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 orange pill apps securing
$250K funding, New York jail conditions criticism,
stagnant Bitcoin price, ADA holders remaining
unfazed, uncertain Fed interest rate cuts, Fidelity's
crypto question, Javier Millet winning elections
in Argentina, creator of PGP joining Plan B forum
as a speaker, Javier Millet explaining how Bitcoin
counters central bank scams, Bitcoin loving far
right candidate favored for Argentine presidency,
significant inflows in Bitcoin funds, Chainlink
integrating with Coinbase's Layer 2 network,
Coinbase expanding to Canada, Joe Rogan avoiding
Bitcoin controversy, on -chain spending for Bitcoin
hitting all -time low, campaign contribution
accusations against SVF resurfacing, altcoins
performing well alongside Bitcoin, Bitcoin struggling
to surpass $1 .29k, Europe launching the first
BTC ETF with ESG focus, the lawsuit being dropped
against a crypto sleuth, FDIC highlighting crypto
risks, scalar immutable ZikiVM testnet being
launched, Netflix entering the gaming market,
SingularityNet COO discussing progress towards
singularity, CryptoCustodian Prime Trust filing
for bankruptcy, Binance seeking protective order
against SEC, and Europe launching the first Bitcoin
ETF. Additionally, we'll explore the Nostra's
Apps podcast sponsorship model and the value
for value. V4V podcasting concept that fosters
engagement, support, and a collaborative and
equitable future. Have you heard the exciting
news? The Orange Pill app just secured a massive
$250k in pre -seed funding. It's incredible how
this unique platform is already connecting users
in 71 countries. But trust me, they're only scratching
the surface of what they can achieve. The potential
here is enormous. Shifting gears, let's dive
into some Bitcoin price analysis. The bears are
targeting $28 ,500 as the price seems to be struggling
to push past the $1 .30k mark. Currently, the
price is consolidating near a crucial support
area that includes both the 100 -day moving average
and the lower boundary of a multi -month ascending
channel. So, it's definitely at a pivotal point
right now. Moving on to Cardano, ADA. It seems
like the large ADA holders are staying calm despite
the underwhelming price performance. They believe
that a bull rally could be on the horizon. It's
interesting to see their confidence in the long
-term potential of ADA. Now let's take a look
at the Federal Reserve and their plans for interest
rate cuts. According to economists at Goldman
Sachs, they're penciling in 25 basis points of
cuts per quarter. However, They're uncertain
about the pace at which these cuts will occur.
It's always interesting to see the predictions
and speculations surrounding the actions of the
Fed. Shifting gears once again, let's talk about
Fidelity and their engagement with the crypto
community. Fidelity recently asked its followers
to choose a new bill. And guess what? Half of
the replies were crypto related. It's clear that
the crypto community is eager to make their voices
heard and showcase the importance of digital
currencies. Lastly, let's head over to Argentina,
where BTC supporter Javier Millet has won the
primary presidential elections. It's fascinating
to see the impact and influence of Bitcoin enthusiasts
in the political landscape. It's a significant
win for the crypto community in Argentina. Well,
that's it for today's episode. We covered a lot
of ground from the Orange Pill app's funding
success to the horrible conditions at the MDC.
We also delved into Bitcoin price analysis, Cardano's
potential rally, the Fed's interest rate plans,
Fidelity's crypto engagement, and Bitcoin's influence
on the political stage in Argentina. Stay tuned
for more exciting news and analysis in the next
episode. Hey folks, we've got some exciting news
for you. Philip Zimmerman, the creator of PGP
and associate professor emeritus at TU Delft,
is officially joining the Plan BTC Forum 2023
as a speaker. Now that's definitely a reason
not to miss the event of the year happening on
October 20th, 21. So make sure to grab your tickets
before they run out at planb .lugano .hplanbforum.
Now let's dive into some intriguing insights
about Bitcoin and its impact on the financial
world. You won't believe what Javier Millet has
to say about central banks. According to him,
they're nothing but scammers. But fear not, Bitcoin
comes to the rescue offering a way for people
to opt out of these scams and reclaim ownership
of their money. Javier passionately claims Bitcoin
is the natural reaction against the central bank
scammers and to make money private again. Credit
goes to DCA Bitcoin for bringing this to our
attention. Check them out on Twitter at Twitter
.com slash DCA underscore. Bitcoin underscore
dot next up. We have Paolo Arduino, the CSO of
Keat and co -founder of Hole Punch, giving us
the lowdown on Keat .io technology and its future
development. If you're interested in staying
updated with the latest advancements in this
field, head over to Keat .io for more information.
