A rule in Nigeria banning financial institutions from facilitating cryptocurrency activity has elicited a range of reactions from citizens. Using the framework of German Philosopher Georg Hegel, Bitcoin’s battle with fiat will reach an inevitable synthesis. In a recent meeting via IRC, the Bitcoin development community discussed and debated methods for activating Taproot. Shortly before Tesla revealed its major bitcoin buy, CEO Elon Musk was pumping doge. But is that funny, or just disingenuous?
CAN'T STOP THE SIGNAL
Bitcoin Will Persist In Nigeria, But The Ban Changes Things
Luxor Technologies, a North American firm that offers a range of bitcoin mining services, raised $750,000 in pre-seed fundraising. The bitcoin price reached $49,000 this week, fueled by a slew of major adoption events. So, what could be next? A proposal from Miami’s Mayor Suarez to integrate bitcoin into city operations has received support from city commissioners.
BOOTSTRAPPING DEVELOPMENT
Jack Dorsey, Jay-Z Launch Bitcoin Development Endowment
Purpose Investments has announced that its bitcoin ETF has received regulatory approval in Canada. In a remarkable acknowledgement of Bitcoin’s power over the fiat system, a Nigerian senator conceded to hyperbitcoinization. The custodian of more than $41 trillion in assets plans to hold, issue and transfer bitcoin on behalf of clients. North American bitcoin mining operation Compute North announced a $25 million capital round, allowing for the expansion of its business. “Blue Ridge Bank has announced that for the first time in U.S. history a commercial bank is providing access to Bitcoin at its branch locations.”
AUDIO AND VIDEO
Discussing Bitcoin Softchains, Sidechains Using PoW Fraud Proofs
Erik Voorhees joined the “Bitcoin Magazine Podcast” to discuss his history with Bitcoin and outlook on the larger decentralized finance ecosystem. Math Cannot Be Banned joined “Meet The Taco Plebs” to discuss his Bitcoin journey and the importance of storing your value in something finite. Nik Bhatia joined “Fed Watch” to discuss his book “Layered Money,” how Bitcoin fits into the history of money and CBDCs.
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