Grayscale Investments’ Ethereum Trust Filed With the SEC to Obtain Reporting Status

The digital currency asset manager Grayscale told investors on Thursday that the firm has publicly filed a Registration Statement on Form 10 with the Securities and Exchange Commission (SEC) for the company’s Ethereum Trust. The recent filing is voluntary and if the SEC approves the registration, the Ethereum Trust will be the second crypto asset investment vehicle to obtain the status of a reporting company by the SEC. Established in 2013 by Digital Currency Group, Grayscale Investments has been around for quite some time now. The firm manages a number…

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Bitmain Delays Delivery of Bitcoin Miners by Three Months, as Co-Founders Battle for Company Control

Bitmain has delayed shipments of its Antminer bitcoin mining machines by three months, as the tussle between co-founders, Jihan Wu and Micree Zhan Ketuan, for control of the company intensifies. According to a post on Bitmain’s official Wechat account, the Beijing-based bitcoin miner maker said customers whose orders were due for delivery in June and July will have to wait until September and October. The equipment is typically ordered three months prior to delivery. That means the postponed shipments may have been ordered around March, making this a costly six-month…

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Testimony From Craig Wright’s Ex-Wife Throws a Twist in the Billion Dollar Bitcoin Lawsuit

On June 30, a jury trial was scheduled for the notorious Kleiman v. Wright lawsuit on October 13. Now a recent filing from the plaintiffs notes that when Craig Wright’s ex-wife Lynn Wright recently testified, she revealed a number of interesting findings. Lawyers representing the Kleiman estate say her testimony brings the “infamous “Tulip Trust” into question and that it wasn’t a “‘blind trust’ as previously alleged.” In mid-July, news.Bitcoin.com reported on the deposition of Craig Wright’s current wife Ramona Watts and her understanding of how bitcoin private keys work.…

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Casa Launches In-Wallet Purchasing

Bitcoin custody solution provider Casa has announced today that it is offering in-wallet bitcoin purchases, allowing Casa App users to forgo exchanges when they add to their HODLings.  In a release shared with Bitcoin Magazine, Casa explained that users can make these purchases using Apple Pay or debit cards, which connect them to retail exchanges through a secure API provided by Wyre. Wyre offers similar services to other projects in the space, such as DropBit. Casa, which positions itself as a particularly security-conscious provider of private key management, noted that…

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Grandmas On Lightning

Is Bitcoin Too Hard To Understand? I’ve spent a huge part of the last three years explaining Bitcoin to general audiences and the most common form of resistance I encounter is: “Bitcoin is too complicated. The masses will never understand it.” It’s a fair argument. Bitcoin is complicated and if you want to reach a competent understanding of the big picture then, at a minimum, you’d better get ready to learn about peer-to-peer networks, cryptography and the history of money. It’s for this reason that I find it bizarre when…

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Bluehelix Global Expansion – Strategically Cooperates with Japanese Licensed Exchange Xtheta

“Japanese licensed exchange Xtheta officially announced that it has a strategic partnership with Bluehelix, the leading blockchain financial infrastructure technology service provider, which to provide Xtheta with the underlying blockchain financial technology services to accelerate Xtheta’s global market advancement.” — Not long ago, an industry news story raised concerns in the Japanese digital currency community. Back in April 2017, Japan‘s Financial Services Agency (FSA) enacted an amendment to the Asset Settlement Act to provide strong regulation of digital asset exchanges, which sets out the operating standards for exchanges, introduces the…

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$5.6 Million Double Spent: ETC Team Finally Acknowledges the 51% Attack on Network

The Ethereum Classic (ETC) blockchain network lost $5.6 million to one miner following a 51% attack initially thought to be a chain split. During the attack, the offending miner managed to double-spend 807,260 ETC ($5.6 million) after spending 17.5 BTC or $200,000 (at time of writing) to acquire the hash power for the attack. The ETC team initially issued a statement advising its clients to halt interactions with the network while corrective steps were taken. At the time, one of the developers at ETC, James Wo insisted the event “was…

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Celebrating The History And Spirit Of Bitcoin Independence Day

This article originally appeared in our Weekly Bits newsletter. If you want our news and analysis before anyone else, make sure you subscribe now! In my view, Bitcoin Independence Day is a holiday that says a lot about the BTC community. Its origins are highly technical and difficult to understand, the “independence” it celebrates refers to the developer community overcoming interests from industrialized miners and, ultimately, it’s a chance for Bitcoiners to reflect on the young history of the technology and engage in debate. To celebrate, Bitcoin Magazine hosted a day…

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Square’s Cash App Bitcoin Revenue Surges 600% to $875 Million in Q2, Profit Up 711%

Square Inc. has reported a significant bitcoin revenue increase in the second quarter. Its Cash App generated $875 million in revenue, a 600% increase from the previous year. In addition, Square’s bitcoin gross profit jumped 711%. Square Cash App’s Bitcoin Revenue Square released its performance report for Q2 2020 on Tuesday. The company’s net revenue, including bitcoin revenue, was $1.92 billion, an increase of 64% year over year. Its gross profit, including from its bitcoin business, rose 28% year over year to $597 million. Cash App, Square’s popular payment service,…

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OKCoin Awards Latest Developer Grant To Marco Falke

Cryptocurrency exchange OKCoin announced today that the latest contribution from its Open-Source Developer Grant is going to Marco Falke, who has served as a Bitcoin Core maintainer since 2016 and is one of the most active contributors to Bitcoin’s code. “Marco’s work … focuses on making development more efficient,” Elaine Song, a member of OKCoin’s business operations team who is involved with the grant program, told Bitcoin Magazine. “He is the most active contributor to the Bitcoin code since 2017. He is presently dedicated to the improvement of Bitcoin’s test…

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