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For the layman, there is no dire need to get caught up in the schematics of the debate whether recent Fed policy is quantitative easing or not. Instead, the question that deserves to be asked is what would have happened to the financial system if the Federal Reserve didn’t conjure up $360 billion worth of liquidity from thin air over the last month? Widespread bank runs? Collapsing financial institutions? Soaring bond yields that send global markets spiraling downwards? All were possible and even likely and this highlights the increasing fragility of the system. Bitcoin offers an engineering solution to peacefully opt out of the politically corrupted construct colloquially known as fiat money. Volatility will persist, exchange rate fluctuations should be expected, but the end game is as clear as ever.

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Creating new applications on Bitcoin presents an opportunity to leverage the most secure, resilient and liquid network to build Web3. From social networks to financial services, Web3 applications look to convert our most sensitive daily touch points into trustless systems. Eliminating centralized control means that the systems underlying Web3 applications must be as stable and ironically trustworthy as possible. Bitcoin blockchain has proven, through over a decade of unfailingly solid and routine operations, that it is the most secure and economically viable blockchain network and therefore the ideal foundation for Web3. To neglect to build on Bitcoin would be to forsake key applications for the network that have the potential to make the internet, and the world at large, a better place.

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No one can predict the future, but we can safely assume that the adoption of bitcoin has reached the point of no return. This has been confirmed by bitcoin’s adoption as legal tender in nation states like El Salvador and its inclusion on a number of balance sheets by Nasdaq-listed companies like Tesla and MicroStrategy. Bitcoin’s use case as a digital store of value implies that continuous adoption is accompanied by a continuous increase in price, because bitcoin is fixed in supply. There is simply no better technology than Bitcoin that fulfils the role of a digital store of value. Just as humanity never went back to horses after the development of cars, we will not stop using bitcoin and return to an inferior money like the U.S. dollar, gold or U.S. Treasuries to store value.

Output descriptors provide a simple and effective solution to the problem of recovering keys from an extended public or private key in a Bitcoin wallet. With output descriptors, users can easily recover their bitcoins and previous transaction history by describing the derivation path and range of keys with the UTXOs and transactions. By using output descriptors, users can import their receiving and change scriptPubKeys during a wallet import, making it easier to recover their Bitcoin wallet. With the support of output descriptors and miniscript in Bitcoin Core, users can enjoy a more efficient and secure Bitcoin wallet experience.

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US federal regulators are allegedly waging a “clandestine financial war” against the crypto industry, according to Washington, D.C. law firm Cooper & Kirk PLLC. The FDIC, the OCC and others are allegedly using “regulatory tools and pressure tactics” to limit the extent digital assets have on the financial system, the law firm said Monday in a white paper. The law firm is calling the latest regulatory actions in the US “Operation Chokepoint 2.0.” The operation is modeled after a similar initiative under the Obama administration, which attempted to target fraudulent and high-risk industries, including the tobacco and payday lending industries.

The bitcoin sold is part of the 50,000 BTC seized in November following the arrest of James Zhong, who pleaded guilty to wire fraud after the government alleged he manipulated the transaction system on darknet market Silk Road in 2012. At the time, the government hailed it as the largest cryptocurrency seizure. The government intends to liquidate the remaining 41,490 bitcoins in four tranches over the course of this calendar year.

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When off-grid mining is factored in, we get a full picture of the Bitcoin network. The major energy source is hydro (23% of all Bitcoin mining). Ongrid, 15.8% of power is hydro (source: Our World in Data), however more than half of all sustainable off-grid mining is hydro-powered. Sustainable mining companies such as OceanFalls, Blockfusion, Hut8, Iris, Sato, Terawulf, Statar/Lake Parime, Gridshare and HPG are examples of companies that are either 100% powered by hydro or majority-hydro powered. The next highest sustainable energy source is Wind, now representing almost 14% of all bitcoin mining power. Companies such as Marathon, with 14 EH of hashrate, the heavy component of which is behind-the-meter wind farms, contribute to this strong showing.

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China has just completed its first trade of liquefied natural gas (LNG) settled in yuan, the Shanghai Petroleum and Natural Gas Exchange said on Tuesday. The trade involved around 65,000 tons of LNG imported from the United Arab Emirates. The French supermajor, one of the world’s top LNG traders, confirmed to Reuters that the trade involved LNG imported from the UAE, but declined to comment further on the deal.

For a fourth year running, regular Bitcoin Core contributors received a survey to surface priorities and ensure that people feel that they can contribute effectively. This blog post is a summary of the results in a format similar to last year’s survey.

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Deutsche has been in trouble for years, much like Credit Suisse, with speculation about its survival swirling through the markets. If any major institution was going to lose the confidence of its investors during this crisis, it was always likely to be at the front of the queue. It remains to be seen what happens next. But the only real way out will be for the German government and the ECB to step in with a guarantee to backstop Deutsche’s losses and to guarantee that depositors will be paid in full. They could decide to nationalise it, or else arrange a quick merger with a rival, most probably Commerzbank, or possibly France’s BNP Paribas. Any fallout from a Deutsche bailout would hit the entire eurozone. A Deutsche collapse could bring the euro down with it. Unless the government and the central bank can shore it up over the weekend, very soon the entire currency will be in deep trouble.

The impact of a bear market on the crypto industry can be significant. The crypto industry is heavily influenced by market sentiment, which can quickly shift from bullish to bearish during market downturns. This can lead to a vicious cycle of selling, as investors rush to exit their positions and lock in gains or minimize losses. However, the bear market is not all gloom and doom, there are also many benefits to a bear market that are often overlooked. First and perhaps most alluring to most is that a bear market can be an opportunity for investors to buy into the market at lower prices. Bear Markets can bring much-needed clarity to the cryptocurrency space. History provides countless examples of bear markets we can look to for reassurance. We only need to look back half a decade to examine two recent bear markets in crypto and how they impacted the industry.

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Multisig solutions are not new to bitcoin. The concept was first pioneered and formalized into the standard Bitcoin protocol as early as 2012 but only started getting traction in 2014 after the shutdown of the Silk Road and the collapse of the bitcoin exchange Mt.Gox. The two adverse events urged developers to promote a better way to obtain maximum security against hacks and confiscation by authorities. If you get past the inconvenience of setting up a multisig wallet and the technical learning required, multisig can help you achieve greater peace of mind with your bitcoin by adding an extra layer of security to your holdings.

The bitcoin standard would mean that central banks would and should hold bitcoin on their balance sheets. Perhaps this would mean that central banks would not be needed anymore, but like any government agency or quasi-government agency, that doesn’t necessarily mean they will go away. Central banks will hold bitcoin because it will give their countries an advantage over other countries where the central banks don’t. The more free that a country is, the stronger it is against other countries. Bitcoin is freedom. Bitcoin is freedom from financial oppression. Under bitcoin, the economy would move from a debt economy to a savings economy. The economy would also move back to being more about production than consumption because consumption and debt don’t grow economies.