In an interview with Bloomberg, the founders of Three Arrows Capital (3AC) have finally broken their silence after five weeks since the dramatic downturn in the market and the implosion of their hedge fund. Su Zhu and Kyle Davies have stated that it was mainly due to their trades involving

According to the Department of Justice, Ishan Wahi, former product manager for Coinbase, was detained on Thursday morning because of an insider trading scheme while he was working at Coinbase. The assistant director of the FBI explained that the defendants managed to generate illicit gains of over $1.5 million

The non-profit, ₿trust, has recently located the founding member for its new Africa Open Source Cohort that will be locating and educating new Bitcoin developers in Africa. ₿trust was initially funded with a 500 BTC donation by Square CEO Jack Dorsey and rapper Jay-Z in February 2021. ₿trust was created

Fedi Inc. announced the closing of a $4.2 million seed round. This money will go to developing the Fedi mobile app, which is expected to begin rolling out in Q1 of 2023. The app is being built to provide a user interface for Fedimint, Fedi’s open-source Bitcoin custody

Leading electric car manufacturer, Tesla, sold most of its Bitcoin holdings in Q2 of 2022 according to their recent earnings report. Tesla sold approximately 75% of its Bitcoin position, which translates to more than $936 million, but the company currently holds around $218 million worth of Bitcoin. Tesla’s quarterly

Bitcoin infrastructure provider IBEX Mercado and Guatemalan startup OSMO Wallet are partnering to enable Central American users to buy, sell, and transact with Bitcoin.  The two companies are building out Bitcoin infrastructure in areas where 70% of the population are still unbanked despite the wide adoption of smartphones.  With increasing

Zipmex becomes yet another cryptocurrency company that is troubled by the current market conditions. Zipmex, a Singapore-based cryptocurrency exchange that operates in Thailand, Indonesia, and Australia, has released an official statement that the company will be pausing withdrawals.  The message below was announced from the Zipmex Twitter account explaining the

The Bitcoin Mining Council (BMC) announced the findings of its second quarter 2022 (“Q2") that focused on three main metrics: electricity consumption, technological efficiency, and sustainable power mix.  The BMC collected data from over 50% of the global Bitcoin Network as of June 30th, 2022, in their voluntary survey.