WEBVTT

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Welcome to the Bitcoin Street Journal. Bitcoin

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Market Update Podcast, your daily source for

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live updates on the Bitcoin market. Today, we

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dive into current Bitcoin technical analysis,

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track BTC prices and explore market trends. We

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cover topics such as grayscale Bitcoin shares

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narrowing discount and lunar crushes fundraising.

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We also discuss EU stablecoin guidance and cool

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cats gaming expansion alongside sounds recent

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dollar 20M fundraising success. Scammers reduced

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earnings, ransomware spikes, and AI's role in

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predicting cancer treatment results will be analyzed.

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Lobbyists' criticism of the McHenry crypto bill,

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the potential of quantum computers, and the auction

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of a notorious big photo as an NFT form part

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of today's discourse. We also note Binance's

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investment in a crypto game publisher and the

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impact of AI debates on Hollywood writers. Today's

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podcast will talk about fractionalized NFTs loaned

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to museums, Polygon's POL token launch, and layoffs

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at Dapper Labs. We discuss Arkham's Marketplace's

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divisive role in the crypto community, Tron Dao's

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developer tour, and an investigation into a former

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FTX exec. Additionally, ConsenSys' ZKVM roll

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-up network revelation, Russia's approval of

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a national CBDC project, and the upcoming Binance

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BNB chain hardfork will be analyzed. We'll delve

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into Ripple VSEC ruling, the fall of Bitcoin

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and Kava prices, Pepecoin analysis, and South

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Korean crypto holding regulations. We discussed

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the Matic -to -Pole proposal, comparison between

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gold and cryptocurrencies, Bitcoin's all -time

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highs in Argentina, the FTX bankruptcy case,

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and WalletPay's crypto payment enablement on

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Telegram. Finally, we explore the revolutionized

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sponsorship model by Noster's apps and Value

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for Value podcasting. So, let's dive into some

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interesting news in the cryptocurrency and blockchain

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world. First up, we have an update on Grayscale

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Bitcoin shares, GBTC, The GBTC discount has recently

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hit its lowest point since last summer. What

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does this mean? Well, it suggests that there's

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renewed hope for an ETF approval in the US or

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the beginning of Bitcoin redemptions. Moving

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on, we have Lunar Crush, a social analytics platform

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that has managed to raise $5 million in Series

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A funding. But that's not all. They are aiming

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to expand their focus beyond just crypto and

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NFTs. They want to venture into stocks using

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artificial intelligence. It seems like Lunar

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Crush's ambitions know no bounds. In regulatory

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news, the EU banking watchdog has issued stable

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coin guidance and is urging compliance ahead

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of MyCA. MyCA refers to the bloc's landmark rules

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for the crypto industry. This highlights the

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regulator's determination to ensure a compliant

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crypto industry. Now let's talk about the Cool

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Cats NFT project. They are taking their gaming

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endeavors to the next level with three upcoming

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titles. These games will offer action, puzzle,

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and endless runner experiences. And the best

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part? All three games are set to release within

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the next nine months. It looks like Cool Cats

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fans have a lot to look forward to. Shifting

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gears, we have Sound, a platform that has recently

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raised an impressive $20 million. What's interesting

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is that this platform is open to all artists

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and allows them to drop their on -chain music.

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Sound has already paid out $5 .5 million to artists

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over the past year, including big names like

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Snoop Dogg. It's great to see more opportunities

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for artists in the crypto space. Speaking of

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crypto, let's discuss the recent trading activity

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of Bitcoin and Ethereum. These leading cryptocurrencies

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have been trading relatively flat. However, following

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the release of the June Consumer Price Index

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CPI figures, which indicate a 3 % inflation rate

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in the US, both Bitcoin and Ethereum experienced

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a slight rise. It seems that inflation concerns

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continue to influence the crypto market. Next

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up, we have Get Protocol, a platform that aims

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to take on Ticketmaster using NFT tickets. Get

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Protocol has recently raised $4 .5 million in

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seed funding with support from Flow Ventures

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and the Tezos Foundation. They are emphasizing

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a web 2 .5 inches approach to ticketing, indicating

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their innovative vision for the future. In the

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world of cryptocurrency wallets, Coinbase has

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introduced a new messaging service to its self

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-custody wallet. This feature essentially combines

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the functionality of popular messaging apps like

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Telegram and Cash App. It's a convenient way

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for users to communicate within the wallet platform.

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Now let's talk about Threads, Meta's new social

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media platform. While Threads and Twitter share

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some similarities, there are key differences.

