# Best of bitcoinblog.de on Kiwi News Page: https://news.kiwistand.com/source/bitcoinblog.de 17 stories from bitcoinblog.de have been shared on Kiwi News since 12 June 2024, with 35 upvotes and 12 comments in total. The latest was shared on 19 June 2025. They are listed below, most upvoted first. Summaries are AI summaries of the linked article. ## 1. The true Flippening – something different than expected - Kiwi News: https://news.kiwistand.com/stories/The-true-Flippening-something-different-than-expected?index=0x66acb98e270e16a9d57b9ffa844826af9bcfe0afde212228983144e43a1abdf8409fceb0 - Source: https://bitcoinblog.de/2024/08/01/the-real-flippening-something-different-than-expected - Shared 2 August 2024, 5 upvotes, 0 comments Monero (XMR) is argued to have overtaken Bitcoin in adoption on privacy-focused services, despite a market capitalization of just under three billion dollars and 29th place in cryptocurrency rankings. The article says Monero is likely already ahead of Bitcoin on the darknet, where some markets such as DrugHub and DarkMatter accept only Monero. On clearnet services, it cites Silent.Link, where Monero is used in half of all payments, OrangeFren, where it is the most requested coin at 31 percent versus 21 percent for Bitcoin, and ShopinBit, where customers use Monero in 75 percent of orders. The article suggests that exchange delistings may strengthen Monero's use as a payment method. ## 2. Cryptocurrencies have become the main source of income for Telegram. - Kiwi News: https://news.kiwistand.com/stories/Cryptocurrencies-have-become-the-main-source-of-income-for-Telegram?index=0x66d6c1a36d9eaea36d363a9a8348de6989dee07d6353f1ea1be7726faaceb9097e2c9c2b - Source: https://bitcoinblog.de/2024/09/02/cryptocurrencies-became-the-main-source-of-income-for-telegram - Shared 3 September 2024, 4 upvotes, 2 comments Telegram's integrated crypto wallet has become its largest revenue source, according to a Financial Times review of a previously private balance sheet for 2022 and 2023. The document shows a total loss of $108 million on revenues of $342.5 million, with crypto making up more than 40% of revenues. The integrated wallet brought in $130 million, while collectibles (NFTs) earned $17.8 million and the revaluation of digital assets $500,000. The article notes that digital assets now exceed the company's cash reserves, and that Telegram's planned IPO is likely on hold after founder Pavel Durov's arrest in France. ## 3. Love and Suffering of Archive Nodes - Kiwi News: https://news.kiwistand.com/stories/Love-and-Suffering-of-Archive-Nodes?index=0x66ee87c7fdb8eaea3894a0fd42303ed5cda5a87897e9d1095320d2c1bc36a7847e25880d - Source: https://bitcoinblog.de/2024/09/20/love-and-suffering-of-the-archive-nodes - Shared 21 September 2024, 3 upvotes, 1 comment Matthias, known as "Ghostie," writes that operating an archive node for blockchains like Ethereum or Polygon is labor-intensive and costly, and that archive nodes are only worth the effort for specific needs such as blockchain analysis. He says running an Ethereum archive node with Nethermind needs about 15 terabytes of storage, 8 CPU cores (16 preferred for synchronization), and 128 gigabytes of RAM, while Erigon needs about 3 terabytes. He adds that Polygon's higher block speed demands more I/O performance and could cost around 8,000 euros a month. He believes archive nodes will continue to exist as long as there is a business model, but says recent upgrades introduced bugs that went unnoticed because few people synchronize new archive nodes. ## 4. How Iran’s Bitcoin Strategy Backfires - Kiwi News: https://news.kiwistand.com/stories/How-Irans-Bitcoin-Strategy-Backfires?index=0x682ee499e5fe8cf4b874d7208d5ffb7ed35eb6f8d04b4a39ebde735f8a9077a1dd4474ee - Source: https://bitcoinblog.de/2025/05/21/how-irans-bitcoin-strategy-backfires - Shared 22 May 2025, 3 upvotes, 0 comments Iran's use of Bitcoin mining to get around US sanctions has backfired, according to the Middle East Forum, which says the strategy now worsens the energy crisis, enriches the Islamic Revolutionary Guard Corps and fuels capital flight. The article says mining consumes about two gigawatts, a small share of a deficit of up to 25 gigawatts, but makes subsidized power harder to control. Estimates cited in the article put about 100,000 of the country's 180,000 mining machines under the Guard and its associated businesses. Chainalysis is