Welcome to the Bitcoin Street Journal, Bitcoin
market update podcast, your daily source for
live updates on the Bitcoin market. Join us as
we delve into current Bitcoin technical analysis,
track Bitcoin BTC prices, explore market capitalization
trends and analyze market supply. Stay ahead
of the curve with our comprehensive coverage
of the ever evolving world of Bitcoin. In today's
episode, will cover topics such as Bitcoin hitting
$1 .31K and its impact on the crypto market,
UK authorities setting rules for crypto promotion,
open AI disabling browsing feature, Bitcoin buyers
profiting with dollar cost averaging, Nostra's
apps revolutionizing podcast sponsorships, and
the accurate short -term predictions made by
Bitcoin Street Journal. Hey there, let's dive
into some interesting news in the crypto world.
Bitcoin has reached an impressive milestone,
hitting $1 .31K after BlackRock refiled its ETF,
Exchange Traded Fund. This news has surely caught
the attention of investors. Aptos, on the other
hand, experienced a 10 % jump, adding to the
overall excitement in the market. Institutional
investors have been keeping a close eye on Ripple,
XRP, recently. Reports show that a substantial
amount of institutional money flowed into XRP
during June. This indicates a growing interest
in the digital asset and could have significant
implications for its future. Bitcoin continues
to make waves as it achieves two consecutive
green quarters for the first time since 2021.
This is a positive sign for BTC, highlighting
its resilience and potential for continued growth.
Some heated drama has been unfolding in the crypto
sphere. Cameron Winklevoss has issued a three
-day ultimatum to Barry Silbert from DCG, threatening
a lawsuit. We'll have to stay tuned to see how
this showdown unfolds. According to a recent
report by Bitfinex, on -chain metrics and investor
behavior point towards signs of a potential bull
run. This is certainly something to keep an eye
on, as it could have a significant impact on
the market. Unfortunately, Justin Bieber's investment
in Bay Sea Board Ape Yacht Club hasn't been going
too well. He has experienced paper losses amounting
to $1 .24 million over the past 18 months. Investing
in NFTs can be a risky and volatile venture.
There are ongoing discussions around reducing
inscription costs for Bitcoin through the implementation
of the Bitcoin Ordinals proposal. This could
result in a 90 % reduction in costs and make
the network more efficient. A recent report sheds
light on the liquidity crisis in the crypto market
triggered by the SEC's enforcement actions. Understanding
these dynamics is crucial for investors and participants
in the crypto space. Data reveals that a significant
portion of Bitcoin circulating supply is owned
by long -term holders. This indicates a strong
belief in the long -term potential of Bitcoin
and its value as a store of wealth. The big question
on everyone's mind is whether the SEC will approve
a Bitcoin spot ETF in 2023. A lawyer breaks down
the odds in an insightful analysis. We'll have
to wait and see what the future holds for this
potential regulatory development. The Ton Foundation
has unveiled an encrypted messenger aimed at
enhancing user security. In an increasingly interconnected
digital world, maintaining privacy and security
is of utmost importance. Voyager's creditors
have been hit with a $5 .2 million bill from
a law firm. This adds to the mounting legal fees,
which now total $16 .5 million. The financial
struggles of Voyager continue to unfold. In a
proposed report, a Hong Kong dollar stablecoin
is set to compete with popular stablecoins like
USDT and USDC. This potential competition in
the stablecoin market could stir things up and
offer users more options. While Bitcoin experienced
a dip, comp, MKR and AAV skyrocketed with triple
digit gains over the week. The crypto market
always keeps us on our toes with its ups and
downs. In the UK, a bill empowering authorities
to confiscate crypto has been approved by the
House of Lords. This highlights the increasing
regulatory scrutiny and oversight in the crypto
space. Voyager's Creditor Committee is now facing
the burden of paying $5 .2 million in legal fees
from March to May. The overall cost for creditors'
legal fees since last July's bankruptcy filing
adds up to a staggering $16 .5 million. A tough
situation indeed. Moving away from the world
of crypto, A political satirist has come under
fire for creating deepfake videos of Trump and
Biden cheating on their wives. The intention
behind these deepfakes is to spark a conversation
about disinformation at a higher level. Lastly,
let's talk about the new Bitcoin standard, Bar
C -69. This innovative approach reduces the data
limit for ordinals, paving the way for more efficient
and effective use of the Bitcoin network. In
conclusion, with regulatory developments, market
fluctuations and technological innovations, the
crypto space continues to be a fascinating and
ever -evolving landscape. Stay tuned for more
updates on these exciting developments. So authorities
in the UK have set some guidelines for companies
that promote cryptocurrencies to customers in
the country. It's basically a way to ensure that
these firms follow the rules. It's always important
to fall in line, right? In other news, OpenAI
recently turned off a web browsing feature in
ChatGPT because some users were misusing it.
It's a classic case of a few bad apples ruining
the experience for everyone. We can't have nice
things if people abuse them, can we? Moving on,
two new Twitter alternatives called Spill and
Threads are gaining popularity this week. And
guess what? Elon Musk's decision to add tweet
limits might have actually come at the right
time for these rivals. It's like a perfect storm
of events. Also, BitGet has launched a dual coin
crypto loan program to boost investor liquidity.
