i have four blockchain. that does not mean i have to be for a cryptocurrency or for that matter for that $10,000 bill that would make the lives of some of our constituents easier. we've got to keep pace with china china is close to banning all cryptocurrency. they are going to protect their economy protect their currency and cult protect their tax collection system. if we fail to keep up with china, we will fall behind. um, the biggest threat the bitcoin is the theorem the biggest threat to ethereum is dodge going the biggest threat to dodge coin is cat coin dog coin and hamster coin. there is an unlimited number of potentially popular cryptocurrency compare that to sovereign currencies. there are limited number of nations, but even then there are four or five big economies. the uruguayan peso will never displace the us dollar. but well ethereum this place bitcoin will hamster coin. it place ethereum. and oh, by the way, if people are going to take the time and effort and the intelligence to create new crypt

i am for blockchain.t does not mean i have to be for a cryptocurrency or for that matter for that $10,000 bill that would make the lives of some of our constituents easier. we've got to keep pace with china. china is close to banning all cryptocurrencies. they are going to protect their economy. protect their currency. and protection their tax collection system. if we fail to keep up with china, we will fall behind. the biggest threat to bitcoin is ethereum. the biggest threat to ethereum is dogecoin. the biggest threat to doge cane is cat down, dog coin, and hamster coin. there is an unlimited number of potentially popular cryptocurrencies. compare that to sovereign currencies. there are a limited number of nations. even then, there are four or five big economies. the uruguayan peso will never replace the u.s. dollar. if people are going the take the time, effort and intelligence to create new cryptocurrencies, will they have a back door so they can have a few trillion dollars of their own? we are told t

i've worked directly with blockchain startups.various inter-governments, so blockchain is an accounting technology . it's traceability and permanent mutability so these are things you might want to use for example management but they're not things that you want to use for personal identity management if you're concerned about the privacy and security of individuals. over the last 4 to 5 years as i've been part of this conversation with governments and industries there has been many many technical solutions proposed to get around some of these concerns so a lot of different conversation on techniques, a lot of different methods of encryption . but conceptually at the heart of what blockchain does and what it's designed to do is with things like data so for example if i want to prove who i am don't want that data located around theworld . if i do that i have indefinitely so to me it's a complete misfit between the purpose but i know you have more questions. >> that's helpful so the reason i tie this to my earlier question is because

it could be blockchain powered. it could be not blockchain powered and run along a traditional database system such as we do currently. there are concerns about central bank digital currencies. some relate to issues around privacy and whether it actually achieves the objective of having a central bank digital currency. rather than a decentralized system, it would concentrate our private information and, therefore, could potentially be a target for hackers. >> the gentleman's time has expired. would you kindly give the rest of your answer in writing and submit it? >> absolutely, thank you. >> and when i have my time i may give her the opportunity to finish with my time. the gentlewoman from georgia, ms. williams, the vice chair of the subcommittee has five minutes. >> thank you, mr. chairman. my top priority in congress is ensuring that those most marginalized remain at the center of our policy considerations. when it comes to digital assets, this means making sure investors of all experience levels have equitable ac

blockchain is decentralized technology, and there is no single point of failure. in blockchain. the previous blocks are stored in this creates a fully traceable history log. so it can potentially have many cybersecurity applications. blockchain can therefore be used to create security profiles for user data such as you mentioned ando it protects the data by decentralizing it. in addition, blockchain technology incorporates something known as public key and private key security. so public-key infrastructure, much like an e-mail address, can be used to>> authenticate and authorize party. private keys can be combinedri with it for into insecurity at the encryption of our data. authorities, and a different key can be used for home security systems, and to prevent hackers breaking into your home security system or to prevent hackers from getting into your cybersecurity options. so i fully al gree many areas for blockchain technology, and this is the technology that powers crypto, but the technology, itself, it has many applications, and we behoove ourselves to consider those possibil

it is blockchain that is secure.akes this incredibly instantaneous, so secure, instantaneous. it's all about payments and it's all about treasury transaction services. that's the thought that jeremy had from the position -- from the beginning, how to position the platform so that it can be, you know, a leader in just that, in u.s. dollar payments and services. that's what gets us so excited. caroline: i'm looking at the global presentation and the payment market that is at $35 trillion, long-term addressable markets with 130 trillion in the money supply, of course. how much do you really think something like stable coin will take on that market? >> yeah, i think it's kind of like asking the question, you know, in the early 90's, how much content would be delivered through the internet web browsers versus physical print medium or broadcast televisionvw or asking how much voice communication and text communication will happen through telephone companies or free internet services? the power of digital currency models, p

