WTFBitcoin Week 41,2022
Bitcoin's network keeps on growing.
TLDR: The Biggest European Conference amidst a Bear market, Bitcoin Education continues sparking.
Hey there niblings, it’s uncle Bam again, with a summary of the most insightful events in the Bitcoin space. Back at it again digesting all the important news for you.
I know, I know, it’s a little/lot later than usual, but hey.. I’m doing this for free so thank you for your patience! ;)
This last weekend was the Bitcoin Amsterdam Conference, a great event/party where likeminded people join to meet the community and celebrate the progress and learn more about the latest developments going on in the space.
Was uncle Bam there? Saddly not, as he is currently traveling and visiting family. But lets get back to the interesting part! The the amount of people gathered together for this cause in the midst of a bear market, is unprecedented.
For reference, you could see how the conferences were back in 2012, same same, but different.
During this massive event, people were able to interact with bitcoin for almost everything within the bounds of the conference, from purchasing food, goodies and even self serving themselves beer by simply scanning a QR code.
I’ve said it multiple times before, but never hurts to repeat it: Bitcoin is a network, and the bigger it gets the more valuable it is.
So let’s get into the news now! 👇🏼👇🏼
THE NEWS!
1. Bitcoin Ekasi launches financial education center in South Africa.
2. The spot bitcoin ETP will trade on the Nasdaq Dubai exchange and marks 21Shares' entrance into the growing digital asset economy of Dubai.
3. Laser Eyes have been spotted on the Wall Street Journal
4. Hardware Wallets have been now spotted at Target, US retail store.
5. Crusoe Energy Systems acquires Great American Mining.'
6. The Bank of Canada releases ownership numbers where: 13% of Canadians now hold bitcoin, and over 25% of Canadians between 18 and 34 years old.
7. Mastercard announces Bitcoin and Crypto to become an everyday way to pay, as they will implement contactless card payments.
”I guess someone hasn’t been looking at The Bolt Card, or in fact maybe they did.” – Bam
8. Bolt Ring was released, allowing people to use a ring for contactless payments through the Lightning Network. (See video on the link.)
9. Luxor launches Hashprice OTC Derivative, the company will track hashrate values through its own index and will pay out in USD or BTC, enabling non-physical access to the bitcoin mining industry.
10. A group of business leaders along with the South Carolina State Treasurer traveled to El Salvador to learn about the country’s adoption of bitcoin.
11. Spiral and Braiins establish a working group that will streamline processes for bitcoin miners looking to upgrade to the Stratum V2 communication protocol that connects miners to the network.
12. Google will start accepting bitcoin and cryptocurrency payments for its cloud services in a partnership with U.S. exchange Coinbase.
13. Bitwage partnered with For US All. Users will be able to access Bitwage features and the 401(k) on one platform and can make pre or post-tax contributions.
14. Kazakhstan seeks to establish clearer guidelines for mining, taxes and licensing for service providers such as exchanges in the region.
FUNDAMENTALS
15. The percentage of Bitcoin futures open interest collateralised with crypto is down to 35% from 70% at its peak. This signals a healthy development for the derivatives landscape as liquidation events become less likely.
As a summary note..
I found a little analogy to simply understand bitcoin’s UTXOs.
Essentially, each transaction has to be independent for the sole purpose of validating the chain, and being able to backtrack every single movement throughout the timechain. What a wonderful invention.
Have a great rest of the week nibbs!
Stay humble & stack sats.
Want to learn how to buy bitcoin?
If you are in Europe, I made a pretty simple guide with 3 steps, which avoids you having to set up an account on an exchange, give them all of your personal information, plus custody of your funds.
👇🏼👇🏼👇🏼👇🏼 Please do not donate anything.. or..👇🏼👇🏼👇🏼👇🏼
Did you find value on this? You want to contribute to Uncle Bam?
Then feel free to donate, a cup of coffee would be highly appreciated.
But more importantly, share this with your friends and family..
Lightning Address: rustybeam47@walletofsatoshi.com
My dude