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3bn, biggest, Bitcoin, Britains, Chinese, Cryptocurrency, led, News, police, seizure, takeaway, worker, worth
How Chinese takeaway worker led police to Bitcoin worth £3bn in Britain’s biggest ever cryptocurrency seizure | UK News
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Within weeks of Yadi Zhang’s arrival in London in September 2017, Jian Wen had left her job and room in a Chinese takeaway and moved into a £5m six-bedroom house near Hampstead Heath. The women, who claimed to run an international jewellery business trading in diamonds and antiques in countries including Japan, Thailand and China,…
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Why Bitcoin has suffered a sharp pullback from record highs – and what might happen next | Business News
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Bitcoin has suffered a sharp pullback from record highs. The world’s biggest cryptocurrency fell to $66,885 in the early hours of Friday – down 9%. Only yesterday, the digital asset had been touching an unprecedented price of $74,000. Image: Bitcoin’s price over the past week. Pic: CoinGecko It is difficult to pinpoint a single reason…
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Computer scientist is not mystery Bitcoin inventor ‘Satoshi Nakamoto’, judge rules | Business News
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An Australian computer scientist is not ‘Satoshi Nakamoto’, the pseudonym attributed to the unknown person widely credited with inventing Bitcoin, a High Court judge has ruled. Dr Craig Wright, who claimed he was Satoshi, was sued by the Crypto Open Patent Alliance (Copa), a non-profit group that includes cryptocurrency firms. During the five-week trial, the…
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Bitcoin hits another new high as UK regulator paves way for more crypto trading | Business News
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The value of Bitcoin has reached a new high, just days after the previous record was broken. On Monday morning one Bitcoin, the best-known cryptocurrency, could buy $72,219 (£56,303). Money blog:Major lenders increase mortgage rates – what’s going on? The price of the digital asset has grown 51% in the last month alone as the…
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Bitcoin value hits new all-time high | Business News
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The value of the best-known cryptocurrency, Bitcoin, has reached a new high. For the first time ever one Bitcoin bought $69,202 (£54,404) on Tuesday afternoon, surpassing the previous high just below $69,000 (£54,242) recorded in November 2021. Money: Elon Musk loses title of world’s richest man It comes, as the previous high did, as a…
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Bitcoin hits $60,000 – as all-time high nears | Business News
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Bitcoin has hit $60,000 for the first time since November 2021 – putting the cryptocurrency in touching distance of a new record-high. One Bitcoin cost $60,650 at one point early on Wednesday afternoon, after days of huge rises. Money latest: Tax cuts and child benefit change – budget speculation round-up It was close to the…
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Bitcoin worth £1.4bn seized after ex-takeaway worker tried to buy £23m mansion, court hears | UK News
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Bitcoin worth more than £1.4bn was seized by police after a former Chinese takeaway worker tried to buy a £23.5m Hampstead mansion, a court has heard. Jian Wen, 42, is alleged to have acted as a “front person” to help launder some of the profits of a £5bn investment fraud carried out in China by…
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Bitcoin jumps on regulator’s ‘unauthorised’ X post | Business News
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Questions are being raised over security measures at X after hackers were blamed for a fake post on the US financial market regulator’s account that prompted a jump in the value of Bitcoin. Crypto investors were widely anticipating confirmation from the US Securities and Exchange Commission (SEC) this week that it had approved a Bitcoin…
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Bitcoin mining consumes more electricity than most countries, study suggests | Science & Tech News
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Bitcoin mining consumes more electricity than most countries, according to a new report on its damaging environmental impact. Mining is the process by which transactions are added to and validated on the blockchain, the public ledger for cryptocurrencies. Competing miners race to use computers to solve complex mathematical puzzles using extremely powerful hardware – receiving…
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Amateur, billions, Bitcoin, guilty, husband, launder, News, plead, rapper, Science, stolen, Tech, worth
Amateur rapper and her husband plead guilty after trying to launder stolen Bitcoin worth billions | Science & Tech News
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An amateur rapper and her husband have pleaded guilty to attempting to launder stolen Bitcoin. Heather Morgan and Ilya Lichtenstein went to desperate lengths in their attempts to convert billions of dollars worth of cryptocurrency into cash. At the time of their arrest in 2022, the stash of 120,000 Bitcoin was worth $4.5bn (£3.5bn). The…