In The News

The Bitcoin ecosystem tends to move quick sometimes, but we’ve done our best to compile some of the most interesting news that’s happened over the course of the last week - let’s get started.

Yuga Labs Launches Ordinal Collection

Yuga Labs recently concluded its TwelveFold auction, a collection of Bitcoin-native Non-Fungible Tokens (NFTs), and the results were impressive. The auction saw 288 successful bidders place more than 735 BTC ($16.4 million) on the assets, making it one of the most successful NFT auctions to date. Read the full article HERE

U.S. Court Questions The Rejection of Grayscale’s Bitcoin Fund

Things begin to look more optimistic following an oral argument on March 7th regarding Grayscale’s lawsuit over the SEC’s rejection of its application to become an ETF. A ruling is expected in Q2 or Q3, and the chances of vacating the rejection order have shifted towards becoming more favorable. This could mean a potential $5.5 billion in value being unlocked for GBTC. To read more in-depth about this decision, check out this article featured by Reuters.

New Exciting Strike Partnerships

River Financial Inc. / Bitcoin Magazine

Bitcoin Magazine has announced a partnership with River Financial, a Bitcoin financial services company, to integrate the Lightning Network into its platform. The partnership will allow River Financial users to access Lightning Network functionality through the company's mobile application, enabling faster and cheaper transactions. Additionally, Bitcoin Magazine and River Financial plan to collaborate on educational content and events to promote the adoption and use of Lightning Network technology. Read the full article by Bitcoin Magazine HERE

Perth Heat Launches “Living Room of Satoshi”

The Perth Heat, a professional baseball team based in Western Australia, has partnered with Bitrefill, Wallet of Satoshi, and Ibex to launch Living Room of Satoshi, a mobile app to offer Bitcoin rewards to its fans. The initiative aims to promote cryptocurrency adoption and awareness among sports enthusiasts, while providing a unique and engaging experience for the audience.

Fans of the Perth Heat can use the Living Room of Satoshi app to receive instant Bitcoin rewards after every play during the team's games. The rewards can be used to pay bills, purchase goods and services or exchanged for traditional currencies.

The partnership between the Perth Heat and Living Room of Satoshi is part of a trend in the sports industry, where teams and athletes are increasingly exploring the use of blockchain technology and cryptocurrencies to improve fan engagement and increase revenue. It may not be long before other sports teams begin accepting Bitcoin and other cryptocurrencies for ticket purchases and merchandise sales.

Overall, the partnership between the Perth Heat and Living Room of Satoshi represents an innovative approach to fan engagement and a step towards the mainstream adoption of cryptocurrencies in the sports industry.

Jack Dorsey’s Block Announces Mining Development Kit

Blockchain technology firm Block announced the release of its Mining Development Kit (MDK), a platform designed to help developers and businesses create new mining algorithms and protocols. The MDK will provide tools to simplify the process of creating and testing mining algorithms, and will also allow for the creation of new consensus protocols that can improve blockchain network security and efficiency. The platform is intended to foster innovation and experimentation in the mining industry, ultimately leading to the creation of new and more advanced mining technologies. Read the full blog post HERE

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