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 topics such as the inevitable
Bitcoin adoption. SEC fines against Quantstamp
and regulatory issues faced by Binance and Coinbase,
government accused of UFO cover -up, various
developments in the NFT market, new crypto wallet
launches, and the impact of Noster's apps and
value for value podcasts on podcasting. Hey there.
Have you ever wondered about the significance
of Bitcoin in today's world? Well, let me tell
you, it's something you might not think you need
until you do. This fascinating digital currency
has been creating ripples in the financial landscape,
and its impact is only going to grow stronger.
Just recently, an interesting spiral clock infographic
was shared on Twitter, highlighting the patterns
of Bitcoin halvings, bull runs, and crashes.
It's amazing to see how these events occur at
specific times, almost like a clockwork mechanism.
The source of this intriguing information, Twitter
user at John X. Osterman, definitely knows how
to grab attention. But let's not stop there because
we have some powerful statements from some notable
individuals. Saifuddin Ammous, the author of
The Bitcoin Standard, believes that Bitcoin adoption
is not just an option, it's inevitable. And billionaire
Tim Draper shares the same sentiment, stating
that Bitcoin is transforming the way currency
and commerce is conducted. He even goes on to
say that Bitcoin is a better and safer technology
compared to fiat currencies and believes that
the rest of the world will eventually embrace
it. It's hard not to be bullish about Bitcoin
with such influential figures backing it. Speaking
of adoption, the statistics surrounding Bitcoin
supply last active age bands are quite intriguing.
At the moment, all subsections of the long -term
holder cohort show all time highs in terms of
hodling. This suggests that more and more people
are holding on to their Bitcoin, which could
have significant implications for its future
value. The numbers are impressive. 69 .2 % of
the supply has been inactive for more than a
year, 55 .7 % for over two years, 40 .1 % for
over three years, and 29 .1 % for over five years.
It's a clear indicator of the long -term faith
people have in Bitcoin. As we dive deeper into
the topic, consider the importance of privacy.
Paolo Arduino, the CTO of Tether, highlighted
the value of privacy during the Lugano Plan B
conference. He emphasizes that privacy is not
about hiding something, but rather about preserving
our freedom. This is an important factor to consider
in the realm of digital currencies, where privacy
and security are paramount. Speaking of notable
figures, Robert F. Kennedy Jr., a pro -Bitcoin
U .S. presidential candidate, has revealed that
he holds up to 14 BTC. Not only that, but he
has also bought two BTC for each of his seven
children. Kennedy believes that being a commodity
is essential for becoming a global money or property.
These are certainly interesting times we're living
in. And let's not forget the Human Rights Foundation,
which recently launched a set of Bitcoin bounty
challenges aiming to foster innovation in transactional
privacy, censorship resistance, and self sovereignty.
These challenges are bound to bring forth new
ideas and developments that could shape the future
of cryptocurrencies. For those interested in
numbers, it's worth noting that the Bitcoin network
has now settled an impressive $110 trillion in
transaction volume. Talk about making an impact.
Looking at the mining landscape, we see that
sustainable Bitcoin mining has found a perfect
home in Paraguay. Sazmaning has established a
new BTC mining facility in the country, further
solidifying the importance of Bitcoin and its
impact on local economies. On the mainstream
media front, CNBC mentioned Bitcoin's upcoming
halving, prompting even more excitement in the
community. These events generate anticipation
and speculation about the future of the cryptocurrency
market. Comparing the Fed's position in January
2008 to July 2023 reveals some intriguing patterns.
While history might not repeat itself, it often
rhymes. It's certainly something to keep an eye
on and be prepared for. And speaking of legal
battles, Ripple's legal counsel believes that
the SEC appeal will strengthen and uphold the
judge's decision. This case has been closely
watched by many as it has the potential to shape
the regulatory landscape for cryptocurrencies.