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One notable difference is the bifurcated newsfeed

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feature that Twitter introduced following Elon

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Musk's takeover. On the other hand, Threads currently

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only offers a single newsfeed. It will be interesting

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to see how Threads competes with Twitter in the

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ever -evolving social media landscape. Moving

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on to the LBRY token, it recently experienced

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an 18 % drop in value. This follows the announcement

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that the file sharing crypto project will be

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shutting down operations. LBRY's decision comes

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after a final judgment in their case with the

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SEC. It's unfortunate to see a project come to

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an end, but it's a reminder of the regulatory

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challenges in the crypto space. Now, let's discuss

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some news regarding the Silk Road Bitcoin. There

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are speculations that the US government is preparing

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to sell the seized Bitcoin from the infamous

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darknet marketplace, Silk Road. As expected,

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such news has a significant impact on the market,

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stirring reactions from investors and enthusiasts

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alike. On the topic of regulations, Senator Cynthia

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Lummis, often referred to as the Bitcoin Senator,

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has renewed her push to address the erratic regulatory

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framework surrounding cryptocurrencies. She has

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been working on a bipartisan bill with Senator

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Kirsten Gillibrand for over a year, and it is

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now ready to be reintroduced. This development

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shows that some lawmakers are committed to creating

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a more favorable environment for the crypto industry.

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Finally, let's talk about Elon Musk, the visionary

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and sometimes controversial figure in the tech

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world. After acquiring Twitter, Musk has now

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set his sights on untangling the very fabric

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of reality with his new AI startup called XAI.

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It's quite fascinating to see his ambitious ventures

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and how they impact various sectors. And speaking

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of tech giants, Google is making moves in the

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blockchain space. Their Play Store will soon

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allow games and apps to offer NFTs. This move

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is aimed at providing a safe, transparent, and

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trusted experience for users interested in blockchain

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games and NFTs. It's another step towards mainstream

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adoption. To wrap things up, despite rising token

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prices, crypto crime has seen a significant drop

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in 2023. While this is promising news, it's important

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to remain vigilant and continue implementing

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robust security measures to ensure a safe and

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secure crypto ecosystem for everyone. That's

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all for now. Stay tuned for more exciting developments

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in the world of cryptocurrencies and blockchain

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technology. ransomware attacks are becoming more

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prevalent. It's a constant tug of war between

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cyber criminals and cybersecurity. Moving on,

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let's talk about Cancer GPT, an impressive AI

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system that can predict the outcomes of cancer

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treatment research. This exciting development

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could potentially revolutionize the field of

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medicine, providing valuable insights and improving

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patient care. In other news, a recent study suggests

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that large pre -trained language models have

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the ability to forecast how drug combinations

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affect rare tissues. This could have significant

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implications for drug discovery and personalized

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medicine. Shifting gears, lobbyists are raising

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concerns about a crypto bill proposed by McHenry.

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They claim that this bill could weaken consumer

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and investor protections. The lobbyists argue

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that while other technologies have proven their

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worth, the potential of cryptocurrency always

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seems to be just on the horizon. Speaking of

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exciting technologies, there is a groundbreaking

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discovery in the world of quantum computing.

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Scientists have observed an unusual superconducting

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state in specific atoms, which could unlock the

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potential for even more powerful quantum computers

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in the future. The possibilities are mind -boggling.

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Now let's delve into the world of art and blockchain.

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A photograph of the iconic notorious big is up

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for auction, accompanied by an Ethereum NFT.

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This unique fusion of art and blockchain technology

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continues to gain traction and attract interest

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from enthusiasts and collectors. In the realm

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of gaming, Binance Labs has invested a whopping

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$15 million in Xterio, a crypto game publisher.

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With upcoming NFT and crypto games like Age of

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Dino and Overworld, Xterio is set to make waves

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in the gaming industry. Switching gears once

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again, Hollywood writers are pondering the next

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moves of the Actors Guild amid ongoing debates

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about AI. Some writers are concerned about their

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work being dissected and processed by machines,

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questioning the impact of AI on creativity and

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intellectual property. On the topic of NFTs,

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Particle, a fractionalized NFT project, has loaned

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a Banksy artwork worth $12 .9 million to several

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global museums. The decision to loan the artwork

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was made collectively by the artwork's 10 ,000

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co -owners. This shows the democratic nature

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and potential of fractionalized ownership in

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the art world. Polygon, a popular blockchain

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network, is set to launch its P -ALL token as

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part of its transition to Polygon 2 .0. This

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network upgrade aims to enhance the functionality

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and scalability of Polygon, making it even more

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suitable for various applications and use cases.

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In unfortunate news, Dapper Labs, the developer

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behind NBA Top Shot, has announced another round

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of layoffs. This marks the third round of layoffs

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in less than a year, raising concerns about the

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company's stability and the future of NBA Top

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Shot. Moving on to a controversial topic, Arkham's

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new docks to earn marketplace has stirred up

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mixed reactions in the crypto community. Some

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argue that this marketplace goes against the

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founding ethos of crypto, while others see the

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potential for a new and innovative approach to

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incentivize intelligence sharing. In Tron related

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news, Trondow is starting its builder tour in

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New York. This tour aims to attract developers

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to the Tron ecosystem by hosting hackathons across

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the United States. It's an exciting opportunity

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for aspiring Tron developers to showcase their

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skills and contribute to the development of this

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blockchain platform. On a different note, a former

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FTX executive is reportedly under investigation

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for possible violations of campaign finance law.

