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Blockchain Company ConsenSys Faces Serious Audit
Blockchain Company ConsenSys Faces Serious Audit
News  •  Altcoins  •  Mar 02, 2022 by Brandon Keys

A group of thirty-five former employees of the blockchain company ConsenSys AG (CAG) requested for a special audit to investigate serious irregularities at CAG. These former employees represent 50% of all known ConsenSys AG claims that the board breaches fiduciary duties.  In the official complaint, Kavita Gupta a former general

$8 Billion Logistics Firm Holds Bitcoin
$8 Billion Logistics Firm Holds Bitcoin
News  •  Bitcoin  •  Mar 01, 2022 by Daniel Kuhman

Ryan Petersen, CEO of global logistics platform Flexport, posted to Twitter on Monday that the company holds a non-zero amount of Bitcoin on their $1.6B balance sheet. The post was in response to a comment on an earlier thread asking what percentage of the portfolio was “hard money (aka

Crypto Exchanges Forced to Comply with Sanctions
Crypto Exchanges Forced to Comply with Sanctions

As fiat sanctions against Russia have frozen most financial options for Russian citizens and oligarchs alike, many people were turning to Bitcoin and crypto to protect their financial assets. However, many governments, including Ukraine's have called for the freezing of crypto accounts on exchanges. The initial response from

News  •  Bitcoin  •  Mar 04, 2022
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Crypto Exchanges Forced to Comply with Sanctions
Crypto Exchanges Forced to Comply with Sanctions

As fiat sanctions against Russia have frozen most financial options for Russian citizens and oligarchs alike, many people were turning to Bitcoin and crypto to protect their financial assets. However, many governments, including Ukraine's have called for the freezing of crypto accounts on exchanges. The initial response from

News  •  Bitcoin  •  Mar 04, 2022
Blockchain Company ConsenSys Faces Serious Audit
Blockchain Company ConsenSys Faces Serious Audit

A group of thirty-five former employees of the blockchain company ConsenSys AG (CAG) requested for a special audit to investigate serious irregularities at CAG. These former employees represent 50% of all known ConsenSys AG claims that the board breaches fiduciary duties.  In the official complaint, Kavita Gupta a former general

News  •  Altcoins  •  Mar 02, 2022
$8 Billion Logistics Firm Holds Bitcoin
$8 Billion Logistics Firm Holds Bitcoin

Ryan Petersen, CEO of global logistics platform Flexport, posted to Twitter on Monday that the company holds a non-zero amount of Bitcoin on their $1.6B balance sheet. The post was in response to a comment on an earlier thread asking what percentage of the portfolio was “hard money (aka

News  •  Bitcoin  •  Mar 01, 2022
Samson Mow Leaves Blockstream
Samson Mow Leaves Blockstream

Samson Mow has announced that he is leaving his post as Chief Strategy Officer at Bitcoin infrastructure company blockstream.  Mow joined Blockstream in April 2017 shortly after it had appointed Dr. Adam Back as CEO and raised $55 million Series A funding. The block size debate was reaching its crescendo

News  •  Business  •  Mar 01, 2022
Specs for Intel’s Second Generation ‘Bonanza Mine’ Revealed
Specs for Intel’s Second Generation ‘Bonanza Mine’ Revealed

Information included in a recent SEC filing from Bitcoin mining company GRIID revealed details about Intel’s second generation “Bonanza Mine” Bitcoin miner. The mining system, referred to as BMZ2, apparently provides 135 TH/s at 3510W, with an efficiency of 26 J/THs. The miner is priced at nearly

News  •  Bitcoin  •  Feb 28, 2022
Bitcoin Miners Pledge Their Support For Ukraine
Bitcoin Miners Pledge Their Support For Ukraine

Braiins, the first bitcoin mining pool company, has donated 10 of their own bitcoin as well as 2.5 petahash to support Ukraine in lieu of Russia's invasion into the sovereign state. The company also created a hashrate donation account on Slush Pool so that Bitcoin miners across

News  •  Bitcoin  •  Feb 28, 2022
Bitfarm's New Financing Deal With BlockFi
Bitfarm's New Financing Deal With BlockFi

Global self-mining Bitcoin company Bitfarms (NASDAQ: BITF) announced last week that they had entered into a $32M financing deal with crypto-financial services company BlockFi. Under the terms of the agreement, Bitfarms entered into a two-year, 14.5% interest rate, equipment loan for the purchase of 6,100 Bitmain S19j Pro

News  •  Bitcoin  •  Feb 28, 2022
Bitfury Launches New Bitcoin Mining Facility in Ontario
Bitfury Launches New Bitcoin Mining Facility in Ontario

On Tuesday, the Bitfury Group - one of the world’s leading Bitcoin mining technology companies - announced that they were launching a new mining center in Sarnia, Ontario. The facility is already operational and is expected to reach a capacity of 16MW by the end of February and 28MW

News  •  Bitcoin  •  Feb 23, 2022
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