• The Plan ₿ foundation in Lugano, Switzerland recently announced a new map showcasing hundreds of merchants across the city that accept bitcoin. • The city made bitcoin a de-facto legal tender and hosted the Plan ₿ Summer School in July 2022 to educate people on bitcoin and businesses. • The Plan ₿ foundation also … Read more
• Satoshi Nakamoto created the first block in the Bitcoin blockchain on January 3, 2009, the day a newspaper cover was published warning of a proposed second bank bailout. • This event kickstarted an entire movement, and the engraving in the Genesis block served as a manifesto for a system based on sound money, restoring … Read more
• BlockFi and Celsius were two high-profile companies that combined crypto lending and crypto mining. • Both companies have since gone bankrupt, and hundreds of billions of dollars were incinerated. • The failure of these companies could provide valuable lessons for future entrepreneurs. Crypto is a rapidly growing industry and has become a major part … Read more
• Two high-profile crypto lending companies, BlockFi and Celsius, both failed catastrophically in 2022 due to their combination of crypto lending and crypto mining. • BlockFi announced its new mining operations in May 2021 in the form of a partnership with Blockstream and its long-standing mining unit. • Celsius invested heavily in bitcoin mining, with … Read more
• On Jan 3, 2009, Satoshi Nakamoto created the first block in the Bitcoin blockchain, kickstarting a movement that has been alive for 14 years. • Engraved in the Genesis block was the message “Chancellor on brink of the second bailout for banks”, setting the manifesto for the system being ignited. • Bitcoin seeks to … Read more
• Samson Mow, the CEO of JAN3 and former CSO of Blockstream, spoke at Feel The Bit in El Salvador and announced the Bitcoin Volcano Bonds. • President Bukele announced the creation of Bitcoin City and legally recognizing bitcoin as tender, effectively accelerating the timeline for bitcoin becoming a recognized currency on a national level. … Read more
Bullet Points: • The U.S. Senate recently introduced the Digital Asset Anti-Money Laundering Act of 2022, which includes KYC laws and money-transmitter licensing requirements. • The European Central Bank recently revealed that Bitcoin is on an “artificially induced last gasp before the road to irrelevance” and is considering a Bitcoin and crypto ban to mitigate … Read more
• Bitcoin miners play a crucial role in securing the Bitcoin network by proposing blocks of transactions which nodes then verify, accept, and update to the Bitcoin ledger. • The concern is that the transaction fee portion of the miner rewards will not be raised enough to make up for the loss of the block … Read more
• In December 2022, software analytics company MicroStrategy sold 704 bitcoin to generate a net tax benefit and offset previous capital gains. • Two days later, MicroStrategy bought back 810 bitcoin, at a higher price than the sale. • MicroStrategy now holds 132,500 BTC, acquired for about $4.03 billion at an average price of $30,397 … Read more
• Channel jamming is a threat to the Lightning Network, which presents an open mechanism to attack nodes on the network. • Last month, Lightning developer Antoine Riard proposed a formal specification to solve this problem. • The proposed solution involves a form of anonymized credentials, which nodes can use to build a sort of … Read more