WEBVTT 00:00:14.879 --> 00:00:17.899 Welcome to the Bitcoin Street Journal. Bitcoin 00:00:17.899 --> 00:00:20.420 Market Update, the podcast that brings you daily 00:00:20.420 --> 00:00:22.760 live updates on the ever -changing Bitcoin market. 00:00:23.559 --> 00:00:25.780 Stay informed with our in -depth Bitcoin technical 00:00:25.780 --> 00:00:28.879 analysis as we explore the current price of Bitcoin, 00:00:29.339 --> 00:00:32.439 BTC, market capitalization, and market supply. 00:00:33.000 --> 00:00:35.159 Get ready to dive into the world of cryptocurrency 00:00:35.159 --> 00:00:38.219 and stay ahead of the game. In today's episode, 00:00:38.340 --> 00:00:40.320 we'll cover Deutsche Bank partnering with Taurus 00:00:40.320 --> 00:00:43.179 for Bitcoin custody, Macquarie Bank eliminating 00:00:43.179 --> 00:00:46.960 cash at branches, Binance US executives resigning 00:00:46.960 --> 00:00:50.200 Bitcoin adoption in Costa Rica F2 pool returning 00:00:50.200 --> 00:00:53.119 overpaid fees to Paxos Australian banks cracking 00:00:53.119 --> 00:00:56.159 down on cash withdrawals the halving of Bitcoin 00:00:56.159 --> 00:00:59.500 nab closing accounts without explanation Bitcoin 00:00:59.500 --> 00:01:02.920 surpassing PayPal and nearing visa Bitcoin adoption 00:01:02.920 --> 00:01:05.719 in Lebanon the release of a Bitcoin house heater 00:01:05.719 --> 00:01:08.519 prototype Prince Philip of Serbia speaking at 00:01:08.519 --> 00:01:12.000 Bitcoin Amsterdam SEC requesting inspection of 00:01:12.000 --> 00:01:15.340 Binance US Bitcoin being accepted in Ojuchal, 00:01:15.480 --> 00:01:18.359 Costa Rica, Bitcoin difficulty adjustment Nomura 00:01:18.359 --> 00:01:21.239 launching a Bitcoin fund, Bitcoin Hashrate reaching 00:01:21.239 --> 00:01:23.859 an all -time high, a Bitcoin whale transferring 00:01:23.859 --> 00:01:27.420 2100 Bitcoin at profit, Bitcoin dominance being 00:01:27.420 --> 00:01:32.000 above 50%, KSI explaining Bitcoin, Bitcoin transactions 00:01:32.000 --> 00:01:34.439 increasing in Nigeria and Uganda due to inflation, 00:01:35.239 --> 00:01:37.219 and Bitcoin being described as freedom money 00:01:37.219 --> 00:01:43.340 and an energy -based currency. Hey there, folks. 00:01:43.579 --> 00:01:45.280 I've got some exciting news for you in the world 00:01:45.280 --> 00:01:47.480 of cryptocurrency. Today we're going to dive 00:01:47.480 --> 00:01:49.700 into some interesting developments in the Bitcoin 00:01:49.700 --> 00:01:52.680 space that you won't want to miss. So let's get 00:01:52.680 --> 00:01:55.420 right into it. First up, we have some big news 00:01:55.420 --> 00:01:58.299 from the renowned asset manager Deutsche Bank. 00:01:58.760 --> 00:02:00.840 They've recently partnered with a Swiss company 00:02:00.840 --> 00:02:03.920 called Taurus to offer Bitcoin custody services 00:02:03.920 --> 00:02:07.409 to their institutional clients. This move signifies 00:02:07.409 --> 00:02:10.009 the growing interest and recognition of Bitcoin 00:02:10.009 --> 00:02:12.710 as a valuable asset in the financial industry. 00:02:13.409 --> 00:02:16.169 In other news, Bitcoin is gaining even more popularity 00:02:16.169 --> 00:02:19.009 among the masses. Did you know that on September 00:02:19.009 --> 00:02:22.069 8th, Bitcoin's Wikipedia page registered a whopping 00:02:22.069 --> 00:02:26.449 7830 views? That's the highest number of views 00:02:26.449 --> 00:02:30.009 in 2023 so far. It just goes to show how much 00:02:30.009 --> 00:02:32.189 attention this revolutionary digital currency 00:02:32.189 --> 00:02:35.000 is attracting. But that's not all, my friends. 00:02:35.139 --> 00:02:37.379 We also have some exciting news regarding Bitcoin 00:02:37.379 --> 00:02:40.979 mining and its impact on the environment. Bloomberg 00:02:40.979 --> 00:02:44.039 Intelligence has confirmed that over 50 % of 00:02:44.039 --> 00:02:46.460 Bitcoin mining is powered by renewable energy 00:02:46.460 --> 00:02:49.539 sources. This is a significant milestone for 00:02:49.539 --> 00:02:52.680 the cryptocurrency industry as it addresses concerns 00:02:52.680 --> 00:02:55.520 about the environmental impact of mining operations. 00:02:55.979 --> 00:02:59.360 Moving on, in an unexpected turn of events, Macquarie 00:02:59.360 --> 00:03:01.780 Bank in Australia has announced their plans to 00:03:01.780 --> 00:03:04.400 eliminate cash at their branches. It seems they 00:03:04.400 --> 00:03:07.659 want total control. And guess what? Bitcoin can 00:03:07.659 --> 00:03:10.979 fix this. With Bitcoin, individuals have complete 00:03:10.979 --> 00:03:13.719 ownership and control over their funds, eliminating 00:03:13.719 --> 00:03:15.800 the need for intermediaries like traditional 00:03:15.800 --> 00:03:18.560 banks. Talk about taking charge of your finances. 