This week in Bitcoin – July 1st, 2019

This week in Bitcoin – July 1st, 2019

Hi, I’m Nate Martin from and here’s what happened
this week in Bitcoin in 99 seconds. A video surfaced this week of an Iranian Bitcoin mining operation running inside a mosque, buildings which receive free
electricity in the country. It was reported that $260k worth of Bitcoin has been mined inside 100 different Iranian mosques. Meanwhile, the government is shutting
off power to identified Bitcoin miners and seized about 1,000 ASIC miners
from two abandoned factories. Square’s Cash App is launching bitcoin deposits. Cash App users can purchase and
sell Bitcoin and they can also make cryptocurrency transfers to other wallets. The app might have started rolling out
the feature prior to full launch according to Bitcoiners on Twitter as deposits are
not yet available for all Cash App users. The Commodity Futures Trading Commission
has cleared Bitcoin derivatives provider LedgerX to offer physically settled
Bitcoin futures contracts. Unlike the cash-settled Bitcoin futures,
in a physical settlement, the buyer receives Bitcoin when a contract expires,
rather than the fiat equivalent. LedgerX is the second company to receive approval to offer physically settled Bitcoin futures. And finally, Coinbase released a report
stating that 58% of Americans are able to identify Bitcoin as a cryptocurrency,
whereas 37% are aware of it in general. Also, Bitrefill has unveiled a new
Recharge service which allows Lightning Network integration with Coinbase. Coinbase users will be able to easily leverage
the full capabilities of the Lightning Network through their Coinbase accounts. That’s what happened this week in Bitcoin.
See you next week.

2 thoughts on “This week in Bitcoin – July 1st, 2019

  1. Glad I stumbled on this page. Short informative videos that'll keep me on the loop with Crypto news. Thank you.

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