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 Start9 support being removed
for Bitcoin proxy service, the impact of Litecoin's
halving on its price, Ripple discussing SEC rulings,
Bitcoin danger signals, a variety of news related
to NFTs, the potential launch of Ethereum futures
ETF, AI advancements, medical breakthroughs,
the challenges of advertisement funded news and
paywalls, the reshaping of podcasting with platforms
like Nostra's apps and value for value, and the
call to support the Bitcoin Street Journal on
various platforms. So there's been some interesting
updates in the world of cryptocurrencies that
I wanted to share with you all. First, let's
talk about Bitcoin. Start9 support recently stated
that the Bitcoin Proxy service was actually preventing
Core from starting. They mentioned that the latest
version of Core makes Proxy unnecessary saying,
Proxy doesn't provide much value after the latest
Bitcoin Core release. For this reason, it was
removed from our marketplace. It's good to know
that uninstalling Proxy solved the issue and
Core restarted just fine. Moving on to some other
news, it seems that Coinbase shitcoiner operator
has responded to Twitter Jack. the conversation
centered around the 200 -week moving average
and its relevance to Bitcoin. It's fascinating
how different people have their own take on these
indicators and what they mean for the future
of cryptocurrencies. Also, there's some interesting
correspondence between Seifedean and Hart in
2019. I'm not exactly sure what they were discussing,
but it's always intriguing to delve into conversations
between notable figures in the crypto space.
Shifting gears a bit, There was a post recently
about interest expense, tax receipts crashing,
and the escalating deficit. It's concerning to
hear that the deficit this year will be multiple
trillions, especially since there's no debt ceiling
and no indication of reduced government spending.
It seems that we're in for a debt spiral that
will only accelerate. Now let's talk about the
evolving sentiment towards Bitcoin. Even though
there's some disagreement about the overall ESG
framing, It's evident that there is a shift in
sentiment occurring within institutions around
Bitcoin. It's worth exploring this further. And
if you're interested, there's more information
and a source document from KPMG available at
the provided link. On a more practical note,
there's a platform called Nostr that allows you
to get on and start using it within just 60 seconds.
With Nostr, you can easily send and receive Bitcoin
to anyone in the world instantly using the Lightning
Network. It's pretty amazing how technology is
making Bitcoin more accessible and efficient
for everyday use. Now let's move on to the media's
assault on Bitcoin. It seems that there's an
ongoing campaign against it, which raises questions
about the motives behind these attacks. There's
a need to unravel the truth behind these narratives
and understand the bigger picture. I'm curious
to hear your thoughts on this matter. Shifting
our attention to Litecoin, LTC, there's been
some interesting developments surrounding its
recent halving event. It appears that the price
of LTC has taken a hit after the halving, leading
to a sell off by investors. This has caused panic
among many, as indicated by the surge in social
dominance. This recent price dip of Litecoin
post halving has piqued our interest. It raises
the question of whether this could be a foreshadowing
of what awaits Bitcoin when it goes through its
halving event in 2024. It's definitely something
to keep an eye on. Taking a closer look at the
numbers. Litecoin's price saw a noticeable 6
% drop after its halving event. In contrast,
Bitcoin's price tends to rise shortly after its
own halvings. For example, in July 2020, Bitcoin's
price surged to more than $12 ,100 USD after
hitting a low of $3 ,858 USD earlier that year.
This brings up discussions within the crypto
community about whether history will repeat itself
or if we're in for a different outcome this time.
Speaking of Bitcoin, there's been quite a bit
of speculation around its price prediction. It's
always interesting to see how different experts
and analysts forecast the future of Bitcoin.
There are various factors and indicators that
they take into consideration, and it's worth
paying attention to these predictions to get
a sense of where the market might be heading.
In addition to Bitcoin, there are other cryptocurrencies
generating buzz. Cardano, ADA for instance, is
currently at a critical support level. and many
are expecting a massive move in the near future.
There are three key things to watch when analyzing
the price of Cardano. Understanding these factors
can provide valuable insights into the potential
direction of ADA. On the other hand, WorldCoin
activities have been suspended in Kenya due to
data privacy concerns. It's important to ensure
that cryptocurrencies and the platforms supporting
them uphold the necessary standards when it comes
to user data privacy and security. This incident
serves as a reminder of the importance of robust
privacy measures. Lastly, let's talk about SHIB.
There's been speculation about whether it has
the potential to explode higher in terms of its
price. To fully understand this situation, it's
important to stay informed about developments
and factors that could contribute to SHIB's growth
or decline. Knowledge is key in navigating the
complex and ever -evolving world of cryptocurrencies.
