Welcome to the Bitcoin Street Journal, your go
-to podcast for daily live updates on the world
of Bitcoin markets. With current live Bitcoin
technical analysis, up -to -date information
on Bitcoin, BTC price, market capitalization
and market supply, you'll always be in the know
on the latest happenings in the ever -evolving
world of cryptocurrency. Be sure to hit the subscribe
button to stay informed and never miss an episode.
In today's episode, We'll cover MicroStrategy's
recent acquisition of 12 ,333 BTC, Binance's
EUR banking partner ending support, Bitcoin's
dominance in derivatives markets, the trial of
FTX founder, Israel's seizure of crypto accounts,
Diablo 4 fashion line summoning AR Demon, tasting
Metaverse ramen, Laguna's rejection of Goatee
for crypto unicorns, and TUSD's high volume.
Let's dive into some exciting news from the crypto
world. First up, we have Horizon Protocol confirming
that ZEN is losing its status as a privacy coin.
This development marks an important change in
the privacy coin landscape. Now, here's something
that caught everyone's attention. MicroStrategy,
led by Michael Saylor, recently purchased a staggering
$12 ,333 BTC for a whopping $350 million. That's
equivalent to about $28 ,000 per Bitcoin. Talk
about a big move in the crypto market. Not stopping
there, MicroStrategy has been on a relentless
buying spree. As of June 27th, 2023, they now
hold a whopping 152 ,333 BTC, acquired for approximately
$4 .52 billion. This means they have an average
price of $29 ,668 per Bitcoin. Impressive, right?
Speaking of MicroStrategy, they've made another
headline. with yet another Bitcoin purchase.
This time, they acquired an additional 12 ,333
BTC for a cool $347 million. It seems like MicroStrategy
is really betting big on Bitcoin. Moving on,
let's talk about the Federal Reserve. According
to Tom Luongo, the Fed is projected to raise
interest rates to 6%. This decision, combined
with potential bank implosions, is causing quite
a stir. Stay tuned for the fallout from these
actions. In other news, Prime Trust has been
placed in receivership by Nevada's regulator.
This development raises questions about the state
of the company and its future. On a more positive
note, Tether, one of the most popular stablecoins,
has collaborated with Georgia. Together, they
aim to position the country as a global hub for
blockchain innovation. This partnership could
have significant implications for the crypto
and blockchain industry. Shifting our attention
to Ripple, the price of XRP seems to be in a
bit of trouble. Will the bulls be able to reclaim
the 50 cents mark and stabilize the price? It's
certainly an interesting situation that Ripple
investors are closely watching. In the world
of tech, Sony is strengthening its foothold in
Web3 with a $3 .5 million seed funding investment
in Stardale Labs. This move highlights Sony's
commitment to exploring the potential of decentralized
technologies. Now let's discuss Bitcoin. A Matrixport
analysis suggests that Bitcoin could surge to
$35 ,000 in July. Will this prediction come true?
Only time will tell, but it's an exciting prospect
for Bitcoin enthusiasts. Kucoin, one of the leading
crypto exchanges, has big plans for July. They
are introducing mandatory Know Your Customer
KYC checks for all users. This move reflects
the exchange's commitment to enhanced security
and compliance. Turning to venture capital, Paradigm
remains interested in the crypto and artificial
intelligence space. This highlights the ongoing
excitement and potential for growth in these
fields. Unfortunately, not all news is positive.
The Arbitrum -based DeFi project, Chibi Finance,
experienced a rug pull, leading to over $1 million
being drained from the project. It serves as
a sobering reminder of the risks associated with
decentralized finance. In the world of ETFs,
Cathie Wood's ARK is amending its Bitcoin Spot
ETF application to emulate BlackRock. This move
suggests that Wood's firm is closely watching
the developments in the ETF space and responding
accordingly. Speaking of price movements, FTT,
the native token of FTX Exchange, has exploded
by a staggering 35%. This revival idea has certainly
caught the attention of traders and investors.
Now let's talk about MasterCard. They are building
an Ethereum -based blockchain app store specifically
for regulated financial apps. This demonstrates
Mastercard's dedication to exploring blockchain
technology and its potential applications. In
MarketWatch news, Ripple's XRP has plummeted
by 9 % in the past week. Following suit, Cardano's
ADA has also experienced a decline. These movements
highlight the volatility that can be seen in
the crypto market. Binance users take note. there's
an upcoming requirement for new banking details
for euro deposits. Make sure to stay updated
with their instructions to ensure smooth transactions.
