27 Sep: What's Jumpin? $BTC!

By theinspired | Inspiration | 27 Sep 2023

"A person's a person, no matter how small."
–Dr. Seuss

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Guess what day it is Folks? HUMPDAY! Yesterday, we learned that BitBoy got arrested and continues the soap opera Drama in the Crypto community. Today, it appears even though the Ark 21 Bitcoin ETF got delayed, Bitcoin is jumpin! Bitcoin is trading up at $26,802.36. Let's get on with the news...

SUMMARY

ChatGPT justifies its picks on BTC, ETH, and ADA.

Bitcoin price holds steady as S&P 500 plunges to 110-day low. Bitcoin price to $30K in October, says analyst as BTC price climbs 2%. Bitcoin's correlation with equities continuing to diverge. Earlier today, The Human Rights Foundation (HRF) announced their latest round of philanthropic efforts from their Bitcoin Development Fund. These 15 grants from HRF are focused on worldwide education, Bitcoin Core development, lightning-related DLCs, ecash, and providing developers from repressive regimes financial aid to offset travel costs in order to speak at Bitcoin events across the world, with a noted focus on projects and contributors from Latin America, Africa, and the Middle East.

SEC extends the decision on Ark 21Shares Bitcoin ETF to Jan. 10, 2024, utilizing its maximum extension window. Bitcoin ordinals and inscriptions significantly boost miner revenue due to increased transaction fees. Argentinian oil company to start mining crypto with gas power leftovers. Bitcoin miner Marathon reportedly mines invalid BTC block. Texas is home to nearly 30% of all Bitcoin hash rate — Foundry. Bitcoiner who tried to trade his way to Alaska shares his ‘humbling’ experience.

Lesson: What Happens When Bitcoin Miners Mine an Invalid Block?

An executive from financial services giant Fidelity says that the investment thesis centered around Ethereum (ETH) may be easier for institutions to understand compared to Bitcoin (BTC). 5 out of 6 top Ethereum block builders comply with OFAC sanctions. Most blocks follow OFAC rules after government’s Tornado Cash sanctions. Ether continues year-long decline versus bitcoin, but ETFs could reverse trend.

Countries Should Set Up Legal Frameworks to Support CBDCs: BIS Chief.

Lesson: What is a CBDC? A beginner's guide to Central Bank Digital Currencies

Binance's market share among non-USD exchanges slips to 50% and sells Russian unit to day-old commEX, exits country. Meanwhile, Binance still struggling to find banking partner in France. Rachel Conlan, the new Chief Marketing Officer (CMO) of Binance, the world's largest cryptocurrency exchange by trading volume, has labeled Istanbul as a crypto hub in an interview with CoinDesk Türkiye. Binance's cofounder Yi He, who is also major shareholder of company, breaks silence on recent regulatory scrutiny and aggressive alarmism of some media outlets. Coinbase CEO Brian Armstrong has been actively pursuing the exchange's expansion ambitions in the United Kingdom amid mounting legal issues in the U.S. Crypto exchange Kraken to explore stock trading.

US House committee leadership threatens to subpoena SEC over FTX docs. SEC Chair Gensler claims mandate to regulate Crypto without acknowledging Ripple outcome.

Bankrupt cryptocurrency lender BlockFi gets approval to start repaying customers under a liquidation plan. Sam Bankman-Fried’s political donations can be surfaced in trial, rules judge and Sam Bankman-Fried can grill former FTX insiders on drug use in court. However, judge rules Sam Bankman-Fried can’t mention effective altruism or jail time in court and can wse an 'air-gapped' laptop in court. Convicted fraudster Pablo Renato Rodriguez must also serve three years of supervised release after he finishes his 12-year prison sentence. Do Kwon argues that SEC bid for US deposition is impossible.

Mixin Network suffered a breach in its third-party cloud server database resulting in the theft of nearly $200 million worth of digital assets. Hong Kong police recover $11M worth of assets in JPEX case. Marco Ruiz Ochoa, 35, pleaded guilty on Wednesday for his role in what prosecutors called a crypto Ponzi scheme.

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Podcast of the Day: BTC149: Parallels to the Roman Empire w/ Dr. Peter St. Onge | Bitcoin Fundamentals

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theinspired

I've been aware of Bitcoin since 2011 and my desire is that you will be better informed about the digital asset industry by reading my daily post.

Inspiration

I've been exposed to the world of crypto since 2011. Now I use my knowledge to curate the most relevant news articles, podcast, videos, blogs and social media information to help you be in the know in Crypto!