TLDR: Vitalik announces Ethereum’s Three Transitions, Tether launches a Bitcoin mining operation in Uruguay, Voltage and Google Cloud is collaborating to offer global Lightning Network solutions and the SEC sues both Binance US and Coinbase.

Bitcoin Highlights of the Week

Tether to launch a Bitcoin mining operation in Uruguay

Tether is launching a mining operation in Uruguay, a country with 94% renewable electricity generation. The company is hiring talents to work in their local plant in Uruguay!

Tether also reaches a new all time high in market cap and surpasses $83.2 Billion of issued USDT. We already know what is happening with the reserves right?

• Tether buys Short term treasuries

• Portion of the excess yield generated, goes into Bitcoin.

• Repeat!

Voltage and Google Cloud is collaborating to offer global Lightning Network solutions

This partnership is to expand its hosting, locations and enabling real-time payments with near-zero fees for enterprises. Also, Google Cloud happened to not only tweet this news, but to pinnned it in their account. Probably nothing, right?

The Bitcoin Office of El Salvador announced Saifedean as their new Economic Advisor

According to Saifedean, no taxes from the people were stolen to achieve this, in other words, he is doing it voluntarily.

Scaling Lightning debuted on the scene this week

A new initiative bringing industry experts together to help prepare for the Lightning economy of tomorrow.

Santa Monica Fire Fighters become the first union to purchase and hold bitcoin, without a using a third party for custody

Just imagine, your union holding Bitcoin. What more can we ask for, sign us up!

A Bitcoin Circular Economy continues to grow in Rolante Brasil

As of today, there is more than 110 establishments who opened their doors and accept bitcoin as payment.

Ethereum Highlights of the Week

Vitalik announces Ethereum’s Three Transitions

As Ethereum transitions from a young experimental technology into a mature tech stack that is capable of actually bringing an open, global and permissionless experience to average users, there are three major technical transitions that the stack needs to undergo, roughly simultaneously:

• The L2 scaling transition - everyone moving to rollups

• The wallet security transition - everyone moving to smart contract wallets

• The privacy transition - making sure privacy-preserving funds transfers are available, and making sure all of the other gadgets that are being developed (social recovery, identity, reputation) are privacy-preserving

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