ethereum is clearly extremely successful. that and bitcoins my mind are nl the only two that are established and whether or not will succeed in the long term n, for now they are. and i personally don't think that that really would take away from ethereum that's my opinion . i think many sebitcoiners would raise issues with that said stance. >> you get into the weeds about building a decentralized crypto currency protocol is like withholding those values and how messy it can get tthrough the process with the egos involved but what's incredible is that these founders went on to in some cases create their own crypto currencies that have become wildly successful in their own right. the top 10 currencies right now bymarket cap . so at least in your book, there have been a lot of tensions in terms of getting the project together. leading up to an incident where eventually, they were basically voted off the island if you will. they refer to that as the game of thrones day. put some want to ntcontext into that? >> to give you the con

ethereum. exactly. yeah, and he i think he has a hard time expressing his feelings as well. so yeah, he's very fluent when it comes to technical things and then when it comes to talk about more personal things or his feelings and it's it's much more difficult. when you also had a chance to talk to the lesser known co-founders like amir chettra and mihai alicee, and i'm very curious about your impressions of them. so amir is somebody who's very confident in himself, but also very controlling and so he would only talk to me in certain ways and then he was very controlling about what the teaching was going to be and of course. his messaging was very different from what all the other co-founders were saying and so the in the main narrative you will read kind of about him and then it will be his response because from what i can tell in my reporting it seemed that pretty much everybody agreed on one narrative and and he didn't so i just included what his you know version was nihai. alicia is a good f

for ethereum. she said she didn't trust anthony because he acted like he was superior to everyone else. plus he was pushing for a for-profit structure. then she looked them dead in the eyes and said charles and anthony are not trustworthy. you can't trust them. in one of the most uncomfortable moments in their lives. she made the most directly negative remarks. charles widened his eyes at her as if he was surprised. she hadn't believed all his stories. she'd never said to his face that she thought he was lying. she thought it absurd that he hadn't realized she had her own thoughts. gavin watching from the other end of the table knew then that charles could not recover. to him until then it had been all boys condemning charles. so the disagreement had felt like a fight amongst boys. but for the only girl who lived in the house full-time to say she didn't trust charles felt decisive. charles would later say that this meeting was an hour of the other's brutalizing him. oh, sorry charles who later woul

i think 14% of ethereum. yeah, so it's hard to put a dollar amount because the day of the hack the price of ethereum just dropped from like 21 to 14 dollars. so in the book i said well if you take it by the high prices, you know, 78 million or something by the low. it's like 59 or whatever. but yeah, it was so this dow had attracted almost 15% of all of all ether and then to fundraise and then the hacker took 31% so suddenly the hacker has 5% of all aetherium, which is you know, more than like the ethering foundation or anything. and but then you actually kind of deduced to this person was it's one of the greatest mysteries in crypto. yeah, so this is crazy. so this this all hopefully won't be spoilers for anybody because i actually wrote a long article about this already was released on forbes the day my book came out last week. but yeah, this had been i would i called it cryptos greatest who done it because to my mind so the biggest mystery in crypto is who is satoshi and this was maybe the second biggest m

further analysis, jim cramer, she goes with ethereum. >> i have a big position in ethereum >> you do? >> yeah, i do. >> does that mean it's a good pick for the draft >> yes it was my number serven. i didn't think anyone was going to go for it i took a big gain in another cr crypto i bought a farm with it. >> a place in pennsylvania right here where i was born, and then i took what was left and i bought ethereum. had is, like, you know, we're talking money and it's okay to say hey, listen, i made money and i think ethereum is terrific i'm a believer and you can easily get 35%, 40%. >> can i ask, jim, where bitcoin is on your list? >> no. it was one and done. bitcoin never looked back and it was the pomp that got me in it >> anthony pampliano at the end of the show i told him i dare you to put $100,000 into this thing and i said you know what? done >> so you should call the farm pomp farms >> that's not a bad idea that's not a bad idea. >> that sound means the next pick is in and we turn to stephanie link the strongest link is her team name and hightower capital and cnbc contributor a b