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The details are still unfolding, and it remains

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to be seen how this investigation will unfold.

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Lastly, ConsenSys, a prominent blockchain technology

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company, has unveiled a SkiaVM rollup network

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called Linea. This network aims to provide a

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more scalable and efficient environment for executing

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Ethereum -based smart contracts. As the Ethereum

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ecosystem continues to grow, scalability solutions

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like SkiaVM rollup are crucial for its long -term

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success. And there you have it, a diverse range

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of topics covering scammers, AI and cancer treatment

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research, quantum computers, NFTs, crypto investments,

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AI in Hollywood, blockchain governance, investigations,

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and upcoming blockchain developments. Stay tuned

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for more exciting news and discussions in the

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world of technology, finance, and innovation.

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When it comes to the Ripple VSEC ruling, many

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XRP investors are already taking positions in

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anticipation of the outcome. This report highlights

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the tension and uncertainty surrounding the case.

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On another note, Bitcoin seems to be tumbling

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towards the $30 ,000 mark and Cava has experienced

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a significant 12 % crash in the daily market

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watch. These movements in the crypto market can

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be worrisome for investors. In the world of cryptocurrency,

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there's always speculation about potential crashes

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and one coin that's currently under scrutiny

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is Pepecoin. People are wondering if a crash

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is imminent and what factors they should keep

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an eye on. A thorough Pepe price analysis can

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shed some light on this matter. It's not just

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investors who are looking closely at the crypto

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market. Regulators are also taking proactive

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measures. The South Korean regulatory body, for

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instance, plans to demand clear disclosures on

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firms crypto holding starting in 2024. This move

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aims to bring more transparency to the industry

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and protect investors. In the world of cryptocurrencies,

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innovation is always on the horizon. One such

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proposal that has caught attention is the potential

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transformation of Matic into Puel. This new polygon

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proposal maps out an ambitious 2 .0 roadmap that

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could significantly impact the crypto landscape.

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While cryptocurrencies continue to gain prominence,

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It's worth noting that the foundation of cryptography

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is robust and secure. Some argue that it is even

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stronger than gold. Unlike gold, which relies

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on social constructs like order and property

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rights, cryptography relies on one's ability

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to keep secrets. It functions independently of

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social order, making it an intriguing alternative

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to traditional forms of value. Gold, on the other

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hand, has its limitations. While it has been

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historically viewed as a valuable asset and a

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form of currency, its value depends on its ability

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to be light, durable, and transportable over

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distance. In comparison, assets like sheep, which

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can reproduce and create more value over time,

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can serve as a better store of value. Moreover,

00:14:02.879 --> 00:14:05.120
the ability to transfer assets over distance

00:14:05.120 --> 00:14:07.500
plays a crucial role in their suitability as

00:14:07.500 --> 00:14:10.840
currency. In the fall of the Bronze Age civilization

00:14:10.840 --> 00:14:13.389
and the Western Roman Empire, The preference

00:14:13.389 --> 00:14:16.389
for practical assets like apples over gold emerged.

00:14:16.950 --> 00:14:19.309
Moving on to Bitcoin, it's worth mentioning that

00:14:19.309 --> 00:14:22.970
it has reached all time highs in Argentina. The

00:14:22.970 --> 00:14:25.070
volatile nature of cryptocurrencies can lead

00:14:25.070 --> 00:14:27.710
to extraordinary fluctuations in different markets.

00:14:28.269 --> 00:14:31.330
In recent news, FTX bankruptcy lawyers have requested

00:14:31.330 --> 00:14:36.110
a $323 million recovery from FTX Europe leadership.

00:14:36.750 --> 00:14:39.409
This development showcases the legal complications

00:14:39.409 --> 00:14:42.720
surrounding cryptocurrency platforms. and underscores

00:14:42.720 --> 00:14:45.059
the need for regulatory oversight in this evolving

00:14:45.059 --> 00:14:48.879
landscape. Moreover, WalletPay has enabled Bitcoin,

00:14:49.200 --> 00:14:52.179
Tether, and Toncoin payments on the popular messaging

00:14:52.179 --> 00:14:55.659
platform Telegram. This integration presents

00:14:55.659 --> 00:14:58.120
an opportunity for more seamless and widespread

00:14:58.120 --> 00:15:01.700
adoption of cryptocurrencies. In the podcasting

00:15:01.700 --> 00:15:03.820
realm, there have been significant changes in

00:15:03.820 --> 00:15:06.620
the sponsorship model. Nostra's apps and value

00:15:06.620 --> 00:15:10.059
for value, V4V, Podcasting have revolutionized

00:15:10.059 --> 00:15:12.980
the traditional sponsorship approach by prioritizing

00:15:12.980 --> 00:15:15.759
a direct connection between podcasters and listeners.

