🛑 Will Pakistan BAN Bitcoin?

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In today's news:

• ⛏ MicroBT release new miner

• 🛑 FATF pushes Pakistan to ban bitcoin

• ⚡ IBEX partners with Grupo Salinas to integrate lightning

• 🌪 Spiral shows developers love

MicroBT Releases New Line of Whatsminer M50 Series

MicroBT, the manufacturer of WhatsMiner ASIC mining machines, unveiled new models at Bitcoin 2023 in Miami Beach. Dr. Zuoxing Yang, the CEO, emphasized their high density, low noise, low failure rate, and low maintenance features, which usher in a new era of bitcoin mining. The presentation addressed the energy crisis, green energy, and the role of bitcoin as a solution. MicroBT introduced three new models with computing power ranging from 150 to 320 terahash/second and power efficiencies of 22 joules per terahash. Dr. Yang highlighted the heat collection capabilities and mentioned the hydro-cooling rigs' outlet water temperatures of over 70℃, enabling 2.4MW of power for a 40-foot container. MicroBT's focus is on high-efficiency mining rigs while supporting decentralization, network stability, and promoting sustainable and socially responsible mining practices.

FATF Push Pakistan To Ban Bitcoin

Pakistan will ban cryptocurrency services and not legalize crypto trading, following the Financial Action Task Force's (FATF) requirements to combat money laundering and terrorism financing. Despite being removed from FATF's gray list, the ban arrives as cryptocurrencies gain popularity in Pakistan, with a $25 billion annual trading volume. Banks have begun informing customers of the illegality. FATF's President, T. Raja Kumar, called on G-7 leaders to implement effective anti-money laundering norms for cryptocurrencies due to poor compliance worldwide.

IBEX Partners with Grupo Salinas To Integrate Lightning Payments

IBEX Mercado, a bitcoin Lightning payment service provider, has partnered with Grupo Salinas, a major corporate conglomerate in Mexico. This collaboration allows over four million Mexicans to pay for cable, internet, and phone services with bitcoin. IBEX's CEO, Jose Lemus, expressed excitement about the partnership and announced plans to expand payment options to groceries, electronics, and remittances. The integration of Lightning payments via IBEX with Total Play opens up new possibilities for fast and efficient transactions. This partnership signifies a significant step in Mexico's adoption of bitcoin and Lightning, positioning the country at the forefront of the digital revolution in payments.

Spiral Adds and Renews Developer Grants

Spiral has awarded a grant to John Moffett for his work on Bitcoin Core and his Bitcoin Development Plan proposal. The grant for Bitcoin Zavior, who contributes to Lightning Dev Kit (LDK) and Bitcoin Dev Kit (BDK), was also renewed, with a focus on developing Flutter and React Native for BDK. Spiral reports that there are currently over 6,000 developers building Lightning Wallets and apps using LDK. A list of projects utilizing LDK in their products can be found on Spiral's recently published page titled "Bitcoin applications building with LDK."

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