcoin mining difficulty adjustment is projected to happen in around 13 day ..read more

As the highly anticipated Bitcoin halving event approaches, the market is abuzz with excitement. Recent reports indicate a significant surge in demand for bitcoin, potentially signaling a supply shock that could drive prices higher in the near future. Demand Outpaces Miner Issuance According to data from CryptoQuant, demand for Bitcoin from long-term holders, often referred to as “HODLers,” has surpassed miner issuance for the first time in history. This unprecedented phenomenon suggests a notable shift in bitcoin’s supply-demand dynamics. Analysts note that the cohort of long-term holders is ..read more

Paraguayan senators are now opting to pause the development of a proposed digital asset mining ban. They have shifted their focus towards the potential economic advantages of leveraging excess energy from the country’s Itaipu dam hydropower plant to fuel bitcoin mining operations rather than exporting it to neighboring Brazil and Argentina. Source Initial Mining Ban Proposal The decision to reassess the proposed ban comes just a week after lawmakers introduced a draft bill on April 4, suggesting a 180-day prohibition on Bitcoin mining. The rationale behind the ban stemmed from allegations of ..read more