News
Gemini CoFounder Cameron Winklevoss Accuses Barry Silbert and DCG of Fraud in Open Letter to DCG Board
Gemini partnered with DCG's Genesis to generate yield for their consumer facing Gemini Earn product.
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News
Major Bitcoin Banking Partner 'Silvergate Bank' Lost Over $700M Liquidating Debt to Cover $8.1 Billion in Withdrawals Amid Bank Run
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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Coinbase Pays $50M to NY Gov and Promises to Surveil Users More
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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Fedimint Hackathon: Win Bitcoin for Creating Fedimint Modules, 2.58 Bitcoin in Prizes
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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Gemini Cofounder Cameron Winklevoss Public Letter Claims Barry Silbert and DCG Have Not Cooperated to Recover Funds for Gemini Earn Customers: Withdrawals Have Been Frozen for 47 Days
Funds deposited into the Gemini Earn program were lent to Genesis and users are owed nearly a billion dollars.
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CEO of Bitcoin Miner 'Bitfarms' Resigns, COO Takes Over: Stock Down 92% This Year
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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Twitter Data Breach: Private Data for 400M Users Posted for Sale Including Phone Numbers
Data Includes: Email addresses, Names, Usernames, Numbers of Followers, Profile Creation Date, Phone numbers.
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SBF's '$250M Bond' Incredibly Overstated: No Money Paid, Parents' ~$4M House Only Collateral Posted
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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Lastpass: Hackers Stole Customer Vault Data in Cloud Storage Breach - Data Vulnerable to Master Password Bruteforce - Sensitive Customer Info Also Taken
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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Two FTX Executives Plead Guilty to Criminal Charges. SBF Released on $250M Bond at U.S. Court Appearance: Home Confinement at Parents' Home in Palo Alto, California
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 is Filing for Bankruptcy: Largest Publicly Traded Bitcoin Mining Firm in the World
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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Paul Sztorc Launches 'Layer 2 Labs' Company to Promote and Develop Drivechains Proposal with $3M Seed Funding
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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