Welcome to the Bitcoin Street Journal, your go
-to podcast for daily live updates on the world
of Bitcoin markets. With current live Bitcoin
technical analysis, up -to -date information
on Bitcoin, BTC price, market capitalization
and market supply, you'll always be in the know
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In today's episode, we'll cover the latest news
on crypto exchanges and regulatory updates, followed
by insights into cryptocurrency conferences,
DeFi tokens, Ripple gains, and investment plans
of some of the major players in the industry.
FTX CEO John Wray has confirmed plans to restart
the exchange. According to court documents, Wray
has been working on the relaunch throughout April.
Unsurprisingly, the price of FTT has increased
by 13 percent. But that's not all. China's central
television network has just announced that Hong
Kong is allowing retail investors to buy Bitcoin.
This is big news for the crypto market, although
trading volumes across crypto exchanges are at
their lowest levels since 2020, despite the surge
in Bitcoin's price. Interestingly, Africa is
leading in the number of Google searches for
Bitcoin mining. It seems like the world is catching
on to the potential of crypto. In other news,
the top 10 largest stocks in the world are now
worth a combined $13 .60 trillion. That's a lot
of money. In terms of politics, the US default
is off after Joe Biden and Republican Kevin McCarthy
reached a tentative agreement to raise the national
debt ceiling for two years. However, congressional
approval is still needed to complete the deal.
Did you know that the United Arab Emirates is
the country with the highest percentage of its
population owning crypto? Coming in at a close
second is Turkey. However, with the rise of crypto
comes the issue of security. A cumulative amount
of nearly tilde dollar three. 45B has been stolen
from crypto exchange custody from 48 recorded
hacks since 2012. In other news, Congress has
cut the proposed Biden Bitcoin and crypto mining
tax from the debt ceiling deal. Finally, the
supply of Tether USDT has reached an all -time
high, surpassing its previous record of $83 .6
billion. The stablecoin supply has spiked significantly
on Tron due to its speed and low fees. Well,
someone bought a loaf of bread with a Bitcoin
wallet baked inside. While the conference's latest
iteration was notably smaller and less exuberant
than in past years, it still managed to break
new barriers for extravagance. In other news,
investors have seemingly lost interest in blue
chip tokens like Uniswap and Maker, which helped
kickstart the 2020 bull run. Blockchain data
firm Glassnode reported a downturn in the interest
of these tokens, largely due to Ethereum seducing
investors with its new staking feature. With
Ethereum's staking feature, investors can earn
returns on the cryptocurrency with less risk
and more reward, up to 4 % APR. In less savory
news, authorities uncovered that a TikTok influencer
used Bitcoin to launder more than $420 ,000 in
COVID relief loans. Danny Devin allegedly used
the money to settle debts and send money to his
girlfriend. Despite these ups and downs in the
crypto world, The Galaxy digital boss, Mike Novogratz,
believes that crypto adoption is still on the
rise despite declining interest from institutional
investors. Additionally, Silvergate has been
ordered to submit a liquidation plan within 10
days to prioritize user payouts and restrict
exit packages for executives. On the brighter
side, CCTP is coming to Arbitrum after the launch
of native USDC to eliminate withdrawal delays.
Lastly, Gemini is seeking a UAE license to serve
customers based in the Emirates, while CleanSpark
confirms another heavy investment in mining equipment,
adding to nine figures worth of machines purchased.
It's been an eventful week in the world of crypto,
with ups and downs, twists and turns. Thanks
for tuning into today's episode, where we covered
a range of topics including the FTX CEO's plans
to restart exchanges, China's allowance of retail
investment in Bitcoin, influential gains made
by Ripple, CleanSpark's multi -million investment
in Bitcoin mining machines, and much more. Don't
forget to subscribe for future updates.