00:03:19.340 --> 00:03:21.419 Now let's switch gears a bit and talk about something 00:03:21.419 --> 00:03:23.719 fun. Have you heard about the Bitcoin mining 00:03:23.719 --> 00:03:26.599 board game? Yeah, you heard that right. It's 00:03:26.599 --> 00:03:28.580 a game that lets you experience the thrill of 00:03:28.580 --> 00:03:30.960 mining bitcoins in a virtual setting. Sounds 00:03:30.960 --> 00:03:33.120 pretty cool, doesn't it? Who knew you could combine 00:03:33.120 --> 00:03:35.139 learning about cryptocurrency with a fun and 00:03:35.139 --> 00:03:37.319 interactive game? Speaking of learning, let's 00:03:37.319 --> 00:03:39.520 take a moment to dive into some interesting facts 00:03:39.520 --> 00:03:41.759 about the cost of producing physical currency. 00:03:42.300 --> 00:03:44.759 Did you know that it costs more to mint a five 00:03:44.759 --> 00:03:46.900 cents nickel than it does to print a dollar one 00:03:46.900 --> 00:03:49.840 hundred bill? It's mind boggling, right? And 00:03:49.840 --> 00:03:51.759 guess what? It's all fake. That's where Bitcoin 00:03:51.759 --> 00:03:54.550 comes in. Bitcoin is a decentralized digital 00:03:54.550 --> 00:03:56.789 currency that operates outside of the traditional 00:03:56.789 --> 00:03:59.509 financial system. With Bitcoin, you can study 00:03:59.509 --> 00:04:02.270 it, become ungovernable, and opt out of the existing 00:04:02.270 --> 00:04:05.009 system. In recent news, we have seen some shakeups 00:04:05.009 --> 00:04:08.590 happening at Binance US. The chief risk officer, 00:04:08.810 --> 00:04:11.150 Sidney Majalia, as well as the head of legal, 00:04:11.389 --> 00:04:14.349 Krishna Juvati, have decided to step down following 00:04:14.349 --> 00:04:17.170 increased pressure from regulators. This comes 00:04:17.170 --> 00:04:20.029 after Binance US CEO Brian Schroeder also left 00:04:20.029 --> 00:04:22.569 the company earlier this week. It will be interesting 00:04:22.569 --> 00:04:25.110 to see how these changes impact the future of 00:04:25.110 --> 00:04:27.329 the exchange. Now let's talk about Bitcoin dominance. 00:04:27.810 --> 00:04:31.069 It's back over 50%. This means that Bitcoin's 00:04:31.069 --> 00:04:33.329 market capitalization is once again more than 00:04:33.329 --> 00:04:36.930 50 % of the total cryptocurrency market. It's 00:04:36.930 --> 00:04:39.009 a sign of Bitcoin's strength and resilience in 00:04:39.009 --> 00:04:41.350 the face of competition from other cryptocurrencies. 00:04:42.000 --> 00:04:45.639 Breaking news, Swann, a US -based Bitcoin company, 00:04:46.000 --> 00:04:48.019 has announced a partnership with BitGo to launch 00:04:48.019 --> 00:04:51.519 the first Bitcoin -only US custodian. This is 00:04:51.519 --> 00:04:53.899 a significant step forward in providing secure 00:04:53.899 --> 00:04:56.600 storage solutions for Bitcoin, especially for 00:04:56.600 --> 00:04:59.220 institutional investors. In another exciting 00:04:59.220 --> 00:05:02.060 development, Saifadeen Ammas, the author of The 00:05:02.060 --> 00:05:04.639 Bitcoin Standard, managed to orange -pill the 00:05:04.639 --> 00:05:06.800 renowned psychologist Dr. Jordan Peterson on 00:05:06.800 --> 00:05:10.110 the topic of Bitcoin. Orange Pilling refers to 00:05:10.110 --> 00:05:12.509 the act of educating someone about the benefits 00:05:12.509 --> 00:05:16.449 and potential of Bitcoin. It's always great to 00:05:16.449 --> 00:05:18.949 see influential figures becoming more aware and 00:05:18.949 --> 00:05:20.709 interested in the world of cryptocurrencies. 00:05:21.689 --> 00:05:25.269 And finally, we have some news from Canada. Leading 00:05:25.269 --> 00:05:28.189 Canadian Bitcoin exchange BullBitcoin is teaming 00:05:28.189 --> 00:05:31.110 up with SynP Movil, Costa Rica's top payment 00:05:31.110 --> 00:05:34.089 provider, to facilitate seamless Bitcoin swaps. 00:05:34.430 --> 00:05:36.829 This partnership will make it even easier for 00:05:36.829 --> 00:05:39.509 people to buy and sell Bitcoin using their local 00:05:39.509 --> 00:05:42.889 currency, promoting the adoption and use of digital 00:05:42.889 --> 00:05:46.189 currencies. In more exciting news, a Singapore 00:05:46.189 --> 00:05:48.750 -based investment management and SaaS provider 00:05:48.750 --> 00:05:51.389 firm called SMI Vantage is planning to launch 00:05:51.389 --> 00:05:54.949 a Bitcoin mining facility in Malaysia. This shows 00:05:54.949 --> 00:05:57.050 how the interest in Bitcoin mining is spreading 00:05:57.050 --> 00:05:59.529 across the globe, with companies looking to harness 00:05:59.529 --> 00:06:02.360 the power of this innovative technology. And 00:06:02.360 --> 00:06:04.279 that's a wrap on today's cryptocurrency news. 00:06:04.459 --> 00:06:06.839 We've covered a lot of ground from institutional 00:06:06.839 --> 00:06:09.800 custody services to Bitcoin's impact on the environment 00:06:09.800 --> 00:06:12.800 and even a Bitcoin mining board game. It's clear 00:06:12.800 --> 00:06:15.160 that the world of Bitcoin is constantly evolving 00:06:15.160 --> 00:06:18.259 and making waves in the financial industry. Stay 00:06:18.259 --> 00:06:20.620 tuned for more updates on this exciting journey. 