News
Legends of Lightning Tournament Announces Winners
After 9 weeks maker activity, including 65+ events and 41 workshops, we have finally crowned our first ever Legend of Lightning! Congratulations Lightsats!
1 min read
News
News
Public Letter from Silvergate CEO Alan Lane
I wanted to take this opportunity to set the record straight about Silvergate’s role in the digital asset ecosystem and what we have always done, and continue to do, to ensure our customers act in accordance with our robust risk management controls.
3 min read
News
The Financial Times Reveals FTX's Full $5.4 Billion Venture Portfolio
Taken from an Excel spreadsheet dated early November, when SBF was seeking rescue funding amid a run on FTX customer deposits. The disparate bundle of nearly 500 illiquid investments is split across 10 holding companies.
2 min read
Releases
Ledger Announces New Hardware Wallet: Ledger Stax
The Ledger Stax will have an e-ink touch screen and can be used with a phone directly without a computer.
1 min read
News
African Bitcoin Mining Firm 'Gridless' Raises $2M in Funding Led by Block, Inc. and Stillmark
Gridless designs, builds, and operates bitcoin mining sites alongside small-scale renewable energy producers in rural Africa where excess energy is not utilized.
1 min read
News
Strike Launches New Remittance Feature: Easy Low Cost Payments to Kenya, Ghana, and Nigeria
Payments are instantly converted into naira, cedi, or shillings, and deposited directly into a recipient’s bank, mobile money, or Bitnob account.
1 min read
News
Digital Currency Group Owes Gemini Users $900M Amid Genesis Insolvency
Genesis is the main partner in Gemini’s “earn” programme, where retail investors lend out their coins in exchange for a fixed stream of returns. Gemini halted withdrawals from the scheme last month.
1 min read
News
Major Bitcoin Banking Partner Prime Trust Has Fired CEO Tom Pageler
Pageler had helmed the Nevada-based bank since January 2021, according to his Linkedin profile. He was previously its president and chief operating officer. It was not immediately clear why Pageler was fired.
1 min read
News
BlockFi Declares Bankruptcy: High Risk Loans Resulted in Insolvency
The BlockFi business model involved lending out customer deposits to generate a return that was passed back to customers. These loans were high risk and as the market turned counterparty risk left BlockFi insolvent.
1 min read
News
El Salvador Bitcoin Treasury Lacks Transparency
The public has had to rely on President Nayib Bukele’s word — or more specifically, his tweets — to find out when he’s buying bitcoin, how much and at what price.
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News
Genesis Balance Sheet Reveals $2.8 billion in Outstanding Loans: 30% made to related parties including parent company Digital Currency Group
Silbert noted that DCG has a liability of $575 million to Genesis. In the letter, he also described a $1.1 billion promissory note, due June 2032, which he said came about as the parent company stepped in to assume liabilities from Genesis related to the implosion of Three Arrows Capital.
1 min read
News
Tornado Cash Developer Alexey Pertsev to Remain in Jail Until at Least Late February: Held Without Charges Since August
He has been held in detention since August, days after the U.S. Treasury used sanction powers against the Tornado protocol.
1 min read