the part that we are missing out is the blockchain lining. and i have been advocating that we utilize or at least look at using blockchain technology as a solution to the crypto, not crypto, but to the cybersecurity issues here in this nation. when you are considering that the federal government, and we have had cyber attacks and loss of people's personal data inadvertently disclosed and caused a lotf issues, it is not that pa -- that hard to do when you consider my personal information and other people's personal information resides in the government. so there is duplication of my social security number, and address and date of birth resides, and it is exposed one link. and so in the service, i was a veteran, and so i was in the v.a. and in the social security administration, and there were 44 data points that my information resides and all it would take is the breach of one of them. and with the blockchain, that could be the solution of the security problems that we have in this nation. hammer, is tha that you would agree with? >> thank you

blockchain has had a big impact.f people don't really understand why we are talking about blockchain so much, but if you are think about a large transaction from one's institution to another, a large sum of cash, typically that has required a middleman, a credit card company, visa or mastercard , or a bank like jp morgan or b of a. with blockchain, and with the speed of the internet, what we are seeing is that these transactions can be done without the middleman. they can be done faster, far less expensively. the cost is going down. but with blockchain, it also gives us the opportunity to have real security in terms of ownership and all of the other things that go along with it. i think the good news is the advantages we are seeing with circle, stable coin, and treasury and transaction services means that the transactions are becoming less expensive. they are happening much more quickly, and they are very secure, and it is kind of a 24/7 instantaneous, so i do think there is continued pressure in this space. to the s

that is what blockchain represents for digital property rights.ive a digital life right now, in fact, our digital life is more valuable than a physical one. imagine what happens if you can't use facebook or what's up, you can't conduct business the same way. who guides these rules? it is actually controlled by the platforms, we don't own anything. the blockchain decentralizes that and gives ownership rights back to the end users, and it is a way for us to take control of our digital life. that is the big concept here. because we think the whole world will be using nfts. this is, to us, web 3. web 3 is basically a new internet. yvonne: the whole concept of nfts still blows my mind and i think there are people who still say it is a fake double low interest rates abundant cash everywhere. what do you say to those critics? do you think there is more recognition when you pitch to investors? is there less education to do? yat: the most important thing is that as humans, we have very different concepts around the idea of value and beauty and art and cult

>> the privacy coins create a challenge because of the hidden blockchain or the obscured blockchain, and lot of the datalytics are not thorough enough for us to bring into the courtroom. sometimes the market cap, and the total volume of coin, the userability is not there. if you are looking at manero, if you are looking to move 3 million in mannero, then it is easy to move, and a lot of the u.s. exchanges will not accept it, because it does not meet the know your customer recommendations or policies. >> i wanted to follow up on that. when terrorists were monitoring, and they knew to go around the traffic, and two parties have traffic, and what about the scenarios having a micro, mini cap, and it was a scenario to have a company invest $10 million into it, and prior to that, a ransom wearer drives up the mini function of it. and once the money is in there, and then all of the losses are born by the company paying that ran some. and so that is where as mr. malinowski said, as far as the treasury department said, that it is the assets of the balloon deflating, and all of the air is capt

spencer: thank you, spencer bogart of blockchain capital.ng up understanding the complete set of proteins expressed by living beings through biotechnology which is making its mark in drug development. we will meet the ceo next. and gene editing biotech performing well this year. all of them up showing big gains. this is bloomberg. >> regarding to what you have just mentioned about the reason the united states and other western countries' infrastructure, i would like to say to you that russia did not participate in such attack, and russia did not stay behind the cause of such attacks. caroline: russia's ambassador to the u.s. speaking with's bloomberg balance of power earlier. he intimated that russia was not involved in the hack last week ransomware attack. in order to personalize medicine, the proteins in organisms must be understand effectively. but our ability to measure proteins is lacking. nautilus biotechnology is developing in the generation platform that uses machine learning and chemistry analysis to scan proteins with precision. jo

