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Wyoming Lawmakers Pass Bill Protecting Bitcoin Private Keys From Forced Disclosure
Wyoming Lawmakers Pass Bill Protecting Bitcoin Private Keys From Forced Disclosure
News  •  Bitcoin  •  Feb 16, 2023 by Deniz Saat

The state of Wyoming has approved legislation that protects its residents from being required to disclose their private keys. It now just needs the Governor’s signature to become law after being passed by the state Senate and House of Representatives. The bill reads: No person shall be compelled to

Billions of Dollars Backing Tether Are Overseen by Wall Street Firm
Billions of Dollars Backing Tether Are Overseen by Wall Street Firm
News  •  Technology  •  Feb 11, 2023 by Deniz Saat

Tether, the most popular stablecoin in the world, is backed by billions of dollars in Treasury Bills that are managed on Wall Street. According to those familiar with the situation, Cantor Fitzgerald is assisting Tether, in managing its $39 billion bond portfolio.  The securities are part of the $69 billion

CleanSpark Buys 20,000 ASICs and Expands Capacity by 37%
CleanSpark Buys 20,000 ASICs and Expands Capacity by 37%

For $43.6 million, CleanSpark Inc. has acquired 20,000 brand-new Antminer S19j Pro+ units and will pay $32.3 million after coupons. Once deployed, the new set of miners will increase the company’s mining capacity by 37%, or 2.44 exahashes per second (EH/s). With 15,000

News  •  Bitcoin  •  Feb 17, 2023
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CleanSpark Buys 20,000 ASICs and Expands Capacity by 37%
CleanSpark Buys 20,000 ASICs and Expands Capacity by 37%

For $43.6 million, CleanSpark Inc. has acquired 20,000 brand-new Antminer S19j Pro+ units and will pay $32.3 million after coupons. Once deployed, the new set of miners will increase the company’s mining capacity by 37%, or 2.44 exahashes per second (EH/s). With 15,000

News  •  Bitcoin  •  Feb 17, 2023
Wyoming Lawmakers Pass Bill Protecting Bitcoin Private Keys From Forced Disclosure
Wyoming Lawmakers Pass Bill Protecting Bitcoin Private Keys From Forced Disclosure

The state of Wyoming has approved legislation that protects its residents from being required to disclose their private keys. It now just needs the Governor’s signature to become law after being passed by the state Senate and House of Representatives. The bill reads: No person shall be compelled to

News  •  Bitcoin  •  Feb 16, 2023
Billions of Dollars Backing Tether Are Overseen by Wall Street Firm
Billions of Dollars Backing Tether Are Overseen by Wall Street Firm

Tether, the most popular stablecoin in the world, is backed by billions of dollars in Treasury Bills that are managed on Wall Street. According to those familiar with the situation, Cantor Fitzgerald is assisting Tether, in managing its $39 billion bond portfolio.  The securities are part of the $69 billion

News  •  Technology  •  Feb 11, 2023
LocalBitcoins To Shut Down P2P Exchange Service
LocalBitcoins To Shut Down P2P Exchange Service

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

News  •  Bitcoin  •  Feb 09, 2023
Craig Wright Loses Bitcoin Copyright Claim in UK Court
Craig Wright Loses Bitcoin Copyright Claim in UK Court

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

News  •  Bitcoin  •  Feb 08, 2023
Hut 8 and US Bitcoin Corp. Announce Merger
Hut 8 and US Bitcoin Corp. Announce Merger

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

News  •  Bitcoin  •  Feb 07, 2023
Genesis and Digital Currency Group Reach Initial Agreement With Creditors
Genesis and Digital Currency Group Reach Initial Agreement With Creditors

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

News  •  Business  •  Feb 07, 2023
First FDIC-insured Bank to Offer Bitcoin and Traditional Banking Services
First FDIC-insured Bank to Offer Bitcoin and Traditional Banking Services

The purchase of Burling Bank, an FDIC-insured Illinois state chartered bank, has been announced by LevelField Financial, a U.S. financial firm that provides digital asset services. According to the press release, LevelField will become the first finance entity that manages Bitcoin while being FDIC-insured and fully compliant. The bank

News  •  Bitcoin  •  Feb 03, 2023
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