Good Morning, Bitcoin - Thursday, December 5th, 2024

GOOOOOOOOD MORNING, BITCOIN! Today is December 5th, 2024, and marks the day when Bitcoin surpassed $100,000 in USD terms. According to Bitbo, today also marks Gold Parity Day for Bitcoin, as its price reached parity with gold on December 5th, 2013.

What's new

• Bitcoin: $100k milestone and $2 trillion market cap. The price of Bitcoin reached $100,000 for the first time in history, marking a notable milestone and surpassing a $2 trillion market cap. It set a new all-time high of $104,000 at 3:09 AM UTC.

• U.S. officials urge Americans to use encrypted apps. Amid a major cyberattack, U.S. officials from CISA and the FBI advise Americans to use encrypted messaging apps to protect against foreign hackers. The attack, named Salt Typhoon and attributed to China, primarily targets telecom companies like AT&T, T-Mobile, and Verizon, and remains unresolved.

"Our suggestion, what we have told folks internally, is not new here: Encryption is your friend, whether it’s on text messaging or if you have the capacity to use encrypted voice communication. Even if the adversary is able to intercept the data, if it is encrypted, it will make it impossible," said Jeff Greene, the executive assistant director for cybersecurity at the Cybersecurity and Infrastructure Security Agency.

• U.S. House Financial Services Committee investigates crypto debanking. In a recent hearing, the House Financial Services Committee discussed allegations of coordinated debanking of the crypto industry. Witnesses highlighted the 'importance' of consumer protections provided by legislation like the Bank Secrecy Act and noted the 'benefits' of AI-enabled compliance and blockchain-based identity, reports The Rage.
• Texas Court blocks Corporate Transparency Act (CTA). A Texas federal court preliminarily blocked the nationwide implementation of the Corporate Transparency Act, which mandates US business entities to report stakeholder information to the Treasury Department.
  • The CTA required approximately 32.6 million existing business entities to disclose their beneficial owners to the Treasury Department’s Financial Crimes Enforcement Network by 2025.
• Trump nominates Paul Atkins as SEC Chair. President-elect Donald Trump announced plans to nominate Paul Atkins, a former SEC commissioner and Bitcoin advocate, as SEC Chairman. Atkins, CEO of Patomak Partners, supports market innovation and minimal regulation, contrasting with outgoing SEC Chair Gary Gensler.

Use the tools

• Floresta v0.7.0, a fully-validating lightweight Bitcoin node powered by Utreexo with an integrated Electrum server, has been released. Find an extensive list of the latest features and improvements here.
• Kyoto v0.6.0, a simple, memory-conservative, and private Bitcoin client for developers to build wallet applications, adds pass FeeFilter to client, as well as Signet and Bitcoin checkpoints.
• Amber v3.0.1, a Nostr signer for Android, is a major release that initiates work on the new design, removes the push notification server, fixes several issues, and more.
• Phoenix Wallet Android v2.4.5 fixes a navigation issue with LNURL-pay and adds a new migration screen in the Android legacy app.
• ZEUS v0.9.3-rc 1 is now available for testing.

• Boltz Client v2.2.3 is a patch release that changes the default mempool API endpoint for the Liquid Network.
• Boltz Web App v1.5.4 has been released with a few miscellaneous chores and refactors.
• Full Noded - Server v0.0.1-beta is the first beta release that enables mainnet by default and adds a help button with links for creating issues, joining socials, and visiting the official Fully Noded website.

• LN Markets launch LNM Futures with better liquidity, real-time volume ladder, and more resilience in high volatility environments. Learn more about it here.
• Bitcoin prediction market Predyx launched multi-option markets.
• CalyxOS v5.14.0 is a December 2024 security update.

Other stuff

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