i think bitcoin has advantages in india.d we are seeing this penetration of mobile technology and systems like bitcoin make it cost—effective for people who come into the financial inclusion system, and there are real implications for that. the second pa rt implications for that. the second part of it is value transfer. there are billions of dollars which come in, and the costs are really high. if the governments and banks would hamas the power of technology and instruments like bitcoin, that could really bring down the costs —— would harness the power. the problem the us economy has with migrant workers is that it needs more of them. agriculture and tourism is feel it particularly badly. 0ur correspondent reports from a farm in newjersey. farmer kurt dawson get to spend as much time in the field as he used to, or as he would like. he isa as he used to, or as he would like. he is a first—generation farmer. for him, agriculture was a calling, to do god's work. as we to his 600 acre property, he admits his business would not b

bitcoin, himself, ryan kelly is answering tweets and taking all your bitcoin questions.o tweet us@cnbcfastmoney. if it's nice, we'll answer them when "fast money" returns. >> welcome back to "fast money" with stocks soaring and the s&p and nasdaq approaching big time highs, here's what's coming up in the second half of the show, amazon eeks away to $1,000 a share, at stocks are behind. we will play a little would you rather. hedge funds are cameing a comeback in illinois. marc levine will tell us the big hedge funds and why to ditch the rest. first we start off with a story captivated main street and wall street. >> that is whit coins digital currency hit another all time high. >> reporter: hi, melissa, bitcoin has been on the rise the southern ascension over the past few months has been dramatic. it took a year to go from $500 to $1,500. in a few weeks, they recently crossed 2500. in total, the market cap gained about $23 billion in value this year. what's behind the third? asia. specifically japan and korea have stepped up buying, investors view it as digital gold. >>

is there a bitcoin bubble? >> we have seen really fast growth in bitcoin recently.n uptick coming from an industry that hasn't been moving as aggressively in the public radar. now that a lot of growth in prices is more closely tracking fundamentals, i think we are seeing a big uptick for that reason. emily: some people say bitcoin is like gold, a finite resource, and therefore not as interesting. what's your take? cory: i think gold is fascinating, personally. it is true that the way bitcoin is constructed is meant to be finite. it is harder and harder to mint coins as there are more and more out there. the scarcity value is an important part of the bitcoin plan. it has been from the beginning. for people in the bitcoin community, they see all this investment and excitement. they cannot believe there parents don't understand what they are doing. so when they see the price surge they can see as a validation as , what they've been working on. there's an element of a gold like fervent belief and rapid speculation. when you show the five-day chart, you saw the really dr

let's talk about bitcoin and what you see, look at this tremendous run we had in bitcoin at 1936, somebitcoin markets today were as high as 2000. a touch 2000. that's going on? you see one thing going on, you are seeing people buying bitcoin as a hedge. you think about it, the u.s. dollar is a reserve currency in the world. you have some political chaos. where do you go? you go into bitcoin because it's a de centralized currency. the other going on underneath is japan has really come online as a big supporter of this technology in general. look at bitcoin versus, we have the t and y and japanese yen, u.s. dollar. you can see the beginning of the year, cney had a fair amount of train e trading. that's japanese yen, that's 40% of the daily bitcoin volume is in japanese yen. >> that is kind of fueling everything. people ask me all the time, how do you buy bitcoin? next chart. one coin based, real easy user interface. you go there, they are one of the largest bitcoin exchanges based in the u.s. if you want to buy in, your brokerage account. gbtc, the bitcoin investment trust. the caveat, t

the other problem is it is harder to use bitcoin.ig issues in the bitcoin world is how hard it is to close the transaction. the speed of closing a transaction in bitcoin is getting exponentially worse. it's been happening coinciding with big rises in price, but it's hard to do in dealing bitcoin right now. we are showing a try that ship -- shows how long it takes confirmation. it is getting slower and slower. it may be a problem and that it actual coin itself so that bitcoin cannot get out of its own way. there's been a lot of discussion of this in the bitcoin community. the fixes have not worked. the proposed fixes are challenging the nature of a coin -- bitcoin. unless there's a solution, there , because real problem the transactions cannot get done. emily: what about the safety issue? we just covered this big wannacry, they were asking for bitcoin because of the anonymity. will that change? technologiesese offer a new suite of use cases that were impossible beforehand. -- thators and that includes good actors and bad, like the res

for bitcoin, yen for bitcoin.bigger countries have wasted by bitcoin. if you are infected, you have to open up a bitcoin account at a bitcoin exchange, where there are people that sell it to you face to you face-to-face off-line, but it is a pretty difficult task, which is probably why we haven't seen tens of thousands of people only do it -- we have only seen tens of thousands of people doing it. guy: camera draw a link between what is happening to running this attack and the price jump we have seen? maybe there was a front running of what was happening here? yuji: that is an interesting thesis. we have seen bitcoin writes about 4%, 5%ise since the attacks have started coming up your you are talking to giles about less than $50,000 has actually been tracked as ransom paid out. day, that small sum, every tens of millions of dollars of bitcoin is traded every day around the world. i do not think that people buying bitcoin is why the is up 45%. always al, there is lot of speculation in the bitcoin world. something l