quoted saying that $4.18 billion in cryptocurrency left Iran in 2024, with transaction patterns indicating capital flight. ## 5. New financial sanctions: Yuan replacing Dollar - Kiwi News: https://news.kiwistand.com/stories/New-financial-sanctions-Yuan-replacing-Dollar?index=0x666d37d80b2e0bf1626037661374733f0889ba37d9d49425adcf05c6a9c1e33d61f8ab2d - Source: https://bitcoinblog.de/2024/06/14/new-financial-sanctions-yuan-replaces-dollar - Shared 15 June 2024, 3 upvotes, 0 comments The article reports that the U.S. Treasury Department announced on June 12 new sanctions against 300 Russian targets, including the Moscow Exchange (MOEX), the National Clearing Center and the National Settlement Depository, as well as Russian banks and their subsidiaries in China, India and Kyrgyzstan. It says the news caused initial turmoil, with MOEX going offline and Gazprombank locking logins, but that the fallout appeared limited two days later. According to the article, the Chinese yuan overtook the dollar in May as the most important currency in ruble trading, with about 54 percent of the foreign exchange market, and the Russian central bank made this official. The article also says dollar-ruble trading has moved underground to crypto platforms such as Garantex, where USDT now trades at nearly 92 rubles against an official dollar rate of 89. ## 6. tacct: Germany’s „Kryptowertpapier“ Finally Get Interesting - Kiwi News: https://news.kiwistand.com/stories/tacct-Germanys-Kryptowertpapier-Finally-Get-Interesting?index=0x67f62603d5422cd47db70328ac9f6859f31cafe773ea9fc145203c691a8efdcd8c63faf5 - Source: https://bitcoinblog.de/2025/04/07/tacct-when-crypto-securities-finally-get-interesting - Shared 9 April 2025, 2 upvotes, 4 comments Donaustahl, a German drone and weapons startup, has issued a bond as a crypto security through the tacct app, launched last week by ecrop, to finance its planned expansion. The company plans to raise up to eight million euros, with interest of up to 8.4 percent per annum, and it chose this route because banks are hesitant to finance weapons makers. Stefan Thumann says the crypto security lets the company filter investors by origin, while Michael Stoussavljewitsch says tacct already has 20 defense startups in the pipeline and almost 2,000 registrations after two days. ## 7. All Spar Supermarkets in Switzerland Will Soon Accept Bitcoin - Kiwi News: https://news.kiwistand.com/stories/All-Spar-Supermarkets-in-Switzerland-Will-Soon-Accept-Bitcoin?index=0x6810822077a75fdae6b066d6a3183331b51a6e2da10b4cbbaf4bb0434d3ffcf9ce63fd28 - Source: https://bitcoinblog.de/2025/04/28/all-spar-supermarkets-in-switzerland-will-soon-accept-bitcoin - Shared 29 April 2025, 2 upvotes, 2 comments Spar stores in Switzerland are beginning to accept Bitcoin and other cryptocurrencies, with Bitcoin payments expected to be enabled across all Swiss Spar stores after pilot programs in Zug and Kreuzlingen. According to Rahim Taghizadegan, who was on site at the Swiss Bitcoin Conference in Kreuzlingen, the Kreuzlingen store is now the second Swiss city where Spar accepts Bitcoin. Payments are processed by Open Crypto Pay from the Swiss crypto broker DFX, and a photo from the checkout reportedly shows Ethereum, USDC, and USDT accepted as well. One report says the Lightning payment process still needs improvement, and the article notes that its accuracy cannot be confirmed without a test. ## 8. Insurers Respond to Fears of Crypto-Related Kidnappings - Kiwi News: https://news.kiwistand.com/stories/Insurers-Respond-to-Fears-of-Crypto-Related-Kidnappings?index=0x683fff62545760d9f33de202bc6dc4354465f4cb06dfbc34faae07b0a860c058fc1a7935 - Source: https://bitcoinblog.de/2025/06/03/insurers-respond-to-fears-of-crypto-related-kidnappings - Shared 4 June 2025, 2 upvotes, 1 comment Insurers are developing specialized policies to cover kidnappings of crypto investors as such cases rise. At least three insurers are reportedly working on such policies, and Andrew Kurz of Hylant Capital calls the policies "insanely lucrative" because actual claims are rare while premiums remain inexpensive. Joseph Ziolkowski, CEO of Relm, says his company is still developing ways to assess the physical security of insured parties and faces the risk that a client might simulate a kidnapping to make a claim. Ryyan Lackey, CEO of Evertas Insurance, has also announced a kidnapping policy and says holders should be known to keep