frank edward holmes of hive blockchain technologies ltd.rg. ♪ matt: this is bloomberg markets. i'm matt miller. all eyes are on the june jobs report due out tomorrow morning. after a couple of disappointing months, let's get an outlook from kathy bostjancic, oxford economics usa. what are you looking for in tomorrow's number such and marked we've had a couple of misses. >> we think it improves and we are looking at an increase on the month. it's a very good, solid report. it south of what chairman powell had said. they are already talking about it. a little bit south of that, but the unemployment rate falls. part of that is going to be workers returning in the hospitality and leisure. we think that half the jobs created are going to be in that sector and worth mentioning, the seasonal factor showed hiring for education and teachers. matt: what about average hourly earnings? i know that is something investors are watching closely for. what are you expecting? >> we think it will be rather strong. that will push the rate from 2% to 3.8. a year

may be entering the cryptocurrency sector after it posted a job seeking a "digital currency and blockchained rumours that it would accept the cryptocurreny as a form of payment. so is amazon interested in bitcoin or not? joining me now is dan kemp, who�*s the chief investment officer of morningstar investment management. so what�*s happening here? good morning, you are absolutely right. the cryptocurrency rollercoaster continues with this latest twist that we have had from amazon, firstly, whether that advert overnight, and then at the denial that came as well. i think the first thing to remember as we will see a lot more of these twists and turns in the cryptocurrency story. the reason why this is important for people is because cryptocurrency isn�*t like a traditional asset. when you buy a traditional asset than you expect some form of return, whether that be dividends, shareholdings, interest on bonds or property, but of course with cryptocurrency as you don�*t get that stream of returns, and so it is not possible to estimate a real value for assets like a cryptocurrency, and that is wh

the use of ai machine learning of blockchain technology has allowed for new forms announces that can verify and individual identity in a secure way. now it is time for congress to work with federal but -- federal regulators to ensure the united states is equipped with the tools necessary to keep pace internationally. we should consider proposals such as improving digital identity act which will establish a task force with the federal government to engage with stakeholders but requires to build framework of standards to follow when providing services to support digital identityor verification. i commend him and my other colleagues for the work on this thoughtful legislation. beyond the obvious concern for regarding fraud identity theft t look for doing more to get out of other of identification verification can increase access to financial services and inclusion. this committee should champion new technologies in their ability to break down barriers that prevent low-income americans from accessing critical banking services. digital identity technologies provide a lot of promise and op

what we have is these synthetic stock markets trading on blockchain.r protocol, a project put together by terror form labs, a south korean company that uses the blockchain to trade these tokens so they are not actually trading the stocks but the programming allows the traders of the tokens to reflect the prices of the stock so that they are able to track them, get exposure to the price, possibly do some arbitrage. what we have is a facsimile of the market, so these big tech stocks like tesla, apple, amazon, even some popular etf's, are being mirrored. we should point out the volume of these so-called fake stocks is a tiny fraction of what you would you on the regular regulated new york stock exchange or nasdaq, but many of the cryptocurrency enthusiast, who are happy to see these kind of securities traded via blockchain, point out the potential upside here could be huge. haidi: for now, it looks like -- are they worried about being replaced? what are some of the concerns? su: it is true that the exchange executive is not about this because of the minus

emily: i know these are both andreessen horowitz companies, but do you think the blockchain is a threatpanies like facebook? katie: pressure. the e -- for sure. the kyiv post of crypto is shifting power. i think that is -- the ethos of crypto is shifting power. i think that is why you heard mark zuckerberg talk about it. i don't know if you caught this news, coca-cola announced it would be doing nft. so this is not a fad. it is something we want to make sure is here to stay. emily: will facebook be the one to lead or will it be mark zuckerberg? katie: one thing about the meta-verse or crypto is that it is open and the barriers to entry are low and one thing is we see tremendous innovation happening outside of the united states. i cannot tell you how any entrepreneurs we are seeing who are experimenting. with gaming and crypto, we are seeing an explosion all over the place. it is not just limited to the u.s. and that is one of our messages to u.s. regulators. let's encourage this innovation. emily: we've talked about dow's a lot and i wonder if could explain what they are and why they co

