Greetings Bitcoiner,

Welcome to issue #106 of the Bitcoin Breakdown, where we are stoked to be among the first lucky Proton users to receive exclusive early access to the new Bitcoin-only Proton Wallet!

It's still in Early Access, and only a limited number of people can use it. However, we have three invites left that we’d love to share with you. Simply reply to this email with your primary Proton email, and we’ll select three lucky respondents to receive the invites.

If you're not using Proton yet, you can sign up here.

Happy readings! 👽️

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⚡️ QUICK BITS

• Bisq, a peer-to-peer decentralized Bitcoin exchange, enhances user experience by introducing Lightning Network support.

• Fountain, a value-for-value podcasting platform that uses the Lightning Network, is now also a Nostr client.

• US Federal regulators redefine 'money' to integrate crypto into financial reporting rules.

• Coin Center challenges US Treasury and IRS over controversial tax reporting amendment, claiming it infringes on constitutional rights.

• Banca Sella, Italy’s second-oldest bank, to offer bitcoin trading to over 1.3M Customers.

• Dubai officially approves bitcoin and crypto payments for salaries.

• Donald Trump's latest transition team appointments feature Bitcoin advocates.

• US Democratic Party omits Bitcoin from its 2024 platform.

• Marathon Digital engages with Democratic National Committee Chair Jamie Harrison to discuss issues related to the crypto industry.

• El Salvador to provide Bitcoin instruction and certification to 80,000 civil servants.

• Kandji, a company that provides cloud-based Apple device management software, discover a malware called TodoSwift that targets macOS users by masquerading as a Bitcoin PDF app to deliver malicious payloads.

• South Korea's National Pension Service invests $34M in MicroStrategy shares.

• NYSE withdraws its proposal for Bitcoin ETF options amid ongoing SEC review.

• Bitdeer announces the pricing of a $150M convertible notes offering to fund datacenter expansion and ASIC mining rig development.

• Bank of Ghana introduces draft guidelines for digital assets, inviting public feedback to regulate cryptocurrency exchanges.

• Greenidge files a lawsuit against the New York Department of Environmental Conservation to prevent the agency from shutting down its bitcoin mining operations next month.

• OpenSats, announces long-term support for Vitor Pamplona, creator of Amethyst.

• Malaysian police crack down on Bitcoin mining operations, arresting seven people and destroying 985 mining rigs to combat electricity theft.

• Bitcoin Dev Kit Foundation announces new full-time grantees.

• F.R.E.E. Madeira, a grassroots initiative for Bitcoin adoption, reaches milestone of onboarding over 100 local merchants to Bitcoin.

• Metaplanet’s Bitcoin holdings now worth $23M after latest purchase of 57 BTC.

• UK National Crime Agency's risk assessment report finds that ‘cryptoassets are increasingly used to launder non-digital proceeds of crime’.

• Btrust announces recipients of their starter grants and the open-source cohort members for the third quarter.

• IMF proposes significant energy tax hikes on crypto and AI data centers.

• ZachXBT, an on-chain sleuth who tracks malicious, uncovers a network of 21 North Korean crypto developers allegedly earning $500,000 monthly through fraudulent activities.

• Chainalysis reports that illicit crypto activity declines 20%, yet stolen funds and ransomware continue to rise in 2024.

• Vanguard, the second-largest ETF provider globally, is sticking to its decision to remain uninvolved in the crypto ETF market.

POLL

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🎥 QUICK MEDIA

• Malaysian authorities destroy $450k worth of equipment publicly with a steamroller (Aug 20 | 0:22 min watch).

• Area Bitcoin publishes a video in which they list 5 dumb things they think one should never do with their Bitcoin (Aug 19 | 11:00 min watch).

• Michael Saylor says that he plans to leave his assets to a public charity dedicated to supporting and promoting Bitcoin when he passes away (Aug 20 | 0:27 min watch).

• CashApp reveals a new section in their app dedicated to Bitcoin education (Aug 20 | 0:46 min watch).

• Bill Miller IV explains how Bitcoin is the new global denominator for capital (Aug 20 | 01:15 min watch).

• Lyn Alden explains why halting the unstoppable train of financial restructuring requires a significant overhaul of the financial system and the value of the dollar (Aug 20 | 05:45 min watch).

• Jack Mallers explains how the market is rotating out of the dollar and into assets that can protect purchasing power in terms of energy (Aug 20 | 02:21 min watch).

• BTCPay Server celebrates 7 years since its inception with a video (Aug 17 | 0:57 min watch).

• Coinos posts clip of a gas station in Canada that starts accepting bitcoin, becoming the first ever in the country to do so (Aug 16 | 0:57 min watch).

• Unchained publishes video explaining how to secure Bitcoin with friends and family using their new Connections feature (Aug 16 | 07:36 min watch).

• Aaron Van Wirdum delves deep into the ideological battle between Friedrich Hayek and John Maynard Keynes who were two intellectual giants whose economic theories shaped the 20th century (Aug 16 | 13:22 min watch).

💥MEME BREAK

AFFILIATES & REFERRALS

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• Start9 empowers you to run your own Bitcoin node while also joining the sovereign computing paradigm, where concerns over privacy, censorship, hacks, and fees practically disappear—get a 5% discount by using the code: BITCOINBREAKDOWN.

Thank you for reading!

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Until our next transmission,

Naiw

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