that's the problem bitcoin i think has. >> the more bitcoin is used in a mechanism in not just tradednge for sport, the more stability it will find in a market m market. so it's a matter of time. just a week and a half ago, a japanese aerial announced that they were going to accept a coin with payment. so we are seeing more and more vendors accept bitcoin as payment. >> i hope that's what's happening. i hope there is stability that comes to bitcoin that you buy on an equilibrium price, whether it's a thousand dollars, 2,000, 6,000, 10,000, i don't care. what i'd like to see, however, a sense of stability and these sorts of market movements that we have seen where bitcoin has gone from pennys to what at pun u one point last week i bought the to 2700 for bitcoin. that's sort of nonsense. can we be two years from now when we settled prices down, probably at demonstrably lower levels than we are right enough to. when the millennials have been taken out of their precious trade and come to copper as it were, then there will be wisdom and rationale behind it. as i set, i think the lockchain

the highs and lows of bitcoin.e will track the success and wealth swings of the digital currency on the bloomberg. first to our lead. donald trump made his g-7 debut in sicily, the final stop on his first international trip as president. tensions were brewing over trade and climate change. there was one topic the group was in agreement on, the need for internet companies to do "substantially more" to take extremist material off-line. the meeting comes days after the terror attack in manchester which killed 22 people. joining us from the sicilian town, matt miller who has been covering the summit. before you destroy my pronunciation of where you are, matt, the words coming out of here, redoubling the efforts against terror. there was some agreement today. matt: there was. i think a little bit of unexpected agreement. when we came here yesterday, there was an expectation nothing would be accomplished because the italians wanted to move on climate change. they wanted to move on global trade and immigration. three thin

bitcoin is happening.ay there is news of cars being purchased with bitcoin, houses being purchased with bitcoin. the rise in the currency is noticeable. so is the volatility. they had a huge move the other day, nearly 20% down in the course of an hour. vonnie: if it is going to be used more as an alternative currency to buy houses and things, you don't want it to be volatile. what is the story in terms of regulation and bitcoin being accepted on exchanges. getting the green light among regulators? cory: the alternatives to bitcoin, the alternative alternative currencies. they're trying to stick to the fundamental problems. one is the anonymity. your customer rule to prevent things like money laundering. andoin is fundamentally technolog technologically again. there are interesting elements that allow customers to verify identity, keep a record of all transactions encrypted within the currency itself, and therein lies the interesting development in alt alt currencies. vonnie: any big hedge funds, any fund m

a bitcoin expert. 0ne a high risk investment. a bitcoin expert.tions of working people in the world is india. a reports as fewer women are entering the workforce. today, one in five women in urban areas are in paid employment. the gap in the market will have serious ramifications for the economic growth of india according to new reports. what is stopping them from working? i did not want to do a nine to fivejob. working? i did not want to do a nine to five job. i wanted to pursue my dreams. i do not work any more because i want to look after my child, and that is more important to me. if you want something, you have to give up on something, right? my child is the first priority. like i said, iwant child is the first priority. like i said, i want him to understand my love. i don‘t want to miss out on the fun things he does at home. i don‘t want to miss out on any of the things he says. hats off to the women who manage to work. raising a child is a lot of work. it is draining, emotionally and physically. we are trying to build oui’ physically. we ar

i am just versions of apra won. —— versions of bitcoin.s of bitcoin. i am just getting word in my ear that george lazenby is still alive, so you are correct that roger moore was the first james bond act to die. —— actor. moore was the first james bond act to die. -- actor. have a great day, we will see you soon. hello there. tuesday was a predominantly dry day with the heart of the country seeing the best of the sunshine. if we look at the weather watcher's picture from herefordshire, this illustrates the point nicely. there was cloud topping and tailing the country in the cloud, but enough for outbreaks of showery rain in the far north west of scotland. this is how we closed out the day yesterday with cloud and rain in the north and a little cloud lingering down to the south—west and that will still be with us first thing this wednesday morning. some coastal and some sea fog here. it will be quite a warm start, however, to the day. mid teens already and so temperatures are set to lift as we go through the morning. but we keep the cloud to

you can ask bitcoin exchangers to free up the funds. point is that the gateway of these exchanges are open. vonnie: is there an international court that could have jurisdiction? >> it differs depending on the jurisdiction. some countries regulate bitcoin more than others. the u.s. is the earliest of move where as the eu is coming up with new legislation. mark: is this type of malware going to become more and more prevalent? >> i think so. likebeen an able by things bitcoin which enables payments to be made in a semi-anonymous way so i think that will increase. mark: what can businesses or individuals due to protect themselves? one of our reporters suggested you wipe the hard drive and install the new operating system . is it that simple? >> i think you have to make sure that your software is up to date. these exports usually -- these exploits usually identify with old systems. you need to be in a position where you are ready to respond. if you pay a ransom, you have to be in a position to do that. reports on ransoms or people getting ba