plus, their take on ethereum. bloomberg. ♪ emily: bitcoin jumping briefly past 42000 and up since the beginning of the week. our crypto contributor sonali basak is here. it's not moving, why not? >> so much friction when you look at it. we are back to where we were at the beginning of the week. a little higher than where we ended monday. back to where we were last week. we haven't moved -- there are some long-term trends about how people are using bitcoin that are worth taking a look at and that is settlement. bitcoin surpasses visa in the amount it has been settling. that is due to the work on layer two protocols. it's worth taking a look into how bitcoin and the networks are changing payments because that will be the adoption that drives the price later on. emily: i want to bring in our next guest, ceo of tezos. what do you make of the fact that we are seeing a lot of movement here in the crypto markets? >> this ruptures one of the main narratives people have been saying. that it's an uncorrelated asset to tradi

no firm date yet but that we are in the final chapter of proof of work on ethereum. evangelists have concern about group roadwork and the debate around energy consumption here. this could be a game changer for ethereum that also has more than 100 projects the art contingent on this merge -- are contingent on this merge. caroline: we brace ourselves to have it in the sun again? >> we were talking about how alternative coins were selling more than bitcoin. we see bitcoin rise again, we are saying that on the others. there are some alternative coins that are rising at an even faster pace than bitcoin and if you track the group of 100 alternative coins, the group of 100 is actually also rising at a faster pace. bitcoin is becoming a smaller part of the ecosystem as the universe expands. what remains at the end of the day and what takes off? layer one protocols have gained a lot of excitement when it comes to not just ethereum but it coin and the adoption of the lightening network changing the way the people use it. caroline: avalanche, plenty of exciting areas you can be

that going to mean for crypto, they have been given a regulatory pass by the fcc like bitcoin and ethereum that's what he said he said the most of them that are operating i don't think he considers bitcoin by exar pi think he considers that but if you look at some of the stuff in the past we should point out he did not mentioned in the speech yesterday and he did not mentioned ethereum here the has a case you know. but all the signs point to ripple because he's continuing the case sec against exar p and he clearly has said in the past he thinks is a great case to be mean that it's an unregistered security the same way that he wt after ripple with say this about gary gensler and weathers crypto or overflow are welcome policy for corporate boards time is running out to get this through this is how you know time is running out there's a reason why twitter put you on musk on the board today. liz: had to. >> i don't think he had to he filed a passive stake it did not have to the reason why they did it he agreed to go because they know what is coming in washington a few months. liz: they berated

. >> you mentioned the cofounder of ethereum.e second-largest cryptocurrency, it is gearing up for a big transition to proof of stake from proof of work. what are you looking for with the ethereum merge and what are your expectations for what comes after it? >> we have been waiting for that upgrade for a while. i have no particular insight into their product timeline at all. i do know that in its nature, a proof of work protocol is not going to be environmentally friendly because the way that the nodes agree, they are running an arms race of energy consumption in order to be first to win the race for the next block. proof of stake protocols are more environmentally friendly. the problem is traditional proof of stake protocols tend to go to a winner takes all mentality and by the way when the person with the highest stake gets to append the next block, all of the bad actors know where to attack. they tend to be less secure. we are trooper from stake protocol which gets rid of the level of uncertainty. it has a very light carbon fo

we also do a lot, we have blockchain services -- if you look at things like ethereum, 25% of ethereumorkloads around the world run on aws. we are doing more around blockchain, around ledger technology, around 3d and spatial computing which is going to be an important part of the metaverse. aws strategy is to really try and be as far out ahead of where those emerging metaverse company demands of blockchain and cryptocurrency and customer demands are going to be, and to deliver really great, innovative services. emily: amazon web services ceo adam selipsky there. you can catch that will interview at bloomberg.com. coming up, more on musk. the tesla ceo is trying to shore up forms for his 43: another bid to buy twitter with the help of outside partners. more on that next. this is bloomberg. ♪ s bloomberg. ♪ emily: let's get an update on the musk twitter saga, elon musk now reaching out to potential financing partners across wall street. the question is, is he having any luck? i'm good to bring in michelle davis for more on that. who is actually considering this? michelle: as we know, one