00:15:16.279 --> 00:15:18.639
This shift has empowered podcasters to create

00:15:18.639 --> 00:15:21.559
content that aligns with their vision, fostering

00:15:21.559 --> 00:15:25.000
a loyal fan base. Simultaneously, listeners can

00:15:25.000 --> 00:15:28.220
actively engage, support, and contribute to the

00:15:28.220 --> 00:15:30.840
podcasts they appreciate. This collaborative

00:15:30.840 --> 00:15:33.600
and equitable approach is paving the way for

00:15:33.600 --> 00:15:36.480
the future of podcasting. To show your support

00:15:36.480 --> 00:15:39.100
for the Bitcoin Street Journal, please consider

00:15:39.100 --> 00:15:43.299
visiting fountain .com, NostraBuild, Spotify,

00:15:43.980 --> 00:15:48.580
Amazon Music, RSS .com, Kama Pandora, Samsung

00:15:48.580 --> 00:15:52.799
Podcasts, Stitcher, Apple iTunes, or iHeart Radio.

00:15:53.500 --> 00:15:55.620
Your support can be as simple as giving a like,

00:15:55.759 --> 00:15:59.019
share, or subscribing. We appreciate your continued

00:15:59.019 --> 00:16:01.059
support and thank you for listening to our podcast.

00:16:17.000 --> 00:16:20.419
On today's episode, we covered a wide range of

00:16:20.419 --> 00:16:23.320
topics, including the narrowing discount on grayscale

00:16:23.320 --> 00:16:26.840
Bitcoin shares, Lunar Crush's successful $5 million

00:16:26.840 --> 00:16:30.639
raise, the EU's stablecoin guidance, Cool Cat's

00:16:30.639 --> 00:16:33.240
expansion into gaming, and Sound's impressive

00:16:33.240 --> 00:16:36.580
$20 million raise. We also delved into the latest

00:16:36.580 --> 00:16:39.490
news on scammers dwindling profits. a spike in

00:16:39.490 --> 00:16:42.110
ransomware attacks, groundbreaking AI predictions

00:16:42.110 --> 00:16:44.809
for cancer treatment, the impact of lobbyists

00:16:44.809 --> 00:16:47.309
on the McHenry crypto bill, the potential of

00:16:47.309 --> 00:16:50.330
quantum computers, the NFT auction of a notorious

00:16:50.330 --> 00:16:53.269
big photo, Binance's investment in a crypto game

00:16:53.269 --> 00:16:56.129
publisher, the AI debates influence on Hollywood

00:16:56.129 --> 00:16:59.509
writers, fractionalized NFT loans to museums,

00:17:00.129 --> 00:17:03.169
Polygon's launch of the POL token, Dapper Labs'

00:17:03.529 --> 00:17:06.430
recent layoffs, the divisive Arkham's marketplace,

00:17:06.990 --> 00:17:09.549
Trondow's developer tour, the investigation of

00:17:09.549 --> 00:17:13.450
a former FTX exec, consensus reveal of the ZikiVM

00:17:13.450 --> 00:17:16.250
roll -up network, Russia's approval of a national

00:17:16.250 --> 00:17:19.769
CBDC project, and Binance BNB chain's upcoming

00:17:19.769 --> 00:17:22.690
hard fork. We also discussed the Ripple V, SEC

00:17:22.690 --> 00:17:25.430
ruling, the impact of falling Bitcoin and Kava

00:17:25.430 --> 00:17:29.190
prices, the analysis of Pepecoin, South Korea's

00:17:29.190 --> 00:17:31.869
regulations on crypto holdings, the Matic to

00:17:31.869 --> 00:17:35.490
Pole proposal, the ongoing gold versus cryptocurrencies

00:17:35.490 --> 00:17:38.339
debate, Bitcoin's record highs in Argentina,

00:17:38.940 --> 00:17:42.059
the FTX bankruptcy case, the integration of wallet

00:17:42.059 --> 00:17:44.759
pay for crypto payments on Telegram, and the

00:17:44.759 --> 00:17:46.940
revolutionization of sponsorship models with

00:17:46.940 --> 00:17:49.900
Nostra's apps and value for value podcasting.

00:17:50.200 --> 00:17:52.380
Thanks for listening to today's episode. I'll

00:17:52.380 --> 00:17:54.039
see you guys at the next one and don't forget

00:17:54.039 --> 00:17:54.680
to subscribe.
