Welcome to the Bitcoin Street Journal Bitcoin
Market Update, the podcast that brings you daily
live updates on the ever -changing Bitcoin market.
Stay informed with our in -depth Bitcoin technical
analysis as we explore the current price of Bitcoin,
BTC, market capitalization, and market supply.
Get ready to dive into the world of cryptocurrency
and stay ahead of the game. In today's episode,
we'll cover topics such as Gary Gensler leaving
SEC. Bitcoin adoption in Germany and UK. China
recognizing Bitcoin. FTX customer funds misused.
Bitcoin mining energy. Lightning network nodes.
The increasing number of Bitcoin addresses with
a non -zero balance. Bitcoin education in El
Salvador's public schools. Ethereum's bearish
market performance. Crypto investors in Turkey.
Russian malware targeting crypto wallets. Canaan's
Bitcoin mining revenue. declining volumes for
BTC and ETH, Stellar's explosive growth, Stablecoin's
market cap increase, U .S. presidential nominee
DeSantis supporting crypto, the prediction of
a spot Bitcoin ETF in America, Cristiano Ronaldo's
lie detector test, Cardano's surge in transaction
volume, the founders' feud at Gala Games, Nigeria's
leadership in crypto awareness, LSE Group's plan
for a blockchain -powered trading venue. crypto
scams targeting a british woman bitcoin inflows
despite market conditions the flat performance
of bitcoin and suffering altcoins the significant
development of shebarium in the shiba inu ecosystem
half of turkey's population owning cryptocurrency
oxa's successful fundraising for driverless shuttles
the return of trevor jones's digital art event
setbacks faced by the sec with bitcoin etf applications
a crypto pump and dump scheme in hawaii The compatibility
of stable diffusion and SDXL with Apple Silicon
Mac. Solana's selection for MakerDAO's new blockchain.
Binance CEO defending against regulatory scrutiny.
Concerns about centralization in the Lido staking
protocol. Vitalik Buterin selling MKR tokens.
Stellar's surge and upcoming news. London Stock
Exchange's blockchain powered digital markets.
The legal dispute between Gala Games co -founders.
AI -powered film production, an executive departure
from Binance, losses at a Drake -backed crypto
casino, the potential of crypto to improve financial
literacy, the continued activity in the crypto
market, Solana's favor among investors, and OpenAI's
integration of chat GPT with Canva, with the
added bonus of supporting the Bitcoin Street
Journal on various podcast platforms. Hey there,
did you hear the news? Gary Gensler, former chair
of the SEC, is on his way out. It looks like
his career is over, but fear not, because Bitcoin
will live on. And here's some more exciting news.
Users from Germany and the UK can now purchase
cryptocurrencies and Bitcoin on Coinbase using
PayPal. That's a game changer, right? But it's
not just Coinbase making waves. The Colorado
Department of Motor Vehicles in the US now accepts
Bitcoin for online services. Talk about progress.
In fact, Jay Clayton, the former SEC chair, believes
that the approval of a spot Bitcoin ETF is inevitable.
That could have some major implications for the
crypto market. And there's more good news for
Bitcoin enthusiasts in China. The People's Court
of China has issued a report clarifying that
virtual currencies like Bitcoin have legal status
in the nation. That's a big step forward in adopting
cryptocurrencies. Now, it's not all good news.
We recently learned that $2 .5 million of FTX
customer funds were used to buy a yacht for Sam
Tribuco, the former co -CEO of Alameda Research.
And guess what? His exact location is still unknown.
Looks like some sketchy business going on there.
I have a little advice for you. Stop making scammers
rich and start self -custodying your Bitcoin.
It's important to protect your assets, so make
sure you're in control of your investments. You
won't believe this, but it turns out Peter was
right about something. I guess even a broken
clock is right twice a day, huh? And speaking
of trends, the percentage of Bitcoin supply held
by entities with less than 10 BTC continues to
reach new highs. This has been a positive structural
trend throughout Bitcoin's existence. So keep
stacking those sats, folks. Here's some interesting
research from the University of Cambridge. Bitcoin
mining actually uses less energy than clothes,
tumble dryers in the US. Who would have thought?
And the long -term holder supply of Bitcoin keeps
reaching new highs while short -term holder supply
reaches new lows. It seems like the plebs are
stacking and holding on. Are you in on the action?
In El Salvador, they're using a geothermal well
-spouting pure water vapor to power Bitcoin miners.
