Bitcoin drops below $5K
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 19 November 2018
⏱️ 5 minutes
🧾️ Download transcript
Summary
- Bitcoin’s price fell below $5,000 for the first time since October 12, 2017, dropping more than $500 to hit $4,981 earlier today.
- Despite the falling crypto prices, developers and entrepreneurs are still moving into the crypto space.
- Deputy U.S. Attorney General Rod Rosenstein is calling on Interpol’s member nations to cooperate in preventing cryptocurrencies from being used for illicit purposes.
- The U.S. Federal Election Commission may allow people to mine cryptocurrencies to support political candidates - but some restrictions will apply.
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Transcript
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| 0:00.0 | The price of Bitcoin falls below $5,000 for the first time in more than 13 months. |
| 0:07.1 | Good evening. I'm Mark Hoxstein, and this is late confirmation from CoinDesk, bringing you the top stories from Monday, November 19th. |
| 0:16.2 | Also on today's show, developers are starting to move from the world's most powerful tech |
| 0:21.6 | companies to blockchain startups. |
| 0:23.6 | And Deputy U.S. Attorney General Rod Rosenstein is calling on Interpol's members to regulate |
| 0:30.6 | cryptocurrencies. |
| 0:31.6 | We'll have more on these and other stories on today's show. |
| 0:39.7 | Bitcoin's price fell below $5,000 for the first time since October 12, 2017, dropping more |
| 0:47.2 | than $500 to hit $4,981 earlier today. |
| 0:52.5 | Though it rebounded briefly after, it later continued its decline to $4,972 |
| 0:58.8 | as of 1930 UTC today. The broader crypto market has likewise seen a red day, shedding more than $15 |
| 1:07.3 | billion over the past 24 hours. And most cryptocurrencies are faring even worse than Bitcoin, with Ethereum, Lykecoin, |
| 1:16.1 | and Eos showing 24-hour declines of more than 10%. |
| 1:20.7 | By contrast, XRP has only fallen about 3% on the day. |
| 1:25.4 | Next up, despite the aforementioned falling crypto prices, devs and entrepreneurs are still |
| 1:33.0 | moving into the space. |
| 1:34.9 | In particular, former employees at Facebook, Amazon, Apple, Netflix, and Google, the so-called |
| 1:42.3 | Fang companies, seem interested in building in this new sector. |
| 1:47.0 | CoinDesk found seven examples of employees who moved from one of the world's most powerful |
| 1:53.0 | tech companies to the blockchain and crypto space, joining firms such as Ripple and Consensus, |
| 1:59.0 | exchanges like OKCoin, or even starting their own |
| 2:02.7 | startups. |
... |
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