00:06:30.160 --> 00:06:33.459 Bitcoin adoption is skyrocketing in Costa Rica. 00:06:33.920 --> 00:06:36.259 It's really exciting to see how this digital 00:06:36.259 --> 00:06:38.439 currency is gaining popularity in different parts 00:06:38.439 --> 00:06:42.000 of the world. And speaking of Bitcoin, F2Pool 00:06:42.000 --> 00:06:45.759 recently returned a whopping 19 .8 Bitcoin as 00:06:45.759 --> 00:06:49.439 an overpaid fee back to Paxos. What a great act 00:06:49.439 --> 00:06:52.000 of goodwill. Now let's switch gears and talk 00:06:52.000 --> 00:06:54.660 about Australia. There's some interesting information 00:06:54.660 --> 00:06:57.720 coming in. Apparently, the biggest banks in Australia 00:06:57.720 --> 00:07:00.360 are cracking down on cash withdrawals. They are 00:07:00.360 --> 00:07:02.819 closing ATMs and even banning the use of cash. 00:07:02.939 --> 00:07:05.360 It's quite surprising, isn't it? I wonder what 00:07:05.360 --> 00:07:08.079 the rationale behind this move is. If you want 00:07:08.079 --> 00:07:10.420 to learn more about it, you can check out the 00:07:10.420 --> 00:07:13.500 article from Bitcoin Magazine. By the way, if 00:07:13.500 --> 00:07:15.540 there are any Australians out there, can you 00:07:15.540 --> 00:07:18.399 confirm if this is true? It's always helpful 00:07:18.399 --> 00:07:20.740 to hear from people on the ground and get their 00:07:20.740 --> 00:07:23.759 perspective on the matter. Moving on, let's shift 00:07:23.759 --> 00:07:26.720 our focus to Argentina. It seems that Tucker 00:07:26.720 --> 00:07:30.300 Carlson, a prominent figure, recently exchanged 00:07:30.300 --> 00:07:34.800 $1 .00 into stacks of Argentine pesos. It's interesting 00:07:34.800 --> 00:07:37.120 to see these kinds of exchanges happen, not just 00:07:37.120 --> 00:07:39.000 in Argentina, but in many other countries as 00:07:39.000 --> 00:07:41.800 well. But hey, there's an alternative to opting 00:07:41.800 --> 00:07:45.680 into this system. Bitcoin. With Bitcoin, you 00:07:45.680 --> 00:07:47.660 have control over your own money, which is pretty 00:07:47.660 --> 00:07:50.139 cool if you ask me. If you're wondering how more 00:07:50.139 --> 00:07:52.600 countries can adopt Bitcoin without going directly 00:07:52.600 --> 00:07:55.730 against the International Monetary Fund, IMF. 00:07:56.250 --> 00:07:59.389 Samson Moe has some insights. He explains the 00:07:59.389 --> 00:08:01.670 potential ways countries can embrace Bitcoin 00:08:01.670 --> 00:08:05.310 and not face the wrath of the IMF. It's fascinating 00:08:05.310 --> 00:08:07.689 to see how this technology can disrupt the traditional 00:08:07.689 --> 00:08:10.589 financial system without causing head on conflicts. 00:08:11.209 --> 00:08:14.290 Now, let's talk about the economy. In times of 00:08:14.290 --> 00:08:16.649 economic downturn, there's always a worry. However, 00:08:16.769 --> 00:08:18.910 some people claim that there's an infinite amount 00:08:18.910 --> 00:08:21.350 of cash at the Fed. Of course, that statement 00:08:21.350 --> 00:08:24.319 is dripping with sarcasm. It's one of the reasons 00:08:24.319 --> 00:08:26.600 why people turn to Bitcoin. They want to take 00:08:26.600 --> 00:08:29.100 control of their own finances and not rely on 00:08:29.100 --> 00:08:32.019 centralized authorities. It's a way to say F 00:08:32.019 --> 00:08:35.259 asterisk CK the Fed. Hey, did you know that the 00:08:35.259 --> 00:08:37.659 oldest known Bitcoin price chart had a starting 00:08:37.659 --> 00:08:40.080 price of zero point zero zero three dollars? 00:08:40.539 --> 00:08:42.860 It's incredible to see how far Bitcoin has come 00:08:42.860 --> 00:08:45.639 since then. With all its ups and downs, it has 00:08:45.639 --> 00:08:47.679 truly made its mark in the world of finance. 00:08:48.240 --> 00:08:50.759 Who would have thought? Moving on, let's shift 00:08:50.759 --> 00:08:53.360 our attention back to the United States. Senator 00:08:53.360 --> 00:08:55.320 Bill Haggerty recently claimed that Operation 00:08:55.320 --> 00:08:58.740 Chokepoint 2 .0 is now live and aims to target 00:08:58.740 --> 00:09:01.860 the crypto and bitcoin industry in the US. Honestly, 00:09:02.240 --> 00:09:04.379 this shouldn't come as a surprise anymore. We've 00:09:04.379 --> 00:09:06.440 seen how governments and regulators try to restrict 00:09:06.440 --> 00:09:09.120 or control the power of cryptocurrencies. So 00:09:09.120 --> 00:09:11.559 it's essential for us to stay informed and act 00:09:11.559 --> 00:09:14.299 accordingly to protect our interests. Speaking 00:09:14.299 --> 00:09:16.879 of the US, there's something interesting happening 00:09:16.879 --> 00:09:20.889 at Tabconf ATL. Bitcoinized point of sale, POS, 00:09:21.450 --> 00:09:24.250 and Lazarai NFC cards are currently being tested. 00:09:24.830 --> 00:09:26.590 It's an exciting development in the world of 00:09:26.590 --> 00:09:29.190 Bitcoin. Can you imagine using these advanced 00:09:29.190 --> 00:09:31.289 technologies for your everyday transactions? 