This Week in Bitcoin

The surprising legal win Bitcoin scored this week and the brewing battle on the horizon. My three takeaways from the newly released Bitcoin 13F Filings, and great news for Bitcoin mining. Sponsor: http://podhome.fm Promo Code: TWIB LINKS: Tornado Cash Developer Alexey Pertsev Sentenced to 64 Months in Prison in the Netherlands Lyn Alden on X: “Criminalizing the mere development and publication of code is an ugly precedent. If published in a book or a blog, it would mean the book or blog is illegal. An illegal order of numbers and letters. Very different than actually using code maliciously.” / X Sens. Lummis, Wyden oppose Justice Dept. stance on Tornado Cash charges Casten, Foster, Sherman, Cleaver Introduce Legislation to Temporarily Prohibit Crypto Mixers | U.S. Congressman Sean Casten Text of the Bill PDF IBEX Pay Suspends Services in the United States Asaf Givoli on X: “🚀🌊 #Bitcoin mining in 🇵🇾 #Paraguay just got greener! Using 💯% renewable 💧 hydro-power, we’re not just mining, we’re educating! Join the movement as we power up 📚 #BitcoinEducationacross Latin America. 🌱🙌 #GreenMining #CryptoFuture #BTC https://t.co/3zbz3k1ggv” / X Daniel Batten on X: “Another nation state leader attests to the benefits of bitcoin mining Kenya has 10 GW of geothermal energy alone, 9 GW of which is completely untapped Bitcoin mining can unlock Kenya’s energy abundance, bringing renewable energy online that otherwise would have been unviable” / X Bitcoin Archive on X: “BREAKING: 🇦🇷 Argentina to mine #Bitcoin using stranded gas with 1,200 bitcoin mining machines - Forbes 🔥 https://t.co/IWSxpH5okP” / X Three takeaways from Bitwise CIO’s weekly memo to investors. The State of Wisconsin Investment Board reports the following positions: BlackRock Bitcoin ETF: $99,167,688 (2,450,400 shares) Grayscale BTC: $63,687,310 (1,013,000 shares) This is a small part of a massive…" bordalix/helm-wallet: The lightning wallet even your grandma can use Music I Need a Little by The Retrograde

The seven reasons Bitcoin's price is tanked, updates on the Samurai Indictment, and why the godmother of Modern Monetary Theory thinks it's childish for governments to be held to budgets. Sponsor: http://podhome.fm Promo Code: TWIB LINKS: JPY/USD: Japanese Yen’s Slide and Dramatic Rebound Are Just the Start - Bloomberg Japan is wrong to try to prop up the yen Bitcoin (BTC) Trades At Slight Premium in Yen (JPY) Terms Amid Suspected BOJ Intervention Yen Drops to 155 against USD. Currency Collapse at Work, -32% against USD since 2021, -50% since 2012 | Wolf Street DOJ says Roman Storm did much more than just write code in response to defense’s dismissal motion | The Block Microsoft Word - Tornado Cash Govt Opp to Motions vF.docx Samourai Wallet Co-Founder Keonne Rodriguez Pleads Not Guilty, Released on $1M Bond Alert on Cryptocurrency Money Services Businesses Warren and Cassidy Send Bipartisan Letter to DOJ and DHS to Stop Crypto in the Illegal Trade of Child Sexual Abuse Material | U.S. Senator Elizabeth Warren of Massachusetts Fed rate decision May 2024: Fed holds rate steady Federal prosecutors are examining financial transactions at Block, owner of Cash App and Square Trampoline payments Final Clip of the Week Author Stehpanie Kelton goes on the Daily Show to make case for MMT and why governments shouldn’t have the same financial constraints of “businesses and households” Music Self Destruct by The Trusted

The Samourai Wallet founders were arrested, what we know at this point, as well as El Salvador's Chivo Wallet hack. Plus, some good news for Bitcoin's improvement proposal process, my thoughts on the Epic halving sat bidding, and why Runes won't go away anytime soon. Sponsor: http://podhome.fm Promo Code: TWIB LINKS: Epic halving sat Bidding Samourai Wallet Founders Arrested and Charged With Money Laundering Southern District of New York | Founders And CEO Of Cryptocurrency Mixing Service Arrested And Charged With Money Laundering And Unlicensed Money Transmitting Offenses | United States Department of Justice [bitcoindev] Adding New BIP Editors El Salvador’s Chivo Wallet Source Code & VPN Access Leaked WalletScrutiny - Know your wallet like you built it. Zeus v0.9.0-alpha1 Jack Mallers on X: "Announcing Strike Europe 🇪🇺 Bullet Proof Stacker Self-Custody Links: Buy Sats on River Learn RoboSats AQUA Wallet Sparrow Bitcoin Wallet - Sparrow Wallet Green: Bitcoin Wallet on the App Store Music Play Guitar by Doerfel Family Bluegrass

