This Week in Bitcoin - Issue #6
News
$4.5B – After more than 6 years, $4.5B worth of bitcoin stolen from crypto-exchange Bitfinex was recovered by the US government in its largest asset seizure in history
Diem – Facebook’s cryptocurrency venture is winding down and selling its technology to crypto-focused bank Silvergate Capital for $200M
Diem – Jack Dorsey says Zuckerberg should have focused on bitcoin, not Diem
Cash App – Lightning Network is now available on Cash App. It’s the fastest, free way to pay anyone in bitcoin.
Chivo – El Salvador’s government contracted a U.S. software company to fix its buggy state-sponsored bitcoin wallet and implement the Lightning Network
Russia – Proposed regulation would treat bitcoin as a foreign currency
Lebanon – Lebanon is planning for its currency to be devalued by 93%, depositors will lose ~$50B
Shopify – CEO of Shopify, Tobias Lütke, joins Coinbase Board of Directors
Uber – CEO of Uber said, “Is Uber going to accept crypto in the future? Absolutely. At some point. This isn’t the right point, but we will.”
Everbowl – QSR with over 50 locations will now run its business operations off the Bitcoin Standard and is converting cash reserves to bitcoin
Fidelity – Bitcoin first: why investors need to consider bitcoin separately from other digital assets
Intel – Launched a new chip for blockchain applications such as bitcoin mining. Argo Blockchain, Block Inc., and GRIID Infrastructure are among the first customers
Funding
$385M – Compute North, a bitcoin mining company, has raised $385 million in equity and debt funding
$150M – Trust Machines, co-founded by Stacks, says it wants to extend bitcoin from being only a passive store of value to being the final settlement layer for a powerful new computational platform.
$20M – OpenNode, a bitcoin PSP, raised a $20M Series A from Twitter, Tim Draper, Fidelity, and others at a $220M valuation
21 BTC – Canadian truckers have raised $1M worth of bitcoin after GoFundMe froze millions in donations
Tweets of the Week
