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₿ Maxi Satoshi
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Just another ₿ Maxi - 3 topics I would post here: #Bitcoin , general economics, geopolitics and memes. Everyone loves memes and some generated AI images

#Nigeria gov. detains #Binance employees from the #UnitedStates and #UnitedKingdom and confiscates their passports.

Allegations against Binance and other crypto exchanges include aiding currency speculation and forex market manipulation

https://www.dlnews.com/articles/markets/nigeria-detains-two-binance-employees-as-probe-heats-up/

#Bitcoin #memenostr

Edward #Snowden on #Bitcoin

Due to what’s going on with #Ukraine-Russia conflict, I thought to provide some information on regards specifically to the hash-rate. #Russia share in the global #Bitcoin hashrate is significant, with estimates varying slightly across sources. As of the latest data, Russia accounts for over 11% of Bitcoin's global hashrate[2]. However, projections suggest that Russia's share could rise to as high as 18% in the near future, amounting to approximately 3.95 GW of #electricity consumption[1]. This increase in mining capacity has positioned Russia as the world's second-largest #cryptocurrency mining country, with a generating capacity of 1 gigawatt in January-March 2023[3][4]. Despite regulatory restrictions on cryptocurrency use in Russia, the country has leveraged its energy resources and cold climate to become a prominent player in the #crypto mining industry. The growth of crypto mining in Russia is attributed to factors such as utilizing associated #petroleum #gas (APG) for mining operations and attracting interest from major Russian #oil and gas companies[2].

Citations:

[1] https://news.bitcoin.com/russia-may-take-up-18-of-bitcoin-hashrate-in-next-big-migration-of-crypto-miners-experts-say/

[2] https://crypto.news/sanctioned-mining-firm-bitriver-sees-crypto-interest-surge-among-russian-oil-majors/

[3] https://www.themoscowtimes.com/2023/04/07/russia-becomes-worlds-second-largest-crypto-miner-a80749

[4] https://forkast.news/russia-2nd-biggest-bitcoin-miner-after-u-s/

[5] https://cryptonews.com/news/experts-why-russia-becoming-crypto-mining-hotspot.htm

#Cuba Marxist–Leninist socialist government to raise fuel prices by 500% on March 1.

Coinbase stock, $COIN, also crashed 5% in 15 minutes after the outage.

It's hard to build long-term confidence in #Bitcoin  when these issues continue to arise.

It's unclear when this issue will be restored.

The Coinbase, $COIN, crash just erased $100 BILLION of market cap in #Bitcoin  in 15 minutes.

Between 12:15 PM ET and 12:30 PM ET, Bitcoin fell from $64,000 to $59,000.

This was a near 9% swing in 15 minutes right as many Coinbase users began showing a $0 balance in their account.

It also happened to occur just as Bitcoin was less than 10% away from a new all time high.

Coinbase is reportedly still working on fixing the issue.

halfway through the day and the #Bitcoin   ETFs have beaten their all-time daily volume record, reaching $2.6 billion. Four of these ETFs are now among the Top 20, with $IBIT ranking #4 overall.

#Coinbase, $COIN, crashes with many users showing $0 balance as #Bitcoin  hits $64,000.

After Coinbase crashed, #Bitcoin fell $4,000 in just under 30 minutes to $60,000.

Coinbase released a statement saying "your assets are safe" and that they are investigating the issue.

Bitcoin was less than 9% away from a new all time high prior to the crash.

#Bitcoin 69K here we go again

Jim #Cramer live on television asks, “What has #Bitcoin ever done for mankind?” https://video.nostr.build/40fea79fa44b9dc68c87187b5f84e04e1756b0e4c995853c80169bfd97ad45c4.mp4

Senator Elizabeth #Warren is looking to level the playing field when it comes to #crypto, saying it should have the same regulation as other financial systems https://video.nostr.build/a95bf3404ebd5bcfe578828fe3dc964b9afd87a984b6d65e7989a9cce8c45de8.mp4

Senator Elizabeth Warren is looking to level the playing field when it comes to crypto, saying it should have the same regulation as other financial systems https://video.nostr.build/dd71fda42597f5311ba772216906cf0791503733c5b033e691a94d16fc16cab1.mp4