Bye Bye CBDC? 
While we may still see privately issued "CBDCs," this bill could potentially put an end to the idea of an American Fed-controlled currency.
📝 Today's Rundown
  • 🔨 Banning CBDCs: A bill has been introduced banning the Fed from making a CBDC.
  • 🚀 Outperforming Bitcoin: How public bitcoin miners are doing it.
  • 💥 Brazil, Argentina: Bitcoin is the currency these countries need.
A Bitcoin 2023 Treasure Hunt
Each week leading up to April 2023, a single-use unique code in the format of "BMDAILY50[X]" (with [X] being varying bitcoin terms) will appear in a random daily newsletter hidden within the content. The code will get the lucky winner 50% off tickets to the Bitcoin 2023 Conference in Miami, happening May 18-20.
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Be sure to check the daily newsletters as soon as you receive them to try and win! 
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🔨 Banning CBDCs

U.S. Legislators Introduce Bill That Would Prohibit Creation Of An American CBDC
By BtcCasey                     

U.S. Congressman Tom Emmer has introduced a bill called the "CBDC Anti-Surveillance State Act," which would prevent the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals or using it to implement monetary policy.

According to Rep. Emmer, the bill aims to uphold American values of privacy, individual sovereignty, and free market competitiveness and prevent the development of a dangerous surveillance tool. Several other Representatives have voiced their support for the bill.

While the bill still considers the dollar the primary currency of focus and does not mention bitcoin, a Fed-issued CBDC would have a variety of ethical and technical challenges, so opposition to it is a good thing.
Read The Full Article

🚀 Outperforming Bitcoin

Public Miners Are Outperforming Bitcoin
By Dylan LeClair and Sam Rule

Public bitcoin mining stocks are outperforming the asset itself. Despite a declining trend in holdings across public miners throughout 2022, public miners grew their hash rate by 129% over the last year, a significant driver of overall hash rate expansion.

With network hash rate pushing to new highs, the next difficulty adjustment is projected to be +12.0%, likely occurring on February 25.

Public miners have been among the best performers in the equities markets year-to-date, with shares of Iris Energy leading the way at an impressive 255% gain, and shares of Bitfarms, Hut 8, and HIVE Blockchain following.

This is an excerpt from a recent edition of Bitcoin Magazine PRO, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.
Read Full Article
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🐦 US Government to Shutdown Stablecoins NOT Bitcoin — Twitter Spaces
 
🎡 Wheel of Fortune Spins The Allies Into All Lies — The Breakup with @countbtc.

🧬 The Ordinal Loops project is designed to push artistic activism and help end fiat through the latest innovation on Bitcoin’s blockchain.
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💥 Brazil, Argentina

Brazil And Argentina Don’t Need A Common Currency, They Need Bitcoin
By Jack Williams

An undergraduate business administration student and Bitcoiner, Jack Williams, has suggested that Brazil and Argentina should adopt Bitcoin instead of considering a common trading currency.

A Bitcoin-based trading currency would help stabilize trade and boost the economy of the two countries as it offers a shared, objective, cardinal valuation on goods shipped between the two countries that is tied to a digital currency that is not controlled by either government.

Williams believes that Bitcoin has the potential to become a massive economic and political victory for the struggling South American nations and their populations.
Read Full Article

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By @TheBitcoinConf

All it takes to enact change in the world is a group of empowered individuals.

Have a great Thursday,
@BtcCasey
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