In other news, we've just hit a major milestone
in the Bitcoin world. The percentage of Bitcoin
supply held by long -term holders has crossed
the 75 % mark. This means that soon there might
not be any more Bitcoin available for purchase.
Can you imagine that? Brace yourselves, my friends.
We could be facing a scarcity situation soon.
Kudos to Will Clemente for sharing this news.
Find him on Twitter at Twitter .com slash W Clemente
dot. He's got some great insights. Shifting our
focus to the Fed, Goldman Sachs has expectations
for the central bank. They foresee the Fed pausing
rate hikes in September and gradually starting
to lower them by the end of June 2024. It's always
interesting to keep an eye on these predictions
and see how they pan out. Now, let's talk about
an interesting conversation that unfolded on
national television. Did Joe Kernan, yes, that
Joe Kernan imply that young investors should
consider buying Bitcoin over bonds? It's hard
to believe, but he did mention it. However, let's
take it with a grain of salt since he later clarified
that he was sort of kidding. Oh, Joe, you tricky
one. Have you ever wondered about the journey
of a plebs Bitcoin DCA dollar cost averaging
strategy? Well, here's a fascinating story for
you. This individual has been stacking 500 euros
per month since 2017 and has accumulated a whopping
four point three nine BTC. That's quite impressive.
His total investment so far amounts to thirty
eight thousand euros, meaning he bought each
coin at an average of eight thousand seven hundred
euros. Remember, slow and steady wins the race,
my friends. In case you missed it, Fundstrap
made an interesting prediction just five days
ago. They claimed that if a Bitcoin ETF exchange
traded fund were to be approved, it could potentially
drive the price of Bitcoin to a crazy one hundred
eighty thousand dollars per coin. Now that's
some serious growth potential. Let's keep our
eyes on this one. Shifting gears, let's hear
from Samson Mao about the liquid network and
its role in driving Bitcoin's adoption. He explains
that it serves as a financial layer anchored
to Bitcoin, contributing to its widespread acceptance.
It's always fascinating to see how different
innovations and developments contribute to the
overall growth of the Bitcoin ecosystem. In Argentina,
Bitcoin has achieved yet another milestone. It
has officially surpassed 10 million Argentinian
pesos in value, showcasing the impact of hyperinflation
on the local currency. One new all -time high
after another, demonstrating the true power of
Bitcoin during times of financial instability.
Finally, let's take a closer look at the Australian
crypto landscape. According to the Australian
Financial Crimes Exchange, a significant portion,
47 % to be precise, of scam funds in Australia
are being sent to crypto exchange accounts. Surprisingly,
this includes several leading Australian banks.
It's important to stay vigilant and be aware
of the risks associated with scams in the crypto
space. That's it for today's roundup of fascinating
Bitcoin news and insights. Stay tuned for more
updates and remember to stay informed and make
wise investment decisions. Take care, folks.
It seems that a Bitcoin -loving far -right candidate
in Argentina has the best chance of becoming
the next president, according to some recent
results. It's fascinating to see how Bitcoin's
popularity can extend into the political realm.
Speaking of Bitcoin popularity, there has been
a significant influx of funds into Bitcoin -related
investments. Just recently, Canada's purpose
Bitcoin ETF and Switzerland's 21 shares AG, saw
the majority of these funds flowing into their
specific funds. With millions of dollars pouring
in, it's clear that Bitcoin continues to capture
the attention of investors. In other news, Chainlink,
a decentralized Oracle network, has completed
its integration with Coinbase's Layer 2 network
base. This integration has been a success, as
the total value locked in base has exceeded $200
million in less than a week since its Maynet
launch. This achievement highlights the growing
importance and adoption of decentralized technologies
in the cryptocurrency space. Coinbase, the well
-known cryptocurrency exchange, is also making
moves in its global expansion plans. Recently,
they entered the Canadian market with the company
expressing its satisfaction with the collaboration
between Coinbase and Canadian regulators. This
successful collaboration has led to the rollout
of Coinbase's services in Canada, providing more
opportunities for Canadian cryptocurrency enthusiasts.