Analyzing market trends, we find that Bitcoin's
correlation with U .S. equities has reached a
two -year low, which could be seen as a potential
bullish signal. This correlation, or lack thereof,
reflects the evolving nature of Bitcoin as an
asset class. Additionally, there has been a significant
decline in Bitcoin whale balances, indicating
a shift in the distribution of wealth within
the cryptocurrency ecosystem. Such changes can
have profound implications for market dynamics.
In the realm of stablecoins, USDT's market cap
has reached a new all -time high, further solidifying
its position as a prominent stablecoin in the
market. This growth indicates the increasing
demand for stable and secure digital assets.
So as you can see, Bitcoin is on the move with
influential figures believing in its transformative
power and adoption becoming more inevitable with
each passing day. Whether you're interested in
privacy, financial freedom, or the potential
for innovation, Bitcoin has something to offer.
It's an exciting time and the impact of cryptocurrency
on our world is only just beginning to unfold.
Hey everyone, let's dive into the latest news
in the world of cryptocurrency and blockchain
technology. First up, we have a story about Quantstamp.
The company recently agreed to pay a $3 .5 million
fine following charges from the SEC. It's always
important for companies to ensure they comply
with regulations to maintain trust in the industry.
Next... Avalanche has launched a $50 million
real world asset tokenization initiative. This
is an exciting development as it brings traditional
assets into the world of blockchain, potentially
opening up new investment opportunities. In the
world of politics, it seems that the stablecoin
bill in Congress is causing some controversy.
Democrats claim that it still reeks of Sam Bankman
Fried, a prominent figure in the industry. It's
interesting to see how the different political
parties perceive stable coins and their regulation.
Regulatory turmoil is also impacting market shares
of major exchanges like Binance and Coinbase.
As regulations evolve and change, it will be
important to see how these exchanges adapt to
ensure compliance while maintaining their market
positions. Moving on, BlackRock. one of the largest
asset management firms, is looking to India for
a partnership with Jio to provide digital asset
services. This shows the increasing interest
in digital assets and their potential in emerging
markets. A request for the reversal of SBF's
bail has been made over the leak of Caroline
Ellison's diary. Legal battles often have unexpected
twists and turns, and this case is no different.
It will be interesting to see how it unfolds.
In terms of market updates, Bitcoin remains relatively
flat after the Fed's rate hike, while XLM has
soared by 14%. These fluctuations in the market
are always worth keeping an eye on, as they can
provide insights into the overall health of the
industry. Binance Pool has unveiled its Bitcoin
Cash mining service, offering more options for
miners and potentially increasing the decentralization
of mining power in the cryptocurrency space.
In a surprising twist, CoinsPaid suspects that
North Korea's Lazarus Group orchestrated a theft
of $37 .3 million. Security breaches and cybercrime
continue to be a challenge in the world of cryptocurrency,
and it's important for companies to remain vigilant
and proactive in their security measures. Next,
let's take a look at Bitcoin's price analysis.
Some speculate whether a crash to $27k is imminent
for BTC, and there are key factors to watch in
the coming days. Price movements are always a
topic of interest for investors and traders alike.
Coinbase CEO Brian Armstrong has called for voting
in favor of FIT21. It's important for industry
leaders to engage in discussions and advocate
for changes that benefit the cryptocurrency ecosystem
as a whole. In the legal realm, the legal brawl
between Custodia Bank and the Feds is being seen
as as important as Ripple's XRP case. The outcome
of these legal battles can have significant implications
for the industry and it's worth keeping an eye
on their progress. Here's an interesting perspective
from Tim Draper, who explains why he believes
Bitcoin will rise above fiat currencies. Draper
is known for his bullish stance on cryptocurrency
and it's always interesting to hear his insights.
Jack Dorsey, the CEO of Twitter and Square recently
had a conversation with the Coinbase CEO. The
question remains, what's better than Bitcoin?
It's always exciting to see influential figures
in the industry discussing the future of cryptocurrencies.
