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Not Your Keys Not Your Coins Forever | Episode 83 Week 36
Hey there folks, I've got some exciting news for you in the world of cryptocurrency. Today, we're going to dive into some interesting developments in the Bitcoin space that you won't want to miss. So, let's get right into it! First up, we have some big news from the renowned asset manager Deutsche Bank. They've recently partnered with a Swiss company called Taurus to offer Bitcoin custody services to their institutional clients. This move signifies the growing interest and recognition of Bitcoin as a valuable asset in the financial industry. In other news, Bitcoin is gaining even more popularity among the masses. Did you know that on September 8th, Bitcoin's Wikipedia page registered a whopping 7,830 views? That's the highest number of views in 2023 so far! It just goes to show how much attention this revolutionary digital currency is attracting. But that's not all, my friends. We also have some exciting news regarding Bitcoin mining and its impact on the environment. Bloomberg Intelligence has confirmed that over 50% of Bitcoin mining is powered by renewable energy sources. This is a significant milestone for the cryptocurrency industry as it addresses concerns about the environmental impact of mining operations. Moving on, in an unexpected turn of events, Macquarie Bank in Australia has announced their plans to eliminate cash at their branches. It seems they want total control, and guess what? Bitcoin can fix this. With Bitcoin, individuals have complete ownership and control over their funds, eliminating the need for intermediaries like traditional banks. Talk about taking charge of your finances! Now, let's switch gears a bit and talk about something fun. Have you heard about the Bitcoin mining board game? Yeah, you heard that right! It's a game that lets you experience the thrill of mining Bitcoins in a virtual setting. Sounds pretty cool, doesn't it? Who knew you could combine learning about cryptocurrency with a fun and interactive game? Speaking of learning, let's take a moment to dive into some interesting facts about the cost of producing physical currency. Did you know that it costs more to mint a $0.05 nickel than it does to print a $100 bill? It's mind-boggling, right? And guess what? It's all fake! That's where Bitcoin comes in. Bitcoin is a decentralized digital currency that operates outside of the traditional financial system. With Bitcoin, you can study it, become ungovernable, and opt out of the existing system. In recent news, we have seen some shake-ups happening at Binance US. The Chief Risk Officer, Sidney Majalya, as well as the Head of Legal, Krishna Juvvadi, have decided to step down following increased pressure from regulators. This comes after Binance US CEO Brian Shroder also left the company earlier this week. It will be interesting to see how these changes impact the future of the exchange. Now let's talk about Bitcoin dominance. It's back over 50%! This means that Bitcoin's market capitalization is once again more than 50% of the total cryptocurrency market. It's a sign of Bitcoin's strength and resilience in the face of competition from other cryptocurrencies. Breaking news: Swan, a US-based Bitcoin company, has announced a partnership with BitGo to launch the first Bitcoin-only US custodian.