☠️ Political Suicide

Happy Friday - Here is your In A Nutshell from The Bitcoin Collective⚡️

🌎 Chipper x TBD

TBD, a part of Jack Dorsey’s Block Inc. focused on creating open and decentralised technologies to connect the financial world, has partnered with Chipper Cash, one of the largest financial technology firms in Africa to accelerate its global cross-border payments.

Chipper Cash President and Co-founder Maijid Moujaled said: “Remittances are a lifeline for many African families, but the costs of sending money to the continent remain among the highest globally… By plugging into an open protocol like tbDEX with numerous network participants, we believe we can, collectively as an industry, drive down these high costs and facilitate remittances in a more efficient, transparent and compliant manner.”

🤓 $1M Research Project

Cornell's Brooks School Tech Policy Institute (BTPI) announced a $1M project to research the relationship between Bitcoin and financial freedom across multiple countries.

According to Professor Kreps, the project will focus on about 12 countries, including India, Nigeria, El Salvador, Indonesia, and Turkey, and investigate Bitcoin and stablecoin uptake.

☠️ Political Suicide

The Senate passed legislation that would overturn the SEC's Staff Accounting Bulletin (SAB), preventing highly regulated financial firms from custodying Bitcoin and other cryptocurrencies. The legislation passed with a vote of 60 to 38, demonstrating bipartisan support for the measure.

Despite the Senate's approval, the future remains uncertain due to the threatened presidential veto. However, a veto by President Biden could potentially be political suicide.

🔥 What else have you missed?

1. $2 Billion in spot Bitcoin ETFs: Millennium Management reveals investment in SEC filing.

2. Controversial figure Andrew Tate says he's "about to leave fiat completely" and buy over $100 million worth of Bitcoin.

3. A new study shows Microgrids NOT using Bitcoin Mining waste large amounts of renewable energy.

4. The EU Securities Authority is exploring adding Bitcoin and Crypto exposure to the €12T investment market.

🍾 Friday Fun!

This week there is no theme, it’s a free-for-all - Play here

🧞‍♂️ Your wish is our command