In the world of politics, U .S. presidential
candidate Robert Kennedy recently purchased 14
BTC for his children. It's fascinating to see
politicians engaging with cryptocurrencies and
recognizing their potential as an investment
asset. Republicans are blasting the White House
for its failure to compromise on the stablecoin
bill. Bipartisan support is crucial for the successful
regulation of stablecoins, and it remains to
be seen how the bill will progress in the coming
months. The Sui Foundation has ended its partnership
with Movie X following a contract violation.
Partnerships form a crucial aspect of the cryptocurrency
ecosystem, and it's essential for all parties
involved to adhere to contractual obligations.
Binance has officially filed for the dismissal
of the CFTC's case against them. Legal battles
and regulatory scrutiny are part and parcel of
the cryptocurrency industry, and it will be interesting
to see how this case unfolds. Bitcoin is struggling
to maintain its stability at $1 .29k, while Pepe
is down by 13 % on a weekly basis. The cryptocurrency
market can be volatile, and these fluctuations
are worth monitoring for traders and investors
alike. According to reports, Sequoia has reduced
its crypto fund by almost $400 million. While
market corrections and adjustments are common,
it's worth noting the impact this may have on
investor sentiment. Federal prosecutors want
Sam Bankman Fried, a prominent figure in the
industry, jailed until trial over alleged witness
tampering. Legal battles can become highly contentious,
and it's vital for all involved to respect due
process and allow the legal system to run its
course. On a lighter note, Reddit has launched
more polygon NFTs following their successful
minting of 18 million avatars. NFTs continue
to garner attention and interest, and it's exciting
to see platforms like Reddit embracing this trend.
Coolcats and AKU are among the new collectible
avatars available, with prices ranging from a
couple of bucks to $200 apiece. The NFT space
is full of creativity and unique opportunities
for artists and collectors alike. And that wraps
up our roundup of the latest news in the cryptocurrency
and blockchain world. Stay tuned for more updates
and keep exploring the exciting developments
in this ever -evolving space. So there was quite
a buzz recently during a congressional hearing
about UFOs. Witnesses came forward claiming they
have first -hand evidence of the existence and
possession of alien spacecraft. This heated discussion
sparked accusations of a government cover -up.
Can you believe it? aliens and conspiracy theories
sure know how to grab attention. In other news,
for all you Twitter aficionados who miss the
good old days of the original bird logo, there's
a solution. A crypto developer has created a
browser tool that allows you to restore the classic
logo so you don't have to put up with what some
people consider an ugly X brand. Now you can
tweet with nostalgia. Have you ever thought about
combining AI and blockchain in a Discord game?
In a recent interview, Alex Finden, the creative
director of Alchemy Battle for Ankos, explains
how they're using AI and blockchain technology
to create a unique gaming experience. It's fascinating
to see how these innovative technologies can
come together to create something entirely new.
OpenAI, known for its advanced AI models, has
stirred up some controversy with its secret image
generator. This tool, which is yet to be released,
doesn't shy away from featuring boundary stretching
content. It provides a platform where artists
can explore their creativity and push boundaries.
But this provocative approach has put Mid Journey,
a similar company, on notice. Speaking of Alchemy
Battle for Ankos, it seems this game is making
quite the splash. Demonstrated at the Solana
PlayGG event, it combines AI and blockchain technology
to deliver an extraordinary gaming experience.
It's exciting to see how these technologies can
be integrated to revolutionize the gaming industry.
Robert F. Kennedy Jr., the Democratic candidate
for U .S. president, recently made a bold move
by purchasing 14 Bitcoin for his kids. Not only
that, but he also criticized banks for giving
in to political pressure. It's interesting to
see how politicians are embracing cryptocurrencies
and expressing their opinions about traditional
financial systems. Now let's talk about cybercrime.
There's been a recent hack worth $60 million
and it's believed to be the work of the North
Korean hacker cell, Lazarus. A renowned crypto
investigator has identified Lazarus as the likely
culprit based on their unique fingerprint on
the blockchain. This just goes to show that cyber
criminals are becoming increasingly sophisticated
in their attacks. Sotheby's, the famous auction
house. made history with a Dutch auction, a first
in their 300 -year history. The auction featured
generative NFT artworks by Vera Molnar, a pioneering
99 -year -old artist. The bidding process started
at a high price and gradually decreased until
a buyer emerged. It's exciting to see traditional
auction houses embracing the digital art revolution.
