No Bullshit Bitcoin Weekly Digest - Block 852152

July 14, 2024 · 11 min · 2319 words

👉 Block 852152: Weekly Digest

Important news of the week without the bullshit.

News

The US Government has agreed to release Samourai Wallet founder William Lonergan Hill (TDev) on bail. His bail conditions allow him to live in Lisbon, Portugal as the case proceeds, but he will need to return to New York when required to appear in court. The case will proceed on September 10, 2024.
Satoshi Nakamoto Institute, Mi Primer Bitcoin, and Summer of Bitcoin projects have been awarded grants from the newly launched OpenSats Education Initiative. Educators, developers, and advocates are welcome to apply for grants here.
Artur Schaback, co-founder of the exchange Paxful, has accepted a plea deal with U.S. prosecutors for failing to establish an effective anti-money laundering (AML) program from July 2015 to June 2019, as required by the Bank Secrecy Act. He is facing 5-years in prison and will be sentenced on November 4.
Bitcoin exchange and derivative trading platform BitMEX pled guilty to violating the Bank Secrecy Act by “willfully failing to establish, implement, and maintain an adequate anti-money laundering (AML) program.” The charges concern the period from 2015 to 2020.
Block announced an agreement to supply Core Scientific with its 3-nanometer (3nm) mining ASICs, representing approximately 15 EH/s of hashrate, with an option for significant volume increases.
Relai, a Swiss-based app for buying bitcoin directly to self-custody, announced that all its users must verify their accounts by October 31, 2024.
The German government has sold off almost all of its 50,000 seized bitcoin. The sales were a part of a standard procedure for assets confiscated in criminal investigations.
The U.S. House voted 228-184 on Thursday in an unsuccessful attempt to override President Joe Biden’s veto of a legislative measure to overturn SEC Staff Accounting Bulletin No. 121. The vote fell short of the two-thirds majority needed to overturn the veto, so the bulletin remains in effect. The SEC is also reportedly working with a “special interest group representing large custody banks” to allow some exceptions to the SAB 121 accounting guidance.
The US Energy Information Administration (EIA) hosted a webinar to assess data collection efforts regarding Bitcoin mining operations in the United States. Industry members suggested a broader survey of data centers, not just miners. The EIA plans to start the survey process this year, incorporating public feedback.
The city of Santa Monica, California, has opened a Bitcoin Office. The city council unanimously voted to pilot the office in partnership with the nonprofit Proof of Workforce, at no cost to the city.
The Republican National Committee (RNC) panel approved a draft of its 2024 party platform, which clearly expresses support for Bitcoin and cryptocurrencies.
Meanwhile, President Donald Trump has been officially announced as a speaker at the Bitcoin 2024 conference, which will take place in Nashville, Tennessee, on July 25-27.
GitLab has warned of a critical vulnerability in its GitLab Community and Enterprise editions, allowing attackers to run pipeline jobs as any other user.
Europol now wants to break mobile roaming encryption. Its latest paper treats home routing not as a useful security feature, but as “a serious challenge for lawful interception.”
EU countries are set to discuss their ‘progress’ on Chat Control in October and are to endorse it by 13th of December, reports former MEP Patrick Breyer.
The Suriname Decentralized Conference, a Bitcoin and Nostr event held in the heart of the Amazon, is scheduled for November 7-9, 2024.
The Human Rights Foundation (HRF) announced the return of the Oslo Freedom Forum (OFF) to Oslo, Norway, on May 26-28, 2025.

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