WEBVTT 00:00:05.939 --> 00:00:08.560 Welcome to the Bitcoin Street Journal, your go 00:00:08.560 --> 00:00:10.859 -to podcast for daily live updates on the world 00:00:10.859 --> 00:00:13.580 of Bitcoin markets. With current live Bitcoin 00:00:13.580 --> 00:00:16.019 technical analysis, up -to -date information 00:00:16.019 --> 00:00:19.460 on Bitcoin, BTC price, market capitalization 00:00:19.460 --> 00:00:22.000 and market supply, you'll always be in the know 00:00:22.000 --> 00:00:24.679 on the latest happenings in the ever -evolving 00:00:24.679 --> 00:00:28.079 world of cryptocurrency. Be sure to hit the subscribe 00:00:28.079 --> 00:00:30.859 button to stay informed and never miss an episode. 00:00:31.620 --> 00:00:34.039 In today's episode, we'll cover Bitcoin's dominance 00:00:34.039 --> 00:00:37.429 in the market. Kraken's increase in EUR market 00:00:37.429 --> 00:00:40.409 share, the successful launch of BitiEx futures, 00:00:40.969 --> 00:00:46.310 and Tether's agreement with Georgia. Bitcoin 00:00:46.310 --> 00:00:48.789 is stealing the spotlight once again, and it's 00:00:48.789 --> 00:00:51.670 leaving a mark on the market. BTC's dominance 00:00:51.670 --> 00:00:54.929 has climbed up to 58%, the highest it's been 00:00:54.929 --> 00:00:58.570 since April 2021. Kraken, one of the leading 00:00:58.570 --> 00:01:01.090 cryptocurrency exchanges, has more good news 00:01:01.090 --> 00:01:04.099 to share. In the EUR market, their share of trading 00:01:04.099 --> 00:01:07.819 volumes has skyrocketed from 33 % to an impressive 00:01:07.819 --> 00:01:11.260 54 % this year. The leveraged Bitcoin futures 00:01:11.260 --> 00:01:14.739 ETF known as dollar bid X had an incredible start 00:01:14.739 --> 00:01:17.700 trading a staggering $5 .5 million on its very 00:01:17.700 --> 00:01:20.299 first day. This makes it one of the most successful 00:01:20.299 --> 00:01:23.700 ETF launches in 2021. In the world of crypto 00:01:23.700 --> 00:01:26.799 exchanges, FTX is making waves as it initiates 00:01:26.799 --> 00:01:29.579 talks to revamp its flagship international exchange. 00:01:29.879 --> 00:01:33.299 Exciting times ahead for FTX and its users. Tether, 00:01:33.659 --> 00:01:36.299 the popular stablecoin, has signed a memorandum 00:01:36.299 --> 00:01:39.060 of understanding, MOU, with the government of 00:01:39.060 --> 00:01:41.859 Georgia. This partnership aims to develop blockchain 00:01:41.859 --> 00:01:44.299 technology, bitcoin adoption, and peer -to -peer 00:01:44.299 --> 00:01:47.140 infrastructure to foster innovation. KuCoin has 00:01:47.140 --> 00:01:50.060 a new update for its users. Starting in July, 00:01:50.500 --> 00:01:53.079 mandatory KYC Know Your Customer verification 00:01:53.079 --> 00:01:55.920 will be implemented for all users on the platform. 00:01:56.329 --> 00:01:59.010 This move emphasizes their commitment to security 00:01:59.010 --> 00:02:02.269 and regulatory compliance. Riot, a prominent 00:02:02.269 --> 00:02:04.290 Bitcoin mining firm, isn't holding back when 00:02:04.290 --> 00:02:06.849 it comes to expansion. They recently purchased 00:02:06.849 --> 00:02:11.050 33 ,000 new mining rigs for a whopping $162 million, 00:02:11.550 --> 00:02:14.449 and they have plans to acquire another 66 ,000 00:02:14.449 --> 00:02:17.169 rigs to prepare for the upcoming Bitcoin halving. 