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The Bitcoin Street Journal Bitcoin Market Update Episode 26 Week 24

Author
The Bitcoin CEO
Published
Mon 19 Jun 2023
Episode Link
https://rss.com/podcasts/thebitcoinstreetjournal/1003468

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 on the latest happenings in the ever-evolving world of cryptocurrency. Be sure to hit the subscribe button to stay informed and never miss an episode! In today's episode, we'll cover sustainable bitcoin mining, legal charges against Sam Bankman-Fried for XRP and DOGE trade, a bitcoin ATM operator's lawsuit against local sheriff over crypto scam, NY's ban on CoinEx, and Salesforce's $6M investment in NFT firm Mnemonic.In this week's episode of The Bitcoin Street Journal's Market Update, we've got some interesting news to share! New research has found that Bitcoin mining is the most sustainable sector of the economy, with 52.6% of its energy usage coming from sustainable sources. This is good news for those who've been concerned about the environmental impact of Bitcoin mining. Moving on to legal news, it seems Sam Bankman-Fried, also known as SBF, may not serve any jail time after the Feds quietly dropped five charges against him. The remaining charges will be plea-bargained away. Bitcoin dominance has soared to a two-year high as BTC maintains $26K, while other altcoins like XRP and DOGE have only seen insignificant gains on a daily scale. If you're interested in learning about this week's worst performers, we've got an analysis of LDO, ADA, APT, SOL, and MATIC for you. In exciting news, the Hinman Speech was unsealed in the process of Ripple's case against the SEC, revealing some spicy information that has just recently become public for the first time. Unfortunately, it isn't all good news for crypto this week. ETH has crashed 6% daily, and some are predicting $1500 to be the next target. On the regulatory front, Brazil's president has empowered the Central Bank as a crypto regulator. South Korean crypto lender has also suspended withdrawals. However, there's some positive news too. The mayor of Miami, who is known for being a Bitcoin lover, has joined the US presidential race. Voyager is set to enable customer withdrawals this month, and BlackRock has filed a Bitcoin spot ETF application and tapped Coinbase. In other news, we've got stories about OKCoin being warned by the FDIC over promotional material, Binance exiting Netherlands after failing to secure a VASP license, and Arthur Hayes claiming removal of US retail investors from the crypto capital market is misplaced. CZ refutes reports that Binance's French branch was under investigation. Stablecoin DAI has surpassed BUSD amid the Binance-SEC regulatory row. However, Binance.US resort to job cuts as it prepares for long and costly litigation with the SEC. Do Kwon's detention in Montenegro could be extended by another six months, and Binance launches a Bitcoin transaction accelerator and teases a layer-2 solution. Finally, we've got some heartwarming news. The crypto community has come together to donate over $600K in hours after ZachXBT was sued. On the other hand, an American Express-backed crypto platform is slammed with fraud charges by a Texas regulator. In the world of cryptocurrency news, things are always moving pretty fast. Let's dive right in with our first story - apparently there was a crypto scam in Texas that led to a lawsuit between a Bitcoin ATM operator and a local sheriff. According to reports, things got pretty messy, but we don't have all the juicy details just yet.

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