>> the privacy coins create a challenge because of the hidden blockchain or the obscured blockchain, and lot of the datalytics are not thorough enough for us to bring into the courtroom. sometimes the market cap, and the total volume of coin, the userability is not there. if you are looking at manero, if you are looking to move 3 million in mannero, then it is easy to move, and a lot of the u.s. exchanges will not accept it, because it does not meet the know your customer recommendations or policies. >> i wanted to follow up on that. when terrorists were monitoring, and they knew to go around the traffic, and two parties have traffic, and what about the scenarios having a micro, mini cap, and it was a scenario to have a company invest $10 million into it, and prior to that, a ransom wearer drives up the mini function of it. and once the money is in there, and then all of the losses are born by the company paying that ran some. and so that is where as mr. malinowski said, as far as the treasury department said, that it is the assets of the balloon deflating, and all of the air is capt

so blockchain capital, why don't you do that for us?f the differences are our strategic partners. for them, it is acknowledgment that this industry has strong potential for them. they want to build products in the states. they recognize in order to get those products to market quickly, they will need to partner with some of the startups in the crypto industry. to be able to accelerate the product roadmaps. caroline: that introduction, the dd -- the didi they need eyeing. i'm interested, on the retail side of this. for many, to negotiate, to put your money to work, they want to see an etf. is that likely at the moment? some feel the s&p is not as crypto friendly as they initially thought it would be. >> unclear in terms of the timeline of an etf. in the meantime, that is not inhibiting any flows from retail investors and crypto assets. instead of going through the normal brokerage app, buying a bitcoin etf, they're going directly to coinbase, the crypto app that is direct. for a lot of people, there's quite a bit of additional growth to

visa is becoming the epicenter of a lot of blockchain visa right now computes 100 billion computationsecond transactions it's kind of crazy any recently invested in blockchain capital, which is a venture capital private equity firm they invested as an lp as well as strategic partner they are involved in about 25 different digital wallets. they partnered up with u.s. dollar coin, built on the ethereum platform. and so i'm a big believer the blockchain and this payment structures are just going to continue to get bigger and big are. and to me visa was a really good way to play it took a new position bought the stock and went long calls and the earnings come out next week >> thank you for that. up next, pete has unusual activity we're doing something fun too on ask "halftime" today you have to wait for that we have one question and everybody has an answer with new names you need to ink outhabt. we'll talk about it next s good . the company we've trusted to keep us working remotely, is the same company we'll trust to bring us back together. cisco. the bridge to possible. ♪all by yourself.♪

marathon digital had blockchain up over 20% on the day. surge continues tomorrow, you will see that affect. emily: thank you for that update. amazon web services announced a way to connect customers faster and more efficiently than ever. many businesses are pivoting to the remote work world and need to process data at a finger snap. i want to bring in mai-lan tomsen bukovec, the vice president for amazon web services. put into context how much data aws processes and how much did that increase over the course of the pandemic? mai-lan: the pandemic has been a crash course in why all companies in all industries need to be on the cloud. if you think of the customers on aws or starting to be, companies like zoom, that were able to scale incredibly quickly based on demand surging. just like companies where the industry was contracting, like tourism, those customers were able to save money on a dime. if you look at the growth and data, analysts are predicting digital data grows at a rate of 40% year-over-year. every business leader, no matter wha

>> the privacy coins create a challenge because of the hidden blockchain or the obscured blockchain, and lot of the datalytics are not thorough enough for us to bring into the courtroom. sometimes the market cap, and the total volume of coin, the userability is not there. if you are looking at manero, if you are looking to move 3 million in mannero, then it is easy to move, and a lot of the u.s. exchanges will not accept it, because it does not meet the know your customer recommendations or policies. >> i wanted to follow up on that. when terrorists were monitoring, and they knew to go around the traffic, and two parties have traffic, and what about the scenarios having a micro, mini cap, and it was a scenario to have a company invest $10 million into it, and prior to that, a ransom wearer drives up the mini function of it. and once the money is in there, and then all of the losses are born by the company paying that ran some. and so that is where as mr. malinowski said, as far as the treasury department said, that it is the assets of the balloon deflating, and all of the air is capt