Now let's shift our attention to Joe Rogan. You
might be wondering why the popular podcast host
hasn't focused on Bitcoin in his shows. Well,
it's not because he's not interested. In fact,
he simply doesn't want to invite more controversy
into the mix. While Rogan is known for his open
-minded discussions, it appears that he's choosing
to avoid the potential debates and disagreements
that can arise when discussing Bitcoin. Meanwhile,
it seems that on -chain investor activity for
Bitcoin and other altcoins has hit an all -time
low. This essentially means that the level of
spending and movement of funds within the crypto
space is currently at a deep slumber. It's an
interesting trend to observe and could possibly
indicate a period of consolidation or anticipation
for future market movements. Shifting gears once
again, let's talk about some campaign contribution
accusations that have resurfaced. SBF, a prominent
figure in the cryptocurrency industry, has been
accused of using other FTX C -suite members to
bypass donation limits. Newly published documents
shed light on these allegations and raise questions
about the transparency of campaign funding in
the crypto world. Lastly, while Bitcoin has been
hovering around the $29 ,000 mark, some altcoins
have been experiencing significant surges in
value. It's worth noting how the overall market
can have various dynamics, with certain altcoins
outperforming Bitcoin during specific periods.
This dynamic nature keeps the cryptocurrency
market captivating and full of opportunities.
That wraps up our overview of recent news in
the Bitcoin and cryptocurrency realm. As always,
stay tuned for more exciting developments in
this ever -evolving industry. Bitcoin is making
attempts to surpass the $1 .29K mark, but it
hasn't been successful yet. It's quite interesting
to see that some altcoins have managed to do
so while Bitcoin struggles. In a notable development,
the first spot Bitcoin ETF has been launched
in Europe with an intriguing twist. This will
enable institutional investors to enter the Bitcoin
ecosystem while aligning with their environmental,
social and governance ESG goals. It's a win -win
situation as it allows investors to explore the
world of digital assets while also meeting their
sustainability objectives. Moving on. There's
been some drama in the crypto world as crypto
sleuth Zach XBT avoids a lawsuit after retracting
his claims against an NFT trader. Jeffrey Machi
Big Brother Huang decided to withdraw his defamation
suit only after Zach XBT softened his published
accusations. It's always interesting to see how
disputes in the crypto space unfold and are resolved.
In another significant development, the FDIC,
Federal Deposit Insurance Corporation, has highlighted
the novel and complex risks associated with cryptocurrencies
in its annual review. This is the first time
the bank regulator has dedicated a section specifically
to digital assets in its regular risk report.
With cryptocurrencies gaining more attention
from regulatory bodies, it's crucial to address
the unique risks involved in this evolving space.
A controversial allegation from the Justice Department
claims that Sam Bankman Fried a prominent figure
in the crypto industry, used $100 million in
stolen cash for political donations. It is alleged
that he utilized client funds to influence cryptocurrency
regulation. Such allegations can have a significant
impact on the reputation of individuals and the
industry as a whole. Shifting gears, let's talk
about the exciting developments happening in
the world of Ethereum. ImmutableSkeviem, a Layer
2 scaling solution, has launched its testnet.
This development brings advancements to the Ethereum
network, providing opportunities for various
games to be built on it. From strategy games
to shooters, there are five notable NFT games
coming to the network that are poised to attract
gamers and enthusiasts alike. The world of blockchain
gaming continues to expand and innovate. In a
surprising move, streaming giant Netflix has
entered the world of video game streaming. This
development has the potential to revolutionize
the gaming industry even further. With Netflix's
extensive user base and widespread accessibility,
the on -demand streaming of games on various
devices could bring about a new era in gaming.
The convergence of entertainment mediums continues
to reshape industries. Lastly, the idea of achieving
the singularity, a hypothetical future event
where AI surpasses human intelligence, is an
intriguing concept. According to Singularity
Net's COO Janet Adams, the arrival of this pivotal
moment for civilization may occur ahead of schedule.
The progress we have witnessed in AI has been
remarkable, and it raises questions about the
future trajectory of technology and its impact
on society. In conclusion, the crypto space is
filled with ongoing developments, controversies,
and innovations. We see efforts to bridge the
gap between traditional finance and digital assets
with the launch of the first spot Bitcoin ETF
in Europe. The industry faces challenges as regulators
address the complexities involved in cryptocurrencies.
Meanwhile, the world of gaming continues to evolve
with the introduction of NFT based games and
Netflix's foray into video game streaming. Lastly,
technological advancements in AI bring us closer
to the possibility of achieving the singularity.
The ever changing landscape of these industries
ensures that there is always something exciting
on the horizon. Hey there, I've got some interesting
news from the world of cryptocurrency for you.
So grab your coffee and let's dive right in.
