WEBVTT 00:00:05.879 --> 00:00:08.839 Welcome to the Bitcoin Street Journal, your go 00:00:08.839 --> 00:00:11.400 -to podcast for daily live updates on the world 00:00:11.400 --> 00:00:14.359 of Bitcoin markets. With current live Bitcoin 00:00:14.359 --> 00:00:17.000 technical analysis, up -to -date information 00:00:17.000 --> 00:00:20.000 on Bitcoin BTC price, market capitalization, 00:00:20.079 --> 00:00:22.820 and market supply, you'll always be in the know 00:00:22.820 --> 00:00:25.160 on the latest happenings in the ever evolving 00:00:25.160 --> 00:00:28.140 world of cryptocurrency. Be sure to hit the subscribe 00:00:28.140 --> 00:00:31.250 button to stay informed. and never miss an episode. 00:00:32.109 --> 00:00:34.369 In today's episode, we'll cover Bitcoin custody 00:00:34.369 --> 00:00:37.210 registration in France, illiquid supply, new 00:00:37.210 --> 00:00:40.810 AT8, BitGo drops Prime Trust, SEC relinquishes 00:00:40.810 --> 00:00:43.450 BlockFi penalty, Coinbase buying, exceeded selling, 00:00:43.750 --> 00:00:46.789 Atomic Wallet working to recover funds, NHS raises 00:00:46.789 --> 00:00:50.009 $1 .5 million, CleanSpark acquires two Georgia 00:00:50.009 --> 00:00:59.979 facilities, and new crypto ventures arise. Welcome 00:00:59.979 --> 00:01:02.380 to the Bitcoin Street Journal, Bitcoin Market 00:01:02.380 --> 00:01:06.159 Update, episode 31, week 24, coming to you on 00:01:06.159 --> 00:01:10.200 this lovely Friday, June 23rd, 2023. Let's dive 00:01:10.200 --> 00:01:12.379 right into the latest crypto news, shall we? 00:01:12.840 --> 00:01:15.180 First up, we have some exciting news out of France. 00:01:15.780 --> 00:01:18.659 Credit agricoles Casais has just gained crypto 00:01:18.659 --> 00:01:21.439 custody registration, making it the latest bank 00:01:21.439 --> 00:01:23.620 to offer these services in the country. This 00:01:23.620 --> 00:01:25.879 is a big step forward for crypto adoption in 00:01:25.879 --> 00:01:28.569 France. Another interesting development this 00:01:28.569 --> 00:01:32.030 week is that Bitcoin's illiquid supply has reached 00:01:32.030 --> 00:01:36.829 a new all -time high of 15. 2M BTC, while exchange 00:01:36.829 --> 00:01:39.030 balances have fallen to their lowest levels since 00:01:39.030 --> 00:01:43.950 January 2018 at 2. 3M BTC. In other news, Bitgo 00:01:43.950 --> 00:01:46.549 has dropped its plans to acquire rival crypto 00:01:46.549 --> 00:01:50.209 custodian Prime Trust. And FTX is moving to claw 00:01:50.209 --> 00:01:54.209 back $800 million from K5 Global, Olympus Capital, 00:01:54.590 --> 00:01:57.530 SGN Albany. We also saw a divergence in buying 00:01:57.530 --> 00:02:00.450 and selling trends on different platforms. Coinbase 00:02:00.450 --> 00:02:02.629 experienced more buying compared to selling over 00:02:02.629 --> 00:02:05.189 the past few days, while the opposite trend occurred 00:02:05.189 --> 00:02:08.349 on Binance. Interesting, isn't it? Moving on 00:02:08.349 --> 00:02:11.750 to regulatory news, the SEC has decided to relinquish 00:02:11.750 --> 00:02:15.129 the $1 .30M BlockFi penalty until investors are 00:02:15.129 --> 00:02:19.310 repaid. However, Binance US is refuting SEC claims 00:02:19.310 --> 00:02:22.330 about mishandling user funds. In other crypto 00:02:22.330 --> 00:02:25.289 developments, DeFi platform Struct Finance has 00:02:25.289 --> 00:02:27.810 introduced new interest rate products, while 00:02:27.810 --> 00:02:30.330 blockchain -based network World Mobile has introduced 00:02:30.330 --> 00:02:33.229 a buyback program, and Wimbledon has integrated 00:02:33.229 --> 00:02:36.090 AI -powered commentary for this year's championship. 