In other legal news, the U .S. Department of
Justice has decided not to proceed with a campaign
finance charge against Sam Bankman Fried. The
original extradition from the Bahamas did not
mention charges related to political donations.
It's interesting to see how legal processes can
evolve and change over time. Animoca Brands,
a major player in the metaverse, has invested
a whopping $30 million into Web3 Super App High.
Known for their collaboration with Mastercard
to customize credit cards with NFTs, it's only
natural for them to explore new possibilities
within the Web3 space. We can't help but wonder
what other brands in the Animoca family might
dive into the NFT world. Securitize, a tokenization
firm already established in the US, is expanding
its reach into the European Union. They are set
to issue their first tokenized security in Spain,
marking the beginning of their European campaign.
It will be interesting to see how tokenization
and blockchain technology continue to shape the
financial landscape. Lastly, the collaboration
between consensus -backed Palm Network and Polygon
aims to launch a creators' platform on the Polygon
supernet. This collaboration seeks to reduce
costs and improve efficiency for creators and
brands entering the Web 3 space. It's exciting
to see how different projects are coming together
to build a more accessible and inclusive Web
3 ecosystem. And that's a wrap on all the recent
news highlights. It's always fascinating to see
how technology, finance, and creativity intersect
in our ever -evolving world. Stay tuned for more
updates on these exciting developments. aims
to make crypto more accessible to the mainstream.
They're all about blending Web2 and Web3, bringing
traditional internet technologies together with
blockchain innovation. In other news, we have
Beatport, the iconic electronic music platform,
making its debut on the Polkadot blockchain.
To celebrate, they're launching an NFT marketplace
and collaborating with Berlin -based photographer
Misha Fanghanel for a limited collection called
NAKTS. It's an exciting fusion of music, art,
and blockchain technology. Moving on, we have
EF Defense, a mobile strategy game hitting the
Ethereum scaling network. Developed by the creators
of the popular game Endless Fantasy, this game
is set to take the world by storm. Get ready
to strategize and defend your territory on the
blockchain. Next, we have Sazminning, a company
opening a new green Bitcoin mining facility in
Paraguay. They're tapping into the power of the
Itaipu Dam to ensure environmentally friendly
Bitcoin mining. Their new facility, set to go
live in September, will complement their existing
facility in the U .S. Now let's talk about stablecoins.
House Republicans are pushing for a bill to regulate
stablecoins, but Democrats don't think it goes
far enough. It's a debate about how to properly
oversee stablecoins, which play a crucial role
in the world of crypto. In a different story,
a Facebook group made up of former NatWest customers
is accusing the bank of unfair practices related
to crypto trading. They claim the bank has debanked
customers who engage in crypto trading and they're
seeking justice for what they believe is mistreatment.
Shifting gears, we have a fascinating development
in the fashion industry. MNTGE, a fashion brand,
is launching Ethereum -based NFTs that can be
redeemed for physical patches created by renowned
artists like Jen Stark, OSF, Nyan Cat, and Bored
Ape Yacht Club. It's a creative way to bridge
the digital and physical worlds. In other crypto
news, Grayscale, a well -known investment firm,
is suing the SEC over the denial of their request
to convert GBTC into a Bitcoin ETF. They argue
that the SEC should approve all Bitcoin ETFs
at the same time, rather than picking and choosing.
Now here's something intriguing. Andreessen Horowitz
is redefining companionship with AI. They're
working on creating tools that allow users to
build their own AI girlfriends or companions.
It's a fascinating concept that explores the
intersection of technology and human connection.
