🪙 Crypto and Blockchain News (December 4, 2023):

1️⃣ Linkedin: Major Jason Lowry of the US Space Forces has urged the country's Ministry of Defense to explore the possibility of utilizing Proof-of-Work (PoW) based networks, as they could hold national strategic significance. The major shared this opinion in an open letter directed to the US Defense Innovation Board. 🌐 It's intriguing to see how military representatives are considering #blockchain technologies in the context of national security.

2️⃣ Hut 8: Hut 8 Mining has announced the completion of its merger with the mining company US Bitcoin (USBTC). The combined company is now named Hut 8 Corp. (New Hut). As a result of the transaction, Hut 8 shares will be delisted from the Toronto Stock Exchange and #nasdaq no later than December 4, 2023, and will be replaced by securities of New Hut under the ticker symbol HUT. 🔄 Mergers in the crypto industry are becoming increasingly common.

3️⃣ Decrypt: Bitcoin exchange #coinbase has no plans to launch a token for its L2 network Base. 🚫 Coinbase's decision not to issue a token for its L2 network may be related to a desire to avoid additional regulatory scrutiny.

4️⃣ Samson Mow: Colombian President Gustavo Petro has become the owner of the first cryptocurrency. He received 100,000 satoshis (0.001 #btc or $39.4). This was reported by former Director of Strategic Development at Blockstream and CEO of JAN3, Samson Mow. 💰

5️⃣ Business Wire: Licensed cryptocurrency bank SEBA from Switzerland has rebranded as AMINA Bank AG. Its representatives added that the rebranding will not impact operations. The branch in Abu Dhabi and subsidiaries in Hong Kong and Singapore are expected to apply for a name change to align with the headquarters in Zug. 🏦

🚀💬 Which news item interested you the most? Share your opinion in the comments!