The Stalker
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The Stalker
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⚠️ Crypto China in News!
#bitcoin #BTC #Binance #USDT #Ethereum
Fraud victims want China to recover $4.3B worth of Bitcoin seized by UK police
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United Kingdom authorities found 61,000 BTC when they raided a house rented by money launderers in 2021.
Victims of a Chinese electronics company's fraud scheme seek to recover $4.3 billion in Bitcoin with UK government assistance.
A group representing the scam victims reportedly submitted a letter to the Ministry of Foreign Affairs of China requesting it to negotiate with the U.K. government to recover the seized Bitcoin.
The funds were taken through a $6.2-billion investment scheme conducted by Tianjin Lantian Gerui Electronic Technology from 2014 to 2017.
The group, which also contacted China’s Ministry of Public Security, said it collected almost 2,500 signatures from victims and plans to submit them to both ministries.
The letter calls for the Chinese government to cooperate with the U.K. and provide evidence demonstrating their rightful ownership of the Bitcoin. The letter said:
“We do not want, and will never accept, a situation where Bitcoins are confiscated by the UK and not returned to us.”
The U.K. government has not said how it would deal with the Bitcoin seized in the case.
U.K. authorities seized the cryptocurrency after former hospitality worker Jian Wen attempted to launder funds by buying a $30-million mansion with BTC. The purchase failed when Wen could not explain the source of the funds.
This led to an investigation by the authorities, culminating in a raid on a house in 2021. At the time, police found 61,000 BTC in the property rented by Wen and her boss, Zhimin Qian, the suspected mastermind of the investment fraud scheme.
The BTC was worth $1.7 billion when it was seized in 2021 but is now worth about $4.3 billion as Bitcoin’s price has since risen.
Wen initially claimed the Bitcoin was mined, then changed her story, saying it was a gift. Charged with three counts of money laundering, she was found guilty on March 20.
#bitcoin #BTC #Binance #USDT #Ethereum
Fraud victims want China to recover $4.3B worth of Bitcoin seized by UK police
Get Crypto Here
United Kingdom authorities found 61,000 BTC when they raided a house rented by money launderers in 2021.
Victims of a Chinese electronics company's fraud scheme seek to recover $4.3 billion in Bitcoin with UK government assistance.
A group representing the scam victims reportedly submitted a letter to the Ministry of Foreign Affairs of China requesting it to negotiate with the U.K. government to recover the seized Bitcoin.
The funds were taken through a $6.2-billion investment scheme conducted by Tianjin Lantian Gerui Electronic Technology from 2014 to 2017.
The group, which also contacted China’s Ministry of Public Security, said it collected almost 2,500 signatures from victims and plans to submit them to both ministries.
The letter calls for the Chinese government to cooperate with the U.K. and provide evidence demonstrating their rightful ownership of the Bitcoin. The letter said:
“We do not want, and will never accept, a situation where Bitcoins are confiscated by the UK and not returned to us.”
The U.K. government has not said how it would deal with the Bitcoin seized in the case.
U.K. authorities seized the cryptocurrency after former hospitality worker Jian Wen attempted to launder funds by buying a $30-million mansion with BTC. The purchase failed when Wen could not explain the source of the funds.
This led to an investigation by the authorities, culminating in a raid on a house in 2021. At the time, police found 61,000 BTC in the property rented by Wen and her boss, Zhimin Qian, the suspected mastermind of the investment fraud scheme.
The BTC was worth $1.7 billion when it was seized in 2021 but is now worth about $4.3 billion as Bitcoin’s price has since risen.
Wen initially claimed the Bitcoin was mined, then changed her story, saying it was a gift. Charged with three counts of money laundering, she was found guilty on March 20.
🚨 COIN MARKETS ALERT
#HOTTRENDS #Fantom $FTM
Fantom’s FTM is the Best Performing Non-Meme Token of the Past 30 Days...
Get Crypto Here
Fantom's upcoming Sonic upgrade, set to ramp up transaction speeds, seems to be sparking investor excitement, hinting at potential value acceleration for the cryptocurrency.