could bitcoin be the new fear gauge, dan? >> possibly.u see this thing double in almost two months, a lot of the argument is the same argument that your people moving in toward gold, that sort of thing. when i see this price action and low volatility in equities, and fear index, in the vix, it signals something about sentiment for at least a portion of the market. >> you're in bitcoin? >> i am. but not as much as the player over here. i'm the johnny come lately, i'll tell you that much. >> i do have a bitcoin investment. it is really a bet. i make this bet knowing, you know what, this could go to zero. i've got to be willing to lose a bet. i don't see it as a fear indicator as we could be looking at a very monumental evolution in currency. bitcoin and other digital currencies, i don't know which one or ones may end up winning. i think that this could really han that we see a monumental change here. it could go to zero. but i'm going to let it ride. you can't look at it every day because it's so volatile t is ridiculous. >> you've got regu

. >> and bitcoin, this is something people talk about bitcoin, as this very anonymous currency.ut of course, you guys are trying to track this and source it to criminals. you have made any progress in this particular case at the moment? can you give us any details about what you're seeing? >> in this case, the firms have not yet met. so they the fact that -- in previous cases with law enforcement to see where the funds are because ultimately, they'll have to turn it back into a currency. >> james, on that very point, is it unusual for hackers to demand bitcoin as their ransom? does it point to you who the hackers will could potentially be? >> it's pretty normal for ransom to demand bitcoin. and bitcoin is at the moment the currency of the.gov. and it has a reputation of being anonymous. >> and i guess this case a lot about the viability and credibility of using bitcoins because it really is, as you say, the currency of the dark web. and many illegal institutions, isn't it? >> it is. it's also used for legal things on the web, generally but bitcoin is fundamentally new to the wor

this is an intraday chart of bitcoin, two-day chart.see on the right side, melissa, pretty quick turn. >> the biggest force in the bitcoin trade of late has been japanese regulators opening up bitcoin on foreign exchange. there's one point where 50% of the bitcoin volume was out of japan. so that was a huge factor in this recent push higher in bitcoin. >> you wonder if that also has to do with the japanese government liberalizing or legalizing gambling. there's no gambling allowed in japan at all except for the parlors where you convert points to things. >> two separate issues but i get that because historically japan has been -- they love to trade currencies. you read way back when, the past ten years, housewives trading. >> way back yen. >>> but can i ask you a question, melissa, is bitcoin a currency or asset? everyone says it's a krip toe currency. i want disagree. how can -- because currency can't move like this. i would say it's more like -- >> why can't a currency move like that? >> real estate, something else that accumulates in

dollars in bitcoin. that fact does not help with that thesis. think what may be another case that is here is that some smaller group got a hold of the nsa vulnerability leaked by shadow brokers and wrote an amateur piece of malware that got out of control. it was targeted at consumers and ended up where it was. the ransom request is not great, so a few theories are being worked. law enforcement is all over this. there are things we should not talk about because we are on it. the other point the gentleman made, microsoft, are they culpable for this? that is definitely something we should talk about. i think microsoft has come a long way in recent years in hardening their operating system and their patches. this is about vulnerability, and vulnerability comes, people become aware of them and catch them. this is about i.t. and consumers being very quick to adopt the latest patches, whether it be an apple product, a google product, and android a microsoft product. , emily: you say you blocked 22 million infection attempts. how many didn't you catch?

if you bought $100 of bitcoin 7 years ago, you'd be sitting on $72.9 million now . . .the price of bitcoin hit a fresh record high nearing $2,200. monday also marks the seventh anniversary of bitcoin pizza day, which is widely considered to be the first transaction using the cryptocurrency. if you bought $100 worth of bitcoin on may 22, 2010, you'd be sitting on around $72.9 million today. monday marks the seven-year anniversary of bitcoin pizza day - the moment a programmer named laszlo hanyecz spent 10,000 bitcoin on two papa john's pizzas. the cryptocurrency has many doubters as it continues to be associated with criminal activity, but it has still seen a stunning rally. political uncertainty globally has driven demand for bitcoin as a safe haven asset warriors trying to close out the spursand become the first team in nba history to start the playoffs 12-01st quarter steph curry mises the 3- pointer gets it back and makes the 2nd 24-15 safe haven assetfor bitcoin as a safe haven asset warriors trying to close out the spursand become the first team in nba history to start the playoffs 12

no one knows who created bitcoin.een around for a few years.it is supposedly untraceable. with the silk road, it was not completely untraceable. there are people who do money laundering to hide it. bitcoin goes across nationalities, across currencies, cross borders. it doesn't matter. someone in north korea can tell someone in america they need six bitcoins at $1500 a piece, and there's no way to trades who got it, how i got there, or how it turned into physical cash later on. emily: yearbook talks about the ethics hunt for this guy, a young guy who founded the silk road, which is basically an online marketplace for drugs, guns, poison. what are the lessons to be learned here? you make ties to the tech companies of today. >> i think one of the things that is fascinating is that this he's from austin, texas, he had this very simple idea -- what if you could make a website where you could buy and sell anything using bitcoin? he built it. just in the same way travis and his team built uber, and sergey brin built google,

