Google achieves 40x reduction in quantum errors with breakthrough...
Google Makes Major Breakthrough In Quantum Computing, Showing That "Magic State Cultivation" Works...
Anthropic expands independent AI evaluator access with METR
PRIVACY-PRESERVING IDENTITY LAYER TRUSTED BY GOOGLE, OPERA, AND 20M+ USERS selfxyz LAUNCHES...
Ledger roasted over $849 device launch after $86M hack
Zcash Co-Founder Doubles Down on Explosive $5,000 ZEC Call, Reveals $2,000 Is Already a “No-Brainer”
BlackRock’s Larry Fink Warns AI Data Center Halt Could Tip US Into Recession
Volvo Cars expands NVIDIA partnership on automated driving
Ledger Confirms $93 Million Hack Linked to Physical Device Implant
Cross River Bank Brings Ripple’s RLUSD Into Traditional Banking
Vitalik Buterin Advocates for a More Autonomous Ethereum Community
250,000,000 $USDC (249,889,100 USD) minted at USDC Treasury...
Ripple Prime Connects Institutions to Hyperliquid’s 24/7 Markets Through Swaps
3 Reasons Why Bitcoin (BTC) Could Bounce Back Quickly After the Latest Pullback
Bitcoin’s $100,000 dream slips away as $939 million crypto wipeout pushes traders toward $78,000
Vitalik Buterin: A Sign of Ethereum's Maturity Is That It Can Keep Moving Forward Without My...
Trump’s crypto bill loses its White House negotiator as Patrick Witt exits
CoreWeave halved since joining Nasdaq 100 as insiders sold $740 million
Binance US Chases $100 Million at a Fraction of Past Valuation: Bloomberg
Chainalysis: Task Scammer Loses Over 60 BTC Worth $4.8M in Ledger Wallet TheftChainalysis said that...
Stellar Integrates Tokenized High-Yield Corporate Bonds for DeFi Applications
Google Says AI Isn't Building Itself Yet—Even Though It Writes 75% of the Code
Algorand Price Prediction: Can ALGO Rebound Toward $0.615?
Crypto.com Launches Predict Pro for US Prediction Market Traders
NVIDIA RTX Spark launch begins with global events for Windows PCs
Ex-Trump crypto adviser profited after helping pass stablecoin bill: WSJ
250,000,000 $USDC (250,070,625 USD) minted at USDC Treasury...
Solend Crypto Explained: How the Solana-Based Lending…
Hamilton Lane Advances Onchain Strategy with RedStone's Support for Stablecoin Transactions
Russia Prohibits Self-Custody Withdrawals from Regulated Cryptocurrency Accounts
Tether paid Bo Hines’ company while he was at White House, WSJ
Bitcoin Price Rebounds Above $82K After Brief Dip Below $80K
How Chainalysis Tracks Crypto Money Laundering: What…
Lack of "Clarity" Leads to CFTC Rulemaking Efforts
Ripple Price Analysis: Is the Worst Over for XRP After Holding $1.30?
Bitcoin Price Analysis: Has the $80K Drop Killed BTC’s Bullish Setup?
Russia to End Direct P2P Crypto Transactions From July 2027
Bitcoin, Ethereum Recover as US PPI Jumps and Liquidations Hit $937M
Pyth Network Price Prediction: Can PYTH’s Breakout Reach $1.15?
USDC Becomes the EU's First Stablecoin Under MiCA's Dual Supervision
Brazil’s CVM Tests Tokenized Securities Market in New Pilot Program
Sweden revisits digital krona as ECB advances digital euro plans
papertrade_xyz CO-FOUNDER izebel_eth REJECTS solana "IM FLATTERED SOLANA, BUT I DONT FEEL...
Binance US Seeks Up to $100M at $1B Valuation to Expand US Business, Considers Tapping Binance...
Zcash Price Prediction: Can NU7 Revive ZEC Momentum?
Jio Platforms Launches Crypto Futures Ahead of Major IPO
NEW: Binance US is seeking to raise as much as $100 million at a valuation of about $1 billion,
Harvey launches Legal Work Orchestration for matter management
Charles Schwab Launches Direct Trading for Bitcoin and Ethereum
Mastercard and BVNK Launch 'Global Money Platform' to Merge Fiat and Stablecoins
Coinbase, Glassnode say bitcoin recovery remains constructive
BINANCE US SEEKS $100M AT $1B VALUATION, TRUMP'S WORLD LIBERTY WAS SHOWN DEAL BUT CHOSE NOT TO...
VanEck Scraps Planned Lido Staked Ether ETF in SEC Filing
NVIDIA launches Nemotron 3.5 Super VL for multimodal agents
Charles Schwab CEO Sees Crypto as a New Revenue Engine
NVIDIA adds Nemotron 3.5 Super VL and Bolt models for agents
Binance.US Aims to Raise $100 Million for Expansion
Mastercard and BVNK Launch Platform for Fiat and Stablecoin Payments
Australia Proposes Legislation for Cryptocurrency Transaction Reporting
Uniform Labs Secures $8 Million in Funding for Tokenized Asset Platform Multiliquid
Bitcoin Bull-Bear Tug-of-War Intensifies, Odds of Reaching $100,000 Before Christmas Fall Below 10%
Circle's Gateway Achieves $10 Billion in Transfer Volume
BINANCE.US SEEKS $100 MILLION TO EXPAND ITS CRYPTO BUSINESS: BBG ...
Multiliquid, a settlement platform for tokenized assets, raises $8 million
Ethereum Faces $8.71B Liquidation Risk as ETH Price Tests $2,350 – Is Another Flush Ahead?
Russia to Ban Direct P2P Crypto Trades Starting July 2027According to Cointelegraph, the Bank of...
The Custody Rule Is Back (Part II): Crypto Finally Gets Its Own Lane
Stripe, Plasma Partner to Develop Multi-Currency Stablecoin Cards
Australia eyes A$14 million capital rule as crypto regulatory crackdown deepens
UK Court Rules Chinese Law Governs Claims to Seized Bitcoin
A High Court in the United Kingdom has ruled that claims to over 61,000 Bitcoin, valued at approximately $5 billion, will be governed by Chinese law rather than English law. This decision complicates the recovery process for around 16,000 victims of a fraud scheme orchestrated by Zhimin Qian, also known as Yadi Zhang or Qian Zhimin, who was convicted for his role in a Ponzi-style operation that ran from 2014 to 2017.
The ruling, delivered by Mr Justice Mark Turner on or around October 12, 2026, falls under civil recovery proceedings initiated under the Proceeds of Crime Act 2002. The court's decision means that claimants must now demonstrate a proprietary interest in the Bitcoin according to Chinese legal standards, which is a more stringent requirement than simply proving a creditor claim. This shift raises the bar for victims seeking to reclaim their losses, as they must provide stronger evidence of ownership.
The Bitcoin in question was acquired through a scheme that resulted in significant financial losses for victims, primarily Chinese investors, who signed over 128,000 investment contracts amounting to approximately RMB 40.2 billion, or around £4.1 billion. The funds were converted into Bitcoin via exchanges and over-the-counter trades in China. Following the scheme's collapse in 2017, Qian relocated to the UK, where he was later sentenced to 11 years and 8 months for money laundering in November 2025.
This ruling not only impacts the current victims but also sets a precedent for future cases involving seized digital assets. The decision highlights the complexities of international law in cryptocurrency cases, particularly as the value of such assets can fluctuate significantly between the time of the crime and legal proceedings. Upcoming hearings will further explore the implications of Chinese property rights in this context, and victims may consider appeals as they navigate the new legal landscape.
Source: KLEA News