Layer 1 blockchain Fantom’s native token FTM has gained over 190% in four weeks, becoming the best-performing non-meme cryptocurrency among the top 100 digital assets by market value.
FTM’s price has surged from 40 cents to $1.16, reaching the highest since April 2022, according to data tracked by CoinGecko. The token’s market capitalization has jumped to $3.29 billion, making it the 44th largest digital asset in the world.
Bitcoin (BTC), the market leader, has rallied 28% in four weeks and ether, the second-largest cryptocurrency, has gained nearly 20%. The CoinDesk 20 Index, a broader market gauge, has risen by 33%.
Fantom’s impending Sonic upgrade, expected to boost transaction processing speeds, may have galvanized investor interest in the cryptocurrency. The Sonic mainnet will replace the existing mainnet Opera in the spring of this year. Sonic’s testnet went live in October last year.
The closed testnet with simulated traffic has demonstrated a maximum theoretical throughput of 2,000 transactions per second (TPS) with a time to finality of 1.1 seconds. As of writing, the Opera mainnet had a throughput of just 3.2 transactions per second.
TPS measures transaction processing per second, while time to finality signifies how long it takes for a transaction to become irreversible after confirmation on the blockchain.
The Fantom Virtual Machine (FVM) in the upgrade significantly accelerates smart contract execution, ensuring seamless migration for Ethereum-based decentralized applications to Fantom.
Like, Share...
Oh & one more thing
Don't forget to claim👉 DNHZSEPB
#HOTTRENDS #Fantom $FTM
Fantom’s FTM is the Best Performing Non-Meme Token of the Past 30 Days...
Get Crypto Here
Fantom's upcoming Sonic upgrade, set to ramp up transaction speeds, seems to be sparking investor excitement, hinting at potential value acceleration for the cryptocurrency.
Layer 1 blockchain Fantom’s native token FTM has gained over 190% in four weeks, becoming the best-performing non-meme cryptocurrency among the top 100 digital assets by market value.
FTM’s price has surged from 40 cents to $1.16, reaching the highest since April 2022, according to data tracked by CoinGecko. The token’s market capitalization has jumped to $3.29 billion, making it the 44th largest digital asset in the world.
Bitcoin (BTC), the market leader, has rallied 28% in four weeks and ether, the second-largest cryptocurrency, has gained nearly 20%. The CoinDesk 20 Index, a broader market gauge, has risen by 33%.
Fantom’s impending Sonic upgrade, expected to boost transaction processing speeds, may have galvanized investor interest in the cryptocurrency. The Sonic mainnet will replace the existing mainnet Opera in the spring of this year. Sonic’s testnet went live in October last year.
The closed testnet with simulated traffic has demonstrated a maximum theoretical throughput of 2,000 transactions per second (TPS) with a time to finality of 1.1 seconds. As of writing, the Opera mainnet had a throughput of just 3.2 transactions per second.
TPS measures transaction processing per second, while time to finality signifies how long it takes for a transaction to become irreversible after confirmation on the blockchain.
The Fantom Virtual Machine (FVM) in the upgrade significantly accelerates smart contract execution, ensuring seamless migration for Ethereum-based decentralized applications to Fantom.
Like, Share...
Oh & one more thing
Don't forget to claim👉 DNHZSEPB
🚨 Attention Crypto Traders! 🚨🔍
#HOTTRENDS #btchalving2024
Bitcoin Halving: This to know!
Before Halving:
1. Anticipation Builds: As the halving date approaches, anticipation and speculation within the cryptocurrency community intensify. Traders monitor market sentiment and price movements in anticipation of potential pre-halving rallies.
2. Price Volatility Increases: Heightened trading activity leads to increased price volatility in the weeks leading up to the halving. Traders capitalize on short-term price swings, resulting in rapid fluctuations.
3. Mining Activity Intensifies: Miners ramp up efforts to accumulate Bitcoin before the halving, impacting network congestion and transaction fees.
4. Varied Market Sentiment: Market sentiment varies before the halving, with optimism for a post-halving surge and caution due to potential volatility.
