Greetings Bitcoiner,

Welcome to issue #108 of the Bitcoin Breakdown, where we are excited to see Geyser’s new redesign and encouraging you to upvote their launch on Product Hunt here.

📢 This would be your last chance to join our exclusive Bitcoin-only community as a founding member here.

Happy readings! 👽️

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⚡️ QUICK BITS

• Binance admits to seizing Palestinian assets at the request of Israeli authorities.

• Solo miner mines a block worth 3.275 BTC.

• Trump’s new crypto business, World Liberty Financial, apparently offers ‘high-yield’ investments on a DeFi platform, urging users to ‘join the financial revolution today.’

• European Securities and Markets Authority proposes stringent disclosure regulations for bitcoin mining, targeting operations with over 17 rigs and discouraging future commercial bitcoin mining.

• Zaprite launches new Point-of-Sale feature to simplify bitcoin payments in-person, supporting seamless transactions on mobile devices with customizable branding and wallet integration.

• Geyser launches major UX update with email notifications, enhanced project pages, and improved platform navigation to boost user engagement and community interaction.

• Arthur Hayes, BitMEX co-founder, suggests Fed rate cuts would propel Bitcoin prices to potentially $100,000.

• OpenSats announces support for the Tor Project to enhance online privacy, promoting internet freedom and security for users worldwide.

• Mi Primer Bitcoin, Salvadoran Educational non-profit, risks running out of funds in September.

• Peter McCormack announces end of his show, What Bitcoin Did.

• NCR Atleos launches a new cashout feature enabling users to sell bitcoin for cash at thousands of ATMs across the U.S.

• Simply Bitcoin has their channel on YouTube banned by the platform and reinstated again.

• China recognizes virtual asset transactions in revised AML laws.

• Gryphon Digital Mining enhances its competitive edge by acquiring a low-energy-cost bitcoin mining operation in Louisiana at $0.01 per kWh.

• Spiral renews grant of LNDK contributor and BOLT12 developer Alyssa Hertig.

• El Salvador’s Bitcoin holdings grow by 162 BTC with daily buys.

• Robert F. Kennedy Jr, a pro-Bitcoin US presidential candidate, suspends campaign and endorses Trump.

• Thailand authorities conduct raid on illegal bitcoin mining operation, addressing power outages caused by unreported electricity consumption in Ratchaburi region.

• Trump's push for 'Made in USA' bitcoin mining challenges China's Bitmain dominance as US rivals capitalize on geopolitical tensions.

• Semler Scientific buys an additional $5M worth of bitcoin.

• Russia will start trials of crypto exchanges and the use of digital tokens for cross-border transactions to help ease the impact of international sanctions.

• Rhodium, a Bitcoin mining company, files for bankruptcy in Texas court.

• Xapo to Launch $200M Bitcoin Hedge Fund with Hilbert Capital.

• Quantum computing advancements promise to make ASIC miners obsolete, enhancing bitcoin mining efficiency and sparking the need for quantum-proof cryptography.

• Nasdaq seeks SEC approval for Bitcoin index options.

• Henley & Partners reports a surge in Bitcoin millionaires, highlighting a 111% increase as prices soar amidst growing institutional investment.

• Willy Woo highlights that Bitcoin needs just 1% of global wealth assets, equating to $5T, to reach a $1M price.

• Google issues urgent warning regarding a critical vulnerability in Chrome which could allow attackers to execute arbitrary code remotely.

• Banshee Stealer, a new macOS malware, targets both Intel and M1 devices, stealing crypto wallets, passwords, and system info for $3,000 per month.

POLL

OTHER NEWSLETTERS TO CHECK OUT*

*You can find more here.

🎥 QUICK MEDIA

• David Marcus of Lightspark provides a sneak peak at new feature that enables Bitcoin to US Dollar settlements to US bank accounts in near real time over the LN (Aug 27 | 0:44 min watch).

• Walker and Carla explain what Nostr is in 49 seconds (Aug 25 | 0:49 min watch).

• Ark Labs provides a sneak peak at Ark Node, their flagship wallet daemon designed for fast, low-cost Bitcoin transactions (Aug 23 | 0:45 min watch).

• Blitz demonstrates how you can now zap people on nostr instantly and not wait to open a channel (Aug 23 | 0:54 min watch).

• Alex Gleason delivers an excellent keynote at Nostriga 2024 on how to bootstrap communities on the actual global town square, Nostr (Aug 25 | 22:49 min watch).

• Fountain releases video demonstrating how their Nostr integration works (Aug 21 | 0:52 min watch).

• Matthew Krater of Bitcoin University discusses the recent troubling developments in Ethereum, including the revelation that the Ethereum Foundation now needs to sell about $100M worth of ETH every year in order to pay salaries and grants (Aug 28 | 10:10 min watch).

• Hannah Rosenberg of Lightning Labs delivers a talk about taproot assets at the recent Bitcoin conference in Nashville (Aug 28 | 23:19 min watch).

• Brandon Black of Swan Bitcoin delivers a talk about covenants on Bitcoin (Aug 28 | 17:42 min watch).

• Isabella Santos explores how KYC is doing more harm than good (Aug 27 | 8:37 min watch).

• Robert Breedlove and Bitcoin Mechanic discuss the difference between Bitcoin and sh!tcoins (Aug 29 | 14:59 min watch).

💥MEME BREAK

AFFILIATES & REFERRALS

• Bringin offers a secure platform for buying, selling, and converting Bitcoin to Euros, with direct transfers to bank accounts or virtual debit cards, featuring unique off-ramping options and preventing account freezes with dedicated IBANs for each user.

• Blockstream Jade is the best hardware wallet for you to take self-custody with—enjoy a 10% discount off of with code: BITCOINBREAKDOWN.

• 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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