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This Week's ⚡ Quick Bits & 🎥 Quick Media Digest (#128)

This Week's ⚡ Quick Bits & 🎥 Quick Media Digest (#128)

Read issue 128 of the Bitcoin-only newsletter with the highest signal-to-noise ratio in the space.

Naiw
November 10, 2024 • Estimated Reading Time: 20 minutes

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Greetings Bitcoiner,

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⚡️ QUICK BITS

Bitcoin developers discover a breakthrough method to implement Bitcoin covenants without a soft fork, enabling enhanced scalability, privacy, and DeFi capabilities.
Leak reveals BlackRock is quietly doubling down on Bitcoin as its price surges toward $100,000.
MicroStrategy's stock surge 20% following Trump's reelection and US interest rate cuts.
Senator Cynthia Lummis reiterates her call for a strategic bitcoin reserve after Trump’s reelection, a proposal she initially introduced at the Bitcoin 2024 Conference in July.
Jason Lowery urges the US to treat Bitcoin as a strategic asset beyond finance, emphasizing its potential for ‘cyber sovereignty’, and recommending a government-backed ‘US Hash Force’.
Trump's Bitcoin aide also urges the US to swiftly establish a strategic bitcoin reserve, fearing other nations might preempt this move.
Trump’s cabinet appointees likely to be less hostile toward bitcoin, according to early reports.
El Salvador's Bitcoin investment yields $100M increase in just 24 hours, due to a strategic daily purchasing strategy initiated in late 2022.
El Salvador's President discusses Bitcoin strategy and Trump’s near-death experience in congratulating call.
Republican-led Senate poised to pass clearer and pro-Bitcoin and crypto regulations, signaling a shift toward industry-friendly policies in the US.
Stablecoin inflows to exchanges surge, potentially signaling a Bitcoin rally.
BlackRock's bitcoin ETF surpasses its gold ETF in net assets just months after debut.
BlackRock's spot bitcoin ETF hits record $4B trading volume on US election day.
New study reveals bitcoin mining bans may inadvertently increase global carbon emissions by driving miners to fossil fuel-dependent regions.
Microsoft faces a potential shareholder lawsuit for neglecting Bitcoin investment if its value continues to rise.
Deutsche Telekom, Europe's largest telecommunications provider, explores Bitcoin mining as a solution to balance Germany’s renewable energy grid.
Mining difficulty surpasses 100T for the first time, creating added pressure on small miners amid record-high hashrate.
Bitcoin surpasses Meta to claim the 9th spot in total market capitalization.
Detroit to allow tax payments in Bitcoin and crypto by 2025, aiming to modernize city services.
Google searches for Bitcoin spike after Trump’s election victory signalling increasing retail investor interest.