Talk about sustainable mining. Now here's something
that could shake things up. China has declared
digital assets a legal property protected by
law. And Forbes is warning that it could cause
an earthquake in the Bitcoin price. Definitely
something to keep an eye on. If you're interested,
you can catch Dylan Leclerc's full keynote at
Riga Bitcoin Week. There's always valuable knowledge
to gain from these events. For the first time
in history, Bitcoin withdrawals from exchanges
have surpassed deposits for three consecutive
months. That's a significant shift in the market
dynamics. Looks like 2023 is shaping up to be
the least volatile year for Bitcoin in the last
10 years. That's a welcome change for those who
like a stable journey. And guess which countries
have the most Lightning Network nodes? The top
three are the US, Germany, and France. These
countries are leading the way in Lightning Network
adoption. It seems like more people are realizing
the value of privacy. With Keat .io, You can
chat and interact online directly with your peers
without worrying about your conversations being
stored on a server. It's all about taking back
control of your data. Root is talking about seasonality
and how today's date compares to previous cycles.
It's always interesting to track patterns and
see if history repeats itself. In case you missed
it, the former SEC chair, Jay Clayton, expects
a Bitcoin ETF to be approved in the U .S. It
seems like it's only a matter of time now. Did
you know that 800 ,000 Bitcoin has been pulled
from exchanges in the last three years? Investors
are starting to understand the importance of
not relying on exchanges for holding their Bitcoin.
And here's a little nugget of information for
you. Wallets with more than 10 Bitcoin are at
a three -year high of 157 ,352. looks like more
people are hodling significant amounts of Bitcoin.
Lastly, you may have come across Bitcoin Ring
on Twitter. They're all about paying with Bitcoin
and their ring logo is quite catchy. It's great
to see more options for using cryptocurrencies
in everyday transactions. Oh, and don't forget
to pay attention to the colors on the charts.
When it's green, it means dollar -cost averages
are making a profit. But when it's red, they're
at a loss. It's always fascinating to see these
patterns play out. So, that's a wrap. Stay tuned
for more exciting updates in the world of Bitcoin
and cryptocurrencies. It's an ever -evolving
space, and we're here to keep you informed. Hey
there. Did you know that the number of Bitcoin
addresses with a non -zero balance has exceeded
48 .5 million? That's more than the entire population
of Spain. It's pretty incredible to think about
how widespread Bitcoin adoption has become. Speaking
of Bitcoin, have you ever wondered why people
are so interested in it? Well, Jack Dorsey, the
CEO of Twitter, has some thoughts on that. He's
a big believer in Bitcoin and has even said that
it has the potential to bring about world peace.
Now, that's a bold statement. By the way, have
you seen the Bitcoin umbrella spotted in Montevideo,
Uruguay? It's pretty cool to see Bitcoin making
its mark all around the world. Props to Esquilita
Bitcoin for sharing that find on Twitter. If
you're interested in learning more about why
Bitcoin is better than real estate, you should
definitely check out Michael Saylor. He's a big
advocate for Bitcoin and has some compelling
arguments for why it can lower the cost of living
for everyone. It's fascinating to see how technology
like Bitcoin can disrupt traditional industries.
Speaking of disruption, did you know that starting
in 2024, Bitcoin education will be coming to
every public school in El Salvador? Thanks to
a partnership between Me Premier, Bitcoin NGO
and the Ministry of Education, students will
have the opportunity to learn about Bitcoin from
an early age. It's exciting to see countries
embracing the potential of cryptocurrencies.
It's crazy to think about how far Bitcoin has
come. Just 10 years ago, people were celebrating
Bitcoin reaching $100 USD. And now we can only
imagine where it will be in another 10 years.
But one thing's for sure. I'll be hodling regardless
of the price. Now let's talk about Ethereum.
It recently experienced a sharp rejection from
the $1 ,800 resistance level, which triggered
a significant downward trend. This is definitely
a bearish signal for Ethereum's midterm prospects.
It's always interesting to see how the market
fluctuates and affects different cryptocurrencies.
Did you know that 52 % of Turks are crypto investors?
