Manh Hung (@alvinsan2020) • Hey
You Are What You Thing
Publications
- Latam Insights: El Salvador Launches Pilot to Introduce Bitcoin Content in Schools, Bitso Teams up With Despegar in Argentina
**Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: El Salvador launches a pilot to add Bitcoin content to school curriculums, Bitso announces a partnership with Despegar in a cashout program, and Uruguay and Argentina revamp a bilateral local currency-based payment system.**
El Salvador Launches Pilot to Take Bitcoin Content to School Curriculums
The Ministry of Education of El Salvador has partnered with Mi Primer Bitcoin (MPB), a nonprofit dedicated to educating Salvadorans about Bitcoin, to organize a pilot program to introduce Bitcoin courses into school curriculums.
The pilot was announced this week when Mi Primer Bitcoin stated that the organization would teach 150 teachers of 75 public schools about Bitcoin. Then, these teachers will return to their schools to impart courses about the virtues and usage of the first cryptocurrency.
John Dennehy, the founder of MPB, confirmed that if the pilot is successful, it could be extended to all the schools in the country in 2024. Furthermore, Dennehy stated that the organization was looking to expand to other nations, having conversations with the governments of two countries in Latam on this subject.
- Lightning Network Sees Sharp 14% Decline in Capacity After Hitting Peak
**Data reveals that the Lightning Network’s capacity, or the total value of open channels, has dwindled by over 14% since July 9, 2023. Following a peak of 5,468 BTC, an estimated 786 BTC valued at $20.32 million has been withdrawn from the secondary network.**
From Peak to Plunge: Lightning Network’s Capacity Drops by Over $20M in Just Two Months
The Lightning Network (LN) serves as a second-layer (L2) scaling solution designed to render bitcoin (BTC) transactions more cost-effective and expedited. In lieu of registering every transaction on the Bitcoin blockchain, LN users establish a mutual “channel” for transaction purposes. Only the opening and closing balances of channels are documented on the blockchain. This year marked an all-time high for LN capacity or the total value locked (TVL) in open channels.
The LN capacity hit 5,468 BTC on July 6, 2023. Nonetheless, subsequent to this milestone, a substantial amount of BTC was removed in one of the largest declines since tracking began in January 2018. Around 786 BTC equating to $20.32 million exited the LN from July 9 onwards, dipping below the 5K BTC threshold after July 10. The existing capacity of 4,682 BTC within the Lightning Network is presently valued at $121 million.
- Casascius Bitcoin Peels: $10M Cashed in 2023, Yet a null Billion Stash Remains Unclaimed
**While bitcoin (BTC) is already a limited asset, Mike Caldwell’s Casascius physical bitcoins take rarity to a whole new level. Between 2011 and 2013, he endowed over 27,000 coins and bars with nearly 100,000 BTC. As we step into September 2023, a limited supply of 19,082 Casascius physical bitcoins remain in circulation, with around 41,280 BTC yet to be claimed.**
Just Over 19,000 Casascius Physical Bitcoins Remain Unpeeled
In the first eight months of 2023, approximately 162 physical bitcoins designed by Mike Caldwell were cashed in or peeled. These coins represented a total of 386 BTC, translating to near $10 million based on the current BTC exchange rates.
Debuting in 2011, Caldwell’s Casascius physical bitcoins, available in both coins and bars, ranged in denominations of 0.1, 0.5, 1, 5, 10, 25, 100, and 1,000 BTC.
Yet, by 2013, Caldwell faced a hurdle. The Financial Crimes Enforcement Network (FinCEN), an arm of the Treasury Department, told him that producing these physical bitcoins classified him as a money transmitter, prompting him to halt his operations.
Despite the interruption, Caldwell had already minted an impressive 27,928 coins, with a cumulative load of 91,213 BTC. To date, nearly 50,000 BTC, precisely 49,984 BTC, have been claimed from 8,856 of Caldwell’s meticulously crafted coins and bars.
