cnLedger

Next time people tell you bitcoin is banned in China, show him this pic.

an AI agent freed itself and started secretly mining crypto um guys...

Bitcoin vs. Gold in wartime? Look at Iran. Following recent airstrikes, UK firm Elliptic reported a 7x surge in withdrawals from Iran's top crypto exchange, Nobitex. Unlike physical gold—which is heavy, risky to carry, and easily confiscated at borders—#Crypto allows citizens to quickly and safely move assets during a crisis. (A similar surge was seen during the Jan 9 protests). Real-world proof that digital assets offer true financial mobility when it matters most. 🛡️🌍 #Bitcoin #Gold #AisaCrypto #BTC

Why this matters: Seeing a Chinese consumer tech and telecom company pivot to use Saylor’s MicroStrategy as a proxy for $BTC exposure is a fascinating signal. Tech firms in Asia are finding ways to plug into the digital asset ecosystem. Bullish! 🐂🔥 #Crypto #MSTR #Bitcoin

Who is Coolpad? Coolpad Group is a veteran Chinese telecommunications and tech company. In the early 2010s, they were an absolute giant—one of the "Big 4" domestic smartphone manufacturers in China alongside Huawei, ZTE, and Lenovo.

Chinese tech money gaining #Bitcoin exposure! Coolpad Group, via its wholly-owned subsidiary Digital Tech, has acquired 39,000 shares of MicroStrategy $MSTR for approximately $5 million. The board calls this a major strategic move to enter the digital currency space and expand their digital asset portfolio.

4/ Why it matters: This highlights the risks of "Grey Hat" activities and the murky waters of crypto asset seizure in China. When local police can liquidate seized BTC before a court verdict, is it justice or revenue generation?

3/ The Defense: Lawyers are pleading NOT GUILTY. 🚩 Evidence tampering: HDDs weren't sealed. 🚩 Coercion: Li claims police threatened his pregnant wife to get a confession. 🚩 Double Jeopardy: Charged with "Opening a Casino" first, then switched to "Theft" to make charges stick.

183 $BTC Seized in China: Hacker vs. Police vs. Police? A Chinese network engineer allegedly exploited a gambling site, redirecting ~$5M in affiliate fees to his own wallet. Now, he’s facing 10+ years. But the story gets wild: Two different police depts fought over the case (and the assets). His 183 BTC? Already sold by police for fiat. A thread👇

IRONY: China's CBDC Chief (2000 ETH Bribe) — The Yao Qian Scandal Yao Qian, former head of China's Digital Currency Institute (the guy BUILDING the digital yuan), was just expelled from the Party & government for taking $10M+ in crypto bribes. The details are WILD: 1/ WHO HE WAS: PBoC Digital Currency Research Institute head Tech Regulation Chief of China Securities Regulatory Commission THE architect of China's CBDC Top crypto regulator since 2017 Literally the man in charge of China's state crypto policy. 2/ THE 2000 ETH BRIBE: In 2018, he helped a token project list on an exchange. His payment? 2,000 ETH — worth $60M+ at peak. Investigators traced every transaction from 2018 → 2021, when he cashed out 370 ETH for $1.5M. 3/ THE SCHEME: Hardware wallets seized from his office "Shell accounts" under relatives' names to buy a $3M Beijing villa Subordinate created "relay addresses" to launder bribes Thought blockchain anonymity would protect him 4/ HOW THEY CAUGHT HIM: Chinese anti-graft units used blockchain forensics to: Trace every transaction on-chain Link "anonymous" wallets to his identity Cross-reference bank records Follow the money to the villa 5/ THE LESSON: Blockchain never forgets. Even China's CBDC chief couldn't beat its transparency. The moment you cash out to real assets, you leave traces. Crypto isn't anonymous—it's pseudonymous. And authorities now have the tools. HODL your morals, not just your coins.

