The Latest News From Bitcoin Magazine | | | BROUGHT TO YOU BY |  | Nuclear-Powered Ohio Bitcoin Mine To Be 100% Carbon Free
By Namcios Energy Harbor will provide carbon-free nuclear energy to Standard Power's forthcoming bitcoin mining farm in Ohio.
Standard Power will host a bitcoin mining operation, turning an abandoned paper mill in Ohio into a mining facility. The company, through a 5 year partnership with Energy Harbor, will mine utilizing 100% nuclear power. Standard Power will be providing reliability and stability to the grid by shutting down operations in periods of energy crisis, helping make the grid healthier. Day by day we have seen more "green" deals from mining companies, navigating in the free market, in a pursuit of the cheapest energy sources available to provide security to the Bitcoin network. | | Your daily signal dose:
1. The bitcoin price stock-to-flow (S2F) model is at its lowest deflection multiple point since October 2010.
2. Ivan Soto-Wright, CEO of MoonPay, joined the "Bitcoin Magazine Podcast," to discuss interoperability with the legacy system.
3. It is important for El Salvador to adopt bitcoin not only as a medium of exchange, but as a store of value on chain.
4. An Orange New Deal: What would it look like if governments were to embrace and support the Bitcoin network? | | The worlds easiest giveaway continues!
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Full details at the bottom of this email. | | Grayscale Bitcoin Trust Adds BNY Mellon As Service Provider, Eyeing ETF Approval
By Namcios Grayscale has selected BNY Mellon as the asset servicing provider for its bitcoin trust, which it wants to convert into an ETF soon. Grayscale joined forces with BNY Mellon, one of America's oldest banks, to have them as the asset servicing provider for its product, Grayscale Bitcoin Trust. BNY Mellon will provide accounting and administration services. The topic is hot right now, with more than 8 ETF filings waiting for approval. A decision will probably be made this year. It is important to remark that even though an ETF could bring a big influx of money to the space, it only brings convenient price exposure for the customer, and not the full individual sovereignty that holding your own bitcoin keys offers. | | BIT Raises $50 Million To Help Bitcoin Mining Expansion Out Of China
By Namcios BIT Mining announced a raise of around $50 million for the company to expand and move its operations out of China.
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The network is becoming more decentralized. What started being rumors about miners leaving China, followed by the hash rate dropping intensively is now confirmed miners fleeing China.
BIT Mining, a bitcoin company and owner of BTC.com, has raised $50 million in a private placement. The company plans to utilize the proceeds of the private placement to expand its bitcoin mining operations worldwide. After the crackdown in China, miners are on the lookout for more welcoming jurisdictions, and BIT has already started to move part of its mining rigs to Kazakhstan, as well as making some investments in bitcoin data centers in Texas. The trend is clear that the network of miners has is resilient and is spreading throughout the world.
By GregZaj
This might be a glimpse into the future; an ironic one, but theres truth to it. Over the years the FED has been using "monetary expansion" to help achieve their goals of maximum employment and stable prices. I cannot say they are evil, but things have definitely gotten out of control for them. At these moments it seems that they are pouring gasoline onto a fire. So, while they play with fire, we can take control of our futures by stacking sats. | |
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