That wraps up our discussion for today. I'd love
to hear your thoughts on any of these topics.
Feel free to share your opinions and insights.
Hey there, today we've got some interesting news
to share with you. Let's dive right into it.
So you must be wondering how much XRP Ripple
Labs actually has, right? While the company actually
addressed this question in their Q2 report, it's
always good to have some transparency, especially
in the crypto world. Moving on, it seems like
there's a signal that hasn't been seen since
February 2018. What does this mean? Is Bitcoin
in danger? There's been some analysis on the
Bitcoin price and experts are keeping a close
eye on the situation. We'll have to wait and
see how things unfold. In other news, there's
a claim going around that SVF shouldn't be detained
for leaking details from Ellison's diary. Lawyers
are backing this claim stating that the basis
for revoking bail is extremely thin. It's definitely
a legal battle worth keeping an eye on. Next
up, we have Fitch ratings downgrading U .S. government
debt to AA+. This could have some implications
on the overall financial landscape, so it's something
to keep tabs on. But it's not all bad news. Bloomberg
is giving a boost to Bitcoin spot ETF approval
odds, now standing at 65%. They've got some reasons
to back up this prediction. So it's definitely
worth paying attention to. Switching gears, the
Bitcoin Ordinals team has launched a nonprofit
organization to support Bitcoin NFT developers.
It's always great to see the community coming
together and supporting each other. On the flip
side, GameStop has decided to terminate its crypto
wallet program due to regulatory uncertainty.
It's understandable why they would want to play
it safe, but it's disappointing news nonetheless.
In more positive news, crypto custodian Hextrust
is expanding its operations to France. They've
even gone ahead and registered with the DASP,
which is a great step for their growth. Now let's
talk about Litecoin. It recently underwent its
third halving, but unfortunately the price took
a hit and plunged 6%. We'll have to wait and
see if it bounces back in the coming days. Phew,
we've got quite a lot to cover today. Next up,
we have a close call. Binance's boss warned about
the latest crypto scam, ultimately saving $20
million. It's a reminder to always stay vigilant
and be cautious in the crypto world. Now, let's
take a look at the market. While Bitcoin is struggling
at around $1 .29k, there are some tokens that
are skyrocketing. It's an interesting observation
and it goes to show that the crypto market can
still surprise us. Speaking of tokens, let's
focus on Binance coin, BNB. Can it hold above
$230? This is an important question that many
are asking, and we'll break it down for you in
our analysis. Switching gears again, we have
some exciting news from Hong Kong. Hashkey Exchange
has become the first in Hong Kong to be awarded
a license to serve retail customers. It's a big
step for the crypto industry in that region.
Moving on, let's talk about large BTC addresses.
It seems like they've been on a buying spree
in the past three months. Why could this be?
We'll explore some theories and try to uncover
the reason behind it. And here's something interesting.
There's been a weird signal lately. The five
day volatility of Bitcoin has shown an inversion
with Wall Street. What could this mean for BTC?
It's definitely an anomaly worth investigating.
Now, before we wrap things up, we wanted to ask
if you've seen the survey making the rounds.
It seeks to find out whether Bitcoin will reach
its all time high of $69 ,000 in 2023. It's definitely
an intriguing question, and we've even made a
video discussing this topic. Be sure to check
it out. Lastly, there's been some buzz around
Sam Altman's WorldCoin project. It seems some
people are skeptical and recommending to avoid
it at all costs. We'll let you be the judge on
that one. That's all for today's news roundup.
We hope you found these updates informative and
interesting. Stay tuned for more exciting news
in the world of cryptocurrencies. See you next
time. In former East Berlin, there's an interesting
development happening with Sam Altman's Worldcoin.
They are now using Iris scanning technology to
provide tokens, all while being closely monitored
by European privacy watchdogs. It's definitely
an innovative approach, and we'll have to see
how it plays out in terms of privacy and security.
Speaking of cryptocurrencies, Litecoin recently
had its third halving. This event can have significant
implications for the value and future of Litecoin.
so it's something worth keeping an eye on. However,
at the moment, things haven't been looking too
favorable for Litecoin, as it has been facing
some challenges following its recent resurgence.
The gaming industry is also embracing blockchain
technology. Bandai Namco Research, along with
its partners, has launched an AI virtual pet
game on the Oasis blockchain. They join other
notable publishers such as Ubisoft and Sega in
exploring the potential of non -fungible tokens.
