May 24, 2022

Episode 20: Bitcoin Global & Australian News - HardBlock Affiliate Program, Next BushBash, New Zealand "Inflation Storm", State & Institutional Adoption, Mining Expansions, and Aussie ETFs & Taxes.

45 minutes

https://www.hardblock.com.au/join/ozbitcoinpod

The Australian Bitcoin Podcast is focused on Australian bitcoin and privacy content, including educational episodes, recent news, and guest interviews.

Thanks to our hosts:

https://twitter.com/mission_bitcoin

https://twitter.com/danWilcz

https://twitter.com/hardblockbtc

https://twitter.com/ausbitcoinpod

Sponsored by HardBlock - Australia's first and oldest bitcoin-only exchange: https://www.hardblock.com.au

Notes

- HardBlock affiliate program

- Bitcoin Bush Bash

https://twitter.com/bitcoinbushbash

https://bitcoinbushbash.info/

GLOBAL

- United States annual CPI is 8.3% as of April, remaining close to 40-year highs

https://www.theguardian.com/business/live/2022/may/11/german-price-increases-record-high-food-energy-rises-us-announce-inflation-rate-business-live

- United Kingdom annual CPI is 9.0% as of April, a 40-year high

https://tradingeconomics.com/united-kingdom/inflation-cpi

- New Zealand hands out extra cash to fight ‘inflation storm’ (a NZ$1 billion spending package)

https://apnews.com/a060a933f661d4d13a7686a17bb211f0

- President of El Salvador announces 32 central banks and 12 financial authorities (44 countries) will meet in El Salvador to discuss financial inclusion, digital economy, banking the unbanked, and the El Salvador bitcoin rollout|

https://bitcoinmagazine.com/markets/el-salvador-president-nayib-bukele-announces-countries-to-discuss-bitcoin

- Warren Buffet-backed NuBank (Latin America's largest digital bank) to convert 1% of its cash reserves into bitcoin and to enable bitcoin trading for their customers

https://bitcoinmagazine.com/business/warren-buffett-backed-nubank-buys-bitcoin-adds-trading

- Texas Pacific Land Corporation (one of the largest landowners in Texas) has partnered with with a digital infrastructure provider and bitcoin miner (Mawson Infrastructure and JAI Energy) to establish a 60 megawatt mining facility in West Texas

https://bitcoinmagazine.com/business/texas-pacific-land-corporation-bitcoin-mining-facility-launching-in-texas

- Nomura (Japan's largest investment banking broker) to launch a subsidiary focused on institutional bitcoin and digital asset products

https://bitcoinmagazine.com/business/nomura-to-launch-bitcoin-crypto-subsidiary-report

AUSTRALIA

- 100%-backed spot bitcoin ETF was made available mid-May on the Australian secondary market (CBOE)

https://cryptonews.com.au/australia-first-btc-and-eth-etf-goes-live-today

- Australian Tax Office “prioritizes” bitcoin and cryptocurrency capital gains tax reporting

https://finance.yahoo.com/news/australian-taxation-office-prioritizes-crypto-094530979.html

https://iorder.com.au/publication/Download.aspx?ProdID=75362-09.2021

TECHNICAL

- New bitcoin mining data released by the Cambridge Centre for Alternative Finance confirmed the growing dominance of the US (accounting for 37.84% of bitcoin mining) and revealed a resurgence of China as the second largest mining hub (21.11%)

https://www.jbs.cam.ac.uk/insight/2022/bitcoin-mining-new-data-reveal-a-surprising-resurgence/

- Unsure how BIPs are implemented? Confused by terms like "Miner Activated Soft Fork (MASF)", "User Activated Soft Fork (UASF)", "User Resisted Soft Fork (URSF)", and "Speedy Trial"? Check out this recent explainer article

https://bitcoinmagazine.com/technical/how-to-upgrade-bitcoin

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By HardBlock