the security is are, very are high because the benefits of blockchain.n. one of our earliest partners at circle was visa, and i think it was typical of the partnership. liz: bob, before we go, i've got such a softball for you. what do you enjoy more, running this pac or running up an international bank like barclays? let me guess. [laughter] >> i think we're having a lot more fun with circle right now. thank you for having -- >> i wouldage. it's bread the great to see you. former head of bar clays -- barclays' this, of course, is the concord acquisition that will mench with circle. please come back. we want to see this develop. thank you so much. >> you know i will, liz. thank you. liz: the woke agenda, as it's called, taking center stage at the summer camp for billionaires. charlie gasparino is mixing it up with the stars of media and tech as they deal in van law school i. >>> and another place to find billionaire businesses, entrepreneurs behind them who started them from nothing? look at her. that is ann status ya storch. she's the brow queen of the w

can potentially learn from the security that is implemented by the cryptocurrency industry and blockchainecome phenomenal tools for preventing events like this in the future. and ultimately, this is a national security issue, and you're going to see a governmental response to this, and the government is going to step this and help to protect great more than companies from i attacks like this in the future -- great american companies from attacks like this in the future. liz: and these hackers aren't particularly bright because we should mention that the colonial pipeline ransom, a bunch of that in millions, was recovered by the fbi. so it's not a sure thing. if you ask for your ransom in bitcoin. so there is, certainly, an lawyer where people can track this down and f it. but tell me what your world is like right now as you're trying to grow it, as you're trying to build your company and these things keep happening. it's not happening to you, but, you know, the reputational damage for the entire cryptocurrency world does get dinged. >> we work with regulators every day at blockfi, and age

trained agents, , has developed partnerships with the private sector to trace payments across the blockchain the fbi was able to recover substantial proceeds from the colonial pipeline ransomware is a real credit to the work of the agents at the fbi. i will also say there were some breaks that went their way. number one, the criminals demanded payment in bitcoin and as folks might know bitcoin is actually traceable on it publicly distributed ledger. unlike certain other crypto crunchies which are harder to trace, bitcoin is something that law enforcement with appropriate tools and again if the brakes go that way, can trace. the fact the fbi was able to recover those payments is a combination of great detective work, very hard-working agents, and a little bit of luck. i will say i saw an article just in the financial times earlier today that increase the criminals are demanding payment and other forms of crypto currency which are more difficult to trace because they are not found on a public blockchain in way that bitcoin is. stay tuned, i think that's were a lot of the energy of these cyber

i own the blockchain, your original treat >> you did thank you.e ceo,sqwkoxis right back this is dr. arnold t. petsworth, he's the owner of petsworth vetworld. business was steady, but then an influx of new four-legged friends changed everything. dr. petsworth welcomed these new patients. the only problem? more appointments meant he needed more space. that's when dr. petsworth turned to his american express business card, which offers spending potential that's built for his changing business needs. he used his card to furnish a new exam room and everyone was happy. get the card built for business. by american express. >>> welcome back some of your early morning movers on this friday morning trade. we are watching some big moves general motors stocks are up after getting initiated with annout perform rating and $$85 price target chinese internet stocks and 3% with each of those down large for yesterday's trade. one of the most popular stickers continues to be the 10-year note yield shows how how much in the top 10 global amc entertainment. now over

they both use blockchain technology. doing very different things.tors who are excited about the big picture as part of our new financial future probably one exposure to both assets. emily: matt hogan, always good to have you on the show. thanks so much for sharing your outlook with us. coming up, and the ev maker goes public good we will hear from the ceo next -- coming up, an ev maker goes public. we will hear from the ceo. expecting shortages to bottom out by the end of the year. it will take one to two years for the industry to fully catch up. look you following these developments and i will be speaking to him tomorrow. this is bloomberg. ♪ emily: mercedes benz has presented plans to electrify a plan to spend $47 billion this decade. it helped defend its position as the world's leading luxury car maker by aiming to launch three all new electric vehicle platforms in 2025 and set up eight battery factories with partners. the carmaker has stepped up its game after years of criticism for being late to adopt purely battery powered cars. la-based ev st

