BTCNews
BTCNews.Today

First media outlet on #Nostr.
Your front page for Bitcoin news & views.
Catch up on the day in Bitcoin in 2 minutes.
Twitter: @BTCNEWS_TODAY / Managed by rs@zbd.ai / @rajwinder on Twitter

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Last Notes

2023-04-19 05:15:57

Japan Insurer’s Plan to Sell Foreign Debt Flashes Market Warning
- Yumi Teso and Masahiro Hidaka / Bloomberg
https://btcnews.today/2023-04-19/1297#1297
#bitcoin

2023-04-19 05:15:11

Intel Discontinues Bitcoin-Mining Blockscale Chips, No Future Gens Announced
- Paul Alcorn / Tom’s Hardware
https://btcnews.today/2023-04-19/1296#1296
#bitcoin

2023-04-17 00:24:17

How Argentina went from one of the world's richest nations to 100 per cent inflation, with 'mountains of money worth nothing'
- Inga Ting / ABC News (Australia)
https://btcnews.today/2023-04-17/1295#1295
#bitcoin

2023-04-12 18:48:43

Notable Tweets & Notes - Block 785032 / April 11, 2023
https://btcnews.today
#bitcoin

2023-04-12 18:34:19

#[0] Dorsey discusses Nostr with Politico
- Ben Schreckinger / Politico
https://btcnews.today/2023-04-12/1291#1291
#bitcoin

2023-04-11 03:30:22

Why FDR Limited FDIC Coverage
- Aaron Klein / Wall Street Journal
https://btcnews.today/2023-04-11/1288#1288
#bitcoin

2023-04-11 03:28:02

Notable Tweets & Notes - Block 784840 / April 10, 2023
https://btcnews.today/
#bitcoin

2023-04-10 01:43:41

Notable Tweets & Notes - Block 784715 / April 9, 2023
https://btcnews.today
#bitcoin

2023-04-10 01:41:36

Telltale Signs of a Recession
#[0] / The Informationist
https://btcnews.today/2023-04-10/1287#1287
#bitcoin

2023-04-10 01:27:16

Drugs, Erratic Dismissals and Feuding Founders: Behind Bitcoin Marketplace Paxful’s Unraveling
- Frederick Munawa / CoinDesk
https://btcnews.today/2023-04-10/1283#1283
#bitcoin

2023-04-10 01:25:17

Former FTX US President Reportedly Quit After ‘Protracted Disagreement’ With SBF
- CheyenneLigon / CoinDesk
https://btcnews.today/2023-04-10/1285#1285
#bitcoin

2023-04-09 06:21:53

- reply

2023-04-09 02:44:47

Notable Tweets & Notes - Block 784460 / April 8, 2023
https://btcnews.today
#bitcoin

2023-04-09 02:43:55

Bank Term Funding Program: A Primer On The Fed’s Shiny New Tool
#[0] / #[1]
https://btcnews.today/2023-04-09/1281#1281
#bitcoin

2023-04-09 01:45:25

How tiny, cheap smart speakers unlocked the rise of digital payments in India
- Adnan Bhat / Rest of World
https://btcnews.today/2023-04-09/1280#1280
#bitcoin

2023-04-01 02:10:59

Notable Tweets & Notes - Block 783394 / March 31, 2023
https://btcnews.today
#bitcoin

2023-04-01 00:36:06

France Buys 65,000 Tons Of LNG From China In First Ever Yuan-Denominated Trade
- @ZeroHedge
https://btcnews.today/2023-04-01/1266#1266
#bitcoin

