FTX’s Bankman-Fried Is Allegedly Using Alameda Funds to Pay for Legal Defense

According to two sources close to FTX, Sam Bankman-Fried, the disgraced co-founder, gave his father, Stanford Law professor Joseph Bankman, millions of dollars. The funds are reportedly being used to pay for legal costs. The sources said that Bankman-Fried allegedly gave “at least $10 million” from the now-defunct quantitative trading firm Alameda Research to his … Read more

Bitcoin Exchange LocalBitcoins To Shut Down, Citing Market Conditions

According to an announcement on its website, the peer-to-peer Bitcoin platform will be shutting down before the end of February 2023. LocalBitcoins has announced that the exchange will be closed for service by the end of February. The long-time Bitcoin trading service was the first peer-to-peer (P2P) transaction platform for many Bitcoiners. Launched in June … Read more

LevelField Financial To Become First FDIC-Insured Bank to Offer Traditional Banking And Bitcoin Services

LevelField Financial is set to acquire Burling Bank in a move that would enable access to bitcoin for traditional banking customers. Once the acquisition is approved by regulatory authorities, LevelField Financial will be able to expand its services and products nationwide. The firm would offer customers a full suite of products and services, from traditional … Read more

Luxor Technologies Launches The First Bitcoin Mining ASIC Request-for-Quote Platform

Luxor has launched the first ever ASIC RFQ platform with the goal of maximized market transparency and access. Luxor Technologies, a full-stack Bitcoin mining software and services company, has launched the first request-for-quote (RFQ) platform for buying and selling Bitcoin mining hardware. The press release sent to Bitcoin Magazine describes what an RFQ platform is, … Read more

Strike Launches Instant, Cheap Remittances For The Philippines Using Bitcoin Lightning

Strike, the leading digital payment platform built on Bitcoin’s Lightning Network, has announced the expansion of its “Send Globally” product to the Philippines. This will allow for fast, secure and low-cost money transfers between the U.S. and the Philippines, which is one of the world’s largest remittance markets. The Philippines relies on more than $35 … Read more

ZEBEDEE And Stattrak Launch New Esports Fantasy Product With Bitcoin Rewards

ZEBEDEE, a leading fintech payment processor for the gaming industry, and Stattrak, the play-and-earn fantasy esports platform, announced the launch of a new product aimed at fans of esports worldwide. The product offers fans the ability to assemble their own fantasy teams in popular games like Counter Strike: Global Offensive, League of Legends, Valorant, Rainbow … Read more

POS Giant Clover Teams Up With Strike To Bring Bitcoin’s Lightning Network To Millions Of Merchants

Strike CEO Jack Mallers has taken to Twitter to announce that Strike is now an integrated partner with payments giant Fiserv, parent company of Clover. Subsequently, Strike has launched a pilot integration with Clover allowing merchants to accept bitcoin over the Lightning Network. According to his announcement, the integration is not limited to Strike. Instead, … Read more

BitPay Announces Partnership With MoonPay, Removes Bitcoin Trading Fees For Limited Time

BitPay and MoonPay, leading bitcoin and cryptocurrency payments infrastructure providers, have partnered “to provide BitPay users with significantly increased ways to buy cryptocurrency instantly, and at great rates.” “BitPay’s unique marketplace experience also presents multiple rates for buyers, ensuring they receive the best possible price for their cryptocurrency purchases,” the press release states. “Additional benefits … Read more