Bitcoin Headlines

  • Dollar Dives To 6-Week Lows As Fed Fears Market 'Partying Like Its 1999'

    1999-like parties are breaking out everywhere across financial markets... First things first, US Financials Conditions are partying like its way easier than 1999... The Philly Semiconductor index is partying like its 1999... But what happens next? Meltup time? S&P 500 Valuations are partying like its 1999... The spread between German and US bond yields is partying like its 1999... And the US Treasury curve is partying like its 1999... *  *  * The Fed Minutes spooked markets a bit...

    @zerohedge
  • Why Rule of Law is the Most Important Product

    Via The Daily Bell Every once in a while a technology comes along that upsets an entire industry. Digital cameras put Kodak out of business. The giant of the photography industry had the opportunity to adopt the technology early. But their profits depended on selling film more than selling cameras. And this is not a new phenomenon. When the printing press was invented in the 15th century, it revolutionized education for everyday people. The cost to create books plummeted. Knowledge became widely...

    @zerohedge
  • Why Bitcoin Is the MySpace of Cryptocurrencies, But the Blockchain Is Here to Stay

    Why blockchain, not bitcoin, is the real treasure of cryptocurrency.

    Entrepreneur
  • Wall Street strategist Tom Lee raises bitcoin forecast, now predicts 40% rise

    Fundstrat raises its mid-2018 price target for bitcoin to $11,500 from $6,000.

    CNBC
  • Bitcoin: An Unknowable Bubble?

    "Whatever [Bitcoin] is, I missed it... It looks and smells like all the bubbles I have seen throughout history." - billionaire investor Jim Rogers Authored by Constantin Gurdgiev via True Economics blog, There is a much-discussed in the crypto-sphere chart making rounds these days, plotting Bitcoin price dynamics against the historical bubbles of the past: The chart is striking. Albeit simplistic. See Note 1 below for a technical argument on the chart timing. On price dynamics alone, Bitcoin...

    @zerohedge
  • Fake WiFi network used by hackers to steal more than €100,000 worth of bitcoin

    Austrian police say cyber-thieves transferred bitcoins worth more than €100,000 (£89,000, $117,000) from a man's account while he was logged into a restaurant's public WiFi.

    International Business Times UK
  • Geopolitical Risk Highest “In Four Decades” – Gold Demand in Germany and Globally to Remain Robust

    Geopolitical risk highest "in four decades" should push gold higher - Citi - Elections, political and macroeconomic crises and war lead to gold investment- Political uncertainty in Germany means "gold likely to remain in good demand as a safe haven" say Commerzbank-  “There has rarely been such political uncertainty in Germany at any time in the country’s post-war history” - Commerzbank- Reduce counter party risk: own safe haven allocated and segregated gold Editor: Mark O'Byrne The...

    @zerohedge
  • “Russia Did It” and Other Crimes

    “Russia Did It” and Other Crimes Posted with permission and written by Rory Hall, The Daily Coin We haven’t had a system of capitalism since the Federal Reserve and Woodrow Wilson hijacked the US Treasury and US economy in 1913. Our financial, monetary and economic system has morphed into fascism, corporatism or something more akin to communism/socialism. The way our economy operates today, in 2017 - it is certainly not...

    @zerohedge
  • One Wall Street analyst just doubled his bitcoin forecast to $11,500

    Tom Lee of Fundstrat has nearly doubled his forecast for bitcoin, calling for the cryptocurrency to hit $11,500 by mid-2018. Lee says that a recent dip in bitcoin's price wiped out weak, low-conviction holdings, clearing the path for further gains. Well that sure escalated quickly. Tom Lee, the managing partner and head of research at Fundstrat Global Advisors, has almost doubled his forecast for bitcoin. He now expects the scorching-hot cryptocurrency to hit $11,500 by mid-2018, up from his...

    Business Insider
  • A $9 billion French asset manager is launching Europe's first bitcoin mutual fund

    Paris-based asset manager Tobam plans bitcoin mutual fund. Institutional interest in the cryptocurrency is rising but investing in the unregulated asset remains difficult. LONDON — French asset management firm Tobam is planning to launch Europe's first bitcoin mutual fund as interest in the cryptocurrency continues to grow. Tobam, which had $9 billion in assets under management as of September, plans to launch an unregulated alternative investment fund that will allow institutional investors...

    Business Insider
  • Over half a dozen residents of this San Francisco 'castle' have become bitcoin millionaires — take a look inside

    The Crypto Castle is a three-story home in San Francisco where young tech workers eat, sleep, party, and plot the future of money. A majority of the millennial tenants invest in bitcoin, a new kind of payment system that allows people to buy things and send money with anonymity. There are no banks or middlemen. Transactions are recorded on a digital ledger called a blockchain. Cryptocurrencies (of which bitcoin is the most popular) have been on a tear. Bitcoin surged in value from about $200...

    Business Insider
  • Cramer Remix: For investors scared of this market, it could be time to sell

    Jim Cramer isn’t scared, but for investors who think there’s something terrible lurking in the market, this could be the time to lighten up.

