Memorizing 12 Words Is The Key To Bitcoin | Episode 92 Week 40

Hey there, let's talk about some recent developments in the world of cryptocurrency! First up, we have some news from Pennsylvania. The Cryptocurrency Energy Conservation Act has been passed by the House committee, but here's the twist - they removed the proposal to ban Bitcoin mining in the state. It seems like the committee bowed to labor pressure. So, it looks like Bitcoin mining can continue in Pennsylvania, much to the relief of many. Moving on to Australia, the country's central bank has made an interesting statement. They believe that a Central Bank Digital Currency (CBDC) and tokenized money could actually save billions of dollars in domestic financial markets. It's an idea worth exploring, but not everyone agrees. Some people argue that no one needs a CBDC, but we will all need Bitcoin. It's an ongoing debate that showcases the different perspectives in the crypto world. Now, let's talk about something exciting happening in Switzerland. The first Swiss food product created in the new Gabbani's sustainable production center has been introduced - it's called Banettone. What makes this production center unique is that it's powered by solar energy and even has Bitcoin mining capabilities. The facility recently underwent upgrades, including the installation of a 100k KW solar panel production system. This not only increases the center's energy independence and sustainability but also allows for Bitcoin mining using excess energy generated during the production process. It's a great example of using renewable energy for crypto mining. Shifting our focus to Argentina, there's a lot happening with Bitcoin in the political landscape. With the upcoming presidential elections, a pro-Bitcoin candidate, Javier Milei, is surging in the polls. Interestingly, the current administration has abolished income tax just a week before the elections. These developments allude to the growing influence of cryptocurrencies in the country's politics. Now, let's take a look at China. The Chinese tech giant Meitu is reportedly considering selling $100 million worth of Bitcoin and Ethereum holdings. This news indicates that even major companies are exploring options with their cryptocurrency investments. It will be interesting to see how this decision impacts the market and what it means for the future of cryptocurrencies. Speaking of the future, Bitcoin is always a hot topic. It seems like everyone has an opinion. Some people study Bitcoin, diving deep into its intricacies and potential. Others, like Edward Snowden, aren't quite convinced about the rise of Bitcoin Exchange-Traded Funds (ETFs). It's a diverse landscape of opinions, and I'm curious to hear your thoughts too. Let's switch gears and head to Mendoza, Argentina. Escuelita Bitcoin is catching people's attention and getting them "orange pilled" with their informative content. It's fascinating to see how education and awareness about Bitcoin are spreading across different regions. Now, let's talk about Bitcoin's price. Most charts show either growth or volatility, but there's one chart that captures both. It's interesting to see both aspects together, giving us a comprehensive view of Bitcoin's journey. Here's some breaking news from Fidelity. They have submitted an updated version of their S-1 application for a spot Bitcoin ETF. The amendments in this application emphasize the detailed specification of custodial arrangements, mechanics related to hard forks, valuation and pricing sources, adherence to GAAP (Generally Accepted Accounting Principles), and enhanced risk disclosure concerning regulatory uncertainties.