ethereum the other main cryptocurrency more than 2000%. >> what if you could own the virtual world?about unreal estate? the right to occupy and build in virtual worlds known as the metaverse? prices doubled to $12,000 a parcel. finally, famously, the digital artist beeple sold a nonfungible token of a work of art last year for $69 million dollars. >> we need a banana. paul: economist craig palsson explains the idea behind nfts with an example from 2019 art basel. >> when maurizio catalan went to miami and duct taped a banana to the wall and this artist then said the asking price for this piece of art is $120000. paul: there were three buyers. >> the next day, somebody came by and ate the banana. and yet that afternoon, the museum had duct taped another banana to thwall. what these investors were buying was not the banana, which was going to go bad within a week anyway. they were buying a certificate of authenticity. paul: which is all an nft is, an indisputable digital certificate of ownership, stored on a computer network that anyone can rify, but no one can alter. in the digital w

i own ethereum, i can't own stocks but i own some ethereum and i like it. my problem with block, formally square, is it's still at very high multiple, and we're trying to stay away from the very high price to earnings multiple stocks you're big on it, up 11 points today. i think you should take a little off the table even though it was much higher at one time. john in colorado, john >> caller: boo-yah, jim. >> boo-yah what's up? >> caller: first time long time. my stock is a silicon valley stock, but it's not a faang stock. they wept on to resist an apple buyout given your track record of naming great pets after great companies, should i call my next puppy dog adobe? >> well, that kind of depends on the breed. i would tell you this, adobe is where it was after they reported the so-called bad quarter when they came on "squawk on the street" and i thought told a competting story and i want to be long adobe, not out of adobe. you have a good one, not a dog namer, but a good stock. >> some of these pandemic plays that are surging will be one and done moves they

. >> reporter: today she says her stakes in bitcoin and ethereum, the two most popular digital currencies, are up 50%, and monson is hooked now she spends ten hours a day immersed in crypto, listening to podcasts, reading articles, and messaging with other crypto enthusiasts on social media. >> i started to understand the blockchain and crypto more when i got into nfts. >> reporter: she's come to los angeles from her home in hawaii to attend a conference meeting and collaborating with other moms in crypto >> i'm a mom mom, mom >> she's my new bestie but we met on sunday. >> reporter: part of monson's goal is to change the perception of just who crypto is for. 60% of crypto holders are men, according to one survey the average owner is a 39-year-old male already making six figures a year monson wants to help build a community of women-led crypto projects and spread the word >> i always say i'm with bill gates in the garage building his computer that's how early this feels. so if i can on-board as many people who are like me, who look like me, who you know, just are confused but willing and

when you see those comparisons to like how growth tech stocks, i think ethereum, and i say to myselfbelieve in a lot of the web 3 stuff as it relates to communities and nft ands that sort of thing. that's what i would say is interesting, all those projects being built on that. the bitcoin stuff is really weird. it does seem that it's a proxy for global monetary this and -- it's above my pay grade. it just is you know what i mean eth to me if you want to make that tech stock thing and leg into that, we have this catalyst coming up, this proof of work, proof of stake and that should happen in the back half of this year and that should give that some support when you see a pullback and it does seem like it's going to pull back a little bit. >> i don't think it's coincidence bitcoin topped out when the fed started to be responsible, when they changed course in november the huge bulkhead for crypto will be if the fed blinks because the market sells off or something happens, that's the catalyst for bitcoin to probably take out the all-time highs. >> it's interesting, but gold finally caugh

if you focus on payments, bitcoin not great and ethereum bad because the fees are so high in order topect for typical e-commerce transaction so you would want to use a stable coin. stable coins will dominate global cross border trade, they will be used probably by every significant global economy by 2030 and those will be block chain based. china will be the first big economy to do it but the ur.s. and many other countries will follow. >> mr. quigley, i'm curious about your thoughts about thiel's approach here. he seems to be making it a political statement to support bitcoin and/or kind of demonizing its opponents in the same way using the word wokeism. do you think that is a proper approach or do you sort of disagree with it >> here is what i would say, in politics they have this concept of throwing red meat at your constituents you want to get them riled up. i won take too much into this. i certainly think directionally peter is what he's saying he feels strongly about that there have been a lot of people, particularly in the financial community, that have not embraced block chain

