?????Kalam Crypto #19: 2022 Bitcoin Conference announcements and more CoinMENA offers

"Inflation is like toothpaste. Once it's out, you can hardly get it back in again." Karl Otto Pohl

Ahlan wa sahlan, and welcome to a new edition of CoinMENA’s weekly newsletter, Kalam Crypto. Every week we will bring you the latest news and developments from the exciting world of cryptocurrencies. This week, exciting announcements from the Bitcoin 2022 conference, solar-powered mining, and increased referral bonus rewards for CoinMENA users. All that and more, so let's dive into this week’s letter, and talk crypto:

Prefer to listen to Kalam Crypto instead? Check out our podcast:

Global News ??

The Bitcoin Conference 2022: This week, the Bitcoin world converged on Miami Beach to participate in the 2022 Bitcoin Conference. It was the largest Bitcoin event in history and featured all the big names in the space—Michael Saylor, Jack Mallers, Saifedean Ammous, Eric Weinstein, Adam Back, and many more. The talks, which were all streamed live on Youtube, covered all aspects of Bitcoin, from the latest technological advancements and financial empowerment to Bitcoin’s counterculture relevance and influence in the world. You can catch all the presentations and panel discussions on the Bitcoin Magazine Youtube channel here.

Tesla, Block, and Blockstream team up to mine bitcoin off solar power in Texas: Adam Back’s Bitcoin company Blockstream and Jack Dorsey’s digital payments firm Block (formerly known as Square) will utilize Tesla's Megapack tech for a new solar and battery-powered Bitcoin mining facility. The $12 million pilot off-grid mining center will feature 3.8 megawatts of renewable solar power, 12 megawatts-hour of battery storage, and 30 petahashes (PH/s) per second of mining hashrate. The batteries will be used to power mining at night and at times when sunlight varies during the day. Adam Back announced the plan during the Bitcoin conference and said they plan to publish all the raw data to increase transparency and foster open discussion about the viability of mining via solar energy. In other bitcoin mining-related news, chip giant Intel announced a new mining chip: The 2nd generation bitcoin mining chip, Blockscale ASIC, will begin shipping in Q3 2022 and is expected to be more energy-efficient than Intel’s first chip, the Bonanza Mine.

Keep an eye on ??

Microstrategy and Luna stack more bitcoin: If it seems like you’ve read this before, it's because you have! Microstrategy bought $191 million worth of bitcoin. They now hodl 129,218 BTC on their balance sheet at an average price of $30,700 per BTC. Luna, the company behind the algorithmic stable coin UST (Terra), purchased $227 million worth of bitcoin. Their bitcoin holdings are worth $1.6 billion today, meaning they now have a bigger exposure to bitcoin than TESLA.

VC funding to crypto shows no signs of slowing down: March was the third-highest monthly investment in the history of crypto, after January and February both set record highs. Over 225 crypto startups received more than $3.5 billion worth of investments last month, bringing the first quarter's total to nearly $12.5 billion. This marks the highest quarterly investment in the history of crypto, breaking the 2021 Q4 total. All this is happening despite the somewhat flat market prices in crypto.?

CoinMENA News ??

Win prizes with CoinMENA Ramadan Giveaway Carnival: We have airdropped $2,000 in BTC (0.04728966 BTC) to 20 lucky winners so far through our crypto quiz! Don’t worry if you missed a chance, this Ramadan we are giving $200 in BTC every day of the month with CoinMENA Ramadan Giveaway Carnival. Check out our Instagram and Twitter accounts to see how to participate and win!?

Earn 25 USD when you verify your account: Get 25 USD when you sign up and verify your CoinMENA account!?

25 USD referral program bonus: Our most popular offer just got better! Generate your own referral link and invite your friends to CoinMENA, and you can both earn 25 USD when they verify their accounts.

?Bonus offers are only valid for ONE WEEK, so hurry up, claim your rewards and keep earning!?

Tweet of the week ??

Quiz Corner ?

Last week’s question: Which blockchain network supports the majority of NFTs?

?Answer: Ethereum

This week’s question: What percentage of the current Bitcoin supply has not moved in over a year?

• Around 60%
• Over 70%
• 10%
• 20%

See the answer in next week’s newsletter.