Greetings Bitcoiner,

Welcome to Issue #210 of Bitcoin Breakdown, where we’re bringing you your end-of-week Bitcoin Digest featuring all the need-to-know Quick Bits snippets and Quick Media.

But first, today’s Top Stories:

• 🤥 ️‍CoinDesk Rehashes Crypto Fake News

• 🇩🇪 Germany's Bitcoin Tax Blitz

• 🗳️ Bitcoin: The Guardian of Democracy?

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Mar 28, 2025

TODAY’S TOP STORIES

🤥 ️‍CoinDesk Rehashes Crypto Fake News

CoinDesk, a publication owned by a Peter Thiel-backed firm, publishes long debunked terrorist crypto financing allegations in report on the seizure of $200,000 in crypto. The US Treasury's claim that Hamas extensively uses cryptocurrency for financing is disputed, with evidence suggesting its reliance on traditional methods and questioning the accuracy of Treasury's analysis. The Rage

🇩🇪 Germany's Bitcoin Tax Blitz

Germany's Social Democratic Party wants to kill the country's tax-free Bitcoin holding policy. It is pushing for a 30% capital income tax on all Bitcoin and crypto profits in coalition talks with the Christian Democratic Union and Christian Social Union. This move could end Bitcoin's tax-free status after a year, making it unusable impractical as payment. The two Christian parties are however resisting, so the outcome of the tax blitz remains uncertain for now. Protos

🗳️ Bitcoin: The Guardian of Democracy?

Representatives Gabe Amo and Young Kim are pushing a bipartisan resolution highlighting Bitcoin's potential to strengthen democracy. Citing examples like Screven County, Georgia, where Bitcoin's blockchain secured election results, they argue that this technology promotes transparency and resists authoritarianism. While the resolution lumps Bitcoin with less secure blockchains, its focus once again underscores the importance of Bitcoin and that its immutable technology can be used in guarding democracy, at home and worldwide. Bitcoin Magazine

POLL

QUICK BITS

• OpenSats announces the tenth wave of Nostr grants, supporting 7 projects including Chachi, Notedeck, Npub.cash and Zapstore.

• The Blockchain Group, a France-based firm, makes its largest Bitcoin purchase to date, acquiring 580 BTC for $50.64M, taking its total holdings to 620 BTC.

• Fold and Bitdeer added to the Bitwise Bitcoin Standard Corporations ETF expanding its portfolio to 22 companies with significant BTC exposure.

• Most EU banks fail to meet rising Bitcoin and crypto investor demand, despite over 40% of business investors already holding digital assets.

• European Insurance and Occupational Pensions Authority recommends a 100% capital requirement for insurers holding Bitcoin or crypto, thereby discouraging insurers from investing.

• A viral video in which Donald Trump hangs up the Bitcoin whitepaper in the White House is a debunked fake, guys.

• Wirex, a Bitcoin and crypto app, launches Wirex Travel, a platform offering reduced hotel rates, exclusive deals, rewards and payments in BTC.

• Senator Cynthia Lummis, Chair of the Senate Banking Subcommittee on Digital Assets, receives the full backing of US President Donald Trump in her 2026 reelection.

• South Korean Financial Intelligence Unit restricts access to 17 unregistered overseas Bitcoin and crypto exchanges, including KuCoin, MEXC, and Phemex, in Google Play Store.

• Russian Ministry of Internal Affairs warns that fraudsters use malware to infect citizens' smart home devices with mining malware.

• Revolut launches Revolut X, a mobile Bitcoin and crypto exchange app for users in the UK and the European Economic Area.

• Block, Jack Dorsey's fintech company, lays off almost 1,000 employees and closes 800 open jobs.

OTHER NEWSLETTERS TO CHECK OUT*

Looking for fresh insights? Check out this curated list by Refind of amazing newsletters! Explore a variety of topics, discover new perspectives, and subscribe to the ones that spark your interest. Happy reading!

*You can find more here.

QUICK MEDIA

• Andrei Jikh, a financial and investment educator, argues GameStop adopting Bitcoin clears the path for others such as AMC, Chewy, Shopify, maybe even Apple to follow (Mar 27 | 1:01 min watch). 

• Swan Bitcoin explores how GameStop's bold Bitcoin investment strategy, following Strategy's lead, signals a growing corporate adoption trend, potentially triggering a sustained Bitcoin supercycle (Mar 28 | 9:38 min watch). 

• Dhruv Bansal of Unchained explores how a 'network of keys' and network science can solve Bitcoin's scalability and custody challenges in a presentation at The Bitcoin Takeover event in Austin, Texas (Mar 26 | 24:32 min watch). 

• Michael Saylor addresses Metaplanet's shareholders in a recorded message, highlighting similarities between his company and Metaplanet in trying to get the world onto a Bitcoin standard (Mar 24 | 2:20 min watch). 

• Cory Klippsten compares non-Bitcoin crypto to a real-life video game where traders level up by unlocking insider info, just to dump bigger bags on their followers each time (Mar 25 | 2:51 min watch). 

• Joe Nakamoto documents how Bitcoin mining is transforming stranded renewable energy into a development tool, bringing electricity to a remote Kenyan village, thanks to companies like Gridless and HydroBox (Mar 28 | 16:56 min watch). 

• BBC also spotlights Gridless Compute's pioneering hydro-powered Bitcoin mining in Zambia, turning wasted energy into value and reducing local electricity costs (Mar 26 | 3:36 min watch). 

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