Block 789560: Important News of the Week

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News

• High Fees Force Binance To Rediscover Bitcoin, Explore Lightning Withdrawals
• Muun Wallet Is Experiencing Issues As High Fees Continue
• Bittrex U.S. Files For Chapter 11, Bittrex Global To Continue Operations
• Human Rights Foundation Gifts 16.5 BTC For 12 Bitcoin Projects
• China's Bitcoin Ban Has Been Ineffective: At Least $17Bn Transferred by Chinese Nationals Last Year
• Paxful Marketplace Comes Back Online Under Leadership By A Custodian
• Bitcoin Ownership Is Rising As More People Hedge Currency Devaluation, Failing Banks
• Stripe Launches Fiat-to-Crypto Onramp That Also Supports Bitcoin Purchases
• Mi Primer Bitcoin Crowdfunds 1 BTC On Geyser For 2023 Expansion
• PayPal Customers Hold $500M Worth of Bitcoin On The Platform
• BitMEX Extended Chris Coverdale’s StratumV2 Grant Until November 2023
• Marathon Digital and Zero Two To Develop Large-Scale Immersion Bitcoin Mining Facilities in Abu Dhabi
• Bitcoin Held On Exchanges Hits Five Year Low
• Tether Reports $1.48Bn In Q1 Profit, Reveals Bitcoin and Gold Holdings
• Ledger Bitcoin App's Implementation of Miniscript Had A Theft Enabling Bug
• HMRC Seeks Powers To Seize Bitcoin From Custodial Wallets
• Adopting Bitcoin 2023 Conference To Take Place on November 7-9 in San Salvador
• EU To Introduce New Rules on Sharing Crypto Tax Data
• Brad Sherman Brags That US Gov Can Print Millions Out Of Thin Air, Then Calls Out Grayscale For GBTC
• Summer of Bitcoin 2023 Received 10357 Student Applications From 74 Countries
• BlockFi Users Can Withdraw $300M From Custodial Wallets But Not $375M From Interest-Bearing Accounts - Judge
• Binance Closes Down in Canada

Updates and Releases

• Nostr Development Kit(s): Build Nostr-Related Applications
• Alby Extension v2.0.0: Significant UI Upgrades
• Mostro: Lightning Network P2P Exchange Platform on Nostr
• Parmanode v3.2.0: Added LND, Mempool Space
• BTCPay Server v1.9.3: Polish and Bug Fixes
• Nix Bitcoin v0.0.91: Software Updates
• LNbits v0.10.6: Fixed LndHub Issues and More
• ZapPlanner: Periodic Payments in Bitcoin
• Bull Bitcoin Launches No KYC Bitcoin Purchases with Cash or Debit
• Nunchuk Android v1.9.30, iOS v1.9.25 Released
• Foundation Passport v2.1.0: P2TR, BIP-85, Nostr, SeedQR Export & More
• Mutiny Node v0.3.0: Address Labeling, Contacts & Logging
• RoboSats v0.5.0-alpha: Upgraded Robot Authentication & More
• Bitcoin Optech #250: PoWswap Protocol
• ZappedIt: Reddit-Style Client For Nostr
• Current App v0.0.9: Wallet Connect, Improved Search View
• Azteco Bitcoin Vouchers Can Now Be Purchased with Cash At Over 126000 Locations in Brazil
• Core Lightning v23.05 Released
• Damus v1.4.3: App Store Release
• Twentyone.World: A Blueprint for Localized Bitcoin Communities
• Amethyst v0.46.0: Tor Support
• Listr: Create and Manage Lists on Nostr
• Bay Wallet: LDK Wallet & Nostr Client By Tampa Plebs
• Nostr Plebs Email Service Launched
• Pinstr: Boards for Curating and Sharing Ideas & Interests
• Bitkit v1.0.0-beta.46: UI Improvements & Bug Fixes
• Primal Open Sourced Its Hallmark Nostr Caching Service
• Electrum v4.4.3: More Bug Fixes
• Liana v1.0 Released: UI and UX Overhaul
• Cashu Nutshell v0.12.0: Wallet REST API, TokenV3, Coin Selection
• Relayable.org: Global Nostr Relay Network
• Edge Firmware for Coldcard Mk4 - Developer Preview
• Magic Webstore (ex-Superstore): Ecommerce Simplified

Research and Guides

• Fiatjaf: Using Spacechains and Fedimint to Solve Scaling
• Proposal: Payment Route Reservation - PTLC/HTLC with Reusable Static Invoices
• ZeroSync: Introducing Validity Proofs to Bitcoin

Mining Stats

• Bitcoin fees craze fueled by Ordinals and BRC-20 token boom has subsided in the second half of the week. Currently, one would pay 65 sat/vB to get into the next block, per Mempool.space.
• Bitcoin mining difficulty is set to adjust in approximately 700 blocks or the next 5 days.
• Next bitcoin halving is estimated to happen in approximately 12 months from now, or in slightly more than 50000 blocks.

Lightning Stats

• The Lightning Network capacity went down by 11 BTC, down to 5438 BTC, while the total node count increased by 175 nodes, up 1.2% in last 7 days. The network's channel count went up as well, as there currently are 198 channels more compared with the previous week, per Mempool.space.