Greetings Bitcoiner,

Welcome to issue #70 of the Bitcoin Breakdown, where it is our duty to inform you that the halving event is taking place tomorrow.

📣 In case you missed it, you can now also read our twice-weekly issues on Meco, an iPhone and web app designed for clean, uncluttered newsletter reading which enables you to collect all your favorite newsletters together.

If you find value in this newsletter, then please forward it to a friend.

Happy readings! 👽️ 

TOGETHER WITH THE NOMAD CAPITALIST*

THE WORLD’S #1 EVENT FOR GLOBAL CITIZENS

Bitcoin is breaking records and governments are closing in. Don't get caught unprepared.

At Nomad Capitalist Live 2024, we're unveiling the blueprint to safeguard your wealth in a world on the brink of regulatory siege.

Discover the ultimate strategies from legends like Saifedean Ammous and Laura Inamedinova to navigate through the chaos.

*You can also advertise with us here.

⚡️ QUICK BITS

• Akita Mia releases a whitepaper, ‘LRC-20 - a new approach to Tokenization on Lightning’ that will potentially disrupt the NFTs-on-BTC space.

• Bitcoin's dominance over all other cryptocurrencies (including proof-of-stake nonsense) hits its highest value in three years.

• Exchanges to run out of BTC within 9 months, and Bitcoin's scarcity set to outpace gold post-halving, Bybit report reveals.

• Taproot Wizards reveals ‘CatVM proposal’, making a case for using OP_CAT as a new method for navigating Bitcoin’s scaling layers.

• Craig Wright withdraws his appeal against Hodlonaut, ending his spurious defamation lawsuit.

• Mempool founder Mononaut voices concerns over potential security risks in Bitcoin's Layer 2 implementations, despite their promise of increased scalability.

• Fees on the Bitcoin testnet surpass fees on mainnet.

• Edward Snowden warns of imminent NSA control over internet privacy, as the FISA 702 bill could see the US government's surveillance powers amplified to new levels.

• FISA 702 Bill advances to Senate.

• Early Riders, a sound capital investment firm, announces that it seeks to raise, deploy, and return capital in BTC terms.

• @CobraBitcoin warns against downloading Bitcoin software from Bitcoin.org and instead recommends using BitcoinCore.org for the most up-to-date and official software.

• Trammell Venture Partners report reveals Bitcoin startups raised $1B between 2021 and 2023.

• The Winklevoss brothers invest $4.5M worth of BTC in Real Bedford, the first-ever football club powered by Bitcoin.

• Bitcoin's price drop over the past week results in $256M in losses for traders with long positions and $319.15M in liquidations from leveraged positions in 24 hours.

• Ordinals could give rise to a futures market based on rare sats after the upcoming halving.

• Norwegian lawmakers pass a law aimed at regulating energy use in data centers, that could force out Bitcoin miners.

• Xverse Wallet publishes a guide on Bitcoin Runes, offering insights into optimizing token management after the Bitcoin halving.

• Fiji central bank warns against crypto use following the prime minister's reversal of position.

• Bank of Russia to support the adoption of cryptocurrency payments for international settlements.

• Trust Wallet urges iPhone users to disable iMessage due to a zero-day exploit for sale on the dark web for $2M.

• Bitcoin Core 27.0 release means ‘p2p v2’ is now on by default, making it much more difficult for your ISP to identify you running a node.

• Franklin Templeton Digital Assets releases a paper on Bitcoin Runes speculating that it can close the fungible token market cap gap that exists between Bitcoin and other L1s.

• Hong Kong poised to launch its first spot Bitcoin ETFs by April 30, potentially attracting $25 billion in investments.

• Runes hype pushes tx fees on Bitcoin higher, with the 7-day moving average of the average tx fee climbing from $4.11 to $12.17.

• Iraqi Deputy Prime Minister’s statement about Iraq using technology to capture flare gas starts rumours that the country is planning on mining Bitcoin.

• Bitcoin Depot is deploying over 60 ATMs in Fareway, the fastest-growing grocery chain in the US.

• BlackRock unveils a series of educational content aimed at explaining Bitcoin, the Bitcoin halving, and its implications, along with insights into its approved spot Bitcoin ETF.

• Telegram CEO Pavel Durov, in an interview with Tucker Carlson, endorses Bitcoin as a symbol of freedom, revealing he has maintained a few hundred million dollars in BTC for the past ten years.

• BRC-20 tokens bleed ahead of Bitcoin halving as trader focus shifts to Runes.

• Google searches for the Bitcoin halving event have reached an all-time high as excitement builds.

OTHER NEWSLETTERS TO CHECK OUT*

• Simple.AI: The magic of AI made simple for mere mortals.

• AI Tool Report teaches you how to save time and earn more with AI by curating trending tools, productivity-boosting prompts, and more.

• TLDR is a free 5 min daily newsletter read by 1,000,000+ bitcoiners, software engineers, founders, and tech workers.

• The Perspective encourages you to challenge the status quo and improve your mindset.

*You can find more here.

🎥 QUICK MEDIA

• Orange Pill App posts a demo of how users can place their Orange Pill App profile link into their X bios and get zapped Sats in less than 10 seconds (Apr 8 | 0:10 min watch).

• Keet launches ‘Keet Identities’, enabling you to create a unique identity with 24 key words (April 17 | 1:32 min watch).

• Bringin posts a demo of their BTCpayServer plugin that allows every business to accept global payments, receive them instantly, avoid a ~3% fee to intermediaries, and use the revenue to pay bills (Apr 8 | 1:45 min watch).

• Debifi, a company encouraging Bitcoiners worldwide to borrow against their holdings without selling, posts a case study on how it supported 'A Place to Be', an unschooling project aligned with their values of freedom and education (Apr 12 | 2:04 min watch).

• Swan Bitcoin posts a video of Natalie Brunell and Peter Schiff going toe to toe on which is the soundest money - gold or Bitcoin (Apr 15 | 5:26 min watch).

• Wicked posts a deep dive on the Bitcoin halving, exploring the significance of employing the bitwise shift operation in calculating the block subsidy (Apr 11 | 9:12 min watch).

• Get Based releases ‘15 Years of Bitcoin in 15 Minutes’ (April 17 | 16:32 min watch).

💥 MEME BREAK

CLASSIFIEDS & AFFILIATES

• Orange Pill App enables you to onnect with Bitcoiners and Bitcoin merchants wherever you live and travel.

• Bringin offers a secure platform for buying, selling, and converting Bitcoin to Euros, with direct transfers to bank accounts or virtual debit cards, featuring unique off-ramping options and preventing account freezes with dedicated IBANs for each user.

• Check out BITCOIN WELL today for the fastest and easiest way to secure Bitcoin in self custody, offering non-KYC sells and bill payments with a transparent 1% spread, no hidden or withdrawal fees.

Thank you for reading!

If you received it from a friend and would like to subscribe, you can do so here.

Until our next transmission,

Naiw

Support independent Bitcoin content and consider leaving a Lightning tip:

[email protected]