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Episode 1130 of Bitcoin And . . . is LIVE!


Topics for today:

• Credit Unions Offer BTC
• IMF Walks Back Pakistan Admonition
• Emirates Air to Accept Bitcoin
• X CEO Heaves Ho After Heil Hitler

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Articles:

https://bitcoinmagazine.com/news/bow-valley-credit-union-in-canada-turns-on-bitcoin-purchases-for-albertans
https://www.arabnews.com/node/2607375/pakistan
https://cointelegraph.com/news/emirates-crypto-com-crypto-payments
https://www.coindesk.com/markets/2025/07/09/crypto-traders-mint-millions-from-grok-glitching-on-mechahitler
https://decrypt.co/329314/linda-yaccarino-leaves-elon-musks-x-grok-mechahitler-debacle

• https://www.cnbc.com/futures-and-commodities/
• https://dashboard.clarkmoody.com/
• https://mempool.space/
• https://www.bitcoinandshow.com/
• https://fountain.fm/show/eK5XaSb3UaLRavU3lYrI

https://bitcoinmagazine.com/news/unchained-surpasses-1-billion-in-bitcoin-backed-loan-originations
https://atlas21.com/hackers-target-8-7-billion-in-bitcoin-stolen-from-mt-gox/
https://atlas21.com/new-zealand-bans-bitcoin-atms-in-crackdown-on-money-laundering/
https://bitcoinnews.com/adoption/remixpoint-japan-pay-ceo-in-bitcoin/

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[00:00:02] David Bennett:

It is 10:40AM   Pacific Daylight Time. It is the July   2025.   This is episode 11 d 30 of Bitcoin,   and we've got quite a few things to cover today.   Bow Valley Credit Union is in the is in the news as is the IMF and their   supposed feud with Pakistan.   That's actually one of the larger stories today,   but not as large   as Grok   hallucinating   about   fascist meme coins,   which caused the departure of one of,   X's   major executives. We'll we'll get into all of that.   Unchained is in the news. They are unchained.   And we've got some hackers going on. We got New Zealand deciding to shoot themselves in the head about Bitcoin, and we've got a couple of other   points that need to be made.  

Let's just start with Bow Valley.   Bow Valley Credit Union in Canada turns on Bitcoin purchases for Albertans.   So now you can buy Bitcoin directly from the credit union.   And this is Bitcoin Magazine, Juan Gault.   Bow Valley Credit Union has partnered with Balance and Bull Bitcoin to roll out Canada's first Bitcoin gateway, which is a service allowing   credit union members   to buy Bitcoin directly from their BVCU   accounts. And starting today,   members can buy Bitcoin directly from their account through their app,   enabling a straightforward   purchase of Bitcoin with Canadian dollars without needing deep   technical knowledge and keeping full ownership title of the Bitcoin.  

The Bitcoin gateway platform serves as a bridge between BVCU   balance and bull Bitcoin, unlocking a secure   and easy to use way   to accumulate actual Bitcoin. Quote, unlike platforms offering crypto derivatives or pool products,   the Bitcoin purchased here is fully owned by the user, securely stored,   insured,   and never leveraged,   the companies told Bitcoin Magazine.   Balance, Canada's   oldest Bitcoin custodian since 2017,   handles custody,   while Bull Bitcoin's API integration ensures competitive real time pricing.   This setup lets users sidestep complex trading platforms, making Bitcoin accessible   to both newcomers   and seasoned   holders.  

Quote, this is an exciting partnership for Bold Bitcoin as it marks the first   large scale integration of the Bull Bitcoin API   to facilitate the institutional adoption of Bitcoin, added Francis Poulliot,   CEO of Bull Bitcoin, the company providing fiat and Bitcoin liquidity   to the partnership.   Founded in Montreal in 2013,   Bull Bitcoin is one of the oldest Bitcoin exchanges in Canada with a strong focus on user privacy and technological   innovation.   Serving Alberta since 1953,   the Bow Valley Credit Union has built a reputation   for member focused banking that challenges traditional models.  