all the things that blockchain does can be done through other means.he question is is it a superior way of doing said things or is it the likely way to which we do that? the best technology standards do not necessarily win. we can take a look at vhs versus betamax. one of the reasons why epic games has sued apple is on the premise that this stage of progressive taxation through distribution actually strangles the for-profit developers. the crypto community believes this is a way to build outside of the platforms, outside of the gatekeepers to own collectively the technology through which they were built and control the gatekeepers and take most of the cut. that is a strong argument. it will take time to see whether or not it will pan out. emily: thank you for giving us such a deep dive into the meta-verse. we will be watching and following your new etf. matthew ball thanks so much for , joining us. coming up, jeff bezos prepares to step down as ceo of amazon. the tech giant has revived its core values. we will tell you what new ones are on the list. th

it's moving to a more carbon neutral way of securing the blockchain.technological upgrade coming in august that's going to make it more like a consumable commodity. it's going to make it easier for individual investors to understand what ethereum is. many are calling it the asset of the summer. so i think it was primed to rally, and his excitement of it was just a catalyst for an analysis -- for an asset that was already going to move higher. emily: so, talking about catalysts, obviously the bitcoin market has been quite sluggish. and you see much more volatility when it comes to stable coins. talk to us about the trends you're seeing, the volume. are people taking a pause because of the china crackdown? what's going on here? matt: great question. i think you still have to look big picture. crypto is still up 250% over the last 12 months. to some extent, we shouldn't be surprised it went through a pullback. there have been a number of news items, the china crackdown on mining, his original concern about environmental consequences, news that regulators

i think it's about blockchain.rypto that's going to have an evolution across cloud and the overall stock or ecosystem this is just the start obviously amazon is a feather in the cap for the bulls especially on the blockchain piece. >> dan, sylvia, thanks for joining us this morning. great to see you. >> same to you. >> thank you, joe. >>> andrew, thanks a check of what's coming up in the free market and then the co-chair of the problem solvers caucus congressman josh gottheimer joins us with the latest out of coiltigton on infrastructure, renciaon and all of the things coming up "squawk box" will be right back. ♪♪ ♪♪ as i observe investors balance risk and reward, i see one element securing portfolios, time after time. gold. your strategic advantage. what if you could have the perspective to see more? at morgan stanley, a global collective of thought leaders offers investors a broader view. ♪♪ we see companies protecting the bottom line by putting people first. we see a bright future, still hungry for the ingenuity

what the blockchain is doing in its capacity to create nonrefundable tokens, whether they can at sometiation, where they can become -- the price action can be more weather to how usable they are for purpose other than just what their relative dynamics are compared to bitcoin and whether they are a speculative bet for other doge coin type products. haidi: garfield reynolds. credit suisse is planning to bring a work model of maximum flex ability. it is the latest arrangement. our asia finance reporter, nabila ahmed, has the details. tell us more about what is in that outline. nabila: credit suisse is really listening to its workers here. it did a study of how employees performed under various work models and found that workers who had the most flexible work arrangements were not only the happiest but also the most productive, and they wanted to spend two thirds of their work time outside of the office. credit suisse is saying that it is going to go to maximum flexibility for 13,000 strong workforce in switzerland. what does that mean? they will have total freedom to decide with their te

joining us now is bob lord, ibm senior vice president of worldwide ecosystems and blockchain.re issues around online advertising, targeting people on -- targeting people unequitably and racism integrating into that process. how does this work? bob: great to see you again and thank you for having me on the show. let's step back for a minute, because bias has been prevalent throughout the history of advertising, and i think the industry has a long overdue obligation to address this. what i have learned in ibm, that ai can help figure out whether your advertising is biased toward one community or another and help to address that going further. so we have launched this research study to, rather than guess on the solutions, but basically take a scientific approach to attacking bias in advertising and, in my mind help the brand communicate better with its consumers than it ever has before. emily: what exactly can ai do for a company like facebook which of course has been criticized for only targeting certain kinds of people with its ads russian mark -- it's ads? bob: let's take a br

in a fox business exclusive, we bring in rocket fuel blockchain ceo peter jensen.ve one without the other. it's great to have cryptos, but you need sort of the venues and the roadways, the electronic roadways, correct? >> correct, that's exactly right. most of the commotion around cryptos so far has been as an asset that you can invest in just like people are buying swiss z banks and what have you. what we're excited about, and i think this story's all about, is how can we use digital currencies as a technology to make our monetary systems more efficient, more secure and easier the use for everyone. liz: well, what did you make of this use of stevie cohen? he is a massive player. on the one hand, you could argue he's a little late along with the rest of these old wall street guys, but as you talk about him hiring a head of crypto, what does that tell you about where we stand in the zeitgeist of this emerging technology, this emerging currency? >> i think more and more people are starting to see this as a technology, as i mentioned earlier with, right? you see some

