Strike Launches in Philippines, More NOSTR and SWIFT - Week 25

Feb 1

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News

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.

Jack Mallers @jackmallers

Send Globally 🇵🇭⚡️ Strike users can now send US Dollars direct to banks and mobile money accounts in the Philippines! #Bitcoin, as an open, global, instant, cheap settlement network, is now acting as the superior payment rail for the world. 🚀⚡️🌏 fortune.com/crypto/2023/01…

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.

jack @jack

a milestone for open protocols... #nostr is now officially on the Apple App Store with @damusapp:

apps.apple.com‎Damus‎The social network you control. It’s your very own Twitter for your friends or business. Built on open internet protocols, there is no platform that can ban or censor you. You are in control of your data & speech. - Encrypted. End-to-End encrypted private messaging. Keep big tech out of your DMs…

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.

Documenting ₿itcoin 📄 @DocumentingBTC

₿𝗥𝗘𝗔𝗞𝗜𝗡𝗚: CNN reports on the benefits of recycling the warmth of #bitcoin mining for growing more sustainable food

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.

Price

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.