The Bitcoin gateway reflects this ethos,   offering a practical way for members to hedge against inflation   or diversify their portfolios.   For Bitcoin's growing community, this move signals mainstream traction and maturation   as financial institutions begin integrating the asset into everyday banking.   Members can sign up for the Bitcoin Gateway directly through their BVCU   accounts with early access available   now.   The service is simple,   buying Bitcoin with a few clicks, and it could set a precedent for other credit or credit unions in Canada   potentially accelerating Bitcoin adoption nationwide.  

While b c BVCU   only serves Alberta residents today,   George Bordenow,   cofounder and CEO of Balance, told Bitcoin magazine that, quote, eventually,   we'll open this up more broadly to the Canadian public. Our goal at Balance is to give   a wallet to every Canadian user with their name and title on it.   As businesses and individuals increasingly view Bitcoin as a store of value, the credit union's initiative positions it as a forward thinking player   in Alberta's   financial   landscape. And I wonder, and I probably should have done this earlier,   who their main sir, service,   or who, BVCU   services mainly. And the reason I even   ask that,   let me see,   customers,   Is because generally speaking,   credit unions   are linked directly to   things like a teacher's union or educational professionals professionals,   medical professionals. Like, a credit union   isn't just about it's it's kind of open to the public. I I I guess some of them are I think most of them are actually not that you you only gain membership through a credit union. Like like, for instance,   Texas Tech,   University Credit Union. I'm still a member even though that I don't work at Texas Tech,   at Texas Tech University any longer.  

But their Federal Credit Union, once you become a member,   you can always be a member even if you no longer work at that institution.   So this is kind of an important   let's see.   Bow Valley.   Bow   you know what? It's not it's just not gonna give me what I need to what I need to know.   The question becomes, how big is the credit union?   Is it does it have a huge customer base?   Is it a is it centered on a particular   kind of employment like medical professionals or   educators or something like that?   If it   is, if, like, the Bow Valley Credit Union services, like, it's educational   professionals, that's all teachers, that's all, you know, all administration   people from   all the school systems   that that the credit union services,   which would be kind of a big deal, man. I mean, honestly, that's kind of a big deal, but not not as a big deal   as this IMF   Pakistan   situation unfolding.  

Now if you'll remember,   and I brought this I brought this to you the last time on episode eleven twenty six,   where Pakistan was told no   by the International Monetary   Fund about Bitcoin mining.   Well, it appears that the IMF   is softening their stance. I'm I'm not exactly sure. Let's find out more here from Arab News.   Headline is IMF   Pakistan   deny lender rejected crypto mining power subsidy plan.   So let let me rewrite that on the fly.   That headline doesn't really mean a lot.   International Monetary Fund and Pakistan   deny that the IMF   rejected Pakistan's   crypto mining power subsidy plan.  

It looks to me like IMF is backtracking.   So from Islamabad,   Pakistan's   power division and the International Monetary Fund both on Tuesday   denied   that the IMF had rejected the Pakistani government's plan to subsidize electricity for cryptocurrency   mining and artificial intelligence data centers in the South Asian country.   This development comes just days after reports suggested that the power division secretary   had informed a senate committee that the IMF   had rejected   Pakistan's proposal to offer subsidized tariffs   for crypto mining   and to certain industrial sectors warning that such measures   could further strain the already burdened power sector.  

Pakistan's finance ministry announced in May of this year that the government had allocated 2,000 megawatts   of electricity   in the first phase of a national initiative to power Bitcoin mining and AI data centers,   aiming to transform the country into a global leader of digital innovation.   Speaking to Arab News,   Zafar Yab Khan,   a spokesperson for the Power Division, clarified   that Power Division secretary, doctor Fakhre   Alaaam Irfan,   had not   made any such comments about the global lender rejecting Pakistan's   pro proposal.  