folks like standard crypto, multipoint, blockchain, all backers of ours.n't think that things are qlzz it may seem. the same risk kind of exists for investors that are willing to underwrite them early in the lifecycle of a project. you know, the token is kind of you know publicly openly available now and i think what's interesting in crypto is that products go through the threshold much earlier in their life than a typical tech company. romaine: interesting stuff, really appreciate you coming to the program to break it down here. interesting, joe. i guess artists are always sort of looking for a new way to connect with fans and get out from under the thumb of the normal studio system or whatever you want to call it. caroline: what about you, joe? weren't you doing live events? joe: i have not played a show in a couple of years, but if there's a chance to earn a token? maybe i would do it. caroline: how are joe points? joe: don't ask. romaine: is that a scam? joe: it is a scam. [laughter] caroline: this is bloomberg. ♪ >> from the heart of where innovation

is you can actually track every sing the transaction that has ever hit the blockchain and go back toactors onto the platform. >> thank you very much, floi marquez, good to see you again >> great to see you. >>> let's go back to mike now for a along at the housing market mike, things shifter here? and the mortgage finance market. jay powell, when he was testifying in congress this week got a lot of questions why is the fed still buying mortgage-backed securities isn't that helping to overheat the housing market and he said, no, it's a modest effect well, here is a picture. it's priced off the ten-year yield, but the exact spread that is fluctuated. >> it's mostly been in this range between two percentage points and 1 1/2 percentage points wow, i don't know would this is doing this this is a new crayon i'm using we're at 1.6, we did dip way below that, however, what we're talking about between where we are now and where we mike otherwise expect to be, is maybe 20 basis points above that, does anyone think home prices are being swung around that much, because the mortgage rate is 3.25,

meanwhile, blockchain and other forms of analyzing and actually securing assets on a digital formaterium. they still outperformed the s&p in the last year it's been a heroic fall from grace, but it's still, for a lot of the proponents, the type of volatility you should expect, and they would be very happy with the year-over-year results. t if you asked them, this is where they would be. >> karen, you own bitcoin, so i assume you believe the bull case is intact, and doesn't this just prove bitcoin is primarily traded on sentiment? >> yes i mean, what's involved in sentiment, though? i think everything sort of trades on sentiment. but i think the sentiment here is there was sort of the fear of missing out for the institutions as it went up and up and up. i don't know if that's changed or if we're still going to see that money come in that's of interest to me but to the extent that bitcoin was seen as an inflation hedge and the fears of that inflation are dying, it would make sense that bitcoin would be dying down, or the need to own it. so i think that it's obviously a very, very vola

what is the role of crypto, blockchain with respect to this fourth industrial revolution?is before. i think crypto will be the future. if you get a company like amazon that starts taking crypto for paints, that to me is an absolute game-changer. charles: game over. >> crypto in retirement accounts. you have tesla taking it, giving it back because of environmental issues but if we resolve that, amazon takes it, i think game over and it is to the moon. it is 100-k. charles: all right. thank you so much. it is always a pleasure. i always learn something when we talk. >> thank you so much. charles: folks he is back. we're talking about youtuber trader, matt kohrs is online when his account was temporarily blocked. youtube says it is a mistake. it happened twice. he will give us the lowdown and harmeet dhillon on potential legal reaction. she has been fighting powerful silicon valley force as long time. the housing boom, has it run its course because prices are too high? we'll be right back. ♪ with voltaren arthritis pain gel my husband's got his moves back. an alternative to p

for instance, if you like nft's, you could do that with a blockchain. it is not just nft's.ctation is developers will observe activities that gain popularity in adoption and other protocol spaces and then will find ways to represent that in a bitcoin environment. of course, in bitcoin, the advantages the network effect as well as the security and stability that differentiates this caroline: let's go back to basis for a minute. the smart contracts with ether eum, they had scaling issues but we've seen other protocols another underlying crypto born. why hasn't the's gotten really popular to do some smart contracts across the bitcoin protocol? alyse: that is right. first, we should start off by remembering that bitcoin has always had smart contract capabilities. bitcoin is programmable money. you have always been able to require multiple signatures, for example, in a transaction. or to require a certain amount of time or date passed before a transaction is triggered. bitcoin has slowly but surely been advancing more multiplex smart contracting capabilities. in a bitcoin develop