bitcoin.the unprecedented traffic this week. we're going to talk to an executive from that -- is orange is the blue black was that dropped in? this is where i trade andrs. manage my portfolio. since i added futures, i have access to the oil markets and gold markets. okay. i'm plugged into equities- trade confirmed- and i have global access 24/7. meaning i can do what i need to do, then i can focus on what i want to do. visit learnfuturestoday.com to see what adding futures can do for you. steve, other than making me move stuff, i'm here at the td ameritrade trader offices. what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place and lets you visualize that information for any options series. okay, cool. hang on a second. you can even see the anticipated range of a stock expecting earnings. impressive... what's up, tim. see options data like never before. with thinkorswim only at td ameritrade. >>> what is bitcoin? it

now the plan by bitcoin which behind an aviation company, they started accepting bitcoin.ying to get into stores nationwide. they will work with a patient terminal provider. they will get into convenience stores, which are ubiquitous in japan. if that happens, it looks like there will be even more of a foundation for bitcoin use to really accelerate here in japan. haidi: right. the other thing we are seeing is this meteoric rise in the price of bitcoin. what has been driving that? what does bitcoin think about it? is reallyit interesting. there are a lot of factors behind the rise. part of it is speculative trading, a little bit of probably.oing on also, some recent changes that have made it difficult to essentially moved out of bitcoin. all of that has contributed to it reaching record levels. that is also contributing to the heightened interest in crypto currency. haidi: thank you so much. the next big thing when it comes to shopping in japan. coming up, can volatility make a comeback?how long the commodities market can last. this is bloomberg. ♪ haidi: it's almost midda

i don't know what bitcoin is. he's, you will pay me $300 in bitcoin. hello?s a crypt currency. you go to bitcoin.org. what do you mean it's not loading. all right, did you turn off your router? yeah, and turn it back on. no, turn it -- no, no, go to bit -- no -- okay, listen, do you have venmo? you know what, just send me the check. send me a check. i just want to get off this call. i'm done. what do you mean you're not done? i'm done. i want to be done. what do you mean i must pay you $300 to be done with this call? ( laughter ) now, this attack was huge. it was a massive attack worldwide, but great britain was one of the worst hit places with even their national health service being forced to shut down. meanwhile, america came out relatively unscathed. but if you watch the news, you would have thought the complete opposite. >> we're getting reports that some hospitals have been hit by a cyberattack. computer and telephone systems are down and staff are having to use pen and paper. >> breaking news tonight, a massive cyberattack and hospitals held for ransom

if you bought $100 of bitcoin 7 years ago, you'd be sitting on $72.9 million now . . .the price of bitcoina fresh record high nearing $2,200. monday also marks the seventh anniversary of bitcoin pizza day, which is widely considered to be the first transaction using the cryptocurrency. if you bought $100 worth of bitcoin on may 22, 2010, you'd be sitting on around $72.9 million today. monday marks the seven-year anniversary of bitcoin pizza day - the moment a programmer named laszlo hanyecz spent 10,000 bitcoin on two papa john's pizzas. the cryptocurrency has many doubters as it continues to be associated with criminal activity, but it has still seen a stunning rally. political uncertainty globally has driven demand for bitcoin as a safe haven asset (steve) a long planned upgrade to cal-train ... has gotten a major financial boost from the federal government. the u-s department of transportation and the trump administration.... have authorized a six hundred forty seven million dollar grant that will allow caltrain to electrify its system. as kron4's charles clifford reports -- that's a go

analysts say bitcoin is now seen as an asset that can cold value through instability. asian markets are also becoming more open to the digital money and bitcoin is valued at $2,036. >>> a close encount we are wildlife went from peaceful to terrifying in seconds. a little girl got too close to the water when a sea lion lunged at her, grabbed her by the skirt, and pulled her into the water. watch that right here. she sits down and here comes that sea lion and pulls her in. a man jumped into the water and rescued the girl near vancouver, british columbia. earlier video shows visitors feeding the sea lion and experts say the animal doesn't appear aggressive, just curious and hungry. probably conditioned to expect food. don't feed the sea lions. >>> in honor of asian pacific heritage month, we're using our bay area instagram feed to celebrate people making a difference where you live. today, we honor the legacy of the late tyrus wong, a disney animator who emigrated to the bay area from china as a child. his work captured disney's attention and captivated audiences in the c