00:09:31.929 --> 00:09:34.409 Personally, I find it fascinating, but I'm still 00:09:34.409 --> 00:09:37.090 not ready to spend my precious SATs just yet. 00:09:37.429 --> 00:09:40.009 Maybe in the future. Hey, check this out. There's 00:09:40.009 --> 00:09:42.409 a Bitcoin -themed chess set now. How cool is 00:09:42.409 --> 00:09:44.850 that? It's great to see how Bitcoin is becoming 00:09:44.850 --> 00:09:47.620 a part of various aspects of our lives. even 00:09:47.620 --> 00:09:50.559 in the world of tabletop games like chess. It's 00:09:50.559 --> 00:09:53.100 a testament to the growing presence and acceptance 00:09:53.100 --> 00:09:56.399 of this digital currency. And finally, let's 00:09:56.399 --> 00:09:59.519 talk about Gemini. They recently accused digital 00:09:59.519 --> 00:10:03.039 currency group DCG of fraudulent activities and 00:10:03.039 --> 00:10:05.360 not taking responsibility for the damages caused 00:10:05.360 --> 00:10:08.940 to creditors. According to Gemini, DCG borrowed 00:10:08.940 --> 00:10:11.379 significant amounts of Bitcoin from Genesis after 00:10:11.379 --> 00:10:14.740 the collapse of 3AC without injecting any real 00:10:14.740 --> 00:10:18.000 value into Genesis. This just highlights the 00:10:18.000 --> 00:10:20.340 importance of self -custody. When you hold your 00:10:20.340 --> 00:10:22.960 own Bitcoin, you have more control over your 00:10:22.960 --> 00:10:26.039 assets and can mitigate risks associated with 00:10:26.039 --> 00:10:28.799 third -party custody. So there you have it, a 00:10:28.799 --> 00:10:30.879 roundup of some interesting Bitcoin related news 00:10:30.879 --> 00:10:33.659 and developments. It's fascinating to see how 00:10:33.659 --> 00:10:36.100 Bitcoin is gaining traction in different countries, 00:10:36.940 --> 00:10:38.899 challenging the traditional financial system 00:10:38.899 --> 00:10:41.700 and becoming a part of our everyday lives in 00:10:41.700 --> 00:10:45.159 various ways. It's an exciting time to be involved 00:10:45.159 --> 00:10:51.659 in the world of cryptocurrencies. Alright, let's 00:10:51.659 --> 00:10:53.559 dive into some interesting updates in the world 00:10:53.559 --> 00:10:56.679 of Bitcoin. It's an exciting time to be involved, 00:10:56.919 --> 00:10:59.580 especially considering there are still 29 more 00:10:59.580 --> 00:11:02.720 halvings to come. We're definitely early adopters, 00:11:02.720 --> 00:11:05.039 so let's take advantage of that opportunity. 00:11:05.860 --> 00:11:08.019 In some recent news, it seems like there's a 00:11:08.019 --> 00:11:11.080 bit of a stir happening in Australia. The National 00:11:11.080 --> 00:11:14.129 Australia Bank, NAB, apparently closed the bank 00:11:14.129 --> 00:11:16.250 account of a longtime Bitcoin holder without 00:11:16.250 --> 00:11:19.529 any explanation. Now that's definitely something 00:11:19.529 --> 00:11:22.350 to raise an eyebrow at. It's moments like these 00:11:22.350 --> 00:11:24.710 that make you wonder if it's time to opt out 00:11:24.710 --> 00:11:27.129 of the traditional banking system while you still 00:11:27.129 --> 00:11:30.730 can. Speaking of opting out, Bitcoin has been 00:11:30.730 --> 00:11:33.529 making some serious waves in terms of its transaction 00:11:33.529 --> 00:11:36.269 volume. In fact, the money sent via Bitcoin this 00:11:36.269 --> 00:11:38.789 year has surpassed the likes of PayPal and is 00:11:38.789 --> 00:11:41.820 even getting closer to Visa. Impressive, right? 00:11:42.100 --> 00:11:44.039 It just goes to show that when it comes to sending 00:11:44.039 --> 00:11:46.639 money, Bitcoin is certainly leading the way. 00:11:47.159 --> 00:11:49.360 Now let's head over to the UK, where Satoshi's 00:11:49.360 --> 00:11:51.980 Place, a Bitcoin hub, is celebrating its one 00:11:51.980 --> 00:11:54.500 -year anniversary. It's great to see the Bitcoin 00:11:54.500 --> 00:11:56.659 community thriving in various parts of the world. 00:11:57.100 --> 00:11:59.539 And remember, when it comes to Bitcoin, there 00:11:59.539 --> 00:12:02.480 really is no second best. It's the real deal. 00:12:03.159 --> 00:12:05.340 Speaking of interesting Bitcoin adoption stories, 00:12:05.419 --> 00:12:08.139 let's take a trip to Latvia. Imagine being able 00:12:08.139 --> 00:12:11.309 to buy food using a Bitcoin wallet that's conveniently 00:12:11.309 --> 00:12:14.730 programmed into a smart finger ring. Yes, you 00:12:14.730 --> 00:12:17.330 heard that right. It's innovation like this that 00:12:17.330 --> 00:12:19.710 makes Bitcoin even more accessible and practical 00:12:19.710 --> 00:12:22.710 in our day -to -day lives. Now let's shift gears 00:12:22.710 --> 00:12:25.049 and delve into an intriguing theory presented 00:12:25.049 --> 00:12:28.649 by Miles Franklin's CEO, Andy Sheckman. He believes 00:12:28.649 --> 00:12:30.730 that America's debt spiral will eventually lead 00:12:30.730 --> 00:12:33.049 to the introduction of a compulsory central bank 00:12:33.049 --> 00:12:36.409 digital currency, CBDC. It's certainly something 00:12:36.409 --> 00:12:39.029 to keep an eye on, especially considering the 00:12:39.029 --> 00:12:41.830 potential implications for the wider crypto space. 