WEBVTT 00:00:05.939 --> 00:00:08.640 Welcome to the Bitcoin Street Journal, Bitcoin 00:00:08.640 --> 00:00:11.179 Market Update Podcast, your daily source for 00:00:11.179 --> 00:00:13.759 live updates on the Bitcoin market. Join us as 00:00:13.759 --> 00:00:16.000 we delve into current Bitcoin technical analysis, 00:00:16.420 --> 00:00:20.300 track Bitcoin, BTC prices, explore market capitalization 00:00:20.300 --> 00:00:23.640 trends, and analyze market supply. Stay ahead 00:00:23.640 --> 00:00:25.359 of the curve with our comprehensive coverage 00:00:25.359 --> 00:00:28.719 of the ever -evolving world of Bitcoin. In today's 00:00:28.719 --> 00:00:31.260 episode, we'll cover decentralized Twitter rival 00:00:31.260 --> 00:00:34.399 BlueSki's funding raise, OpenAI's leaked stable 00:00:34.399 --> 00:00:39.020 diffusion XLV0, Nine and ChatGPT's traffic dip, 00:00:39.539 --> 00:00:42.000 multi -chain funds movement, Web3 conference 00:00:42.000 --> 00:00:44.600 in India hosted by Hashed Emergent and Marketacross, 00:00:45.200 --> 00:00:47.159 various updates on cryptocurrencies including 00:00:47.159 --> 00:00:52.640 Bitcoin, Litecoin, ETH, XRP, and Shiba Inu, controversies 00:00:52.640 --> 00:00:55.560 surrounding BlockFi and FTX, OpenAI's feature 00:00:55.560 --> 00:00:58.759 withdrawal, Bitfinex's asset return, finance 00:00:58.759 --> 00:01:01.159 executives resigning, crypto -quants funding 00:01:01.159 --> 00:01:04.200 raise, FBI raid on Kraken founders home, the 00:01:04.200 --> 00:01:07.000 Nostrovia podcast, Bitcoin as a store of value 00:01:07.000 --> 00:01:09.780 and the strategic moves of shrimp investors and 00:01:09.780 --> 00:01:15.379 bricks towards a new gold backed currency. Hey 00:01:15.379 --> 00:01:17.340 there, let's dive into some interesting news 00:01:17.340 --> 00:01:20.219 from the tech world. Decentralized Twitter competitor 00:01:20.219 --> 00:01:22.700 Blue Sky just announced that they raised an impressive 00:01:22.700 --> 00:01:25.140 eight million dollars in seed funding and also 00:01:25.140 --> 00:01:27.739 unveiled their first paid service. This is an 00:01:27.739 --> 00:01:29.939 exciting development in the world of social media. 00:01:30.109 --> 00:01:33.409 Moving on, Abracadabra Money, known for its innovative 00:01:33.409 --> 00:01:37.150 approach to decentralized finance, DeFi, is considering 00:01:37.150 --> 00:01:40.090 registering their DO as a centralized legal body. 00:01:40.629 --> 00:01:42.510 This move would potentially bring a certain level 00:01:42.510 --> 00:01:44.849 of centralized structure to their operations. 00:01:45.469 --> 00:01:47.870 Meta, the company behind the popular Twitter 00:01:47.870 --> 00:01:51.030 killer app called Threads, has already onboarded 00:01:51.030 --> 00:01:53.310 millions of users within hours of its release. 00:01:53.670 --> 00:01:56.349 However, there's a catch. Some users have raised 00:01:56.349 --> 00:01:59.170 concerns about the fine print. as certain policies 00:01:59.170 --> 00:02:02.049 could lead to the unintended deletion of millions 00:02:02.049 --> 00:02:05.230 of Instagram accounts. In the gaming realm, a 00:02:05.230 --> 00:02:07.810 new game called Eyeball Pool is putting a unique 00:02:07.810 --> 00:02:10.969 NFT twist on the classic 8 Ball game. Developed 00:02:10.969 --> 00:02:13.189 by the creators of the highly successful game 00:02:13.189 --> 00:02:16.930 8 Ball Pool, this iOS and Android game will be 00:02:16.930 --> 00:02:21.090 built on immutable ZKVM. In the world of cryptocurrencies, 00:02:21.599 --> 00:02:24.560 DeFi traders have encountered losses of a staggering 00:02:24.560 --> 00:02:28.439 $228 million due to hackers in just three months. 