Summary: On this episode of the Unhashed Podcast, we are again joined by Mags, the loud librarian herself, to cover bcash delistings, microstrategy doubling down, Cryptopia's hacks (yes, that's plural), bull market company valuations, Nigeria's bitcoin ban, and the ins and outs of North America's first ETF launch. It gets a little gossipy at the end...we blame Mags for that. OKCoin is delisting bitcoin cash (BCH), a fork or 'œclone' of bitcoin, as well as its own fork, bitcoin sv (BSV), both as a way to protect neophyte clients who are trying to buy bitcoin and as a statement of principle. The exchange's higher-ups decided to scuttle the markets for either coin because they created confusion for new clients who joined OKCoin to buy bitcoin. On top of that, the routine lawsuits and legal threats from Bitcoin SV creator Craig Wright played a hand in the exchange decision to delist both BCH and BSV. MicroStrategy CEO Michael Saylor said Friday the firm had completed a $1.05 billion debt offering, a raise that will allow the business intelligence company to buy another $1 billion in bitcoin. The raise is part of MicroStrategy's dual business strategy of developing business intelligence software and also literally just buying as much bitcoin (BTC, -6.63%) as it possibly can. MicroStrategy already has 71,039 of the coins.'œMicroStrategy estimates that the net proceeds from the sale of the notes will be approximately $1.03 billion, after deducting the initial purchasers' discounts and commissions and estimated offering expenses payable by MicroStrategy,' the company said. The Cryptopia exchange has reportedly been hacked again, even as it is being liquidated following a previous breach that stole$15.5 million. According to a Stuff report Thursday, a creditor, U.S. firm Stakenet, has been told that about $45,000 in the XSN cryptocurrency had been transferred out of its cold wallet on Feb. 1. Unused since the first Cryptopia hack in January 2019, the wallet is reported to contain crypto assets worth US$1.97 million in total. Liquidator Grant Thornton New Zealand said it hadn't authorized the movement of funds and that it is investigating the incident, according to an email seen by Stuff. Stakenet had not lost funds in the 2019 hack and had been hoping to eventually receive all its assets back. 'œIf this unauthorized transaction has happened under Grant Thornton's watch then they need to explain to the users why they failed to secure ... [the] assets like they were supposed to do and how someone was able to access them,' the company told Stuff. The news comes soon after Grant Thornton finally started allowing former users of the exchange to enter claims to retrieve their assets. High-end bitcoin brokerage River Financial raised $17.3 million in a recent equity sale, according to documents filed with the U.S. Securities and Exchange Commission (SEC) Thursday. Form D filings reveal two-year-old River aims to raise nearly $500,000 in additional funding for a total of nearly $17.8 million. The firm reported 34 backers in its latest filing but none of them were known at press time. It was not immediately clear if the $17 million figure includes funds from the $5.7 million seed round River completed last July with backing from Castle Island Ventures, Slow Ventures and a slew of other VCs. Partners at those firms did not respond to multiple CoinDesk inquiries. Software job postings indicate River intends to build new services for its iOS app, and is considering taking steps to bolster account security and develop 'œnovel performance reporting features,' projects it offers as examples to prospective hires. River serves deep-pocketed bitcoin investors and has in the past insisted it manages a 'œbrokerage' service, not an exchange. It is seeking to refine that white-glove offering already available 32 U.S. states, as evidenced by the client operations analyst position. The first bitcoin exchange-traded fund (ETF) to receive
