Musk and Twitter — that’s a fine combo.
“Wholecoiners” on the rise!
Crypto mining farms forced to shut down in Iran.

GM vEmpions, today’s quote: “Train yourself to let go of everything you fear to lose.” — Yoda (also every other crypto holder)

🐦 Papa Musk goes after Twitter

🪙 BTC “wholecoiners” are on the rise — the bear market doesn’t seem to scare them

🔋 Iran shutting down all crypto mining farms

Elon Musk hints that if he takes over Twitter he will integrate crypto payments.

Musk alluded that he will implement a mechanism to send and receive money with Twitter, both fiat and crypto.

In the first “all-hands” meeting with Twitter’s employees, Elon Musk hinted that he wants to make quite a few changes.

Starting with the implementation of payment and money transfer mechanics for fiat and cryptocurrencies.

He also went over the problem of scams and spam accounts, he expressed his concern with the ongoing challenge for Twitter.

“There’s definitely an ongoing challenge with Twitter bot accounts and spam accounts. There are quite a lot of crypto scams on Twitter. It’s gotten better, but there’s still a fair bit of that,” Musk said.

Musk previously said that the spam bot is the single most annoying problem on Twitter and he vowed to defeat it “or die trying,” if his bid to buy the social media platform succeeds.

Another problem that was discussed in that meeting was the topic of transparency, trust, and free speech.

“Transparency obviously increases trust,” the SpaceX boss emphasized

Regarding free speech, Musk said: “I think it’s essential to have free speech and to be able to communicate freely … It’s free speech within the context of the law. So I’m not talking about suggesting that we just flout the law, because we’ll just get shut down in that case.”

Bitcoin “wholecoiners” rise by more than 13 000 over the past 7 days

People that hold a whole BTC or more keep rising amidst the drop in prices.

13 091 is the number of BTC wallet addresses that hold one or more BTC. This seems like a very good sentiment for Bitcoin holders.

The dropping prices of Bitcoin seem to have encouraged more people to get in on the action now that it is more affordable.

Christian Ander, the founder of the Swedish Bitcoin exchange BT.CX told Cointelegraph that “People have a strong belief in the future of the Bitcoin network and the value of the currency.”

We also think that is the case with Mr. Ander(son)(“wink”).

At a price of around $20,000 per Bitcoin, the significant growth in the number of whole coiners suggests that retail–or “plebs,” as they are often referred to–are acquiring Bitcoin as fast as their incomes would allow. Over the last 10 days, the amount of entries adding 0.1 BTC ($2,000) or more has likewise begun a parabolic surge.

Iran’s record high power demand forces government to shut down crypto mining farms

Authorities in Iran intend to disconnect licensed crypto mining operations as the country’s electricity consumption reaches all-time highs.

The mining farms will be disconnected from the power grid on Wednesday, according to the Islamic Republic’s Ministry of Energy.

Authorized cryptocurrency mining operations in Iran will be required to unplug their “power-hungry coin minting equipment” beginning in Tir on Wednesday, June 22.

The decision was announced by Mostafa Rajabi Mashhadi, spokesman for the Ministry of Energy.

According to a government official, the policy applies to the 118 approved mining farms that are now operating in the Islamic Republic.

The temporary restrictions would be introduced after the country’s electricity consumption reached a record high of 62,500 megawatts (MW) during peak hours last week.

In 2019, Tehran’s government allowed cryptocurrency mining as an economic industry.

Since then, scores of enterprises have sought a license from the Ministry of Industry and begun extracting digital currencies using the low-cost electricity provided by Iranian power plants.

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