You can also stay up to date by following us on Twitter, Instagram, and YouTube!
In our Friday articles, we take a deep dive into the current state of Bitcoin. Every Friday we will continue to publish brief State of Bitcoin newsletters to keep subscribers up to date on news from the Bitcoin industry. For full disclosure, Brandon is a strong believer in Bitcoin and has allocated portions of his portfolios to BTC (HODL baby).
Top stories from the week:
Strike brings remittance payments to Africa over LN: One of the bigger names in the Bitcoin world as a strictly Bitcoin company is Strike. If you have not heard of Strike, Jack Mallers (CEO and Founder) went to El Zonte, a beach in El Salvador to spread the word of Bitcoin and the use of the Lightning Network for remittance payments. Now Strike is bringing the ability for remittance payments to Africa over the Lightning network. At first it was a single country, now it is an entire continent. I have not meanced my words when criticizing Strike as I feel they have made large announcements about adoption in the US and seemingly have not come through with those promises, but this is a big move for adoption outside of the US. Africa as a whole has been oppressed for quite some time, this move could help the entire continent move in the right direction. As more countries get onboarded to Bitcoin, more will prosper.
Rumors on whether SBF will testify: It appears SBF will now testify in Congress, but there was some question for some time whether or not he would because of how connected SBF is. SBF has pictures with Maxine Waters who is leading the investigation against him and FTX, is one of the top donors to the democratic party, and his connections run very deep. To be honest, at this point I do not think he will end up in jail. SBF and his girl Caroline are just walking around in Twitter Spaces and NYC just prancing around like they are not going to get in any trouble. These people are trying to clean up their public image and really do not give a shit that they screwed millions out of money. It is amazing and hope for the sake of humanity this guy can never run a company again.
Craig Wright is still on a rampage: So I’ve detailed the CSW saga over the past few months and I honestly hate giving this guy more air time, but he needs to be stopped. CSW is now attacking Bitcoin developers. Devs generally speaking do not work for much as Bitcoin is not run by a company, there is no CEO, and no budget. Now CSW is saying that these devs stole his code and locked him out of his private keys. I mean c’mon man. This guy is just tossing money around and making life difficult for everyone. Give it a rest. The sad part is, at the end of the day the attorneys are the ones who win the battle.
ATTENTION, ATTENTION! Readers of this newsletter and members of the Green Candle Family I have a VERY special deal for you! CODL Co 10% off your entire order with promo code greencandle. So jump on over to codl.co and use promo code greencandle for 10% off!!
A quick look on chain:
Current price: $171,137
Market Cap: $329.5B
Spent Output Profit Ratio: 0.9791
Current block height: 766694
Mean block interval: 9min. 23sec.
Meme of the Week
What would the BTC community do without memes? Every week on State of Bitcoin, we feature our favorite meme of the previous week. If you create or see a meme that you like and want us to consider featuring it, tag us on Twitter or instagram (both @Greencandleit)! This week we’re featuring a meme I came across from my friend @BitcoinCameron:
Video Version!
For our complete rip, check us out on the pod:
BUTTON
Stay up to date on Green Candle news by following us on Twitter, Instagram, and YouTube!
Happy Friday everyone - get after it this weekend!
Brandon
Disclosure: The authors of this writing hold positions in cryptocurrency mentioned in this article. That cryptocurrency is Bitcoin. The article was written by Brandon Keys and occasionally a guest writer; it expresses the author's own opinions. They are not receiving compensation for it. The information presented in this article is for informational purposes only and in no way should be construed as financial advice or recommendation to buy or sell any stock or cryptocurrency. None of the authors of this article are financial advisors. I encourage all readers to do further research and do your own due diligence before making any investments.