hello this is a special ethereum obliged to carry out the sale of 80% of the currency from the latesttion, which few people know yet, we have moved forward. the main thing is to predict the general positions. breaking news the russian ministry of defense has just announced that our armed forces managed to take the village of kamenka, which is located in the kharkov region. kamenka was considered one of the most fortified lines of the armed forces in this direction, as reported by the ministry of defense tank crews destroyed enemy lines. leading tough fights. they took the village of kamenka, the mortar crew was destroyed, then the tank was knocked out, we stood on the rise of the road below there was a village after the village went again. the ascent into the forest lane noticed the enemy. at first, i watched him see their car there with these mortars. when the shells had already run out, from the last shell, he aimed and hit did not work. they have a bull in a car or panama, where we stood, where we advanced into this village. they beat it there. the order of courage awarded our sold

espresso the fifth and direct, sign the petition on april 4, the rrt concert was thrown out of digital ethereumependent tv channels espresso, the fifth and direct, at a time when in ukraine the war with russia is going on, including the informational one, this is a restriction of freedom of speech, this is a restriction of the rights of millions of viewers to receive information, it harms the national interests of ukraine, turn the wind espresso, the fifth and direct, go to the website of the cabinet of ministers of ukraine, register, find the petition page, read its text and press the button sign protect freedom of speech in ukraine greetings dear tv viewers my name is vasyl zima syoma 15 of kyiv we will work with you until 9:00 p.m. i think colleagues during this time will communicate with the guests, they will also inform about the current urgent news and also we will collect comments about what happened and today is the 65th day of the war of the ukrainian army against the army of sadists, marauders and murderers who rushed to our lands for 65 days and we became one more day closer to victo

say you bought bit counsel for $10,000, it goes up to $50,000, you trade it for $50,000 worth of ethereumpital gains taxes on the $40,000 gain. >> you owe the tax on that appreciated crypto a survey found that 58% of crypto owners didn't know that it could trigger a tax nearly two thirds of crypto holders didn't know that using crypto to buy something could also trigger attacks. >> good news is the i.r.s. really can't keep track yet. >> there was legislation require those forms to be sent to the government, but that doesn't take effect until at least 2023. >> so, kellie, still a lot of time to investors to learn this, but you've got to know the disposal rule. >>> we'll be right back. >>> welcome back to "power lunch. i'm seema mody with your cnbc news update. in michigan, a mistrial has been declared in the case of two men leading a plot to kidnap governor whitmer two others have been acquitted >>> a top u.s. defense official says they're not buying denials from the kremlin for responsibility for a deadly attack on a train station in ukraine. the official says russia used a short-range mi

: how do you feel about the ability of bitcoin to become more energy efficient especially as the ethereumed on energy efficiency? adam: i think that is a mistake in the sense that if we look back to gold historically, society looks for money. what made gold the good money was the relative scarcity and inherent cost of extracting more, mining more. something which does not have that come similar to a share in a company, or like a fiat currency like the u.s. dollar or the euro, so i think it is very difficult to imagine that kind of currency reaching global acceptance is the new digital gold. sonali: you mentioned your work with block. we interviewed alyssa start of lightning labs, jack dorsey a backer for her company, and i am wondering what impact you think storage is going to have on the adoption of bitcoin across the world. adam: it is interesting. sometime last year, he made the observation he thought the most important and useful place to use his time on earth was with bitcoin. he stepped down as ceo of twitter to devote his energies to bitcoin, so i think that is very positive. emily

i saw with interest ethereum -- with interest and invested in it and thought it was interesting, butee how you could go to an application for transactions for example something like twitch on it, so what got me excited about solano, for the first time, i felt like normal people could build on top of this and you could build something that reached a mass audience because the transaction speed and cost was low enough that it made sense for something more like a gaming use case where you might have many different nft items in a game and you might trade in and out of them very quickly within one playing session, so it was like a usability you know, choice, but at the end of the day, fractal once to be wherever games want to be, so our goal is to expand to everywhere the game companies want to build it. emily: all right. we will be watching to see where this goes. you will have to come back soon for a progress report. twitch and fractal cofounder. coming up, we talk about the need to address teams and -- teenagers and mental health through technology. this is bloomberg. ♪ gy. this is bloo

