The U.S. government is moving to seize 127,271 BTC, valued at roughly $14 billion, tied to a sprawling online investment scam run by Chinese émigré Chen Zhi, 38, and his Cambodia-based Prince Group Transnational Criminal Organization.

The action, announced Monday by the U.S. Treasury’s Office of Foreign Assets Control (OFAC) and Financial Crimes Enforcement Network (FinCEN), comes as part of a sweeping crackdown on transnational cybercriminal networks and scams targeting U.S. and allied citizens. 

Chen Zhi, also known as “Vincent Chen,” had built a multi-billion-dollar empire in Cambodia through online scams that lure victims into fraudulent investment schemes known as…

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Bitcoin price slipped from 24-hour highs near $116,000 to around $110,000 overnight, as large on-chain movements from both the U.S. government and BlackRock fueled speculation about potential institutional repositioning.

According to on-chain analytics, the U.S. government transferred 667.6 BTC, worth roughly $74.8 million, to a new wallet early this morning. The move immediately sparked concerns that the coins — likely seized from prior law enforcement actions — could be en route to an exchange for liquidation. 

The transfer likely stems from the U.S. government’s August 2025 conviction of Sergei Potapenko and Igor Turogin in the Hashflare mining fraud case, according to…

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Inspired by a conversation with Fedi’s Obi Nwosu–about the often single-line focus in Eric Hughes’ “A Cypherpunk’s Manifesto” (1993) 

Cypherpunk Manifesto Wordcloud by Obi Nwosu generated via www.wordclouds.com

“Privacy is necessary for an open society in the electronic age. Privacy is not secrecy.A private matter is something one doesn’t want the whole world to know, but a secret matter is something one doesn’t want anybody to know.Privacy is the power to selectively reveal oneself to the world.”— Eric Hughes, “A Cypherpunk’s Manifesto” (1993)

It’s All About Privacy

In The Cypherpunk Manifesto, privacy is mentioned twenty-four…

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The bitcoin price has experienced a dramatic plunge, delivering one of the most severe sell-offs in crypto history over the past week. Over $19 billion in positions were liquidated in a matter of hours, with more than 1.6 million traders forced out of the market, the largest liquidation event ever recorded. Many altcoins plunged over 80%, leaving investors questioning whether the Bitcoin bull market has finally topped.

Bitcoin Price: Has the Bull Market Ended?

While the crash was brutal, the data doesn’t suggest the end of the bull cycle. BTC is now over 1,050 days into its current cycle — similar timing to the 2017 and 2021 peaks — but the broader backdrop looks…

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Cake Wallet, a mobile cryptocurrency app with a strong privacy focus, has recently announced the integration of xStocks to its supported tokens, to be released on the next update. The xStocks technology allows users throughout the world to get exposure to world-class equities like Google, Amazon, and Nvidia, in a familiar crypto format, minimizing the low privacy and high-friction user experience common to traditional finance.

“With Cake Wallet, anyone can be their own bank and their own brokerage, saving and investing from the same decentralized ecosystem,” said Vikrant Sharma, CEO of Cake Labs. Alex J., Chief Product Officer (CPO) at LetsExchange, also commented on the…

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Kenya has taken a major step toward embracing the digital economy after lawmakers approved the Virtual Asset Service Providers Bill, setting the stage for the regulation of cryptocurrencies and related services. Finance committee chair Kuria Kimani confirmed the bill’s passage, noting that it aims to provide clear rules for the fast-growing sector and boost investment opportunities. The legislation now awaits President William Ruto’s signature to become law.

Under the bill, the Central Bank of Kenya will oversee the licensing of stablecoins and other virtual assets, while the Capital Markets Authority will regulate crypto exchanges and trading platforms. By introducing this framework, Kenya positions itself alongside South Africa as one of the few African nations with clear laws governing digital assets. Lawmakers believe the clarity will attract global players like Binance and Coinbase, with discussions already underway.

Supporters argue the new law could make Kenya a gateway into Africa’s digital economy, especially as young people increasingly adopt crypto for payments, trading, and business. With its history of innovation through mobile money platforms like M-Pesa, Kenya is now extending its financial leadership into the world of blockchain and virtual assets.

It’s been a rocky three days for the crypto market… to say the least.

But bitcoin holders are faring best, as bitcoin price bounced back sharply to around $116,000 today following a volatile weekend that saw the broader crypto market slump.

The bitcoin price fell to the low $100,000s on Friday as U.S. and China trade tensions rattled global markets. President Donald Trump announced new 100% tariffs on Chinese goods after Beijing unveiled sweeping export controls set to begin Nov. 1. 

But over the weekend, market jitters eased and the bitcoin price gradually rebounded. President Trump walked back some of the fear and posted that ‘it will all be fine’ in reaction to…

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