Posts published on May 18, 2023 go to media archive 2/4

FTX Executives Sue Co-Founders Amidst Failed FTX Stocks Project

Court documents filed on May 17, 2023, reveal that current executives overseeing FTX and its subsidiary, Alameda Research, have initiated a lawsuit against Sam Bankman-Fried, the former CEO of FTX, Nishad Singh, FTX’s former director of…

BitMEX To Send Physical Bitcoin To The Moon In Partnership With Astrobiotic Technology And Bitcoin Magazine

BitMEX, a leading bitcoin derivatives exchange, has announced that it will be sending the first physical bitcoin to the Moon in partnership with Astrobotic Technology Inc. and Bitcoin Magazine. The rocket carrying a physical Bitcoin wallet is…

Elizabeth Warren’s Bill Won’t Stop Money Laundering, but It Could Ban Crypto

The Digital Asset Anti-Money Laundering Act that Senators Elizabeth Warren and Roger Marshall are pushing through Congress is the legislative equivalent of a Trojan Horse, writes John Rizzo. It would effectively ban crypto in the guise of fighting…

US Bitcoin Corp Secures Hosting Agreements for 150,000 Bitcoin Miners

On Thursday, the bitcoin mining company U.S. Bitcoin Corp revealed the firm has successfully secured hosting agreements with five different companies to install 150,000 application-specific integrated circuit (ASIC) bitcoin miners. The bitcoin…

Lava Introduces Self-Custody Wallet And Bitcoin DeFi Platform At Bitcoin 2023

Lava, a financial technology company, has unveiled a new self-custody wallet and decentralized finance (DeFi) platform on Bitcoin. Utilizing Lava's loan protocol, users can borrow stablecoins against native bitcoin, eliminating the risks associated…

U.S. Hearing Highlights Stablecoin Rift in Competing House Bills

U.S. lawmakers aren’t yet able to reach across the chasm between Republicans and Democrats’ very different ideas for how to oversee stablecoins, despite notes of hope from both sides evident in a Thursday hearing of the House Financial Services…

Cash App, Lighting Labs, Lightspark Executives Discuss Bringing Bitcoin Payments To The World

In a panel discussion at the Bitcoin 2023 conference moderated by CNBC technology reporter MacKenzie Sigalos, leaders from some of the biggest businesses building services based on the Lightning Network discussed the opportunities and challenges…