00:02:17.430 --> 00:02:20.520 Fidelity a renowned financial institution, is 00:02:20.520 --> 00:02:22.900 reportedly getting ready to file for a spot Bitcoin 00:02:22.900 --> 00:02:27.199 ETF with an eye -popping $4 .5 trillion. This 00:02:27.199 --> 00:02:29.319 move shows increasing interest from institutional 00:02:29.319 --> 00:02:31.939 investors. The White House claims that President 00:02:31.939 --> 00:02:34.280 Biden's policies have made Americans feel better 00:02:34.280 --> 00:02:37.060 about their personal finances. Well, not everyone 00:02:37.060 --> 00:02:39.580 seems to agree, as critics express their thoughts 00:02:39.580 --> 00:02:42.020 with a dose of humor. Bitcoin's price has been 00:02:42.020 --> 00:02:44.659 on a roller coaster ride, shooting up 15 % in 00:02:44.659 --> 00:02:47.650 just one week. However, some bearish signals 00:02:47.650 --> 00:02:49.909 are starting to flash, raising questions about 00:02:49.909 --> 00:02:52.750 a potential correction. Fireblocks, a leading 00:02:52.750 --> 00:02:55.210 digital asset custody platform, has expanded 00:02:55.210 --> 00:02:57.729 its support for major cloud service providers, 00:02:58.229 --> 00:03:01.289 including Amazon Web Services, Google Cloud Platform, 00:03:01.530 --> 00:03:04.270 and Alibaba Cloud. This development will enhance 00:03:04.270 --> 00:03:07.509 their services and scalability. What caused Bitcoin 00:03:07.509 --> 00:03:11.830 Cash, BCH, to surge over 100 % in just seven 00:03:11.830 --> 00:03:15.030 days? That's a question many are asking and we'll 00:03:15.030 --> 00:03:17.289 explore the reasons behind this remarkable price 00:03:17.289 --> 00:03:20.449 movement. Circle, the company behind the popular 00:03:20.449 --> 00:03:23.229 stablecoin USDC, is paying close attention to 00:03:23.229 --> 00:03:26.689 Hong Kong's crypto policies. The CEO, Jeremy 00:03:26.689 --> 00:03:29.789 Allaire, shares insights into their focus and 00:03:29.789 --> 00:03:32.719 strategies regarding this important market. The 00:03:32.719 --> 00:03:34.659 Swiss National Bank is preparing for a test run 00:03:34.659 --> 00:03:38.120 of central bank digital currencies, CBDCs. This 00:03:38.120 --> 00:03:40.520 progressive move showcases Switzerland's dedication 00:03:40.520 --> 00:03:42.979 to exploring the potential of digital currencies. 00:03:43.680 --> 00:03:46.860 In the ongoing SEC lawsuit saga, Grayscale, the 00:03:46.860 --> 00:03:49.900 digital asset management firm, has a 70 % chance 00:03:49.900 --> 00:03:52.199 of prevailing, according to a Bloomberg analyst. 00:03:52.780 --> 00:03:54.800 This legal battle is closely watched by many 00:03:54.800 --> 00:03:57.580 in the crypto community. Jack Dorsey, the CEO 00:03:57.580 --> 00:03:59.960 of Twitter, publicly questions why Apple Pay 00:03:59.960 --> 00:04:03.229 doesn't support Bitcoin. This remark sparks discussions 00:04:03.229 --> 00:04:05.310 about the mainstream adoption of cryptocurrencies 00:04:05.310 --> 00:04:08.669 and their integration into existing payment systems. 00:04:09.449 --> 00:04:12.009 Riot, the Bitcoin mining firm we mentioned earlier, 00:04:12.490 --> 00:04:16.470 has secured an impressive 33 ,280 mining rigs 00:04:16.470 --> 00:04:19.589 ahead of the Bitcoin halving event. This acquisition 00:04:19.589 --> 00:04:21.709 further solidifies their position in the mining 00:04:21.709 --> 00:04:26.310 industry. FTX, once again in the news. has decided 00:04:26.310 --> 00:04:29.629 to freeze the sale of a $500 million stake in 00:04:29.629 --> 00:04:32.810 the AI startup Anthropic. This highly sought 00:04:32.810 --> 00:04:34.949 -after asset is causing a lot of buzz in the 00:04:34.949 --> 00:04:37.970 crypto community. Bitcoin continues its battle 00:04:37.970 --> 00:04:41.889 to break the $30 ,000 mark, while Radix, XRD, 00:04:42.269 --> 00:04:46.230 experiences a 13 % daily drop. Stay tuned for 00:04:46.230 --> 00:04:48.810 the latest market updates. Wall Street has set 00:04:48.810 --> 00:04:51.370 its sights on the crypto industry, whether early 00:04:51.370 --> 00:04:54.319 adopters like it or not. The convergence of traditional 00:04:54.319 --> 00:04:56.620 finance and cryptocurrencies is becoming more 00:04:56.620 --> 00:05:00.000 apparent. Financial roads in the US seem to lead 00:05:00.000 --> 00:05:02.620 to Wall Street, but some voices in the podcast 00:05:02.620 --> 00:05:06.019 community argue that now all roads lead to the 00:05:06.019 --> 00:05:08.879 Bitcoin Street Journal. Bitcoin's influence is 00:05:08.879 --> 00:05:11.879 undeniable. FTX has taken another interesting 00:05:11.879 --> 00:05:14.819 step by halting the sale of their $500 million 00:05:14.819 --> 00:05:18.639 stake in the AI startup Anthropic. This move 00:05:18.639 --> 00:05:21.600 highlights FTX's strategic decision -making process. 00:05:22.060 --> 00:05:24.519 In the world of tax laws and cryptocurrencies, 00:05:25.120 --> 00:05:26.959 some countries stand out for their favorable 00:05:26.959 --> 00:05:29.839 regulations. Discover which countries are leading 00:05:29.839 --> 00:05:32.600 the way in creating crypto -friendly tax environments. 00:05:33.579 --> 00:05:36.480 In a surprising twist, it turns out that inflation 00:05:36.480 --> 00:05:39.699 is caused by none other than Taylor Swift. Well, 00:05:39.800 --> 00:05:41.939 not really, but it's always interesting to stumble 00:05:41.939 --> 00:05:45.620 upon unexpected claims. Coincub's CEO, Sergio 00:05:45.620 --> 00:05:48.579 Hamza, highlights Europe's favorable regulatory 00:05:48.579 --> 00:05:51.160 approach. which has contributed to the flourishing 00:05:51.160 --> 00:05:53.759 crypto industry in the region. Europe has become 00:05:53.759 --> 00:05:56.860 a significant hub for cryptocurrencies. The phrase, 00:05:57.019 --> 00:06:00.000 not your keys, not your coins is making waves 00:06:00.000 --> 00:06:02.959 following the latest exchange meltdown. In this 00:06:02.959 --> 00:06:05.160 episode, we delve into the meaning behind this 00:06:05.160 --> 00:06:07.600 popular adage and its significance for crypto 00:06:07.600 --> 00:06:10.480 holders. Unleash the power of Bitcoin and liberate 00:06:10.480 --> 00:06:12.220 yourself from the control of big governments 00:06:12.220 --> 00:06:14.839 and tech corporations. Discover the true potential 00:06:14.839 --> 00:06:17.500 of decentralized finance. Join us on various 00:06:17.500 --> 00:06:20.600 podcast platforms such as Fountain .fm, Apple, 00:06:20.839 --> 00:06:25.319 Spotify, Amazon Music, RSS .com, Pandora, Samsung 00:06:25.319 --> 00:06:28.600 Podcasts, Stitcher and iHeartRadio. Your support 00:06:28.600 --> 00:06:31.360 matters, so remember to like, share, and subscribe 00:06:31.360 --> 00:06:34.019 to the Bitcoin Street Journal. Remember, if you 00:06:34.019 --> 00:06:35.860 don't have control over your private keys, you 00:06:35.860 --> 00:06:38.779 don't truly own your Bitcoin. Protect your assets 00:06:38.779 --> 00:06:48.860 and stay informed. In today's episode, we discussed 00:06:48.860 --> 00:06:51.560 Bitcoin's dominance in the market, Kraken's growth 00:06:51.560 --> 00:06:54.019 in the European market, the successful launch 00:06:54.019 --> 00:06:56.639 of BitiEx futures, and Tether's agreement with 00:06:56.639 --> 00:06:59.920 Georgia. Thanks for listening. I'll see you guys 00:06:59.920 --> 00:07:02.399 at the next one. And don't forget to subscribe.