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The Bitcoin Street Journal Bitcoin Market Update Episode 27 Week 24

Author
The Bitcoin CEO
Published
Wed 21 Jun 2023
Episode Link
https://rss.com/podcasts/thebitcoinstreetjournal/1006384

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 the launch of EDX Markets crypto exchange with backing from Citadel Securities, Fidelity, and Schwab; Bitcoin breaking $28k high; chatbots not meeting EU AI standards; CME reflecting bullish activity but also discussing the risks of holding Bitcoin on an exchange; the importance of practicing small transactions to gain proficiency. Additionally, we'll discuss a new restaurant in town that offers a unique dining experience with fresh ingredients, vegetarian/vegan options, cozy atmosphere, and friendly staff.Have you heard about the newest crypto exchange backed by Citadel Securities, Fidelity, and Schwab? EDX Markets has officially started its operations, bringing the best of Wall Street to a technology aimed at replacing it. Bitcoin has been making waves lately, with the volume of BTC traded relative to all other cryptocurrencies increasing from 25% to 32%. And if that's not enough, the new daily high for Bitcoin currently sits at $28,000! BlackRock's recent filing for a Bitcoin ETF has caught the attention of many, with GBTC trading volume spiking 400% in response. Plus, WisdomTree and Invesco have filed their own applications for spot Bitcoin ETFs. But it's not all good news in the world of crypto. Binance US's market share is evaporating, likely due to the SEC case looming over the exchange. And to make matters worse, there's a fake Trezor wallet in the Apple App Store that's been draining crypto from unsuspecting users. On a lighter note, have you seen the bizarre AI tools that you can try out in 2023? From Twitter bots roasting humans to AI cats, the possibilities are endless. And if you're a fan of NFTs, Slim Jim is giving away 10,000 free "GigaJims" on Polygon. There's also been some exciting news in the world of generative art. With the help of blockchain tools, platforms like Code Canvas and Art Blocks are allowing users to quickly mint high-quality NFTs. And if you're a fan of the age-old question, "What came first, the chicken or the egg?" OpenAI's generative chatbot doesn't hesitate to give you an answer.Finally, if you're keeping a close eye on the Bitcoin market, you'll know that its price has exploded to $29K, leaving $150M liquidated along the way. But with Bitcoin soaring 12% weekly, it's hard not to get excited about its future potential.Hey there, let's talk about some interesting developments in the world of Bitcoin. It seems that CME, one of the biggest exchanges for Bitcoin futures trading, is experiencing very bullish action lately. Their basis has even pushed to yearly highs, which is definitely something to keep an eye on.Now, if you're holding onto your sats on an exchange, you might want to think twice. In fact, it's probably more risky to keep your Bitcoin on an exchange rather than risking a botched transaction. Why? Well, exchanges certainly don't want you to know all the risks associated with holding on their platform. They don't want you to know that Bitcoin on an exchange isn't actually real Bitcoin. It's just an IOU. Scary stuff, right?

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