why is it so difficult to trace bitcoin?ll of our energy, with the nsa working et cetera, we could track down who is responsible for an account to which a ransom is being paid? >> that is encrypted monetary exchange on the internet. all of this ransomware has these account numbers where the payment is directed embedded in the software. if you go on the bitcoin account you actually can't connect those account numbers to any individual. david: wow. >> therefore, because it is an encrypted exchange it is impossible to track the source. david: although we saw bitcoin, by the way its value went down significantly yesterday in light of the attacks and the suggestion that perhaps the nsa and worldwide law enforcement officials are going to force bitcoin to make it easier for law enforcement to get into some of those accounts. do you think they will succeed? >> what is interesting to me about the disney hack is that, you know, it is not only coming on the heels of netflix but 2 1/2 years ago if you remember sony had a significant ha

joining us is bitcoin investor -- are you an investor in bitcoin or a buyer? a holder?ink of myself as a barren, kelly, like that's the title. >> all right. >> i'm a bitcoin investor returning a digital currency hedge fund. >> all right. if you invest in body body coin, it's not currency, i invested a $5? >> people invest in the foreign currency market, that's number one. number two, bitcoin's a lot more than just currency, right? i mean, you buy gold, $5, invest in gold. it could be digital gold. really, what people are starting to understand is that bitcoin, a lot of the other products out there and protocols are really these foundational protocols for web 3.0. >> still, brian, if you're the long term guy on currencies, you can't like the price action this year, right? starting to feel bubbly. isn't that a danger? >> yeah. so, listen, i've been in markets long enough to understand, but prices go straight up. there's the risk that they will come straight down. so, yeah, this makes me more nervous, this price action than price action down at 250 and i was buying it. now

bitcoin doesn't have that. it still exists to some degree in wild west of finance of the i don't think it will become a true competitor to the dollar or euro, et cetera. melissa: back to the agenda, the house ways and means committee set so hold a major hearing what sweeping pro-growth tax reform will look like. liz what do you think about this? >> we want this to turn out well, right? the country is ready, markets are ready, investors are ready for a good tax reform program. this is the linchpin of trump agenda. we all knew why health care reform had to go first but time to roll out what they really want in the way of tax changes. we know the gist of it. but mnuchin will be on the griddle accused by democrats of simply looking for tax cuts for the wealthy, et cetera. they have to make this appealing. they have to sell this to middle america. and explain why simplifying our tax code which should by the way please everybody, and also repatriating money from u.s. corporations that are holding money overseas all m

places like fidelity have invested in a lot of bitcoin venture funds. in fact fidelity said that its employees can use bitcoin at the company cafeteria to guy lunpayr lunch. but others like ripple have gained even more. >> bitcoin the meerkat, we'll find out. >> and we're going through all the bubble cycles and this will eventually crash and everyone will say we were such idiots. >> they will say that any qway. thank you. when we come back, the president is meeting with nato leaders. we'll get a live report. it's been 40 years since audiences first travelled to a galaxy far, far away. and then amazon 997.09. we'll watch that. it's an important question you ask, but one i think with a simple answer. we have this need to peek over our neighbor's fence. and once we do, we see wonder waiting. every step you take, narrows the influence of narrow minds. bridges continents and brings this world one step closer. so, the question you asked me. what is the key? it's you. everything in one place, so you can travel the world better. and then amazon 997.09. for year

this is bitcoin over the past .ear, 300% rise today's price for bitcoin, a record. seen a lot of buying and bitcoin as a potential haven in emerging market economies, different reasons for the buying. bitcoin at $1932 per the moment. go get yourself some. a record day, thank you very much. in the close today, deputy attorney general robert rosenstein told lawmakers he stands behind his memo on former fbi director james coming. the president's decision to fire the no formal director was fitting. he said quote, notwithstanding my personal affection for director coming come i thought it was appropriate to seek a new leader. want to brand bloomberg's congressional reporter from capitol hill and ken doyle -- and a, b start with you. there was this written testimony. what else did we learn from it -- the deputy attorney general today? >> we can close terminating this -- morning. senators the left their breeding yesterday had -- the big question is, when this was written, what did the deputy journey attorney general that when he wrote it? if you knew president trump was ea

all of this money has gone into these three bitcoin wallets a nd has gone into these three bitcoin walletsnd it has not been touched. the eyes of the world on these wallets. who is going to take that money out? the way that bitcoin is set up, there is no easy way to know who has access to those wallets. set up, there is no easy way to know who has access to those walletsm isa who has access to those walletsm is a much more anomalous forms and saying, i want a ransom, is a much more anomalous forms and saying, iwant a ransom, here is a much more anomalous forms and saying, i want a ransom, here are my bank account the towels —— anonymous form. this hasn't worked out quite right. normally a ransomware gang would have a different bitcoin account, is one that, kind of like a bank account for each demand. the idea is that everybody puts in their few hundred dollars, £200, they empty the account, it disappears and the money is gone. this hasn't happened in this case. what is fascinating for those who are searching for this people, what does this mean? is this gang not one of the professionals? h