00:12:42.490 --> 00:12:44.190 And here's a thought -provoking statement for 00:12:44.190 --> 00:12:47.149 you. The fact is, the Roman Empire collapsed 00:12:47.149 --> 00:12:50.070 because it didn't have Bitcoin. This quote from 00:12:50.070 --> 00:12:52.529 Bitpain really makes you ponder the value of 00:12:52.529 --> 00:12:55.669 having a decentralized, censorship -resistant 00:12:55.669 --> 00:12:58.509 store of value like Bitcoin. It goes to show 00:12:58.509 --> 00:13:00.750 the power and potential impact of this digital 00:13:00.750 --> 00:13:04.120 currency. Let's head over to Lebanon now. and 00:13:04.120 --> 00:13:06.159 take a look at how Bitcoin adoption is unfolding 00:13:06.159 --> 00:13:10.539 there. Macro3 Cafe, a restaurant with eight branches 00:13:10.539 --> 00:13:13.179 across the country, has started accepting payments 00:13:13.179 --> 00:13:16.139 via the Lightning Network. This is a prime example 00:13:16.139 --> 00:13:18.259 of how businesses are actively embracing the 00:13:18.259 --> 00:13:20.620 benefits of Bitcoin, and it's great to see its 00:13:20.620 --> 00:13:23.220 practical applications in action. Now, moving 00:13:23.220 --> 00:13:25.000 on to a couple of interesting sightings that 00:13:25.000 --> 00:13:27.559 have caught people's attention. In Innsbruck, 00:13:27.559 --> 00:13:30.840 Austria, a massive Bitcoin logo was projected 00:13:30.840 --> 00:13:33.690 onto a historic castle. What a sight to behold. 00:13:34.409 --> 00:13:36.169 It just goes to show the growing recognition 00:13:36.169 --> 00:13:38.450 and presence of Bitcoin in various parts of the 00:13:38.450 --> 00:13:41.549 world. And let's not forget Zurich Airport in 00:13:41.549 --> 00:13:44.129 Switzerland, where an eagle -eyed individual 00:13:44.129 --> 00:13:47.370 recently spotted something intriguing. A Bitcoin 00:13:47.370 --> 00:13:49.669 enthusiast shared a photo of what looks like 00:13:49.669 --> 00:13:51.809 a Bitcoin -related display or signage at the 00:13:51.809 --> 00:13:54.330 airport. The signs are quite literally everywhere, 00:13:54.389 --> 00:13:57.669 my friends. Now let's take a moment to reflect 00:13:57.669 --> 00:14:00.330 on the origins of Bitcoin and debunk a common 00:14:00.330 --> 00:14:02.929 misconception. It's important to understand that 00:14:02.929 --> 00:14:05.789 Bitcoin didn't magically appear out of thin air. 00:14:06.149 --> 00:14:09.009 It was built upon decades of innovation, experiments, 00:14:09.210 --> 00:14:12.110 and failures. This reality challenges the notion 00:14:12.110 --> 00:14:14.250 that someone can simply create a better version, 00:14:14.389 --> 00:14:16.970 too, of Bitcoin overnight. So let's appreciate 00:14:16.970 --> 00:14:19.269 the underlying foundation and history that has 00:14:19.269 --> 00:14:22.190 brought us to this point. Now, brace yourselves 00:14:22.190 --> 00:14:25.330 for a rather amusing sighting. The skull of Satoshi 00:14:25.330 --> 00:14:28.250 was spotted on the streets of NYC. Okay, let's 00:14:28.250 --> 00:14:30.720 not jump to conclusions here. We're not saying 00:14:30.720 --> 00:14:33.779 Satoshi Nakamoto has been resurrected, but it's 00:14:33.779 --> 00:14:36.480 always interesting to see the creative ways in 00:14:36.480 --> 00:14:39.379 which Bitcoin enthusiasts express their passion 00:14:39.379 --> 00:14:42.360 and support for this groundbreaking technology. 00:14:43.139 --> 00:14:45.679 Now here's some exciting news. The number of 00:14:45.679 --> 00:14:49.000 non -zero addresses holding less than 0 .1 Bitcoin 00:14:49.000 --> 00:14:52.490 has reached a new all -time high. This shows 00:14:52.490 --> 00:14:54.990 that people from all walks of life are participating 00:14:54.990 --> 00:14:57.730 in the Bitcoin ecosystem, and it's encouraging 00:14:57.730 --> 00:15:00.210 to see the widespread adoption and involvement. 00:15:00.889 --> 00:15:02.730 And speaking of involvement, let's take a moment 00:15:02.730 --> 00:15:05.629 to appreciate the enthusiasm of the Bitcoin community, 00:15:06.309 --> 00:15:09.309 also known as plebs. These individuals are spreading 00:15:09.309 --> 00:15:11.669 the message and actively promoting the benefits 00:15:11.669 --> 00:15:14.590 and potential of Bitcoin. Their dedication and 00:15:14.590 --> 00:15:16.990 effort are vital in ensuring the continued growth 00:15:16.990 --> 00:15:20.110 and success of this decentralized digital currency. 00:15:20.409 --> 00:15:23.389 We're not done yet. Let's take a trip to Istanbul, 00:15:23.929 --> 00:15:25.950 where signs of Bitcoin's transformative power 00:15:25.950 --> 00:15:28.389 are becoming increasingly evident. Although it 00:15:28.389 --> 00:15:30.789 may not be considered a global Bitcoin hub just 00:15:30.789 --> 00:15:33.750 yet, the Bitcoin explorers are on a journey to 00:15:33.750 --> 00:15:36.669 explore Turkey's transformation amidst the staggering 00:15:36.669 --> 00:15:40.590 60 % annual inflation rate. It's an eye -opening 00:15:40.590 --> 00:15:44.169 adventure that showcases the true value and impact 00:15:44.169 --> 00:15:47.970 of Bitcoin in different parts of the world. Last 00:15:47.970 --> 00:15:50.970 but not least, Let's make a quick stop in Finland. 