The Bitcoin Community Newsletter's avatar
The Bitcoin Community Newsletter
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Delivers key updates and insights to keep you connected to the Bitcoin community. #Freedom
China still has a 15% global share of the Bitcoin mining hash-rate, despite an official ban on #BitcoinWhy and how? 1. USA: 40% 2. China: 15% 3. Russia: 12% 4. Canada: 5% 5. Kazakhstan: 3.5% 6. UAE: 3% 7. Malaysia: 3% 8. Norway: 1.5% 9. Ethiopia: 0.3% image
Europe central bank said Bitcoin has failed to become a global decentralized digital currency, instead falling victim to fraud and manipulation. but European Central Bank is literally run by a fraud convicted criminal. can't stop Bitcoin recognized by largest global asset managers like BlackRock & Fidelity as the best performing asset. image
The amount of energy necessary to successfully hijack the #Bitcoin network is far beyond the reach of any single organization or nation-state. Since the Bitcoin network consensus rules cannot be unilaterally changed, it is most likely that all players will simply adapt to its rules. As the old adage says: "If you can't beat 'em, join 'em." --Michael Saylor
Upcoming Bitcoin Events: ๐Ÿš€ ๐Ÿ“… Join the Houston #Bitcoin Meetup @parkeralewis on Thursday, February 22nd. ๐Ÿ”— ๐ŸŒ† Don't miss the discussion on Bitcoin Urbanism featuring @AustinTunnell, @TuurDemeester, and @ktlannan on March 13th. ๐Ÿ”— ๐ŸŽ‰ Experience the #Bitcoin Takeover @bitcoincommons in Austin on Friday, March 15th (off-SXSW). ๐Ÿ”— image
Anthropic has announced that its AI chatbot, Claude, will be off-limits to political candidates to prevent misuse during election campaigns. The policy aims to stop the use of Claude for impersonation or targeted political campaigning. Violations of this policy will result in warnings and may eventually lead to suspension of service access. Additionally, Anthropic is partnering with TurboVote to provide reliable voting information to support voters in getting accurate information. https://img.decrypt.co/insecure/rs:fit:3840:0:0:0/plain/https://cdn.decrypt.co/wp-content/uploads/2023/09/anthropic-claude-logo-on-smartphone-ai-chatbot-gID_7.jpg@webp
๐Ÿ” Crypto Insight: Arkham Intelligence reveals that 98% of MicroStrategy's massive 190,000 BTC holdings have been tracked, with a significant portion, approximately 107,000 BTC, managed by Fidelity. ๐Ÿฆ๐Ÿ’ผ An additional 79,000 BTC are in segregated custody, including with Coinbase Prime. Valued at around $9.7 billion, MicroStrategy's aggressive Bitcoin acquisition strategy since August 2020 showcases their commitment to the digital asset. image
#Just in: VanEck has agreed to a $1.75 million settlement with the SEC over charges of nondisclosure during the launch of its Social Sentiment ETF. The fine stems from failing to disclose the involvement of a social media influencer. image
๐ŸŒ๐Ÿ” Russia ascends to become the world's second-largest Bitcoin mining superpower, trailing only the USA! ๐Ÿ‡ท๐Ÿ‡บThis development follows a series of strategic investments aimed at bolstering Russia's presence in the cryptocurrency sector. A notable project that has catapulted Russia into the mining spotlight is the completion of a massive 120-megawatt (MW) data center in Ethiopia by the Russian supplier BitCluster. image
Chinese Bitcoin miners, pushed from their homeland, are finding a new frontier in Africa, especially Ethiopia, drawn by cheap electricity rates. The Grand Ethiopian Renaissance Dam is central to this shift, offering a mix of low-cost energy and a government open to mining. But with nearly half of Ethiopia's population living without electricity, the move raises questions about balancing industry growth with local energy needs. This scenario echoes the rise and fall of Bitcoin mining in Kazakhstan post-China's 2021 ban. image
MicroStrategy, the leading corporate investor in Bitcoin, appears to be positioning itself to rival the newly introduced Bitcoin ETFs. During a recent webinar, co-founder Michael Saylor announced the company's shift towards a strategy focused on Bitcoin development. image
Cryptocurrency trading remains very active in mainland China. According to reports, Binanceโ€™s cryptocurrency trading volume in China reached $90 billion in just one month last year, making the country the largest market for the worldโ€™s largest exchange. image
COPA, backed by Jack Dorsey, challenges Craig Wright's claim of being #Bitcoin's creator, Satoshi Nakamoto. ๐Ÿ›‘ Lawyers call Wright's narrative "a brazen lie" supported by "forgery on an industrial scale." The alliance is determined to debunk Wright's assertions in court, emphasizing the need for proof in the ongoing legal battle over Bitcoin's origins. https://img.decrypt.co/insecure/rs:fit:3840:0:0:0/plain/https://cdn.decrypt.co/wp-content/uploads/2019/02/craigwright-gID_7.png@webp
Craig Wright takes the stand in the UK High Court today, aiming to prove he's the elusive Satoshi Nakamoto, creator of Bitcoin. Despite years of controversy & claims without conclusive evidence, today's case could be pivotal. image
UXUY has issued Taproot ecosystem incentive tokens, $TAPROOT, to encourage more people to trade and hold Taproot assets.Taproot Assets is a new Taproot-powered protocol for issuing assets on the bitcoin blockchain. image
Nostr's domain is up for grabs at $5M! Ben Arc, cofounder, aims to support Nostr's future, pledging 10% of the sale to cofounder Fiatjaf & another 10% to LNbits development. If unsold, it'll transition to hosting Lightning wallet services under LNbits Inc. for 3 years. A strategic move reflecting Arc's dedication to the project, acquired 3 years ago for just $5K. Potential buyers are vetted for alignment with Nostr's vision of a decentralized social platform. https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2023/09/for-sale.jpg&w=1400&h=735&q=75
๐Ÿš€ Core Scientific shines as North America's largest crypto miner, mining 19,274 Bitcoins in 2023, valued at $812 million! Spanning states like Georgia & Texas, their operations now lead with an energized hash rate of 23.2 exahashes per second. ๐Ÿ“ˆ After overcoming Chapter 11 bankruptcy, Core Scientific made a remarkable Nasdaq comeback, showcasing the resilience & potential of the Bitcoin mining industry. image
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