bitcoin's most volume is traded in china.nfortunately, liquidity is not large enough that seriously large investors can consider bitcoin as a serious part of their portfolio. vogue atsolutely en the moment, particularly in china. matt: thanks very much, mark cudmore. you can follow live market insights at mliv . it is a great way to become informed about what is going on on enrolling basis. stay tuned now for a conversation with senator elizabeth warren at 11:00 a.m. u.k. time. continue following these developments out of the u.s. and get the latest on the trump administration's move to fire fbi director james comey. coming up, a talk with barclays ceo jes staley faces investors as the agm goes on today. don't miss that interview. plus, we get an outlook for the euro. what is next for mario draghi now that the french election is in the rearview mirror? we talked to unicredit head of fx strategy to see what is going on with money trades. this is bloomberg, the open is 20 minutes away. ♪ ♪ manus: 7:42 in london. 8:42 a.m. i

once they wrote the programme and found out a way to receive the bitcoin, they can sit back and watchabout the state of security? it is disappointing. millions of computers around the world have been effected. it is a way of finding out who did not do what they needed to do two months ago when microsoft revealed this vulnerability. the reason responsibility to share. the system organisations who did not keep their systems updated. how likely are the culprits to get the ransom? with this many people locked up, even if they get 10% they would have had quite a nice weekend. i think they will see this as a successful export. the question is, can we find who did it and can we catch them? very ha rd to who did it and can we catch them? very hard to do in this global crime stop how much corporation internationally will be required? it depends on where they live. western countries are fairly good, if you live in the uk, us and germany, or than likely they would go to jail. but other countries who are not as good at enforcing the law, they may not pay any penalty at all. the best ones are neve

there could be other reasons but bitcoin is often a multistep process.ster an exchange, put money there, and then you have to transfer the money there. and at times, that can take a day or two to go through. so, you know, we'll see how it all kind of plays out. but only 40- $50,000 changing hands. now, the next step in this process is figuring out the who's behind it and that's also tough with bitcoin because it's difficult to know who the attacker is based on the address they're using, the bitcoin address. but -- and this will be important. if and when the bit coins are moved to a different address, then apparently they can be tracked. so that's one of the things that they may be waiting for here. as for the attack itself, we're told that there are not any victims, though, inside the u.s. federal government, and it is the u.s. government, which may have kind of started all of this. although certainly not on purpose. there are some reports that say these infiltration techniques, these hacking techniques were developed by the u.s. intelligence community,

what you make of bitcoin, what is going on here? it is on another search again, it has a bit more approval in terms of using it for transactions in japan. there was an airline that agreed to take payment and bitcoin which was a small airline. it helps the promotion that bitcoin has been accepted. it coin is in a surge and many people have called it a bubble. it was easy to call it a bubble $1000 a gear -- ago. ory could stop at $3000 $4000. the main thing about bitcoin is it does not have any fundamental value. the value is what people can associate with it. it can fall to zero. it can mean there no reason it should stop at the top side. there is no reason to start selling it now. bitcoin is hard to call and the trend is your friend, i guess. guy: absolutely, momentum. thank you very much indeed. more analysis throughout the day from mark and the rest of the mliv team. kindo>, look on the right side -- right hand side of the tv. you can also see the number that you can use. the andtake you back to a, we have been there all morning.

bitcoin moving up. big swings here for bitcoin.f course, we do have those ransom ware attacks where bitcoin is the currency of choice using those attacks, mark, but look at bitcoin. spiking well higher on that dollar index weakness. mark: let's bring in a global strategies gist -- strategist. love throw have you here in london. lest look at a chart which you nodded when i brought it up. i knew i've down the right think this is the italy-german spread which isn't as high prefrench election. we're at 1.85. 2.13 was the highest since 2014. we were looking at the spread before the french election. is this the charge that -- chart that wore looking out forward next? >> i think it is. investors are going to be focused on it now and 2018. there are two points that are significant. until the first round of the french elections when it was you pen on the right, the french went as high as 75 points. and the italian moved in sympathy. the change that has happened according to the chart is italy is no longer correlated with france. france is i

bitcoin has been a choice. when you look at alternative currencies, you've seen the inverse relationship. to get back to the utilities, people thought that rising rates, they weren't going to be able to pass on those rates. they do. people thought it was a rising rate environment, it's not to that point. staples, to me it's a product of one day you have one sector leading, another is another sector leading. unless you bought materials or reets, you won in the market. financials basically flat. this is the trump rally. when everyone says what's the trump rally, it's the overall market as a whole to me. >> staples, trading at a current pe of 22. information toechnology is trading at 23. >> looks to me, some of these, are they going to continue to be the safety trade? that's the big question for me. you start looking at some of the valuations and scratch your head a bit. looking at volatility. if you have to have a safety trade on, why wouldn't you want to have put protection. something you know will droeblgtly be

