May 12th from NYC: Not a huge week of news, here is the TL;DR:
0:01:00 – Huge Ransomeware Attack Exposes NSA Backdoors: This is what happens when you have the government tell tech companies to have back doors for them. One day MS, Apple & Google will get the picture and give us actual security.
0:17:00 – Litecoin Activates SegWit: This is actually a big deal. It’s really cool that Litecoin now has SegWit. It should go a long way to helping Bitcoin get it as well and Lightning should now start getting tested. The price pump makes sense.
0:26:00 – Bitcoin in South Korea Trade at Huge Premium: The problem here is Liquidity. Each exchange can only trade what is sitting on it. so when there is a liquidity crunch it can drive the price. GBTC is a perfect example of this. I go into detail on the Monopoly that Barry Silbert has on the Bitcoin ETF. My price prediction is “Price Goes Higher”
0:44:00 – Bitcoin Will No Longer Be Taxed in Australia: It’s a good start as Australia is one of the most overtaxed countries in the world. Canada actually has some of the better laws regarding Bitcoin at the moment.
0:52:00 – Mt. Gox is Almost Solvent in USD Terms: This is a cool story. the 200,000 Bitcoins that were discovered can actually pay people back the USD value of what was lost.
BONUS: I’m Bullish on the Price as I show the Charts.