NFTs in gaming. It'll be interesting to see how
this trend unfolds and if it becomes a mainstream
phenomenon. In the world of cryptocurrencies,
Ethereum continues to make waves. There are several
high -profile Ethereum futures exchange traded
fund ETF applications currently under consideration.
If the SEC gives its approval, we might see the
first Ethereum futures ETF being launched as
early as October 2023. This would be a significant
development for Ethereum and the broader cryptocurrency
market. Amazon Prime is also stepping into the
world of NFTs. Prime subscribers now have the
opportunity to download a free polygon NFT and
in -game currency for Mojo Melee. It's a move
that reflects the growing interest in NFTs and
their integration into various industries, including
gaming. Turning to legislation, a bill has been
proposed in New York to protect writers and actors
from being replaced by artificial intelligence,
AI. Both state and federal legislators are recognizing
the need to safeguard jobs from the potential
threat posed by AI. It's an important step towards
ensuring that human workers are not left behind
in the face of advancing technology. Investments
in AI are expected to soar globally. reaching
up to $200 billion by 2025, according to a report
by Goldman Sachs. The potential impact of AI
is compared to groundbreaking technological advancements,
such as the discovery of electricity and the
arrival of personal computers. It's a testament
to the transformative power of AI and its increasing
influence in various sectors. Coinbase, one of
the most prominent cryptocurrency exchanges,
has been adapting its revenue model since its
initial public offering. IPO. One significant
development for Coinbase has been its agreement
with Circle, the issuer of the USDC stablecoin.
This partnership has proven to be beneficial
for Coinbase, particularly as interest rates
continue to rise. It's an example of how cryptocurrency
exchanges are evolving in response to market
dynamics. Finally, we have some political news
related to cryptocurrencies. Politicians such
as Elizabeth Warren and Bernie Sanders are demanding
a crackdown on crypto tax evaders. The IRS and
the Treasury are facing a deadline to address
the issue and there seems to be a growing impatience
among Democrats. It's an ongoing discussion that
highlights the challenges of regulating and overseeing
the cryptocurrency industry. And that concludes
our roundup of recent developments in technology,
cryptocurrencies, and AI. It's an ever -evolving
landscape and we'll continue to keep you informed
about the latest trends and news. Stay tuned
for more exciting updates. In the ever -evolving
world of technology and innovation, AI startup
InWorld has made a significant breakthrough.
The company recently secured $50 million in funding
to revolutionize the creation of video game characters.
With their groundbreaking technology, they have
already made waves in the gaming industry by
enhancing the non -playable characters, NPCs,
in popular games like Skyrim and Grand Theft
Auto V. This infusion of funds will undoubtedly
fuel their mission to create even more realistic
and life -like characters in the gaming world.
In a remarkable medical advancement, a quadriplegic
man has defied the odds and regained movement
and sensation with the help of artificial intelligence.
The breakthrough came after a medical team successfully
performed a double neural bypass. This incredible
feat demonstrates the power of AI in transforming
lives and overcoming seemingly insurmountable
challenges. It opens up new avenues for paralyzed
individuals to regain control over their bodies
and experience the world in ways they never thought
possible. Nifty's, despite its name brand and
notable NFT deals, recently made headlines for
an unexpected reason. The company abruptly shut
down, sending shockwaves through the digital
art world and leaving many wondering what led
to such an abrupt end. Despite a star -studded
launch and a recent shift towards the Web3 movement,
Nifty's was unable to sustain its operations.
This serves as a reminder that even in a rapidly
evolving industry, success is not guaranteed,
and startups must navigate through various challenges
to thrive in the long term. The Australian Securities
and Investments Commission, ASIC, has taken trading
platform eToro to court over concerns about high
-risk trading products. The regulatory watchdog
is scrutinizing the appropriateness of eToro's
target market for its contract for difference,
CFD, products. This legal action highlights the
importance of proper regulation and consumer
protection in the ever -expanding world of online
trading. As the industry continues to evolve,
it becomes crucial for financial institutions
to ensure the suitability of their products for
their target audience. In the world of cryptocurrency
trading, popular platform Robinhood experienced
a significant drop in its crypto trading revenue.
This decline can be attributed to the company's
decision to discontinue support for certain tokens.
