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 Societe Generale's crypto
arm getting a DASP license, Bitcoin's hashrate
increasing by 661%, Peter Schiff's son losing
faith in Bitcoin, Robert F. Kennedy supporting
backing U .S. dollar with Bitcoin, FTX COO being
hired by Sino Global Capital, Bitcoin and Ethereum
whales depositing $250 million, Anker partnering
with Matterlabs for Zeke's SYNC era nodes, Australian
watchdog cancelling FTX Australia's license,
Tesla not selling any Bitcoin for a year. Congressman
criticizing SEC after Ripple ruling. BTC exceeding
$1 .30K in Stellar. XLM rising 23%. MyCA framework
not covering most NFTs in DeFi without intermediaries.
Symbol launching a user -friendly blockchain
explorer. NASDAQ delaying crypto custody. AI
not replacing human spies according to MI6 Chief.
preserving Pollock's studio floor as NFTs, U
.S. bill targeting DeFi, AC Milan extending crypto
sponsorship, Russia testing digital ruble, Apple
developing AI chatbot, Dr. Disrespect's dead
-rop game, NARS auctioning orgasm NFTs, Coinbase
protocols predicted to onboard 8 billion people,
chat GPTs performance declining, museums embracing
digital art and AI, Bitcoin surviving its worst
performance period, National Bank of Australia
blocking payments to high -risk crypto exchanges,
Telegram raising $210 million through bond sales.
Multi -chain ceasing operations. Athena raising
$6M. Coin Fund raising $158M. U .S. seizing millions.
BTC, ETPs seeing large inflows. Polychain raising
$200M. NASDAQ halting custody. $2 .32 billion
invested in crypto. Low funding for startups.
BTC price after having. Using BTC to avoid sanctions.
EU Bitcoin spot ETF. and the concept of Noster's
app's revolutionizing podcast sponsorship. Societe
Generale's CryptoArm becomes first entity to
score France's DASP license. Hey, everyone. Big
news in the crypto world. Societe Generale's
CryptoArm has scored a major win by becoming
the first entity to receive France's digital
asset service provider DASP license. This is
a significant milestone in the adoption of cryptocurrencies
as it shows increasing recognition and acceptance
from traditional financial institutions. Bitcoin
records 661 % increase in hashrate in two years.
Data. Whoa, Bitcoin is on fire. Recent data reveals
that Bitcoin's hashrate has skyrocketed by a
whopping 661 % in just two years. For those not
familiar with the term, the hashrate refers to
the computational power that Bitcoin miners contribute
to the network. This exponential growth is a
testament to the increasing interest and investment
in Bitcoin mining. Peter Schiff's son is no longer
a Bitcoin believer. Well, it seems even within
families there can be opposing views on Bitcoin.
Peter Schiff's son, Spencer Schiff, known for
his pro -Bitcoin stance, has surprisingly had
a change of heart. He recently announced that
he is no longer a Bitcoin believer and has liquidated
his BTC holdings. Guess the crypto market can
sometimes even divide households. Presidential
candidate Robert F. Kennedy to back the US dollar
with Bitcoin if elected. Wow, political candidates
getting into the crypto game now. It has come
to light that presidential candidate Robert F.
Kennedy plans to back the US dollar with Bitcoin
if elected. This bold move highlights the growing
interest in harnessing the potential of cryptocurrencies
to strengthen traditional financial systems.
It will undoubtedly be interesting to see how
this proposal plays out. Former FTX COO hired
by Sino Global Capital, report. In other crypto
news, a former FTX chief operating officer has
recently been hired by CINO Global Capital. This
move is yet another example of experienced professionals
from the traditional finance world transitioning
into the crypto industry. It's exciting to witness
the merging of these two spheres and see the
expertise they bring to the table. Bitcoin whale
and Ethereum ICO member deposit dollar 250 million
holdings to exchanges hold on tight. We have
witnessed a substantial move in the crypto space.
A Bitcoin whale along with an Ethereum ICO member
has deposited a mind -boggling $250 million worth
of crypto holdings to exchanges. Such massive
transactions can have significant implications
for the market and possibly indicate future movements.
It's like watching an intense chess game unfold.
Anchor taps matter labs to launch ZKSync era
nodes, hyperchains on Microsoft's Azure Breaking
News. Anchor, a prominent crypto platform, has
partnered with Matterlabs to launch ZeekSync
era nodes and hyperchains on Microsoft's Azure
platform. This collaboration aims to enhance
the scalability, security, and overall performance
of blockchain technology. It's fantastic to see
such innovative solutions being developed and
implemented. Australian securities watchdog cancels
FTX, Australia's AFS license. The Australian
crypto scene has hit a bump in the road. The
country's securities watchdog has cancelled FTX,
Australia's AFS, Australian Financial Services
license. This regulatory move serves as a reminder
of the continued scrutiny and evolving landscape
surrounding crypto exchanges. Compliance is key
in maintaining trust and avoiding potential setbacks.
