Bitcoin Entering Governments

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Deep Dive

BITCOIN ENTERING GOVERNMENTS

Inside Paraguay's Proposed Bitcoin Bill
By Nik Hoffman

A proposed bill for regulating Bitcoin in Paraguay would require mining licenses and establish investor protections.

A new bill to regulate bitcoin is set to be proposed in Paraguay. The proposal, to be initiated by Congressman Carlos Rejala in conjunction with Senator Silvia Facetti, refers to bitcoin as a virtual asset and attempts to regulate it as currency. 

The bill is slightly different compared to El Salvador's, as it does not treat bitcoin as a legal tender. But it is a step in the right direction, giving more confidence to investors to get involved in the Bitcoin Industry, knowing that their investments won't be challenged by new regulation.

"With this we want to welcome the innovation of cryptocurrencies in Paraguay to the world,'' - Rejala
 

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THE DAILY BITS

Your daily signal dose:

1. Why it is important for academia to teach Bitcoin and digital money technologies to our future generations of law students.

2. A bitcoin miner has been presenting its blocks as "carbon negative." But what does that mean for its energy use?

3. "Fed Watch": Covering the global macroeconomic latest, Fed taper and more.

4. Bitcoin Optech: This newsletter contains a summary of a discussion on a proposed new opcode, links to updated wiki pages and more.

5. China's crackdown on bitcoin mining has demonstrably benefited North American firms.

GIVEAWAYS

The worlds easiest giveaway continues!

Get a shot at winning a hardware wallet and book by following Bitcoin Magazine on social media. 

Your reward: you get the best signal in Bitcoin across social media and a chance to win a BitBox and Bitcoin is Venice by Allen Farrington and Sachin Meyer.  

Full details at the bottom of this email.

NFL PLAYERS' LOVE FOR BITCOIN

NFL Running Back Squaon Barkley To Receive All Marketing Revenue In Bitcoin Through Strike
By Peter Chawaga

NFL running back Saquon Barkley will convert all of his marketing income into bitcoin using Lightning Network platform Strike.

Saquon Barkley has announced that he intends to receive all of his marketing income through bitcoin, using Lightning Network payments platform Strike. Throughout the year, we have seen the trend of NFL players adopting bitcoin as a means of receiving their salaries. They have done so by leveraging the capabilities of Strike. It all started with Russell Okung announcing he would receive half of his salary in bitcoin. Later, Sean Culkin converted his entire salary into bitcoin. Interest has been rising, and players from other sports have started announcing similar moves. Doing this after a huge price reversal is a signal of education.

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SPONSORED BY DEEP DIVE

A BATTLE FOR HASH RATE

Greenridge Partners With Foundry To Acquire 8,300 Bitcoin Mining Rigs, Joins Foundry USA Pool
By Namcios

Bitcoin miner Greenidge has partnered with Foundry Digital to buy 2,300 WhatsMiners and finance 6,000 Antminers, plus join Foundry USA Pool.

Yet another bitcoin mining company is in pursuit of increasing hash rate. Greenidge Generation has announced a purchase of 2,300 WhatsMiner M30S mining rigs and a financing deal to acquire 6,000 Antminers S19 machines, both via Foundry Digital. Additionally, the mining firm shared that it will join the Foundry USA bitcoin mining pool. The company is fully committed to going "green," and announced the development of a new carbon neutral facility last week.

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MEME OF THE DAY

By @Bitcoin_ator

Message from the ECB:
"Our new strategy helps break the vicious circle of low inflation and low interest rates, says Executive Board member @Isabel_Schnabel, through a new inflation target, the recognition of the lower bound and a focus on financial stability and climate change."

Bitcoiners:
You can't debase our money.

GIVEAWAYS

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