The Bitcoin Street Journal Bitcoin Market Update Episode 14 Week 22

Welcome to The Bitcoin Street Journal, your daily source for live market updates, technical analysis, and breaking news regarding Bitcoin. Stay up-to-date with the latest Bitcoin trends, market capitalization and supply, as well as financial and economic news by subscribing to our podcast. Join us on the journey through the world of Bitcoin and its impact on our daily lives. In today's episode, we'll cover the encouragement of competition in CBDCs, the security of SAND token, uncertain effects of MiCA regulation on crypto, the increase of DeFi trading, NFT sneakers by Puma and NBA, the GameStop CEO firing, SEC targeting centralized exchanges, ChatGPT accused of defamation, the influence of Apple's Vision Pro on Web3 metaverse, and the different allegations in Binance and Coinbase SEC lawsuits. Additionally, we'll discuss ARK Invest's purchase of $22M in Coinbase after a price drop, Arianee CEO's thoughts on NFTs, food artist creations being turned into NFTs, and allegations that the SEC Chair offered to serve as Binance advisor in 2019.Central banks have been urged to "embrace competition" on CBDCs by Jón Helgi Egilsson, a former chairman of the Icelandic central bank. He believes that central banks should not dominate CBDCs. The Sandbox COO stated that they do not agree with the SEC labeling SAND token a security, as it is business as usual for now. When it comes to MiCA jumpstarting crypto in the EU, Kraken's EU policy head said that "it does give us that legal certainty that we needed, but it’s just really a part of the story." SAG-AFTRA members seek “informed consent and fair compensation” if AI is used to recreate an actor’s likeness. Decentralized finance trading has surged by 41% after back-to-back SEC enforcement actions against centralized exchanges. Puma has teamed up with NBA star LeMelo Ball to launch a limited-edition pair of sneakers featuring Gutter Cat Gang branding. Words with Friends and Wildcard creator Paul Bettner is "allergic" to pay-to-win NFTs. The SEC has focused on Proof-of-Stake coins, leaving Bitcoin and other Proof-of-Work blockchains unfazed by the current regulatory push. Despite Hong Kong trying to be a crypto hub again, it doesn’t mean China is following suit. Georgia-based broadcaster sues OpenAI for libel after ChatGPT allegedly said he embezzled funds. Apple's Vision Pro could inject much-needed life into the sagging metaverse industry, but can the tech giant complement Web3's open ethos? The SEC has gone after two major crypto brands this week, Binance and Coinbase, but with very different allegations.ARK Invest recently purchased $22 million worth of Coinbase shares after the company's stock price dropped. In another story, Pierre Nicolas Hurstel, the CEO and co-founder of Arianee, discusses the future of NFTs and how they will be utilized in the wine and spirits industry. Performance artist Foodmasku also shares how a simple question about protecting his digital files during the COVID lockdowns led him to create a collection of his edible works as NFTs. Meanwhile, documents filed in the SEC and Binance court case allege that SEC Chair Gary Gensler had previously offered to serve as a Binance advisor. Additionally, the ongoing legal battle between the SEC and Coinbase has caused trouble for many cryptocurrency executives, leading to Robinhood reviewing its crypto offering and Binance US delisting 101 trading pairs following an SEC freezing order. These stories and more are making headlines in the crypto world.On today's episode, we discussed the competition in CBDCs, DeFi trading increases, the latest NFT sneakers, SEC's lawsuits against ChatGPT, Coinbase, and Binance, and ARK Invest's purchase of $22M in Coinbase stock - thank you for tuning in, don't forget to subscribe!