Share this article
ItBit Adds NSA Veteran to Advisory Board
A 30-year-veteran of the US National Security Agency (NSA) has joined the board of advisors at New York-based bitcoin exchange itBit.
By Pete Rizzo
Updated Sep 11, 2021, 11:49 a.m. Published Aug 13, 2015, 4:49 p.m.
Make us preferred on Google
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.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
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 Bradley and Stonegate Capital's Jim Manzi in a move that expands the board to six members.
In statements, itBit CEO Chad Cascarilla suggested the appointments will add expertise in key areas as the exchange seeks to expand its foothold in New York and the US.
Cascarilla said:
"Ed’s expertise in cryptography and cybersecurity will help ensure that itBit’s bitcoin exchange and our next generation of blockchain-based products remain the safest and most secure in the industry.”
In May, itBit announced it had closed $25m in new fundraising, an announcement perhaps overshadowed by its acquisition of a New York banking charter that allows it to offer bitcoin exchange services in the state.
The move preceded an announcement by rival Gemini that it would pursue a similar path to the market and comes amid news that many of the current largest bitcoin exchanges don't plan to offer services in the US state, which is the third-largest by population.
NSA image via Shutterstock
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Silver nears $1 billion in volume on Hyperliquid as bitcoin remains frozen: Asia Morning Briefing
Silver perps have more volume on Hyperliquid than SOL or XRP.
What to know:
- Silver futures on the Hyperliquid crypto derivatives exchange have surged to become one of its most active markets, ranking just behind bitcoin and ether in trading volume.
- The SILVER-USDC contract’s high volume, sizable open interest and slightly negative funding suggest traders are using crypto infrastructure for volatility and hedging in macro commodities rather than for directional crypto bets.
- Bitcoin is holding near $88,000 in a "defensive equilibrium" with cooling ETF inflows, uneven derivatives positioning and rising demand for downside protection, while ether lags and capital rotates toward hard assets like gold and silver.
Top Stories