00:02:36.710 --> 00:02:38.990 On the cryptocurrency price front, Shiba Inu 00:02:38.990 --> 00:02:41.370 experienced a pump after its lead developer shared 00:02:41.370 --> 00:02:44.689 Shibarium update details, and Pepe Coin price 00:02:44.689 --> 00:02:48.870 soared 10 % daily as BTC bulls fight for $1 .30K. 00:02:49.400 --> 00:02:51.800 Speaking of crypto price analysis, check out 00:02:51.800 --> 00:02:55.900 the latest on ETH, XRP, ADA, Doge, and SHIB. 00:02:56.419 --> 00:02:58.240 We also have some exciting news for Lightning 00:02:58.240 --> 00:03:01.020 Network enthusiasts. Jack Dorsey and Spiral's 00:03:01.020 --> 00:03:02.900 Bitcoin Lightning Development Kit have announced 00:03:02.900 --> 00:03:06.560 the LDK node, enabling users to quickly and easily 00:03:06.560 --> 00:03:08.699 get a Lightning node up and running within a 00:03:08.699 --> 00:03:12.259 day. Finally, an interesting fact. Two years 00:03:12.259 --> 00:03:14.639 ago, Credit Agricole's managing director had 00:03:14.639 --> 00:03:17.860 predicted that by 2025, Bitcoin will be worth 00:03:17.860 --> 00:03:21.270 less than a dollar. How times have changed, right? 00:03:21.629 --> 00:03:24.689 And as always, a friendly reminder, hold your 00:03:24.689 --> 00:03:26.849 Bitcoin in cold storage for maximum security. 00:03:27.389 --> 00:03:29.349 Thanks for tuning into this week's Bitcoin Market 00:03:29.349 --> 00:03:37.349 Update. Lots of interesting and exciting news 00:03:37.349 --> 00:03:39.590 in the world of cryptocurrencies and blockchain 00:03:39.590 --> 00:03:42.990 technology today. Let's start with the news that 00:03:42.990 --> 00:03:46.210 crypto wallet Atomic Wallet has reported that 00:03:46.210 --> 00:03:49.879 less than 0 .1 % of its users have been affected 00:03:49.879 --> 00:03:52.120 by a recent hack that resulted in the loss of 00:03:52.120 --> 00:03:55.340 $100 million in cryptocurrencies. The Atomic 00:03:55.340 --> 00:03:57.419 Wallet team is currently working to recover the 00:03:57.419 --> 00:03:59.719 stolen funds, but have not confirmed how much 00:03:59.719 --> 00:04:02.939 was taken. In other news, blockchain gaming company 00:04:02.939 --> 00:04:06.840 Anichess has raised $1 .5 million to add a magical 00:04:06.840 --> 00:04:09.990 twist to the game of chess. Supported by chess 00:04:09.990 --> 00:04:12.710 .com, comma, this new play and earn riff on chess 00:04:12.710 --> 00:04:16.230 is set to roll out in 2024 and promises to bring 00:04:16.230 --> 00:04:19.689 an inventive twist to the traditional game. Bitcoin 00:04:19.689 --> 00:04:22.290 mining company CleanSpark has acquired two new 00:04:22.290 --> 00:04:25.069 facilities in Georgia for nine point three million 00:04:25.069 --> 00:04:27.730 dollars. This acquisition is expected to add 00:04:27.730 --> 00:04:31.009 an impressive one extra hash per second to CleanSpark's 00:04:31.009 --> 