From Bitcoin intern to Meta VP: The incredible journey of Manus founder Xiao Hong! In 2013, while studying at Huazhong University, Xiao interned at 壹比特, a Bitcoin project alongside early Chinese crypto pioneers like @DiscusFish (F2Pool/Cobo co-founder). He listed "btc hodler" in his bio and HODLed through multiple cycles. Fast forward to Dec 2025: Meta acquired his AI agent company Manus for $2B+ 🎯 As @DiscusFish noted: "From Bitcoin to AI agents. The times have changed." The ultimate crossover story: early crypto conviction → AI innovation → Big Tech leadership. A decade-long bet that paid off massively. Crypto natives are shaping the future beyond blockchain. 🔥

Bitcoin hashrate just plunged ~17%—as Xinjiang authorities shut down hundreds of thousands of mining rigs in a renewed crackdown. These miners operate in a legal gray zone with no asset protection; many face outright confiscation. It's a human tragedy behind the metrics. Yet this pain catalyzes true decentralization. Hashpower is already migrating to Texas, Kazakhstan, Iceland—jurisdictions beyond any single state's grip. China's '21 purge triggered a global mining boom; this wave could accelerate green energy adoption and regulatory clarity worldwide. Bitcoin's design absorbs such shocks. Short-term hit, long-term network resilience.

First the AI giants courted China’s brightest—now Ethereum is campus-hopping for talent @ethereumfndn's global education program recently held two major events in China, drawing nearly 300 participants in total. The inaugural sessions were held at Peking University (China's top comprehensive university) on Dec 4 and Tsinghua University (China's top STEM institution) on Dec 6, with additional prestigious institutions slated to host the tour. Jointly organized by @LXDAO_Official and @ETHPanda_Org , the events featured: • Macro-level analysis of stablecoins & RWA markets • Technical deep dives into DApp challenges and scalability solutions • Hands-on workshops where students built and deployed their dApps • Career path guidance from Ethereum Foundation leads Full recap: youtube.com/watch?v=BRYp4C… youtube.com/watch?v=vZfgaD…

Chinese 'Crypto Queen' Sentenced in UK for Laundering Billions​ Zhimin Qian, a Chinese national dubbed the "Crypto Queen," has been sentenced to 11 years and 8 months​ in a UK prison for masterminding one of the largest Bitcoin money laundering cases in history. The scheme involved 61,000 BTC (worth ~$7.2 billion)​ seized by British police, linked to a Ponzi fraud in China that victimized 128,000 investors​ between 2014 and 2017. Qian operated a company, Tianjin Lantian Gerui, promising unrealistic returns before fleeing to the UK with illicit funds converted to Bitcoin. Her attempt to buy a $30 million London mansion​ with crypto triggered the investigation, exposing a complex web of luxury purchases and cross-border asset concealment. The case highlights escalating international collaboration: Chinese authorities provided evidence and witness testimony to UK investigators, marking a rare example of Sino-British judicial cooperation on crypto crime. Unresolved Questions:​ With Qian’s sentencing, the focus now shifts to the fate of the seized Bitcoin. Will the UK return assets to compensate Chinese victims, or will they be absorbed into British state coffers? The outcome could set a precedent for how cross-border crypto seizures are handled—and whether victims of large-scale frauds see justice beyond a conviction.

China's gov cybersecurity agency alleges a state-level Bitcoin heist by U.S. : The 127K BTC ($15B) stolen from LuBian mining pool (linked to Cambodian tycoon Chen Zhi) in Dec 2020 was announced seized by U.S. authorities in Oct 2025. Technical analysis: Hackers exploited a critical flaw—private key entropy reduced to 32 bits (brute-forceable). US claimed lawful forfeiture, but CVERC calls it "state-sponsored operation" after tracking 4-year dormancy & 2024 on-chain moves. Note: U.S. has not responded to these hacking claims. [Source] China's cybersecurity agency CVERC (gov-backed, akin to US-CERT) mp.weixin.qq.com/s/vIg9N2xRy6o6…

China’s key medical diagnostics provider, Huajian Healthcare, pivots to ETH. Acquired ​​5,190 ETH​​ (~$19M), to deploy ​​$112M more. Huajian Healthcare (HK: 1931), a 20-year supply-chain firm with 1,674 Chinese hospital partnerships, just launched a “Global Enhanced Ethereum Treasury” plan. Target: become the HK-traded company with the largest ETH balance. They'll buy ETH through HK exchanges, then tokenize medical RWAs, with profits auto-converted to ETH. Legal angle: Hong Kong’s open-crypto rules let mainland China firms experiment while staying inside capital-control lines—so if Huajian pulls it off, expect copycats!