According to a Kucoin study, Bitcoin, Ethereum,
and stablecoins are the most popular cryptocurrencies
among Turkish investors. It's fascinating to
see how crypto adoption varies from country to
country. Now, let's shift gears and talk about
Worldcoin. Experts have weighed in on this generative
AI project and have some concerns. Ironically,
the creators of WorldCoin are developing an intrusive
system to counter a problem that their project
perpetuates. It's certainly a thought provoking
situation. In the world of blockchain and mining,
Argo blockchain recently announced a reduction
in debt and overall costs. However, their revenue
in the first half of the year declined by 31
% compared to the same period in 2022. It just
goes to show that the crypto industry can be
unpredictable. In other news, there has been
a joint warning from US and UK intelligence agencies
about a new malware called Infamous Chisel. This
malware specifically targets Android devices
and poses a risk to crypto wallets. It's important
to stay vigilant and protect your digital assets.
Let's not forget about the mining industry. Canaan,
a Bitcoin miner, saw a significant increase in
mining revenue in Q2 compared to the previous
quarter. It's interesting to see how mining operations
can be affected by market conditions. Speaking
of market conditions, August was a relatively
quiet month for cryptocurrencies with volumes
and activity falling. And it seems like September
is likely to be a repeat. It's always fascinating
to see how market trends unfold and affect different
digital currencies. In the midst of all this,
Stellar XLM has had a great day with a 10 % daily
increase. On the other hand, Bitcoin BTC seems
to be stalling at the $1 .26K mark. The crypto
market is always full of surprises. Lastly, the
combined market capitalization of stablecoins
has recently shown growth for the first time
since the FTX crash. It's a positive sign for
stablecoins and reflects the increasing demand
for these cryptocurrencies. Oh, and have you
heard about US presidential nominee DeSantis?
He recently introduced a pro crypto declaration
of economic independence. If he wins the 2024
presidential elections, He has vowed to let the
crypto sector thrive and replace Fed's chair,
Jerome Powell. It's definitely an interesting
development in the world of politics and cryptocurrencies.
That's all for now. Remember, the world of cryptocurrencies
is always evolving, so stay informed and have
fun exploring this exciting space. Former SEC
chair Jay Clayton has made a surprising claim
that a spot Bitcoin ETF in America is inevitable.
This is quite a turnaround from his previous
stance of the approval being hard to resist.
Clayton's statement has sparked a lot of interest
and speculation within the cryptocurrency community.
In some interesting news related to sports and
cryptocurrency, football superstar Cristiano
Ronaldo recently took a lie detector test for
Binance. When asked if his bicycle kick goal
was his best ever, Ronaldo confidently affirmed
that it was, but the lie detector machine disagreed,
indicating that he was lying. This revelation
has stirred up a mixed reaction within the community.
Cardano, a blockchain platform, has been experiencing
significant growth in its transaction volume.
Since January, the platform has witnessed a staggering
1 ,700 % increase in user engagement and interest.
This is happening even as the overall cryptocurrency
market remains relatively flat. Cardano's progress
is certainly worth following. A feud between
the founders of Gala Games, a blockchain -based
gaming platform, has taken a bitter turn. Both
co -founders have filed lawsuits against each
other, accusing one another of misusing tokens
and corporate misappropriation of funds. The
value of the tokens involved in this dispute
is estimated to be around $130 million. This
is a highly unsettling situation for Gala Games
and its community. Nigeria has emerged as a global
leader in crypto awareness, with a staggering
99 % of its population having heard of cryptocurrencies.
Additionally, 91 % of Nigerians are ready to
invest in digital assets. However, it is important
to note that despite this high level of awareness,
practical understanding of Web3 technologies
remains relatively low in the country. Consensys,
a blockchain software technology company, highlighted
this discrepancy. The London Stock Exchange,
LSE Group is considering the launch of a trading
venue powered by blockchain technology. Initially,
the focus will likely be on private markets,
aiming to address the inefficiencies and lack
of transparency often associated with such operations.
This move by the LSE Group holds great potential
to reshape the current trading landscape. You
can read more about this exciting development
on the Bitcoin Street Journal .com cryptocurrency
scammers have struck again, draining over $200
,000 from a British woman. The victim from Norfolk
expressed her shock and devastation, stating
that she is struggling to come to terms with
the ruthlessness of some individuals. This unfortunate
incident serves as a reminder to remain vigilant
and cautious when navigating the crypto space.
For more information on this incident, head over
to the bitcoinstreetjournal .com. Bitcoin has
witnessed inflows amidst an overall apathetic
market. Despite the lackluster market condition,
Bitcoin products recorded $3 .8 million of inflows
following Grayscale's legal victory against the
SEC. This demonstrates the resilience and continued
interest in Bitcoin despite the current market
sentiment. You can find more insights on this
topic at the BitcoinStreetJournal .com. While
Bitcoin's price has remained relatively stagnant
below $26 ,000, some altcoins have fared even
worse. Gala, in particular, has been one of the
poorest performers on a weekly scale. Reports
of internal conflicts among co -founders have
contributed to this decline in Gala's performance.