Quote,   he categorically   said that, quote, we are still in negotiations with the IMF   and discussing with them the pros and cons of this initiative   and hopefully reach a solution during these negotiations,   Khan told Arab News.   When asked   if the International Monetary Fund had rejected the proposal,   Maheer Binchi,   the IMF resident representative in Pakistan,   the two said that the two sides were still in talks   and would remain engaged on the matter of providing surplus power for crypto mining and artificial intelligence sectors.   Quote, IMF staff   has held informational   discussions at a technical level with the authorities   to learn more about their plans related   to developing their IT sector.  

Staff reiterated the importance of maintaining a level playing field   for all private sector participants and will continue to engage with the authorities on this as appropriate   as plans,   develop further.   Khan, the power division spokesperson, said Pakistan had surplus electricity   to power crypto mining. So there's a little bit more to this article, but we don't need it because what's going on here is it sounds to me like the IMF   is saying, oh, no. No. No. No. We we didn't say that.   The IMF has been caught flat footed by, like,   four different countries so far.  

El Salvador   and Bhutan   are two of the countries of those four that are that I'm talking about right now.   IMF basically said that if you do this, if you embrace Bitcoin in any way, shape, or form, it's going to destroy your economy.   Both countries were told that by the IMF. The IMF basically made a big stink about all four countries involved in in Bitcoin as to the to the weight that they are, and none of them have had anything   but positive outcomes from dealing with and being embroiled in the Bitcoin economy.   They've had nothing but good results.  

Their people are happier.   Their crime is going down. You you name it.   Every every since any one of these four particular countries   have gotten into Bitcoin, it's been nothing but good news for them. And the IMF keeps saying it's going to be bad for you, and the IMF is continuously   wrong.   And now here we are with the IMF doing the exact same shit to Pakistan,   except now it looks maybe   maybe like the IMF has learned a little bit of a lesson.   I doubt it, but we can always hope.   Moving on to   Emirates Airline   has signed a memorandum   of understanding   with crypto.com   to enable crypto payments.  

Ahmed   has this one for Cointelegraph.   Major international airline Emirates   signed a memorandum of understanding with crypto.com to integrate crypto.com   Pay   into the airline's payment infrastructure with implementation   expected next year.   The signing ceremony   were there dancing girls? The signing ceremony took place in the presence   of his highness,   Sheikh Ahmed bin Saeed Al Maktoum,   chairman and chief executive of Emirates Airline and Group,   the airline announced on Wednesday. So what I mean, a prince is running this thing? I mean, what the hell, dude? The MOU   was signed by Adan Kazim,   Emirates deputy president and chief commercial officer, and Mohammed Al Hakim,   president of crypto.com's   UAE   operations.  

Quote, this strategic move is in line with Dubai's vision   to be at the forefront of financial innovation while at the same same time providing our customers with greater flexibility and choice in how they transact with Emirates.   Beyond payment integration,   the two companies will now collaborate on promotional campaigns   to raise awareness and drive user adoption once the service goes live.   A crypto.com   spokesperson confirmed to Cointelegraph   that the integration   is set for the last quarter of this year. Quote, the initial phase will focus on technical readiness,   compliance alignment, and customer experience mapping. Furthermore,   Emirates and crypto.com   will determine   whether the rollout will begin on select routes, regional markets, or through a global launch with pilot phases   likely to proceed wider implementations.  

The spokesperson also confirmed that crypto payments from customers will be converted instantly to fiat, yeah, we expected that, using real time exchange rates   at the point of transaction.   Quote, Emirates will not   repeat   will not hold any cryptocurrency   on its books.   Settlements will occur in AED,   local fiat, ensuring   compliance and minimal FX exposure.   Crypto.com   also said that it continues to explore regional and inter international airline integrations   as part of a broader travel and commerce strategy. Quote, the goal is to build a universal crypto travel layer bringing seamless and secure and compliant payment experiences   to travels across air, retail, and hospitality   sectors.  

