The Humanitarian Edition
💌 Hello Tribe Vibers! It’s the last week of November and we have just sailed through the Full Moon in Gemini ♊️ What does this mean? 😉…
Welcome to another exciting week in Bitcoin! Coming up:
🗞News: The latest Bitcoin News
👩💼Women in Business: Where the action is happening
💰Investors: The hottest startup in Bitcoin this week
💼 Founders: The must-have tool for your Bitcoin-powered business
🐣Moms: Tips on how to teach your kids about Bitcoin
🎧 & 🎥Vibe of the Week: Our content recommendations
📈 Trending Topics in the News
1. And then there was Binance - Sam Reynolds for Coindesk
The Scoop🕵️♂️: ICYMI 🚨 Changpeng 'CZ' Zhao's tenure at Binance has been fraught with challenges, culminating in a significant legal and financial upheaval. After stepping down as CEO in the wake of a $4 billion settlement with U.S. agencies for anti-money laundering and sanctions violations, Zhao's troubles intensified. Although he voluntarily appeared in a U.S. court, the Department of Justice remains concerned about him being a flight risk. This concern stems from the severe potential penalties he faces and his limited ties to the U.S. 💼⚖️💰
Why you should care🚨: The ongoing legal issues involving Changpeng 'CZ' Zhao and Binance serve as a striking reminder of the current regulatory ambiguity in the cryptocurrency sector. The specific challenges faced by Zhao, including his classification as a flight risk, coupled with Binance's substantial $4.3 billion penalty, shed light on the growing scrutiny crypto exchanges are facing from global regulators. This case sends a crucial message to investors, users, and operators in the crypto industry about the grave repercussions of failing to adhere to anti-money laundering regulations and sanctions. Concurrently, the sector awaits more definitive guidance from the SEC on a regulatory framework that would allow operations within the U.S. without resorting to offshoring. 🌐🔍📉 As of now, Bitcoin’s CEO has not issued a statement on this matter. 😉
The Scoop🕵️♂️: Binance, the world's largest cryptocurrency exchange, recently reached a $4.3 billion settlement with the Department of Justice (DOJ) and Commodity Futures Trading Commission (CFTC) over money laundering and failure to report suspicious transactions. Amidst this development, Noah Perlman, Binance's Chief Compliance Officer, has come into focus due to his past associations and his elevated role in the post-settlement era at Binance. Perlman's connections range from involvement in the FTX collapse, controversies at Gemini, and ties to Jeffrey Epstein.
Why you should care🌐: Perlman's background and his current influential position at Binance raise significant concerns. His past includes a stint as a federal prosecutor and various high-profile roles in financial crime compliance at Morgan Stanley and Gemini. His involvement in the controversial Gemini Earn program and his connections to entities linked to FTX and Jeffrey Epstein suggest a complex web of relationships in the financial and crypto worlds. As Binance enters a new phase of compliance and cooperation with law enforcement, Perlman's actions and decisions could have profound impacts on the exchange's operations, customer data privacy, and the broader cryptocurrency market. This situation highlights the intricate and sometimes murky intersection of cryptocurrency, regulatory compliance, and the traditional financial system.
3. Opposing the Corruptible Fiat System, Bitcoin Enforces Human Rights by Anita Posch
The Scoop🕵️♂️: This week, someone on X asked “What is your favourite Bitcoin article. This classic by Bitcoin educator and human rights activist, Anita Posch, is a must-read. In the article Anita reviews the UN’s Universal Declaration of Human Rights, and demonstrates how Bitcoin, peacefully, enforces those rights.
Why you should care🌐: Bitcoin’s ability to peacefully enforce human rights 🕊️ is one of its most important, and most overlooked qualities. From providing women 👩 with an ability to earn and save 💰 in countries that won’t allow them to open bank accounts, to ensuring that refugees 🏃♂️🏃♀️ can escape war-torn zones with their wealth, Bitcoin provides a secure 🔐 and non-violent means to secure property 🌍.
💼 Women in Business
💰Are you looking for a job in Bitcoin? With a array of job boards, recruitment firms and networking events, it’s often hard to know where to focus your efforts. Enter “Bitvocation” a telegram bot that aggregates postings from various sites. You can subscribe to the channel here.