For a whole year, Tesla didn't sell any Bitcoin,
BTC. Hold your horses, crypto enthusiasts. It
has been revealed that Tesla, the famous electric
vehicle company, did not sell any of its Bitcoin,
BTC holdings, for an entire year. This news comes
as a surprise, considering how closely Elon Musk's
tweets have influenced the market in the past.
It just goes to show that even major players
like Tesla have their own long -term strategies.
Following landmark ripple XRP court ruling, Congressman
Slam, Gensler and SEC for predatory approach.
After the landmark court ruling favoring Ripple,
XRP, several congressmen have voiced their criticism
against Gary Gensler and the SEC, Securities
and Exchange Commission. They are accusing the
regulatory body of adopting a predatory approach
towards the crypto industry. This case has significant
implications for the future regulation of cryptocurrencies
and the debate continues to heat up. BTC tops
$1 .30k while Stellar XLM skyrockets 23 % overnight
market watch. Whoop, there it is. Bitcoin BTC
has reached new heights, soaring past the $1
.30K mark. The crypto market continues to be
thrilling, with Stellar, XLM, also making waves
by skyrocketing a whopping 23 % overnight. These
price movements indicate the dynamic nature of
cryptocurrencies, keeping traders and investors
on their toes. What is MICA? What the EU crypto
governing framework means for you? Curious about
MICA? It stands for the Markets and Crypto Assets
Regulation. This new framework introduced by
the European Union aims to regulate the crypto
market and provide legal certainty. For those
involved in the crypto space, MyCA will bring
increased transparency, consumer protection,
and a more secure environment. It's an exciting
step towards mainstream adoption. Now let's dive
a bit deeper into MyCA. It's important to note
that this framework does not cover most non -fungible
tokens, NFTs. However, it does include fractionalized
NFTs and NFTs released as collections. Additionally,
MyCA does not cover decentralized finance, DeFi
applications that operate without intermediaries.
So while MyCA is a step forward, there are still
aspects of the crypto market that fall outside
its scope. Symbol launches human readable Ethereum
blockchain explorer, a social ether scan. Hey,
check this out. Symbol, a new Ethereum blockchain
explorer has hit the scene. What sets Symbol
apart is its human -readable approach. Unlike
traditional explorers that can be confusing for
the average user, Symbol presents information
in a visually appealing and user -friendly way.
It aims to make blockchain technology accessible
to the masses. How cool is that? Nasdaq delays
crypto custody. Until regulatory concerns die
down, Nasdaq, the renowned stock exchange, has
decided to delay its entry into the crypto custody
space. This decision is based on concerns surrounding
regulatory clarity. However, NASDAQ CEO Adina
Friedman made it clear that despite the delay,
the company remains committed to supporting the
development of the digital asset ecosystem. It's
a strategic move in a rapidly evolving industry.
AI won't replace human spies, says Britain's
MI6 chief. Don't worry, human spies, you're safe
for now. The chief of Britain's secret intelligence
service, MI6, has stated that artificial intelligence
AI won't replace human spies anytime soon. The
importance of human factors in intelligence gathering
cannot be replicated by AI systems. It's a reminder
that technology can augment our capabilities,
but human intuition and understanding remain
invaluable. Robert F. Kennedy Jr. wants Bitcoin
-backed U .S. dollars and tax breaks for investors.
Here's another interesting development on the
political front. Robert F. Kennedy Jr., son of
the late Robert F. Kennedy, has expressed his
support for Bitcoin -backed US dollars. He believes
that Bitcoin's durability makes it an ideal currency
to back the US dollar. Additionally, he proposes
tax breaks for investors in this digital currency.
It seems like Bitcoin is finding support from
unexpected quarters. Why Jackson Pollock's historic
paint -splattered floor is being immortalized
as NFTs. Let's shift gears for a moment and explore
the world of art and NFTs. Jackson Pollock's
historic paint -splattered floor is being immortalized
in the form of non -fungible tokens, NFTs. For
art enthusiasts and collectors, this opens up
new possibilities for preserving and owning iconic
pieces. It's an exciting intersection of traditional
art and cutting -edge technology. And there you
have it, folks, a roundup of the latest happenings
in the crypto world. From institutional adoption
to regulatory developments, it's evident that
cryptocurrencies are making their presence felt.
