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Bitcoin Veterans 1y ago

BTC Daily Intelligence Bulletin (DIB)

Block: 830,580

DTG/ICOD: 0800EST 15Feb24

Precedence: Routine (RR)

Controls: Public Release

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BLUF: Shootout at KC Super Bowl Celebration / Israel Forces Storm Hospital in Gaza / Missouri Passes Pro-BTC Bill / Money Flows out of Gold ETC, into BTC ETFs

Market Data: Price: 1 BTC= $52,365, 26.21 oz Gold, .12 Median US House

24hr Hi: $52,504 / Lo: $51,252

Vol: $36B (Down 13%)

Mkt Cap: $1.03T (Up 1%)

HashRate: 585 EH/s

Avg Fees: 10,148 sats/tx (Down 20%)

Nodes: 17,696

---Reports---

-International Events-

1. Israeli forces storm the main hospital in southern Gaza, saying hostages were likely held there: Israeli forces stormed the main hospital in southern Gaza on Thursday, hours after Israeli fire killed a patient and wounded six others inside the complex. The Israeli army said it was a limited operation seeking the remains of hostages taken by Hamas. (AP)

-US Events-

1. Gunfire at Chiefs’ Super Bowl celebration kills 1 and wounds nearly two-dozen, including children: A historic railway station on the edge of downtown Kansas City became the latest backdrop for a mass shooting as gunfire near the end of the Kansas City Chiefs’ Super Bowl celebration sent terrified fans scrambling for cover and left 21 people wounded — including at least eight children — and a mother of two dead. (AP)

2. Top Republican's cryptic warning of US 'national security threat': Officials in the US have told the BBC's partner there, CBS News, that Russia is developing a nuclear-capable weapon that could take down satellites, thereby knocking out communications. They said there is no evidence a weapon has actually been deployed. The White House has said the threat is not imminent, but that congressional leaders would be briefed this week. Kremlin spokesman Peskov claimed the information was a 'trick' to get Ukraine funding through Congress. (BBC/CBS/TASS)

-Regulatory and Legal-

1. Jerome Powell urges for stablecoin regulatory framework: Fed Chair Powell addressed House Democrats regarding the necessity of a legislative framework for stablecoins. “We need a framework for stablecoins [and I’m] very supportive and am glad that we are close,” Powell said in a closed-door meeting with the House Financial Services Committee. (CryptoNews)

2. South Korea to Expel Crypto Exchanges Failing to Meet Its Stringent Conditions: Cryptocurrency exchanges that fail to meet South Korea’s stringent operating standards will be expelled from the crypto market, the country’s financial intelligence agency has said. The Financial Intelligence Unit said its annual work plan incorporates the insights of cryptocurrency experts serving on its advisory committees.(Bitcoincom)

3. Missouri passes pro-Bitcoin bill: Missouri passes a bill out of committee to protect the right to buy, self-custody, and mine Bitcoin. (SatoshiActionFund on X)

-Institutional Concerns-

1. Gold ETFs see massive outflows as Bitcoin ETFs flourish: Leading gold-tracking exchange-traded funds (ETFs) have encountered substantial outflows totaling $2.39 billion since the beginning of the year. (Cryptopolitan)

-Central Bank Digital Currencies (CBDC)-

1. UCC Amendments: Trojan Horse For Bitcoin Or CBDC Nightmare? Using Tennessee as a recent example, the UCC's amendments, particularly Article 12, aim to provide a robust legal framework that acknowledges the unique nature of digital assets like Bitcoin. These changes are designed to facilitate the use of digital currencies in commerce and lending, but they have paradoxically ignited fears among those wary of increased government control and the specter of CBDCs. (Forbes)

-Economic Indicators-

NSTR

-Technological Updates-'

NSTR

-Security Incidents and Concerns-

1. U.S. Cyber Authorities Investigate 'Binance Trust Wallet' iOS App for Vulnerabilities: A potential vulnerability for the iOS version of "Binance Trust Wallet" has been listed by the National Institute of Standards and Technology (NIST), a U.S. agency that sets best practices and standards for technology and cyber security. The flaw has already been exploited in the wild, according to the database entry. In July 2023, it allowed attackers to guess security words and steal money from digital wallets because of the way it used the trezor-crypto library. (CoinDesk)

-Bitcoin Community-

1. Two Russian Crypto Mining Centers Shut Down, 400+ Rigs Taken Offline: Russian crypto mining efforts suffered a setback last week, with police closing two large, illegal data centers. In total, officers said they took over 400 crypto mining rigs offline in raids in Siberia and the republic of Dagestan. (CryptoNews)

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