00:02:29.159 --> 00:02:31.680 This represents a significant increase in hacks 00:02:31.680 --> 00:02:35.180 and fraud related losses. Stay vigilant out there. 00:02:36.080 --> 00:02:38.800 Circle, a prominent fintech firm, is inching 00:02:38.800 --> 00:02:41.020 closer to launching its competitor to Coinbase's 00:02:41.020 --> 00:02:43.819 wallet building services. They're providing developers 00:02:43.819 --> 00:02:46.120 with the tools necessary to integrate crypto 00:02:46.120 --> 00:02:49.080 wallets into their applications. The International 00:02:49.080 --> 00:02:52.539 Monetary Fund, IMF, published a report emphasizing 00:02:52.539 --> 00:02:55.599 that preventing tax evasion in Bitcoin transactions 00:02:55.599 --> 00:02:58.620 requires more than just anti -money laundering 00:02:58.620 --> 00:03:01.400 measures. They highlight the need for the tax 00:03:01.400 --> 00:03:03.659 system to adapt to the world of cryptocurrencies. 00:03:04.599 --> 00:03:07.319 Moving on to the music industry, recent reports 00:03:07.319 --> 00:03:10.099 debunked claims that FTX canceled a deal with 00:03:10.099 --> 00:03:13.520 Taylor Swift. In reality, FTX's founder backed 00:03:13.520 --> 00:03:17.360 out of the proposed $100 million deal. It's always 00:03:17.360 --> 00:03:19.340 interesting to see how business negotiations 00:03:19.340 --> 00:03:22.860 unfold. ARK Invest, a renowned investment firm, 00:03:23.460 --> 00:03:25.900 revealed that institutions now hold more Bitcoin 00:03:25.900 --> 00:03:28.900 than ever before. This is a significant development 00:03:28.900 --> 00:03:31.360 and could have implications for the future of 00:03:31.360 --> 00:03:34.240 cryptocurrency adoption. In the crypto space, 00:03:34.680 --> 00:03:38.719 there's good news. Bitfinex, a crypto exchange, 00:03:39.240 --> 00:03:43.680 announced that it has recovered $314 ,000 of 00:03:43.680 --> 00:03:48.340 the $3 .6 billion that was stolen in a 2016 Bitcoin 00:03:48.340 --> 00:03:51.539 hack. While there's still a long way to go, every 00:03:51.539 --> 00:03:54.900 step in recovering stolen funds counts. Shifting 00:03:54.900 --> 00:03:57.939 gears, it seems that the U .S. military is training 00:03:57.939 --> 00:04:01.219 artificial intelligence, AI, to handle state 00:04:01.219 --> 00:04:04.240 secrets and issue orders. Although there may 00:04:04.240 --> 00:04:07.120 be some concerns, tests conducted so far have 00:04:07.120 --> 00:04:09.699 reportedly been highly successful. Let's talk 00:04:09.699 --> 00:04:12.870 about the future of gaming. Lavish titles like 00:04:12.870 --> 00:04:15.110 Illuvium, Shrapnel, and OtherSide are expected 00:04:15.110 --> 00:04:18.569 to redefine blockchain gaming in 2023 and beyond. 