This Week in Bitcoin Chris Fisher

Conference hype vs. reality check. Plus, the big banks admit massive KYC/AML failures and then offer worse solutions. Plus, why the Ethereum ETF won't dethrone Bitcoin.

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Asset manager says Trump admin may make Bitcoin strategic reserve assetTrump to deliver potentially ‘historic’ message while at Nashville, TN Bitcoin conference - YouTubeBitcoin as US reserve currency: Trump team reportedly considers adding BTC to Treasury | Kitco NewsBitcoin 2024 - NashvilleEric Balchunas on X: "Here’s BlackRock’s Ether pitch to normiesBanks Find AML “Ineffective”, Propose Access To Social MediaAbout - Wolfsberg GroupWolfsberg Group Statement on Effective Monitoring for Suspicious Activity.pdfHow Money & Banking Work (& why they’re broken today) - Lyn Alden - YouTubePrinciples for Dealing with the Changing World Order by Ray Dalio - YouTubeProton Launches Proton Wallet Alby Hub ✨Lightning sovereignty for everyonehub on GitHubFold Is Set to List on NASDAQ with Over 1000 BTC in Corporate TreasuryACH Bill Pay Rewards – FoldNatalie Brunell ⚡️ on X: Bitcoin is the bridge from chaos to hope.Music:
Cool Summer by Tony Salomone

We're on the verge of a significant shift in Western Central Bank monetary policy, and I'll bring the receipts to back it up. Plus, some interesting data coming out of the Mt Gox and German government selling and a critical project update.

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Fed faces cooling job market and persistently high prices, Powell says to Congress | AP NewsUS economy no longer overheated, Fed’s Powell tells Congress Fed Chair Jerome Powell says ‘some pain’ is on the horizon. April, May revised downGerman Government has sold 76% of its BitcoinEric Balchunas on XMt Gox Repayment Plan PDFWasabi Wallet on X: "We have been informed that a coordinator named WasabiCoordinator is trying to slowly siphon funds from its users using a sophisticated attack.Primal Android v1.0.3BitfinexCelsius is going after over 5000 people that withdrew their money from Celsius within 90 days of their bankruptcy.God Bless Bitcoin Documentary on X: "God Bless Bitcoin OFFICIAL TRAILER!Music
Fiat Prison Blues by Brrreadfan

Fed Chair Powell shifts stance as a new economic picture sharpens. Plus, the new KYC disaster coming to US customers, project updates, and who is selling thousands of Bitcoins this week.

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Treasury, IRS issue final regulations requiring broker reporting of sales and exchanges of digital assetsHoneywell TH6320ZW2007

Lampoharbor: Ecash management toolBOLT 12 | This is how we bitcoin in the future!Twelve CashPhoenix Wallet “New major release!”Median new US home price in BitcoinAndrew Tate announcing his new Scam tokenMeet up along the way: Spokane Meetup - No-Li Brewhouse, Sat, Jul 13, 2024, 4:00 PM | MeetupMUSIC
Charlie by Kurtisdrums

A few widow-makers hanging over Bitcoin this week, and the post-halving miner capitulation has begun. What we're starting to see, and why, when we look back, this will be remembered as a wild week.

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Travis Kling on X: "All at the same timeHashrate continues to fall.When Bitcoin drops to $62K it means miners enter limbo and the first circle of Dante’s Hell.The miner capitulation is over—bitcoin’s next bull run begins. - YouTubeBitcoin (BTC) Miner CleanSpark (CLSK) to Buy Peer Griid (GRDI) for $155M Enterprise ValueFirst-quarter GDP grew a soft 1.4%, but the U.S. economy might have more ‘spring’ in its step - MarketWatchFed Rate Cuts Latest: Favorite Underlying Inflation Gauge Is Seen Cooling - BloombergDashboard | TruflationCalifornia Reveals All Job Gains In 2023 Were Fake Yahoo News clipCarl Louis on X FDIC ThreadMuntiny Wallet: Updates after DNS issues Strike launches in the UK following European rollout Jack Dorsey & Lyn Alden | The Power of Open Source - YouTubeBBC coverage of Bitcoin since 2013Nostr:
Find my Nostr Public Key at ChrisLAS.comMUSIC:
Live While I’m Alive by Abel James

Bitcoin under fire: New mining attacks miss the mark, why Bitcoin’s price stalled, and the critical flaws in Bitcoin Core and LND.

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Promo Code: TWIB

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U.S. national debt will reach $50 trillion by 2034, CBO projectsBillionaires U.S. 2023 | StatistaMain reason why rates will get cut regardless of where inflation will stand. Credit card defaults from small lenders have hit RECORD levels Housing defaults have just hit the highest levels since 2011OG whales have sold over 50,000 $BTC in the past 10 days, totaling approximately $3.30 billion. https://thebitcoinhole.com/hardware-walletsBoltz exchange swap blog post: https://blog.boltz.exchange/p/dispatching-chain-swapsUS SEC ends Consensys investigation into Ethereum 2.0Consensys on X: The SEC has notified us that it is closing its investigation into Ethereum 2.0Energy FUD:
Lieutenant Governor Dan Patrick Attacks Bitcoin Mining with FUDBitcoin mining, AI data centers increasing demand on Texas power grid, leaders say - YouTubeOklahoma Governor signs bill into law that exempts Bitcoin miners from sales tax on electricity billsOklahoma Governor Signs Bill Exempting Sales Tax for Bitcoin MiningJUST IN: Cambridge publicly acknowledges that the age of their Bitcoin mining data leads to “an overestimation in our emission estimates by ~25%”BEEST (Bitcoin Energy & Emissions Sustainability Tracker)Bitcoin Core v27.1: Bug Fixes & Performance ImprovementsLND Versions Prior to v0.17.0 Vulnerable to LND Onion Bomb DoS AttackBitBanana: Lightning Node Management for AndroidFinal Clip of the Week:
T-Mobile mining Bitcoin soonTelecom Giant and T-Mobile (TMUS) Parent Deutsche Telekom Plans to Mine BitcoinMusic
Runnin’ by Charley T

A new must-pass bill gives the President of the United States the power to block any Bitcoin transaction. Also, thoughts on the Fed rate and why Bitcoin Miner Bitfarms is preparing a “poison pill” strategy.

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Promo Code: TWIB

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New law grants US president power to block digital asset accessSenate Bill Could Open Crypto to U.S. Sanctions, but Industry Trying to Head It OffText - S.4443 - 118th Congress (2023-2024): Intelligence Authorization Act for Fiscal Year 2025 | Congress.gov | Library of CongressPowell Admits The Biden Admin Is “Overstating” JobsPhiladelphia Fed Admits US Payrolls Overstated By At Least 800,000Wall Street Admits The Biggest Economic Shocker: All Jobs In The Past Year Have Gone To Illegal AliensBitfarms Adopt ‘Poison Pill’ Strategy to Fend Off Hostile Takeover by Riot Platforms (UPDATED)The decision follows Riot Platforms’ recent disclosure that it has acquired a 12% stake in Bitfarms, as well as a rejected $950 million acquisition offer.Music
Give My Life by Minno