Greetings Bitcoiner,

Welcome to Issue #191 of the daily Bitcoin Breakdown, where we have some excellent Opinion & Analysis pieces and Tools & Projects for you today!

But first, today’s Top Stories:

• Russia Snubs BTC For Gold & Yuan 🇷🇺

• US Authorities Release Seized Bitcoin Gear ⛏️

• Mt. Gox Billion-Dollar Bitcoin Move ⛰️ 

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Mar 6, 2025

TODAY’S TOP STORIES

🇷🇺 Russia Snubs BTC, Stacks Gold & Yuan Instead

Russia's Finance Ministry says 'no' for now to BTC in its wealth fund, opting instead for gold and the supposed safety of Chinese yuan. The plan aims to sidestep the West by building safer reserves, though the US eyes a crypto reserve. In a volatile market that prefers dynamic assets, BTC continues to shine as the future of finance despite conventional prudence, fueling global economic breakthroughs. A clear missed opportunity for Russia. CCN

⛏️ US Authorities Release Seized Bitcoin Gear

US authorities have begun returning thousands of seized Chinese-manufactured Bitcoin mining machines even as more remain in custody, following months of port seizures. These enforcement actions, initiated by Customs and Border Protection after requests from the Federal Communications Commission, were supposedly taken to safeguard sensitive technology while challenging trade tensions and keeping US-based miners competitive in the Bitcoin network. Decrypt

⛰️ Mt. Gox Billion-Dollar Bitcoin Move

The defunct Mt. Gox exchange broke a silent spell by transferring 12,000 BTC, worth over $1B, to an unidentified address. Furthermore, 166,505 BTC were funneled to a cold wallet amid a repayment deadline extension, fueling cautious optimism among Bitcoiners and other market participants alike. Even though these moves stirred market interest, Bitcoin prices have remained largely steady amid the historic maneuvers. Cypto Briefing

POLL

OPINION & ANALYSIS

• L0La L33tz of The Rage details how the IRS Broker Rule compels custodial and non-custodial Bitcoin and crypto platforms to comply with KYC, triggering a Ted Cruz-backed resolution challenging government overreach (Mar 5 | 3 min read).

• Igor Neumann of Firefish explains how their non-custodial Bitcoin lending platform enables users to borrow fiat without selling their BTC, promoting long-term ownership while offering lenders a secure solution (Mar 5 | 6 min read).

• Hodlbod, developer of Nostr client Coracle, explains how self-issued cryptographic identities empower individuals, safeguard freedom of speech, and break free from centralized authority through robust key management (Mar 5 | 21 min read).

• Darthcoin, a passionate Bitcoin OG and educator, shares a quick guide for small shops to adopt LN payments using a self-manageable Rizful node, a Zeus PoS system, and strategic on-chain swaps so merchants keep control over their growing sats (Mar 5 | 5 min read).

• Heritage Falodun, CEO of DigiOats, argues Bitcoin could serve as a strategic reserve for Africa, offering economic independence and prosperity through its portable, divisible, and deflationary nature, things that traditional commodities can't offer (Mar 4 | 4 min read).

• Keypleb, founder of Bitcoin Indonesia, shares insights on building a thriving Bitcoin community, overcoming challenges like member turnover and venue selection to drive adoption and growth through meetups and workshops (Mar 4 | 11 min read).

• Zapsammy, a pseudonymous Stacker News user, details how he recovered sats sent to an old neutrino wallet by using chantools, cryptography toolkit, Electrum and Sparrow after months of trial and error (Mar 3 | 3 min read).

• Bam from Bitcoin Barqnet shares how he is enabling Bitcoin adoption in the Middle East through education, community-building, and the modular Cypherbox wallet (Mar 2 | 10 min read).

• Kate Porter of Blockdyor provides an in-depth guide on buying Bitcoin anonymously amid strict KYC and MiCA regulations by comparing various P2P, decentralized and centralized platforms (Mar 1 | 20 min read). 

• Parker Lewis of Zaprite explains, in light of Michael Saylor’s recent remarks, how Bitcoin uniquely functions as both money and currency thanks to its fixed supply, global accessibility, and trustless nature, all of which position it to disrupt traditional monetary systems and economic policymaking (Feb 28 | 16 min read).

• Shinobi of Bitcoin Magazine, explores MEVpool as a strategic yet temporary fix for MEV's centralization and censorship challenges by enabling miners to retain transaction selection control while mitigating adverse impacts (Feb 28 | 6 min read).

ANOTHER NEWSLETTER TO CHECK OUT*

*You can find more here.

TOOLS & PROJECTS

• Bringin, a Bitcoin payments company, demonstrates AI agents using Bitcoin for payments via the Lightning Network, bridging the gap between AI and Bitcoin with an innovative API solution.

• Orange Pill App now allows users to pay invoices directly from their app wallet.

• THNDR, a play-to-earn Bitcoin game pioneer, releases skill-based Blackjack title integrated with instant payments via the Lightning Network.

• Scuffed, a pseudonymous Stacker News user, presents a curated list of affordable Nostr relays, all offering lifetime access for under 5000 sats.

• Kartapio is a decentralized marketplace that connects local businesses directly with their customers, eliminating intermediaries by leveraging Nostr and Bitcoin.

• Nostr Feed Bots by UTXO the webmaster aggregates real-time news from diverse sources for Nostr users.

• Bitcoin Design Learning Bootcamp is a four-week, self-paced curriculum that guides participants through Bitcoin design fundamentals, focusing on real-world design challenges and open-source practices.

• The Bitcoin Dev Project announces a track at the MIT Bitcoin Expo Hackathon where devs can identify vulnerabilities and break Bitcoin core nodes to win $3,000.

• Boston BitDevs announces 2025 event dates on April 3, July 17, and November 13, with RSVPs on Evento and sponsorship opportunities available.

• Bitcoin Core Snapshots offers pre-synced blockchain data for Mainnet, Testnet, and Signet, speeding up node setup by reducing initial sync time with a verified copy.

• Bitcoinfuzz, a differential fuzzing project, finds and reports bugs, inconsistencies, and mismatches across various Bitcoin implementations and libraries to enhance Bitcoin's network security.

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