First up, it seems that Crypto Custodian Prime
Trust has filed for bankruptcy. They've brought
in a former Bank of Nevada president to oversee
the Chapter 11 process. This could potentially
involve selling off all the remaining assets
of Prime Trust. It's definitely a tough situation
for them. Next, we have Binance US making a move
against the SEC. They're seeking a protective
order. claiming that the SEC's discovery requests
are going beyond what was originally agreed upon
in the consent order. Binance US is basically
saying, hey, let's not go on a fishing expedition
here. It'll be interesting to see how this plays
out. Now here's some exciting news. Jacoby Asset
Management has gone ahead and launched Europe's
very first Bitcoin exchange traded fund. Yeah,
you heard that right. This ETF is now live on
Euronext Amsterdam, beating the US to the punch.
It's a major step forward for the European market.
Hold on to your hats because we've got some drama
in the meme coin world. Rocket Swap, a popular
meme coin platform, has fallen victim to an $866
,000 exploit. Those sneaky hackers stole the
money and then transferred it back to Ethereum.
But here's the twist. They used the loot to create
their very own meme coin. Talk about turning
a theft into a meme. Moving on. Singapore's financial
regulator has issued some key requirements for
stable coin issuers. If stable coins are issued
outside of Singapore or are pegged to other currencies,
they'll still need to comply with the existing
token regulatory regime. It's all about keeping
things in check and ensuring stability in the
crypto world. Last but not least, we have a former
FTX executive taking a unique approach in a trial.
The co -CEO of FTX Digital Markets has decided
to decline testifying and is asserting his Fifth
Amendment rights. Yep, he's opting to remain
silent throughout the trial, invoking his constitutional
right against self -incrimination. It's definitely
an interesting move that's caught people's attention.
And there you have it, a roundup of some recent
happenings in the world of cryptocurrencies.
Stay tuned for more exciting updates in the future.
So how exactly do Noster's apps work? Well, it's
quite simple, really. Instead of relying on traditional
advertisements, Nostra's apps encourage podcasters
to establish a direct relationship with their
listeners. This means that instead of advertisers
paying podcasters to promote their products or
services, listeners themselves voluntarily contribute
directly to the podcasters. But why would listeners
want to do this? The answer lies in the value
they receive from the podcast they love. Nostra's
apps recognize that podcasters provide valuable
content to their audience. And in return, listeners
want to show their appreciation and support.
By contributing directly to the podcasters, listeners
not only help ensure the podcast's continued
existence, but also feel a sense of ownership
and pride in being part of the show's success.
This shift in sponsorship model has profound
implications for the podcasting industry. Gone
are the days when podcasters were at the mercy
of advertisers. No longer do they have to compromise
their creative vision or pander to the demands
of sponsors. Instead, they can focus on creating
authentic and engaging content that resonates
with their audience. The power is in their hands
and they can chart their own course. But it's
not just podcasters who benefit from this new
paradigm. Listeners also enjoy a more meaningful
and immersive podcast experience. When they contribute
to their favorite shows through Nostra's apps,
they become active participants in the podcasting
community. They understand that their support
directly fuels the growth and sustainability
of the podcast they love. It's a win -win situation
that fosters a deeper connection between podcasters
and their audience. Two, value for value podcasts,
redefining the podcasting dynamics. Nostra's
apps are closely tied to the concept of value
for value podcasts. This phrase coined by Adam
Curry and John C. Dvorak highlights the reciprocal
relationship between podcasters and listeners.
In this model, podcasters create valuable content
and listeners recognizing this value contribute
back to the podcasters in some form. This contribution
can take many forms from financial donations
to sharing episodes with others and leaving positive
reviews. But regardless of the specific form,
it all boils down to a simple premise. Podcasters
provide value and listeners reciprocate that
value. It's a fundamental shift in the dynamics
of podcasting, where the focus is no longer solely
on monetization, but on the exchange of value
between creators and consumers. Value for value
podcasts also challenge the notion that content
should be free. While many podcasts are indeed
available at no cost to the listener, this model
recognizes that valuable and engaging content
deserves compensation. It acknowledges that podcasters
invest considerable time, effort, and resources
into producing their shows. And just as listeners
benefit from the value they receive, they are
encouraged to contribute back to the podcasters,
ensuring the sustainability of the content they
love. This philosophical shift in podcasting
is resonating with both podcasters and listeners
around the world. It's a movement that celebrates
creativity, authenticity, and genuine human connections.
