Senators Target Privacy
U.S. Senators Elizabeth Warren and Roger Marshall have introduced the "Digital Asset Anti-Money Laundering Act Of 2022,” which would create KYC requirements for bitcoin wallet platforms and miners, stop financial institutions from interacting with mixing platforms like CoinJoin, and potentially categorize bitcoin nodes as money service businesses. 
📝 Today's Rundown
  • 👎 Warren Getting It Wrong: The introduced bill would be disastrous for privacy.
  • 🇯🇵 Japan's Largest Power Company Mining Bitcoin: TEPCO Power Grid is deploying bitcoin mining operations.
  • 🇳🇬 Running A Bitcoin Node In Nigeria: How much it costs, and how to mitigate those costs.
Learn More
👎 Warren Getting It Wrong

Sen. Elizabeth Warren Introduces Sweeping Anti-Privacy, Anti-Freedom Bitcoin Bill
By BtcCasey

U.S. Senators Elizabeth Warren (D-Mass) and Roger Marshall (R-Kan) have introduced the "Digital Asset Anti-Money Laundering Act of 2022," a bill that would require custodial and self-custodial wallet providers and miners to implement know-your-customer (KYC) systems and would prohibit financial institutions from interacting with privacy tools like CoinJoin.

The bill would also allow regulatory bodies to file reports and surveil users without needing a warrant or government request. Blockchain advocacy group CoinCenter has called the bill "the most direct attack on the personal freedom and privacy of cryptocurrency users and developers we've yet seen."
Read The Full Article

🇯🇵 Japan's Largest Power Company Mining Bitcoin

Japan’s Largest Power Company, TEPCO, To Mine Bitcoin With Excess Energy
By Namcios

Tokyo Electric Power Company (TEPCO) is partnering with local semiconductor company TRIPLE-1 to mine bitcoin using excess energy across Japan.

The partnership is aimed at monetizing surplus power, with a pilot project set up on the premises of TEPCO Power Grid's office in Tokyo. The power company is still dealing with the aftermath of the 2011 Fukushima nuclear reactor disaster and is looking for ways to increase profitability. It joins a number of major global energy companies in using excess energy to mine bitcoin.
Read Full Article
Purchase Tickets Here

📰 The Daily Bits
🕶️ Check out Bitcoin Magazine PRO's Dylan LeClairon RealVision, discussing FTX and Bitcoin.

💡 Critics have suggested that the collapse of FTX demonstrates flaws with Bitcoin, but this is a misunderstanding of its fundamentals.

🏦 The Federal Reserve has raised interest rates, this time by 50 basis points.

👉 Be sure to catch the latest episode of Bitcoin Magazine LIVE on YouTube.
Learn More

🇳🇬 Running A Bitcoin Node In Nigeria

The Costs Of Running A Bitcoin Node In Nigeria
By Chinedu

Bitcoin full nodes are essential to the decentralization of the network. They are also a key component of private usage of Bitcoin. If you aren't running your own node, you are inherently trusting someone else's node. 

This article details the average costs of obtaining the materials to run a Bitcoin node as well as the cost of the electricity to download the software and blockchain. 

The more people that run nodes throughout the world, the better. A key aspect of maintaining this decentralization is keeping the cost of acquiring and running a full node low. 
Read Full Article

MEME OF THE DAY 

By RunTheChain

Ah, Mr. Wonderful. If only he had seen through Sam Bankman-Fried's scam like he sees through so many of the fickle trinkets presented on Shark Tank. 
Copyright © 2022 BTC Media, All rights reserved.

View in Browser

You are receiving this email because you opted in via our website. Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.
PODCAST   JOBS   SHOP