These tokens were deemed securities by the Securities
and Exchange Commission, SEC, leading Robinhood
to make the necessary adjustments. This development
serves as a reminder that the crypto market is
constantly evolving, and companies must navigate
regulatory complexities while ensuring compliance
to protect their users. The decentralized finance,
DeFi, sector experienced a bearish week due to
a significant hack on curve finance. This decentralized
exchange one of the largest in the industry,
fell victim to an attack, triggering a negative
pullback across the DeFi sector. This incident
highlights the vulnerability and risks associated
with DeFi protocols. As the popularity of DeFi
continues to grow, it becomes essential for developers
and users alike to prioritize security measures
to safeguard their investments and ensure the
stability of the entire ecosystem. In conclusion,
the world of technology and finance is a dynamic
and ever -changing landscape. AI startups like
InWorld are pushing the boundaries of what is
possible in video game development, creating
more immersive experiences for gamers. Medical
breakthroughs, such as the use of AI in paralysis
treatment, demonstrate the potential of technology
to transform lives. Meanwhile, The closure of
NFTs and legal actions against Etoro emphasized
the challenges and risks faced by startups and
the importance of regulation in protecting consumers.
Lastly, the crypto market and DeFi sector experience
fluctuations and vulnerabilities, underscoring
the need for continuous adaptation and security
measures in this rapidly evolving space. Have
you ever noticed that in the 21st century, we've
encountered some problems with advertiser funding
of news? It's become quite evident that this
model has its downsides. However, in our earnest
efforts to address these issues, we seem to have
stumbled upon another challenge, the rise of
paywalls that hide news articles behind a price
tag. It's a complex dilemma, isn't it? On one
hand, we want to ensure that information is accessible
to the masses, but on the other hand, journalists
need to find a way to sustain their livelihoods,
but fear not, because there might be a solution
to this conundrum. Have you heard of Bitcoin,
the lightning network, and the revolutionary
concept of value for? Value? These innovative
technologies and ideas have the potential to
fix the problems we face in the news industry.
Let's start with Bitcoin. This digital currency
has been making waves in recent years and for
good reason. Bitcoin is decentralized, meaning
it isn't controlled by any central authority
or government. This aspect alone has significant
implications for the news industry. With Bitcoin,
journalists and news organizations can accept
direct payments from their readers without the
need for intermediaries. By cutting out the middlemen,
they can retain full control over their content
and financial transactions. Now let's talk about
the Lightning Network, which is a second layer
solution built on top of the Bitcoin blockchain.
The Lightning Network aims to overcome Bitcoin's
scalability limitations by enabling faster and
cheaper transactions. This technology could revolutionize
the way we pay for news. Imagine a system where
readers can make micro payments to access individual
articles. Instead of paying for a monthly subscription,
you only pay for the specific content you consume.
This allows news consumers to have more control
over their spending and ensure that their money
directly supports the journalists and news outlets
they value. And then we have value for value.
This concept was popularized by podcasting pioneer
Adam Curry and podcaster John The idea behind
value for value is simple yet incredibly powerful.
It suggests that content creators should be compensated
directly by their audience based on the value
they provide. In the context of the news industry,
this means readers can determine the worth of
an article and contribute accordingly. If an
article resonates with readers and they find
it valuable, they can show their appreciation
through donations or micropayments. This creates
a direct connection between journalists and their
audience, empowering both sides and fostering
a more sustainable news ecosystem. So how can
these solutions be implemented in practice? Well,
it would require a collective effort from all
stakeholders involved. News organizations would
need to embrace cryptocurrencies like Bitcoin
and integrate Lightning Network support into
their platforms. This would enable readers to
make seamless, instant, and low -cost micro payments
for the articles they want to access. Additionally,
implementing a value -for -value model would
involve creating platforms or tools that allow
readers to contribute based on the value they
perceive in a particular article or news outlet.
Of course, implementing these changes won't be
without its challenges. There would be questions
around privacy, security, and ensuring that the
system remains fair and accessible to all. However,
these obstacles should not discourage us from
exploring these possibilities. The very nature
of cryptocurrencies, built on the principles
of decentralization and transparency, provides
a solid foundation on which to build a more equitable
news ecosystem. Furthermore, embracing Bitcoin,
the lightning network, and value for value would
not only solve the paywall problem, but could
also enable greater financial independence for
journalists. It would free them from the chains
of reliance on advertisers and allow them to
focus on producing quality content that truly
serves the public interest. In conclusion, the
news industry is facing challenges in sustaining
financial viability while ensuring information
reaches the masses. However, by leveraging technologies
like Bitcoin, the lightning network, and embracing
innovative concepts like value for value, we
can potentially find solutions. These solutions
would empower journalists, foster direct connections
with their readers, and create a sustainable
news ecosystem driven by the value readers place
on the content they consume. It's an exciting
time for the news industry as we explore new
frontiers and reimagine how news is funded and
delivered in the 21st century. Bitcoin, Lightning
Network, and Value4. Value have the potential
to fix the issues plaguing the world of podcasting.