00:04:19.009 --> 00:04:21.350 It'll be exciting to see how these games utilize 00:04:21.350 --> 00:04:24.730 the potential of blockchain technology. Lastly, 00:04:24.910 --> 00:04:27.610 New York City has implemented a law aimed at 00:04:27.610 --> 00:04:30.649 curbing AI bias in employment decisions. With 00:04:30.649 --> 00:04:33.889 rapid adoption of AI tools by businesses, it's 00:04:33.889 --> 00:04:36.949 crucial to ensure unbiased practices when it 00:04:36.949 --> 00:04:39.689 comes to hiring and employment. In a recent fraud 00:04:39.689 --> 00:04:42.069 case, the Commodity Futures Trading Commission, 00:04:42.370 --> 00:04:45.509 CFTC, ordered two individuals from Florida to 00:04:45.509 --> 00:04:48.750 pay a hefty sum of $5 .4 million in Bitcoin. 00:04:49.490 --> 00:04:51.730 This serves as a reminder that authorities are 00:04:51.730 --> 00:04:54.009 cracking down on fraudulent activities in the 00:04:54.009 --> 00:04:56.810 crypto space. That wraps up our quick rundown 00:04:56.810 --> 00:04:59.389 of the latest tech news. Stay tuned for more 00:04:59.389 --> 00:05:10.230 updates. Nine making waves in the tech world. 00:05:10.769 --> 00:05:13.209 This open source AI image generator is generating 00:05:13.209 --> 00:05:15.930 a lot of excitement, and users can't seem to 00:05:15.930 --> 00:05:18.110 get enough of it. Who wants to wait when you 00:05:18.110 --> 00:05:20.050 can test the latest and greatest on your own 00:05:20.050 --> 00:05:24.930 PC, right? Next, OpenAI's chat GPT is facing 00:05:24.930 --> 00:05:27.509 a traffic dip. It's the first time they've seen 00:05:27.509 --> 00:05:30.410 a decline in traffic since its launch. It's always 00:05:30.410 --> 00:05:32.189 tough when you hit a rough patch, but we're sure 00:05:32.189 --> 00:05:34.750 they'll find a way to bounce back. In other news, 00:05:34.889 --> 00:05:37.930 there's been a mysterious movement of over $126 00:05:37.930 --> 00:05:41.250 million in multi -chain funds to an unknown address. 00:05:41.949 --> 00:05:44.129 The co -founder of multi -chain is calling it 00:05:44.129 --> 00:05:47.350 an abnormal transfer, and it's yet another setback 00:05:47.350 --> 00:05:50.029 for the troubled bridging project. We've also 00:05:50.029 --> 00:05:52.389 got some exciting plans for a Web3 conference 00:05:52.389 --> 00:05:55.949 in India at the end of 2023, courtesy of Hashed 00:05:55.949 --> 00:05:58.449 Emergent and Marketacross. It's great to see 00:05:58.449 --> 00:06:01.170 the crypto community expanding its reach to new 00:06:01.170 --> 00:06:04.879 horizons. And speaking of crypto, Bitcoin recently 00:06:04.879 --> 00:06:09.100 took a dip, causing over $140 million in liquidations. 00:06:09.860 --> 00:06:11.939 It's a reminder that the market can be unpredictable, 00:06:12.500 --> 00:06:15.120 but it also presents new opportunities for those 00:06:15.120 --> 00:06:17.800 looking to get in on the action. Those are just 00:06:17.800 --> 00:06:20.360 a few highlights from the Cryptoverse. Be sure 00:06:20.360 --> 00:06:22.800 to stay tuned for more updates and analysis on 00:06:22.800 --> 00:06:25.120 the latest developments in the world of cryptocurrencies. 00:06:29.470 --> 00:06:32.290 The total Bitcoin balances on exchanges are at 00:06:32.290 --> 00:06:35.970 their lowest point since March of 2018. You know 00:06:35.970 --> 00:06:38.569 what that means? It's time to act accordingly. 