Humble Bitcoiners!

It's Wednesday! Get your coffee ready, stack some sats and sit down for your daily dose of Bitcoin signal!
Today's Rundown:
  • Pristine Collateral: FDIC working on U.S. banking rules to allow the holding of bitcoin, facilitate trading and for it to be used as collateral for loans.
  • Touchdown: Tom Brady gives fan 1 bitcoin in exchange for his 600th touchdown ball.
  • Flow: A new interface for Lightning Pool.
  • Philanthropy: How bitcoin reshapes philanthropy with Bill Pulte.

PRISTINE COLLATERAL

FDIC Chairman: U.S. Regulators Exploring How Banks Could Hold Bitcoin By Namcios


Jelena McWilliams, the chairman of the Federal Deposit Insurance Corporation, mentioned yesterday in an interview that a team of U.S. bank regulators is working on a more precise set of rules for banks who desire to engage with bitcoin and other cryptocurrencies. This comes with the intention of allowing U.S. banks to hold bitcoin in custody, facilitate trading and use it as a collateral for loans or even hold them on their balance sheet.

With the increase of adoption in the past few months from diverse institutions adding bitcoin in their balance sheet or accepting the asset as means of payments, banks had two choices — fight it or join it, and and it seems they've chosen to join, as they know they can't stop it.

"I think that we need to allow banks in this space, while appropriately managing and mitigating risk.. If we don't bring this activity inside the banks, it is going to develop outside of the banks...The federal regulators won't be able to regulate it." - Jelena McWilliams
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BITCOIN MAGAZINE - GET 4 ISSUES/YEAR!

TOUCHDOWN

Tom Brady Gives Fan One Bitcoin In Exchange For 600th Touchdown Ball
By Namcios

Tom Brady, Tampa Bay Buccaneers quarterback, better known as the GOAT, will give one bitcoin to a fan in exchange for his 600th career touchdown ball. Last Sunday he became the first NFL player to throw 600 touchdowns, but Mike Evans, the receiver, didn't realize it at the moment and gave the ball to a fan in the stands.

As soon as they realized this, the team officials headed towards the fan to try and negotiate. Bryan Evans, the fan, will receive one bitcoin, plus two signed jerseys, a signed helmet, Brady's game cleats and $1000 worth of store credit at the Buccaneers team store, as well as a ticket for two seasons. 

Some people might think Bryan made a mistake, but in a couple of years, holding bitcoin will likely be the clear winning move.
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THE DAILY BITS
Click the links:

1. Bitcoin exchange FTX bought an ad for the upcoming NFL Super Bowl for an undisclosed amount, said to take advantage of the game’s high viewership.

2. The founder of Lightning company LNPay.co discusses how his API service helps businesses integrate Lightning.

3. Examining the dynamics of short-term holders during bitcoin bull markets and bear markets.

4. The Invictus Capital Q3 report demonstrates how bitcoin- and crypto-centric funds yield great returns.

5. The biggest event in Bitcoin history, Bitcoin 2022, is supporting Bitcoin's open-source community with a $1 million ticket giveaway.

FLOW

Voltage Launches Flow, An Interface For Lightning
By Namcios


Voltage, the Lightning node cloud hosting platform, has announced Flow, a new interface that is to make the Lightning Pool liquidity marketplace more accessible to everyday users. The Lightnig Pool is an open market which allows nodes to purchase inbound or outbound capacity for a fee.

The Lightning Network has the challenge of its entry point for new users, as often if new users desires to run a Lightning node, they end up facing the issue with liquidity, and not being able to send or receive until someone opens a channel with them. 

Through an API, Flow will allow new users to onboard to the Lightning Network through well connected nodes by going through an auction.

“Flow gives the Lightning liquidity market an easy interface for those in need of liquidity,” - Voltage
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PHILANTROPY

How Bitcoin Reshapes Philanthropy With Bill Pulte
By Bitcoin Magazine

In this episode of the Bitcoin Magazine Podcast, Alex McShane sat down with guest Bill Pulte, CEO of Twitter Philanthropy, to discuss his charity. They discussed:

  • What is the right way to allocate resources?
  • Is Twitter Philanthropy a capitalist organization?
  • How should charitable donations be facilitated?
  • To what extent good deeds go unreciprocated?
  • What is the best way to educate people about bitcoin?

“Bitcoin will reshape how people look at solving poverty.. What I mean by that is, with Twitter now going to Lightning and being able to send bitcoin very quickly.. I believe Twitter will enable us to reach anywhere in the globe and be able to instantly transfer value.” - Bill Pulte
Read Full Article

MEME OF THE DAY
By Starfury (Video)

The rabbit hole only goes deeper and deeper. Bitcoin's value proposition is infinite.

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