Bitfinity Weekly: Bitfinity Network Effects
Welcome to Issue #149 of Bitfinity Weekly for our #BITFINIANS community. If this newsletter was forwarded to you, sign up here.
What's in Today's Email?
- Bitcoin Bytes
- Global Crypto News
- In the IC
- This Week in our Blog
- Tweet of the Week
- Meme Time
- A Matter of Opinion
Bitcoin Bytes
Tap Out: Taproot Wizards, an Ordinal collection that was inscribed two years ago, is finally opening its mint later this month. In the years since its inscription, the Taproot Wizards project has been one of the most prominent projects in the ecosystem, with the team advocating for an OP_CAT-enabled ecosystem. Xverse is their exclusive wallet partner for the whitelist and minting process; no other wallets can be used to acquire a Taproot Wizard at mint.
Just Add Liquidium: Liquidium, a Bitcoin DeFi platform that enables peer-to-peer Bitcoin, has opened up Alpha Testing for Instant Rune Loans for holders of $LIQ, the platform's native token. Liquidium allows for lending via collateralizing Bitcoin ecosystem assets (like Ordinals, Runes and BRC-20s). The instant loan process is made possible by a multi-sig wallet facilitated by ICP canisters.
Wallstreet's Embrace: Rumble, a video-sharing platform embraced by right-wing and conservative communities, added over $17M worth of Bitcoin to its corporate treasury. The move is part of the Nasdaq-listed company's plan to allocate up to $20M of its cash reserves to Bitcoin. Rumble joins the recently growing number of publicly traded companies to add the cryptocurrency to its balance sheet to serve as a hedge against inflation.
Something to Tweet About: Michael Saylor tweeted a video of his recent presentation at the Bitcoin Policy Institute. Watch here.
Global Crypto News
TOP News: Telegram Wallet introduced in-app crypto trading and yield features this week. Developed and launched in 2023 by a third party company called The Open Platform (TOP), the Telegram Wallet boasts direct integration with Telegram, one of the crypto world's most widely used messaging apps. Following this update, users are now able to buy, sell, trade, and earn yield on cryptocurrency directly within the app.
Risk Drivers: According to recent research from top cybersecurity firm Kaspersky, criminals are tricking YouTube creators into adding crypto-mining malware to their videos. Video guides on Windows Packet Divert drivers, popular for their use in circumventing geographic restrictions, are being targeted by hackers who submit copyright strikes, then force YouTube creators into adding a link that drives traffic to malicious links.
Machine Learning: Nebraska bill LB609 was signed into law Wednesday by its governor as part of the state's mission to drive cryptocurrency adoption. The Controllable Electronic Record Fraud Prevention Act implements regulations to make individuals better informed about their transactions at Bitcoin ATMs and other electronic kiosks. The bill also sets clear guidelines for fraudulent behavior, enabling customers who report illegal activity within 90 days to receive a full refund from the operator.
In the IC
Staying Active: A reminder for all NNS stakers... period confirmation of following must be done in order to continue receiving NNS staking rewards! ICP governance participants must stay active as voters and regularly confirm their following settings or be considered 'inactive'. You can follow the steps in this video guide or read about the process on the official DFINITY Medium.
Pulse Chain: The Internet Computer has officially reached the Pulse Milestone! The new milestone, centered around the user experience of Internet Identity, eliminates the need for anchors and bolsters OpenID support, removing essential friction points between Internet Identity, wallets, and integrated dapps.
Road Trip: Have you seen the latest ICP Roundup? From the newly launched 2025 ICP Roadmap, events and talks at EthDenver, Oisy wallet upgrades, and new partnerships with Lukka, Elliptic, Coinify and more. Catch up here.
This Week in our Blog
Scalability and cost of Bitcoin has prevented it from becoming the execution layer for DeFi. In this article we take a deep dive into dominant Bitcoin L2s and how each tackles the current issues at hand.
Hans
Tweet of the Week
If you use Bitfinity, you might want to know how external network transactions are processed.🔗
— Bitfinity Network (@bitfinitynet) March 13, 2025
Here’s a quick breakdown👇 pic.twitter.com/u9WnQn8oWk
Meme Time
A Matter of Opinion
The vibes in the trenches have not been so good this past week. We have certainly seen better days. From majors to alts to memecoins, price action has not reflected the optimism we expected to feel following favorable regulatory changes, news of a strategic American crypto reserve, and expansion of crypto companies into international territory.
Many industry experts point their fingers at the Trump administration and looming threats of trade wars as the reason for crypto's seemingly stalled trajectory, and as a trader who began her journey 9 years ago, it is bittersweet to see how much the crypto market has synced with the TradFi world. Once upon a time, Bitcoin was seen as a hedge against the traditional markets. Now, Bitcoin (and Ethereum... and even the likes of tokens like Fartcoin) moves with them.
On one hand, it is a relief to see that cryptocurrency is no longer seen as niche, internet funny money, but embraced by governments and corporations alike. Michael Saylor's recent presentation at the Bitcoin Policy Institute makes it very clear that global entities see crypto as footholds in digitial territory, much like a nation planting their flags on unexplored lands. In the video Saylor says, "The dollar is currency, Bitcoin is capital", reiterating that this more than speculative store-of-value. Blockchains are real, they are technology, they are real estate than can be built on and developed, even collateralized.
While we don't know what the markets will show us next week, here at Bitfinity we keep the vibes at high frequency. Rain or shine, red or green, our team shows up to continue building into this new world, and we thank you for joining our journey.
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