For all you crypto enthusiasts, here's a quick
rundown of the price analysis for Ethereum, XRP,
ADA, BNB, and Doge. Keep an eye on these cryptocurrencies
as their prices continue to fluctuate. FTX Exchange
is in talks to reboot its flagship international
crypto exchange. This move could signal a new
phase for FTX, and it will be interesting to
see how they reshape their platform. Exciting
news for the country of Georgia. Tether has signed
an MOU with the Georgian government aiming to
foster innovation and develop blockchain, bitcoin,
and peer -to -peer infrastructure. This partnership
could have long -lasting effects on Georgia's
standing in the crypto world. Attention KuCoin
users. Starting in July, mandatory KYC checks
will be introduced for all users. This is a significant
step towards increased security and compliance
within the platform. Bitcoin has taken center
stage recently and its dominance in the market
has risen to 58%, the highest since April 2021.
This indicates the stronghold Bitcoin has in
the crypto market. Lastly, let's not forget MicroStrategy.
They've done it again, acquiring another $12
,333 BTC for approximately $347 million. With
an average price of $28 ,136 per Bitcoin, MicroStrategy
continues to make waves in the crypto world.
And that wraps up our roundup of the latest news
in the crypto sphere. Exciting developments,
market movements, and noteworthy collaborations
leave us eagerly anticipating what the future
holds for cryptocurrencies and blockchain technology.
Stay tuned for more updates on this exciting
journey. So let's dive into some interesting
news from the crypto world. First up, Binance's
EUR banking partner will cease support for the
popular crypto exchange in September. This move
could have significant implications for Binance
users in Europe. Now let's talk about Bitcoin's
growing dominance in derivatives markets. Since
the beginning of 2023, the volume ratio of Bitcoin
to Ethereum has skyrocketed from 47 % to an impressive
70%. This trend is definitely worth keeping an
eye on. In some regulatory news, it seems that
Binance's application for a crypto custody license
has been denied by the German regulator BaFin.
This could potentially create challenges for
Binance's operations in Germany. Moving on, the
phrase, not your keys, not your crypto, has been
making waves. But what does it actually mean?
Well, it's a reminder that if you don't have
control over your private keys, you don't truly
own your cryptocurrencies. It's an important
concept to understand, especially in the wake
of recent exchange meltdowns. In legal matters,
FTX founder Sam Bankman Fried is facing a trial
as a U .S. district judge rejected his bid to
dismiss most criminal charges. This could have
significant implications for FTX and its future.
In some international news, Israel has reportedly
seized around $1 .7 million from crypto accounts
linked to Iran's Quds Force and Hezbollah. This
operation was made possible thanks to new tools
developed by Israeli security agencies. It marks
a significant development in the fight against
illicit financing. Next, we have an interesting
story about Three Arrows Capital. The liquidators
of the bankrupt venture capital fund are demanding
a staggering $1 .3 billion from its co -founders,
Suju and Kyle Davies. Meanwhile, the co -founders
have formed a new VC fund called 3AC Ventures.
In the world of e -commerce, Mercado Libre, the
e -commerce giant, is giving Mexican customers
access to the PAX dollar stablecoin through its
Mercado Pago app. This move could have significant
implications for the adoption of digital dollars
in Mexico. Now let's talk about the exciting
collaboration between Warner Music and Polygon
Labs. They have launched a blockchain music accelerator
program that will provide funding, marketing
support, and other resources to projects at the
intersection of music and the blockchain. This
is a remarkable opportunity for innovative projects
in the music industry. Shifting gears, let's
talk about art and climate change. John Gerard's
World Flag Art Collection, presented by Art Blocks
and Pace, explores the global fight against climate
change. It's a thought -provoking project that
sheds light on the urgency of addressing climate
issues. Now let's move on to MicroStrategy. a
company that is not hesitating to invest in Bitcoin.
In the second quarter alone, MicroStrategy spent
$347 million to buy more BTC, increasing its
treasury holdings to over $4 .5 billion. This
demonstrates their unwavering confidence in Bitcoin's
potential. For all the gamers out there, here's
some exciting news. You can now earn Bitcoin
by playing a Candy Crush clone called Sweet Bitcoin.
