SPEEDY EXIT: Overnight, co-founder Ketuan “Micree” Zhan was stripped of his director role at not only Beijing Bitmain Technology, but the cryptocurrency miner maker's parent entity, BitMain Technologies Holding Company, corporate records show. Wolfie Zhao investigates how it was done. Full story
BITCOIN MOVE: Industry veteran Jonathan Wilkins, a co-founder of bitcoin tech startup Blockstream, is joining up-and-coming bitcoin brokerage River Financial as chief security officer. River is a bitcoin-only financial institution for buying and selling the digital currency (emphatically not an exchange), currently in invite-only mode. Full story
MILITANT MONEY: A Palestinian militant group took millions of dollars-worth of bitcoin donations to finance its operations, according to a new report. Obtained by the Jerusalem Post, the report from the Israeli International Institute for Counter-Terrorism (ICT) found the military wing of the Popular Resistance Committees (PRC) had been sent 3,370 BTC from overseas as a means to fund operations both in and out of the Gaza Strip. Full story
BLOCKCHAIN BILL: The World Economic Forum’s Global Blockchain Council is creating a “Blockchain Bill of Rights,” with a document already co-designed by some of the foremost leaders in the space. The goal is to align private-sector leaders, policymakers and consumers in a fundamental vision of how users can and should be protected as blockchain technology develops. Full story
GOOD START: London Stock Exchange-listed bitcoin mining firm Argo Blockchain says it took 10 times more revenue in 2019 than in the previous year. For its first full year of operations, the company said it generated £8.5 million (just over $11 million) in revenue, compared with £760,000 ($985,720) in 2018. Full audited finances are due in April. Full story |