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Chinese Woman Convicted in UK for Leading $6.9B Bitcoin Scam

Zhimin Qian, a Chinese national, was convicted in the U.K. Crown Court for her involvement in a fraudulent bitcoin operation that defrauded over 128,000 victims in China from 2014 to 2017, amounting to 5.1 billion pounds ($6.9 billion). Qian stored her illegal gains in bitcoin and later fled to the U.K. She attempted to launder the funds by purchasing property with assistance from her accomplice Jian Wen, who was convicted last year for his role in the scheme. The Metropolitan Police seized 61,000 BTC, reported to be the largest cryptocurrency seizure globally. Earlier this year, sales stemming from this case impacted bitcoin's market price significantly. The legal proceedings underline the ongoing issues of cryptocurrency-related fraud and emphasize the importance of regulatory measures.

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CoinRoutes Acquires QIS Risk For $5M to Bolster Institutional Crypto Trading Tools

CoinRoutes has acquired QIS Risk for $5 million in cash and stock, aiming to enhance its institutional crypto trading capabilities. This acquisition merges CoinRoutes' algorithmic execution technology with QIS Risk's portfolio monitoring and risk analytics tools. Fred Cox, the founder of QIS Risk, will assume the role

SUI Declines 3% as $144M Token Unlock Spurs Selloff

SUI, the native token of the Sui network, dropped 3.3% over 24 hours, falling from $3.32 to $3.21. This decline was attributed to a significant token unlock event, with $143.9 million worth of tokens being released, which included 44 million tokens scheduled from September 29 to

Solana finalists: Ignition Demo Day at Singapore Token2049

During Token2049 week in Singapore, the Ignition Demo Day showcased six finalists from a total of 223 projects building on Solana, as part of Superteam Singapore's Ignition initiative. The finalists included Azza, Home Harvest, DeCharge, and Altify, each addressing unique market needs. Azza, described as a stablecoin neobank,

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