you're the team behind avalanche, the top competitor of ethereum.be here. the volatility in the bitcoin contract and the ethereum contract actually has been going down, even though it's still at a high level. it's treated similar to other high growth assets. if you look at the annualized volatility of bitcoin and ethereum, about 60 to 70%, you know, knack the day when you had -- back if the day when you had high growth sasse companies, it's not different from those asset classes either. so it's being treated like emerging technology that can change the world like saas companies and like internet companies and it's similar to other high growth asset classes. cheryl: bitcoin along with nfts have been fascinating because of the valuation that's we've seen which are nothing short of jaw dropping. >> yes. maria: you're right, cheryl. and i think that a one of the unknowns here is the regulatory backdrop, john, and that's where i would focus. there's so much uncertainty about crypto regulations. how that might play out in the future. we've got the speaker

ethereum is higher by 3% bitcoin is higher by 2%. below $40,000. >>> let's check on the morning big money movers meta shares spiking. earnings per share topping estimates. revenue below estimates. the daily active users delivered in the fourth quarter for the first time meta exceeding expectations for average revenue. higher in the early going pre-market by almost 18% let's go worldwide emily tan is in hong kong with the look at the overnight. rosanna lockwood is in london with the early trading emily, let's kick it off with you. >> reporter: courtney, good morning. gaining 1% or more japanese markets rising as the bank of japan kept the monetary policy the boj keeping it at .25% the biggest boost is chip testing equipment maker up 4%. toyota gaining as the yen pushed past 130 weakening to a 20-year low against the dollar the governor believes a weak yen is positive for the economy on the whole. moves in the market could have negative effects korean markets closing higher. samsung under performed despite posting a strong q1 result th

ethereum is up 2%. we will have more comments about crypto and the cryptocurrency haters >>> let's check on the action overseas with julianna tatelbaum in london newsroom >> good morning, frank we have a decent rally stoxx 600 is up .90% we have come off the highs of the day. a bounce back taking shape coming into the session today, nearly every major was lower on the week we will see if we can get gains to turn the week around. on that note, let's look at the regional split one out performed this week. ftse 100 in the uk the index which is overexposed to oil and gas has performed well it is up appoints 90% we have green across the board from a regional perspective and sector travel is the under performer this morning i'll take you to the best perf performers chasing them around. oil and banks are the best performers in europe the move to the cyclical sectors. frank, back to you >> julianna, thank you for that check. >>> let's get a check on the top corporate stories with silvana henao. good morning >>

in the crypto market, bitcoin and ethereum on the rise you see all major coins are higher >>> let's get the headlines and market action overseas with julianna tatelbaum in the london newsroom julianna, good morning >> brian, good to see you. european equities are extending the gains. the stoxx 600 is up .30% brian, you mentioned talk of targeting russian oil and gas specifically that is a hot topic. european leaders meeting today there is talk about european leaders trying to could aalese d the topic. we just learned that the european commission president will travel to kyiv to meet with the president of ukraine from a market perspective, by region, this is the picture for europe the majority of the major indexes are trading higher this morning. we have a little bit of the red. ftse 100 and cac 40. we got fresh pmi data through this morning services and composite figures for march. what was interesting, brian, they were better than the flashes estimate business activity was strong for march. prices are soaring the expectations coming from the surveys is more down beat. this is the pictu