    CNBC
  • Mike Krieger Warns "The Generational Wheels Are Turning"

    Authored by Mike Krieger via Liberty Blitzkrieg blog, “The electric light did not come from the continuous improvement of candles.” — Oren Harari If you only read my stuff sporadically, you might be surprised to hear that I’m actually quite optimistic about the future. The main reason I compose articles highlighting all the frauds, corruption and absence of ethics within our current paradigm isn’t to fill you with fear and dread, but to create awareness. Ignorance is not bliss, and I believe...

    @zerohedge
  • Yield Curve Crash Continues As Stocks Surge On Biggest Short-Squeeze In 11 Months

    Ignore gold, ignore earnings expectations, ignore the dollar, ignore the yield curve... and... German stocks sum it all up... Buy The F**king German Government Crisis... (even as EUR stays weaker) Record Highs all around in 'Murica... As once again the European Session (green boxes) cominated the ramp... As VIX was slammed back to a 9 handle... Here's a couple things though... The last 5 days have been quite a ride for 'shorts'... as "Most Shorted" stocks have soared over 6% - This...

    @zerohedge
  • JPMorgan Capitulates, May Help Clients Trade Bitcoin Futures (For A Fee)

    On September 12, Jamie Dimon caused a stir (and selloff) within the cryptocurrency community when he lashed out at bitcoin, calling it a "fraud" which is "worse than tulip bulbs, predicting "it won't end well", will "blow up" and "someone is going to get killed." Oh, and just to make it clear, "any JPM trader caught trading bitcoin" would be "fired for being stupid." After briefly plunging, since then the price of Bitcoin has doubled, and earlier today, Bloomberg quoted money manager David Kotok...

    @zerohedge
  • JPMorgan reportedly getting into bitcoin futures trading even though Dimon believes it is a fraud

    JPMorgan is looking at allowing its clients to trade bitcoin futures, according to a Wall Street Journal report.

    CNBC
  • Novogratz Slams Dimon: Buy Bitcoin Because "We No Longer Trust Financial Institutions"

    It must be a sign that cryptocurrencies are becoming mainstream when Bloomberg TV launches the first of a six-part series on this comparatively recent innovation. Setting the scene, Bloomberg replayed comments made in interviews from what it described as “Wall Street sceptics”, including (not surprisingly) JPMorgan Chase’s Jamie Dimon, Neil Dwane of Allianz Global Investors and Severin Cabannes, SocGen’s Deputy CEO. The vignettes were peppered with sound bites like “index of money laundering”...

    @zerohedge
  • Bitcoin rebounds to all-time high, shrugs off cryptocurrency hack

    Bitcoin prices recovered to reach a record high on Tuesday as investors in the space shrugged off news that another cryptocurrency was hacked.

    CNBC
  • These Are the Skills Freelancers Need Most to Make an Impact Right Now

    The explosive growth in Blockchain, cybersecurity and AI is influencing the fastest-growing skills in the freelance job market, says a new study.

    Entrepreneur
  • Morgan Stanley: Tesla Will Surge To $400 Before Crashing To $200

    When it comes to Wall Street cheerleaders, Tesla has few closer friends than Morgan Stanley's Adam Jonas (current price target of $379). To be sure, the relationship cuts both ways, with Jonas relentless enthusiasm 'for the EV maker granting Morgan Stanley a reserved spot for any future debt, convert and equity underwriting, as well as associated IB fees.  Yet, following the recent volatility in Tesla's business model, in which the "production hell" that is Model 3 has been quietly relegated to...

    @zerohedge
  • Novogratz: Bitcoin is 'digital gold' and will end the year at $10,000

    Bitcoin should finish the year at $10,000 while ethereum is likely to close at $500, investing magnate Michael Novogratz said.

    CNBC
  • Zimbabwe President Robert Mugabe Resigns

    Zimbabwe’s Speaker of Parliament Jacob Mudenda had barely finished reading the rules and regulations of how impeachment proceedings would proceed against President Robert Mugabe when the 93-year-old leader and former revolutionary surprised his colleagues by officially resigning the presidency – something he had been reluctant to do even after the military placed him under house arrest last week. Both Reuters and the Associated Press confirmed that Mugabe had resigned, citing an announcement...

    @zerohedge
  • A cryptocurrency start-up disappeared with $375,000 from an ICO and nobody can find them

    Cryptocurrency start-up Confido raised $375,000 through an initial coin offering (ICO) but now nobody can find the founders.

    CNBC
  • Why Cryptos Will Not Replace Gold As A Store Of Value

    Why Cryptos Will Not Replace Gold As A Store Of Value - Gold versus Bitcoin: The pro-gold argument takes shape- Why cryptocurrencies will not replace gold as a store of value- Similarities between crypto and gold but that does not make them substitutes- Gold remains a highly liquid market, cryptocurrencies continue to be fragmented and difficult to spend- Bitcoin  does not make it an effective hedge against stocks- Gold coins and bars cannot be hacked and vaults are insured This weekend saw...

    @zerohedge