00:04:33.569 capacity and help expand its reach in the world 00:04:33.569 --> 00:04:36.899 of Bitcoin mining. Micropayment solution Volition 00:04:36.899 --> 00:04:39.420 has promised to make crypto for coffee transactions 00:04:39.420 --> 00:04:43.160 viable by reducing Ethereum gas fees by up to 00:04:43.160 --> 00:04:47.040 90%. Developed by Starkware, this novel scaling 00:04:47.040 --> 00:04:49.579 functionality could help make cryptocurrency 00:04:49.579 --> 00:04:52.139 transactions more accessible and affordable for 00:04:52.139 --> 00:04:54.980 everyday use. The co -founders of Three Arrows 00:04:54.980 --> 00:04:58.480 Capital, a now bankrupt crypto hedge fund, have 00:04:58.480 --> 00:05:01.060 launched a new investment venture. Meanwhile, 00:05:01.180 --> 00:05:03.420 Bitgo has cancelled its plans to acquire rival 00:05:03.420 --> 00:05:06.149 company Prime Trust. leaving users reporting 00:05:06.149 --> 00:05:09.209 frozen withdrawals. In the world of crypto betting, 00:05:09.629 --> 00:05:12.509 gamblers on Polymarket are betting $170 ,000 00:05:12.509 --> 00:05:14.930 on whether the missing Titanic submarine will 00:05:14.930 --> 00:05:17.550 be found by the end of the week. On the topic 00:05:17.550 --> 00:05:20.490 of Bitcoin mining, a new mining giant is preparing 00:05:20.490 --> 00:05:23.649 to enter the fray. Hut8 and US Bitcoin Corp are 00:05:23.649 --> 00:05:26.430 set to merge, creating one of the largest public 00:05:26.430 --> 00:05:28.980 miners in North America. And for those who love 00:05:28.980 --> 00:05:31.220 gaming and want to earn Bitcoin while playing, 00:05:31.740 --> 00:05:34.459 Zebedee's app now supports over 100 popular mobile 00:05:34.459 --> 00:05:37.800 games that pay Bitcoin for every minute you play. 00:05:38.660 --> 00:05:41.160 Soccer fans and NFT enthusiasts will be interested 00:05:41.160 --> 00:05:45.160 in FC Barcelona's latest NFT play, artwork inspired 00:05:45.160 --> 00:05:48.379 by women's club captain Alexia Poutelas, with 00:05:48.379 --> 00:05:50.939 real -world perks for the buyer. And finally, 00:05:50.939 --> 00:05:53.519 in the world of cybersecurity, hackers have leaked 00:05:53.519 --> 00:05:56.839 over 100 ,000 chat GPT login credentials on the 00:05:56.839 --> 00:06:00.040 dark web. and SAP clients are testing Circle's 00:06:00.040 --> 00:06:02.959 stablecoin USDC to fix cross -border payment 00:06:02.959 --> 00:06:05.839 hassle. That's just a few of the highlights from 00:06:05.839 --> 00:06:07.540 the world of cryptocurrencies and blockchain 00:06:07.540 --> 00:06:09.939 technology today. Exciting things are always 00:06:09.939 --> 00:06:11.839 happening in this space, so stay tuned for more 00:06:11.839 --> 00:06:19.300 updates. Thanks for tuning into today's episode 00:06:19.300 --> 00:06:21.660 where we covered updates on topics such as Bitcoin 00:06:21.660 --> 00:06:24.720 custody registration in France, a liquid supply 00:06:24.720 --> 00:06:27.639 reaching a new ATA, and recent developments with 00:06:27.639 --> 00:06:30.579 popular crypto exchanges and platforms, including 00:06:30.579 --> 00:06:33.959 Atomic Wallet, Anichess, and CleanSpark. Don't 00:06:33.959 --> 00:06:35.759 forget to subscribe and stay tuned for our next 00:06:35.759 --> 00:06:36.160 episode.