With April 5th marking the anniversary of Executive Order 6102 and the birthday of Bitcoin creator Satoshi Nakamoto, ProBit Global will be giving everyone the opportunity to stack BTC at a 50% discount on April 12th.
Issued by US President Franklin D Roosevelt in 1933, Executive Order 6102 is an effective ban on gold that forcibly strips gold HODLers of most of their assets.
Interestingly, Satoshi Nakamoto's declared birthday was April 5, 1975, coinciding with the date the law came into effect on April 5 and was finally repealed in 1974.
This significant move led to the US abandoning the gold standard while setting the stage for the revival of the Bitcoin standard and the now ubiquitous “money printer go brrr” meme.
In Bitcoin news, the ongoing 2022 Bitcoin Conference has dominated headlines thanks to several market-moving announcements:
Cash App launches payment in Bitcoin for 70 million+ users to allocate 1-10% of their salary to convert into BTC.
Strike announced a trio of major partnerships including Shopify, Blackhawk Network, and NCR, to enable Lightning Network-backed BTC payments across the US.
Former Blockstream CSO Samson Mow and his representatives reveal Prospera, Honduras and Madeira, Portugal as the 2nd and 3rd nation states to recognize BTC as legal tender with Mexican senator Indira Kempis to propose legislation in a bid to follow in their footsteps.
Mow also revealed the launch of his $100 million new company JAN3 to spur progress in BTC, Lightning Network, and sustainable nation-state adoption.
BTC Evangelist Michael Saylor has long established himself as Bitcoin's most passionate HODLer but now faces stiff competition from Terraform Labs CEO Do Kwon following his decision to back UST's reserves with over $10 billion in BTC.
Kwon elaborated on the establishment of a “decentralized forex reserve” following the official announcement to leverage the most valuable crypto as collateral to back the leading decentralized stablecoin.
The Luna Foundation wallet currently holds $1,567 billion in BTC, which would place it 3rd among the top public holdings of BTC behind Tesla