2023-03-20 21:48:28

It Turns Out That JPMorgan Bought the Nickel That Turned Out to Be Stones
By Joe Wallace / WSJ
JPMorgan Chase owned bags of material kept in a Dutch warehouse that were supposed to contain nickel but turned out to be full of stones, people familiar with the matter said.
The London Metal Exchange said last week that sacks thought to hold 54 metric tons of nickel in an unnamed warehouse had failed to comply with its standards. The bags were in a shed in the Dutch port city of Rotterdam, The Wall Street Journal and other outlets reported. The problem: They contained stones instead of a silvery metal used in steel and electric-vehicle batteries.
The LME didn't disclose the name of the company that believed itself to be the owner of nickel briquettes valued at $1.3 million at current prices. The firm was JPMorgan, according to the people, some of whom said the bank first bought the material several years ago.
The company that controls the warehouse, sprawling logistics firm Access World Group, was owned by miner and trader Glencore PLC at the time. In a statement, Access World said it is inspecting "warranted bags of nickel briquettes at all locations" and that it believes the issue to be "an isolated case and specific to one warehouse in Rotterdam."
Access World, rather than JPMorgan, is likely to face pressure to foot the bill because it is responsible for checking metal on entry and keeping it safe while it is in the shed. The LME has said it is working with the operator to find out what went wrong.
Wall Street banks aren't as active in physical commodity markets as they were a decade ago, when companies such as Morgan Stanley and Goldman Sachs Group shipped oil on tankers, stuffed metal into warehouses and shuttled sugar between continents. New regulations brought in after the 2008 financial crisis and a stretch of calm markets encouraged banks to pull back from trading commodities.
Still, JPMorgan remains a big player in metals, trading copper, aluminum, zinc and others on the LME as well as precious metals like gold.
JPMorgan was a major trading partner of China's Tsingshan Holding Group, and led discussions with other banks after a blowup in the metal giant's nickel trades spawned a crisis on the LME last year.
https://www.wsj.com/livecoverage/stock-market-news-today-03-20-2023/card/it-turns-out-that-jpmorgan-bought-the-nickel-that-turned-out-to-be-stones-whWn9TqZaksdTPcGyyAi?page=1

2023-03-20 03:17:35

SURELY markets will calm this week!
/s
2-yr US yields swung btw 3.71% & 4.53% last week, widest weekly range since Sept 2008. Widely watched MOVE index (implied vol in Treasuries) hit 199 points on Wednesday, highest level since the global financial crisis in 2008.
- Danielle DiMartino Booth via Twitter (@DiMartinoBooth)
https://twitter.com/DiMartinoBooth/status/1637646500426657794

2023-03-20 02:43:17

“US FEDERAL RESERVE: THE FED AND THE CENTRAL BANKS OF THE UNITED KINGDOM, CANADA, JAPAN, THE EUROPEAN CENTRAL BANK, AND SWITZERLAND ANNOUNCE A COORDINATED ACTION TO IMPROVE LIQUIDITY PROVISION THROUGH THE STANDING US DOLLAR LIQUIDITY SWAP LINES.”
— Breaking Market News (@financialjuice) via Twitter
https://twitter.com/financialjuice/status/1637560520873070593?s=20

2023-03-20 02:41:48

UBS Acquires Troubled Big Bank Credit Suisse, Assisted by Swiss Government Legislation
Luc Olinga / @TheStreet
https://btcnews.today/2023-03-20/1239#1239
#bitcoin

2023-03-19 18:48:50

Notable Tweets & Notes - Block 781517 / March 19, 2023
https://btcnews.today/2023-03-19
#bitcoin

2023-03-19 18:48:02

Should We Be Worried About Bitcoin Ossification?
Jameson @Lopp / @Forbes
https://btcnews.today/2023-03-19/1237#1237
#bitcoin

2023-03-16 02:32:07

- reply

* “says Signature Bank was not INsolvent”

2023-03-16 02:31:17

Former representative Barney Frank of Dodd-Frank fame says Signature Bank was not solvent and was shut down to send anti-crypto message to all banks
@jenwieczner / @NYMag
https://btcnews.today/2023-03-16/1228#1228
#bitcoin
"... why did they react so harshly to what they said was our inability to give them the sufficient data? I believe it was probably to send the message that even though we were doing crypto stuff responsibly, they don’t want banks doing crypto. They denied that in their statement, but I don’t fully believe that. I think that they overreacted to what they saw was our problem with data, which may well have existed, but the data was improving. I think sloppy data is not a reason to close a bank that you have not decided was insolvent, and they’ve never said we were insolvent."

2023-03-16 01:42:29

Bank Leverage, Regulatory Capital, and the Illusion of Safety
@tom_hoenig / Medium
https://btcnews.today/2023-03-16/1223#1223
#bitcoin
"Following generations of taxpayer support and government involvement, politicians, regulators, and lobbyists have supplanted the market in determining what counts as capital, how it is calculated, and how much is enough. This artificial mechanism has resulted in a decline of both the level and quality of capital among the world’s largest banks. As the regulators have supplanted the market in setting bank capital standards, they increasingly rely on ever more arcane and complicated methods to determine how much capital a bank should hold. They assign risk weighs to the different asset categories held by banks. In contrast, the absence of the largest banks having sufficient equity capital as they entered the Great Recession, required governments to infuse public funds into many of them. It will be at significant public cost if that lesson must be relearned should bank capital weaken."