By embracing Noster's apps and value for value
podcasts, the podcasting community is redefining
the rules and paving the way for a more sustainable
and engaging future. In conclusion, Noster's
apps and value for value podcasts are revolutionizing
the podcasting landscape. No longer are podcasters
beholden to advertisers, but rather empowered
by the support of their listeners. No longer
are listeners passive consumers, but active participants
in the success of their favorite shows. Through
Nostra's apps, podcasters can maintain their
creative independence and deliver authentic content
that resonates with their audience. And through
value for value podcasts, listeners can show
their appreciation and support by contributing
to the growth and sustainability of the shows
they love. So whether you're a podcaster looking
for a new way to connect with your audience or
a listener wanting to actively support your favorite
shows, consider exploring the world of Nostra's
apps and value for value podcasts. It's a journey
that celebrates the true essence of podcasting
and the power of genuine human connections. Value
for value, V for V. Podcasting is an exciting
paradigm shift that has brought about a new way
of exchanging value between podcasters and listeners.
In this model, the emphasis is placed on the
value that listeners derive from a podcast, and
they are encouraged to make contributions based
on this perceived value. This unique arrangement
not only allows for a fairer distribution of
resources, but also rewards content creators
for their hard work and talent. The beauty of
V4V podcasts lies in the fact that listeners
are prompted to contribute in various ways, not
just financially. While financial contributions
are certainly appreciated and can help sustain
the podcast, engagement and support from the
audience are equally crucial. By leaving positive
reviews, sharing episodes with friends, or actively
discussing the content on social media, listeners
become an integral part of the podcast's success.
This sense of community and participation nurtures
a loyal and dedicated fan base, driving the growth
and sustainability of the show. Now let's dive
a little deeper into the concept of Noster's
apps. Noster's apps represent a unique approach
to podcast sponsorship, one that goes beyond
mere financial support. Instead, they serve as
a tangible expression of listeners' appreciation
and support for the podcast and its host. Nostra's
apps demonstrate the profound impact that podcasts
can have on people's lives. They signify that
the content and experiences delivered through
these shows hold significant value and deserve
recognition. The value exchanged through Nostra's
apps is not just transactional. It represents
an emotional connection and genuine appreciation
for the creators and the community they have
built. By prioritizing the direct connection
between podcasters and listeners, Noster's apps
and value -for -value podcasting have revolutionized
the traditional sponsorship model. Hosts now
have the autonomy to create content that stays
true to their vision without being solely dependent
on advertisers. This newfound freedom allows
podcasters to explore diverse topics, take risks,
and experiment with different formats. As a result,
the quality and authenticity of the content improve.
leading to a stronger bond between the podcast
and its audience. Simultaneously, listeners also
benefit from this new arrangement. They are given
the opportunity to actively engage, support,
and contribute to the podcasts they cherish.
By participating in the V4V model, listeners
become co -creators in a sense. They feel a genuine
sense of ownership and connection to the podcasts
they value, knowing that their contributions
directly impact the show's future and sustainability.
The collaborative and equitable nature of Nostr's
apps and V4V podcasts have paved the way for
a more inclusive and mutually beneficial podcasting
landscape. Both podcasters and listeners have
become equal partners in the success of a show.
The traditional hierarchical structure where
sponsors dictate the content and direction of
a podcast is now being replaced with a more democratic
and open approach. As the podcasting landscape
continues to evolve, Noster's apps and V4V podcasts
bring hope for a future where creators and audiences
have a more direct and meaningful connection.
This transformative model challenges the status
quo and allows for a genuine exchange of value
between podcasters and listeners. It empowers
content creators to produce high quality and
authentic shows while also giving listeners a
voice and an active role in shaping the podcasts
they love. So, if you enjoy the content of a
v4v podcast and want to support the creators
behind it, consider contributing through Nostr's
apps or other means. Your actions can make a
significant difference and help ensure the continued
growth and success of the podcast you admire.
Together, we can foster a podcasting community
that thrives on collaboration, appreciation,
and mutual support. And remember, you can find
the Bitcoin Street Journal on various platforms
like fountain .com, commonoster .build, Spotify,
Amazon Music, RSS .com, Comma Pandora, Samsung
Podcasts, Apple iTunes, and iHeartRadio. Adding
a like, sharing an episode, or subscribing goes
a long way in supporting the podcast you love.
Thank you for listening and for your ongoing
support. In today's episode, we covered a range
of topics including funding secured by Orange
Pill app, criticism of New York jail conditions,
the stagnant Bitcoin price, Javier Millet's election
win in Argentina, and much more. Thanks for listening
to today's episode. I'll see you guys at the
next one and don't forget to subscribe.