WEBVTT 00:00:05.919 --> 00:00:08.919 Welcome to the Bitcoin Street Journal Bitcoin 00:00:08.919 --> 00:00:12.140 market update podcast your daily source for live 00:00:12.140 --> 00:00:15.160 updates on the Bitcoin market Join us as we delve 00:00:15.160 --> 00:00:18.059 into current Bitcoin technical analysis track 00:00:18.059 --> 00:00:21.940 Bitcoin BTC prices explore market capitalization 00:00:21.940 --> 00:00:25.179 trends and analyze market supply Stay ahead of 00:00:25.179 --> 00:00:26.960 the curve with our comprehensive coverage of 00:00:26.960 --> 00:00:29.920 the ever -evolving world of Bitcoin In today's 00:00:29.920 --> 00:00:32.280 episode, we'll cover Binance suspending deposits 00:00:32.280 --> 00:00:35.200 and withdrawals for 10 tokens, Tezos art platform 00:00:35.200 --> 00:00:37.960 adding Ethereum, high trading volume for Bitcoin 00:00:37.960 --> 00:00:40.840 and Ethereum, NFT traders blaming marketplace 00:00:40.840 --> 00:00:44.320 blur, and AI understanding proteins, game studios 00:00:44.320 --> 00:00:47.579 using AI, and Larry Fink CEO of BlackRock lotting 00:00:47.579 --> 00:00:53.460 Bitcoin. Let's dive in. So there's been some 00:00:53.460 --> 00:00:55.799 interesting developments in the world of cryptocurrencies 00:00:55.799 --> 00:00:58.729 recently. Let's start with Binance, one of the 00:00:58.729 --> 00:01:01.850 largest crypto exchanges out there. They temporarily 00:01:01.850 --> 00:01:05.030 stopped accepting deposits and withdrawals for 00:01:05.030 --> 00:01:07.430 10 tokens that are bridged between different 00:01:07.430 --> 00:01:10.189 blockchains. This happened because some transactions 00:01:10.189 --> 00:01:12.810 on the multi -chain protocol got frozen back 00:01:12.810 --> 00:01:16.109 in May. It's all about ensuring a smooth and 00:01:16.109 --> 00:01:19.840 secure experience for users. Speaking of multi 00:01:19.840 --> 00:01:22.239 -chain, a Tezos generative art platform called 00:01:22.239 --> 00:01:25.359 FXHash is expanding its horizons. They're now 00:01:25.359 --> 00:01:27.379 including Ethereum, which means they're embracing 00:01:27.379 --> 00:01:29.819 a multi -chain model. It's all part of their 00:01:29.819 --> 00:01:32.060 evolution and exploration of new possibilities. 00:01:32.980 --> 00:01:35.659 Moving on to trading volume, Bitcoin and Ethereum 00:01:35.659 --> 00:01:39.980 CME contracts hit a whopping $46 .8 billion last 00:01:39.980 --> 00:01:43.439 month. This surge in trading activity coincides 00:01:43.439 --> 00:01:45.760 with a renewed interest from institutional investors 00:01:45.760 --> 00:01:48.549 in the largest cryptocurrencies. Maybe they're 00:01:48.549 --> 00:01:50.890 realizing the potential and opportunities that 00:01:50.890 --> 00:01:53.730 lie within this space. And in the world of Ethereum, 00:01:54.329 --> 00:01:56.730 the scaling solution called StarkNet is getting 00:01:56.730 --> 00:01:59.390 a test net for its latest upgrade. If everything 00:01:59.390 --> 00:02:01.810 goes well and the StarkNet community gives their 00:02:01.810 --> 00:02:04.290 approval, this upgrade will be hitting the main 00:02:04.290 --> 00:02:07.709 net next week. Exciting times for Ethereum enthusiasts. 00:02:08.129 --> 00:02:10.330 We've got news from the banking sector, too. 00:02:10.610 --> 00:02:12.990 DBS Bank, the largest bank in Southeast Asia, 00:02:13.349 --> 00:02:16.610 is adding support for China's CBDC, central bank 00:02:16.610 --> 00:02:19.159 digital currency. Clients will now be able to 00:02:19.159 --> 00:02:21.979 make ECNY payments. It's another step towards 00:02:21.979 --> 00:02:24.120 the mainstream adoption of digital currencies. 