In a historic move, Scottish prosecutors have confiscated 23.5 Bitcoin from John Ross Rennie, a man linked to a 2020 robbery near Glasgow.
The incident marked Scotland's first case involving the tracing of stolen cryptocurrency.
The March 2020 home invasion in Blantyre saw three men, armed with a machete and a Toblerone bar, break into a property.
During the robbery, a victim was forced to transfer Bitcoin at knifepoint. One of the robbers used the Toblerone bar as a weapon, further adding an unusual element to the crime.
related reading：Leader of violent cryptocurrency theft ring convicted, could face life sentence
Prosecutors invoked proceeds of crime legislation to confiscate and convert the stolen Bitcoin into £109,601 ($144,017), which was aligned with the cryptocurrency's value at the time of the theft. Though the current value of 23.5 BTC far exceeds this amount, the conversion reflects the exchange rate during the robbery.
source：tradingview
Rennie, identified as the "technical brains" behind the operation, instructed how to transfer the Bitcoin.
He denied direct involvement, claiming he was coerced by a relative to deposit the funds into an exchange account.
However, the court deemed his role crucial and sentenced him to 150 hours of unpaid work and a six-month supervision order.
Stephen Mollah recently claimed to be Satoshi Nakamoto at a press conference in London but failed to provide any credible evidence to support his assertion. The event, which was marred by technical issues and confusion, left attendees frustrated and questioning the validity of Mollah’s claims, which echo similar unproven assertions made by others in the past.
AnaisBitcoin was close to $73,000 on Wednesday, almost breaking its all time high just a week before the U.S. elections.
XingChiIndia has recently announced that the country is considering banning cryptocurrencies like Bitcoin and Ether in favor of its Central Bank Digital Currency (CBDC).
XingChiTether is biting back on The Wall Street Journal for speculating that the company is under investigation by the U.S federal government.
XingChiMicrosoft has made a firm stance to say NO to Bitcoin, stating that this aligns better with the company's long term interest.
XingChiU.S. spot Bitcoin ETFs are nearing a milestone of one million BTC in holdings, driven by strong inflows and growing institutional demand. As Bitcoin's price rises, analysts warn that supply constraints could push prices even higher.
WeatherlyIn December, Microsoft shareholders will vote on investing in Bitcoin. Despite growing interest, the board advises against it, pointing to their current strategy of evaluating diverse investments, including Bitcoin. Will shareholders heed the board’s caution or opt for crypto?
KikyoEl Salvador's President Nayib Bukele donated two Bitcoins, worth about $134,000, to help build 1,000 schools in Honduras, a country facing poverty and educational challenges. The donation was received by philanthropist Shin Fujiyama, who co-founded Students Helping Honduras and is currently running a charity run in El Salvador to raise funds for the initiative.
WeatherlyTesla recently transferred its entire Bitcoin stash of 11,509 BTC to new wallets, sparking speculation about a possible sell-off. However, blockchain analysts believe these movements are just wallet rotations, indicating that Tesla still owns the Bitcoin and may be preparing for future strategic moves.
AnaisSince taking office as the Minneapolis Fed President in 2016, Kashkari has been openly critical of cryptocurrencies.
XingChi
JinseFinanceThe move mirrors that of Binance, the world's largest crypto exchange, in terms of leaving Canada.
OthersThis latest approval highlights Bybit's continued commitment to expanding its presence in emerging and dynamic markets.
OthersBybit and Swyftx are the latest victims of the spreading crypto contagion, with both firms announcing job cuts in the wake of FTX collapse.“
decryptBybit is the latest crypto exchange to slash a sizeable portion of its workforce.
OthersHuobi and Bybit have publicly provided their proof of reserves to assure investors.
BeincryptoAn advisory notice from the United States Office of Government Ethics intends to leave the hodlers out of decision-making on crypto.
Cointelegraph"Bybit responded to the OSC’s enforcement action, maintained an open dialogue, provided requested information, and committed to engaging in registration discussions," said the OSC.
Cointelegraph"We really want to follow the example of NBA Top Shot. A community that creates collective value by putting players under an individual umbrella," said LÜM CEO and founder Max Fergus.
CointelegraphThe function enables users to speculate on future prices of cryptos and settle their trades using USDC.
Cointelegraph