Riot, one of the largest mining companies in North America, has released its full-year 2022 financial report, announcing that it will have $230 million in cash, no long-term debt, and 6,974 bitcoins by the end of 2022.

Reported a net loss of $509.6 million, which was significantly impacted by non-cash impairment charges totaling $538.6 million, including goodwill impairment of $335.6m associated with the Whinstone and ESS Metron acquisitions in 2021, impairment of crypto held of $147.4m, and impairment of miners of $55.5 million.

However, due to an accounting error in calculating the impairment of its bitcoin holdings, Riot said it would delay filing its financial statements with the SEC and would file and amend the relevant data within 15 days.

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SoftBank-backed Xapo Bank becomes the first bank in the world to integrate the Bitcoin Lightning Network.

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Inflation rate:

Argentina 🇦🇷 98.8%
Turkey 🇹🇷 55.18%
Russia 🇷🇺 11.8%
UK 🇬🇧 10.1%
Italy 🇮🇹 9.2%
Germany 🇩🇪 8.7%
Euro Area 🇪🇺 8.5%
Mexico 🇲🇽 7.91%
India 🇮🇳 6.52%
USA 🇺🇸 6.4%
Brazil 🇧🇷 5.77%
Japan 🇯🇵 4.3%
Switzerland 🇨🇭 3.3%
China 🇨🇳 2.1%

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Bitcoin Lightning payment in the Philippines

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Stanford University Bitcoin lesson.

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Missouri state committee passes bill protecting the right to run a node and mine Bitcoin.

https://twitter.com/bitcoinmagazine/status/1633140075675652096

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🙋🏻‍♂️ Tell me you are in El Salvador without actually saying you are in El Salvador.

💁🏼‍♀️ I can buy an ocean-view condo directly with Bitcoin, no need to cash it out first.

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In just the span of 1 month, over 100k Bitcoin Ordinals were inscribed in a parabolic NFT minting frenzy that has brought attention to Bitcoin in a way it hasn’t seen in years. Ordinal theory ascribes a unique number to each satoshi and enables inscribing of metadata to each satoshi, functionally turning them into “NFTs”. The metadata can include pictures, gifs, and videos with a max size of 4MB, the upper limit for a Bitcoin block. Users inscribing metadata to specific satoshi units can fundamentally change Bitcoin's fungibility.

This added functionality has reignited the demand for Bitcoin block space. The average size of a block has increased from about 1.2 MB to 2 MB since the start of the year. Ordinals could be a godsend in ensuring the sustainability of the Bitcoin blockchain. As users pay to inscribe metadata, miners find a new, much-needed stream of revenue.

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Best-performing assets in the last decade.

$BTC 👑

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Celebrating Bitcoin $BTC reaching $111 ATH back in 2013. A historic video.

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When you have 5 minutes of free time, watch Wyoming Senator Cynthia Lummis defending Bitcoin mining energy use in Congressional hearing. A fascinating dialogue 👀

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US Bank stocks today:

Silicon Valley Bank -60%
Silvergate -42%
JP Morgan -5.4%
Bank of America -6.2%
Wells Fargo -6.1%

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📊 On March 9, the number of Bitcoin Ordinals Inscription minted exceeded 31,000, a new high, among which text minting gradually became the mainstream, with more than 26,000.

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A video explanation for those who do not fully understand in words what a mempool is 😅

For reference:

The mempool is where all the valid transactions wait to be confirmed by the Bitcoin network. A high mempool size indicates more network traffic which will result in longer average confirmation time and higher priority fees.

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🔑 The chance to randomly pick up a private key to someone’s Bitcoin wallet is equal to 0,00000000000000000000000000000000000000000000000000000000000000000000000000000086%.

It’s about the same as finding 4 specific grains of sand on Earth.

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You think CZ should involve in rescuing banks?

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❗️ IMF warned G-20 that widespread Bitcoin and crypto use could cause banks to "lose deposits".

One of those rare occasions when we wholeheartedly agree with IMF 😁

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💱 Binance to convert the remaining of the 1 billion industry recovery funds from BUSD to Bitcoin, Ether and BNB.

https://www.theblock.co/post/219165/binance-converting-1-billion-in-busd-to-bitcoin-ether-and-bnb?utm_source=telegram2&utm_medium=social

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👍🏼 if agree

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