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A news desk for bitcoiners by bitcoiners without ads, paywalls, or clickbait.
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No Bullshit Bitcoin 1 year ago
X partners with Visa to enable “X Money” The move is part of Elon Musk's larger plan to develop a 'super app' akin to WeChat. X Money will likely launch in Q1 of 2025, according to CNBC. image
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No Bullshit Bitcoin 1 year ago
The European Squash Federation embraces Bitcoin The organization has become the first major sports federation in Europe to integrate Bitcoin into its operations. It will hold bitcoin as an asset on its balance sheet, accept bitcoin donations using BTCPay Server and Blink, and "will facilitate the use of bitcoin for both incoming payments and outgoing transactions, wherever it is deemed appropriate." The move was executed with the help of Norwegian Bitcoin consultancy firm SatoshiConsult. View quoted note →
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No Bullshit Bitcoin 1 year ago
Phemex exchange losses climb to $85 million following a recent hack The Singapore-based cryptocurrency exchange experienced a breach of its hot wallets on January 23rd. The initial estimate of stolen cryptocurrency was $29 million, but the figure was raised to $73 million on Friday. By Sunday, the estimates rose once more, with MetaMask's Taylor Monahan calculating the value of the stolen crypto to be at least $85 million. The attack constitutes the largest centralized exchange hack of 2025 so far. More: https://www.bleepingcomputer.com/news/security/hackers-steal-85-million-worth-of-cryptocurrency-from-phemex/
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No Bullshit Bitcoin 1 year ago
Poland becomes the fifth largest Bitcoin ATM country Recently, Poland expanded its Bitcoin ATM network by adding 10 new machines, bringing the total to 219 and surpassing El Salvador to become the fifth-largest network globally, following the US, Canada, Australia, and Spain, per CoinATMRadar data. Source: https://coinatmradar.com/
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No Bullshit Bitcoin 1 year ago
What important or interesting Nostr and related releases/updates/guides we might have missed lately? Shill it all here ⬇️
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No Bullshit Bitcoin 1 year ago
☕ Good Morning, Bitcoin - Monday, January 27th, 2025 GM! January 27th, known as Silk Road Day, commemorates the launch of the darknet market Silk Road. This market was an early use case for bitcoin, facilitating the trade between various individuals.
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Good Morning, Bitcoin - Monday, January 27th, 2025
Good Morning, Bitcoin is your daily news roundup delivering key stories, project updates, new releases, guides, research, and all things related to...
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No Bullshit Bitcoin 1 year ago
France advances a proposal to impose an 'unproductive' unrealized capital gains tax on cryptocurrency holdings exceeding €800,000 The French Senate is set to transform the Real Estate Wealth Tax into the 'Unproductive Wealth Tax,' which now includes a progressive unrealized gains tax on digital asset holdings, ranging from 0.5% to 1.5%, even if the assets remain unsold. The proposal also includes provisions to increase the capital gains tax from 30% to up to 37.2% in certain cases. It is currently awaiting a vote in the National Assembly. Source:
Sénat
Budget 2025
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No Bullshit Bitcoin 1 year ago
🚨 Make the Rehypothecation of Bitcoin Custody Illegal – @preston "American banks now have the regulatory green light to enter Bitcoin custody in a big way. If we do not establish firm guidelines and prohibitions, the next wave of Bitcoin-lending catastrophes could dwarf the collapses of FTX, BlockFi, and Genesis, putting ordinary savers and the broader financial system through turbulent times. The time to act is now."
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Make the Rehypothecation of Bitcoin Custody Illegal – Preston Pysh
Preston Pysh, macro analyst and partner at Ego Death Capital, shared a blog post advocating for a ban on bitcoin rehypothecation for all institutio...