we view ourselves as a network of networks and so we will connect to whatever blockchains we need to,f the fees are issuing partners and not really by the consumer. liz: okay. vasant prabhu, cfo of visa, when visa put its a stamp on it, it's very much a sign of future things to come so thank you very much. >> thank you, liz. liz: billionaires, tech titans, media mavens descending on sun valley idaho, berkshire hathaway warren buffett is there, and cheryl sandberg and bob kraft showing up all arriving in idaho today and of course charlie gasparino in the thick of all of it, stirring the pot. charlie breaks it next on what's going on and what kind of deals are being discussed, and another place where you can find business billionaires and entrepreneurs, who started from nothing my everyone talks to liz podcast, this week, i look back at some of the top successes and american dream stories for a special july 4th week recap episode from anastacia of beverly hills, immigrating to the united states from a tiny small village in india, you've got to hear their success stories now, available a

you know, these are blockchain names, etc., but the miners are set to close out the month of july in crypto miners have seen some of the most gang buster year-over-year growth, a beautiful number here. riot up 1,186%, marathon up 1,449%, anaheim up 654%. even blockchain marketplace's t0 participant, overstock -- parent, overstock, putting on a show this year amid the e-commerce boom. here to talk about it all is ceo jonathan johnson. and we gotta get to to amazon as well. but i'll touch on that in a minute. let's talk about t0 because now you guys are still about an 80% owner of this. how's it doing, how closely are you dealing with it on a day-to-day basis? >> so i'm not dealing with it much on a today to day basis. we outsourced the management to a very capable venture capital firm. but i think t0 made great strides last quarter. it relievessed a new version -- released a new version of its crypto app, bigger limits, quicker settlement. so on the crypto front, it's doing well. what i i think is really promising for t0 is its licensedded alternative trading system, so if nfts, if th

marathon, highest blockchain going nuts right now riot is jumping 21%, marathon is up 19% apiece. crypto exchange coinbase making a nice moved to, we do have coin , better by let's look at it , 10.25% at 247 but remember this was a $400 stock. so, needs to go a few more dollars before it can get up to that. cryptos back in the sun today but its been a dark few months as cyber criminals make bitcoin and other digital coins their ransom of choice. coming up, the company that help ed save microsoft and a slew of other top names from more ransomware attacks, but the ceo of checkpoint software now says the biggest threat companies face may be coming from inside your home, with the closing bell ringing in 49 minutes dow jones industrials in the green up 57 points we are coming right back with the exclusive interview checkpoint ceo when the "clayman countdown" returns. this past year has felt like a long, long norwegian winter. but eventually, with spring comes rebirth. everything begins anew. and many of us realize a fundamental human need to connect with other like-minded people. welco

hemos hablado sobre qué es la genómica, los que les interese seguir esa carrera; también sobre blockchainltima cápsula que subimos, la subimos los martes, es sobre bioinformática; son nuevas áreas que, por supuesto, cuando yo estudié, pues no existían, pero ahora para todos los jóvenes y jovencitas, es muy importante que se interesen, que se eduquen sobre eso, porque son las carreras del futuro, y que les van a pagar, pues, muy bien. damián trujillo: no, y es importante que, como dice usted, vayan aprendiendo desde temprano, porque, por ejemplo, se dice que, como los hijos míos, y mis hijas, que aún, quizás, no se ha inventado su carrera de ellos, o su trabajo de ellos, porque tanto están cambiando las cosas, las electrónicas-- - la tecnología. - la tecnología, que no se sabe si ese empleo ya se ha inventado. remedios gómez: exacto, no, bueno, pues ya van a tener en el futuro, todos los que estén viajando a la luna, o a marte, ¿no?, pues, acabamos de tener quien, este, ya despegó para darle la vuelta a la tierra, en fin, para, la gente, muchas cosas que la nueva tecnología está abriendo;

questions about the future of killing security -- digital security and the use of blockchain technologies>> the chair is a