This summary covers the "This Week In Cryptos #14" episode from May 17, 2014, recapping news from May 9th to May 15th.
Summary:
The episode covered a diverse range of global crypto news, from regulatory actions in China to new exchange launches in India. Despite the largest bank in China, ICBC, banning Bitcoin, a major Bitcoin summit was successfully held, demonstrating strong public support for the asset. On the institutional front, the Winkel twins continued efforts to list Bitcoin on NASDAQ, aiming for parity with gold. Meanwhile, Scotland saw a surge in Bitcoin adoption, with local retailers offering Bitcoin-only free zones and introducing ATM machines. The week also highlighted the growing use of Bitcoin in illicit activities, such as purchasing fake IDs.
Main Topics Discussed:
* China: ICBC banned Bitcoin, but a major Bitcoin summit was held successfully, with local figures like Zhang Zhang and Li Ka Xing showing strong support for the asset.
* Market/Regulation: The Winkel twins are pushing to list Bitcoin on NASDAQ.
* Global Adoption: BTCX India launched a new, fully compliant exchange.
* Regional Adoption: Scotland saw increased Bitcoin usage, including a two-day free zone at a retailer and the introduction of a Bitcoin ATM in Glasgow.
* Warnings: Caution was issued regarding the asset mining product manufacturer, Butterfly Labs, due to accumulated customer refunds.
* Misc: The episode also covered a coal mine accident in Turkey and local sports results.
Key Quotes:
* "We are the Bitcoin. We are the Bitcoin." (Referring to the sentiment in China).
* "Please do not buy from butterfly labs if you don't want to wait a little." (A warning to viewers).
* "The best cannot play hockey." (A sports commentary).
People Mentioned:
* Zhang Zhang
* BTC China CEO
* Li Ka Xing
* Winkel twins
* Yusef Yerkel (Senior advisor to the Turkish Prime Minister)
Bitcoin Price:
The price was noted as "not quite stable" following the news from China.