Bitcoin Exchange itBit Adds NSA Codebreaker and Technology Veteran to its Board of Directors
itBit, a bitcoin exchange that leverages block chain technology with traditional capital infrastructure, named two financial technology veterans to its board of directors: Jim Manzi and Ed Giorgio. Manzi is former chairman and CEO at Lotus Development Corp.,while Giorgio is a National Security Agency (NSA) veteran and co-founder of Ponte Technologies. "Jim and Ed are important additions for itBit, which will benefit from their extensive expertise developing products and growing companies in the technology sector," said Chad Cascarilla, itBit's CEO and co-founder. Jim brings over 20 years....
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A 30-year-veteran of the US National Security Agency (NSA) has joined the board of advisors at New York-based bitcoin exchange itBit. With the announcement, Ed Giorgio joins a board of advisors that includes Josh Rosner, managing director at research firm Graham Fisher & Co. Kang Global Investors managing partner Richard Kang; and Aitken Advisors founder James Aitken. In addition to Giorgio, itBit also appointed Jim Manzi, former CEO of Lotus Development Corporation, to its board of directors. The software industry veteran joins former FDIC chairman Sheila Bair; former US Senator Bill....
New York bitcoin exchange itBit has closed $25m in Series A fundraising. The round drew support from a pool of new and existing sources including RRE Ventures, Liberty City Ventures and investor Jay W Jordan II. Raptor Capital Management chairman James Pallotta also participated in the round. ItBit further confirmed the addition of three new members to its board of directors: former Federal Deposit Insurance Corporation chairperson Sheila Bair; former New Jersey Senator Bill Bradley; and former Financial Accounting Standards Board (FASB) chairman Robert Herz. The three directors had....
A series of recent departures at itBit have left the company looking much different than it did just a few months ago. Following the release of itBit's enterprise clearing and settlement network Bankchain last year, three directors (and at least three other employees) have gone on to other endeavors. The exits appear to come amid a larger company transformation from bitcoin-only exchange to enterprise blockchain service provider. Multiple former employees have confirmed with CoinDesk that at least seven itBit employees have transitioned to other companies in that time. Only six have....
Today, international bitcoin exchange itBit announced it had been granted a trust charter by the New York Department of Financial Services (NYFDS) under New York State banking law. This is the first such charter granted to a digital currency company by the NYDFS. ItBit also announced the successful completion of a $25 million Series A funding round and the expansion of their board of directors. Under the charter granted to itBit by the NYFDS, itBit is now able to accept customers from all 50 U. S. states in full compliance with state and federal law. "We have sought to move quickly but....
Per a Form 8-K filed with the U.S. Security and Exchange Commission (SEC), software company MicroStrategy (MSTR) will pay its board of directors in Bitcoin. The decision was taken on April 11, 2021, and it’s applicable to all non-employee directors. As the document says the executives will receive all fees for their service to MicroStrategy […]