Issue #8

Bitcoin Industry Updates From May 18th, 2023 - May 31st, 2023

Brought to you by Bitcoin Talent Co.

The bitcoin world is this new ecosystem where it doesn’t cost that much to start a new bitcoin company, it doesn’t cost much to start owning bitcoin either, and it is a much more efficient way of moving money around the world. - Tim Draper (2014)

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News & Updates

Covering May 18th, 2023 - May 31st, 2023

Company Updates 

Debifi won the Pitch Day competition for infrastructure at the Bitcoin Conference 2023 in Miami. The new company offers institutional-grade liquidity for peer-to-peer (P2P) loans collateralized by bitcoin without rehypothecation. The beta platform is set to go live in Q3 2023.

Upstream Data Inc., a Canadian Bitcoin mining corporation, has filed a lawsuit against Delaware limited liability company Crusoe Energy Systems LLC in the US District Court for the District of Colorado. The lawsuit alleges that Crusoe has infringed on Upstream's patent related to bitcoin mining technology and seeks damages and injunctive relief. The case will be heard in the District of Colorado, which Upstream asserts has jurisdiction over the case.

Tether, the company behind the stablecoin tether.to, is investing in energy production and launching sustainable Bitcoin mining operations in Uruguay. They are recruiting experts in the energy sector and harnessing the power of Bitcoin and Uruguay's renewable energy capabilities. Uruguay is a leader in renewable energy, with 94% of electricity generation from renewable sources.

Start9, a sovereign computing company that offers Bitcoin and Lightning nodes, is launching a Community Tech Program to bring digital autonomy to the masses, offering a two day training seminar and paying participants in Bitcoin for their work. Applicants must have computer proficiency, patience, empathy, and excellent written communication skills. Those who join the program will receive a free Start9 Server Lite and the opportunity to contribute to the future of digital autonomy.

IBEX Mercado has partnered with Grupo Salinas, one of Mexico's largest corporate conglomerates, to allow over four million Mexicans to pay for services such as cable, internet, phones, groceries and more with Bitcoin and Lightning technology. This integration signifies a major step in Mexico's adoption of Bitcoin and Lightning, providing citizens with a secure, modern and efficient payment option.

Swan Bitcoin is upgrading its platform and transferring all funds to two new qualified custodians, BitGo Trust Company and Fortress Trust. Services such as bitcoin withdrawals, purchases via wire transfer and USD withdrawals are available now. However, instant buys via ACH, savings plan automatic purchases, referral payouts, gifting, and Trezor/CrowdHealth integrations are disabled. Prime Trust accounts will be terminated if customers do not opt out by May 31st, 2023.

Product Updates

Strike, a global money app that leverages the Lightning Network for payment settlement, has announced the global launch of its app in over 65 countries, giving nearly 3 billion people access to safe, cost-effective payments and bitcoin services. The app is designed to give people in countries facing economic adversity easy access to a more secure, inflation-proof currency. Strike also announced a rebrand of the company at the Bitcoin Conference 2023 in Miami.

Umbrel, the company behind the popular Bitcoin & Lightning Node software—umbrelOS, announced the launch of Umbrel Home. Umbrel Home is a sovereign computer that allows privacy focused individuals to get the convenience of the cloud without having to give up their data. Worldwide shipping is expected to start in June 2023.

Fedi, the company building on the Fedimint protocol to provide Bitcoin custodial solutions to communities and organizations, released Fedi Alpha—the first version of its federated operating system made for the builder community to test and experiment with the protocol. Anyone can now download Fedi Alpha and join the Alpha Federation.

MicroBT, a leading Bitcoin ASIC mining machine manufacturer behind Whatsminer, unveiled three new models at the Bitcoin Conference 2023 in Miami—the M50S++, M53S++, and M56S++. CEO Dr. Zuoxing Yang highlighted their energy efficiency and the potential for the heat to be used for other purposes, such as space heating. The company focuses on developing high-efficiency mining rigs and promoting sustainable mining practices.

BTC Inc., the company behind the world’s largest Bitcoin industry event—The Bitcoin Conference, is moving to Nashville, Tennessee in July 2024. The aim is to promote Bitcoin adoption in the city and establish a foundation for economic growth. The conference has been held in Miami, FL for the past 3 years.

Need Help With Hiring?

Bitcoin Talent Co. is the leading recruiting firm in the Bitcoin ecosystem, focused on partnering with companies whose products and services seek to expand a monetary network that will bring freedom and prosperity to all.