Next, we have the British Museum entering the
metaverse through the Sandbox, an Ethereum -based
virtual world. The museum plans to establish
an interactive space within the metaverse and
offer NFT collectibles. It's an innovative way
to engage with art and culture in the digital
realm. Maker, a decentralized finance protocol,
is making waves with its increasing exposure
to U .S. Treasury bills. Alongside a buyback
program for MKR tokens, this move is boosting
revenues and drawing attention to the protocol's
substantial $1 .73 billion T -bill stash. In
regulatory news, Binance, one of the largest
crypto exchanges, is accusing the CFTC of overreaching
its authority by enforcing US laws on overseas
activities. It's an ongoing battle between the
exchange and the regulatory agency. Now, let's
talk about a feuding situation between two crypto
firms, Genesis and FTX. FTX claims that Genesis
owes them a whopping $2 billion, while Genesis
insists they owe nothing. However, a joint letter
suggests they may have reached a settlement.
Drama and crypto never seem to be too far apart.
Our attention now turns to the Senate's defense
bill, which has attracted attention from the
crypto community. This bill includes provisions
that target crypto mixers and privacy coins.
It's an important development that highlights
the ongoing discussions around regulation and
privacy in the crypto space. And finally, let's
talk about Pavel Durov, the CEO of Telegram.
In a recent statement, he revealed that he personally
owns nothing except for Telegram, some bitcoins,
and Toncoin. Speaking of Telegram, the messaging
platform has reached impressive milestones. boasting
over 300 million users and gaining 2 .5 million
new registered users daily. With over 800 million
monthly active users, Telegram is a force to
be reckoned with. Now, let's take a trip down
memory lane. Remember 2013? Well, Bitcoin was
already making waves back then. Can you believe
it? Mining Bitcoin in 2013 was quite the adventure.
The cryptocurrency was still in its early stages
and enthusiasts were fascinated by the potential
of this groundbreaking technology. That wraps
up our crypto news for today. Thanks for tuning
in and we'll catch you next time with more exciting
updates from the world of cryptocurrencies. Stay
curious and keep exploring the fascinating world
of crypto. Did you know that Bulgarian authorities
own a whopping 213 ,000 bitcoins? Yes, you heard
that right. These bitcoins, which are valued
at approximately $6 billion, were seized from
a criminal group back in 2017. Talk about a major
bust, but that's not all. Recently, a Bitcoin
whale wallet that has been dormant for a staggering
11 years made a move. The owner of this wallet
transferred a jaw -dropping $37 .8 million worth
of Bitcoin. To put things into perspective, back
in April 2012, when this wallet was last moved,
the Bitcoin price was a measly $5 ,107. Can you
believe it? It just goes to show how much the
cryptocurrency market has grown over the years.
In other exciting news, Japan's prime minister,
Fumio Kishida, revealed that the country is actively
working towards creating a Bitcoin friendly environment.
He believes that fostering the growth of Bitcoin
and cryptocurrencies can completely transform
the internet as we know it. How amazing is that?
Japan, known for its technological advancements,
is now paving the way for Bitcoin adoption. Moving
on to the United States, presidential candidate
Robert F. Kennedy Jr. speaks out against the
financial system, arguing that it is designed
to benefit the wealthiest individuals while stripping
the middle class of their assets and equity.
It's a troubling statement that sheds light on
the economic disparities present in the country.
Shifting gears, we have an intriguing question
for you. What's your prediction for today's Federal
Reserve meeting? The expected interest rate is
5 .50%, while the previous rate was 5 .25%. It's
always fascinating to anticipate what decisions
and policies will be put forth by powerful institutions
like the Federal Reserve. Now let's dive into
the inevitable future of Bitcoin adoption. According
to Seifedean Ammous, the author of The Bitcoin
Standard, there is no doubt that Bitcoin will
be adopted worldwide. It's not just an option,
it's an absolute certainty. With the increasing
acceptance and recognition of cryptocurrencies,
it's only a matter of time before Bitcoin becomes
an indispensable part of our lives. Things are
starting to heat up in the crypto world. The
Department of Justice recently dropped campaign
finance charges against Sam Bankman Fried, a
notorious crypto scammer. This decision raises
important questions about the influence and accountability
of financial regulators. It's crucial to examine
how such actions can impact the perception and
trust in the financial system. On a different
note, the Dow Jones has experienced quite a run.
