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The collapse of FTX sparked a run on Silvergate Capital Corp. forcing the bank to sell assets at a steep loss to cover some $8.1 billion in withdrawals.
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The exchange will pay a $50 million fine for letting customers open accounts without sufficient background checks and spend $50 million to increase surveillance.
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As an open source custody platform, Fedimint is a unique place where you can not only store your bitcoin, but also, extend the functionality of your bitcoin to add privacy, smart contracts or anything else you can imagine within the scope of a community.
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Funds deposited into the Gemini Earn program were lent to Genesis and users are owed nearly a billion dollars.
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Founded in 2017, Bitfarms is a global Bitcoin self-mining company, running vertically integrated mining operations with onsite technical repair, proprietary data analytics and Company-owned electrical engineering and installation services.
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Data Includes: Email addresses, Names, Usernames, Numbers of Followers, Profile Creation Date, Phone numbers.
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News outlets all around the globe reported that Bankman-Fried got out on bail by posting a gargantuan, unprecedented “$250 million bond.” As it turns out, there is less than meets the eye in this “$250 million bond.”
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Customer account information and related metadata including company names, end-user names, billing addresses, email addresses, telephone numbers, and IP addresses were also compromised.
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Bankman-Fried, 30, was arrested last week in the Bahamas, where he lived and where FTX is based, cementing the one-time billionaire's fall from grace. He departed the Caribbean nation in FBI custody on Wednesday night.
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Core Scientific market cap has fallen from $4.3 billion in July 2021 to $78 million as of the end of trading on Tuesday. The company's stock has dropped more than 98% in the past year.
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The primary goal of drivechains is to enable altcoin functionality without the need for the respective tokens. For drivechains to be implemented it would require a soft fork of the bitcoin network. This change is extremely unlikely to get implemented.
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This would eliminate $57-$68 million of debt, leaving Greenidge with approximately 1.8 EH/s of its own miners, while requiring that the mining firm also pledge the rest of its unencumbered assets to secure the remainder of the loan.