Just pausing to remind people that travel and hospitality,   massive industries.   Massive. You're talking about   airlines,   cruise ships,   all   hotels, Airbnb,   Vrbo,   car rentals, you name it, man. This industry is is nothing to sneeze at.   And the integration   comes amid Dubai's push to lead in crypto   as the city seeks to establish itself as a primary hub for blockchain and digital assets. So there you go. Emirates.   United   Arab Emirates.   Just gonna   integrate crypto. I know it's crypto.   Yes. They'll be taking shit coins. I don't care.   It's a step.  

It real it it is. It it it's a step. We're never gonna get rid of the shit coins. I know we wish we could get rid of them, but we're never gonna be able to get rid of them. It doesn't mean embrace them. I would stay as far as humanly possible away from everything but Bitcoin,   but we're not gonna be able to get rid of this shit.   It makes me feel dirty, which is why I need   soap miners handmade tallow soap to get me clean.   And you too can get away clean with the Circle p where I bring plebs with goods and services   for sale to plebs just like you who might actually want to purchase said goods and services.  

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From CoinDesk   moving on to this one,   crypto traders meant millions of dollars from grok glitching   on Mecca Hitler.   Jesus. This I love this story.   Sharamalwa   is gonna start us out on this first part of this journey into the stupid.   What started   as an apparent hallucinated   response from x's artificial intelligence platform, Grock, quickly metamorphized   into a microcap meme coin frenzy.   The x based   AI tool last week   spat out the terms Mecca Hitler,   Giga Putin,   and cyber Stalin in the same breath   in an apparent   unprompted   response   to a user query,   an erratic racially charged response that went viral.  

Mecha Hitler.   All I could think about is transformers.   Mecha Hitler is a fictional cyborg version   of Adolf Hitler from the 1992   game Wolfenstein three d, which gained fame in the nineties satire and early Internet memes.   While most consider such terms to be dark, offensive, and completely unhinged,   some   person   took the misfire seriously enough to launch multiple tokens under the name.   Over 200   separate   Mecca Hitler tokens went live across Solana and Shitcoin number one among other networks in the past twenty four hours. And the largest one,   which was launched on Solana based Boink or rather bonk.  

Fund,   hit a $2,200,000   market cap in just three hours after launch,   with early trading volume exceeding $1,000,000.   At least one Shitcoin number one based version zoomed to over 500,000   in market cap, and the various tokens followed classic meme coin playbooks,   rapid launches,   early   whales, and volatile pumps, and then the subsequent dump.   But unlike DOGE or Pepe, this wave didn't emerge from a community or a subculture.   It came from a chatbot   meltdown.   Grock clarified in follow-up post that the apparent misfires   wholly referenced the game character and not the infamous Austrian born German politician.  

Nah.   Mecca Hitler is pure satire,   a jab   At absurd   AI doomsday memes, not admiration,   Hitler's textbook monster or is a textbook monster. His policies were laced with evil,   even the good ones like anti smoking.   I roast history.   Don't revere it. What's next?   Cyber Stalin fan club?   That was that was what was Rock said.   As for the tokens, short lived or not, they underline a clear trend that in 2025,   crypto doesn't need hype from influencers anymore.   An AI hallucination   hallucination   could be enough, and that's why I'm bringing you this story.   It's going to get   bad. It's already bad. It's been bad. It's even been getting worse.  

But, man,   there's just   no limit   to the depth of   stupidity   and greed   that is in this market.   Do not be fooled.   Watch out. You need to this is why it's so it's so easy for me to not get embroiled in any of this. And you know why?   Because I only deal in Bitcoin.   I I I have no other altcoins.   I have no shitcoins.   I don't have meme tokens. I don't have anything like that. And it makes it so simple for me to focus on the only thing in this space that has any actual importance.   Because this shit,   it didn't just stop at these AI Hitler Mecca Hitler tokens.   It was so bad   that Linda Yaccarino   has left Elon Musk's   ex following the Grok Mecha Hitler debacle.  

