Bitcoin Mining Firm Hut 8 Appoints Jaime Leverton as CEO
Interim CEO Jimmy Vaiopoulos will return to his role as CFO. Source
Read More
Firm
Bitcoin adoption could reach 90% by 2030, investment firm founder claims
With the recent influx of mainstream financial players into the blockchain space, how long will it take for corporate allocation of Bitcoin to become the norm? Brian Estes, founder of investment firm Off The Chain Capital, thinks 10 years. "I think in 2029, 2030, when 90% of U.S. households and people in
Read More
Blockchain Firm Figment Raises $2.5M in Funding Round Led by Bonfire Ventures
Figment said the latest round will enable it to continue developing its blockchain staking, governance and developer tools. Source
Read More
Overstock’s Medici Ventures Invests $8M in Blockchain Firm Bitt
Medici Ventures has completed an $8 million equity purchase in Barbados-based Bitt, bringing it a controlling interest in the blockchain firm.Medici’s latest investment will help it chase market opportunities around the adoption of digital currencies in developing countries, the Overstock subsidiary said in an announcement Wednesday.“Bitt’s pioneering work in the
Read More
PayPal-Backed Blockchain Analytics Firm Hires Former US Treasury Adviser
Blockchain analytics firm TRM Labs has appointed former U.S. Treasury and Financial Crimes Enforcement Network (FinCEN) heavyweight Ari Redbord to help build the firm’s risk-based anti-money laundering (AML) programs for cryptocurrency and digital assets.Redbord joins TRM Labs as the company’s head of legal and government affairs. At Treasury, he served
Read More
New Firm Plans Largest Bitcoin Mining Firm in Russia
MineSpot, a company previously unknown in the crypto mining industry, said it is opening a 160-megawatt mining venue in the middle of Siberia that would be the largest mining farm in Russia.The venue is located near the Boguchany Dam in East Siberia, in the town of Kodinsk. It will occupy
Read MoreAbramoff-linked crypto firm says SEC has no case against it
The NAC Foundation has accused the United States Securities and Exchange Commission of misconduct in an ongoing case. According to court documents Oct. 20, Rowland Marcus Andrade and his company NAC Foundation asked a San Francisco federal judge to dismiss the SEC’s June lawsuit alleging that he and his associate Jack Abramoff defrauded
Read More
UK-Listed Firm Mode Putting 10% of Cash Reserves Into Bitcoin
Mode, a U.K.-listed company, has announced plans to make a "significant purchase" of bitcoin as part of its treasury investment strategy. Source
Read More
Russian Metal Giant’s Tokenization Firm Expands to America
Atomyze, a tokenization startup by Russian mining and smelting giant Nornickel, is setting up shop in Greenwich, Conn., to sell tokenized metals in the U.S.The company, whose legal name is Atomyze LLC, will become the second foothold for Nornickel’s tokenization ambitions. It will work in parallel another entity that will
Read More
A $10B Firm Makes Bitcoin Its Primary Treasury Asset
Stone Ridge Holdings Group announces $50 million in new funding for its digital asset subsidiary as well as significant BTC treasury holdings.Our main discussion: Stone Ridge Holdings Group discloses $114 million in bitcoin treasury assets. NLW digs into what Stone Ridge is, why it spun off New York Digital Investments
Read More