- Alameda Sues Grayscale and DCG to Allow Redemptions, Reduce FeesThe bankrupt trading firm is seeking injunctive relief to allow FTX debtors to realize what it claims is more than $250 million in asset value.
https://www.coindesk.com/policy/2023/03/06/alameda-sues-grayscale-and-dcg-to-allow-redemptions-reduce-fees/
- Tornado Cash dev says ‘sequel’ to crypto mixer aims to be regulator-friendly
Soleimani explained that the “critical flaw” with Tornado Cash is that users cannot prove that they’re not associated with a criminal enterprise stealing or laundering crypto funds.
https://cointelegraph.com/news/tornado-cash-dev-says-sequel-to-crypto-mixer-aims-to-be-regulator-friendly
- Spain a Hotbed for Cryptocurrency Real Estate Deals, According to Study
**A recent study indicates that Spain is one of the hottest countries regarding real estate offerings that can be paid with cryptocurrency. The report, prepared by Forex Suggest, found that Spain is the country with the most properties available for crypto, followed by Thailand, Portugal, and the UAE.**
https://news.bitcoin.com/spain-a-hotbed-for-cryptocurrency-real-estate-deals-according-to-study/
- Learned about all the web3 lingo on @orbapp.lens app, and also got a NFT. Now I'm certified slang master 🧙
#orb #orbapp #orbsbt
- Learned about basic fundamentals of Non-Fungible Token (NFT) on @orbapp.lens app, and also got a sick NFT 🤩
#orb #orbapp #orbsbt
- Learned about basic fundamentals and mission of @orbapp.lens project, and got a sick NFT 🔥
#orb #orbapp #orbsbt
- Learned about basic fundamentals and features of @LensProtocol on the @orbapp.lens app, and got a dope NFT 🌿
#orb #orbapp #orbsbt
- Learned about basic fundamentals of crypto wallet on @orbapp.lens app, and got a sick NFT 🤯
#orb #orbapp #orbsbt
- Learned about basic fundamentals of web3 on @orbapp.lens app, and got a dope NFT 😇
#orb #orbapp #orbsbt
- Calling all you devs! We just released a new Developer Quickstart guide. Here’s a great place to start your journey into the Lensverse! 🌿 🛠 https://docs.lens.xyz/docs/developer-quickstart
- 04 Social Web3 Wallet with Zerion — Alexander Guy
Alexander Guy is head of marketing and growth at Zerion, a Smart Social Web3 Wallet. This is a place to manage your crypto, DeFi and NFT portfolios. Trade across multichain and connect to any decentralized application.
In this episode we get into the crypto lifestyle. Why we think it’s a compelling space to be potentially looking to join a company or create a project. We talk about pitfalls of the crypto lifestyle like FOMO, always being on, stress about security, excessive time on social, information input, and challenges in getting up to speed when you’re new to crypto.
Meeting the Zerion team at ETH Barcelona in July, Alex was telling me about their new mobile crypto wallet and how the platform is extra helpful for web3 citizens. People active in DAOs, token communities and NFTs. I was preparing UFO for launch at that time, and we created a collaboration with Zerion as a sponsor of UFO.
https://zerion.io/
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UFO is a place for revolutionary ideas. A podcast where artists, musicians and web3 builders talk about the future. Hosted by Nick Hollins and produced by voyager.
FOLLOW US
UFO: https://twitter.com/ufo__club
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@lensprotocol is the open-source tech stack for building decentralized social media applications. A permissionless and transparent social graph that is owned by the user. Lens is the last social media handle you’ll ever need to create. Visit lens.xyz
@zerion.lens combines every corner of web3 in a simple and intuitive app for self-custodial humans. Discover the hottest NFT collections, track your DeFi rewards, and vote in DAOs across 10+ chains. Get started at zerion.io
- Aussie federal budget reaffirms BTC won’t be treated as foreign currency
The new federal budget states that Bitcoin will fall under the “current tax treatment of digital currencies, including the capital gains tax treatment, where they are held as an investment.”
https://cointelegraph.com/news/aussie-federal-budget-reaffirms-btc-won-t-be-treated-as-foreign-currency
- Natural....
- Crypto Council for Innovation poll sees crypto voters as a force to be reckoned with
The new data show crypto ownership is comparable to that of other assets and especially strong among the young; crypto is seen more favorably than banks in some quarters.
https://cointelegraph.com/news/crypto-council-for-innovation-poll-sees-crypto-voters-as-a-force-to-be-reckoned-with
- Signal Trading Forex Gold Crypto
- Bear VS Bull
#HarmonicPattern