Welcome to the Bitcoin Street Journal, your go
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of Bitcoin markets. With current live Bitcoin
technical analysis, up -to -date information
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and market supply, you'll always be in the know
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In today's episode, We'll cover sustainable Bitcoin
mining, legal charges against Sam Bankman Fried
for XRP and Doge trade, a Bitcoin ATM operator's
lawsuit against local sheriff over crypto scam,
New York's ban on CoinX, and Salesforce's $6
million investment in NFT firm Mnemonic. In this
week's episode of the Bitcoin Street Journal's
market update, we've got some interesting news
to share. New research has found that Bitcoin
mining is the most sustainable sector of the
economy, with 52 .6 % of its energy usage coming
from sustainable sources. This is good news for
those who've been concerned about the environmental
impact of Bitcoin mining. Moving on to legal
news, it seems Sam Bankman Fried, also known
as SBF, may not serve any jail time after the
feds quietly dropped five charges against him.
The remaining charges will be plea bargained
away. Bitcoin dominance has soared to a two -year
high as BTC maintains $1 .26K, while other altcoins
like XRP and Doge have only seen insignificant
gains on a daily scale. If you're interested
in learning about this week's worst performers,
we've got an analysis of LDO, ADA, APT, Sowell,
and Matic for you. In exciting news, the Hinman
speech was unsealed in the process of Ripple's
case against the SEC. revealing some spicy information
that has just recently become public for the
first time. Unfortunately, it isn't all good
news for crypto this week. ETH has crashed 6
% daily and some are predicting $1 ,500 to be
the next target. On the regulatory front, Brazil's
president has empowered the central bank as a
crypto regulator. South Korean crypto lender
has also suspended withdrawals. However, there's
some positive news too. The mayor of Miami, who
is known for being a Bitcoin lover, has joined
the U .S. presidential race. Voyager is set to
enable customer withdrawals this month, and BlackRock
has filed a Bitcoin spot ETF application and
tapped Coinbase. In other news, we've got stories
about OKCoin being warned by the FDIC over promotional
material, Binance exiting Netherlands after failing
to secure a VASP license, and Arthur Hayes claiming
removal of U .S. retail investors from the crypto
capital market is misplaced. CZ refutes reports
that Binance's French branch was under investigation.
Stablecoin DAI has surpassed bust amid the Binance
SEC regulatory row. However, Binance US resort
to job cuts as it prepares for long and costly
litigation with the SEC. Duquan's detention in
Montenegro could be extended by another six months.
And Binance launches a Bitcoin transaction accelerator
and teases a layer two solution. Finally, we've
got some heartwarming news. The crypto community
has come together to donate over $600K in hours
after Zach XBT was sued. On the other hand, an
American Express backed crypto platform is slammed
with fraud charges by a Texas regulator. In the
world of cryptocurrency news, things are always
moving pretty fast. Let's dive right in with
our first story. Apparently, there was a crypto
scam in Texas that led to a lawsuit between a
Bitcoin ATM operator and a local sheriff. According
to reports, things got pretty messy, but we don't
have all the juicy details just yet. Moving on,
CoinX has apparently settled with NYAG, that's
the New York Attorney General's office, but the
exchange has been banned from operating in the
state of New York. Ouch. In other news, Salesforce
Ventures has led a $6 million seed extension
investment in NFT intelligence firm Mnemonic.
It looks like the NFT space continues to heat
up as more and more investors jump on board.
Here's something interesting. Du Quan, the founder
of decentralized finance platform Terraform,
claims he didn't know his password was fake.
Hmm. Wonder how that happened. If you're keeping
an eye on the markets this weekend, you might
be interested to hear that Aptos, APT, exploded
20 % over the past week, while Bitcoin seems
to have stalled at $26 ,500. What's going on
there, we wonder? Speaking of Bitcoin, there's
still some uncertainty about how the upcoming
halving will affect the asset's behavior. Coinbase
recently commented on this, saying that the impact
is still unclear. Alright, let's switch gears
a bit here and talk about CBCs, Central Bank
Digital Currencies. Are they a crucial social
experiment, or will they lead to digital enslavement?
We'll leave that up to you to decide. In other
news, USDC has apparently dethroned USDT as the
most liquid stablecoin on centralized exchanges,
according to some data that recently came out.
Interesting? Here's something to ponder. BlackRock's
ETF applications have had a success rate of 575
to 1 with the SEC. But what about their Bitcoin
application? Hmm. Moving right along, it looks
like Jack Dorsey's fund has pledged $5 million
to Bitcoin developers. Nice. If you're into trading
and exchanges, you might want to check out Nansen's
report on the post -FTX effect. Apparently, Bybit
Kraken and BitGet are all seeing growing trading
volumes lately. In other news, Binance has issued
a cease and desist order against Binance Nigeria
Limited. We'll have to keep an eye on how that
plays out. And last but not least, digital asset
investment products saw some minor outflows totaling
$5 .1 million, but there were also some minor
inflows later in the week. Apparently, This was
related to news that one of the world's largest
asset managers has applied for a Bitcoin ETF
in the US. Before we wrap things up, we wanted
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.fem to learn more. Thanks for tuning in to today's
episode where we discussed sustainable Bitcoin
mining, the plea bargaining of Sam Bankman Fried,
and the insignificant gains of XRP and Doge,
as well as the lawsuit by a Bitcoin ATM operator
against a local sheriff, New York's ban of CoinX,
and Salesforce's $6M investment in NFT firm Mnemonic.
Thanks for listening and don't forget to subscribe.