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, we'll cover Binance suspending deposits
and withdrawals for 10 tokens, Tezos art platform
adding Ethereum, high trading volume for Bitcoin
and Ethereum, NFT traders blaming marketplace
blur, and AI understanding proteins, game studios
using AI, and Larry Fink CEO of BlackRock lotting
Bitcoin. Let's dive in. So there's been some
interesting developments in the world of cryptocurrencies
recently. Let's start with Binance, one of the
largest crypto exchanges out there. They temporarily
stopped accepting deposits and withdrawals for
10 tokens that are bridged between different
blockchains. This happened because some transactions
on the multi -chain protocol got frozen back
in May. It's all about ensuring a smooth and
secure experience for users. Speaking of multi
-chain, a Tezos generative art platform called
FXHash is expanding its horizons. They're now
including Ethereum, which means they're embracing
a multi -chain model. It's all part of their
evolution and exploration of new possibilities.
Moving on to trading volume, Bitcoin and Ethereum
CME contracts hit a whopping $46 .8 billion last
month. This surge in trading activity coincides
with a renewed interest from institutional investors
in the largest cryptocurrencies. Maybe they're
realizing the potential and opportunities that
lie within this space. And in the world of Ethereum,
the scaling solution called StarkNet is getting
a test net for its latest upgrade. If everything
goes well and the StarkNet community gives their
approval, this upgrade will be hitting the main
net next week. Exciting times for Ethereum enthusiasts.
We've got news from the banking sector, too.
DBS Bank, the largest bank in Southeast Asia,
is adding support for China's CBDC, central bank
digital currency. Clients will now be able to
make ECNY payments. It's another step towards
the mainstream adoption of digital currencies.
Hey, did you know that gaming and crypto go hand
-in -hand? According to Michael Lee, the SVP
of growth at Matterlabs and former vice president
of Activision, gaming is crypto's killer app.
He had a chat with Decrypt's Kate Irwin at the
3XP gaming conference to discuss crypto gaming
and share his predictions for the industry. Now,
let's talk about Bitcoin ETFs. Binance's CEO,
Zhao, seems to be open to more players entering
the space. In fact, he said, the larger, the
better, as it would offer more coverage and opportunities
for investors. On another note, Valkyrie updated
its Bitcoin ETF filing and listed Coinbase as
a surveillance sharing partner. It seems they're
taking a proactive approach to ensure the integrity
of Bitcoin spot markets and combat fraud. So
where are we in terms of Bitcoin's bull run?
Well, the analysts are split. There's no easy
answer, as investors have varying opinions and
forecasts. It's a topic that sparks a lot of
discussion and speculation. Coming back to BlackRock,
its CEO Larry Fink recently praised Bitcoin.
He now sees it as a digital representation of
gold, a far cry from his previous dismissal of
the cryptocurrency as a tool for money laundering.
It's interesting to witness the shift in perspective
among influential figures. Lastly, we've got
some figures about Bitcoin mining revenue in
Q2. Miners earned a whopping $184 million during
this period, highlighting the potential profitability
of this sector. And, just a quick mention, there's
been some talk about Blur crashing the NFT market
recently. It's a topic worth exploring further,
so that's it for the latest news in the crypto
world. Exciting times ahead? So let's dive into
some interesting news stories from the tech and
cryptocurrency world. First up... It seems that
NFT traders are pointing fingers at the marketplace
blur for the decline in prices. Apparently, Blur's
flipping incentives are being blamed for this.
On the other hand, Blur's founder is defending
the platform and dismissing these claims as bad
takes. In other tech news, AI is making waves
in the field of protein research. ANK, the protein
whisperer, is a program that understands proteins
just like chat GPT understands language. This
breakthrough could lead to significant advancements
in medicine, biology and energy. Speaking of
AI, game studios like Ubisoft, Roblox and Blizzard
are leveraging this technology to automate repetitive
tasks in game development. This allows them to
save time and conjure up characters instantly,
enhancing the gaming experience. Meta, the parent
company of Facebook, has launched its own Twitter
rival called Threads. Users are flooding the
platform with a multitude of Hello World posts,
exploring this new text -based social network.
And in the realm of luxury tech, La Maison Steel
has debuted a diamond -packed Apple Watch cuff
authenticated by an NFT. This accessory features
an embedded NFC chip tied to a polygon NFT, adding
a touch of exclusivity to the Apple Watch experience.
Moving on to financial news, Twitter has been
awarded three state money transmitter licenses,
bringing Elon Musk's vision of an everything
app closer to reality. Meanwhile, in the music
industry, musician Emily Lazar emphasizes the
importance of ensuring artists get paid, even
as AI takes on a bigger role in creating and
distributing music. She believes this is the
evolution of the industry, whether we like it
or not. Lastly, Let's briefly touch on the world
of cryptocurrency. The year 2022 saw a record
-breaking $3 .8 billion in cryptocurrency stolen
due to targeted attacks and hacks. Also, the
Commodity Futures Trading Commission, CFTC, is
reportedly considering filing a new case against
Celsius Network and its former CEO, Alex Maszynski,
due to alleged misleading of investors. That's
it for today's tech and crypto news roundup.
Stay tuned for more updates and insights in the
exciting world of technology and digital currencies.
Thanks for joining us today as we explored topics
ranging from Binance's suspension of certain
tokens to the rise of AI in various industries
including NFT trading, protein understanding
and game development and CEO of BlackRock Larry
Fink praising Bitcoin BTC as digital gold. Please
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