00:02:24.740 --> 00:02:27.000 Hey, did you know that gaming and crypto go hand 00:02:27.000 --> 00:02:29.860 -in -hand? According to Michael Lee, the SVP 00:02:29.860 --> 00:02:31.960 of growth at Matterlabs and former vice president 00:02:31.960 --> 00:02:35.360 of Activision, gaming is crypto's killer app. 00:02:35.900 --> 00:02:38.159 He had a chat with Decrypt's Kate Irwin at the 00:02:38.159 --> 00:02:41.159 3XP gaming conference to discuss crypto gaming 00:02:41.159 --> 00:02:44.099 and share his predictions for the industry. Now, 00:02:44.219 --> 00:02:47.800 let's talk about Bitcoin ETFs. Binance's CEO, 00:02:48.180 --> 00:02:50.680 Zhao, seems to be open to more players entering 00:02:50.680 --> 00:02:54.020 the space. In fact, he said, the larger, the 00:02:54.020 --> 00:02:56.580 better, as it would offer more coverage and opportunities 00:02:56.580 --> 00:02:59.879 for investors. On another note, Valkyrie updated 00:02:59.879 --> 00:03:02.780 its Bitcoin ETF filing and listed Coinbase as 00:03:02.780 --> 00:03:05.259 a surveillance sharing partner. It seems they're 00:03:05.259 --> 00:03:07.719 taking a proactive approach to ensure the integrity 00:03:07.719 --> 00:03:10.719 of Bitcoin spot markets and combat fraud. So 00:03:10.719 --> 00:03:12.780 where are we in terms of Bitcoin's bull run? 00:03:13.099 --> 00:03:15.250 Well, the analysts are split. There's no easy 00:03:15.250 --> 00:03:17.830 answer, as investors have varying opinions and 00:03:17.830 --> 00:03:20.210 forecasts. It's a topic that sparks a lot of 00:03:20.210 --> 00:03:22.969 discussion and speculation. Coming back to BlackRock, 00:03:23.150 --> 00:03:26.009 its CEO Larry Fink recently praised Bitcoin. 00:03:26.530 --> 00:03:28.889 He now sees it as a digital representation of 00:03:28.889 --> 00:03:31.810 gold, a far cry from his previous dismissal of 00:03:31.810 --> 00:03:34.030 the cryptocurrency as a tool for money laundering. 00:03:34.610 --> 00:03:36.590 It's interesting to witness the shift in perspective 00:03:36.590 --> 00:03:39.550 among influential figures. Lastly, we've got 00:03:39.550 --> 00:03:41.650 some figures about Bitcoin mining revenue in 00:03:41.650 --> 00:03:45.889 Q2. Miners earned a whopping $184 million during 00:03:45.889 --> 00:03:48.830 this period, highlighting the potential profitability 00:03:48.830 --> 00:03:52.770 of this sector. And, just a quick mention, there's 00:03:52.770 --> 00:03:55.430 been some talk about Blur crashing the NFT market 00:03:55.430 --> 00:03:58.129 recently. It's a topic worth exploring further, 00:03:58.349 --> 00:04:00.169 so that's it for the latest news in the crypto 00:04:00.169 --> 00:04:04.110 world. Exciting times ahead? So let's dive into 00:04:04.110 --> 00:04:06.330 some interesting news stories from the tech and 00:04:06.330 --> 00:04:09.639 cryptocurrency world. First up... It seems that 00:04:09.639 --> 00:04:12.219 NFT traders are pointing fingers at the marketplace 00:04:12.219 --> 00:04:16.120 blur for the decline in prices. Apparently, Blur's 00:04:16.120 --> 00:04:18.319 flipping incentives are being blamed for this. 00:04:18.920 --> 00:04:21.759 On the other hand, Blur's founder is defending 00:04:21.759 --> 00:04:24.779 the platform and dismissing these claims as bad 00:04:24.779 --> 00:04:28.500 takes. In other tech news, AI is making waves 00:04:28.500 --> 