Interviews w/ Industry Leaders

KEY: 🎙 = listen, 📺 = watch, 📖 = read

BTCo 12: Jesse Myers (Croesus) from Onramp: Host Eric Podwojski sits down with the COO of Onramp, Jesse Myers (@Croesus_BTC), to discuss his career path in management consulting that led him to co-found Onramp—a Bitcoin company offering financial products and solutions to onboard HNWI, Family Offices, and Institutions to bitcoin the right way. (🎙, 📺)

Citadel Dispatch 102: Bitcoin is the Best Money with Adam Back and Jack Mallers: Host Matt Odell interviews the CEO of Blockstream, Adam Back, and the CEO of Strike, Jack Mallers, to continue the chat held on stage at Bitcoin 2023 to end the conference. (🎙)

The Bitcoin Magazine Podcast: MicroStrategy and Bitcoin Regulation w/ Andrew Kang: Host CK sits down with MicroStrategy's chief financial officer Andrew Kang to break down MicroStrategy's Bitcoin plans and what he thinks the future of Bitcoin regulation will look like. (🎙)

WBD663: A Debt Jubilee to Save the Economy with Arthur Hayes: Host Peter McCormack interviews the former CEO of Bitmex, Arthur Hayes, to discuss the state of the world at the moment: what happened with FTX, money printing, the coming collapse, debt jubilees, the need to acquire assets outside the system like Bitcoin, good and bad AI scenarios, and a powder keg of issues that’ll hit the markets this fall. (🎙, 📺, 📖)

Coin Stories: NVK: All You Need To Know About Bitcoin Cold Storage and Self Custody: Host Natalie Brunell interviews the Co-founder of Coinkite, Rodolfo Novak (NVK), about self custody and the Coldcard. (🎙, 📺)

BTCo 13: Q Ghaemi from Late Night Bitcoin:  Host Eric Podwojski sits down with the Host of Late Night Bitcoin, Q Ghaemi (@q_liketheletter), to discuss his career path starting out as a Hollywood agent and how he landed a job as a personality with Bitcoin Magazine. He also discussed the importance of starting a proof-of-work project and how he recently created his own job in the Bitcoin industry. (🎙, 📺)

Listen to The BTCo Podcast

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Company Spotlight

Total Funding

$6M (Source: Crunchbase)

About

Azteco simplifies the process of obtaining Bitcoin so that anyone anywhere can understand and use it. The Azteco solution is a merchant platform where vendors can sell Bitcoin through a system of familiar and simple-to-use 16-digit voucher codes.

For consumers, Azteco is Bitcoin for everybody. Go to your local store and buy a top up voucher just like the ones you're used to. Enter your Voucher number to redeem.

For merchants, Azteco allows vendors to increase their revenue with every voucher sold. Grow repeat business and strengthen customer loyalty. Generate add-on sales of other products.

Leadership

Working in Bitcoin

Bitcoin Talent Co. is the first recruiting firm to focus exclusively on the Bitcoin landscape. We see through the noise of crypto, blockchain, Web3, and all other buzzwords to help Bitcoin-focused companies operate at scale. Below are some of the positions we are actively recruiting candidates for.

Open Roles

  1. Lead C++ / Go Bitcoin Developer - A Bitcoin company vertically integrating mining operations, hardware manufacturing, and data center design is seeking an experienced Back-End Engineer.

  2. VP of Engineering - An interoperable Web 5 company using the Lightning network for decentralized bitcoin payments is hiring a VP of Engineering to work closely with the CEO. The role requires a candidate willing to work more than 60 hours per week writing code and managing an engineering team.

  3. Director of Engineering - A new Bitcoin start-up is seeking an experienced full-stack engineer to join seasoned Co-founders and build out a mobile app while hiring an engineering team along the way.

  4. Recruiter - Bitcoin Talent Co. is seeking an experienced recruiter to join the team. Knowledge about Bitcoin and Bitcoin culture is a must.

  5. Student Interns - Bitcoin Talent Co. has partnered with Summer of Bitcoin to offer various internship opportunities with Bitcoin companies across the industry for both undergraduate and graduate students in North America and Europe. Apply to the program by May 26th, 2023 using this link.

🤔 Interested in an open role or know someone who may be interested?

Send us a message or reach out if you have strong folks in your network that could be a great fit, we have a very exciting referral program!👇

That's a wrap for this biweekly newsletter. See ya in +2016 blocks from now!

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- Eric (@epodrulz)

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If you found value in this newsletter please subscribe and tell a friend. Our mission is to strengthen the bitcoin network with premiere human capital. The more professionals know about us, the more talent we can bring into the industry!