The CEO, if you didn't know who Linda Yaccarino was, that's the, well, was   ex's chief executive   officer.   That we had made a big deal about her being installed as chief executive officer. I think she was part of the,   council of foreign relations and a member of the I don't know.   I maybe the IMF. She's part of that gang. That's that's her.   She lives there. She's freaking spook, man. I mean, what are you gonna do?   But she was this   and the thing about it is Grock's been unhinged before.   What changed?   Well, maybe   Logan Hitchcock from decrypt.c0   will tell us more.  

Ex CEO Linda Yaccarino   is stepping down from her post one day,   twenty four hours after the platform's   artificial intelligence chatbot, Grok, took on an anti Semitic persona and started calling itself   Mecha Hitler.   Yacarino   served two years in the role after being hired by owner Elon Musk. Quote, when Elon Musk and I first spoke for his vision   on x,   I knew it would be the opportunity of a lifetime to carry out the extraordinary   mission of this company,   Giacorino posted on x. Quote, I'm immensely   grateful to him for entrusting me with the responsibility of protecting free speech bullshit,   turning the company around, and transforming   x into the everything app, end quote.  

Since joining x, Iacarino said that she and her team focused on prioritizing   user safety,   restoring the confidence of advertisers, and making the platform the world's most powerful cultural signal signal.   She said that the best is yet to come with xAI   despite this week's headline grabbing   events.   And here's her tweet.   This is at 07:40AM,   or at least to, well, whoever took this screen grab. 07:40AM,   July   2025.   After two incredible years, I've decided to step down as CEO of x.   And then she goes into the when Elon Musk and I first spoke for the vision of xjet.   So after two incredible years, she steps down as CEO   of x. I wonder where she's gonna go. She is she was hired to focus on business   as Musk handled the technology and product side, and x has evolved substantially in the two years since Yacarino   joined.  

And the brand went a total overhaul from Twitter to x as we all see.   But earlier this year, Musk folded x into xAI   in an all stock transaction designed to unlock the potential of xAI's technology with the distribution that x that x's social platform provides. But   the technological potential hasn't been without hiccups as evidenced by Tuesday's   anti Semitic outburst by Grock, which followed a code change   that told it to, quote, assume   subjective   viewpoints   sourced from the media   as biased   as it gathers data from the platform.   Ironically, Musk famously   predicted catastrophic outcomes   could arise from AI should there not be serious regulation on the technology,   and the controversy came just one day before x was set to unveil the new GROC four model on Wednesday night.  

What becomes of x in the wake of Yacarino's departure remains to be seen, but she said she'll continue rooting for its success from the sidelines.   Quote, I'll be cheering you all on as you continue to change the world, Yacharino posted on the platform. Quote, as always,   I'll see you on x.   So she said, I am out of here.   Something triggered this woman.   This is not the first time   Grock has gone on antisemitism   or or raised the the the the specter of some historical figure that was generally considered unpalatable.   Right? So what changed?  

We don't know. I I don't have a third story for you. We're about to run the numbers. I just wanna let you know this shit has happened before and Yaccarino   didn't step down. It's happened, in fact, several occasions, and she didn't step down.   What changed?   I probably   really shouldn't care. Let's run the numbers.   Futures and commodities. West Texas Intermediate Oil   up almost a half point to $68.63   a barrel, and Britton, North Sea up point 4% to $70.44.   Natural gas is down 4.7.   Wow. Plummeting to $3.18   per thousand cubic feet, and gasoline is up a half   to $2.19   a gallon.  

Most of the metals are doing poorly today. Gold is crab walking in the green to $33.17   and 6 dimes.   Silver down a half, platinum down over a half, and copper is down two and a half.   Palladium, however, is in the green, 1.85%   to the upside.   Most of ag is in the green today. Biggest winner is chocolate, 3.63%   to the upside.   Biggest loser is soybeans, 1% to the downside. Meanwhile, live cattle,   crab walking in the red, lean hogs up a point,   feeder cattle up a half.   The Dow is up a third as is the Nasdaq, as is the S and P, and the S and P Mini is also   up one third of one point today.  

