Rabbit Hole Recap: Bitcoin Week of 2021.06.07

<p>This week Marty and Matt discuss:</p> <p>- El Salvador declares bitcoin legal <a href="https://youtu.be/VVDNEnRAZU4?t=27927">tender</a> </p> <p>- Legal tender move pissed off <a href="https://www.bloomberg.com/news/articles/2021-06-10/imf-sees-risks-in-el-salvador-law-making-bitcoin-legal-tender">IMF</a> </p> <p>- VOLCANO <a href="https://twitter.com/nayibbukele/status/1402680890057166858">MINING</a> </p> <p>- DOJ seizes 63.7 bitcoin connected to Colonial Pipeline ransomware <a href="https://www.justice.gov/opa/pr/department-justice-seizes-23-million-cryptocurrency-paid-ransomware-extortionists-darkside">attack</a> </p> <p>- Global bank regulators propose burdensome bitcoin capital <a href="https://www.reuters.com/article/idUSL5N2NR51V">rule</a> </p> <p>- White House advisor disclosures million dollar bitcoin <a href="https://www.politico.com/news/2021/06/07/white-house-tech-critic-bitcoin-492093">position</a> </p> <p>- Blockstream and Square announce solar mining <a href="https://blockstream.com/2021/06/05/en-blockstream-and-square-inc-join-forces-for-solar-powered-bitcoin-mining/">initiative</a> </p> <p>- Square announces $5M bitcoin <a href="http://assets.ctfassets.net/2d5q1td6cyxq/5dY4gGAuGIRuVy6haR9KQ5/cf8605caeba5ef563651a8950b660048/Racial_Equity_and_Social_Impact_Investment_Memo.pdf">endowment</a> </p> <p>- Rumors that Indian Government will be more positive toward bitcoin going <a href="https://www.newindianexpress.com/business/2021/jun/10/after-el-salvador-india-may-move-to-classify-bitcoin-as-an-asset-class-2314097.html">forward</a> </p> <p>- Bitmex extends Gleb Naumenko <a href="https://blog.bitmex.com/renewal-of-gleb-naumenkos-bitcoin-developer-grant">grant</a> </p> <p>- Microstrategy announces new private <a href="https://www.microstrategy.com/en/investor-relations/press/microstrategy-announces-proposed-private-offering-of-400m-of-senior-secured-notes_06-07-2021">offering</a> </p> <p>- Bitfinex invests in <a href="https://medium.com/hodl-hodl/bitfinex-supports-bitcoin-ecosystem-in-collaboration-with-hodl-hodl-be8a03f505f7">HodlHodl</a> </p> <p>- Ledger raises $380 <a href="https://www.theblockcrypto.com/post/107775/ledger-380-million-series-c-raise-dan-tapiero-10t-fund">million</a> </p> <p>- FBI ran an encrypted phone network 'Anom' with a <a href="https://www.vice.com/en/article/akgkwj/operation-trojan-shield-anom-fbi-secret-phone-network">backdoor</a> </p> <p>- Apple announces new 'private relay' trust minimized <a href="https://www.businesswire.com/news/home/20210607005653/en/Apple-Advances-Its-Privacy-Leadership-with-iOS-15-iPadOS-15-macOS-Monterey-and-watchOS-8">VPN</a> </p> <p>Shoutout to this week's sponsors.</p> <p>Cash App. Start #stackingsats today. Use the promo code: "stackingsats" to receive $10 and contribute $10 to OWLS Lacrosse when you download the app.</p> <p>Unchained Capital. Check out their <a href="https://unchained-capital.com/the-vault-concierge-onboarding-package/">white glove vault concierge service</a> that will take you from zero to secure multisig setup in no time. Use the code TFTC and receive $50 off that package that includes 2 Trezor Model Ts and $1,000 in your vault.</p> <p>HodlHodl. Lend at Hodl Hodl is a new non-custodial bitcoin backed lending platform, that allows peer to peer lending and borrowing between users, globally, anonymously & on your own terms. Create you offers & set your own terms on <a href="https://lend.hodlhodl.com/">lend.hodlhodl.com</a></p> <p>Braiins. <a href="https://braiins.com/">Braiins</a> are leaders in the mining industry; running Slush Pool, creating firmware to make miners more profitable (Braiins OS+), and building out Stratum V2 to help further decentralize mining and make Bitcoin more robust. Check out their <a href="https://insights.braiins.com/profitability-calculator">mining profitability calculator</a>.</p>