00:15:51.610 --> 00:15:54.009 It seems that paying with Bitcoin is becoming 00:15:54.009 --> 00:15:57.850 more commonplace, even at restaurants. Here we 00:15:57.850 --> 00:16:00.250 have an example of paying with Bitcoin using 00:16:00.250 --> 00:16:02.610 the lightning network at a restaurant in Finland. 00:16:03.169 --> 00:16:05.909 It's remarkable to see how Bitcoin is being integrated 00:16:05.909 --> 00:16:09.809 into our everyday transactions. So let's keep 00:16:09.809 --> 00:16:11.750 our eyes peeled for further developments and 00:16:11.750 --> 00:16:14.490 opportunities within the world of Bitcoin. Remember, 00:16:14.529 --> 00:16:17.470 we're still in the early stages. and the potential 00:16:17.470 --> 00:16:20.669 for growth and innovation is practically limitless. 00:16:21.289 --> 00:16:23.690 Until next time, fellow Bitcoin enthusiasts. 00:16:30.710 --> 00:16:33.710 Hey there! Let's dive into some interesting Bitcoin 00:16:33.710 --> 00:16:35.750 news and updates that have been making waves 00:16:35.750 --> 00:16:38.610 recently. First up, we have the third iteration 00:16:38.610 --> 00:16:42.009 of the Bitcoin house heater prototype. This innovative 00:16:42.009 --> 00:16:45.049 concept aims to combine heating your home with 00:16:45.049 --> 00:16:47.549 mining Bitcoin. It's an exciting development 00:16:47.549 --> 00:16:49.789 that shows the creative ways in which cryptocurrencies 00:16:49.789 --> 00:16:52.669 can be integrated into everyday life. In more 00:16:52.669 --> 00:16:55.090 news, Prince Philip of Serbia is set to speak 00:16:55.090 --> 00:16:57.850 at Bitcoin Amsterdam. He believes that we need 00:16:57.850 --> 00:17:00.769 a form of currency that is resistant to inflation. 00:17:01.289 --> 00:17:03.669 And according to him, Bitcoin is the solution. 00:17:04.069 --> 00:17:05.890 It's always interesting to see public figures 00:17:05.890 --> 00:17:08.490 voicing their support for cryptocurrencies and 00:17:08.490 --> 00:17:11.910 exploring potential use cases. Now on to some 00:17:11.910 --> 00:17:15.029 regulatory news. The SEC in the United States 00:17:15.029 --> 00:17:17.690 has taken action against Binance US requesting 00:17:17.690 --> 00:17:20.690 an inspection. The regulatory body claims that 00:17:20.690 --> 00:17:22.849 the exchange has failed to produce the required 00:17:22.849 --> 00:17:25.170 documents for their ongoing legal proceedings. 00:17:25.730 --> 00:17:28.109 This further emphasizes the importance of owning 00:17:28.109 --> 00:17:30.630 your own private keys and not leaving your funds 00:17:30.630 --> 00:17:33.269 on exchanges. Speaking of not leaving your funds 00:17:33.269 --> 00:17:35.730 on exchanges, it's worth reiterating that if 00:17:35.730 --> 00:17:38.029 you haven't already, it's a good idea to move 00:17:38.029 --> 00:17:40.609 your cryptocurrencies to a safer storage solution. 00:17:40.940 --> 00:17:44.859 not your keys, not your coins, is a common saying 00:17:44.859 --> 00:17:47.859 in the crypto space, emphasizing the need for 00:17:47.859 --> 00:17:51.039 users to control their own private keys and ultimately 00:17:51.039 --> 00:17:54.240 have full control over their funds. Bitcoin adoption 00:17:54.240 --> 00:17:57.680 continues to spread globally. In Oshochal, Costa 00:17:57.680 --> 00:18:00.799 Rica, Bitcoin is now accepted as a form of payment. 00:18:01.420 --> 00:18:03.660 This highlights the growing interest and acceptance 00:18:03.660 --> 00:18:06.079 of cryptocurrencies in various communities around 00:18:06.079 --> 00:18:09.619 the world. Similarly, in Uruguay, People can 00:18:09.619 --> 00:18:12.059 even use Bitcoin Lightning to purchase snacks. 00:18:12.700 --> 00:18:14.920 This demonstrates how cryptocurrencies can provide 00:18:14.920 --> 00:18:17.339 fast and convenient payment options in everyday 00:18:17.339 --> 00:18:20.559 transactions. On the technical side of things, 00:18:20.900 --> 00:18:22.900 the Bitcoin network is about to experience a 00:18:22.900 --> 00:18:25.319 difficulty adjustment in less than 11 hours. 00:18:25.900 --> 00:18:29.339 This adjustment, about a 5 .3 % increase, ensures 00:18:29.339 --> 00:18:31.880 that the block time remains relatively stable 00:18:31.880 --> 00:18:35.490 despite fluctuations in mining power. These adjustments 00:18:35.490 --> 00:18:37.890 help maintain the reliable and predictable nature 00:18:37.890 --> 00:18:40.589 of the Bitcoin network. It's always interesting 00:18:40.589 --> 00:18:43.069 to compare Bitcoin to other forms of wealth storage. 