we have blockchain services, and if you look at things like ethereum, 25% of the theory and workloadsn the world are run on aws, so we are doing more around blockchain, around ledger technology, around 3d and spatial computing, which is going to be an important part of the metaverse. the strategy is really to try to be ahead of where those emerging metaverse demands with blockchain and customer demands are going to be, with really great, innovative services. emily: you can catch that full interview at bloomberg.com. coming up, more muska. the tesla ceo is trying to shore up funds for the $43 billion bid to build twitter with -- to buy twitter with the help of outside partners. we will have more on that next. ♪ emily: let's get an update on the musk twitter saga, elon musk now reaching out to potential financing partners across wall street. if he had any luck? i will bring in michelle davis for more on that. who is actually considering this? michelle: one of the most interesting parts about musk's bid for twitter is that he made it public without having financing lined up. we know he h

we are seeing bitcoin and ethereum higher right now. bitcoin above 40,000 all cryptos are higher. >>> they are back trading overseas after the monday holiday. let's find out what is going on and how the trade looks and some of the top stories rosanna lockwood is in the london newsroom. rosanna. >> brian, we joined the race here it is a negative open. four days off for the easter weekend. we closed lower for the second consecutive week in a row when we closed on thursday. we opened heavily in the red. ftse down heavily. down 1.9%. it could be that we are heavy commodities and heavy banking in switzerland. let's give you a look at fixed income in europe a similar story to what you were talking about. bonds setting off. yields hiking up 10-year has risen to the highest left since late 2018 in the uk the shorter end at 2-year at the highest end since 2016 a worry of the recession we will keep a look at the 10-year bund in germany. you have been saying there is not much new out there it is the overhang a negative factor regarding inflation a

it was before the ethereum and other tokens.are aware, bitcoin is a digital bearer asset and it trades 24 hours a day seven days a week around the world. and so, that really gets to the heart of your question, which is when we are lending against bitcoin, we take the private keys collateral for the loan, we have the ability if the borrower does not pay us back or if we need to satisfy a margin deficiency, we can look at bitcoin and sell it 24 hours a day, seven days a week. >> bitcoin is so volatile. how does that work when one day it's $46,000 in the next day it's $38,000 in such a short amount of time, within weeks? does that create complications in terms of taking it as collateral? alan: it certainly could and that gets to some of the design features of our leverage products. the silver gate exchange network is the 24/7 access to fiat banking rails we provide to the digital currency industry and we bank companies such as coinbase, square, gemini and etc. and we enable them to move u.s. 24 hours a day, seven days a dollars wee

the type of cryptocurrency they made off with is called ethereum.acks have become a huge source of revenue for the north korean government the world's richest man wants to put all of twitter in his port foal crow but will a social media giant in the hands of one man help or hurt the company? we wilill take a closer look. is. we just haven't been properly i introduced. say hello to the plalace where rolling hills meets low bills. where our fields, inside and out, are always growing. and where the fun is just getting started. this is iowa. so, when are you coming to see us? ♪ we now find that 85% of individual investors are interested in sustainable investing. among millennials, the inrest is even stronger. ♪ one of the big trends in sustainable investing is da, and the ability to understand how sustainable your investments are. by taking that information into account, investors can make better decisions for the long term. sustainability is not about one number. it's about variables like water usage, data privacy, consumer trust, diversity, land use a

emily: there's a long answer to my next question -- with the a ethereum merge coming up what , are youing or expecting? michael: we keep pushing it back but there are huge questions about what etherium is following the merge and whether it's a security or property. i dig a lot of people have implied staking networks are securities and not properties. i think they are moving into an uncertain chapter of their existence. emily: michael saylor always great to have you on the show. thank you for dropping by. coming up, we are going to get back to netflix -- the huge subscriber loss, the first in a decade. that's next. this is bloomberg. ♪ emily: the debut of crazy rich asians back in 2018 was a huge cultural moment that helped to usher in more films featuring larger asian cast, including parasite, which won the oscar for best picture and the critically acclaimed everything, everywhere, all at once come out now. gold house was a nonprofit to capitalize on the momentum of crazy rich asians on focusing to reshape the opinion on the asian-pacific islander community. they are launching a new ac