most of their coins where they cannot access them without others' help. ## 9. German-Arab Cooperation Launches First Blockchain-Based Machine Economy Zone - Kiwi News: https://news.kiwistand.com/stories/German-Arab-Cooperation-Launches-First-Blockchain-Based-Machine-Economy-Zone?index=0x684fc124f86895f4af824a4503260d585e2b29e70aed96ad81947707bca222d097ee7ad7 - Source: https://bitcoinblog.de/2025/06/13/german-arab-cooperation-machine-economy-free-zone-blockchain - Shared 16 June 2025, 2 upvotes, 0 comments Abu Dhabi and Dubai plan to establish a "Machine Economy Free Zone" (MEFZ) with support from peaq, a German blockchain platform, to explore an automated economy driven by AI and robots. The zone aims to create a regulatory framework for tokenizing autonomous robots and machines, a sandbox for machine-based business models, and a regional hub for the DePIN sector. Its first project is a "Machine Tokenization Framework" allowing individuals to jointly own expensive robots. According to Till Wendler, co-founder of peaq, the Emirates are the perfect place to pilot this vision. The article notes that peaq's ecosystem is still rudimentary, with the token traded only on a handful of centralized exchanges and thin liquidity on its single Machine DEX. ## 10. HSBC integrates digital Renminbi for corporate customers now - Kiwi News: https://news.kiwistand.com/stories/HSBC-integrates-digital-Renminbi-for-corporate-customers-now?index=0x66695921d53d3b66dd9f9ebb12db40fd721bfd68851d30fc8ac5450425cfa43999f569d3 - Source: https://bitcoinblog.de/2024/06/11/hsbc-integrates-digital-renminbi-now-also-for-corporate-customers - Shared 12 June 2024, 2 upvotes, 0 comments HSBC has become the first foreign bank in China to link both personal and corporate accounts with the digital Renminbi (e-CNY), according to a press release from HSBC China. Six bilingual educational institutions in Shanghai, Beijing and other cities are among the first corporate customers to use the feature, and a school director said it eases payments for students' parents and reduces processing costs. Zeng Su, a director at HSBC, aims to deepen work with regulators on uses such as cross-border payments. The article notes that the mBridge project is being tested by the central banks of the United Arab Emirates and Thailand and has gone live in Hong Kong, and that the dollar's dominance in international trade remains unchallenged. ## 11. El Salvador plans to establish Bitcoin banks - Kiwi News: https://news.kiwistand.com/stories/El-Salvador-plans-to-establish-Bitcoin-banks?index=0x667140c6bbc4a2714fe79b802bbdc21c7dfcc2197886fcfb3992479fe2512db218342313 - Source: https://bitcoinblog.de/2024/06/17/el-salvador-plant-schaffung-von-bitcoin-banken-2 - Shared 18 June 2024, 1 upvote, 2 comments El Salvador's Bukele government has presented a draft law for a new type of bank, the "Bank for Private Investments" (BPI), which would operate with fewer restrictions and offer services in US dollars and Bitcoin. The BPIs would be exempt from certain rules, such as those on credit restrictions and foreign banking relationships, and would require a minimum capital of 50 million dollars and at least two shareholders. Clients would be limited to "experienced" or "advanced" investors with at least 250,000 dollars in liquid assets or 500,000 dollars in securities. The draft has been forwarded to the National Assembly, and it can take effect once approved. ## 12. EigenLayer Secures $70 Million Investment and Announces EigenCloud - Kiwi News: https://news.kiwistand.com/stories/EigenLayer-Secures-dollar70-Million-Investment-and-Announces-EigenCloud?index=0x6853bc9cc8ca54c45d339cc7f04dbaafa32d0453dc602d2c33cc1b6db49517d789af1d33 - Source: https://bitcoinblog.de/2025/06/18/eigenlayer-secures-70-million-investment-and-announces-eigencloud - Shared 19 June 2025, 1 upvote, 0 comments EigenLayer has received a $70 million investment from a16z, which the article describes as one of the best-funded crypto projects at the moment, and the team has announced EigenCloud, a developer platform that extends blockchain-style verifiability to any app. The article says a16z's Ali Yahya praised the team for unlocking a new paradigm for verifiable, neutral apps, while it also notes that EigenLayer's real-world adoption lags behind its enthusiasm, with few projects using it. EigenCloud is built on EigenLayer and powered by the EIGEN token, and it is due to