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News

FTX storm continues

FTX has filed for Chapter 11 bankruptcy. More and more information is being revealed as connections surface. FTX bought out Blockfi shortly after Celsius went under.

This week Blockfi halted withdraws while customers were left guessing. Other news suggests Almeda, a company that appears to have been partnered with FTX, inside traded FTT token, according to sources.

On top of that, Genisis, the lending arm of Gemini, has halted withdrawals from it’s lending platform.

Bitcoin Policy Institute Suggests Proof of Keys

Out of all the FTX noise, Bitcoin Policy Institute and others suggest a ‘proof of keys’ movement, something that has been present within the community for some time but has never been truly implemented.

Blocks Hardware Wallet to Be Built in Austin, Texas

In other news, Block has announced that they are building their hardware wallet in Austin, Texas, one of the most prominent Bitcoin cities in the world.

In the press release, the company noted the considerations include a location with growth potential, operations, and engineering capabilities.

Shell to Sponsor the Bitcoin conference 2023

As the Bitcoin mining industry further expands, large industry energy leaders such as Shell are throwing their hats in the ring. Shell is signaling support through sponsoring the world’s largest Bitcoin Conference, Bitcoin 2023.

Baseload 🍷 @Endorsen

Oh it's coming, 100%. Shell to sponsor @TheBitcoinConf in 2023.

Baseload 🍷 @Endorsen

15/17 And some execs are ready to take some career risks to make it happen. Talking bitcoin in the corporate world is still risky. https://t.co/oY6yWaGHBl

4:03 PM ∙ Nov 14, 2022

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18Likes3Retweets

Price

After dropping from around $20k, Bitcoin bounced to a bottom of $15.7k and has stayed steady around $16.5k since.

So far, other news of Blockfi and Genisis has not pushed further price dumps. It is hard to say what happens from here, but the Bitcoin protocol itself remains unaffected.

Tweets

Bitcoin Not Crypto

Alessandro Ottaviani @AlessandroOtt17

One of the most important things to have clear #Bitcoin is not Crypto

7:09 PM ∙ Nov 14, 2022

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3,400Likes979Retweets

Attacking Self Custody Is The Opposite Of Individual Freedom

Bitcoin Magazine @BitcoinMagazine

JUST IN - U.S. Congressman: "Anyone attacking self-custody is telling you they oppose individual freedom." Not your keys, not your #Bitcoin

11:49 AM ∙ Nov 11, 2022

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2,011Likes348Retweets

$3.7 Billion Off Exchanges After FTX Crash

Bitcoin Magazine @BitcoinMagazine

JUST IN: $3.7 billion #Bitcoin were taken off exchanges last week - Bloomberg 🙌

7:04 PM ∙ Nov 14, 2022

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4,653Likes777Retweets

Bitcoin Mining Certifications Added To Texas State

Natalie Smolenski @NSmolenski

I am thrilled to announce that students across #Texas can now add #Bitcoin mining certifications to training in data center operations and management at Texas State Technical College (@TSTCstrong). Bear market or bull market, #Texas is #Bitcoin country.

Texas Bitcoin Foundation @TXBitcoinFound

The Texas Bitcoin Foundation has partnered with @TSTCstrong to launch the first professional certification programs in #Bitcoin mining offered by any higher ed provider in the world. Deep thanks to @GideonOPowell & Felicia Powell for their generous support for these programs!

2:36 PM ∙ Nov 14, 2022

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161Likes25Retweets

Thread: “Regarding FTX” - River

River Financial @River

1/ Regarding FTX…Bitcoin is the solution, not the problem. This is why.

2:10 PM ∙ Nov 15, 2022

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501Likes61Retweets

Jobs

We have recently launched Bitcoinjobs.com! Looking for a job in the Bitcoin space? Visit Bitcoinjobs.com for more job openings.

What to read

Bitcoin Policy Institute Releases New Report on Proof of Reserves

- BPI

Demand Response And Curtailment Through Bitcoin Mining

- Mitch Klee