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No Bullshit Bitcoin 1 year ago
Plebeian App Launches MVP of Plebeian.Market Platform "The Plebeian app is proud to announce the launch of its Minimum Viable Product (MVP), a decentralized marketplace and community builder that empowers individuals to sell their value in a peer-to-peer open marketplace. After four years of development and multiple pivots, the Plebeian app has settled on NOSTR to demonstrate a proof of concept that is poised to disrupt traditional commerce." h/t @Plebeian Market
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Plebeian App Launches MVP of Plebeian.Market Platform
Plebeian.Market is the first instance of the Plebeian app, dedicated to goods and services catering to the Bitcoin and Nostr communities. Users are...
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No Bullshit Bitcoin 1 year ago
US Federal Court Rules Backdoor Searches of FISA Section 702 Data Unconstitutional A federal judge has ruled that the federal government's method of searching through information incidentally collected on US-based individuals violates the Fourth Amendment of the US Constitution. "While communications of US persons may nonetheless be intercepted, incidentally or inadvertently, it would be paradoxical to permit warrantless searches of the same information that Section 702 is specifically designed to avoid collecting," the judge said, adding that "public interest alone does not justify warrantless querying."
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US Federal Court Rules Backdoor Searches of FISA Section 702 Data Unconstitutional
A federal judge has ruled that the federal government's method of searching through information incidentally collected on US-based individuals viol...
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No Bullshit Bitcoin 1 year ago
UPDATE: The wife of David Balland was also kidnapped on Tuesday and has since been rescued. Eight people have been arrested thus far in connection with the kidnappings. According to sources close to the case, the kidnappers accepted ransom in Tether (USDT), which was quickly seized and frozen.
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Ledger Co-Founder and His Wife Freed After Ransom Kidnapping (UPDATED)
David Balland, co-founder of Ledger, was kidnapped from his home in France early Tuesday and released Wednesday night following a police operation....
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No Bullshit Bitcoin 1 year ago
Blockstream launches Blockstream Asset Management Blockstream announced the launch of Blockstream Asset Management and two Bitcoin-based investment funds, the Blockstream Income Fund and the Blockstream Alpha Fund, set to open in Q1 2025. These funds target institutions and accredited investors seeking secure Bitcoin investments. Additionally, the Blockstream Yield Fund will be released later this year, offering consistent, low-risk returns for Bitcoin holders. Source:
Blockstream
Blockstream Launches Asset Management Division and Introduces Two Bitcoin Investment Funds
It’s an exciting new chapter for Bitcoin finance: we are proud to announce the launch of Blockstream Asset Management (BAM) and two accompanying ...
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No Bullshit Bitcoin 1 year ago
US SEC Withdraws Controversial Accounting Guidance SAB 121 Days After Gary Gensler Leaves The SEC issued Staff Accounting Bulletin (SAB) 122, which revokes the contentious SAB 121, and permits financial institutions that hold bitcoin and other digital assets for their customers to decide if the held digital assets should be reported as a liability.
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US SEC Withdraws Controversial Accounting Guidance SAB 121 Days After Gary Gensler Leaves
The SEC issued Staff Accounting Bulletin (SAB) 122, which revokes the contentious SAB 121, and permits financial institutions that hold bitcoin and...
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No Bullshit Bitcoin 1 year ago
JUST IN: U.S. SEC rescinds Staff Accounting Bulletin 121 The controversial SAB 121 guidance imposed strict accounting requirements on firms seeking to custody digital assets on behalf of customers, requiring them to list 'digital assets' as liabilities. This potentially paves the way for U.S. financial institutions to custody bitcoin and other cryptocurrencies. Source:
SEC.gov | Staff Accounting Bulletin No. 122
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No Bullshit Bitcoin 1 year ago
Rumble announces Rumble Wallet The CEO of the video sharing and cloud computing platform, Chris Pavlovski, confirmed the development of Rumble Wallet, adding that it is "a massive internal project which creates a new way for creators to transact" with BTC and USDT. Rumble raised $755 million from Tether last month and has started purchasing Bitcoin for its reserves. Additionally, the platform recently signed a Cloud Agreement with the Government of El Salvador. image
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