Borrowers can stake their own coins and access
loans using more liquid tokens. It's an interesting
approach to lending in the crypto world. And
speaking of cryptocurrencies, diligent Bitcoin
buyers who practice dollar cost averaging seem
to be in a good spot right now. Data shows that
this strategy has been profitable for committed
Bitcoin savers. Keep doing what you're doing,
folks. On another note, Glassnode recently analyzed
Ethereum's staking network and found that Leto
Finance still holds a tight grip on the network's
staking pools. It seems like their influence
has only grown since the Shanghai upgrade. Meanwhile,
Binance Australia claims to be cooperating with
authorities amid increased regulatory scrutiny.
The country's financial regulator reportedly
conducted office searches, so things seem to
be heating up for Binance. In a different case,
some Canadian teens have been charged with impersonating
Coinbase support and nabbing a whopping $4 .2
million in Bitcoin and Ethereum. The FBI and
the US Secret Service got involved and started
investigating these scammers back in June. It's
a reminder to always stay vigilant and be cautious
when it comes to online interactions. Now, let's
talk about some tech updates. Google has integrated
its AI into its Google Docs products. That sounds
like a pretty useful addition, doesn't it? And
for all you NosterBand users out there, you'll
be happy to hear that you can now zap directly
from their site. They've also released an update
in TestFlight with some cool new features. Gotta
love those updates. Okay, let's shift gears and
talk about the impact of social media. Some people
believe that it has ruined our ability to have
meaningful discussions about various topics,
ideas, and opinions. And here's an interesting
question. Can Bitcoin fix this? What do you think?
Lastly, Twitter has made an announcement that
in 30 days, only verified users will have access
to TweetDeck. So make sure to get that blue check
mark if you want to keep using TweetDeck after
the deadline. Oh, and by the way, there are only
43 ,000 blocks until the next Bitcoin halving.
Exciting times for all the Bitcoin enthusiasts
out there. Remember, keep your private keys safe
because if you don't own the keys, you don't
really own the Bitcoin. Practice good opsec,
folks. And hey, Bitcoin believers, grab those
cheap sats while you can. It's going to be bigger
than anything we can imagine. At least that's
what some people are saying. The Bitcoin Street
Journal market update has been known for their
short -term predictions on Bitcoin's future price.
And let me tell you, they've hit the mark not
once, but twice. When Bitcoin dropped to 20 ,000
US dollars, they confidently declared, now is
a great buying opportunity. But guess what? Bitcoin
didn't stop there. It went even lower, hitting
the 16 ,000 US dollars mark. And what did BSJ
do? They didn't panic. Instead, they posted,
20 ,000 US dollars was a great buying opportunity,
and 16 ,000 US dollars is an even greater one.
Talk about calling the bottom of the dip. So
how did BSJ manage to make such accurate predictions?
Well, they observed that the crash in Bitcoin
was happening alongside a crash in everything
else. People were scared, seeking refuge in something
stable. And where did they turn? Yep. You guessed
it, the US dollar. But here's the thing. Markets
can stay irrational longer than anyone can stay
solvent. And that's where the true value of Bitcoin
shines through. It's not just a fad or a speculative
bubble. It's a digital currency that offers a
better medium for international transactions
compared to the US dollar. So while the markets
may go crazy, BSJ is here to guide us through
the chaos and help us see the potential in Bitcoin.
Keep an eye on their updates. They might just
surprise you with their accuracy. In the world
of podcasting, there's a fascinating trend that's
shaking things up and transforming the audio
landscape. It's called Noster Zaps, and it's
creating a new approach to podcast sponsorship
that has both podcasters and listeners intrigued.
Unlike traditional sponsorships where advertisers
pay podcasters to promote their products, Noster
Zaps take a different route. Listeners themselves
contribute directly to the podcasters, recognizing
the value they receive and supporting their favorite
shows. This innovative sponsorship model empowers
podcasters to maintain their creative independence
while building a stronger connection with their
audience. Without relying on advertisers, podcasters
can deliver authentic content and pursue their
passions freely. At the same time, listeners
feel a sense of ownership over the shows they
support, knowing that their contributions directly
contribute to the longevity and growth of the
podcast. But Noster's apps are just one part
of the equation. Another paradigm shift in podcasting
is value for value v4v podcasts. This approach
emphasizes the value exchange between podcasters
and listeners. Instead of dictating a fixed price,
listeners determine the value they get from a
podcast and contribute accordingly. It's a more
balanced and fair distribution of resources that
rewards content creators for their hard work
and talent. v4 Vee podcasts go beyond financial
contributions. They encourage listeners to engage,
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listeners become a crucial part of the podcast's
success. This mutual relationship fosters a loyal
and dedicated fan base that propels the growth
and sustainability of the show. So, if you're
interested in supporting this innovative podcasting
movement, make sure to check out the Bitcoin
Street Journal on Fountain .com, Comma Spotify,
Amazon Music, RSS .com, Comma Pandora, Samsung
Podcasts, Stitcher, Apple iTunes, and iHeart
Radio. Show your support by liking, sharing,
or subscribing. Thanks for listening. Well, they're
more than just a new way of sponsoring podcasts.
Noster's apps are all about unlocking the true
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They've turned the traditional sponsorship model
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So as the podcasting landscape continues to evolve,
let's embrace Noster's apps and V4V podcasts
as the way of the future. They're paving the
way for a more collaborative and empowering podcasting
experience. On today's episode, we covered a
variety of topics, including Bitcoin hitting
$1 .31K, UK authorities setting rules for crypto
promotion, and the revolutionary Noster Zaps
sponsorship model. Thanks for listening to today's
episode. I'll see you guys at the next one and
don't forget to subscribe. Please support us
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