Bitcoin News

Story: Cypher Tank Launches Bigger Competition in Lugano with $300,000 for Bitcoin Innovators

By Sakamoto Nashi

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Format, Phases, and Prize Money. The competition structure consists of four phases. Applications opened on August 13 and close on…

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Paolo Ardoino and Adam Back Among Season 1 Judges. The first season featured a strong panel of judges. Paolo Ardoino, CEO of Tether, was there.

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Lugano is gearing up again. The Cypher Tank competition is now accepting applications for 2026, and this edition is bigger than the last.

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The first season, launched in 2025, attracted over 4,000 participants from 64 countries. This number speaks volumes about the global appetite for this format—a mix between Shark…

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Twelve finalists this year, compared to eleven last year.

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The competition structure consists of four phases. Applications opened on August 13 and close on September 25. After that, finalists are notified starting September 30.

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The three-day program begins with a coaching day. No pitching on the first day—finalists work with experts to refine their presentation skills, how to answer tough questions, and…

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Three prizes of $100,000 each. One for incubation. One for acceleration. One for relocation.

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As for distribution, the twelve finalists are divided into eight for-profit projects and four non-profit ones.

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Also read: Bitcoin ETFs See Six Green Sessions, Raking in $2.26 Billion

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The first edition offered over $850,000 in total prizes. And the preceding Plan ₿ Forum broke records: over 4,000 in-person participants, 800,000 online viewers.

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More context: Bitcoin ETFs Surge with $2.26 Billion in Inflows Over Six Consecutive Sessions

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For 2026, episodes recorded during the October finals will be post-produced until the end of the year. Online broadcast is scheduled for January 2027.

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Three criteria to be selected as a finalist. First: alignment with specific values—individual freedom, privacy, decentralization, resilience.

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No details in the source on the names of the honey badgers for 2026. Probably announced later, perhaps around the application closing at the end of September.

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