EPISODE · Nov 11, 2025 · 43 MIN
McBitcoin | Bitcoin News
from Bitcoin And | Bitcoin & Economic News · host David Bennett | Bitcoin & Economic News
It’s Veterans Day and I kept it tight but packed. I open with China’s National Computer Virus Emergency Response Center accusing the U.S. of being behind the 2020 LuBian mining pool hack, after DOJ filed what it calls the largest-ever forfeiture—127k+ BTC tied to Prince Group’s Chen Zhi now in U.S. custody. I walk through what Arkham surfaced, the timeline quirks, and why a direct, state-to-state Bitcoin theft accusation is a geopolitical first worth watching.Then we head to Brazil, where the central bank finalized a sweeping crypto framework that licenses VASPs, classifies many crypto and stablecoin flows as foreign exchange, and imposes capital and reporting rules. I hit the industry pushback and what it means on the ground. From there, a lighter detour into the perennial “McRib effect” meme as McDonald’s revives the sandwich and crypto Twitter runs with correlations. I close with the big adoption beats: Square flipping on Bitcoin payments for millions of sellers (with a new merchant map inside Cash App) and SoFi becoming the first nationally chartered U.S. bank to offer retail crypto trading—plus fresh survey data showing institutions increasing digital asset exposure.Cointelegraph — China raises alarm over alleged US role in LuBian hack: https://cointelegraph.com/news/china-raises-alarm-united-states-lubian-127k-bitcoin-hackChina National Computer Virus Emergency Response Center (CVERC) — official notice hub (example report page): https://www.cverc.org.cn/zxdt/report20250420.htmU.S. Department of Justice (EDNY) — Indictment of Prince Group’s Chen Zhi and related 127,271 BTC forfeiture filing: https://www.justice.gov/usao-edny/pr/chairman-prince-group-indicted-operating-cambodian-forced-labor-scam-compounds-engagedArkham Intelligence — Announcement and entity tracker for LuBian hack: https://info.arkm.com/announcements/arkham-uncoversCoinDesk — Brazil’s central bank sets crypto rules, capital bars and FX treatment: https://www.coindesk.com/tr/policy/2025/11/11/brazil-s-central-bank-sets-crypto-rules-establishes-up-to-usd7m-capital-bar-for-firms/Reuters — Brazil central bank tightens rules for virtual assets and stablecoin FX treatment: https://www.reuters.com/world/americas/brazil-central-bank-tightens-rules-virtual-assets-cryptocurrency-2025-11-10/McDonald’s USA — McRib product page: https://www.mcdonalds.com/us/en-us/product/mcrib.htmlMcRib Locator — community sightings map: https://mcriblocator.com/Square (Block) — Press release: Block to roll out bitcoin payments on Square: https://squareup.com/us/en/press/block-to-roll-out-bitcoin-payments-on-squareCointelegraph — Jack Dorsey’s Square opens 4M merchants to Bitcoin: https://cointelegraph.com/news/jack-dorsey-square-merchants-bitcoinBTC Map — open-source map of Bitcoin-accepting merchants: https://btcmap.org/SoFi — Business Wire press release: SoFi Bank becomes first nationally chartered bank to launch consumer crypto trading: https://www.businesswire.com/news/home/20251111406660/en/SoFi-Bank-Becomes-the-First-and-Only-Nationally-Chartered-Bank-to-Launch-Crypto-Trading-for-ConsumersYahoo News — Full transcript of CBS 60 Minutes interview with President Trump (crypto remarks included): https://www.yahoo.com/news/articles/read-full-transcript-60-minutes-003249668.htmlMedici Roasting (Austin) — referenced merchant where Square BTC payments were used: https://mediciroasting.com/Zaprite — Bitcoin and fiat payments platform (mentioned via Parker Lewis): https://zaprite.com/CitizenX — Company site (Katie Ananina cited as CMO): https://citizenx.com/about Get Your Free Comfrey Owner's Manual Here:https://www.bitcoinandshow.com/the-comfrey-owners-manual-is-here/Help a Brother Out With 5 Star Reviews:Apple Podcasts: https://podcasts.apple.com/us/podcast/bitcoin-and-bitcoin-economic-news/id1438789088Spotify Podcasts: https://open.spotify.com/show/1dsTluNHIPNsXVRghpqxhYAmazon Music: https://music.amazon.com/podcasts/9ef7d5b6-9137-439d-94eb-8071ec6bf890/bitcoin-and-bitcoin-economic-newsYouTube Music: https://music.youtube.com/playlist?list=PLWaKxaQF5Q5WiTq80SBYs_7iLDtleV0rZFind the Bitcoin And Podcast on every podcast app here:https://episodes.fm/1438789088Find me on nostrnpub1vwymuey3u7mf860ndrkw3r7dz30s0srg6tqmhtjzg7umtm6rn5eq2qzugd (npub)6389be6491e7b693e9f368ece88fcd145f07c068d2c1bbae4247b9b5ef439d32 (Hex)Twitter:https://twitter.com/DavidB84567StackerNews:stacker.news/NunyaBidnessPodcasting 2.0:fountain.fm/show/eK5XaSb3UaLRavU3lYrIApple Podcasts:tinyurl.com/unm35bjh Mastodon:https://noauthority.social/@NunyaBidnessSupport Bitcoin And . . . on Patreon: patreon.com/BitcoinAndPodcastFind Lightning Network Channel partners here:https://t.me/+bj-7w_ePsANlOGEx (Nodestrich)https://t.me/plebnet (Plebnet)Music by:Flutey Funk Kevin MacLeod (incompetech.com)Licensed under Creative Commons: By Attribution 3.0 Licensecreativecommons.org/licenses/by/3.0/
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McBitcoin | Bitcoin News
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