This episode, recorded on October 28, 2014, covered major regulatory developments, the growth of Bitcoin derivatives, and a significant announcement regarding the World Crypto Network's presence at Money2020.
Summary
The episode began with FinZen clarifying that virtual currency payment systems and exchanges are classified as "money transmitters" in the United States, effectively requiring licenses for anonymous virtual currency operations. The focus then shifted to the growth of Bitcoin futures, highlighted by Ledger X, which was set to establish a regulated exchange with backing from Google and LightSpeed Ventures, applying to the US CFTC. Technically, the episode noted strong support at $3.45 and resistance at $363. The major announcement was that Matt Bitcoins and the World Crypto Network secured press passes to the Money2020 convention in Las Vegas. Matt also introduced his new, highly educated assistant, Blake Anderson. The broadcast concluded with a call for donations to help fund their attendance and coverage at the major industry event.
Main Topics Discussed
* Regulatory Clarity: FinZen confirmed that virtual currency exchanges must operate as licensed "money transmitters" in the US.
* Bitcoin Futures: Coverage of Ledger X’s plans to establish a regulated Bitcoin futures exchange with backing from Google and LightSpeed.
* Bitcoin Technicals: Analysis of price support and resistance levels.
* Industry Announcement: Matt Bitcoins and the World Crypto Network received press passes to the Money2020 convention.
* Ecosystem Development: Discussion of Bitcoin sidechains and the broader crypto landscape.
Key Quotes
1. "FinZen is pretty much shut the door to anonymous virtual currency to virtual currency exchanges in the United States..."
2. "Bitcoin futures will soon be in our future, thanks to Google and light speed ventures."
3. "Matt Bitcoins and the World Crypto Network have been granted two press passes to the money 2020 convention..."
People Mentioned
* Marco Santori (Bitcoin lawyer)
* Blake Anderson (New assistant)
* FinZen (Regulatory body)
Bitcoin Price
* Support: $3.45
* Resistance: $363
* Current Trend: Down slightly (Winkdex reported a loss of $355).
* Litecoin: $3.84