00:06:39.250 --> 00:06:42.269 With less than 20k Bitcoin on Huobi, it's a good 00:06:42.269 --> 00:06:44.709 idea to take your coins off of exchanges. But 00:06:44.709 --> 00:06:47.029 wait, there's more to the story. It seems like 00:06:47.029 --> 00:06:49.009 those with less than one Bitcoin, also known 00:06:49.009 --> 00:06:51.290 as shrimps, have been accumulating a whopping 00:06:51.290 --> 00:06:56.230 33. 8k BTC per month. That's 8. 8k more than 00:06:56.230 --> 00:06:58.269 what's being issued. Talk about stacking hard. 00:06:58.560 --> 00:07:01.100 This kind of enthusiasm among the shrimp cohort 00:07:01.100 --> 00:07:05.279 hasn't been seen since 2017. In other news, the 00:07:05.279 --> 00:07:08.839 CEO of ARK Invest, Cathy Wood, is not too thrilled 00:07:08.839 --> 00:07:11.240 about BlackRock's spot Bitcoin ETF filing getting 00:07:11.240 --> 00:07:14.060 approved before theirs. She simply says, we don't 00:07:14.060 --> 00:07:16.740 think so. Maybe it's time to buy more Bitcoin, 00:07:16.839 --> 00:07:19.819 huh? And let's not forget Michael Saylor's bold 00:07:19.819 --> 00:07:22.360 statement, if it's not going to zero, it's going 00:07:22.360 --> 00:07:26.079 to a million. Talk about confidence. Unfortunately, 00:07:26.379 --> 00:07:28.759 there have been reports that top executives at 00:07:28.759 --> 00:07:31.220 Binance are leaving the company due to its response 00:07:31.220 --> 00:07:34.829 to the DOJ. Drama alert. On a more positive note, 00:07:35.089 --> 00:07:37.290 payment processors Zebedee and gaming platform 00:07:37.290 --> 00:07:39.870 Beamable are teaming up to streamline Bitcoin 00:07:39.870 --> 00:07:42.810 transaction integration. Great news for Bitcoin 00:07:42.810 --> 00:07:45.350 enthusiasts. And hold your horses because Lightning 00:07:45.350 --> 00:07:48.269 Labs developers are releasing LLM agent Bitcoin 00:07:48.269 --> 00:07:51.370 tools. These tools create AI agents that can 00:07:51.370 --> 00:07:53.870 hold a Bitcoin balance, send receive Bitcoin 00:07:53.870 --> 00:07:56.529 on Lightning, and even drive with an LND node. 00:07:57.089 --> 00:07:59.899 Mind blowing. Bricks is also making headlines 00:07:59.899 --> 00:08:02.360 with plans to announce a new gold -backed currency 00:08:02.360 --> 00:08:04.959 at their next month's summit. Interesting, right? 00:08:05.319 --> 00:08:07.639 In the midst of all this, don't forget to ignore 00:08:07.639 --> 00:08:10.339 the noise and use Bitcoin. It's here to stay. 00:08:10.920 --> 00:08:13.019 Lastly, Jack Dorsey, the man behind Twitter, 00:08:13.379 --> 00:08:16.000 calls Zaps the only fundamentally new innovation 00:08:16.000 --> 00:08:18.500 in social media. Quite the statement. Thanks 00:08:18.500 --> 00:08:28.410 for tuning into the Bitcoin Street Journal. Apple 00:08:28.410 --> 00:08:30.670 iTunes, iHeart Radio, and many more platforms 00:08:30.670 --> 00:08:33.309 by giving us a like, share, or subscribe. We 00:08:33.309 --> 00:08:57.940 appreciate your support. market demand for XRP 00:08:57.940 --> 00:09:01.259 and Shiba Inu, and notable executive resignations. 00:09:01.700 --> 00:09:03.299 Thanks for listening to today's episode. I'll 00:09:03.299 --> 00:09:04.960 see you guys at the next one and don't forget 00:09:04.960 --> 00:09:05.559 to subscribe.