To stay up to date on the market trends and specific
altcoin performances, visit the BitcoinStreetJournal
.com. Lastly, Shibarium, an essential development
in the Shiba Inu ecosystem, has recently gone
live. The importance of this development and
its potential impact on the SHIB token is discussed
in a recent video. For a detailed analysis and
insights into this development, check out the
provided YouTube link. That's all for now, folks.
Stay informed and keep exploring the exciting
world of cryptocurrencies. There's been some
interesting news in the crypto world lately,
and one particularly intriguing story comes from
Turkey. According to a report by KuCoin, about
half of the people in Turkey now own cryptocurrency.
This highlights a trend we've been observing
in other countries that are struggling with rapid
inflation. It seems that as traditional financial
systems become uncertain, more and more people
are turning to crypto as a means of preserving
their wealth. In other news, there's a startup
called Oxa that wants to revolutionize your morning
commute using artificial intelligence. After
a successful $140 million Series C fundraise,
Oxa is ready to introduce its driverless shuttles
in Florida. Imagine hopping into a futuristic
vehicle that uses AI to optimize your route and
make your commute more efficient. This could
be a game changer for many people who spend hours
stuck in traffic every day. If you're into digital
art, you might be interested in Trevor Jones's
Castle Party. Taking place just outside of Paris,
this event brings together some of the biggest
names in the digital art world for a weekend
of fine dining and celebration. Trevor Jones
himself calls it a grand party, and it's a great
opportunity to connect with fellow art enthusiasts
and explore the ever -evolving world of digital
art. Moving on to the world of Twitter, there's
been quite a buzz surrounding Grayscale and the
SEC. A federal court recently dealt a blow to
the SEC, which caused the agency to delay its
decision on six Bitcoin ETF applications. This
has sparked a lot of discussion and speculation
on crypto Twitter. It's clear that the crypto
community is watching these developments closely,
as they could have a significant impact on the
future of Bitcoin ETFs and the broader crypto
market. Unfortunately, not all news in the crypto
world is positive. The SEC has charged a man
from Hawaii for running a fake crypto pump and
dump scheme. This individual allegedly misled
investors, claiming that he planned to convert
securities into cryptocurrency as part of his
scheme. It's a stark reminder that the crypto
industry is still vulnerable to scams and fraud,
and regulators need to remain vigilant in protecting
investors. In tech news, Decrypt reports on the
best ways to run stable diffusion and SDXL on
an Apple Silicon Mac. If you're an AI art enthusiast,
this information could be especially relevant
to you. The go -to image generator for AI art
can now be installed on Apple's latest hardware,
unlocking new possibilities for artists and enthusiasts
alike. Moving on to blockchain developments,
there's been some talk about Ethereum and Solana.
Rune Christensen, the co -founder of MakerDAO,
has expressed his belief that Solana is a better
fit as the basis for MakerDAO's new blockchain.
This migration would have significant implications
for both Ethereum and Solana, and it's worth
keeping an eye on how this story unfolds. Binance,
one of the largest cryptocurrency exchanges,
has also been making headlines. CEO CZ has emphasized
that Binance is ahead of the game when it comes
to US regulations. Despite increased scrutiny
and FUD, fear, uncertainty, and doubt directed
at his company, CZ remains confident that Binance
is compliant with US regulations. It's interesting
to see how different exchanges are navigating
the complex regulatory landscape. In the world
of staking, there are concerns about centralization.
Community members are warning that the staking
protocol, LIDO, could become too centralized,
potentially undermining the decentralized nature
of Ethereum. As staking becomes more popular,
it's crucial to ensure that the network remains
secure and decentralized. Finally, there's news
about Vitalik Buterin. the co -founder of Ethereum.
Buterin recently sold $580 ,000 worth of MakerDAO's
MKR tokens. This comes as MakerDAO plans to launch
a new Solana -based app chain. It's always fascinating
to see what projects and developments crypto
pioneers like Buterin are involved in. That's
a wrap for this week's crypto news. From the
growing adoption of crypto in Turkey to the latest
technological advancements and regulatory developments,
the crypto world continues to be a vibrant and
dynamic space. Stay tuned for more updates in
the exciting world of cryptocurrency. Hey there!