2023-03-16 01:36:53

Notable Tweets & Notes - Block 780875 / March 15, 2023
https://btcnews.today
#bitcoin

2023-03-16 01:35:32

Banks are designed to fail – and they do
by @martinwolf_ / @FT
https://btcnews.today/2023-03-16/1227#1227
#bitcoin
"The fundamental lesson we have to relearn is that even in a modest crisis deposits cannot be sacrificed, and rules on haircuts for provision of liquidity will go out of the window. Banks are wards of the state partly because they are at the heart of the credit system, but even more because their deposit liabilities are so politically important. The marriage of risky and often illiquid assets with liabilities that have to be safe and liquid within undercapitalised, profit-seeking and bonus-paying institutions regulated by politically subservient and often incompetent public sectors is a calamity waiting to happen.

2023-03-11 23:13:27

“From a source I trust: @SVB_Financial depositors will get ~50% on Mon/Tues and the balance based on realized value over the next 3-6 months. If this proves true, I expect there will be bank runs beginning Monday am at a large number of non-SIB banks. No company will take even a tiny chance of losing a dollar of deposits as there is no reward for this risk. Absent a systemwide @FDICgov deposit guarantee, more bank runs begin Monday am.”
- @BillAckman on Twitter
https://twitter.com/billackman/status/1634662286844411904

2023-03-11 22:55:23

“Hearing rumors that the FDIC is blocking GSIBs from buying SVB on the grounds that it would create too much concentration with our largest banks. If true, they really need to understand that not finding a suitable buyer over the weekend will result in much greater concentration in GSIBs than letting one buy it, and this will happen across industries as businesses and people move balances out of smaller banks in fear the same thing will happen to them. Do the right thing. Protect deposit holders while you still can!”
- @DavidMarcus on Twitter
https://twitter.com/davidmarcus/status/1634622108893609984?s=12

2023-03-11 18:47:26

Notable Tweets & Notes - Block 780243 / March 11, 2023
https://btcnews.today
#bitcoin

2023-03-11 17:50:37

“To fund the redemptions, Silicon Valley Bank sold on Wednesday a $21 billion bond portfolio consisting mostly of U.S. Treasuries. The portfolio was yielding it an average 1.79%, far below the current 10-year Treasury yield of around 3.9%. This forced SVB to recognize a $1.8 billion loss, which it needed to fill through a capital raise.”
- Reuters
https://www.reuters.com/business/finance/what-caused-silicon-valley-banks-failure-2023-03-10/

2023-03-11 17:46:18

Fed Chair Powell Calls Crypto a Mess, Lays Out Concerns
- @pymnts
https://btcnews.today/2023-03-11/1208#1208
#bitcoin

2023-03-11 17:45:05

Why Was There A Run On Silicon Valley Bank?
- Noah Smith / @Noahpinion
https://btcnews.today/2023-03-11/1209#1209
#bitcoin

2023-03-10 02:54:29

One Bitcoin Is Your Harvard MBA
Jesse Myers @Croesus_BTC / Substack
https://btcnews.today/2023-03-10/1198#1198
#bitcoin

2023-03-10 02:47:16

Notable Tweets & Notes - Block 779970 / March 9, 2023
https://btcnews.today
#bitcoin

2023-03-10 02:29:36

- reply

Sorry about the typo

2023-03-10 02:29:15

Fixing The Incentives: How Fiat Money Broke The World
jJmmy Song / Bitcoin Magazine
https://btcnews.today/2023-03-10/1201#1201
#bitcoin

2023-03-06 03:46:03

- reply

Canadian real estate is in serious trouble- look at these charts:
https://twitter.com/BitPaine/status/1632448296466939904?s=20

2023-03-06 01:31:57

Texas Is Leading The US In Bitcoin Adoption
- Alejandro Gil / Bitcoin for Families
https://btcnews.today/2023-03-06/1186#1186
#bitcoin

2023-03-06 01:31:14

Nick Szabo Was Wrong: With Bitcoin, Micropayments Work
- Jared Nusinoff / Bitcoin Magazine
https://btcnews.today/2023-03-06/1185#1185
#bitcoin

2023-03-06 01:29:14

Why Nostr Matters
- Jameson Lopp
https://btcnews.today/2023-03-06/1187#1187
#bitcoin

2023-03-04 22:11:23

Trezor Team Warns Of The Massive Phishing Attack
- GetBlock.net
https://btcnews.today/2023-03-04/1183#1183
#bitcoin

2023-03-04 22:10:25

Notable Tweets & Notes - Block 779237 / March 4, 2023
https://btcnews.today
#bitcoin