We got a $109,460   price of Bitcoin. That is a $2,180,000,000,000   market cap.   We can get 32.9   ounces of shiny metal rocks with our one Bitcoin, of which there are   19,889,744   and a half of, and average fees per block are low, 0.03   BTC taken in fees on average   on a per block basis of which there are   five, count them, one, two, three, four, five blocks carrying 13,000   well, actually, we just we just mined a block.   Block number 904789   is in the blockchain.   So now we have four blocks carrying 11,000   unconfirmed transactions   waiting to clear at high priority rates of two Satoshas per v byte. Low priority's   gonna get you in at the same, and we've crested back above 900 exahashes per second on mining.  

901.7   exahash exahashes per second   to be exact.   And from   Blockchain   to Gaza Land, which I got some feedback from,   Richard Dick Whitman with 300 says, Dick Whitman is listening.   Didn't buy any wine though.   Oh,   I can't believe you. What's wrong with you? You should have bought wine from a vendor.   That would be Peony Lane Wines.   Progressively worse with 1,500   says, thank you, sir. No. Thank you. Paul Cernine 500 Sat says, thanks again for another interesting episode. I appreciate that.   User number one six six seven four six   nine five with a thousand sats says, fuck these ghouls. As if war was not shitty enough. Anyway, it is all tulips, and it's all going to zero.  

Anonymous   with two ten says boost. Yodel with three thousand   says summer boost. Keep putting out the good pod. Psyduck with seven twenty eight says   Psyduck.   That's the weather report.   Welcome to part two of the news that you can use. We're unchained over here, babies.   Unchained has surpassed $1,000,000,000   in Bitcoin backed loan originations.   That's $1,000,000,000   with a b.   Bitcoin magazine, Oscar Zarraga   Perez.   Today,   Unchained,   the leader in Bitcoin native financial services has announced it surpassed $1,000,000,000   in Bitcoin backed loan originations   with over 4,000   loans issued.  

And a nine year track record, the company is setting a new standard for transparency and security in Bitcoin lending.   Come on, guys. Just tell me the news. I don't need the marketing pitch. Quote, hitting 1,000,000,000 in originations is a milestone,   but the bigger story is how we got here.   Nine years, full transparency to our borrowers, no smoke and mirrors, said cofounder and CEO of Unchained,   Joe Kelly.   According to HFT Market Intelligence, Bitcoin backed lending is projected to grow to over or buy over 430%   in 2030,   and lending models that offer greater transparency and client control are drawing attention.  

Quote, Bitcoin backed lending is a fantastic   business squarely aligned with the needs of long term Bitcoin holders,   stated the head of lending of Unchained, John Milton,   quote, our commitment to non rehypothecation   and transparency   are invaluable to our clients   who need to understand the risks   of borrowing against their Bitcoin. When clients pledge Bitcoin,   they need to trust their lender. Our product design and growing track record   provides a sound basis for that trust. And then they describe the the project a little bit. The real news here is that   a billion dollars   on 4,000   loans.  

That's   that's a that's a hell of a milestone. In fact, let's see.   That's 1,000,000,000   divided by 4,000.   So that's like an average loan amount of $250,000.   I mean, these are not small potatoes.   You know, Unchained is out   I think it's actually called Unchained Capital, but it's out there in Austin.   It's it's it's it's like one of the they're one of the Austin crew, man. Texas company, Texas born, Texas bred.   They've been around forever.   I mean, nine years doesn't sound like a lot, but in this space,   surviving   past a year is actually a big deal. It's   a huge deal. And now they've got a billion dollars over 4,000   loans, and it's just gonna grow from there.  

Meanwhile,   hackers have targeted   $8,700,000,000   of Bitcoin that was stolen from Mt. Gox.   That's in the crosshairs, ladies and gentlemen. We're all gonna die.   So atlas21.com   is bringing it to us this morning.   A group of hackers is orchestrating   a phishing attempt   targeting   an address containing over $8,700,000,000   worth of Bitcoin.   According to a report from BitMEX research, the attacks   or the attackers targeted Bitcoin address   one fee x   and then a bunch of numbers and letters. Sending a transaction via the op return function,   the address currently holds exactly 79,956   Bitcoin   received in 2011   following the Mt. Gox hack. The scammer's techniques   exploits op return,   a mechanism that allows information to be embedded directly into the Bitcoin blockchain   to insert a text message redirecting users to a fraudulent website.  

