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Silvergate is the second-largest bank in the US that deals with cryptocurrency companies, ranking only after Signature. It acts as a crucial link between the crypto world and traditional fiat currencies. Recently, Silvergate has decided that the best course of action, given the regulatory changes in the industry, is to gradually wind down its operations and voluntarily liquidate. The closure plan guarantees full repayment of all deposits. In early March, Silvergate had already announced that it would discontinue the Silvergate Exchange Network (SEN). Several crypto exchanges have already confirmed that they have not been affected by their association with Silvergate and that their clients' funds are safe.

Ameen Soleimani, one of the first contributors to the scandalous Tornado Cash crypto mixer, has announced the launch of a new mixing service called Primacy Pools, which is based on the TC code. Now, every hacker and criminal will have a chance to demonstrate that they are not engaging in any malicious activity (but not for sure). What is clear is that honest users will be able to prove that they have not committed fraud and are therefore legitimately using the privacy-enhancing service. Predictably, the new service uses zero-knowledge proof, which is the main trend of 2023. It is a protocol that confirms information without disclosing it. Your move, SEC!

Payouts will begin on March 10 and will be made in both BTC and fiat. As of now, the applicants will receive about a fifth of the claim amount. For 2019, the exchange balance was 142 thousand BTC ($3.3 billion), 143 thousand BCH ($19 million) and $510 million in Japanese yen. It must be said that the situation with Mt.Gox was so hopeless that many investors perceived the receipt of their coins as a gift from the gods. In addition, bitcoins were lost at a completely different price. Adam Beck, CEO of lending company Blockstream, says: “I pretty much wrote off the bitcoins I had on Mt.Gox as a loss. So philosophically, whatever I get now is a cold storage bonus.”

A bitcoin mining operation powered entirely by "green" nuclear energy has just launched in Pennsylvania. TeraWulf has announced that it will be using the Susquehanna nuclear power station to mine BTC. The key details about the project: Nuclear power station capacity – 2.5 GW. Fixed cost of electricity – $0.02 per kWh for five years. Planned load – 50,000 mining rigs, 160 MW. Actual load at present – 8,000 mining rigs. Computing power – 5.5 EH/s. With such a low electricity rate, this project promises to be highly profitable even in a bear market. Indeed, it's a far cry from mining BTC in a school's crawlspace!