This episode, "This Week In Cryptos #8," provides a volatile recap of the crypto market from early April 2014, heavily focusing on regulatory headwinds in China and expanding global adoption.
1) Main Topics Discussed:
* China's Crackdown: The central focus was the announcement that the Chinese Central Bank ordered payment companies and commercial banks to shut down Bitcoin trading accounts within two weeks, causing immediate price drops.
* BTC Exchange Updates: The BTC exchange was noted for accepting offshore Chinese Yuan and Sterling Pounds, requiring users to wire funds via Australian bank accounts.
* Sports Adoption: San Jose Afquex became the first MLS team to accept Bitcoin payments for merchandise and concessions starting in May.
* Global ATM Network: A segment detailed the expanding map of countries accepting BTC in ATMs, categorizing regions as green (allowed), yellow (uncertain), and red (illegal).
* Wagering: The episode concluded by changing the segment to a weekly wager on the Bayern Munich vs. Manchester United match.
2) Key Quotes:
* "China Central Bank has just ordered payment companies and commercial banks to shut down Bitcoin trading accounts within two weeks."
* "Look at that drop!" (Referencing the market reaction to the China news).
* "The areas in green is where BTC is allowed, yellow is where people can't make up their minds, and red is where they're done right illegal to have them in your possession!"
3) People Mentioned:
* None specific (The discussion was general market commentary).
4) Bitcoin Price:
* No specific numerical price was mentioned, but the hosts noted that the news caused Bitcoin prices to "plummet."