00:18:43.549 --> 00:18:45.769 Some argue that Bitcoin is superior to gold. 00:18:46.470 --> 00:18:48.529 This ongoing debate prompts discussions about 00:18:48.529 --> 00:18:50.849 the characteristics and value propositions of 00:18:50.849 --> 00:18:54.210 both assets. Each has its unique qualities, but 00:18:54.210 --> 00:18:56.450 Bitcoin's decentralized and scarce nature has 00:18:56.450 --> 00:18:59.029 won over many enthusiasts. Shifting our focus 00:18:59.029 --> 00:19:01.950 to the financial world, Japanese investment bank 00:19:01.950 --> 00:19:04.789 Nomura's crypto arm Laser Digital has launched 00:19:04.789 --> 00:19:07.750 a Bitcoin fund. This move shows that Asia is 00:19:07.750 --> 00:19:09.670 taking notice of what is happening in the United 00:19:09.670 --> 00:19:12.329 States and the lessons they can learn from its 00:19:12.329 --> 00:19:14.789 adoption of cryptocurrencies. It's encouraging 00:19:14.789 --> 00:19:17.130 to see more institutional players getting involved 00:19:17.130 --> 00:19:20.089 in the crypto space. Now let's talk about some 00:19:20.089 --> 00:19:22.269 interesting transactions that happened recently. 00:19:22.890 --> 00:19:25.769 A Bitcoin whale who had been inactive for six 00:19:25.769 --> 00:19:28.490 years made a significant move by transferring 00:19:28.490 --> 00:19:31.759 2100 Bitcoin to a new address. The interesting 00:19:31.759 --> 00:19:35.500 part is that this transfer resulted in a 377 00:19:35.500 --> 00:19:39.079 % profit for the whale. It's fascinating to see 00:19:39.079 --> 00:19:41.339 such large -scale movements in the crypto space 00:19:41.339 --> 00:19:44.660 and the potential gains that can be made. There's 00:19:44.660 --> 00:19:47.059 a tweet from Seb Bunny that caught our attention, 00:19:47.500 --> 00:19:50.200 highlighting why Bitcoin is not just a typical 00:19:50.200 --> 00:19:53.160 crypto asset. It's an intriguing perspective 00:19:53.160 --> 00:19:55.579 that delves into the unique characteristics and 00:19:55.579 --> 00:19:58.019 properties of Bitcoin that differentiate it from 00:19:58.019 --> 00:20:00.759 other cryptocurrencies. If you're curious to 00:20:00.759 --> 00:20:02.819 explore this further, you can find the tweet 00:20:02.819 --> 00:20:05.740 by following the link provided. Bitcoin dominance 00:20:05.740 --> 00:20:09.579 has again risen above 50%. This means that Bitcoin's 00:20:09.579 --> 00:20:12.619 market capitalization is now larger than 50 % 00:20:12.619 --> 00:20:15.420 of the entire cryptocurrency market. It's an 00:20:15.420 --> 00:20:18.019 interesting metric to track, as it gives insights 00:20:18.019 --> 00:20:20.720 into Bitcoin's position as the dominant cryptocurrency. 00:20:21.579 --> 00:20:24.279 Finally, we turn our attention to El Salvador's 00:20:24.279 --> 00:20:27.180 president, Nayib Bukele. He is set to deliver 00:20:27.180 --> 00:20:29.970 a speech at the United Nations and many are curious 00:20:29.970 --> 00:20:32.710 if he will mention Bitcoin. As you may know, 00:20:33.049 --> 00:20:35.410 El Salvador was the first country to adopt Bitcoin 00:20:35.410 --> 00:20:37.950 as legal tender. It's an exciting development 00:20:37.950 --> 00:20:40.289 and a bold move that has caught global attention. 00:20:40.829 --> 00:20:43.950 So there you have it. That wraps up our overview 00:20:43.950 --> 00:20:46.750 of recent Bitcoin news and updates. The world 00:20:46.750 --> 00:20:49.069 of cryptocurrencies is always evolving and these 00:20:49.069 --> 00:20:51.210 stories highlight the diverse range of events 00:20:51.210 --> 00:20:53.769 and developments occurring in the space. Stay 00:20:53.769 --> 00:20:56.049 tuned for more exciting updates in the future. 00:20:59.279 --> 00:21:01.619 Hey there! Let's dive into some interesting news 00:21:01.619 --> 00:21:04.519 about Bitcoin. Last week, the Bitcoin network 00:21:04.519 --> 00:21:08.259 broke its own record by processing over 703 ,000 00:21:08.259 --> 00:21:11.940 transactions in a single day. That's truly remarkable. 00:21:12.339 --> 00:21:14.599 It shows the increasing popularity and usage 00:21:14.599 --> 00:21:18.059 of this digital currency. What's even more impressive 00:21:18.059 --> 00:21:20.500 is that the supply of Bitcoin that hasn't been 00:21:20.500 --> 00:21:22.740 moved for three or more years has reached an 00:21:22.740 --> 00:21:26.160 all -time high. It has soared to over 40 % since 00:21:26.160 --> 00:21:29.349 September 17th. This indicates that more people 00:21:29.349 --> 00:21:31.690 are holding onto their Bitcoin as a long -term 00:21:31.690 --> 00:21:34.430 investment. In other parts of the world, Bitcoin 00:21:34.430 --> 00:21:37.230 is making waves too. A recent report has found 00:21:37.230 --> 00:21:39.950 that Bitcoin transactions have gone up by more 00:21:39.950 --> 00:21:43.789 than 10 % in Nigeria and Uganda. This surge in 00:21:43.789 --> 00:21:46.210 activity can be attributed to the rising inflation 00:21:46.210 --> 00:21:48.890 in these African countries. People are turning 00:21:48.890 --> 00:21:51.069 to Bitcoin as a way to protect their wealth. 00:21:52.049 --> 00:21:54.349 Bitcoin is often hailed as freedom money because 00:21:54.349 --> 00:21:57.680 of its decentralized nature. It provides individuals 00:21:57.680 --> 00:22:00.359 with financial sovereignty and cuts out the need 00:22:00.359 --> 00:22:03.440 for intermediaries like banks. It's no surprise 00:22:03.440 --> 00:22:05.380 that its liquidity on exchanges is approaching 00:22:05.380 --> 00:22:09.119 a six -year low. With only 2 .29 million Bitcoin 00:22:09.119 --> 00:22:12.039 units available for trading, it's becoming scarcer 00:22:12.039 --> 00:22:14.900 by the day. But the excitement doesn't stop there. 