According to a report by American financial media CNBC on October 15, U.S. law enforcement agencies uncovered a large-scale 'pig-butchering' scam in Cambodia, seizing 127,271 bitcoins held by the mastermind behind it, with a total value of about $15 billion. This is the largest confiscation operation in the history of the U.S. Department of Justice. The U.S. Federal Court in Brooklyn, New York, announced an indictment on October 14, accusing 37-year-old Chen 'Vincent' Zhi and others of conspiracy to commit wire fraud and money laundering. Zhi is currently at large and is believed to still be in Cambodia. If convicted, he could face up to 40 years in prison. "As alleged, the defendants are the masterminds behind a vast wire...
Recently, the US Department of Justice announced approval to sell 69370 bitcoins, worth approximately $6.5 billion, seized from the dark web marketplace Silk Road. This decision has aroused widespread concern and discussion in the market, especially in the context of the upcoming re appointment of President elect Trump. Trump made it clear during the election campaign that the government would establish a "Bitcoin reserve" and promised to "never sell" the seized Bitcoin. Therefore, this ruling not only involves fluctuations in the cryptocurrency market, but also relates to future government cryptocurrency policies. The "Bitcoin Strategic Reserve Act" has gained bipartisan consensus and supports the purchase of 1 million bitcoins with federal funds The US Department of Justice (DOJ) obtained...
In the long run, the rise of Bitcoin is actually facing a risk that has recently become a hot topic in the stock market, but most cryptocurrency investors may not have paid attention to: quantum computing. This emerging technology has attracted attention from all walks of life after Google announced this month that its new Willow quantum computing chip has made a breakthrough. After Willow's release, Google's stock price immediately soared, with a 10% increase within two days. The price of Bitcoin fell in response, dropping by 6% at its lowest point. In 2019, Google used a 54 bit quantum computer called Sycamore to demonstrate "quantum superiority," which means that quantum computers have exponential computing power over classical computers. At...
Against the backdrop of the booming global cryptocurrency market, on December 9, 2024, Binance founder Zhao Changpeng presented a stunning viewpoint at the Bitcoin MENA conference in Abu Dhabi: China may become one of the countries establishing Bitcoin reserves. In the context of the upcoming implementation of the US Bitcoin Strategic Reserve Plan, Zhao Changpeng's viewpoint is particularly noteworthy. All parties are considering its possibilities and potential impacts, and the future direction is full of suspense and variables. Zhao Changpeng stated that Bitcoin, known as "digital gold" due to its scarcity and decentralized characteristics, is increasingly favored among investment groups. Compared to traditional legal tender and financial instruments, its value preservation efficiency is more outstanding. The Bitcoin reserve strategy is...
Bitcoin is the king of cryptocurrencies, with a market cap of over $1.3 trillion. With such a valuation, it’s no surprise that the largest Bitcoin holders have jaw-dropping balances — billions of dollars worth of Bitcoin per wallet. In this article, we’ll look at the Bitcoin Rich List and try to identify the top 10 Bitcoin holders. Whenever possible, we’ll provide more insights about each address.Bitcoin Rich List and Top 10 Holders in 2024Let’s take a look at the top 10 holders on the Bitcoin Rich List and learn more about these Bitcoin giants. 1. Binance Cold WalletHoldings: 248,598BTC Value: $16.4 billionAddress: 34xp4vRoCGJym3xR7yCVPFHoCNxv4TwseoThe largest Bitcoin holder is the wallet controlled by the Binance cryptocurrency exchange. Binance is the world’s largest...
