Description

Weekly market update / outlook and Top Bitcoin News:

• Blackrock Bitcoin ETF attracts 414 institutional holders - analyst says IBIT 'blows away record'
• Russia and Iran collaborating on single BRICS currency, Iranian ambassador says
• Tornado Cash developer Alexey Pertsev sentenced to 64 months in prison in the Netherlands
• IBEX Pay suspends services in the United States
• US Senate votes to kill SEC Bitcoin accounting policy in a historical vote
• Crypto industry rallies behind House bill as it heads toward final vote
• Venezuelan authorities announce Bitcoin mining ban, confiscate over 11,000 miners to face the nation's energy crisis
• This is how much Bitcoin El Salvador has mined using volcanic energy:  report
• The Bitcoin Ponzi Scheme Paradox (FUD of the week)
• Bitcoin's bullish momentum:  It has 'a lot of room to run'
• Check out this week's featured post on Bitcoin Fortress substack:  "Understanding Fiat Currency - A Simple Overview"

Substack: Bitcoin Fortress

Nostr:  npub122fpu8lwu2eu2zfmrymcfed9tfgeray5quj78jm6zavj78phnqdsu3v4h5

Mentioned in this week's Podcast:

https://news.bitcoin.com/blackrock-bitcoin-etf-attracts-414-institutional-holders-analyst-says-ibit-blows-away-record/

https://news.bitcoin.com/russia-and-iran-collaborating-on-single-brics-currency-iranian-ambassador-says/

https://www.nobsbitcoin.com/tornado-cash-developer-alexey-pertsev-sentenced-to-64-months-in-prison-in-the-netherlands/?ref=weekly-digest-newsletter

https://www.nobsbitcoin.com/ibex-pay-quits-us/?ref=weekly-digest-newsletter

https://www.nobsbitcoin.com/us-senate-votes-to-kill-sec-bitcoin-accounting-rule/?ref=weekly-digest-newsletter

https://www.coindesk.com/policy/2024/05/17/crypto-industry-rallies-behind-house-bill-as-it-heads-toward-final-vote/?_gl=1*504fz*_up*MQ..*_ga*ODcwODg5NTAuMTcxNjE1NzE1NA..*_ga_VM3STRYVN8*MTcxNjE1NzE1NC4xLjAuMTcxNjE1NzE1NC4wLjAuMTk2NjIyNjQ1Ng..

https://news.bitcoin.com/venezuelan-authorities-announce-bitcoin-mining-ban-confiscate-over-11000-miners-to-face-the-nations-energy-crisis/

https://cryptopotato.com/this-is-how-much-bitcoin-btc-el-salvador-has-mined-using-volcanic-energy-report/

https://bitcoinmagazine.com/guides/the-bitcoin-ponzi-scheme-paradox

https://bitcoinnews.com/markets/bitcoin-bullish-vwap-oscillator/

https://bitcoinfortress.substack.com/p/understanding-fiat-currency