Episode notes
Discount link: https://www.hardblock.com.au/join/ozbitcoinpod
Hosts:
https://twitter.com/mission_bitcoin
https://twitter.com/danWilcz
Sponsored by HardBlock: https://www.hardblock.com.au
Notes
Bitcoin price crash, Celsius liquidations, and the benefits of DCA'ing and avoiding leverage
GLOBAL
US annual CPI rose to 8.6% in May: https://www.bloomberg.com/news/articles/2022-06-10/us-inflation-unexpectedly-accelerates-to-40-year-high-of-8-6
Federal Reserve raised interest rates to a new level of 1.5%: https://www.msn.com/en-us/money/markets/to-fight-sky-high-inflation-the-federal-reserve-just-raised-interest-rates-three-times-faster-than-usual-e2-80-94-and-the-most-since-since-1994/ar-AAYvisU
Cynthia Lummis has introduced a bitcoin and crypto bill that includes recognising bitcoin as a commodity: https://bitcoinmagazine.com/business/heres-whats-in-senator-lummis-bitcoin-bill
Alex Gladstein and human rights advocates from 20 countries across send letter to US Congress: https://www.financialinclusion.tech/
China bank protest (due to deposit ‘bail in’) stopped by COVID ‘health app’ turning red:
https://www.reuters.com/world/china/china-bank-protest-stopped-by-health-codes-turning-red-depositors-say-2022-06-14/
http://lifeweek.com.cn/article/165940
Bank of Canada (ie, the Canadian central bank) reported that the number of Canadians holding bitcoin doubled from 2020 to 2021: https://finbold.com/bank-of-canada-number-of-canadians-holding-bitcoin-doubled-in-2021/
Gazprom (third-largest oil producer in Russia) is partnering with BitRiver (a bitcoin mining company) to mine bitcoin with its excess oil resources: https://bitcoinmagazine.com/business/gazpromneft-partners-with-bitriver-to-mine-bitcoin
Majid Al Futtaim Group (a retail giant) will soon accept bitcoin payments in 29 of their shopping malls and 13 hotels in Dubai: https://twitter.com/BTC_Archive/status/1533744002083717120?s=20&t=uX2R0sTg3ZELVdmFKDjz1A
Octagon Networks (an American cybersecurity firm) has converted its entire balance sheet into bitcoin: https://bitcoinmagazine.com/business/octagon-networks-converts-full-balance-sheet-into-bitcoin
AUSTRALIAN
Reserve Bank of Australia has raised interest rates for the second month in a row, increasing by 50 basis points to 0.85% https://www.msn.com/en-au/news/australia/rba-hikes-interest-rates-for-second-month-in-a-row/ar-AAY9IEG
TECHNICAL
2022 Lightning Network Summit summary: https://lists.linuxfoundation.org/pipermail/lightning-dev/2022-June/003600.html
Hacker claims to have extracted Telegram data including incriminating messages from prominent crypto influencers involved in pump and dump schemes: https://www.twitlonger.com/show/n_1ss24a6
Jack Dorsey (Block, Inc) released further detail about TBD, a bitcoin-based decentralized exchange: https://bitcoinmagazine.com/business/jack-dorseys-tbd-presents-bitcoin-based-decentralized-web5
SethForPrivacy releases a technical summary of bitcoin privacy-related improvements: https://bitcoinmagazine.com/technical/list-of-bitcoin-privacy-proposals
OXT Research updates their chain analytics visualiser to include better wallet fingerprinting information: https://medium.com/oxt-research/oxt-update-38591f4050d9
Bitcoin hash rate reached a new all-time-high of around ~241 exahash per second: https://insights.braiins.com/en/
Lightning Network capacity reaches an all-time-high of 4000 BTC: https://btx.com.au/bitcoin-lightning-network-capacity-charges-through-4000-btc/
