To expand its institutional Bitcoin mining colocation services, leading Bitcoin infrastructure company Blockstream has announced that it raised $125 million in convertible note and secured loan financing.  The convertible note was led by Kingsway Capital, Fulgur Ventures, and other investors. The sole financial advisor to Blockstream is Cohen & Company

European Union legislators have voted in favor of imposing rigorous capital requirements on banks that hold Bitcoin and cryptocurrencies. Economic spokesperson for the EU parliament’s European People’s Party Markus Ferber states that “banks will be required to hold a euro of their own capital for every euro they

Andrew Barnard and Doug Carrillo, the co-founders of Bitstop, have acquired Genesis Coin Inc., the first and largest Bitcoin ATM software platform in the world. Over 35% of all Bitcoin ATM transactions worldwide use Genesis Coin’s technology. Through Bitstop, Barnard and Carrillo created one of the first platforms for

Genesis Global Capital and Genesis Asia Pacific, two of Genesis’ lending companies, have both filed for Chapter 11 bankruptcy. According to their announcement, the firm intends to implement a global resolution in order to maximize value for all clients and stakeholders while strengthening its business for the future. Genesis Global

Mississippi and Missouri state legislators have submitted bills that aim to formally safeguard the rights of citizens to mine Bitcoin and operate Bitcoin nodes. Senator Josh Harkins (R) and Representative Jody Steverson (R) are leading the campaign in Mississippi while Phil Christofanelli (R) filed the relevant bill in Missouri. The

The Bitzlato cryptocurrency exchange has been shut down, and the FBI has arrested the exchange’s owner, Anatoly Legkodymov, according to a statement from the U.S. Department of Justice (DOJ).  Representatives from the law enforcement agency disclosed via a live video on January 18th, 2023 that the Hong Kong-based

The first hydroelectric-powered mining facility in Wisconsin was just launched by Sazmining, a hosting services provider for Bitcoin mining, giving the business a carbon-neutral source of electricity. 350 mining machines will be housed in the new facility and will be powered by a neighboring river’s water flow that passes

The unregistered offering and sale of securities to retail investors through the Gemini Earn crypto asset lending program was charged by the Securities and Exchange Commission (SEC) today against Genesis Global Capital, LLC and Gemini Trust Company, LLC.  The SEC claims that Genesis and Gemini raised billions of dollars’ worth