It may not be the most original game out there,
but it certainly adds a fun twist by allowing
players to earn real crypto rewards. In some
legal drama, FTX is suing its former compliance
chief over alleged hush money payments. Daniel
Friedberg is accused of helping keep things together
behind the scenes at FTX. This lawsuit shines
a light on the internal workings of the cryptocurrency
exchange. Speaking of Bitcoin, Its market dominance
has reached an impressive 58%, the highest level
since April 2021. With a market capitalization
of $590 billion, Bitcoin is undoubtedly a force
to be reckoned with in the crypto space. Now,
let's discuss the reboot talks surrounding FTX.
If the bankrupt crypto exchange manages to restart,
it's likely that it will undergo a rebranding
process. This could signal a fresh start for
the troubled exchange. In regulatory news, an
ex -trader has been ordered by the CFTC to pay
a massive $54 million fine. Michael Ackerman,
an Ohio resident, was charged with defrauding
victims using a fake crypto trading algorithm.
This case underscores the importance of regulatory
oversight within the crypto industry. In exciting
developments, digital asset manager 3IQ has added
Ethereum staking to two of its funds. These Ethereum
ETFs will be the first investment vehicles to
offer a staking service, providing investors
with an opportunity to earn passive income through
staking. Lastly, we have some fallout from the
Prime Trust incident. Crypto firms Swan and CoinBits
have disclosed their ties with Prime Trust. While
Swan managed to withdraw their users funds in
time, CoinBits has been forced to suspend most
of its services. This incident highlights the
potential risks associated with third party custodians
in the crypto space. And that wraps up our dive
into the latest news from the crypto world. Stay
tuned for more updates and exciting developments
in this ever -evolving industry. In today's episode,
we've got a great lineup of intriguing stories
from the world of technology and cryptocurrency.
First up, we're diving into the fashion world
with a unique collaboration between Diablo 4
and a department store pop -up. This game -themed
denim collection is sure to summon an AR demon
of style. Next, we have an interesting culinary
adventure. Chef Esther Choi is bringing noodles
from the metaverse to our real world. Our very
own Decrypt team tried these imagined ramen noodles
and got a chance to speak with the creators of
this innovative concept. In the realm of gaming,
we have a surprising decision from Laguna Games.
They rejected the opportunity to work on Game
of Thrones in order to bring us crypto unicorns.
CEO Aaron Beierschmidt shares the vision behind
this intriguing move. Meanwhile, the true USD
team is celebrating a trading milestone, but
some holders are worried about the stability
of its custodian, Prime Trust. We'll delve into
the details of this stablecoin's journey. Moving
on to the world of cryptocurrencies, we explore
why Citadel -backed EDX has listed Bitcoin, Ethereum,
Litecoin, and Bitcoin Cash. It seems regulators
have provided enough reassurance to Wall Street
about these digital assets, and speaking of cryptocurrencies,
Ethereum is making waves once again. Consensus
founder Joe Lubin boldly declares that Ethereum's
status as a commodity is a foregone conclusion.
Stay tuned to hear his insights. Shifting gears
to the realm of artificial intelligence, a recent
study reveals that humans are more likely to
believe disinformation generated by AI. We'll
uncover the implications of this finding, especially
considering the upcoming launch of GPT -4. Innovations
in AI go beyond just disinformation. Algorithms
are now being used to help men become virtual
Casanovas in the world of online dating. We'll
explore the fascinating ways in which technology
is changing the game of love. Now, for all you
cryptocurrency enthusiasts, we have some exciting
news. The Bitcoin ETF race is heating up. with
ARK amending its SEC filing to match BlackRock.
We'll discuss the significance of this surveillance
sharing agreement. In other cryptocurrency news,
we have an important update from KuCoin. They
are working on strengthening their KYC system
by introducing new mandatory identity checks
to increase compliance with global anti -money
laundering regulations. Stay tuned to hear more
about this development. For those of you who
are new to the world of cryptocurrency, we'll
break down what a Bitcoin ETF is and why companies
like BlackRock and Fidelity are eager to get
in on the action. It's all about creating a simple,
legally compliant way to trade the price of Bitcoin.
And remember, if you want to protect yourself
from censorship by Big Gov or Big Tech, it's
time to get into Bitcoin. Don't forget to show
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mean the world to us. And always remember, not
your private keys, not your Bitcoin. So stay
tuned, and let's dive into today's stories. In
today's episode, we covered MicroStrategy's massive
Bitcoin purchase, Binance's banking partner ending
support, and some exciting updates from the world
of gaming and cryptocurrency. Thanks for listening,
I'll see you guys at the next one, and don't
forget to subscribe.