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Daily News on Bitcoin and Lightning. #BitcoinNews

NEW: Mastermind behind $1.25 million cryptocurrency scam identified as Argentinean 🇦🇷 national Fernando Barbatelli.

Barbatelli is a “well-known scammer” who, through identity fraud, convinced a Chilean 🇨🇱 citizen to send him 20 Bitcoin in promise of a return on his investment.

NEW: Kevin O'Leary rejects Cathie Wood's #Bitcoin price target, saying it implies a 🇺🇸 US economic collapse.

Replying to Avatar Bitcoin News

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NEW: "If I borrow money, who’s the guy to pay me back? And gold and silver – you don’t need that – the same as #Bitcoin, you have no counterparty risk," says Robert Kiyosaki.

Lightning Labs Announces Stablecoins on Bitcoin Lightning Network

Elizabeth Stark: “The stickiest users have been those looking for a stable store of value. In some cases, they’re using BTC. In other cases, they’re using stablecoins, and in some cases, it’s a combination of both.”

https://bitcoinnews.com/lightning/lightning-labs-stablecoin-on-bitcoin/

💥#Bitcoin Street Interview 👀

Watch 🇨🇦 Canadian bros change their tune on #Bitcoin in an instant 😮 https://video.nostr.build/f043829bac4c648f47d85460a2603317b5e829c05a1c7918c77e047c5fb83f1e.mp4

NEW: Marathon's Q1 2024 revenue surged 223% to

💵 $165.2M, and net income skyrocketed 184% to $337.2M.

#Bitcoin production increased 28% YOY, but fell 34% compared to Q4 2023.

JUST IN: 🇨🇳 Chinese fund house Harvest Global Investment, issuer of a #Bitcoin spot ETF in 🇭🇰 Hong Kong, wants to extend the accessibility of its product to mainland China through the Stock Connect program 👀🙌

NEW: 🇯🇵 Japanese firm Metaplanet purchases an additional ~20 #Bitcoin  within a week of Dylan Leclair taking over as head of Bitcoin Strategy, bringing their total to 117 #BTC

NEW: Norwegian government to look into banning #Bitcoin mining, “calling the power-intensive crypto-mining pointless.”

NEW: 205K #Bitcoin sits on OTC desks, similar to levels before the FTX collapse.

This surge in institutional selling activity, historically a sign of a peak, could indicate a near-term top for #Bitcoin price.

NEW: Canaan unveils its new A1566 #Bitcoin miner, touting an industry-leading 18.5J/T energy efficiency ratio for its powerful 185T hashing power.

NEW: 🇺🇸 Senator Bernie Sanders introduces the "Medical Debt Cancellation Act" to eliminate all $220 billion in medical debt held by Americans 😮

BREAKING: Biden Admin would veto proposed legislation that would allow highly regulated financial firms to custody #Bitcoin 😮

BREAKING: 21 Democrats in the House side with Republicans and vote to repeal the SEC’s SAB 121 which bars financial firms from taking custody of #Bitcoin  🙌

On to the Senate next 👀

BREAKING: FTX forecasts that the total value of property collected, converted to cash and available for distribution to creditors in their bankruptcy case will be between $14.5 and $16.3 billion 👀

NEW: 🇦🇷 Argentina releases 10,000 peso bill (worth ~$11) to help citizens avoid carrying bricks of cash amidst 287% annual inflation 😮

NEW: "🇨🇳 China is driving the price of gold.

The flow of gold to China has gone from solid to an absolute torrent."

Could this strong demand also spill over to #Bitcoin if the rumors about an imminent opening of 🇭🇰 Hong Kong ETFs to Mainland China turn out to be true?