WEBVTT 00:00:05.920 --> 00:00:08.980 Welcome to the Bitcoin Street Journal, your daily 00:00:08.980 --> 00:00:12.220 source for live market updates, technical analysis, 00:00:12.900 --> 00:00:15.779 and breaking news regarding Bitcoin. Stay up 00:00:15.779 --> 00:00:18.160 to date with the latest Bitcoin trends, market 00:00:18.160 --> 00:00:21.059 capitalization and supply, as well as financial 00:00:21.059 --> 00:00:23.719 and economic news by subscribing to our podcast. 00:00:24.359 --> 00:00:26.679 Join us on the journey through the world of Bitcoin 00:00:26.679 --> 00:00:29.829 and its impact on our daily lives. In today's 00:00:29.829 --> 00:00:33.210 episode, we'll cover the recent drop in BTC and 00:00:33.210 --> 00:00:36.689 altcoin prices due to regulatory pressure, the 00:00:36.689 --> 00:00:40.130 inability of Ethereum to surpass $2 ,000, and 00:00:40.130 --> 00:00:42.909 the US government's objection to Bittrex's proposal. 00:00:51.670 --> 00:00:55.210 In today's TGIF headline news edition of the 00:00:55.210 --> 00:00:57.619 Bitcoin Street Journal, we'll be diving into 00:00:57.619 --> 00:00:59.859 the latest news from the cryptocurrency world. 00:01:00.539 --> 00:01:03.020 Despite recent blows to top cryptocurrency exchanges 00:01:03.020 --> 00:01:06.459 like Coinbase and Binance due to regulatory crackdowns, 00:01:06.659 --> 00:01:09.680 Bitcoin investors remain resilient. The prices 00:01:09.680 --> 00:01:12.819 of BTC and other altcoins have taken a hit, but 00:01:12.819 --> 00:01:15.700 the market is still holding strong. Moving on 00:01:15.700 --> 00:01:18.420 to Ethereum, a Bloomberg analyst has noted that 00:01:18.420 --> 00:01:20.480 the cryptocurrency is having trouble breaking 00:01:20.480 --> 00:01:23.920 the $2 ,000 mark, much like gold. This is despite 00:01:23.920 --> 00:01:27.560 a bullish month for the Nasdaq 100. In other 00:01:27.560 --> 00:01:30.260 news, the US government has objected to Bittrex's 00:01:30.260 --> 00:01:32.939 plan to enable withdrawals, sparking a hearing 00:01:32.939 --> 00:01:35.780 on the matter in June. Meanwhile, Australia's 00:01:35.780 --> 00:01:38.719 largest bank has temporarily ceased certain payments 00:01:38.719 --> 00:01:41.680 to crypto exchanges, a significant turnaround 00:01:41.680 --> 00:01:44.000 for the bank, which had previously planned to 00:01:44.000 --> 00:01:47.260 enable crypto trading on its banking app. Additionally, 00:01:47.640 --> 00:01:50.390 Binance US is undergoing changes. transitioning 00:01:50.390 --> 00:01:53.329 to a crypto only platform and suspending USD 00:01:53.329 --> 00:01:56.549 operations. However, the SEC battle continues 00:01:56.549 --> 00:01:58.870 with banks now distancing themselves from the 00:01:58.870 --> 00:02:01.629 exchange. The outcome of Ripple's class action 00:02:01.629 --> 00:02:03.670 lawsuit could have important implications for 00:02:03.670 --> 00:02:06.489 other exchanges like Coinbase and Binance, according 00:02:06.489 --> 00:02:09.050 to a lawyer following the case. And in the world 00:02:09.050 --> 00:02:12.009 of AI, venture capitalist Mark Andreessen has 00:02:12.009 --> 00:02:14.550 warned against a government protected cartel 00:02:14.550 --> 00:02:17.469 of major AI companies and urged that the market 00:02:17.469 --> 00:02:21.189 should determine success. Finally, UK authors 00:02:21.189 --> 00:02:23.270 are being advised to protect their work from 00:02:23.270 --> 00:02:26.210 AI and cryptocurrency investment firm Galaxy 00:02:26.210 --> 00:02:29.270 Digital is accelerating its plans to move offshore 00:02:29.270 --> 00:02:32.669 due to legislative stalemates in the US. Stay 00:02:32.669 --> 00:02:34.590 tuned for more news and updates in the world 00:02:34.590 --> 00:02:46.319 of cryptocurrency. Thanks for tuning into today's 00:02:46.319 --> 00:02:49.159 episode where we discussed how BTC and altcoins 00:02:49.159 --> 00:02:52.979 prices dropped amid regulatory crusades, Ethereum 00:02:52.979 --> 00:02:55.960 struggled to break the $2 ,000 mark, and the 00:02:55.960 --> 00:02:58.340 U .S. government's objection to Bittrex proposal. 00:02:59.180 --> 00:03:01.500 Be sure to subscribe and catch us at the next 00:03:01.500 --> 00:03:01.960 episode.