Tue. 04/02 - YouTube's Turn In The Woodshed
Tech Brew Ride Home
Amalgamated Internets, LLC
4.7 • 1K Ratings
🗓️ 2 April 2019
⏱️ 20 minutes
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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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