Let's dive into some interesting news from the
crypto world. First up, the price of Stellar
XLM has surged by a whopping 10 % in the past
day. Quite impressive, isn't it? Meanwhile, the
overall crypto market seems to be trading flat.
In other news, the London Stock Exchange Group
has some exciting plans. They are gearing up
to create an end -to -end digital market ecosystem.
How do they plan to achieve this? Well, brace
yourself. It's powered by blockchain technology.
This infrastructure and data provider aims to
transform the financial markets with the help
of blockchain. Now, let's talk about Gala Games.
Unfortunately, the co -founders of this gaming
company are embroiled in a legal battle. Both
sides have filed lawsuits against each other,
accusing theft or corporate waste. The staggering
claim is that the company suffered a loss of
a mind -boggling nine -digit sum. It's always
disheartening to see such internal conflicts
within a company. Switching gears, there is an
indie film studio called Pigeon Shrine that is
making waves in the industry. They are pioneering
a revolutionary concept known as synth -assisted
production, which involves using artificial intelligence
in the filmmaking process. According to the studio's
founder and CEO, this innovation is creating
new job opportunities in the film industry. Exciting
stuff, isn't it? It seems as though Binance,
one of the prominent crypto exchanges, is going
through some personnel changes. Mayur Kamat,
the head of product, is the latest executive
to step down from the company. This departure
comes amidst regulatory challenges faced by the
exchange. We'll have to keep an eye on how Binance
navigates these headwinds. Next up, we have some
news from the world of crypto gambling. Stake,
a popular crypto casino backed by none other
than Drake himself, has encountered some troubles.
A significant sum of $40 million has gone missing
due to suspicious transfers. There are questions
about whether it was a hack or something else
entirely. The platform is currently grappling
with this alarming situation. Shifting our focus,
researchers from the University of Cincinnati
have highlighted the potential of cryptocurrencies
in improving financial literacy. They have even
developed a crypto literacy scale which aims
to gauge investors' education levels in this
space. It's great to see academia recognizing
the educational value that cryptocurrencies can
bring. Now, let's talk about the crypto market
as a whole. While it might appear calm on the
surface, there's a lot more action happening
beneath. According to analysts, there may have
been only $11 .2 million in outflows, but the
real news is the massive $2 .8 billion in trading
volume. So, even though things might seem tranquil,
the crypto market is swimming like mad below
the surface. Moving on, it's time to shine the
spotlight on Solana. According to a report by
CoinShares, it is considered the most loved altcoin
among investors. While altcoin crypto funds have
experienced withdrawals, Solana has been an exception.
It's fascinating to witness the preferences of
crypto investors and how certain altcoins can
capture their interest. In the world of artificial
intelligence, OpenAI has integrated its chat
GPT into Canva. This collaboration aims to sharpen
Canva's competitive edge in the field of AI.
Now, users of ChatGPT Plus can easily interact
with Canva directly through OpenAI's bot, streamlining
their workflow. It's exciting to see AI technologies
merging to enhance user experiences. Lastly,
Casio is bringing their G -Shock watch brand
into the metaverse through Polygon NFTs. In an
effort to foster a community of collaborators,
Casio will be dropping free NFTs. These NFTs
will enable users to co -create virtual G -Shock
watches. It's interesting how traditional brands
are jumping into the NFT space, embracing the
possibilities of the metaverse. That's it for
now. We covered some fascinating news from the
crypto world ranging from surging prices and
blockchain powered markets to legal battles and
AI powered film production. Stay tuned for more
exciting updates in the ever evolving world of
cryptocurrency and technology. Hey there, we've
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In this episode, we covered a range of topics
including Gary Gensler leaving SEC, Bitcoin adoption
in Germany and UK, FTX customer funds misused,
the increasing number of Bitcoin addresses with
a non -zero balance, Ethereum's market performance,
the prediction of a spot, Bitcoin ETF in America,
Turkey's booming crypto market, the latest news
on Stellar and Gala games. regulatory scrutiny
faced by Binance, and the integration of AI -powered
film production with crypto. Thank you for tuning
in to the Bitcoin Street Journal. Bitcoin Market
Update, your go -to source for daily live. Bitcoin
Market Updates, current Bitcoin technical analysis,
BTC price fluctuations, market capitalization,
and market supply. Make sure to subscribe and
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