WEBVTT 00:00:05.989 --> 00:00:08.769 Welcome to the Bitcoin Street Journal, your go 00:00:08.769 --> 00:00:10.990 -to podcast for daily live updates on the world 00:00:10.990 --> 00:00:13.710 of Bitcoin markets. With current live Bitcoin 00:00:13.710 --> 00:00:16.289 technical analysis, up -to -date information 00:00:16.289 --> 00:00:20.030 on Bitcoin, BTC price, market capitalization 00:00:20.030 --> 00:00:23.050 and market supply, you'll always be in the know 00:00:23.050 --> 00:00:25.390 on the latest happenings in the ever -evolving 00:00:25.390 --> 00:00:28.190 world of cryptocurrency. Be sure to hit the subscribe 00:00:28.190 --> 00:00:30.589 button to stay informed and never miss an episode. 00:00:31.429 --> 00:00:34.159 In today's episode, We'll cover sustainable Bitcoin 00:00:34.159 --> 00:00:37.000 mining, legal charges against Sam Bankman Fried 00:00:37.000 --> 00:00:40.799 for XRP and Doge trade, a Bitcoin ATM operator's 00:00:40.799 --> 00:00:43.200 lawsuit against local sheriff over crypto scam, 00:00:43.700 --> 00:00:46.500 New York's ban on CoinX, and Salesforce's $6 00:00:46.500 --> 00:00:56.859 million investment in NFT firm Mnemonic. In this 00:00:56.859 --> 00:00:59.240 week's episode of the Bitcoin Street Journal's 00:00:59.240 --> 00:01:01.700 market update, we've got some interesting news 00:01:01.700 --> 00:01:04.870 to share. New research has found that Bitcoin 00:01:04.870 --> 00:01:07.329 mining is the most sustainable sector of the 00:01:07.329 --> 00:01:11.370 economy, with 52 .6 % of its energy usage coming 00:01:11.370 --> 00:01:14.230 from sustainable sources. This is good news for 00:01:14.230 --> 00:01:16.049 those who've been concerned about the environmental 00:01:16.049 --> 00:01:18.750 impact of Bitcoin mining. Moving on to legal 00:01:18.750 --> 00:01:21.290 news, it seems Sam Bankman Fried, also known 00:01:21.290 --> 00:01:24.129 as SBF, may not serve any jail time after the 00:01:24.129 --> 00:01:26.450 feds quietly dropped five charges against him. 00:01:26.909 --> 00:01:28.829 The remaining charges will be plea bargained 00:01:28.829 --> 00:01:31.799 away. Bitcoin dominance has soared to a two -year 00:01:31.799 --> 00:01:36.140 high as BTC maintains $1 .26K, while other altcoins 00:01:36.140 --> 00:01:39.260 like XRP and Doge have only seen insignificant 00:01:39.260 --> 00:01:41.900 gains on a daily scale. If you're interested 00:01:41.900 --> 00:01:43.700 in learning about this week's worst performers, 00:01:44.200 --> 00:01:48.920 we've got an analysis of LDO, ADA, APT, Sowell, 00:01:49.359 --> 00:01:52.540 and Matic for you. In exciting news, the Hinman 00:01:52.540 --> 00:01:55.159 speech was unsealed in the process of Ripple's 00:01:55.159 --> 00:01:59.140 case against the SEC. revealing some spicy information 00:01:59.140 --> 00:02:01.500 that has just recently become public for the 00:02:01.500 --> 00:02:04.120 first time. Unfortunately, it isn't all good 00:02:04.120 --> 00:02:07.900 news for crypto this week. ETH has crashed 6 00:02:07.900 --> 00:02:11.699 % daily and some are predicting $1 ,500 to be 00:02:11.699 --> 00:02:14.639 the next target. On the regulatory front, Brazil's 00:02:14.639 --> 00:02:16.639 president has empowered the central bank as a 00:02:16.639 --> 00:02:19.180 crypto regulator. South Korean crypto lender 00:02:19.180 --> 00:02:22.000 has also suspended withdrawals. However, there's 00:02:22.000 --> 00:02:25.210 some positive news too. The mayor of Miami, who 00:02:25.210 --> 00:02:28.030 is known for being a Bitcoin lover, has joined 00:02:28.030 --> 00:02:31.169 the U .S. presidential race. Voyager is set to 00:02:31.169 --> 00:02:33.870 enable customer withdrawals this month, and BlackRock 