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 decentralized Twitter rival
BlueSki's funding raise, OpenAI's leaked stable
diffusion XLV0, Nine and ChatGPT's traffic dip,
multi -chain funds movement, Web3 conference
in India hosted by Hashed Emergent and Marketacross,
various updates on cryptocurrencies including
Bitcoin, Litecoin, ETH, XRP, and Shiba Inu, controversies
surrounding BlockFi and FTX, OpenAI's feature
withdrawal, Bitfinex's asset return, finance
executives resigning, crypto -quants funding
raise, FBI raid on Kraken founders home, the
Nostrovia podcast, Bitcoin as a store of value
and the strategic moves of shrimp investors and
bricks towards a new gold backed currency. Hey
there, let's dive into some interesting news
from the tech world. Decentralized Twitter competitor
Blue Sky just announced that they raised an impressive
eight million dollars in seed funding and also
unveiled their first paid service. This is an
exciting development in the world of social media.
Moving on, Abracadabra Money, known for its innovative
approach to decentralized finance, DeFi, is considering
registering their DO as a centralized legal body.
This move would potentially bring a certain level
of centralized structure to their operations.
Meta, the company behind the popular Twitter
killer app called Threads, has already onboarded
millions of users within hours of its release.
However, there's a catch. Some users have raised
concerns about the fine print. as certain policies
could lead to the unintended deletion of millions
of Instagram accounts. In the gaming realm, a
new game called Eyeball Pool is putting a unique
NFT twist on the classic 8 Ball game. Developed
by the creators of the highly successful game
8 Ball Pool, this iOS and Android game will be
built on immutable ZKVM. In the world of cryptocurrencies,
DeFi traders have encountered losses of a staggering
$228 million due to hackers in just three months.
This represents a significant increase in hacks
and fraud related losses. Stay vigilant out there.
Circle, a prominent fintech firm, is inching
closer to launching its competitor to Coinbase's
wallet building services. They're providing developers
with the tools necessary to integrate crypto
wallets into their applications. The International
Monetary Fund, IMF, published a report emphasizing
that preventing tax evasion in Bitcoin transactions
requires more than just anti -money laundering
measures. They highlight the need for the tax
system to adapt to the world of cryptocurrencies.
Moving on to the music industry, recent reports
debunked claims that FTX canceled a deal with
Taylor Swift. In reality, FTX's founder backed
out of the proposed $100 million deal. It's always
interesting to see how business negotiations
unfold. ARK Invest, a renowned investment firm,
revealed that institutions now hold more Bitcoin
than ever before. This is a significant development
and could have implications for the future of
cryptocurrency adoption. In the crypto space,
there's good news. Bitfinex, a crypto exchange,
announced that it has recovered $314 ,000 of
the $3 .6 billion that was stolen in a 2016 Bitcoin
hack. While there's still a long way to go, every
step in recovering stolen funds counts. Shifting
gears, it seems that the U .S. military is training
artificial intelligence, AI, to handle state
secrets and issue orders. Although there may
be some concerns, tests conducted so far have
reportedly been highly successful. Let's talk
about the future of gaming. Lavish titles like
Illuvium, Shrapnel, and OtherSide are expected
to redefine blockchain gaming in 2023 and beyond.
It'll be exciting to see how these games utilize
the potential of blockchain technology. Lastly,
New York City has implemented a law aimed at
curbing AI bias in employment decisions. With
rapid adoption of AI tools by businesses, it's
crucial to ensure unbiased practices when it
comes to hiring and employment. In a recent fraud
case, the Commodity Futures Trading Commission,
CFTC, ordered two individuals from Florida to
pay a hefty sum of $5 .4 million in Bitcoin.
This serves as a reminder that authorities are
cracking down on fraudulent activities in the
crypto space. That wraps up our quick rundown
of the latest tech news. Stay tuned for more
updates. Nine making waves in the tech world.
This open source AI image generator is generating
a lot of excitement, and users can't seem to
get enough of it. Who wants to wait when you
can test the latest and greatest on your own
PC, right? Next, OpenAI's chat GPT is facing
a traffic dip. It's the first time they've seen
a decline in traffic since its launch. It's always
tough when you hit a rough patch, but we're sure
they'll find a way to bounce back. In other news,
there's been a mysterious movement of over $126
million in multi -chain funds to an unknown address.
The co -founder of multi -chain is calling it
an abnormal transfer, and it's yet another setback
for the troubled bridging project. We've also
got some exciting plans for a Web3 conference
in India at the end of 2023, courtesy of Hashed
Emergent and Marketacross. It's great to see
the crypto community expanding its reach to new
horizons. And speaking of crypto, Bitcoin recently
took a dip, causing over $140 million in liquidations.
It's a reminder that the market can be unpredictable,
but it also presents new opportunities for those
looking to get in on the action. Those are just
a few highlights from the Cryptoverse. Be sure
to stay tuned for more updates and analysis on
the latest developments in the world of cryptocurrencies.
The total Bitcoin balances on exchanges are at
their lowest point since March of 2018. You know
what that means? It's time to act accordingly.
With less than 20k Bitcoin on Huobi, it's a good
idea to take your coins off of exchanges. But
wait, there's more to the story. It seems like
those with less than one Bitcoin, also known
as shrimps, have been accumulating a whopping
33. 8k BTC per month. That's 8. 8k more than
what's being issued. Talk about stacking hard.
This kind of enthusiasm among the shrimp cohort
hasn't been seen since 2017. In other news, the
CEO of ARK Invest, Cathy Wood, is not too thrilled
about BlackRock's spot Bitcoin ETF filing getting
approved before theirs. She simply says, we don't
think so. Maybe it's time to buy more Bitcoin,
huh? And let's not forget Michael Saylor's bold
statement, if it's not going to zero, it's going
to a million. Talk about confidence. Unfortunately,
there have been reports that top executives at
Binance are leaving the company due to its response
to the DOJ. Drama alert. On a more positive note,
payment processors Zebedee and gaming platform
Beamable are teaming up to streamline Bitcoin
transaction integration. Great news for Bitcoin
enthusiasts. And hold your horses because Lightning
Labs developers are releasing LLM agent Bitcoin
tools. These tools create AI agents that can
hold a Bitcoin balance, send receive Bitcoin
on Lightning, and even drive with an LND node.
Mind blowing. Bricks is also making headlines
with plans to announce a new gold -backed currency
at their next month's summit. Interesting, right?
In the midst of all this, don't forget to ignore
the noise and use Bitcoin. It's here to stay.
Lastly, Jack Dorsey, the man behind Twitter,
calls Zaps the only fundamentally new innovation
in social media. Quite the statement. Thanks
for tuning into the Bitcoin Street Journal. Apple
iTunes, iHeart Radio, and many more platforms
by giving us a like, share, or subscribe. We
appreciate your support. market demand for XRP
and Shiba Inu, and notable executive resignations.
Thanks for listening to today's episode. I'll
see you guys at the next one and don't forget
to subscribe.