. >>> in crypto, bitcoin and ethereum higher. bitcoin at $40,500 >>> around the world, more covid lockdown concerns in china after the central bank pledged to keep the monetary policy loose. a lot more green on the screen in london. julianna tatelbaum is in london with both. good morning, julianna >> brian, good morning here in europe, it feels we're one step behind wall street. yesterday, european markets closed before the late stage rally. european equities closed lower we have green an across the boa. the gains are broad based. as for asian markets, we had a rebound overnight. perhaps that positive sentiment is the reason we see the rally in european stocks let's take you to the chinese market a rally in china overnight is that the central bank will step up monetary policy support to the economy. including small companies at risk of covid impact pboc will keep liquidity ample here is the picture for you. it was a mixed trading session we have some green on the board for the hang seng up 0.3%. one banking stock in focus in the

demand especially with jet fuel use we'll show you more in a couple of minutes in crypto, bitcoin and ethereum are down there has been an interesting diff diverge. bitcoin staying put. >>> let's go around the world. red overnight in asia. stocks in china and hong kong with losses there. follows the data of chinese inflation surged in march. this as tens of millions of chinese are suffering through harsh and ineffective covid lockdowns. a similar story in trading in europe rosanna lockwood has the look at the trade around the world rosanna, good morning. >> good morning, brian inheriting the inflation in europe feeling negative across the boards just the cac in paris in the green. i'll come back to that focus on the ftse 100, d down .50%. focus on the ftse which is holding up well, but not today dax in germany is down cac up under .50%. moving around in the session today. back on the flat line and bouncing back up the euro/dollar. it is all about the french elections. marine le pen and emmanuel macron leading the way into the april 24th runoff. the euro/dollar. it is not finding bullish sentime

and other cryptocurrency -- ethereum reached its record high of $4800.u to invest your money in cryptocurrency, but before you do, here is what you should consider. she watched from afar. stories of people getting rich, putting their money encrypted currency. last year, she decided it was time to do it. >> i had been reading about it -- blockchain, crypto, blah, blah, blah, it sounded like something i know nothing about, but people were making a lot of money. michael: in one years time laura has seen her investment group more than 50%. but she is not exactly rich. her initial investment was just $40. >> i meant to do $50 but somehow i messed up. , [laughter] michael: her strategy is a good one for her. james is an analyst with bankrate.com. he says the cryptocurrency market comes with huge risks. >> the people that it is best suited for our people with a high risk tolerance and have the ability to withstand losses. michael: when you invest in the stock market you become a shareholder and you own a small bit of that company. cryptocurrency has no value by

that's because the irs considers cryptocurrencies such as bitcoin and ethereum to be property., you're still required to report that purchase to the i. r s every transaction with crypto in the u. s is a taxable event. so even if you only sense you know $2 to someone because you're trying to buy a coffee off of them. or if you only sent a small amount of bitcoin or either or another cryptocurrency. there are tools to help crypto investors track all those transactions. right our time is 4 14 economists think it will take months before we see record inflation start to ease the eu's tom vacar talked to one economist about what you can do to speed up that process. five threes. chain reaction caused our high inflation first, says brooking. institution's when the adult berg came high consumer demand for all manner of consumer goods at levels we never saw before. it is a mystery how we even have storage space anymore. on top of that sickness, slowdowns and shutdowns that raw materials and parts suppliers made production difficult, if not impossible, for manufacturers also having sickne

$1,000, $5,000, $10,000, whatever, you know, you can afford if you want to put it into bitcoin or ethereumand figure out how these things work, great but it can't be the money that you have set aside for your monthly bills. it can't be the money you have set it can't be the money you set aside for bills or future retirement spending. >> shep, the regulators have also warned against mixing cryptocurrencies into retirement plans. just last month they asked ed fiduciaries to consider it. >> thank you very much. >>> it started out as a dream home t as a dream home for a family in massachusetts. beautiful shot right on the golf course that was 2017, and then all hell broke loose now they're getting $5 million for their trouble. the family says 651 golf balls hit their house leaving broken windows and frightened young daughters. the house sits near the 15th hole at indian pond country club in kingston, mass. you can see how golfers trying to cut the dogleg kept hitting the home over and over they say their complaints were ignored so they sued both the country club and the home builders now, the