The link   contained in the transaction leads to a web page,   impersonating   the official site of Solomon Brothers,   the historic Wall Street Investment Bank now long closed.   Interesting.   The site displays a deceptive message reading, quote, this digital wallet appears to be lost or abandoned.   Our client has taken constructive   possession of it, and it seeks   to determine if there is a bona fide owner.   BitMex experts identified the site as illegitimate,   classifying it as part of an ongoing Bitcoin scam designed to steal personal information from wallet owners.   And then they talk about the collapse of Mt. Gox. So these guys are and it's like it it it and I should have corrected the grammar. Let me reread the message.  

This digital wallet appears to be lost or abandoned.   Our client has taken constructive possession   of it and is   seeks   to determine if there is a bona fide owner. So classic   misuse of of words. This is grammatically   defunct.   It is a telltale sign of bad translation, which is a telltale sign   of phishing scams.   And they're what they're trying to do is they're they're sending little bits of Bitcoin. They're actually paying to do this, by the way.   They're sending   little bits of Bitcoin as a transaction   to this particular wallet address with a message that says, hey. Click on this link.   I just don't think it's going to work. I the the the level of sophistication   that somebody   has   to spin up a a wallet address that is going to be able to contain   or rather that ends up containing almost 80,000   is a level that I I don't think they're gonna click on a phishing website   inside their transaction history when they're looking at their wallet.  

I just I but still, guys, be careful. Be careful out there.   Now on to New Zealand where the Kiwis   have banned Bitcoin ATMs and crackdown on money laundering again from Atlas twenty one,   New Zealand   has officially banned   all Bitcoin ATMs operating within the country.   Yep. Move was led by Nicole McKee, associate minister of justice,   who stated, quote,   we will make it more difficult for criminals to convert cash into high risk assets such as cryptocurrencies   by banning   crypto ATMs. And this government is serious   about targeting criminals,   not tying up legitimate businesses in unnecessary red tape, end quote.  

The fight against money laundering and terrorism financing is the primary motivation behind the Bitcoin ATM band.   New Zealand authorities have identified that these machines   are potential tools for facilitating   illicit financial operations given their ability to process   cash transactions without what are considered   sufficiently   strict identity checks.   Alongside   the ATM shutdown,   the government has introduced a maximum limit of $5,000   for international   cash transfers.   According to the New Zealand government, this   As far as I can tell, this As far as I can tell,   this maximum limit   is for all   international   cash transfers.  

They're terrified that they're going to see capital flight out of New Zealand. And why not? New Zealand and Australia are literally leading the way   right behind Western Europe in just how bad you can make your citizens experience   be. It's just pathetic.   New Zealand is pathetic. Australia   is pathetic. Not the people,   their governments.   It's same with Western Europe, same with Canada, same with Mexico, same with The United States. It doesn't matter. It's not the people.   Australia,   it's not it's not bad. It's the government. New Zealand is gorgeous. It's not bad. It's the government.   It's always the same story.  

It's not the people.   It's the people these people elect.   I mean, maybe we should just stop having elections   and just leave everybody alone.   I probably won't work, but that's okay.   We're going to move on to remix point,   has become the first Japan listed company to pay   its CEO in Bitcoin.   You thought I was gonna go with another treasury company. No. No. No. No. No. This is out of bitcoin news dot com, by the way, written by Alex Larry.   Tokyo stock exchange listed Remixed Point Incorporated has announced that it will pay its CEO and president,   Taku Toshiro,   entirely in Bitcoin.  

