This Week in Bitcoin - Issue #7

News

1. Canada – Sanctions 34 crypto wallets tied to trucker ‘Freedom Convoy’

2. BlockFi – SEC fines BlockFi $100M for paying people ~8% interest while traditional bank savings accounts pay ~0.06% interest

3. Inflation – US inflation hits a 40-year high of 7.5%

4. Coinbase – Bouncing QR code Super Bowl ad was so popular it crashed the app

5. Cash App – Activating Lightning is the biggest game-changer. It is the tipping point. Exponentially accelerating adoption begins now.

6. TRUST – Coalition of US crypto firms unveils travel rule compliance platform. Founding members include BitGo, bitFlyer, BlockFi, Circle, Coinbase, Fidelity, Gemini, Kraken, Paxos, Robinhood, and others.

7. FBI – Launches new crypto crimes unit

8. Federal Reserve – Top Federal Reserve officials will be barred from owning many securities (stocks, bonds, crypto, etc.) after a trading scandal and a series of prominent resignations

9. Stratum V2 – Can improve bitcoin’s resilience and censorship resistance by giving individual miners, rather than pools, control over transaction selection

10. Mining – Illinois and Georgia have proposed giving tax breaks to bitcoin mining companies

Tweets of the Week

Documenting ₿itcoin 📄 @DocumentingBTC

#Bitcoin took over 40 years of development and research to create. https://t.co/Qr1pt8Ibcf

DHH @dhh

"I still can't believe that this is the protest that would prove every Bitcoin crank a prophet. And for me to have to slice a piece of humble pie, and admit that I was wrong on crypto's fundamental necessity in Western democracies." https://t.co/9smNKyabm0

Bitcoin Magazine @BitcoinMagazine

💥 Former Russia Minister of Finance: Banning #Bitcoin would be like "banning the Internet" 🇷🇺 https://t.co/RAvz8dA86i