variable that folks have to worry about is if they engaged in any sort of cryptocurrency either ethereumbitcoin, the government even if it's a small amount. they want to know. that's right. so you'll see right below on your name on the return is the question the nurses 1019 of did you, um, receive a few other verbs there or otherwise disposed of any virtual currency. so if they have acquired it and used it, or they acquired a while back and used it even if they were using it like maybe using bitcoin to acquire another virtual currency that's using that actually will have a gainer loss. it's like your analogy bs like it's bartering, you know, i bought this other virtual currency or paid for a service by giving them an asset. the irs views that as an asset, not as currency like the us dollars. it's important to answer that question. you have to either answer yes or no, don't leave it blank. coming up on ktvu news at 6 30 covid cases are back on the rise across the country, but health officials are not sounding the alarm what they're looking out for as positivity rates increase and even spi

it is a platform that allows traders to monetize and trade virtual assets and the ethereum block changeblockchain. we are also watching the bank of korea expected to auction off a slate of three year bonds and 63 day financing bills. the nominee saying he will support further increases in the benchmark interest rate unless there is a threat to the outlook for economic growth. haidi: let's get a check of the business headlines this hour. rio tinto's iron ore shipments slumped 15% in the first quarter. the drop is due to challenging operating conditions. total shipments of 72 million tons of about 73 million tons. -- short of estimates of about 73 million tons. asset management has said that they are against backing musk's unsolicited offer. it would be one of the largest leveraged buyout on record if it goes ahead. 8000 employees have backed the tesla factory in shanghai after it close for three weeks as part of the covid lockdown. it is expected to take all day to ramp up production. they have started along with a few assembly lines. coming up next, china provinces support the economy b

the irs considers cryptocurrencies such as bitcoin , bitcoin and ethereum to be property similar to real estate . this means even if you use cryptocurrency to make a very small purchase, you are required to report that transaction. to the i r. s every transaction with crypto in the u. s is a taxable event. so even if you only sense you know $2 to someone because you're trying to buy a coffee off of them. or if you only sent a small amount of bitcoin or either or another cryptocurrency. this is the second year in a row. the irs has a question on its 10 40 forms asking filers if they've received sold, exchanged or otherwise disposed of any virtual currency. there is a growing debate across the country about whether topics of race and sexual sexual orientation should be taught in the classroom. reporter christa mayo tells u curriculum during a changing landscape in american educationt we teach our nation's school kids are under heavy scrutiny coming out of the pandemic as school district scrapple with how and if topics centering around race and sexuality should be discussed in the classroom

bitcoin up, ethereum down.charities to disclose finances. >> it is such a trip now to hear the term, like triggering, i do not know what that was before all of this happened. ashley: there's a reason for it. she is upset because she was caught buying a $6 million la mansion. guaranteed we are all over that one. it triggered us too. eric adams takes on black lives matter for their hypocrisy on rising crime. leo terrell will take it all on next. ashley: frank james making his first court appearance. we to the first appearance since the shooting tuesday, james was denied bail. he will be detained for the entirety of the trial, he faces terrorism charge for allegedly attacking mass transit and injuring 10 people. if he is convicted he could face a lifetime sentence. prosecutors say the evidence against him a strong, premeditated intention, stockpile of weapons in his apartment and storage unit in philadelphia and the social media angle. he had history of recording and posting violent videos often about killing peop

i own bitcoin, if you read him and -- ethereum, and several others.t: have you seen the value go up? caller: and down. i have made a bunch of money and lost it. i'm sitting around zero currently. host: do you have a question or comment? caller: i wanted you to comment on bitcoin's overall monopoly of cap the currency. a lot of them are barely known to the general public. [inaudible] guest: this has been the question since bitcoin got started, is will there be a competitor to bitcoin? in my opinion -- i have no special insight, but i think it is exceedingly unlikely. there are special properties with bitcoin being the first that gives an anchor but also a hard network effect. i don't believe bitcoin will be unseated. i think there will be a bifurcation of the market. we have seen bitcoin as the reserve neutral sort of core asset. taking on asset -- aspects that are beyond the cryptocurrency world. you will also see the proliferation of lots of innovation and competition and i think the regulators are going to have a view coming out in the near term, bi