and in some cases, bitcoin is just hard for people to use.t don't get how to use it. vonnie: tom giles, thank you for that update. much appreciated. he's executive editor of globaltec nothing from san francisco. time for the latest business stories in the news right now. anheuser-busch wants to be more than just budweiser. the maker of the american beer will invest $2 billion in the u.s. to fight growing competition from craft beers and cocktails. some of the money will be spent spruce sprucing up the bud brand. u.s. and european union officials meet wednesday over the trump administration's plan to the in-flight ban on laptops. it will impact more than 400 daily flights in 65 million passengers a year. tui group c.e.o. discussed the global today on "bloomberg markets." to r main customers are make are -- so for us, it's not so important. but for business travelers, i'm pretty sure it will have quite an impact. vonnie: and that is your latest bloomberg business flash. coming up, it's today's purr cute and we're going to hear from the chairman

you pay through bitcoin. a lot of critics of bitcoin say this is why it's not good. >> they're using bitcoin because of the ability to remain anonymous. in the past what we have seen is actual money exchanges through western union and other sorts of bank account deposits, but those can be tracked. using bitcoin the actors or the attackers are able to hide where they're located. they're able to remain anonymous. and that allows them to continue this type of activity. >> all right. sean henry, thank you as always, my friend. >> thanks, richard. >>> changing times could mean changes at your local dmv. the debate to recognize people from all walks of life. >>> and also calling the firing of james comey a constitutional crisis is that really the case? we'll talk to a presidential historian who predicted that donald trump would win his presidency and his thought on what that is, constitutional crisis. (vo) pro plan bright mind adult 7+ promotes alertness and mental sharpness in dogs 7 and older. (ray) the differenc

and that is why they are choosing to use bitcoin.sting because the experts aren't pointing their fingers at anybody yet, but i just want to bring back that map that you showed at the beginning of this segment because if you look at it, it shows that there are infections all around the world. nobody should assume that the russians or the chinese are to blame here. the places that have been worst affected are taiwan, ukraine, and russia. so russia one of the biggest victims here. likely according to many sources a group of cyber criminals really just looking for money, not a state or a government. >> samuel burke, thanks. >>> donald trump's firing of james comey had washington spins this week. what about the rest of the country? we check in on how his supporters outside the beltway took the news, next. >>> after a couple years if nothing gets done, then i don't think he will have any supporters left. r who's stared down the best in her sport. but for both of them, the most challenging opponent was... pe blood clots in my lung. it was r

spent 10,000 bitcoin on two papa john's pizzas.ocurrency has many doubters as it continues to be associated with criminal activity, but it has still seen a stunning rally. political uncertainty globally has driven demand for bitcoin as a safe haven asset when is it a good idea to pay off my mortgage early?maury (mark) the idea of the "popular table" is out the window at a one school in pennsylvania. as ali bradley reports... two fourth- graders are now making sure that no one eats lunch alone. when the lunch bell rings and it's time to flood the elementary school cafeteria, it's no secret that all kids want to sit at the crowded table.natsotsomething as small as not having a place to eat lunch can be devastating to a 10-year old.marissa jones, "we dine together" proponent: "sometimes they get picked on and nobody should have to go through that."marisa jones is in 4th grade at bermudian springs elementary school in huntington township, adams county.she witnessed a couple of kids being singled out, so she came up with an idea. mariss

, or twice as much if you're not using bitcoin.hat do you make of this tactic? bit coin is something that is more difficult to track, but even so, couldn't that lead directly to the people who are behind this? patrick: well, this is -- there is a large underground that has been built from an organized crime syndicate around this on a worldwide basis and they have built mechanisms very effectively to make it challenging to find them. and a simple way to think about it is that because they have hacked other machines around the -- to they can opt to information around them. they are harder to find. two years ago, f.b.i. said ransomware was a $24 million problem. this year, it will be over $1 billion. and this is causing challenges. we have not seen the biggest, baddest yet. emily: what are businesses supposed to do, do they pay or wait it out? >> we would tell businesses not to pay, and when we talk to our prospects that have been hit in the past, we see more organizations not paying and using this as a way to have a conversation, the

the hackers left payment demands for each user requesting they make a payment in bitcoin to their bitcoinwanted access to their data. you can view the transaction history for the hackers bitcoin wallet online, and it shows incoming transactions ranging from 200 to $500 posted today. these hackers promise to delete data if the users didn't pay up and now it looks like it could be working. we also are getting new information about why the u.s. has not been hit as hard as europe. cyber security analysts say that the hackers began the hack campaign by targeting organizations in europe. by the time the hackers moved onto u.s. organizations, spam filters had identified the new threat and flagged the e-mails asthma luscious. security experts say situations like this are exactly what keeps them up at night. we also have more information on how the hackers manipulated the ransomware to spread so quickly. cyber security researchers say the hackers likely made the stolen nsa tool into a self-spreading malware. like a worm, once the infected ransomware moves in, it moves around the network, and it's

