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🎩 Coinbase to integrate Lightning?

🎩 Coinbase to integrate Lightning?

PLUS: Arkansas loves bitcoin mining

Money Badger
April 10, 2023

GM and happy Monday plebs. Welcome back to another edition of the Money Badger.

While this week price action has been pretty boring, we still have a whole load of fresh news for you to catch up on.

In today's news:

⚡ Coinbase to integrate Lightning Network?
☢️ Bitcoin’s nuclear success
⚖️ Arkansas state passes bill protecting miners

COINBASE TO INTEGRATE LIGHTNING NETWORK?

We know it will happen eventually…

Coinbase CEO, Brian Armstrong has hinted at integrating bitcoin lightning network in a recent tweet.

My tweets auto-delete after some number of months, so there is no search history.
Lightning is great and something we’ll integrate.
— Brian Armstrong (@brian_armstrong)
8:09 PM • Apr 8, 2023

The exchange is the largest in the US, let’s take a look at the numbers:

110M+ verified users
$145B in quarterly volume
$80B assets under management
100+ countries
4,500+ employees

Integrating and exposing these users to the lightning network would be extremely beneficial for Bitcoin.

Unfortunately, Brian clearly still has a lot to learn about the Lightning network as he failed to send $100 to @JoeNakamoto.

hey brian
it’s 2023 not 1971
it’s a lightning address not an email address
#bitcoin
— Mol 🧡 (@CoinCornerMolly)
4:38 PM • Apr 9, 2023

This failure inevitably prompted Bitcoiners to poke fun at the CEO.

After all his companies name, Coinbase, is a bitcoin term used to describe the content of the “input” of a generation transaction.

But don’t worry Brian we’ll forgive you if finally integrate the Lightning Network.

BITCOIN’S NUCLEAR SUCCESS

America’s first nuclear bitcoin mine has blown away expectations…

It’s called Nautilus (owned by Terawulf) and began operations in February this year.

They just clocked in their first monthly report for march, which shows 63% month-on-month growth.

The mining center utilized an average of 91% zero-carbon energy to power their 9,200 miners.

The new site has contributed 65% increase in Hashrate capacity in Q1 for the company compared with last quarter.

Terawulf aim with Nautilus was to build a green data center operating exclusively on nuclear power. Which they achieved.

This project is a significant step towards more sustainable bitcoin mining practices and a milestone in the adoption of nuclear energy in the tech industry.

Nautilus is a great example of a bitcoin mining operation mitigating environmental impact.

📰 Read the Full Article Here

ARKANSAS BITCOIN MINING BILL PASSES

Arkansas State just passed a bill protecting the right to mine bitcoin.

The bill seeks to regulate and tax the bitcoin mining industry within the state.

The document treats miners like data centers and recognizes “that data centers create jobs, pay taxes, and provide general economic value to local communities.“