2023-03-04 22:09:05

'I can't get my money out': Billionaire investor Mark Mobius says China is restricting flows of capital out of the country
- Carla Mozée / Markets Insider
https://btcnews.today/2023-03-04/1184#1184
#bitcoin

2023-03-02 06:15:18

Mt. Gox creditors likely to start receiving their Bitcoin on March 10
- Tim Copeland / The Block
https://btcnews.today/2023-03-02/1172#1172
#bitcoin

2023-03-02 06:01:38

Australian central bank set to launch ‘live pilot’ of CBDC for may use cases including Livestock Auction and Construction Payments
- Luke Huigsloot / @Cointelegraph
https://btcnews.today/2023-03-02/1171#1171
#bitcoin

2023-03-02 01:18:48

.
Notable Tweets & Notes - Block 778772 / March 1, 2023
https://btcnews.today
#bitcoin

2023-03-02 01:17:22

Salvadoran Bitcoin Education Program Is Launching A New Curriculum In English
- @BtcCasey / @BitcoinMagazine
https://btcnews.today/2023-03-02/1168#1168
#bitcoin

2023-02-28 23:23:13

Nishad Singh, FTX's former Director of Engineering, pleads guilty to criminal charges and agrees to cooperate with prosecutors
- Jody Godoy / Reuters
https://btcnews.today/2023-02-28/1165#1165
#bitcoin

2023-02-26 23:36:55

Developing a Non-Custodial Bitcoin Wallet with Flutter and BDK: My Journey
- @Anipy1 / @boltfun_btc
https://btcnews.today/2023-02-26/1155#1155
#bitcoin

2023-02-26 23:24:32

Drivechains: BIP-300 Overview & Issues
- Max Money 21M / 21 Million Bitcoin and 10 Million Bitcoiners
https://btcnews.today/2023-02-26/1161#1161
#bitcoin

2023-02-25 19:09:41

Bitcoin’s Future Hinges on Donations, and That’s Got People Worried
- Frederick Munawa / @CoinDesk
https://btcnews.today/2023-02-25/1154#1154
#bitcoin

2023-02-25 19:03:22

IMF says banning non-CBDC crypto assets should be an option
- Aftab Ahmed / Reuters
https://btcnews.today/2023-02-25/1158#1158
#bitcoin

2023-02-24 21:30:05

Fed, FDIC, OCC Give Banks ‘Reminder’ On Crypto Liquidity Risk
- Dan Ennis / Banking Dive
https://btcnews.today/2023-02-24/1151#1151
#bitcoin

2023-02-24 05:06:09

Learn, Insure, Save, Allocate, Commit, Endure: The 6 stages of personal bitcoin adoption
- Jessy Gilger / Unchained Capital
https://btcnews.today/2023-02-24/1150#1150
#bitcoin

2023-02-24 05:03:40

Self-hosted Wallet Ban Avoided In New Draft Of EU’s Anti-Money Laundering Bill
- Inbar Preiss / The Block
https://btcnews.today/2023-02-24/1147#1147
#bitcoin

2023-02-24 04:59:45

Notable Tweets & Notes - Block 777918 / February 23, 2023
https://btcnews.today
#bitcoin

2023-02-23 19:55:37

David Stockman on the Fed’s Giant Economic Science Experiment
David Stockman / Internationalman.com
https://btcnews.today/2023-02-23/1146#1146
#bitcoin

2023-02-23 16:55:45

- reply

Thanks, will change that.

2023-02-23 02:46:27

- reply

https://BTCNews.today
https://nostr.build/i/nostr.build_06190b63e26c28f7bb61bb8df9711f4c343747fce385530ad86f8ef423597403.png

2023-02-23 02:29:18

BTCNews now posts Nostr notes along with notable tweets as a daily topic.
Check out notes on the site from some of your favorite Nostriches today: #[0] #[1] #[2] #[3] #[4] #[5] #[6] #[7] and #[8]

2023-02-23 02:12:06

Does Foundry Have Too Much Bitcoin Hashrate?
- William Foxley / Compass Mining
https://btcnews.today/2023-02-23/1142#1142
#bitcoin

2023-02-22 04:24:25

Crypto Investors Had Their Funds Frozen. Now They Might Have to Pay Taxes Too
- Claire Ballentine / Bloomberg (via wealthmanagement.com)
https://btcnews.today/2023-02-22/1140#1140
#bitcoin

2023-02-20 20:00:08

Fixing the Incentives: Fiat Money Fuels Broken Corporations
- Jimmy Song #[0] / Bitcoin Magazine #[1]
https://btcnews.today/2023-02-20/1136#1136
#bitcoin

2023-02-20 19:33:22

Kraken and Custodia Bank CEOs say Regulators Ignored Their Warnings About Scams and Fraud
- Monika Ghosh / @CryptoSlate
https://btcnews.today/2023-02-20/1133#1133
#bitcoin
Cc: #[1]

2023-02-20 18:51:55

- reply

Thank you for the zap, #[1] !

