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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🎥 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).

💥MEME BREAK

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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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