CryptoMarketsWiki page of the day

Jihan Wu wrote in a coded letter posted to Twitter that he is stepping down as the CEO of Bitmain, the culmination of a yearlong internal power struggle within the company that he co-founded.

Nasdaq-traded Marathon Patent, which last month became the largest customer of Bitmain, the world’s largest supplier of bitcoin miners, announced it has bought $150 million worth of bitcoin. The company says that the purchase makes its stock more of a bitcoin “pure play.”

Despite the collapse last week of the 40% premium its bitcoin trust enjoyed, Grayscale is donating $2 million to DC lobbyist Coin Center and considering launching five new cryptocurrency funds. 

Cryptocurrency trading platform Kraken is mixing things up, adding 13 new coins each for Australian dollar and British pound customers today and delisting Ripple (XRP) for U.S. traders at the end of the month. 

Bitcoin.org released a public statement rejecting a copyright claim made by Craig Wright, who demanded the website take down its copy of bitcoin’s original whitepaper.

Binance removed 3.6 million BNB tokens – about $165.8 million worth – from circulation, making it the largest-ever token burn to date.

Galaxy Digital announced that it is not only offering bitcoin miners financial services in its new Galaxy Digital Mining unit but also competing with them by mining bitcoin itself. 

Stablecoin issuer Tether is back in a New York court today as it defends against claims that it helped Bitfinex cover up an $850 million loss.  In the meantime, market demand led to creation of $2 billion Tether last week.

Gemini, the cryptocurrency exchange created by the Winklevoss Twins, will launch a credit card offering rewards in bitcoin and other digital assets after acquiring fintech startup Blockrize.

BitGo has hired Jeff Horowitz, the former chief compliance officer of Coinbase, as its new chief compliance officer.

PayPal, which just started handling cryptocurrency transactions in October, had a record $242 million in sales yesterday, according to Nomics, an online data aggregator.

Bakkt, Intercontinental Exchange’s bitcoin warehouse and loyalty points platform, is to merge with a special purpose acquisition company that trades on Nasdaq. Bakkt is the delivery location for ICE’s bitcoin futures. 

Bithumb is reportedly preparing to be bought by South Korean gaming company Nexon – which previously bought cryptocurrency exchange Bitstamp – for $460 million.