So buckle up and stay tuned for more exciting
news in this ever -evolving space. So have you
heard the news? There's an amazing art collection
from the Jackson Pollock Studio and iconic moments
that has been digitally preserved on Ethereum.
Isn't that incredible? It's like taking a slice
of history and making sure it lasts forever.
But hold on, there's more. A bipartisan bill
is making waves, proposing that the US Treasury
gain authority over decentralized finance or
DeFi. The bill's sponsors are concerned about
financial crime, specifically highlighting DeFi
platforms and crypto ATMs as potential vectors.
It's all about keeping things safe and secure
in the world of digital finance. Now let's talk
sports. AC Milan, one of Italy's most legendary
soccer clubs, is extending its sponsorship in
the crypto world. They've been partnered with
BitMEX for two years, and they're not stopping
anytime soon. It's fascinating to see how sports
and cryptocurrency are merging together, isn't
it? Speaking of cryptocurrencies, Russia is joining
the CBDC club. They're planning to start testing
their very own digital ruble in August, pending
Vladimir Putin's approval, of course. If all
goes well, Russia will become one of the largest
adopters of central bank digital currencies to
date. It's a big step forward for the world of
digital finance. Now let's dive into the tech
world. Did you know that Apple is working on
its very own AI chatbot? It's true. But unlike
chat GPT, Apple's chatbot won't be available
to the public. They're keeping it all to themselves.
No plans for a consumer release at the moment.
It's always fascinating to see how tech giants
are innovating behind the scenes. Are you a gamer?
Well, here's something exciting for you. There's
a new first person shooter game called Dead R
.O .P. and it's currently in limited early access.
If you want to get in on the action, you'll need
to unlock it. Sounds like a challenge, doesn't
it? I'm sure it's worth it, though. Now let's
talk about a rather eyebrow -raising collaboration.
NARS Cosmetics, in partnership with super rare
and digital artists, is dropping NFTs for National
Orgasm Day. Yes, you heard that right, orgasm
NFTs. It's definitely a unique way for the beauty
brand to make a statement and ride the NFT wave.
In the world of cryptocurrencies, Coinbase has
predicted that a whopping 8 billion people will
go on chain over the next decade. That's a massive
number. And Coinbase's protocols are leading
the way. Jesse Pollack is spearheading their
efforts on base, which is their Ethereum focused
layer two network. It's all about scalability
and making sure that everyone can participate
in the crypto space. Now, here's an interesting
study. Researchers from UC Berkeley found that
ChatGPT, the highly popular AI chatbot, may not
be as good as we think. In fact, the study suggests
that ChatGPT's performance has not improved over
time and may have even gotten worse. It's a reminder
that even advanced AI systems have their limitations.
Let's wrap things up with the art world. Museums
and galleries are embracing digital art and exploring
the possibilities of AI. The future of art, its
accessibility, and its audience were all discussed
at Christie's Art Plus Tech Summit. It's fascinating
to see how technology is transforming the way
we experience and interact with art. And that's
a wrap. There's always something new and exciting
happening in the worlds of art, finance, tech,
and more. It's a never -ending stream of innovation
and creativity. Can't wait to see what's coming
next. Hey there! If you're reading this, congratulations!
You've made it through Bitcoin's worst performance
period ever. It hasn't been an easy ride, but
here we are, still standing. You may wonder why
the price of Bitcoin is so closely tied to the
amount of money in the system. Well, the more
money, or liquidity, there is, the higher the
BTC price gets traded. It's the power of absolute
scarcity at play here. With Bitcoin being limited
in supply, it becomes more valuable when there's
a lot of demand for it. In other news, the National
Bank of Australia has recently taken measures
to block payments to high -risk crypto exchanges.
They've prevented transactions worth more than
$1 .270 million over the past four months, citing
the risk of fraud. Unfortunately, they haven't
disclosed the names of these platforms. On a
similar note, Westpac, Commonwealth Bank of Australia,
and ANZ have also taken similar steps to mitigate
risk in the crypto space. Now let's talk about
some bullish predictions. Kathy Woods, a well
-known investor, expects Bitcoin to reach over
$1 .5 million in her best -case scenario. That's
quite a high target, isn't it? But she seems
confident, calling Bitcoin an insurance policy
against financial crises. According to her, with
Bitcoin being decentralized and transparent,
we won't experience another 0 .8. zero nine crisis.
That's some optimism right there. In the world
of messaging apps, Telegram has been making waves.