PlanB predicts Bitcoin will surpass $250,000 in the next four years, citing his stock-to-flow model, US election results and further Bitcoin ETF growth.
Cartwright, a British pension firm, guides the first UK pension fund to invest 3% of its assets in bitcoin, launching a new employee benefits scheme.
Marathon and Riot achieve their highest monthly BTC production since the April halving, driven by increased hashrates and higher transaction fees.
Bernstein analysts predict a shift in Bitcoin and crypto regulation under Trump's presidency, forecasting Bitcoin's rise to $90,000 by year-end and $200,000 by 2025.
New York real estate agent gets back access to locked BTC worth $3M thanks to his initial use of an insecure password generator.
Norway’s Central Bank endorses MiCA regulation and considers a CBDC for ‘financial stability’.
Blockstream launches a new research center in Lugano to accelerate development of Liquid and Lightning networks, offering CHF 10,000 sponsorships for innovative projects.
Bitcoin art exhibition in Barcelona sells 70% of its 300 pieces, drawing thousands with a growing global intrigue in BTC.
Senator Sherrod Brown, a longtime occupant of Washington and one of the most aggressive opponents of Bitcoin, loses his Senate seat.
Roman Sterlingov, alleged operator of the Bitcoin Fog mixing service, sentenced to 12.5 years in prison.
ETH-to-BTC market cap ratio falls to 24.52%, its lowest level since April 2021.
Polymarket predicts Trump is more likely to pardon Jan. 6 protestors than Silk Road founder.
CEO of Toronto crypto firm WonderFi kidnapped and held for a $1M ransom before being released unharmed.
Two Bitcoin whales buy $142M in BTC after Trump’s re-election.
Bitcoin's sentiment hits extreme greed with a Fear & Greed Index score of 77 as it reaches new ATHs.
Tether expands its operations by financing a $45M Middle Eastern crude oil deal, aiming to become a player in the $10T global trade finance industry.
South Korean bitcoin mining scam foiled by detective, leading to 81 arrests.
Craig Wright faces contempt of court charges in the UK for violating a court injunction by repeatedly suing Bitcoin core developers.
COPA accuses Craig Wright of using ChatGPT to generate fake Bitcoin code and fabricated links in his amended court appeal.
Colorado law enforcement warns residents about Bitcoin jury duty scam after Keystone resident loses thousands of dollars to scammers.
Sangha Renewables transforms wasted energy from green power producers into bitcoin profits and aims to build a global electricity price index through mining.
Mt. Gox moves $2.2B in BTC to unmarked wallets, sparking speculation on future creditor repayments and exchange actions.
Cathedra Bitcoin completes its 60-megawatt North Dakota data center, expanding its bitcoin mining capacity across six US locations.
Kraken completes its 2024 Proof of Reserves, confirming over $21.5B in client assets backed by on-chain Bitcoin and crypto.
Semler Scientific, a US healthcare firm, buys 47 additional BTC, taking total holdings to 1,058 BTC.
The Bitcoin Mailing List’s archives get erased from Linux Foundation as developers transition to Google Groups for continued communication.
Hut 8 forecasts 66% hashrate increase with purchase of 31,145 Bitcoin miners, which means an increase in hashrate to 9.3 EH/s by 2025.
Jack Dorsey’s Block reports it will increase focus on bitcoin mining operations and Bitkey hardware wallet while shutting down its division focused on decentralized web applications.
Time Magazine names the Bitkey hardware wallet one of the 200 best inventions of 2024.

OTHER NEWSLETTERS TO CHECK OUT:*

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Tim Ferriss's 5-Bullet Friday offers an exclusive weekly email with the five coolest books, gadgets, hacks, and more he's been loving and exploring.
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*You can find more here.

🎥 QUICK MEDIA

Tomer Strolight shares a psychedelic ‘Ode to Nodes’ video by Zazawowow with voiceovers from a discussion of his articles on Bitcoin as a lifelike entity (Nov 9 | 3:23 min watch).
Jameson Lopp, co-founder and CSO of Casa, explores the risks posed by quantum computing in his keynote, 'Safeguarding Satoshi’s Stash,' at the Future of Bitcoin conference (Oct 21 | 29:33 min watch).
BTCPay Server publishes a documentary titled ‘PAID IN BITCOIN’, capturing Bitcoin as a medium of exchange at the Bitcoin Conference 2024 in Nashville (Nov 5 | 58:31 min watch).
No More Inflation, a documentary exploring the cause of inflation through a collection of stories from various countries, releases its trailer (Oct 31 | 2:29 min watch).
Michael Saylor says that MicroStrategy will be 150% Bitcoin and that the only things he likes more than Bitcoin is more Bitcoin, when asked if he would ever consider ETH as an asset (Nov 6 | 1:02 min watch).
Jack Mallers, founder and CEO of Strike, explains why nobody is ever late to Bitcoin (Nov 6 | 1:57 min watch).
Tim Draper, an American venture capital investor, says El Salvador will be able to pay off the IMF and never have to talk to them again when Bitcoin hits $100K in an interview with Rachel Wolfson (Nov 2 | 0:50 min watch).
Kevin Hurley, CTO of Lightspark, speaking at Lightspark Sync 2024, introduces Spark, a new payments-focused, open-source Lightning-compatible Bitcoin L2 for stablecoins and self-custody wallets (Nov 4 | 24:56 min watch).
OKIN | Nikolai Tjongarero discusses the Sovereign Key—a USB device offering digital sovereignty by transforming any computer into a Bitcoin terminal, utilizing tools like Tails, Linux, Sparrow Wallet, pruned nodes and multi-signature accounts (Nov 6 | 56:20 min watch).