It has closed higher for 13 consecutive trading
days, a rare occurrence that has only happened
once in the last 100 years. It's a significant
milestone that highlights the market's current
momentum and suggests potential opportunities
for investors. Shifting our focus to Germany,
we see a concerning trend in their housing market.
Existing home prices have fallen by 13 .1 % year
on year in June, marking the largest decline
since October 2004. This follows a previous decline
of 11 .7 % year on year in May. It's a stark
reminder of the challenges faced by the real
estate sector and the potential impact on homeowners.
In conclusion, the crypto world continues to
make headlines with significant events and developments.
From Bulgaria's impressive stash of seized bitcoins
to Japan's push for Bitcoin adoption and even
the controversial actions of financial regulators,
there's never a dull moment. Meanwhile, the Dow
Jones shows its strength, while Germany's housing
market experiences a troubling decline. With
each new day, the financial landscape evolves,
and it's essential to stay informed and aware
of these changes. In the world of podcasting,
there's a fascinating and mysterious phenomenon
that's been reshaping the landscape of this audio
medium. It's called Nosterzaps, and it's gaining
traction among both podcasters and listeners.
In this episode, we're going to unravel the mystery
of Nosterzaps and explore the paradigm shift
brought about by value for value podcasts. Nosterzaps
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 take a different 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. They're no longer reliant
on the whims of advertisers, but rather free
to deliver authentic content and pursue their
passions. And 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. But Nostra's
apps are just one part of a larger movement in
podcasting known as value for value V4V podcasting.
This is a paradigm shift that puts 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. V4V podcasts recognize
that value can come not just in the form of financial
contributions, but also through engagement and
support, leaving a positive review, sharing episodes
with friends, or actively discussing the content
on social media are all valuable ways that listeners
can contribute to the success of a podcast. This
fosters a sense of community and participation,
creating a loyal and dedicated fan base that
drives the growth and sustainability of the show.
While Noster's apps represent a novel approach
to podcast sponsorship, it's important to understand
the true value exchange. It goes beyond just
monetary contributions. Nostra's apps are a tangible
expression of the appreciation and support that
listeners have for the podcast and its host.
They represent the meaningful impact that podcasts
have on listeners' lives and 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. So what does this mean for
the future of podcasting? Noster'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 that's true to their vision, and
they've fostered a loyal fan base in the process.
But it's not just about the podcasters themselves.
Listeners are also given the opportunity to actively
engage, support, and contribute to the podcasts
they cherish. This mutual exchange of value creates
a more collaborative and equitable future for
podcasting. As the podcasting landscape continues
to evolve, Nostra's apps and V4V podcasts are
leading the way. They are reshaping the relationship
between creators and listeners, fostering a deeper
connection and appreciation for the medium. and
it's through the support of listeners like you
that these podcasts can continue to thrive. So
whether you're a podcaster or a listener, consider
the value exchange that's happening in the world
of podcasting. If you love a podcast, show your
support by contributing in whatever way feels
right to you. Whether it's a financial contribution,
leaving a review, or simply sharing the show
with your friends, your support matters. Together,
we can create a podcasting community that values
and supports the incredible content being produced.
So let's continue to embrace Nostr's apps and
the value for value model to ensure a bright
and collaborative future for podcasting. And
remember, you can support us on fountain .com,
NostrBuild, Spotify, Amazon Music, RSS .com,
Pandora, Samsung podcasts, Apple iTunes, and
many more platforms by adding a like, share,
or subscribing to the Bitcoin Street Journal.
Thank you for listening and for your tremendous
support. Bitcoin ownership by Bulgaria and the
impact of Nostra's apps and value for value podcasts
on podcasting. Thanks for listening to today's
episode. I'll see you guys at the next one and
don't forget to subscribe.