After Halving:
1. Immediate Price Reaction*: The immediate post-halving price reaction is closely watched, often experiencing short-term spikes or pullbacks.
2. Market Consolidation: Market enters a period of consolidation as traders assess the impact of reduced block rewards on supply dynamics.
3. Long-Term Price Trajectory: Over time, reduced inflationary pressure and increased scarcity contribute to sustained price appreciation.
4. Mining Adjustment: Miners recalibrate operations in response to the halving, affecting the network's hash rate before stabilizing.
Before and after the halving, the cryptocurrency market experiences heightened activity, increased volatility, and shifts in investor sentiment. While short-term price movements can be unpredictable, the halving event underscores Bitcoin's scarcity and long-term value proposition as a deflationary digital asset.
#HOTTRENDS #btchalving2024
Bitcoin Halving: This to know!
Before Halving:
1. Anticipation Builds: As the halving date approaches, anticipation and speculation within the cryptocurrency community intensify. Traders monitor market sentiment and price movements in anticipation of potential pre-halving rallies.
2. Price Volatility Increases: Heightened trading activity leads to increased price volatility in the weeks leading up to the halving. Traders capitalize on short-term price swings, resulting in rapid fluctuations.
3. Mining Activity Intensifies: Miners ramp up efforts to accumulate Bitcoin before the halving, impacting network congestion and transaction fees.
4. Varied Market Sentiment: Market sentiment varies before the halving, with optimism for a post-halving surge and caution due to potential volatility.
After Halving:
1. Immediate Price Reaction*: The immediate post-halving price reaction is closely watched, often experiencing short-term spikes or pullbacks.
2. Market Consolidation: Market enters a period of consolidation as traders assess the impact of reduced block rewards on supply dynamics.
3. Long-Term Price Trajectory: Over time, reduced inflationary pressure and increased scarcity contribute to sustained price appreciation.
4. Mining Adjustment: Miners recalibrate operations in response to the halving, affecting the network's hash rate before stabilizing.
Before and after the halving, the cryptocurrency market experiences heightened activity, increased volatility, and shifts in investor sentiment. While short-term price movements can be unpredictable, the halving event underscores Bitcoin's scarcity and long-term value proposition as a deflationary digital asset.
#HOTTRENDS #SolanaSurges
#Q. Is $SOL worth owning?
Before offering an answer, it's essential to grasp its objectives and assess its potential benefits.
- Solana stands out as a high-performance decentralized finance platform designed to tackle the trilemma of speed, security, and decentralization within blockchain technology.
- Operating on a layer-1 blockchain protocol, it employs a Proof-of-Stake (PoS) consensus algorithm known as Tower BFT, enabling remarkable transaction processing capabilities of up to 65,000 transactions per second.
- Central to Solana's architecture is its native cryptocurrency, SOL, utilized for transaction fees and network security. Notably, Solana implements innovative techniques such as Segment Trees to minimize data storage requirements and enhance efficiency.
- Developed by a team of seasoned engineers, Solana competes vigorously with established blockchains like Ethereum by offering superior transaction speeds and lower costs, positioning itself as a scalable solution for financial applications and decentralized systems.
So, based on the information from various sources, Solana presents a compelling case for ownership. While Solana has shown impressive growth and innovation, some suggest that its success may be more tied to utility coins like USDC rather than its native token.
#Q. Is $SOL worth owning?
Before offering an answer, it's essential to grasp its objectives and assess its potential benefits.
- Solana stands out as a high-performance decentralized finance platform designed to tackle the trilemma of speed, security, and decentralization within blockchain technology.
- Operating on a layer-1 blockchain protocol, it employs a Proof-of-Stake (PoS) consensus algorithm known as Tower BFT, enabling remarkable transaction processing capabilities of up to 65,000 transactions per second.
- Central to Solana's architecture is its native cryptocurrency, SOL, utilized for transaction fees and network security. Notably, Solana implements innovative techniques such as Segment Trees to minimize data storage requirements and enhance efficiency.
