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Strike Launches in Philippines, More NOSTR and SWIFT - Week 25
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Strike Launches in the Philippines
On Tuesday, Jack Mallers announced that Strike, the remittance competitor to SWIFT, has launched in the Philippines.
According to a TechCrunch article, there is ~$12.7 billion USD in sent from the US to the Philippines through remittances.
Strike uses Lightning to transfer money for users. The main benefit to the user is saving on costs. Strike users pay only a few cents in fees.
Nostr Client Damus Launches on App Store
Nostr is a free open-source (FOSS) software that is aiming to be a decentralized alternative to Twitter.
On Tuesday, Damus was officially released on the Apple App Store. People like Jack (ex-twitter CEO and founder) stand behind this open-source software.
The power of Nostr is that no one can shut down or block users from posting, creating an uncensorable platform.
CNN Reports The Benefits of Bitcoin Mining?
Historically, outlets like CNN and CNBC have been against bitcoin mining and its supposed effect on the environment. This video reports how bitcoin miners capture heat that can be recycled and used for flowers, coincidentally “tulips.” In the past, bitcoin bull markets have been compared to the tulip bubble in the 1600s.
Luxor Releases ASIC Broker Exchange
Luxor has just released a new platform allowing users to place machine bids. According to Guzman Pintos, this is the first Request-for-quote (RFQ) platform for Bitcoin miners. More information is in the thread here.
Since the quick climb from $19,000 to $23,800, bitcoin has flattened out, stabilizing around the $23k USD area for the last 24 hours or so.
Bitcoin looks to have broken the long-term holder cost basis again. LTH cost basis is the calculated purchase price of users that purchased one year in the past, according to the analysis of UTXOs. This has historically been a signal that the bear market is over.
What to read
The Bullish Case for Bitcoin - Vijay Boyapati
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