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Bitcoin hashrate futures go live on FTX exchange, for miners to hedge their risks

Bitcoin hashrate futures go live on FTX exchange, for miners to hedge their risks

Crypto derivatives exchange FTX has become the first notable platform to launch bitcoin hashrate futures. These products help miners to hedge against bitcoin’s mining difficulty adjustments. FTX’s bitcoin hashrate futures settle to the average bitcoin mining difficulty over a period of time, meaning they roughly represent the total hashrate being used to mine bitcoins. “It’s …

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Crypto exchange ShapeShift acquires non-custodial crypto wallet Portis

Crypto exchange ShapeShift acquires non-custodial crypto wallet Portis

Crypto exchange ShapeShift has acquired non-custodial crypto wallet provider Portis for an undisclosed sum. Israeli media outlet Globes reported the news on Tuesday, saying that Portis will open a new office in Tel Aviv, which will be operated by ShapeShift. Upon the deal completion, Portis’s four employees will shift to the new office, per the …

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Hacker Exploits Flaw in Decentralized Bitcoin Exchange Bisq to Steal $250K

Hacker Exploits Flaw in Decentralized Bitcoin Exchange Bisq to Steal $250K

Decentralized exchange (DEX) Bisq rang the alarm bells last night after a hacker exploited a significant software flaw to steal more than $250,000 worth of cryptocurrency from users. Bisq, which allows users to exchange crypto anonymously, abruptly disabled trading late Tuesday night after it uncovered “a critical security vulnerability.” At the time, the exchange did …

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Crypto exchange Kraken taps Marco Santori as chief legal officer

Crypto exchange Kraken taps Marco Santori as chief legal officer

Kraken, the cryptocurrency exchange company, has hired veteran industry lawyer Marco Santori as its chief legal officer. The exchange firm said Monday that Santori “will use his experience with regulators, banks, payment service providers, broker-dealers, and several other key industry players to drive the next phase of Kraken’s growth.”  Santori previously served as Blockchain.com’s president and …

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