We are also pleased to announce that one of its creators, Anja, will be hosting a session for Access Tribe members on how to optimise your job search soon!
💡 Investor Vibes
Bitcoin VCs: Spotlight on Bitcoin Investors – Strategic Investments in Bitcoin Entrepreneurs
About: The Bitcoin industry is experiencing a dynamic shift, thanks to pioneering venture capital firms like Ego Death Capital, Stillmark, and Ten31. These entities are not just nurturing Bitcoin-centric startups but also fortifying Bitcoin's role in shaping a decentralised digital economy. 🏗️🌐 Ego Death Capital, established by Jeff Booth, Andi Pitt, and Nico Lechuga, zeroes in on global Bitcoin-system ventures with the power to change the world. Stillmark, led by Alyse Killeen, holds the distinction of being the first Bitcoin-specific venture firm. Ten31, with its founder’s deep roots in Bitcoin since 2013, invests in key areas like Bitcoin mining and custody solutions. 🤝💸
Why you should care: 2022 marked a significant uptick in the Bitcoin startup ecosystem, with a 52.9% increase in transactions showcasing investor trust in Bitcoin-native firms. 📊📈 Comparatively, Bitcoin ventures outstripped the broader crypto market, which saw a marginal increase in deals. This highlights Bitcoin's unique resilience and growth, distancing itself from the broader crypto sphere and heralding a new economic era. 🌟💫
📚 Read our recent article about investments into Bitcoin-native companies here: Spotlight on Bitcoin Investors
Must-Have Tool: Cashu - What is Cashu?
Summary: “Cashu is a free and open-source Chaumian e-cash system 🌐 built for Bitcoin 💰.”
Usability: “Cashu offers near-perfect privacy 🔒 for users of custodial Bitcoin applications. In the below workshop, Calle explains the basics of the Cashu protocol 🛠️, points out some interesting projects 📈, and demonstrates how to mint 🏭 and redeem e-cash tokens 💸”
Why It’s Essential: One of the challenges with Bitcoin is the open, transparent blockchain, which while pseudonymous presents privacy challenges. Cashu aims to solve this.💡💲
🎥 Watch Dr Calle’s overview here:
👩👧👦 Bitcoin for Kids
Plushies: Kids absolutely adore plushies 🧸 because they're soft, cuddly, and make the best companions for adventures, both real and imaginary. Plushies can be a source of comfort, a playmate, and even a way to spark creativity 🎨 in young minds. Speaking of unique plushies, Bitcoin enthusiasts have something special for their little ones: Bitcoin-themed plushies created by Lina Seiche, the talent behind The Little Hodler! 🚀 Little Hodler, first introduced in a comic in July 2020, officially came to life on April 17th, 2021, thanks to Lina's imaginative artistry. These plushies bring the exciting world of Bitcoin into a form that kids can hug and cherish! 🌟 Thanks, Lina, for giving the Bitcoin community its very own cuddly mascot! 🎉
🛍 You can get your Little Hodler here: https://thelittlehodler.com/shop/
🎧 & 🎥 Vibe of the Week
Must-Listen Podcast: 🎧 If you missed our recent podcast, you missed out on meeting Mindy Minor, an inspiring figure making waves with her efforts to bring financial literacy to incarcerated women in Texas, with a special emphasis on Bitcoin 💰👩🏫. Mindy has discovered that poor financial literacy is a key factor in criminal behaviour, and educating women about finances and the workings of money can profoundly impact their lives and their children's futures 👩👧👦. Her diverse 20-year career journey, starting in the oil and gas industry 🛢️ and including a significant stint as a Program Director for a non-profit aiding young girls with incarcerated mothers, has led her to a deep involvement in the justice system ⚖️ and a passion for social justice ✊.
Mindy is now spearheading a crowdfunding campaign to raise funds for purchasing Bitcoin books 📚 to distribute to prison libraries across Texas, a step further in her mission to educate and empower. You can support this noble cause and contribute to the campaign here: https://geyser.fund/project/bitempowerbooks. 🤝💼📖
Follow Mindy here:
Follow Mindy's work here: https://healingfamiliesinitiative.com/
👋 See you all next week for more Tribe Vibes!