Jack Dorsey Commits $21 Million to Bitcoin Development Efforts

Jack Dorsey, co-founder of Twitter (now X), donated $21 million to OpenSats, a non-profit organization, through his #startsmall initiative.

This donation is part of his broader support for Bitcoin and decentralized social media, viewing Bitcoin as integral to the internet... Read more here.

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It's really big amount compared with $100K by tether and $3.6M by CoinBase. I think it's also worth 100% of the donation goes to Bitcoin development, since they have separate funds/donation for operational task. Your opinion is greatly appreciated.

Bitcoin historian creates lore website tracking memes

Blockstream’s marketing and communications director Fernando Nikolić has created a new website to track some of Bitcoin’s most popular memes and lore. At launch, Know Your Bitcoin Meme displays a gallery of a few thousand viral images and attributes them to X (formerly Twitter) users.

“Culture drives change, and memes change culture,” said Nikolić in a statement to Protos. “Bitcoin’s history is written in memes and will continue to do so. So I felt compelled to create this ‘Great Library of Alexandria’ on the web as a nod to the culture and give everyone access to contribute to it.”... Read more here.

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I checked the website briefly, but it's very clear the website is still in early stage. Using it's search feature, i couldn't find meme related with doge or classic "magic internet money" either. So at this stage, i feel this website is just Bitcoin meme crawler from social media. In case you're wondering why i didn't share this news on "Bitcoin News & Updates" board, it's because the website show some non-Bitcoin memes. Your opinion is greatly appreciated.

Crypto Sleuth Uncovers: 12 Solana Meme Coins Ditched After $26.7M Presale, Founders Under Scrutiny

Solana has seen immense growth over the past few months, and some of this comes on the back of the recent memecoin craze. Solana has cheap transaction fees and high speeds and is the ideal playground for anyone with a basic understanding, creating their own memecoin.

It seems that has brought many shady actors to the scene, as crypto-sleuth ZachXBT reports... Read more here.

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The news also state that there were 27 meme coins presale on Solana since last month, which mean 44.4% of them has been abandoned. I wonder how many of them will be ditched in next year. Your opinion is greatly appreciated.

Binance Could Come Back to India by Paying $2M Fine: Report

Binance, the cryptocurrency exchange that was removed from India some months ago, is looking to re-enter India by paying a $2 million fine, the Economic Times reported on Thursday.

Earlier this year, Binance and some other exchanges were removed from the Apple Store in India after India’s Financial Intelligence Unit (FIU) sent them compliance show cause notices... Read more here.

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$2 million is small amount for Binance, so it's not surpirsing they simply decide to pay the fine. IMO it's also possible they lose more money due to ban by India early of this year. Your opinion is greatly appreciated.

IMF Demands Changes to El Salvador's Bitcoin law: Report

The International Monetary Fund (IMF) is reportedly demanding changes to El Salvador's pro-Bitcoin law, hindering the country's attempts to secure a $1.4 billion credit line as reported by Infobae.

El Salvador made history in 2021 by adopting Bitcoin as a legal tender under President Nayib Bukele. The country has since bet big on Bitcoin, building Bitcoin reserves, mining BTC, and launching educational initiatives. Read more here.

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It's not surprising when IMF did same thing some years ago. They also doesn't acknowledged El Salvador finally gain profit after putting a bit of their reserve in to Bitcoin few years ago. Your opinion is greatly appreciated.

As you might know, Bitcoin sometimes got criticized due to relative high TX fee and small block size. Despite SegWit upgrade which allow a bit bigger block size (up to 1 vMB or 4 kWu/million weight), some people feel it's not enough and there's need for bigger block size. While other option such as LN and sidechain exist, there aren't many service or wallet which support either those. Now here are my question,

1. Do you support increasing Bitcoin maximum block size?
2. If yes, what factor should be considered when choosing new maximum size?

Crypto Exchange KuCoin Violated Anti-Money Laundering Laws, U.S. Charges

U.S. federal prosecutors charged crypto exchange KuCoin and two of its founders with violating anti-money laundering laws on Tuesday, saying the exchange operated in the U.S., lied to at least one of its investors about operating in the U.S. and failed to both register with U.S. government entities and maintain an anti-money laundering program. Read more here.

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It seems KuCoin got accused due to optional KYC/AML measure. I recall similar thing happened with Binance last year which made the former CEO resigned. Your opinion is greatly appreciated.

Today while reading news, i found a review for a film titled "Bitcoiners"[1].  While the the film isn't out yet, the review state it focus individual rather than on bigger scale which caught my interest. Looking at their website[2], it seems the focus of film is American Bitcoiner[3] which may not very relatable to some of us. But since it's paid film (at $6.15)[4], i probably will wait for more reviews before deciding to buy it or not.

[1] https://www.btctimes.com/insights/bitcoiners-film-review
[2] https://bitcoinersmovie.com/
[3] https://bitcoinersmovie.com/about/
[4] https://bitcoinersmovie.com/product/bitcoiners-movie/