The Bitcoin Street Journal Bitcoin Market Update Episode 10 Week 20

Welcome to The Bitcoin Street Journal Bitcoin Market Update, episode 10 on week 20, Friday, May 26th, 2023. Stay ahead of the game and avoid government and central bank interference with your Bitcoin investment by tuning in daily for live market updates, technical analysis, and breaking news. Don't miss out on important information - subscribe now to stay updated on the latest in the world of Bitcoin. In today's episode, we'll cover Gemini's expansion into Europe and their plan to stay in the US despite regulatory pressure, Bitcoin and Ethereum's performance amid a options expiry event and loss of trader sentiment, as well as DJ Steve Aoki falling victim to crypto theft in a phishing scam.Gemini, the cryptocurrency exchange run by Tyler and Cameron Winklevoss, has chosen the Republic of Ireland as its European home. Amid increasing regulatory pressure in the United States, the Winklevoss twins see the Emerald Isle as an “entry point” into the rest of Europe. The decision followed a meeting between the crypto co-founders, the Irish Prime Minister Leo Varadkar, and the representatives of the Industrial Development Agency responsible for foreign investment into Ireland. Gemini CEO Tyler Winklevoss stated that Markets in Crypto Assets (MiCA) is that common sense regulation. Gemini was the first crypto company to be registered as a Virtual Asset Service Provider by the Central Bank of Ireland in July 2022, and in an interview with The Irish Times, Gemini's president Cameron Winklevoss said that Ireland will be the exchange’s “entry point” into the rest of Europe once the MiCA regulation is fully implemented across the EU by 2025.Gemini, the cryptocurrency exchange co-founded by the Winklevoss twins, has been charged by the Securities and Exchange Commission (SEC) for selling unregistered securities related to their Earn program, which has since been terminated. The penalty prompted Gemini's co-founders to look for alternative jurisdictions. Cameron Winklevoss stated that there are "so many headwinds right now in the U.S. it's hard to get anything done there. And so in order to keep building our business and invest in hiring, we have to look elsewhere." They visited London and met with officials at the Financial Conduct Authority (FCA) and the Bank of England. Despite considering the UK as a potential new base, they have no intention of leaving the U.S. entirely. According to Cameron, "We're not leaving the US, we're going to continue to fight the good fight there. But we also understand that you can vote with your feet, and that's our right, and we will do that when faced with a hostile environment."