00:02:33.870 --> 00:02:36.469 has filed a Bitcoin spot ETF application and 00:02:36.469 --> 00:02:39.009 tapped Coinbase. In other news, we've got stories 00:02:39.009 --> 00:02:42.310 about OKCoin being warned by the FDIC over promotional 00:02:42.310 --> 00:02:45.430 material, Binance exiting Netherlands after failing 00:02:45.430 --> 00:02:48.370 to secure a VASP license, and Arthur Hayes claiming 00:02:48.370 --> 00:02:50.870 removal of U .S. retail investors from the crypto 00:02:50.870 --> 00:02:54.240 capital market is misplaced. CZ refutes reports 00:02:54.240 --> 00:02:56.819 that Binance's French branch was under investigation. 00:02:57.460 --> 00:03:00.780 Stablecoin DAI has surpassed bust amid the Binance 00:03:00.780 --> 00:03:04.639 SEC regulatory row. However, Binance US resort 00:03:04.639 --> 00:03:07.180 to job cuts as it prepares for long and costly 00:03:07.180 --> 00:03:10.280 litigation with the SEC. Duquan's detention in 00:03:10.280 --> 00:03:13.039 Montenegro could be extended by another six months. 00:03:13.419 --> 00:03:16.280 And Binance launches a Bitcoin transaction accelerator 00:03:16.280 --> 00:03:19.800 and teases a layer two solution. Finally, we've 00:03:19.800 --> 00:03:22.400 got some heartwarming news. The crypto community 00:03:22.400 --> 00:03:26.060 has come together to donate over $600K in hours 00:03:26.060 --> 00:03:29.460 after Zach XBT was sued. On the other hand, an 00:03:29.460 --> 00:03:32.039 American Express backed crypto platform is slammed 00:03:32.039 --> 00:03:41.919 with fraud charges by a Texas regulator. In the 00:03:41.919 --> 00:03:44.240 world of cryptocurrency news, things are always 00:03:44.240 --> 00:03:46.699 moving pretty fast. Let's dive right in with 00:03:46.699 --> 00:03:49.360 our first story. Apparently, there was a crypto 00:03:49.360 --> 00:03:51.800 scam in Texas that led to a lawsuit between a 00:03:51.800 --> 00:03:55.659 Bitcoin ATM operator and a local sheriff. According 00:03:55.659 --> 00:03:58.599 to reports, things got pretty messy, but we don't 00:03:58.599 --> 00:04:02.280 have all the juicy details just yet. Moving on, 00:04:02.620 --> 00:04:05.319 CoinX has apparently settled with NYAG, that's 00:04:05.319 --> 00:04:07.620 the New York Attorney General's office, but the 00:04:07.620 --> 00:04:09.439 exchange has been banned from operating in the 00:04:09.439 --> 00:04:13.310 state of New York. Ouch. In other news, Salesforce 00:04:13.310 --> 00:04:15.830 Ventures has led a $6 million seed extension 00:04:15.830 --> 00:04:18.790 investment in NFT intelligence firm Mnemonic. 00:04:19.470 --> 00:04:21.649 It looks like the NFT space continues to heat 00:04:21.649 --> 00:04:23.829 up as more and more investors jump on board. 00:04:24.329 --> 00:04:27.629 Here's something interesting. Du Quan, the founder 00:04:27.629 --> 00:04:30.250 of decentralized finance platform Terraform, 00:04:30.730 --> 00:04:32.769 claims he didn't know his password was fake. 00:04:33.410 --> 00:04:36.209 Hmm. Wonder how that happened. If you're keeping 00:04:36.209 --> 00:04:38.509 an eye on the markets this weekend, you might 00:04:38.509 --> 00:04:42.050 be interested to hear that Aptos, APT, exploded 00:04:42.050 --> 00:04:45.110 20 % over the past week, while Bitcoin seems 00:04:45.110 --> 00:04:49.170 to have stalled at $26 ,500. What's going on 00:04:49.170 --> 00:04:51.410 there, we wonder? Speaking of Bitcoin, there's 00:04:51.410 --> 00:04:53.550 still some uncertainty about how the upcoming 00:04:53.550 --> 00:04:56.769 halving will affect the asset's behavior. Coinbase 00:04:56.769 --> 00:04:59.209 recently commented on this, saying that the impact 00:04:59.209 --> 00:05:01.649 is still unclear. Alright, let's switch gears 00:05:01.649 --> 00:05:04.430 a bit here and talk about CBCs, Central Bank 00:05:04.430 --> 00:05:06.949 Digital Currencies. Are they a crucial social 00:05:06.949 --> 00:05:09.490 experiment, or will they lead to digital enslavement? 