2023-02-20 18:48:51

The Majority of Bitcoin Mining is Fueled by Sustainable Energy
- @DSBatten / @BitcoinMagazine
https://btcnews.today/2023-02-20/1132#1132
#bitcoin

2023-02-20 02:16:20

Crypto Assets and CBDCs in Latin America and the Caribbean: Opportunities and Risks
- Appendino et al / @IMFNews Working Paper
https://btcnews.today/2023-02-20/1130#1130
#bitcoin

2023-02-20 01:49:31

A New “Operation Choke Point”? The Quickly Changing Rules on Crypto Activities for Member Banks
- Glen Cuccinello / White & Case LLP
https://btcnews.today/2023-02-20/1129#1129
#bitcoin

2023-02-18 23:09:55

Wyoming Legislature Passes Bill Protecting Bitcoin Private Keys From Courts
- @BtcCasey / @BitcoinMagazine
https://btcnews.today/2023-02-18/1126#1126
#bitcoin

2023-02-18 04:44:30

Notable Tweets & Notes - Block 776952 / February 17, 2023
https://btcnews.today
#bitcoin

2023-02-18 03:59:23

Custodia Bank Renews Push for Fed 'Master Account' After Rejection
- Nikhilesh De / @CoinDesk
https://btcnews.today/2023-02-18/1124#1124
#bitcoin

2023-02-16 21:19:31

Implications of Bitcoin Dust Limit on Lightning Channels
- Vladimir Fomene (Blog)
https://btcnews.today/2023-02-16/1121#1121
#bitcoin

2023-02-16 04:26:41

The Hidden Threats a Central Bank Digital Currency Poses to Individual Freedom
- @NeilJacobs / FOMO21.com
https://btcnews.today/2023-02-16/1115#1115
#bitcoin

2023-02-16 03:56:52

Devaluation of Egyptian Pound Strains University Students
- @MiddleEastEye
https://btcnews.today/2023-02-16/1112#1112
#bitcoin

2023-02-15 04:17:53

Notable Tweets - Block 776455 / February 14, 2023
https://btcnews.today
#bitcoin

2023-02-15 03:56:32

Inscriptions: Just a Fad, or a Real Threat to Bitcoin Becoming Decentralized Money?
@stephanlivera / @BitcoinMagazine
https://btcnews.today/2023-02-15/1111#1111
#bitcoin

2023-02-15 02:30:36

Ordinals and the Case of the Missing Fees
@GregCipolaro / @NYDIG
https://btcnews.today/2023-02-15/1110#1110
#bitcoin

2023-01-28 17:45:52

- reply

Thank you KP. 🙏

2023-01-06 16:44:27

- reply

Interest rates are the price of money.
Inverted yield spread => Fear about the near term, faith in the long term prospects of economy

2023-01-06 03:44:59

- reply

Yeah stackchain mining on nostr is slowed down by this problem. Takes a while to be sure the chain tip is where you think it is.

2023-01-04 15:42:25

- reply

Any attempts to remove the purple nostrich herd picture should result in immediate self deletion of Damus and opening up of a spot in TestFlight for a more deserving nostrich!

2023-01-04 02:09:46

- reply

1M by July 4th

2023-01-03 07:11:35

- reply

You don’t report your loss by o the FBI if it’s not real. It’s a serious crime.

2023-01-02 04:48:52

- reply

The focus of discussion was more on ordinary people securing their Bitcoin and less for the more security savvy segment. The unfortunate use of “cold wallet” in Luke’s tweet is what we were worried about, plus the FUD potential of this incident. No one is against using QubesOS.

2023-01-02 00:47:12

- reply

NVK if you’re available can you join us in Twitter space on the Luke incident

2022-12-31 19:17:56

- reply

Happy 2023 Neil!

2022-12-31 18:53:37

- reply

Happy new year KP!
2023 is going to be great.
wagmi

2022-12-31 17:37:32

- reply

Agreed. Both podcasts are great!