No Bullshit Bitcoin Weekly Digest - Block 856136

August 10, 2024 · 9 min · 1826 words

👉 Block 856136: Weekly Digest

Important news of the week without the bullshit.

News

Mutiny Wallet is shutting down. “Our company is exploring alternative products, we’ll be shutting down the wallet at the end of the year but you can still self host,” announced the project. The team cited the difficulties of developing and maintaining a consumer-facing app with limited resources as the key reason for ceasing the project’s maintenance. However, the code remains free and open-source, allowing the community to potentially continue its development.
Dark Skippy disclosure. A malicious signer could use a modified signing function to exfiltrate their master secret seed by embedding it in transaction signatures, as disclosed by utxoclub. This exploit requires the signer to be corrupted through malicious firmware and does not affect hardware wallets that use multisig between the host and signing device.
mempoolfullrbf=1. Full-RBF policy is going to be enabled by default in Bitcoin Core v28.0.
More OpenSats grants. OpenSats, a non-profit focused on funding Bitcoin and freedom tech projects, has announced the sixth wave of Nostr grants, awarding nine projects. The organization has also granted long-term support to Kieran Harkin, who will use it to improve Snort client, and develop native apps for zap.stream, including a new backend to create a marketplace of streaming providers.
Build Asset Management to donate 10% of management fees for open-source Bitcoin developers. The company has committed to donating 10% of management fees from its Bitcoin-backed direct lending fund, Build Secured Income Fund I. The donations will be no-strings-attached and will occur monthly, split equally between OpenSats and the Human Rights Foundation’s Bitcoin Development Fund.
ARK funds open-source Bitcoin developers. ARK Invest is donating a fixed percentage of revenue from its spot Bitcoin ETF (not profit) to non-profits like OpenSats, The Human Rights Foundation, and Brink.
Thunder Funder. Lightning Ventures launched Thunder Funder, a Regulation Crowdfunding portal designed to democratize early-stage investing in Bitcoin and open-source startups for both accredited and non-accredited investors. The platform allows companies to raise up to $5 million annually from the public, according to Bitcoin Magazine.
Semler Scientific buys 101 BTC. The public medical technology company purchased an additional $6 million in Bitcoin, increasing its total holdings to 929 BTC valued at $63 million. Semler adopted a Bitcoin treasury strategy in May 2024.
Metaplanet prepares for more bitcoin shopping. he publicly listed Japanese investment firm has obtained a ¥1 billion ($6.8 million) loan to buy more Bitcoin. This follows its announcement to raise ¥10.08 billion through a stock rights offering, primarily for Bitcoin purchases, reports Bitcoin Magazine.
Norway is set to ban Bitcoin mining without public consultations by the end of the year. The country’s Ministry of Digitalization and Public Administration told The Open Dialogue Foundation that it “has no plans to conduct a public consultation” on a ban on cryptocurrency mining in the country, which is likely coming by the year-end. Norwegian citizens are encouraged to reach out to their government, requesting public consultation and providing arguments about the social benefits of Bitcoin mining.
‘Crypto for Harris.’ The Democrats in the United States have launched the “Crypto for Harris” campaign to engage the cryptocurrency community and counter Donald Trump’s growing influence in the sector.
IMF seeks agreement on fiscal policy with El Salvador. An International Monetary Fund (IMF) mission to El Salvador has released a statement focused on supporting the country’s medium-term growth, all while “mitigating fiscal and financial stability risks related to Bitcoin.”
Qatar to ’legalize digital assets’ by Q4 2024. The country is developing a regulatory framework for digital assets, pivoting from its previous hardline stance against Bitcoin. The Qatar Central Bank banned Bitcoin trading in 2018, citing the need to protect the financial system and consumers.
Russian mining legislation signed into law. As reported, only Russian legal entities and registered individual entrepreneurs can mine legally. Individuals staying within government-set energy limits can mine without registration. The Bank of Russia, Ministry of Finance, and a select cabinet will oversee the mining industry. Additionally, the bill bans mass cryptocurrency advertising in Russia.
Ireland increases its seized bitcoin stash. Irish police have seized €6.5 million ($7.1 million) in bitcoin and monero from three individuals in Dublin arrested for allegedly aiding a dark web and money laundering operation.
Nearly 3000 Bitcoin reserve support letters. A group of citizens has sent nearly 3000 letters to U.S. senators, seeking support the Strategic Bitcoin Reserve legislation.
Craig Wright fails to file a COPA appeal. Faketoshi has not appealed his UK court verdict, despite two of his online accounts claiming he had.
1password Mac users are urged to update. An issue in 1Password for Mac has been identified that compromises the app’s platform security, allowing a local malicious process to bypass inter-process communication protections. This affects all versions of 1Password 8 for Mac prior to 8.10.36 (July 2024), which resolves the issue.
Chaincode Labs is offering a Bitcoin scholarship covering 100% tuition for an undergraduate anywhere in the world. Applications are open until August 31.
CUBO+ is inviting Salvadoran Bitcoin developers to its Devs Generation 2024 program, providing a technical understanding of Bitcoin. The application deadline is August 26.
SATO 🤝 Breez SDK. SATO, a full-service bitcoin computing company, has partnered with Breez to integrate the Lightning network to its newly launched Club Mining app for bitcoin miners.
Swan cancels Pacific Bitcoin 2024. “We’re fully focused on Swan’s core business right now, and after going through a staff reduction last month it just doesn’t feel like the right time for a festival. We aim to be back in Santa Monica next year,” said the company’s CEO Cory Klippsten.
Thailand Bitcoin Conference 2024 is set to take place on September 14-15, 2024 in Bangkok, Thailand. Get your tickets here.

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