Tag: Bitcoin

Bitcoin hits all-time high

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Desk Report: The price of Bitcoin, the world’s largest cryptocurrency by market value, set a new record on Sunday. Today, its price in the US market rose to $ 125,245.57 cents, which is almost 2.7 percent higher than before. This information was revealed from a report by the news agency AFP. The price of Bitcoin reached a maximum of $ 124,480 in mid-August this year. At that time, the price rose due to favorable policies of the US President Donald Trump administration and increased demand from institutional investors. The price…

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‘Goddess of Wealth’ caught in police fraud case, 61,000 Bitcoins recovered

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Desk Report: Chinese national Zhimin Qian, also known as Yidi Zhang, has pleaded guilty to the world’s largest cryptocurrency fraud. He pleaded guilty at Southwark Crown Court in London on Monday. London’s Metropolitan Police said Qian ran a massive fraud ring in China between 2014 and 2017, defrauding more than 128,000 people of their money. He then converted the money into bitcoin and deposited it. A total of 61,000 bitcoins (worth around £5 billion or $6.7 billion) were seized in the case. It is the largest cryptocurrency fraud case in…

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