- Developed by a team of seasoned engineers, Solana competes vigorously with established blockchains like Ethereum by offering superior transaction speeds and lower costs, positioning itself as a scalable solution for financial applications and decentralized systems.
So, based on the information from various sources, Solana presents a compelling case for ownership. While Solana has shown impressive growth and innovation, some suggest that its success may be more tied to utility coins like USDC rather than its native token.
#HOTTRENDS #BitcoinHalvingAlerts #Bitcoin $BTC
Halving! What could happen?
The future looks bright for bitcoin in 2024!
1. The upcoming Bitcoin halving event in April 2024 is highly anticipated. During this event, mining rewards will decrease from the current 6.25 Bitcoin per block to 3.125 BTC per block added to the blockchain, reducing the daily release of new Bitcoin and strengthening its position as a store of value.
2. Previous halving events have historically led to price increases due to the upcoming supply shock, with basic economics suggesting that prices are likely to rise if demand for Bitcoin remains steady while the supply is cut in half.
3. The current cycle also sees new demand sources, particularly from institutional investors through newly launched spot Bitcoin ETFs, which could further drive positive price movements.
4. Additionally, the entry of institutional players like BlackRock and Fidelity into Bitcoin is contributing to increased demand and potential price surges.
Halving! What could happen?
The future looks bright for bitcoin in 2024!
1. The upcoming Bitcoin halving event in April 2024 is highly anticipated. During this event, mining rewards will decrease from the current 6.25 Bitcoin per block to 3.125 BTC per block added to the blockchain, reducing the daily release of new Bitcoin and strengthening its position as a store of value.
2. Previous halving events have historically led to price increases due to the upcoming supply shock, with basic economics suggesting that prices are likely to rise if demand for Bitcoin remains steady while the supply is cut in half.
3. The current cycle also sees new demand sources, particularly from institutional investors through newly launched spot Bitcoin ETFs, which could further drive positive price movements.
4. Additionally, the entry of institutional players like BlackRock and Fidelity into Bitcoin is contributing to increased demand and potential price surges.
$#HOTTRENDS An update i thought was worth sharing with you guys!
🚀 Get ready for a wild ride in 2025 as $DOT $SOL $ADA are poised to skyrocket! With upgrades enhancing scalability and innovation, these cryptos are set to redefine the future of finance. Hold on tight – the journey to the moon begins now! 🌕🚀✨
1. Solana:
- High-performance blockchain platform for dApps.
- Known for its fast transaction processing and low fees.
- Achievements: Rapid adoption in DeFi, NFTs, and gaming.
2. Polkadot:
- Multi-chain platform for blockchain interoperability.
- Innovations: Relay chain facilitates communication between parachains.
- Achievements: Parachain auctions launched, fostering interoperable ecosystem.
3. Cardano:
- Third-generation blockchain focusing on scalability and sustainability.
- Features: Peer-reviewed research, layered architecture.
- Achievements: Protocol upgrades (Shelley, Alonzo), growing adoption in finance, supply chain, and governance sectors.
More on: https://pixelplex.io/blog/polkadot-vs-cardano-vs-solana/
🚀 Get ready for a wild ride in 2025 as $DOT $SOL $ADA are poised to skyrocket! With upgrades enhancing scalability and innovation, these cryptos are set to redefine the future of finance. Hold on tight – the journey to the moon begins now! 🌕🚀✨
1. Solana:
- High-performance blockchain platform for dApps.
- Known for its fast transaction processing and low fees.
- Achievements: Rapid adoption in DeFi, NFTs, and gaming.
2. Polkadot:
- Multi-chain platform for blockchain interoperability.
- Innovations: Relay chain facilitates communication between parachains.
- Achievements: Parachain auctions launched, fostering interoperable ecosystem.
3. Cardano:
- Third-generation blockchain focusing on scalability and sustainability.
- Features: Peer-reviewed research, layered architecture.
- Achievements: Protocol upgrades (Shelley, Alonzo), growing adoption in finance, supply chain, and governance sectors.
More on: https://pixelplex.io/blog/polkadot-vs-cardano-vs-solana/
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