After operating for more than ten years, the Finland-based peer-to-peer (P2P) Bitcoin platform LocalBitcoins, is shutting down operations. On February 9th, LocalBitcoins announced that the company was ceasing operations due to challenging market conditions. LocalBitcoins CEO Nikolaus Kangas stated that “regardless of our efforts to overcome challenges and turn our

According to a UK court, Craig Wright cannot assert any copyright claims regarding Bitcoin’s code.  Wright was unable to provide evidence of what is known as “fixation,” in order to support his claim that the formatting of Bitcoin blocks is his intellectual property. Fixation describes the capacity to present

Bitcoin miner Hut 8 and US Bitcoin Corp. have agreed to merge. Under the newly formed Hut 8 Corp., both companies are now wholly owned subsidiaries. The press release states that “the transaction is expected to establish [Hut 8 Corp.] as a large-scale, publicly traded Bitcoin miner focused on economical

According to remarks made by Sean O’Neal of Cleary Gottlieb, who is representing Genesis, a division of Digital Currency Group (DCG), a restructuring agreement has been reached with creditors. The sale of Genesis Global Trading would be one part of this plan to maximize recovery. The agreement will also