Hi, I’m Nate Martin from 99Bitcoinscom and here’s what happened this week in Bitcoin

It was not a good week for Facebook’s Libra project – again Hotel reservation company, Bookingcom, joined PayPal, Visa, and Mastercard to become the 7th major company to exit the project Furthermore, a US Congressman said Facebook should drop Libra and instead implement Bitcoin Warren Davidson criticized Facebook’s speech filters and feared similar filters on transactions

The tax haven island of Bermuda is set to accept US Dollar-pegged Stablecoin, USDC, for tax payments USDC is issued by the major US exchanges, Coinbase and Circle Bermuda is known for its lenient approach to crypto taxation and legislation and now becomes the first nation to accept a stablecoin for tax payments Binance, the largest crypto-to-crypto exchange brought in approximately $186 million in profits in Q3; up 56% from Q2 Every quarter Binance burns BNB worth 20% of its quarterly profits

During the 9th burn, Binance sent 2 million BNB valued at 36 million USD to an inaccessible address Cumulatively, the exchange has made more than $1 billion in a little over two years of existence The supply of Bitcoin reached 18 million BTC out of the maximum of 21 million This means that over 85% of Bitcoin’s total supply has been issued It’s expected to take another 120 years before all the coins are mined

And finally, Oxford University Press has added the term “satoshi” to their famous dictionary The word “Bitcoin” was added in 2014 That’s what happened this week in Bitcoin See you next week