💻 ETN LAUNCHED

A New Physically Backed Bitcoin ETN Just Launched In Germany
By Shawn Amick

The German financial services and publicly traded firm EQONEX Limited, has launched a new physically backed exchange-traded note (ETN) on the Deutsche Böorse XETRA Exchange.
The new fund will allow German investors to use standard brokerage services to trade back and forth between the asset while also allowing investors the opportunity to redeem for actual bitcoin.
“Germany makes an ideal, strategic launchpad for our Investment Products business, given its sophisticated and highly educated investment community." – Jonathan Farnel, CEO of EQONEX

🏹 ANOTHER ARROW

New York State Slings Another Arrow At Bitcoin Mining
By Rick Mulvey

This article explores the attitude of the New York State towards the Bitcoin mining industry and some of the regulatory measures its legislatives have already enacted those that are currently in discussion.
For example, the New York State Department of Environmental Conservation (DEC) on June 30 denied the Title V Air Permit renewal for the Greenidge Generation power plant and cryptocurrency data center in Dresden. Furthermore, the New York State Assembly has passed a bill to direct the New York State Department of Financial Services to establish a task force to study cryptocurrency mining.
Fortunately, there are also cryptocurrency proponents that are dedicated to pointing out to the government all the benefits that the industry could bring to the energy sector and the state.

📰 THE DAILY BITS

Bitcoin Mining Loaner Program Helps Teach New Users
By Barnminer

Have you ever wondered what it would be like to be a part of the Bitcoin mining industry?
The vast majority of Bitcoiners are not actively involved in the process of validating transactions and securing the network because, for that, specialized hardware is required. However, the truth is that it is not actually that difficult to start your own Bitcoin mining operation.
The author of this article describes his experience with a Bitcoin mining loaner program, which consists of having access to a borrowed ASIC for a day, week or month, to provide enough learning for the ins-and-outs of home mining, such as its set up, sound mitigation, heat, electricity and home networking. The hope is that participants can learn more by doing than reading or watching.
He also invites the readers to consider creating their own loaner program locally and give the gift of education to the community.

MEME OF THE DAY