go live in the third quarter of this year. ## 13. TrustNFT Develops Age Verification via Token - Kiwi News: https://news.kiwistand.com/stories/TrustNFT-Develops-Age-Verification-via-Token?index=0x68415655eddd5d8d19f7e2a89ad5e0fd0d26b6928abb69d58565216e1bb55c955f84ebd9 - Source: https://bitcoinblog.de/2025/06/04/trustnft-develops-age-verification-via-token - Shared 5 June 2025, 1 upvote, 0 comments TrustNFT, a startup in the Silver Scott Blockchain Group, is launching "TrustNFT — AV," a blockchain-based platform for age and identity verification that uses NFTs and zero-knowledge proofs so users can prove their age without revealing documents. According to the press release, the NFT confirms only name and age, and its target users include social media platforms, adult-only events or clubs, and age-restricted websites. The author says the technology is feasible but that TrustNFT provides few technical details, a waitlist-only website, and little information. The website's stated focus is on accredited investors, with age verification appearing to be a side product. ## 14. Lightning wallet Nayuta closes - Kiwi News: https://news.kiwistand.com/stories/Lightning-wallet-Nayuta-closes?index=0x66f3bd23126959dc01e984b1975612d2327fbb53a6f7fa4b317a3b28b0afad612274e22e - Source: https://bitcoinblog.de/2024/09/24/lightning-wallet-nayuta-closes - Shared 25 September 2024, 1 upvote, 0 comments ## 15. El Salvador proposes settling international payments in Bitcoin… - Kiwi News: https://news.kiwistand.com/stories/El-Salvador-proposes-settling-international-payments-in-Bitcoin?index=0x66bc65148102c9b8fb9be22680e9a0c43a828ec638993e35978302d930d3ff6dcf31a31e - Source: https://bitcoinblog.de/2024/08/13/el-salvador-proposes-settling-international-payments-in-bitcoin - Shared 14 August 2024, 1 upvote, 0 comments El Salvador has proposed settling trade with Russia in Bitcoin, and the article reports that Russia has rejected the idea. According to a Russian diplomat, Russian exports to El Salvador stayed at the same level while imports fell to nearly zero due to sanctions, and El Salvador's companies want payment in dollars, which Russia cannot provide. The diplomat said Bitcoin is not widely used in Russia and suggested a bank processing yuan, rupee and ruble transactions instead. Separately, the article says the IMF has softened its tone on El Salvador's Bitcoin strategy, and that the country holds 5,840.76 Bitcoins worth around $335 million. ## 16. MiCAR comes into effect – this is how the market reacts to EU regulations - Kiwi News: https://news.kiwistand.com/stories/MiCAR-comes-into-effect-this-is-how-the-market-reacts-to-EU-regulations?index=0x6684ee4f28b99d387dd55961d3e893c42ed2fa41f67051991306c49a0316dc8f1c6053c3 - Source: https://bitcoinblog.de/2024/07/02/micar-enters-into-force-this-is-how-the-market-reacts-to-the-eu-regulations - Shared 3 July 2024, 1 upvote, 0 comments Parts III and IV of the EU's MiCAR crypto regulation took effect, bringing oversight of stablecoin issuers under Germany's BaFin, with other parts applying from December 30, 2024. The Financial Times reports that MiCAR may hinder innovation, and that Paxos cancelled plans for its interest-paying dollar-linked token "lift" in the EU, citing MiCAR. Tether has not applied for a license, while Circle obtained one in France and is the first global stablecoin issuer to comply, according to Circle's EU representative Patrick Hansen. ## 17. Montenegro’s Prime Minister was an early investor in Terra (LUNA). - Kiwi News: https://news.kiwistand.com/stories/Montenegros-Prime-Minister-was-an-early-investor-in-Terra-LUNA?index=0x667b9ebc5d1264ccd9fa90b7431a7c2fdb51eb19cec5e3966b15b1f5692f6f3776f781ce - Source: https://bitcoinblog.de/2024/06/25/scandal-montenegro-prime-minister-secret-investor-terrra - Shared 26 June 2024, 1 upvote, 0 comments Montenegrin Prime Minister Milojko Spajic was an early investor in Terraform Labs, the company behind Terra, according to documents that surfaced in the trial against the company. Spajic invested $75,000 in April 2018 in exchange for 750,000 LUNA tokens, which the article says is roughly ten cents per token. The article states that, by its account, he did not mention a personal investment in Terra and did not declare owning LUNA tokens in his asset and income declaration, and that the investment was made on behalf of the fund Das Capital SG, where he was a partner from 2017 to 2020.