The Thanksgiving Edition
💌 Hello Tribe Vibers! Happy Thanksgiving week!🦃 We hope you have some quality time lined up with friends and family, and that you are prepared to be the most unpopular guest at the table as you relentlessly try to orange💊 everyone over dinner 😁
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. Custodia Bank’s New Service for Bitcoin Companies - Mickey Koss for Bitcoin News
The Scoop🕵️♂️: In this recent article by journalist Mickey Koss, he talks about how Custodia Bank has recently launched their bitcoin custody service, a significant development for their operations within the bitcoin space. As a Special Purpose Depository Institution, Custodia Bank distinguishes itself by not rehypothecating assets, ensuring full reserve even for US dollars. This launch is a big move in a banking world dominated by fractional reserve systems, where banks perpetuate credit creation and monetary expansion. The success of bitcoin companies in such a system ironically strengthens it, raising concerns among those who criticize this financial model.
Why you should care🚨: The traditional banking system, with its fractional reserve nature, poses risks for bitcoin companies, especially in light of events like the FTX collapse and regulatory actions like Operation Chokepoint 2.0. These incidents illustrate the hazards of being dependent on a system that doesn't align with the principles of bitcoin. Custodia Bank offers an alternative path, providing a banking solution built by and for the bitcoin community. It represents a shift towards a system that respects the values of bitcoin, offering a refuge for companies and individuals seeking to align their financial practices with their belief in bitcoin's potential. Supporting institutions like Custodia Bank is crucial for the bitcoin community to ensure their success doesn't inadvertently strengthen the very system they aim to reform.
The Scoop🕵️♂️: In a significant move towards greater tax transparency in the rapidly growing crypto-asset market, 48 countries, including major economies like the United States, Japan, and members of the European Union, have jointly announced their commitment to implementing the Crypto-Asset Reporting Framework (CARF). Developed by the OECD, CARF is designed for the automatic exchange of information between tax authorities on crypto-asset transactions. This initiative aims to clamp down on tax evasion and ensure tax compliance across the burgeoning crypto market.
Why you should care🌐: The implementation of CARF marks a crucial development in global financial regulation, especially for those involved in the crypto-asset industry. The planned integration of CARF into domestic laws and its activation for information exchange by 2027 will significantly impact the way crypto-asset transactions are reported and taxed. This move is set to enhance tax transparency and reduce potential tax evasion routes in the crypto space, signaling a major step towards the maturation of the crypto-asset market. For investors, companies, and individuals dealing in bitcoin and other digital assets, staying informed and compliant with these evolving regulations will be essential.
💼 Women in Business
💰Are you working in traditional finance or at a payment company like Cash App, PayPal, Visa or Mastercard? If yes, then this event is your gateway to understanding Bitcoin's role in transactions globally 🌎 Dive into the world of Bitcoin payment technology and network with top industry developers at this intimate conference hosted by developer and educator extraordinaire @NiftyNei!
💃 Join her in the stunning Buenos Aires for the bitcoin++ conference, happening from February 22-24.
📅 Dates: February 22-24
💰 Ticket Prices: $179 (Fiat), $159 (Bitcoin)
🏙️ Experience the vibrant culture and dynamic vibe of Buenos Aires while engaging in transformative discussions.
🎟 For more information and to get your tickets, visit: https://btcplusplus.dev/conf/ba24
(Image courtesy of NiftyNei)
💡 Investor Vibes
Hot Company: Gridless – "Sustainable Bitcoin Mining in Africa."
About: Gridless is a transformative hydro-powered Bitcoin mining initiative in Africa, led by Erik Hersman and Janet Maingi. They're revolutionising Bitcoin mining, bringing power to rural communities, and significantly reducing energy costs.
📚 Read our recent article about Gridless here: https://accesstribe.substack.com/p/spotlight-on-gridless
Why you should care: Gridless isn’t just about Bitcoin mining. They're a beacon of sustainable business, showcasing how eco-friendly practices can align with profitability. Their approach exemplifies a shift towards environmentally conscious business models in the Bitcoin mining industry.
Investment: In 2022, Gridless secured $2 million in funding from Stillmark and Block, Inc. This investment is propelling their expansion across African markets, emphasising accessible energy in rural areas.
(Image courtesy of Gridless: https://gridlesscompute.com/media/)
Must-Have Tool: Nostr Eggs - Data and API monetisation using Nostr and the Lightning Network
Summary: NostrEggs, co-founded by filmmaker Pierre Corbin, is at the forefront of data monetisation, integrating Nostr's decentralised communication with Bitcoin's Lightning Network. This innovative platform allows founders to monetise data through a GPT query system and micro-payments on the Lightning Network.
Usability: The process involves creating private keys, managing data in Nostr Nests, and setting data visibility and pricing. Payments are received via a Lightning address, and with a nominal processing fee, data is ready for marketplace access.
Why It’s Essential: NostrEggs represents a major advancement in data science, offering a unique and efficient solution for data monetisation. 💡💲
🎥 Watch Pierre’s overview here:
👩👧👦 Bitcoin for Kids
Educational Tools:📚Not enough children’s stories about Bitcoin? Then create your own. Mags Granowska, advisor to the Salvadoran Digital Securities Commission, shows you how on this very cool tweet thread: https://x.com/Crypto_Mags/status/1725683875232481595?s=20
🎧 & 🎥 Vibe of the Week
Must-Listen Podcast: 🎧 Delighted to share our recent conversation with Dr. Stacey Boyle, co-founder of Bitcoin Transformation Community 👩🏫👥. This non-profit, focused on teaching financial literacy through a Bitcoin lens 🔍💰 to incarcerated individuals, is making waves.
With over 25 years in corporate learning and development, Stacey has been a guiding light in strategising learning solutions for major organisations 🏢🏛️. Her co-authored book, "Be More Strategic in Business" 📚, and her work pivoting towards Bitcoin education 🚀💼💲, marks a significant chapter in her illustrious career.
Catch her at the “Unconfiscatable” Bitcoin conference in Las Vegas 🎤
🎰 December 6-8th. Use code BTCTC10 for a 10% discount on tickets 🎟️✂️.
🔗 Coming Up on Access Tribe - We’ll be dropping some content to walk you through how to setup a BTC PayServer.
📅 Also, we are scheduling a live session with the Voltage.Cloud team to give you a walk through on how to onboard your business to both BTC PayServer and Nostr.
👋 See you all next week for more Tribe Vibes!