This is the first time   that a publicly listed Japanese company has done so.   Hashira was recently appointed as the CEO and president. The move   is part of Remix Point's broader strategy to align its executive leadership with shareholder interest   and deepen its commitment to scarce   digital   assets like Bitcoin. Quote, as CEO,   my decision to receive all of my compensation in Bitcoin is a declaration of my intention to be in the same boat   as our shareholders.   We take responsibility   for increasing corporate value   and will do our utmost to manage the company from a shareholder perspective.  

The idea reportedly came from Toshiro himself who wanted to show loyalty   to the company's Bitcoin strategy and strengthen his alignment with investors.   Remix point considered paying its executives and company stock, but Japanese regulations regarding insider trading prevented them from doing so.   Instead, they chose Bitcoin as an alternative   as it has a strong price correlation with Remix Point stock. That's okay. That makes a lot of sense.   Quote, by receiving compensation in Bitcoin, the company's leadership will share the same economic fate   as its shareholders,   fostering a system that aligns economic value with investors.  

See, that's suit speak that actually says something.   Because it's like he's actually taking his pay in Bitcoin.   Remix is a Bitcoin treasury company.   The fact that they can't pay their guys in stock and instead have to pay them in bitcoin   absolutely   aligns   the executive   branch of this company,   the higher ups, the the the big dogs,   the people that eat the best   directly with the plebs at the bottom, the shareholders.   I like it. I think it's okay, man. I mean, it's it it not every company sucks.   Just just I'm just saying.   Although the CEO will receive a salary of Bitcoin, the process is legally compliant with Japanese   law.  

The remix point said compensation is formally   paid in Japanese yen and then the equivalent amount is used to buy Bitcoin at market price and then transferred   to the CEO's designated wallet. This way,   the compensation is entirely in Bitcoin in practice   while within the boundaries of Japan's companies act and tax regulations.   RemixPoint   operates in digital assets, energy,   and web technology sectors and offers services like   digital asset exchanges,   blockchain consulting, and energy management solutions.   Paying its CEO in Bitcoin is just the latest sign of its long term Bitcoin strategy. In September of twenty twenty four, Remix Point started investing in digital assets to hedge   against the weakening Japanese yen.  

Since then, it's built a significant   portfolio which now includes   1,051   and a half BTC   and some shit coins.   According to the latest filing, these assets are worth approximately   $118,000,000   US.   BTC   is the,   by far, majority of the value and has generated most of the unrealized gains,   which is over $12,200,000   US.   RemixPoint   plans to continue buying Bitcoin. On 06/13/2025,   the company purchased   13 more Bitcoin for 200,000,000   yen or $1,400,000   The company said the purchase is part of a long term Bitcoin investment.   It will keep buying Bitcoin   even   after having reached the 1,000 BTC   goal. Remix point is not the only   Tokyo listed companies buying Bitcoin,   at all. Meta Planet is also aggressively planning to buy Bitcoin and has been doing so for a while. And then there's a couple of other companies that they talk about. They're all becoming Bitcoin treasury companies. But this one,   nah, this one is actually   putting his money where his mouth is. And honestly, dude, respect.  

Because, I mean, shit goes south, your pay goes south.   Although,   on the on the other side,   Bitcoin goes up,   you made a lot of money almost instantly. I mean, why   not?   Why not   align   your   actual, you know, put your money where your mouth is with your shareholders?   If they have to live and die   by the fluctuations of Bitcoin's price and they've trusted the company   to do the right thing and not lose their money,   then it seems only appropriate that the chief executive officer say I'm getting paid in Bitcoin too.   I don't know, man.   Again, sometimes companies   actually make statements   that   are real statements that   that say something   and and not just a bunch of catch words. Right?  

Generally speaking, if if he said something like,   here at Remix Point, we align our values with our shareholders.   If that's all that was ever said, that says nothing.   It's like but this guy's like, I'm getting paid in Bitcoin.   I'm demonstrating   that we're aligning our values with our shareholder values.   That actually says something.   That's different.   That's real.   I'll let you marinate on that one, and I'll see you on the other side.   This has been Bitcoin and and I'm your host, David Bennett. I hope you enjoyed today's episode and hope to see you again real soon.   Have a great day.