Ledger Announces New Hardware Wallet: Ledger Stax
The Ledger Stax will have an e-ink touch screen and can be used with a phone directly without a computer.
News
African Bitcoin Mining Firm 'Gridless' Raises $2M in Funding Led by Block, Inc. and Stillmark
Gridless designs, builds, and operates bitcoin mining sites alongside small-scale renewable energy producers in rural Africa where excess energy is not utilized.
Strike Launches New Remittance Feature: Easy Low Cost Payments to Kenya, Ghana, and Nigeria
Payments are instantly converted into naira, cedi, or shillings, and deposited directly into a recipient’s bank, mobile money, or Bitnob account.
Digital Currency Group Owes Gemini Users $900M Amid Genesis Insolvency
Genesis is the main partner in Gemini’s “earn” programme, where retail investors lend out their coins in exchange for a fixed stream of returns. Gemini halted withdrawals from the scheme last month.
Major Bitcoin Banking Partner Prime Trust Has Fired CEO Tom Pageler
Pageler had helmed the Nevada-based bank since January 2021, according to his Linkedin profile. He was previously its president and chief operating officer. It was not immediately clear why Pageler was fired.
BlockFi Declares Bankruptcy: High Risk Loans Resulted in Insolvency
The BlockFi business model involved lending out customer deposits to generate a return that was passed back to customers. These loans were high risk and as the market turned counterparty risk left BlockFi insolvent.
El Salvador Bitcoin Treasury Lacks Transparency
The public has had to rely on President Nayib Bukele’s word — or more specifically, his tweets — to find out when he’s buying bitcoin, how much and at what price.
Genesis Balance Sheet Reveals $2.8 billion in Outstanding Loans: 30% made to related parties including parent company Digital Currency Group
Silbert noted that DCG has a liability of $575 million to Genesis. In the letter, he also described a $1.1 billion promissory note, due June 2032, which he said came about as the parent company stepped in to assume liabilities from Genesis related to the implosion of Three Arrows Capital.
Tornado Cash Developer Alexey Pertsev to Remain in Jail Until at Least Late February: Held Without Charges Since August
He has been held in detention since August, days after the U.S. Treasury used sanction powers against the Tornado protocol.
Effective Altruism Group Debated SBF’s Ethics in 2018: Appears to be Complicit in the Fraud
The collapse of the crypto exchange FTX and the fall of its eccentric founder, Sam Bankman-Fried, has brought with it a wave of questions about the philosophical movement that he helped fund and seemed to embody, “effective altruism.”
Hoseki Launches Real-Time Proof of Reserves Hub for Bitcoin Companies
No two users can claim the same addresses on the platform ensuring that there is no cross-attestation. Additionally, if a user removes an address or wallet, that address cannot be re-attested for at least 60-days.
The Securities Commission of The Bahamas Confirms They Seized Digital Assets of FTX's Bahamas Unit After Bankruptcy Declared in US
Bankman-Fried and FTX co-founder Gary Wang made "unauthorized" transfers at the direction of the Bahamian government while "effectively in the custody of Bahamas authorities," according to the filing.