Its CEO, Pavel Durov, recently shared that he
personally owns nothing except for Telegram,
some Bitcoins, and some Toncoin. And guess what?
This week, Telegram raised a whopping $210 million
through a bond issue. Pavel himself bought around
a quarter of it. It's impressive to see them
gaining over 300 million users in just two and
a half years, with millions of new users joining
every day. They now boast over 800 million monthly
active users. That's mind boggling. On a slightly
different note, it seems that multi -chain has
ceased operations. The reason? The CEO's sister
has been detained in China and she happens to
hold $220 million of funds. Talk about a complicated
situation. We'll have to wait and see how this
unfolds. Now, let's shift our focus to Bitcoin
trading. The weekend BTC USD volume in native
units for January through June 2023 hit its lowest
levels since 2012. It's intriguing to see such
low levels after almost a decade. Will this trend
continue or will we see a resurgence? In a positive
development, Binance has completed the integration
of the Bitcoin Lightning Network. This will undoubtedly
enhance the scalability and speed of Bitcoin
transactions. It's great to witness advancements
like this in the crypto space. Lastly, let's
talk about digital asset investment products.
Last week, they saw a whopping $137 million of
inflows. And if we look at the past four weeks,
the total inflows amount to an impressive $742
million. This is the largest run of inflows since
the final quarter of 2021. It's clear that there's
still a lot of interest and investment flowing
into digital assets. So that wraps up our overview
of recent events in the crypto world. It's been
quite a roller coaster ride with ups and downs,
but that's the nature of this exciting industry.
Stay tuned for more updates as we navigate through
the ever changing landscape of cryptocurrencies.
So I have some interesting news from the world
of cryptocurrency and blockchain. Let's jump
right in. First up, we have Athena, a stablecoin
developer on the Ethereum network. They recently
raised a whopping $6 million in funding. This
shows the continued interest and support for
projects built on the Ethereum blockchain. Speaking
of funding, CoinFund, a VC firm, managed to secure
an impressive $158 million to back various crypto
startups. This goes to show that investors are
seeing the potential and value in this space.
In other news, US law enforcement made a significant
move by seizing tens of millions of dollars from
accounts tied to Dell Tech. This showcases the
ongoing efforts to regulate and clamp down on
illicit activities within the crypto world. Now
let's talk about Bitcoin. From June 16th to July
16th, BTC ETPs saw a monthly net inflow of 25
,202 BTC. This is the second largest monthly
net inflow in BTC ETPs, only surpassed by October
2021. It's worth noting that this period coincided
with the launch of Bytoe and other futures -based
ETFs in the US, which likely contributed to the
increased interest. Moving on to venture capital
funding, Polychain recently raised a staggering
$200 million for their fourth crypto VC fund.
This significant sum is a testament to the growing
confidence and investment appetite in the crypto
market. Additionally, Polychain made some internal
changes, shaking up their staff in the process.
In regulatory news, Nasdaq had to halt its plans
for a crypto custody service due to unfavorable
U .S. regulatory conditions. This highlights
the challenges and uncertainties faced by traditional
financial institutions when it comes to entering
the crypto space. Now, let's shift our attention
to blockchain technology. Symbol recently launched
a unique Ethereum blockchain explorer called
Human Readable. This user -friendly tool aims
to simplify the process of navigating and understanding
the Ethereum blockchain. It's exciting to see
innovations aimed at making blockchain more accessible
to a wider audience. Now let's zoom out and look
at the bigger picture. The crypto and blockchain
sector saw $2 .32 billion invested in Q2 2023,
marking a new cycle low since Q4 2020. This continuing
downtrend started after reaching a peak of $13
billion in Q1 2022. These fluctuations in investment
highlight the volatility and cyclical nature
of the crypto market. Interestingly, despite
the downward trend, crypto and blockchain startups
raised less money across the last three quarters
combined than they did in just Q2 of last year.
This indicates that, despite the overall decline,
there are still opportunities for innovators
and entrepreneurs to secure funding. Now let's
switch gears a bit and talk about Bitcoin's price.