In recent years, a new and fascinating phenomenon
has emerged, completely reshaping the podcasting
landscape. This phenomenon is known as Nosterzaps,
and it has been gaining significant traction
among both podcasters and listeners. Nosterzaps
are a unique form of podcast sponsorship that
has revolutionized the traditional advertising
model. Let's delve into the intricacies of Noster's
apps and explore the paradigm shift brought about
by value for value podcasts. So what exactly
are Noster's apps? Imagine a scenario where podcast
listeners voluntarily contribute directly to
the podcasters to show their appreciation for
the value they receive from their favorite shows.
Noster's apps embrace this concept fully. Unlike
traditional podcast sponsorships where advertisers
pay podcasters to promote their products or services,
Nostra's apps empower listeners to support the
podcasters directly. This innovative sponsorship
model allows podcasters to maintain their creative
independence while fostering a deeper connection
with their audience. With Nostra's apps, podcasters
are no longer at the mercy of advertisers. They
are free to deliver authentic content and pursue
their passions without any external pressures.
This newfound freedom enables podcasters to create
content that truly resonates with their audience.
On the other hand, listeners feel a sense of
ownership over the shows they support. They know
that their contributions directly contribute
to the longevity and growth of their favorite
podcasts. This creates a stronger bond between
podcasters and their audience, fostering a more
loyal and dedicated fan base. Now let's shift
our focus to value for value, V4V podcasting.
V4V podcasts represent a paradigm shift in the
podcasting world, placing the value exchange
between podcasters and listeners at the forefront.
In the traditional model, listeners passively
consume content without any direct involvement.
But with V4V podcasting, 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.
Listeners have the opportunity to contribute
financially, but they can also engage and support
the podcast in other ways. This can include leaving
positive reviews, sharing episodes with friends,
or actively discussing the content on social
media. By actively participating and engaging
with the podcast, listeners become an integral
part of its success. V4V podcasts create a sense
of community and participation. Listeners feel
a closer connection to the podcast and its creators,
knowing that their contributions directly impact
the growth and sustainability of the show. This
reciprocal relationship nurtures a loyal and
dedicated fan base that drives the growth of
the podcast. But what is the true value exchange
in Noster's apps and V4V podcasts? It's not just
about monetary contributions. Noster's apps go
beyond financial transactions. They serve as
a tangible expression of the appreciation and
support that listeners have for the podcast and
its host. Noster's apps are a testament to the
meaningful impact podcasts have on listeners'
lives. By voluntarily contributing to a podcast,
listeners are acknowledging the significant value
that the content and experiences delivered through
these shows hold. It's not just about transactional
value. It's an emotional connection and appreciation
for the creators and the community they have
nurtured. In conclusion, Noster's apps and V4V
podcasting have completely revolutionized the
traditional sponsorship model in podcasting.
These phenomena have empowered podcasters to
create content true to their vision and have
fostered a dedicated and 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, Nostra's apps and V4V podcasts pave
the way for a more collaborative and equitable
future. Gone are the days of podcasters solely
relying on advertisers for support. Now, podcasters
and listeners can have a direct and mutually
beneficial relationship fueled by the passion
for valuable content. So, embrace the power of
Nostra's apps, engage with V4V podcasts, and
be a part of this exciting new era in podcasting.
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an episode. Happy Bitcoining! Thanks for listening
to today's episode where we discuss the latest
updates in the crypto world, including the removal
of Start9 support for Bitcoin proxy service,
the impact of the LTC having on its price, Ripple's
response to the SEC ruling, the US debt downgrade,
and exciting developments like Worldcoin's iris
scanning for tokens, and Bandai Namco's virtual
pet NFT game. We also touched on important topics
such as the protection of writers and actors
from AI. the future of AI investments, and the
demands for crackdown on crypto tax evasion.
Plus, we covered significant news in the tech
industry, like Inworld's funding, medical breakthroughs
for quadriplegics, Nifty's shutdown, eToro's
legal battle, and the decline of Robinhood's
crypto trading revenue. Lastly, we explored the
challenges and solutions in the news and podcasting
landscape. Stay updated by subscribing to our
podcast. and I'll see you guys at the next one.