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Tech Brew Ride Home

Tue. 04/02 - YouTube's Turn In The Woodshed

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.71K Ratings

🗓️ 2 April 2019

⏱️ 20 minutes

🧾️ Download transcript

Summary

The price of bitcoin soars, but is it for real? Walmart wants to let you shop with your voice, Andreessen Horowitz shakes up VC (again) and a scathing look at YouTube’s algorithm problems. Sponsors: Metalab.co LogiAnalytics.com/ride Links: Bitcoin jumps 20 percent, mystery order seen as catalyst (Reuters) April Fools: Traders Chase Another Unexplainable Bitcoin Rally (Bloomberg) Report: ICOs Raised $118 Million in Q1 2019, Over 58 Times Less Than in Q1 2018 (CoinTelegraph) Walmart Unveils Voice-Activated, Google-Powered Grocery Shopping (Bloomberg) Morning Lineup – “It’s Just a Fad” (Bespoke) Andreessen Horowitz Is Blowing Up The Venture Capital Model (Again) (Forbes) YouTube Executives Ignored Warnings, Letting Toxic Videos Run Rampant (Bloomberg) Support the show! Subscribe to the premium, ad-free feed! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Tech Meme Ride Home for Tuesday, April 2nd, 2019. I'm Brian McCullough.

0:09.4

Today, the price of Bitcoin Sores, but is it for real?

0:14.0

Walmart wants to let you shop with your voice.

0:16.4

And recent Horowitz shakes up VC again,

0:19.3

and a scathing look at YouTube's algorithm problems. Here's what you missed today in the world of tech.

0:29.0

So maybe there was some April foolery of consequence yesterday after all. The price of

0:34.9

Bitcoin hit its highest level in five months yesterday returning above the

0:39.9

$5,000 a coin mark in a frenzy of trading that took place all within the space of about an hour.

0:47.2

Bitcoin soared as much as 20% in overnight or during the day trading, at least if you're in Asia it then settled to around

0:54.1

four thousand seven hundred dollars but that still put the cryptocurrency up 15% to

0:59.6

make it the biggest one-day gain since April of last year.

1:04.1

Etheorems ether, Ripples XRP, the second and third largest coins by market cap,

1:09.1

also jumped 10%, but they do tend to move in sympathy with Bitcoin's price fluctuations.

1:15.6

Was there any news in crypto that could have sparked this surge? No, there wasn't. And as I said, the trading was frantic. Six

1:25.2

million trades executed in about an hour, or three or four times the usual amount of

1:30.4

trading. So traders are pointing the finger at some mystery buyer quoting Reuters.

1:36.8

Olivier von Landsberg Sadie, chief executive of London-based

1:41.9

cryptocurrency firm BCB Group, said,

1:44.3

the move was likely triggered by an algorithmic order

1:47.0

worth about $100 million spread across major exchanges.

1:51.2

U.S. based coin coin base, and Kraken, and Luxembourg-based bit stamp.

1:56.0

Quote, there has been a single order that has been algorithmically managed

...

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