00:04:32.100 in the field of protein research. ANK, the protein 00:04:32.100 --> 00:04:34.860 whisperer, is a program that understands proteins 00:04:34.860 --> 00:04:38.360 just like chat GPT understands language. This 00:04:38.360 --> 00:04:40.540 breakthrough could lead to significant advancements 00:04:40.540 --> 00:04:44.000 in medicine, biology and energy. Speaking of 00:04:44.000 --> 00:04:47.019 AI, game studios like Ubisoft, Roblox and Blizzard 00:04:47.019 --> 00:04:49.759 are leveraging this technology to automate repetitive 00:04:49.759 --> 00:04:52.660 tasks in game development. This allows them to 00:04:52.660 --> 00:04:54.879 save time and conjure up characters instantly, 00:04:55.319 --> 00:04:58.360 enhancing the gaming experience. Meta, the parent 00:04:58.360 --> 00:05:00.759 company of Facebook, has launched its own Twitter 00:05:00.759 --> 00:05:03.560 rival called Threads. Users are flooding the 00:05:03.560 --> 00:05:06.180 platform with a multitude of Hello World posts, 00:05:06.660 --> 00:05:08.899 exploring this new text -based social network. 00:05:09.379 --> 00:05:12.199 And in the realm of luxury tech, La Maison Steel 00:05:12.199 --> 00:05:14.879 has debuted a diamond -packed Apple Watch cuff 00:05:14.879 --> 00:05:18.120 authenticated by an NFT. This accessory features 00:05:18.120 --> 00:05:21.980 an embedded NFC chip tied to a polygon NFT, adding 00:05:21.980 --> 00:05:24.459 a touch of exclusivity to the Apple Watch experience. 00:05:24.949 --> 00:05:27.550 Moving on to financial news, Twitter has been 00:05:27.550 --> 00:05:29.910 awarded three state money transmitter licenses, 00:05:30.430 --> 00:05:32.850 bringing Elon Musk's vision of an everything 00:05:32.850 --> 00:05:36.170 app closer to reality. Meanwhile, in the music 00:05:36.170 --> 00:05:39.110 industry, musician Emily Lazar emphasizes the 00:05:39.110 --> 00:05:42.029 importance of ensuring artists get paid, even 00:05:42.029 --> 00:05:44.750 as AI takes on a bigger role in creating and 00:05:44.750 --> 00:05:47.709 distributing music. She believes this is the 00:05:47.709 --> 00:05:50.410 evolution of the industry, whether we like it 00:05:50.410 --> 00:05:54.579 or not. Lastly, Let's briefly touch on the world 00:05:54.579 --> 00:05:58.399 of cryptocurrency. The year 2022 saw a record 00:05:58.399 --> 00:06:02.160 -breaking $3 .8 billion in cryptocurrency stolen 00:06:02.160 --> 00:06:06.079 due to targeted attacks and hacks. Also, the 00:06:06.079 --> 00:06:09.199 Commodity Futures Trading Commission, CFTC, is 00:06:09.199 --> 00:06:11.660 reportedly considering filing a new case against 00:06:11.660 --> 00:06:15.139 Celsius Network and its former CEO, Alex Maszynski, 00:06:15.680 --> 00:06:18.879 due to alleged misleading of investors. That's 00:06:18.879 --> 00:06:21.180 it for today's tech and crypto news roundup. 00:06:21.339 --> 00:06:24.220 Stay tuned for more updates and insights in the 00:06:24.220 --> 00:06:27.620 exciting world of technology and digital currencies. 00:06:34.519 --> 00:06:37.040 Thanks for joining us today as we explored topics 00:06:37.040 --> 00:06:39.079 ranging from Binance's suspension of certain 00:06:39.079 --> 00:06:42.060 tokens to the rise of AI in various industries 00:06:42.060 --> 00:06:44.759 including NFT trading, protein understanding 00:06:44.759 --> 00:06:47.579 and game development and CEO of BlackRock Larry 00:06:47.579 --> 00:06:50.899 Fink praising Bitcoin BTC as digital gold. 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