00:05:09.930 --> 00:05:12.129 We'll leave that up to you to decide. In other 00:05:12.129 --> 00:05:15.389 news, USDC has apparently dethroned USDT as the 00:05:15.389 --> 00:05:17.990 most liquid stablecoin on centralized exchanges, 00:05:18.569 --> 00:05:20.649 according to some data that recently came out. 00:05:21.230 --> 00:05:24.490 Interesting? Here's something to ponder. BlackRock's 00:05:24.490 --> 00:05:27.649 ETF applications have had a success rate of 575 00:05:27.649 --> 00:05:30.589 to 1 with the SEC. But what about their Bitcoin 00:05:30.589 --> 00:05:34.069 application? Hmm. Moving right along, it looks 00:05:34.069 --> 00:05:36.670 like Jack Dorsey's fund has pledged $5 million 00:05:36.670 --> 00:05:40.589 to Bitcoin developers. Nice. If you're into trading 00:05:40.589 --> 00:05:42.870 and exchanges, you might want to check out Nansen's 00:05:42.870 --> 00:05:46.709 report on the post -FTX effect. Apparently, Bybit 00:05:46.829 --> 00:05:49.269 Kraken and BitGet are all seeing growing trading 00:05:49.269 --> 00:05:52.490 volumes lately. In other news, Binance has issued 00:05:52.490 --> 00:05:55.209 a cease and desist order against Binance Nigeria 00:05:55.209 --> 00:05:57.629 Limited. We'll have to keep an eye on how that 00:05:57.629 --> 00:06:01.009 plays out. And last but not least, digital asset 00:06:01.009 --> 00:06:04.209 investment products saw some minor outflows totaling 00:06:04.209 --> 00:06:07.589 $5 .1 million, but there were also some minor 00:06:07.589 --> 00:06:11.490 inflows later in the week. Apparently, This was 00:06:11.490 --> 00:06:13.689 related to news that one of the world's largest 00:06:13.689 --> 00:06:16.310 asset managers has applied for a Bitcoin ETF 00:06:16.310 --> 00:06:20.069 in the US. Before we wrap things up, we wanted 00:06:20.069 --> 00:06:21.930 to remind our listeners that if you're enjoying 00:06:21.930 --> 00:06:24.449 this podcast, there's a really easy way to show 00:06:24.449 --> 00:06:27.649 your support and help us grow. Download the Fountain 00:06:27.649 --> 00:06:31.089 app on iOS or Android. Follow the Bitcoin Street 00:06:31.089 --> 00:06:33.850 Journal market update and start listening. You 00:06:33.850 --> 00:06:35.709 can share your thoughts on this episode by sending 00:06:35.709 --> 00:06:38.410 a boost, like a payment with a message, and see 00:06:38.410 --> 00:06:41.019 what other listeners have to say. or create clips 00:06:41.019 --> 00:06:44.120 of the best moments. Getting started is easy. 00:06:44.579 --> 00:06:46.560 You can top up your Fountain wallet with a bank 00:06:46.560 --> 00:06:48.579 card or using your Bitcoin lightning wallet. 00:06:49.120 --> 00:06:51.180 Oh, and you can earn Bitcoin just by listening 00:06:51.180 --> 00:06:53.779 on Fountain too. It's a no -brainer. Visit fountain 00:06:53.779 --> 00:07:05.879 .fem to learn more. Thanks for tuning in to today's 00:07:05.879 --> 00:07:08.240 episode where we discussed sustainable Bitcoin 00:07:08.240 --> 00:07:11.019 mining, the plea bargaining of Sam Bankman Fried, 00:07:11.279 --> 00:07:14.139 and the insignificant gains of XRP and Doge, 00:07:14.740 --> 00:07:17.579 as well as the lawsuit by a Bitcoin ATM operator 00:07:17.579 --> 00:07:20.600 against a local sheriff, New York's ban of CoinX, 00:07:21.079 --> 00:07:24.459 and Salesforce's $6M investment in NFT firm Mnemonic. 00:07:25.000 --> 00:07:26.939 Thanks for listening and don't forget to subscribe.