There's always curiosity about where it's headed,
especially after significant events like the
halving. Some speculate and wonder what the price
of Bitcoin will be after the 2024 halving. It's
an exciting topic that sparks debate and speculation
among the crypto community. On the topic of investment
strategies, there's a prevailing sentiment in
some circles to sell off so -called SH asterisk
T coins and exchange them for Bitcoin. This is
seen as a smart move by those who believe in
the long -term value and stability of Bitcoin
compared to other cryptocurrencies. In a surprising
twist, Peter Schiff's son, who happens to be
Peter Schiff himself, has been revealed to be
a fan of esh asterisk T coins as well. This amusing
turn of events highlights how even within a family,
there can be differing opinions and interests
when it comes to cryptocurrencies. Moving on
to Ethereum, some people have voiced their concerns
that it is part of the so -called deep state
and regulatory state. Whether you agree or not,
it's an interesting perspective that raises questions
about the relationship between blockchain technology
and governance. Shifting our focus to international
matters, it seems that many people are using
large amounts of Bitcoin to circumvent financial
sanctions on Russia. This showcases the potential
of cryptocurrencies as a way to bypass traditional
systems and restrictions. Now let's briefly touch
on the EU's efforts to win the race for a Bitcoin
spot ETF. This initiative reflects the global
interest in creating a regulated framework for
cryptocurrencies, allowing investors to access
this asset class through traditional channels.
Speaking of Bitcoin, running a full Bitcoin lightning
wallet can be quite complex and risky. It requires
knowledge of Linux system administration, dedicated
hardware, and safeguards against potential threats.
However, there are ongoing efforts to create
non -custodial wallets that can own Bitcoin on
the lightning layer using RGB contracts. This
could simplify the process and make it more accessible
to a wider audience. Lastly, it's fascinating
to see the abundance of Bitcoin artwork that
exists. The creativity and expression surrounding
this digital currency are seemingly infinite,
with artists finding unique ways to capture its
essence and impact. And that brings us to the
end of our crypto and blockchain news roundup.
It's been a whirlwind of information with funding
announcements, regulatory developments, and even
some unexpected twists. Stay tuned for more updates
on this ever -evolving landscape. Nostra's apps,
deciphering the enigmatic phenomenon, reshaping
podcasting landscape. Nostra's apps have taken
the podcasting industry by storm, leaving many
perplexed yet intrigued. Unlike traditional sponsorships,
where advertisers pay podcasters to promote their
products or services, Nostra's apps embrace a
new approach. Listeners voluntarily contribute
directly to the podcasters, acknowledging the
value they receive and supporting their favorite
shows. This innovative sponsorship model empowers
podcasters to maintain their creative independence
while fostering a deeper connection with their
audience. No longer reliant on the whims of advertisers,
podcasters are free to deliver authentic content
and pursue their passions. In turn, listeners
feel a sense of ownership over the shows they
support, knowing that their contributions directly
contribute to the podcast's longevity and growth.
Unveiling the intricate web of value -for -value
podcasting, a paradigm shift for listeners. Value
-for -value V4V. Podcasting is a paradigm shift
that places the value exchange between podcasters
and listeners at the forefront. In this model,
Listeners are encouraged to determine the value
they receive from a podcast and contribute accordingly.
This unique arrangement allows for a more equitable
distribution of resources and rewards content
creators for their dedication and talent. V4V
podcasts encourage listeners to contribute not
only financially, but also through engagement
and support, fostering a sense of community and
participation. Whether it be leaving a positive
review, sharing episodes with friends, or actively
discussing the content on social media, listeners
become an integral part of the success of the
podcast. This reciprocal relationship nurtures
a loyal and dedicated fan base that drives the
growth and sustainability of the show, unraveling
the puzzle of Noster's apps, unlocking the true
value exchange in podcasting. While Noster's
apps represent a novel approach to podcast sponsorship,
understanding the true value exchange is crucial.
The key lies in recognizing that Nostra's apps
go beyond monetary contributions. They serve
as a tangible expression of the appreciation
and support listeners have for the podcast and
its host. Nostra's apps are a testament to the
meaningful impact podcasts have on listeners
lives. It is an acknowledgement that the content
and experiences delivered through these shows
hold significant value and deserve recognition.
The value exchanged is not solely transactional,
but rather an emotional connection and appreciation
for the creators and the community they have
nurtured. Conclusion. Nostra's apps and value
for value podcasting have revolutionized the
traditional sponsorship model, prioritizing the
direct connection between podcasters and listeners.
These phenomena have empowered podcasters to
create content true to their vision and fostered
a loyal fan base. Simultaneously, listeners are
given the opportunity to actively engage, support,
and contribute to the podcasts they cherish.
As the podcasting landscape continues to evolve,
Noster's apps and V4V podcasts pave the way for
a more collaborative and equitable future. Thanks
for tuning in to today's episode where we covered
a wide range of topics including the Societe
Generale's crypto arm getting a DASP license,
Bitcoin's hashrate increasing by 661%, and Peter
Schiff's son losing faith in Bitcoin. Among other
news, join us at the next episode and don't forget
to subscribe.