This Week's ⚡️ Quick Bits & 🎥 Quick Media Digest (#96)

Read issue 96 of the Bitcoin-Only newsletter with the highest signal-to-noise ratio in the space.

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Greetings Bitcoiner,

Welcome to issue #96 of the Bitcoin Breakdown, where we envision a world where war is unaffordable due to our money's scarcity.

🔈️Apologies for this issue being so late; we’ve had some technical challenges.

Happy readings! 👽️

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⚡️ QUICK BITS

  • Stripe improves BTC payment accessibility by permitting Europeans to use both their credit and debit cards to purchase BTC.

  • Craig ‘Faketoshi’ Wright forced to embarrassingly announce on 𝕏, Slack and his website that he is a fraud.

  • Faketoshi also facing criminal charges of perjury and forgery in the COPA vs. Wright case.

  • Trump says JPMorgan CEO Jamie Dimon has ‘changed his tune a little bit' on Bitcoin and hints at considering him for US Treasury Secretary.

  • Trump charges $850k for roundtable seat at Bitcoin 2024 conference in Nashville.

  • Mark Cuban in a series of tweets explains why Trump becoming president is ultimately a ‘Bitcoin play’.

  • JD Vance, Trump's Vice President pick, is a pro-Bitcoin legislator and personally owns between $100,001 and $250,000 in bitcoin, held on Coinbase, as disclosed in his 2022 financial report.

  • Bitso, a leading Latin American exchange, partners with Lightspark to deliver faster, cheaper bitcoin transactions to ~8M users via the Lightning Network.

  • StarkWare verifies the first zero-knowledge proof on Bitcoin's Signet test network using its new Stwo Verifier, demonstrating the potential for smart contract functionality on Bitcoin and a significant breakthrough for making the network more scalable.

  • OKX announces it will cease services in Nigeria on August 16 citing recent changes in local laws and regulations.

  • Mt. Gox transfers $6B worth of BTC to new wallets, reimbursing creditors from the exchange's infamous 2014 hack.

  • Mt. Gox creditors hit by failed login attempts amid repayments.

  • Cointelegraph shows how up to four missing words in a Bitcoin seed phrase can potentially be recovered through brute force.

  • UK court reverses previous judgments against Cøbra, the operator of Bitcoin.org, in a landmark decision, strenghening the open-source nature of Bitcoin’s foundational document.

  • Maelstrom Fund, led by BitMEX co-founder Arthur Hayes, announces a ‘Bitcoin Grant Program’ to support Bitcoin developers with grants up to $250,000 annually.

  • Rumour has it that Trump might announce a strategic bitcoin reserve at the Bitcoin 2024 conference in Nashville.

  • Bitcoin Well launches new feature enabling users to pay household bills and credit cards with bitcoin via the Lightning Network, ensuring faster and cheaper transactions.

  • BlackRock CEO Larry Fink states in CNBC interview that while he was originally a skeptic on Bitcoin, he now believes it is a legitimate financial instrument.

  • South Korea wants to delay Bitcoin gains taxation from 2025 to 2028 because of negative investor sentiment.

  • US-listed bitcoin miners' global hashrate share hit a record 26.6% in July, according to JPMorgan.

  • Metaplanet bought another $1.2M worth of BTC, now holding 225.6 BTC valued at ~$15M.

  • Janet Yellen, US Treasury Secretary, warns that countries are shifting away from the US dollar due to US’s $34T debt and the rise of bitcoin, which threatens the dollar’s global dominance.

  • Giovanni Santostasi, a mathematician, predicts Bitcoin could hit $1M per coin in a decade.

  • Bitcoin surpasses Ethereum in transaction fee efficiency being beneficial for low-value payments in particularly developing countries.

  • Anon sends sats to BKA (Germany) from address 1FucKyou4vmD9QwToW5PdpHnCK3KHzpRdR.

  • Russia to allow crypto trading on the country's largest traditional stock exchanges.

  • Bitcoin whales snap up $4.3B of BTC amid price slump.

  • Bitcoiner fathers over 1000 kids across continents as per new Netflix documentary.

  • AT&T reportedly paid a hacker 5.7 bitcoin worth $373,646 to film themselves deleting tens of millions of customer phone calls and texts stolen from the US-based telecommunications giant.

  • Bitkey implements MoonPay alongside Cash App and Coinbase for users to purchase bitcoin.

  • Tornado Cash sees a resurgence in 2024, with deposits exceeding $1.8B in the first half of the year, a 45% increase compared to the entire 2023, despite US sanctions.

  • Loka Mining launches Bitcoin mining pool for institutional investors.

  • Robert Menendez, a US Senator who criticized Bitcoin as a tool for criminals, convicted of taking bribes in gold.

  • ‘Mempool sniping’ is on the rise in the Bitcoin network, with sophisticated traders front-running transactions to dominate Ordinals trading, making it difficult for less experienced traders to secure bids.

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OTHER NEWSLETTERS TO CHECK OUT*

  • The Flyover sends you the most important and interesting stories of the day in your inbox every weekday.

  • I Will Teach You To Be Rich focuses on sharing proven systems and time tested advice so you can make changes fast.

  • AI Tool Report teaches you how to save time and earn more with AI.

  • Early Bird Stock Market News is the morning financial newsletter that's ruffling feathers.

  • FryAI scours through 100+ AI news sources every weekday so you don’t have to.

*You can find more here.

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🎥 QUICK MEDIA

  • Giant Bitcoin logo is displayed on the Ferris wheel at Santa Monica’s iconic pier (Jul 11 | 0:10 min watch).

  • Fox Business shows on TV that Bitcoin is the best-performing asset, up 315,678% since 2013 (Jul 16 | 0:29 min watch).

  • Putin warns bitcoin mining risks overloading Russia's electrical grid and could cause widespread power outages (Jul 17 | 0:44 min watch).

  • Trump blames Bukele for sending El Salvador's worst criminals to the US (Jul 19 | 1:05 min watch).

  • Richard posts remix 'Looking for a Man in Bitcoin' featuring Carla Bitcoin, Michael Saylor, Frankie MacDonald, and Crypto Mags (Jul 19 | 1:20 min watch).

  • Dylan LeClair reveals how MicroStrategy's zero-interest convertible debt has surged over 200%, making it the best-performing debt instrument globally (July 15 | 2:42 min watch).

  • Robert Breedlove and Peruvian Bull discuss how Bitcoin is the escape hatch from the Matrix (Jul 19 | 3:58 min watch).

  • Bobby Shell releases video laying out all the reasons why the US government should immediately buy $1-10 Billion in BTC (Jul 18 | 5:41 min watch).

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💥MEME BREAK

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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.

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Until our next transmission,

Naiw

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