with the surge it had, the bitcoin surpassed that of the gld. listen, we know there is trillions and trillions of gold reserves out there. we think of traders using it against an equity decline. that surge got pe thinking of gld the same way you are thinking about it. if there is truth for it for equity, owning that 127 call spread in the gld looks like an easy one. and you like this risk-reward. >> you get much more equities out of gdx or gdxj. either way, gold the bouillon or minors, it is going to work. >> check out our super cool newsletter. so what are you waiting for? here's what's coming up next. >> you want to see something scary? check out general motors. we will tell you how to profit. >>> plus, here's what shares of amazon are doing. if you want to lock in gains, we will show you how to do that free. when "options action" returns. those things today with the futures now newsletter. you will get the latest news, a sneak peek at interview, stay ahead of the headlines, sign up now at cnbc/features e-mail. "options action" is sponsored by

to get them back the hackers demand $300 in bitcoin. >> we think the number is somewhere around $100,000 primarily because there's problems in the malware that -- in getting that done. >> reporter: it's a hacker gang with ties to north korea and symantec discovered lazarus group's signatures in the "wannacry" code. >> some fragments or snippets or pieces of the technology was definitely linked to a lazarus group who were implicated in the 80-plus million dollars that was taken in a bank heist in bangladesh and the sony pictures thing which definitely has a tie to north korea. >> reporter: although clark is quick to point out that the evidence so far is not conclusive and it could be fake. >> it's like a bank robber who leaves fake fingerprints around to blame someone else. that's a theory. >> reporter: this particular hack doesn't affect mac computers but it is still alive and well and may still hit people's pcs. no matter what kind of computer you use, stop ignoring and delaying those security patches. we have all been there. your system tells you, you need to install an update. you say

with more than 4,500 votes counted, 36% of you have chosen bitcoin. bitcoin. wow.t many of would have gone for amazon. head to traderpoll.cnbc.com to cast your vote. >>> one analyst who correctly predicted bitcoin could hit $2,000 now believes the currency could reach as much as $100,000 in ten years. head online to find out why. >>> let's change gears. janus henderson completed their merger yesterday with the listing of shares in the combined group on the new york stock exchange. they took the decision to merge amid increasing outflows. janus henderson hopes to see 100 million in cost savings per year as a result. gemma joins us. you talked to one of the co-ceos this morning. >> what you mentioned was talking about the defensive point of view of why the merger went ahead in terms of cost savings, defending against increasing pressures in the industry. clearly what the ceo -- co-ceo was talking about is more the opportunity he sees there. one point he dwelled on was scale and the necessity of being big in the industry, now going forward. talking about the fact that

until bitcoin gets backed by governments, it is subjective. it has no concrete value you can rely on. it is true that currencies do not have a concrete value if we get into an armageddon situation, but they can pay for your taxes and services in a world that has not broken down into complete armageddon. think there's a difference between fiat currencies and that going. guy: we look forward to it with a key level -- keen level of fascination. throughout the day on what is happening out there in the markets. to keep you abreast of what is going on. we are watching opec celebrating a deal. all markets a little less than impressed. is it better to travel than arrive? we will talk about that view. we will take you to vienna for details. a lovely day there. this is bloomberg. ♪ matt: welcome back to "bloomberg markets: european open." about 15 minutes away from the start of cash trade. today i am in sicily italy for the g7 meeting. guy johnson alongside me at in london. i want to go to bloomberg -- to the bloomberg business flash. juliette. jul

all the action is bitcoin. we should switch out gold for bitcoin. >> we should. we should have all invested in it a long time ago. and we should have bought gold at the start of the year. a nice 20% return. >> bitcoin double the price of gold. >>> trio of headlines out of europe this morning. ecb president mario draghi said he is firmly convinced the central bank needs to stick with its quantitative easing program. he said the eurozone needs an extraordinary amount of monetary support from the ecb despite signs of an improving economy. when he speaks to parliament he sometimes wants to make sure he has room to continue loose policy if he needs it. >> or maybe trying to talk down the euro ahead of tightening. >> he offsets things in between meetings. >> the euro has come off the lows. last year way below 1.10. now back to 1.1250. that's without tightening from the ecb. >> back in and around some of the frefrnl elnch election move around 1.04. >>> a greek government spokesperson denying a report that athens may opt out of its next debt payment. >>> and a new poll o

demanding usually $300 in bitcoin to unlock the files.f you don't meet the demands within a certain amount of time, the threat is all the files will then disappear. over the weekend the pair of cyber security researchers were able to activate a kill switch in the first version. appears as though the second version is now out there. experts say really the only way to protect yourself is to make sure that your microsoft operating system is updated. >> that's definitely a good tip right there to update all your systems no matter what. thank you. >> the researcher by the way, 22 years old. who did that and found the solution. >>> a scary scene over the weekend in charlotteville virginia. torch wielding monogathered in a park protesting the statute of robert e lee. chanting this. all white lives matter and no more brother wars. led by white nationalist richard suspend or is. participates said they were protecting white heritage from charlotteville to remove the statue. once a counter-protest supporting the removal arrived. no arrests were made