00:22:15.279 --> 00:22:17.319 The Bitcoin network has just hit a new record 00:22:17.319 --> 00:22:20.420 for Hashrati. This means that the computing power 00:22:20.420 --> 00:22:23.220 dedicated to mining Bitcoin has reached an all 00:22:23.220 --> 00:22:26.079 -time high. This achievement further strengthens 00:22:26.079 --> 00:22:28.700 the security and resilience of the Bitcoin network. 00:22:29.640 --> 00:22:32.240 In a surprising turn of events, a newly surfaced 00:22:32.240 --> 00:22:35.059 video features Hal Finney, a legendary figure 00:22:35.059 --> 00:22:38.440 in the Bitcoin space. In the video recorded 25 00:22:38.440 --> 00:22:41.839 years ago at a conference called Crypto 98, Finney 00:22:41.839 --> 00:22:44.779 discusses zero -knowledge proofs. It's incredible 00:22:44.779 --> 00:22:46.740 to hear his voice and witness his forward -thinking 00:22:46.740 --> 00:22:49.700 ideas from all those years ago. It's a testament 00:22:49.700 --> 00:22:51.720 to the visionary minds that have contributed 00:22:51.720 --> 00:22:54.640 to the development of Bitcoin. Bitcoin's influence 00:22:54.640 --> 00:22:57.339 has even reached the Netherlands, where the Libertarian 00:22:57.339 --> 00:23:00.119 Party erected a billboard proclaiming, Bitcoin 00:23:00.119 --> 00:23:03.099 is the future. This shows that there is a growing 00:23:03.099 --> 00:23:06.059 awareness and acceptance of Bitcoin as a transformative 00:23:06.059 --> 00:23:08.819 technology. However, it's interesting to note 00:23:08.819 --> 00:23:11.700 that despite this belief, some people still prefer 00:23:11.700 --> 00:23:14.400 to trade their Bitcoin for traditional fiat currencies 00:23:14.400 --> 00:23:16.920 instead of holding on to this truly limited and 00:23:16.920 --> 00:23:19.940 valuable asset. Finally, let's talk about some 00:23:19.940 --> 00:23:23.359 visual expressions of Bitcoin appreciation. Street 00:23:23.359 --> 00:23:26.380 art dedicated to Bitcoin has emerged in Barcelona, 00:23:26.559 --> 00:23:28.960 Spain. It's great to see how this innovative 00:23:28.960 --> 00:23:31.599 currency has inspired artists to create vibrant 00:23:31.599 --> 00:23:34.200 and captivating works that capture the essence 00:23:34.200 --> 00:23:37.660 of Bitcoin's disruptive power. To conclude, as 00:23:37.660 --> 00:23:40.559 Samson Moe rightly said, Bitcoin is an energy 00:23:40.559 --> 00:23:43.759 -based money in the form of information. It supersedes 00:23:43.759 --> 00:23:46.220 regulation. You cannot regulate information. 00:23:46.670 --> 00:23:49.369 This statement reflects the true essence of Bitcoin, 00:23:49.930 --> 00:23:52.670 its decentralized nature, and its potential to 00:23:52.670 --> 00:24:06.390 revolutionize the financial landscape. In this 00:24:06.390 --> 00:24:09.009 episode we discussed a range of topics including 00:24:09.009 --> 00:24:11.269 Deutsche Bank partnering with Taurus for Bitcoin 00:24:11.269 --> 00:24:14.349 custody, Macquarie Bank eliminating cash at branches, 00:24:14.910 --> 00:24:18.250 Binance US executives resigning. Bitcoin adoption 00:24:18.250 --> 00:24:21.410 in Costa Rica. F2Pool returning overpaid fees 00:24:21.410 --> 00:24:24.630 to Paxos. Australian banks cracking down on cash 00:24:24.630 --> 00:24:27.829 withdrawals. The latest Bitcoin halving. NAB 00:24:27.829 --> 00:24:30.630 closing an account without explanation. Bitcoin 00:24:30.630 --> 00:24:33.910 surpassing PayPal and nearing Visa. Bitcoin adoption 00:24:33.910 --> 00:24:36.789 in Lebanon. The release of a Bitcoin house heater 00:24:36.789 --> 00:24:39.349 prototype. Prince Philip of Serbia speaking at 00:24:39.349 --> 00:24:42.329 Bitcoin Amsterdam. The SEC requesting inspection 00:24:42.329 --> 00:24:45.720 of Binance US. Bitcoin being accepted in Oochal, 00:24:46.019 --> 00:24:49.019 Costa Rica, Bitcoin difficulty adjustment, Nomura 00:24:49.019 --> 00:24:52.160 launching a Bitcoin fund, Bitcoin Hashrate reaching 00:24:52.160 --> 00:24:54.900 an all -time high, a Bitcoin whale transferring 00:24:54.900 --> 00:24:58.359 2100 Bitcoin at profit, Bitcoin dominance remaining 00:24:58.359 --> 00:25:01.259 above 50%, and President Buccalay potentially 00:25:01.259 --> 00:25:04.380 mentioning Bitcoin in a UN speech, as well as 00:25:04.380 --> 00:25:07.059 KSI explaining Bitcoin, Bitcoin transactions 00:25:07.059 --> 00:25:09.420 surging in Nigeria and Uganda due to inflation, 00:25:09.740 --> 00:25:11.880 and why Bitcoin is considered freedom money and 00:25:11.880 --> 00:25:14.289 an energy -based currency. Thank you for tuning 00:25:14.289 --> 00:25:17.769 into the Bitcoin Street Journal. Bitcoin Market 00:25:17.769 --> 00:25:20.710 Update, your go -to source for daily live Bitcoin 00:25:20.710 --> 00:25:23.950 market updates, current Bitcoin technical analysis, 00:25:24.529 --> 00:25:27.930 BTC price fluctuations, market capitalization, 00:25:28.430 --> 00:25:30.890 and market supply. Make sure to subscribe and 00:25:30.890 --> 00:25:32.109 join us for our next episode.