The Bitcoin halving is here, but are Runes crashing the party? I'll explore how the halving could impact Bitcoin mining, the macro signs that indicate short-term price swings are probable, and why everyone is concerned Runes might cause a spike in transaction fees. [[podhome]] LINKS: Runes – Casey Rodarmor’s Blog Bitcoin Suddenly Braced For A $35 Trillion Halving Price Earthquake A bitcoin halving is imminent. Here’s what that means. - CBS News What bitcoin halving could mean for investors and miners Blockstream Green: Simple and secure Bitcoin wallet AQUA Wallet River Referal Link Learn RoboSats What is KYC Craig Wright Discontinues Tulip Trading Case in Major Win for Bitcoin Developers 🚨 attention lnd node operators that have upgraded or are considering upgrading to bitcoind 27 🚨 US Senator Cynthia Lummis says high ranking government officials feel threatened by Bitcoin - YouTube MUSIC: Leave It Alone - June & The Jets

Roger Ver has presented an alternative narrative about Bitcoin's history. I've read it, so you don't have to. Why he's trying to regulate the blocksize wars, and my response to his claims that Bitcoin's true potential has been stolen. Sponsor: http://podhome.fm Promo Code: TWIB **LINKS: ** Recent Interview w/Roger Ver Inside The Blocksize Wars with Adam Back and Jonathan Bier - YouTube This Week in Coins: Bitcoin Ends on a Downer as Rival Bitcoin Cash Shines - Decrypt Bitcoin: Supply Last Active 5+ Years Ago - Glassnode Studio Bitcoin: Supply Last Active 2+ Years Ago - Glassnode Studio bips/bip-0101.mediawiki at master · bitcoin/bips Mutiny Wallet v0.6.2: Federated Lightning Addresses for Mutiny+ Users ZEUS v0.8.3 is now available Amazon.com: The Blocksize War: The battle over who controls Bitcoin’s protocol rules Music: So Many Years by TJ Wong

More pro-Bitcoin voices are featured, but are some wolves in sheep's clothing? I'll examine the Pomp Problem and the Bitcoin beachhead spreading from state to state. Why the market bracing for higher inflation for longer, is not great news for Bitcoin in the short term. Sponsor: http://podhome.fm Promo Code: TWIB Links: It’s a Higher-for-Longer World for Rates, and That’s OK - WSJ Weekly market commentary | BlackRock Investment Institute Fed chair: Focusing solely on inflation is “no longer appropriate” - Marketplace Fed officials consider leaving rates higher for longer | The Hill Fed Chair Powell Wants Inflation to Cool More - The New York Times The State of Louisiana Passes a Bill To Protect Your ‘Fundamental Bitcoin Rights’ Satoshi Action Fund Bitcoin’s risk/reward ratio will blow your mind - YouTube BlockFi’s Rise and Fall: A Timeline Mr. 100" bought 100% of new supply of Bitcoin over the last 2 days Mutiny Wallet v0.6.1: New Home Screen, Nostr Profile Setup, Federation Discovery & Recommendations Vulnerabilities exploited in the wild fixed based on GrapheneOS reports - GrapheneOS Discussion Forum Coinbase Selects Lightspark for Lightning 🔄 Lightspark’s SDKs, APIs, and developer tools streamline Lightning Network integration, while Lightspark Predict optimizes liquidity requirements and routing in real time. 🔐 Coinbase will use Lightspark’s remote-key signing implementation, allowing Coinbase to benefit from a scalable and reliable node infrastructure without managing Lightning keys. This seems to be after a team internally looked at standing up Lightning. This was the guy formerly in charge of implementing Lightning at Coinbase 💀 Tether Awards $100K Grant to BTCPay Server Foundation Resource of the Week: Bitcoin Halving Countdown Clock Music:

Blackrock's CEO has become openly bullish on Bitcoin, why he's taking a victory lap this week. This halving will actually be different, and I'll make the case why. Plus, a new project that could replace Lightning for the plebs. Sponsor: http://podhome.fm Promo Code: TWIB Links: 2024 Halving: This Time It’s Actually Different SEC scores big win in lawsuit against crypto exchange Coinbase Joe Carlasare on X - SOL deflationary statements Brian Armstrong 🛡️ on X Hedgehog: Protocol for Asynchronous Layer 2 Bitcoin Payments hedgehog on GitHub The Future of Warfare | Jason Lowery | TEDxDAU - YouTube Softwar: A Novel Theory on Power Projection and the National Strategic Significance of Bitcoin: Lowery, Jason Paul: 9798371524188: Amazon.com: Books US National Defense Fellow at MIT, Major Jason Lowery: Blaming Bitcoin to protect your failing hegemony is not going to help you Music: Money Maker

The first shots were fired in the battle to bring the rest of "crypto" to the ETF market—the impact on Bitcoin and why the SEC might not be the hero we need. Plus project updates, the historically bad week for one Bitcoin ETF, your boosts, and more. Sponsor: http://podhome.fm Promo Code: TWIB Links: SEC probing crypto companies in Ethereum investigation as hopes for ETF dim Sale of the Century: The Inside Story of Ethereum’s 2014 Premine GBTC getting a ‘second wind’ of outflows, $1.4b this week along, now double any other ETF in outflows YTD in a day when GBTC saw record liquidations (to meet bankruptcy obligations of Genesis and others) and when bitcoin tumbled, Blackrock’s IBIT saw a surge of inflows. ETF demand is relentless and price indiscriminate RoboSats v0.6.0-alpha: The Federation Layer Bisq 2 AMA Music Hodl.80 IQ.Patriot on X: “This is awesome”

This week, we'll discuss the high-signal mind virus spreading around the community, why the Saylor strategy has Jim Cramer salty, the final word on ETF centralization, and if we should stop calling it the Blockchain and start calling it the Timechain. Sponsor: http://podhome.fm Promo Code: TWiB **Links: ** Bitcoin Atlantis – A Bitcoin conference in the Atlantic Bitcoin Is Time | dergigi.com 21 Ways - 21 Ways To Look At Bitcoin Jack Talk Mallers on X Lawrence Lepard Bitcoin Flips Silver Pierre Rochard on X: "BREAKING: the Biden Administration is cancelling the fake #Bitcoin mining “emergency” Michael Saylor: Bitcoin’s ‘Gold Rush’ Has Started: 2024-2034, Why Smart Money is Buying #Bitcoin - YouTube Dennis Porter on X: "ARIZONA SENATE PASSES RESOLUTION TO CONSIDER ADDING THE #BTC ETF TO AZ STATE PENSIONS Lyn Says the ETFs are like an API for Fiat Time Chain calendar . Com BTC Minstrel - | What Shall We Do With Michael Saylor

Has Jeff finally got Bitcoin FOMO? I'll look at the numbers that's got everyone speculating. Then, my thoughts on the White House's next attack on Bitcoin and the notable shift in the public store of value debate. **Show Notes: **White House Flags Bitcoin Mining as Major Power Grid Burden Fox Biz Reporter talks with WH Miners’ bitcoin production dipped in January amid energy curtailment - Blockworks How Bitcoin mining stabilized the grid and saved Texans $18Billion Bitcoin Energy FUD Busting 3 Indy Institutes in just six months with research showing Bitcoin supports renewable transition Potential Reprieve for Bitcoin Miners With Upcoming Difficulty Adjustment Demand Response And Curtailment Through Bitcoin Mining Updates: GrapheneOS v2024 022 300: New Setup Wizard, New Color Schemes Completely new GrapheneOS Setup Wizard implementation for the initial setup of the device and secondary user profiles; Theme Picker: update color schemes including adding the monochromatic colorscheme option; Sandboxed Google Play compatibility layer: add support for Android Auto 11.3 Sandboxed Google Play compatibility layer: add developer functionality for updating Android Auto via the Play Store for testing; Blockstream Green Wallet Desktop v2.0.0: New UI and UX New UI and UX: the user experience has been simplified and streamlined with a more polished, intuitive interface for easier access to key features; All-in-one UX: use your existing wallets for both your Bitcoin and Liquid accounts across singlesig and assisted multisig. You have the flexibility to choose whether to combine Bitcoin and Liquid accounts or not, and thus to organize your mainchain and second-layer stacks as you deem fit.; Simpler onboarding for new Jade users, minimizing ambiguity and errors during the initial setup; Sign with address to prove its ownership. PricedInBitcoin21 The Bitcoin Company Promo Link