This Week's ⚡ Quick Bits & 🎥 Quick Media Digest (#112)

Read issue 112 of the Bitcoin-only newsletter with the highest signal-to-noise ratio in the space.

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TBW

Greetings Bitcoiner,

Welcome to issue #112 of the Bitcoin Breakdown, where have lately seen plebs deeming Bitcoin as ‘boring’,focusing mostly on price action. However, it remains the soundest money and hardest currency in the world. ‘Boring’ is in many ways preferable.

Happy readings! 👽️

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⚡️ QUICK BITS

  • BlackRock calls Bitcoin a hedge against geopolitical instability and a growing alternative to traditional currencies.

  • Solo bitcoin miner again wins $180K reward by mining block 860749, even amidst record hashrate highs.

  • Norway introduces legislation to regulate data centers and stifle bitcoin mining. (NGMI - Ed).

  • Fractal Bitcoin, supported by Unisat, launches its mainnet with a unique scaling solution using Bitcoin Core code to enhance transaction capacity and speed.

  • Fractal Bitcoin captures over 240 EH/s in its first 24 hours, reshaping the Bitcoin's hashrate landscape.

  • MARA acquires more Bitcoin, now owns over 26,200 BTC worth $1.5B, and won’t be selling any soon.

  • Kraken no longer supports Lightning withdrawals for German clients.

  • NBA legend Scottie Pippen excites his 670,000 X followers with a bullish tweet on Bitcoin.

  • Chainalysis 2024 Global Crypto Adoption Index reveals Central & Southern Asia and Oceania region dominates crypto adoption rankings, with India at the top.

  • Japan's largest power company TEPCO is now mining bitcoin using renewables.

  • McAfee researchers uncover 280 Android apps using OCR to steal crypto credentials through fake bank and utility apps.

  • Corporate Bitcoin holdings surges by 587% since June 2020 as companies adopt it for financial strategy.

  • Bitcoin trading volume reaches $2.87T in the first eight months of 2024 - 20% higher than the volume registered in the first eight months of 2021.

  • Kamala Harris publishes policy statement, fails to mention Bitcoin or crypto.

  • Bitcoin addresses with non-zero balances climb over 50M in 2024.

  • Bitwise CIO highlights that wealth advisers are adopting Bitcoin ETFs faster than any ETF in history.

  • Standard Chartered launches a digital asset custody service in the UAE, marking a milestone with its support for Bitcoin and other cryptos.

  • Bitcoin mining difficulty reaches a new all-time high of 92.7T following record hash rate levels.

  • Indodax, an Indonesian exchange, goes offline following a suspected $22M hack that compromised its hot wallets. (NYKNYC - Ed).

  • Venezuelan army seizes 35 bitcoin miners to combat illegal mining and reduce pressure on the country's electric grid.

  • Russia mines over $3B in bitcoin, boosting tax revenue amid sanctions.

  • Metaplanet invests an additional $2M in BTC, increasing its holdings to 398.8 BTC amid market fluctuations.

  • El Salvadorian taxi driver transforms into a successful entrepreneur by accepting bitcoin.

  • UK’s Financial Conduct Authority (FCA) takes legal action against a London-based pleb, charging him with illegally operating a network of unregistered bitcoin ATMs.

  • Morgan Stanley discloses Bitcoin ETF ownership in multiple investment portfolios.

  • Fed cracks down on United Texas Bank over AML deficiencies, intensifying scrutiny of crypto banks.

  • Michael Dell, Chairman and CEO of Dell, again tweets about Bitcoin.

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OTHER NEWSLETTERS TO CHECK OUT*

Recommended Newsletter

*You can find more here.

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🎥 QUICK MEDIA

  • Jack Mallers explains the difference between volatility and risk in a debate with Peter Schiff (Sept 10 | 1:26 min watch).

  • Michael Saylor says Bitcoin is going to $13M on CNBC (Sept 10 | 1:33 min watch).

  • NBC News covers the story of a Texas bitcoin mine reportedly making residents sick (Sept 9 | 3:21 min watch).

  • Fred Thiel, CEO of Marathon Digital, says Bitcoin as an asset class is the perfect asset and as soon as US banks are able to custody and collateralize Bitcoin, the price of Bitcoin will explode (Sept 10 | 1:01 min watch).

  • Steve Lubka of Swan says we’ve moved past the surprise Bitcoin selling seen from unexpected pockets over the last 6 months (Sept 11 | 2:11 min watch).

  • Matthew Kratter of Bitcoin University discusses how Bitcoin can help us relearn personal responsibility in an age of men and women made weak by fiat culture, endocrine disruptors and other toxins, and propaganda (Sept 10 | 9:10 min watch).

  • John Hurley of Swan Bitcoin breaks down the epic debate between Jack Mallers and Peter Schiff, discussing the strengths and weaknesses of both assets (Sept 12 | 13:42 min watch).

  • Kevin Hurley, CTO of Lightspark, shares how companies struggle with the complexities of the Lightning Network and how his company can help them (Sept 7 | 0:57 min watch).

  • Ioni Appelberg publishes a video talking about the evolution of timekeeping and how it relates to Bitcoin (Sept 7 | 7:08 min watch).

  • Samson Mow, CEO of Jan3, explores how Bitcoin decentralizes power, resists government control, and offers freedom to individuals worldwide (Sept 9 | 14:08 min watch).

  • Bitcoin Dua, a grassroots initiative for Bitcoin education in Ghana, prepares for the graduation of its student on the 14th September (Sept 5 | 2:14 min watch).

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