Ten31 Timestamp 768,908
The Ten31 team wishes a Happy Holidays to everyone all around the world! We hope you all have a chance to enjoy some well-deserved downtime with family this holiday weekend, and we look forward to recharging so we can help make 2023 bitcoin’s best year yet. Also, if anyone is in need of some warmth during this winter season remember you can always mine bitcoin.
Selected Portfolio News
Start9 rolled out a series of new packaged services for EmbassyOS, including collaborative office suite CryptPad, P2P file sharing protocol IPFS, versatile lightning plugin LNBits, and collaborative transaction tool JoinMarket:
StatMuse reached multiple milestones, hitting their first month of 20 million searches in November and consecutive days with 1 million searches for the first time ever:
Dhruv Bansal, CSO of Unchained Capital, joined the Stephan Livera Podcast to discuss Unchained’s product suite and Dhruv’s experiences navigating prior bear markets.
CEO of Impervious Chase Perkins discussed the future of P2P communications and data sharing on Robert Breedlove’s podcast.
Marty Bent made a guest appearance on Nik Bhatia’s Bitcoin Layer podcast to chat about bitcoin mining and his time in the space.
In a surprising move, the BOJ raised its target yield cap on 10-year government bonds to 50bps after an extended period of pinning yields at 25bps. However, the bank also announced a significant increase in monthly bond purchases (9 trillion yen vs 7.3 trillion previously).
Meanwhile, the share of government bonds owned by the BOJ exceeded the 50% mark for the first time.
After previously announcing it would not be able to make debt payments in October and November, publicly traded bitcoin miner Core Scientific filed for Chapter 11 bankruptcy, but will continue running its ASICs during bankruptcy proceedings.
Bitcoin miners who relocated to Norway and Sweden seeking cheap energy have found themselves forced to power down due to skyrocketing power costs amid the start of winter weather.
US existing home sales declined again in November, this time by 8% M/M and 35% Y/Y, the latest macro indicator pointing to a softening macro outlook in the world’s largest economy.
Bitcoin hashrate has made a significant move downward this difficulty adjustment as miners participating in demand response programs are being compensated for turning off their machines as local residents are turning up their heat during the artic blast.
With the US national debt (excluding unfunded entitlement liabilities) well above $31 trillion, the US Congress this week passed its latest record-breaking $1.7 trillion Omnibus bill filled, as usual, with mission critical spending.
The Chairman of Russia’s Congressional Finance Committee suggested the country would move to legalize bitcoin and other cryptocurrencies for international settlement in January. Various Russian government representatives have made similarly receptive comments about bitcoin throughout 2022.
Jack Dorsey made a grant of 14 bitcoin to Nostr, an open source communications protocol that may serve as the underpinning of truly censorship-resistant, decentralized social networks.
Dormant wallets associated with defunct, bankrupt Canadian exchange QuadrigaCX moved over 100 bitcoin, with over 70 sent to the Wasabi coinjoin tool.
Popular password management service LastPass revealed that hackers were able to obtain sensitive customer data in an August 2022 attack, including personal identifying information and encrypted username and password data that may be vulnerable to brute-force attacks. This incident highlights the value of a self-hosted password manager like Vaultwarden, which can be easily run on a Start9 Embassy.