bitcoin, bitcoin cash. those are some of the digital arrencies that have been on tear this year seen value skyrocket. currency is crypto $170 billion and rising. interest is at fever pitch. more bets being placed on currencies from high profile like mark cuban to some of the biggest banks across the globe will cover some of the issues aroundand the currency market over the next hour. smooth't just been sailing. in the crypto world. caroline hyde took a look what makes this mark so volatile. are in theurrencies midst of a record setting run. bitcoin have seen values skyrocket. bitcoin, which is close to a household name you can get in crypto currency, has shot up over 350% so far. fact, jumped from just over a thousand dollars at the start of over $4,500,000. and theorem it's on move as well. >> we see companies across all usestries looking at how to this technology. >> it's not been smooth sailing for the currencies. at recent 30 day snapshot in the price. rollercoaster ride. august of last year, bitcoin ha

bitcoin is now splitcoin.an argument over something called block chain technology, and how it can carry more information as more people use crypto currencies. it affects the speeds of transactions. for example, bitcoin can handle six transactions per second, compared to a payment system like visa, which can handle 1600. they want to increase the speed, but they have been squabbling over how to do that. 0ne been squabbling over how to do that. one group of developers have created a new, second version of bitcoin, which they are calling bitcoin cash. it does not have a huge amount of support yet, but it is expected to create some volatility in prices. that is because the original bitcoin is trading at nearly $3000. the new bitcoin, it costs only around $200. fascinating analysis. thank you. earlier, i spoke to a bitcoin investor and asked him what investors can expect. it all depends on what happens in three months from 110w. on what happens in three months from now. it has been promised by the main bitcoin deve

overstock, right, accepts bitcoin.% now it's 50% have you looked at the chart it's up 25% year-to-date it tracked bitcoin in lock step. >> really? >> unbelievable. where everyone wrote off overstock, going out of business, they get a bitcoin angle to them and they shoot straight up the month of august. but for the etfs, that's a high bar to hurdle. when you apply to the ftc. don't think there's going to be a dozen etfs just yet, because the s.e.c. probably doesn't understand bitcoin either. >> i don't think most people can't do what andrew does, to karen's point. my takeaway, it's not an indictment on bitcoin, i think that has to be clear to people he's not saying they're not viable it's this instrument i think if there's one takeaway, it's that. >> absolutely. shares of apple at an all-time high today with the stock up more than 10% in the past month. ahead of its big iphone event. traders weigh in it was the call that divided the desk after the break, steve grasso stll talk about the mo controversial call he's ever m

about bitcoin. let's go to the first one. what is the best way to buy bitcoin?, i still think the easiest way to buy it is via coin base they have a very good user interface. it's very easy to use. very intuitive looks just like your bank account. actually if you have coin-based account, you could also see that in your fidelity accounts these days. >> phoennext tweet, what base ao in from? you were first have you sold it and bought it often? >> i am an active trader i have bought bitcoin at all different prices first purchase was about $6, rode it all the way up and all the way down lowest purchase price was about $250 i'm in it from all over. i will actively trade it >> so let me ask you a question. if i had you tell me in two sentences or less why i shouldn't be wor are rrieworrien bitcoin in two sentences or less can you do that? >> absolutely. a giant ledger like an accountant has don't need value in the middle transfer third person to person, without having an intermediary changes the financial intermediation industry. >> was that -- >> sure. >>> still ahea

that allow you to have bitcoin and get bitcoin cash as well.or example, fred wilson, who is a backer of the biggest exchange out there. he says he doesn't want bitcoin cash, because i don't believe in the underlying technology for now. if you are a bitcoin holder, you have seen a lot of turbulence, a lot of people withdrawing bitcoins out of the exchanges because they were not going to be will to get a hold of bitcoin cash, and trying to put into an exchange. for the time being, there are a lot of people trying to work out where the prices go. i can tell you that about three hours ago the first bitcoin cash was mined. at a moment, it is trading at just a 10th of the price of bitcoin original. emily: fred wilson also said he's bullish about other cryptocurrencies, specifically ethereum. what is next for bitcoin? will we see more offshoots? caroline: it's interesting you raised that, because last year we saw the same thing happened with ethereum. that's why you have ethereum and ethereum classic. classic never really took off. will that be the de

that bitcoins low of eight hundred yesterday simply could not be maintained in the long term bitcoin moves above five hundred thousand within three years and bets you ask so i ask you john do you stand by your statement. keep in mind there's bitcoin grows and grows in value other currencies national currencies are going to decline so the advantage to using did coin the advantages are huge if i do a wire transfer it'll it'll take me twenty four hours if i do a bitcoin transfer it takes me thirty seconds it is instantaneous i know people who do not use any other currency now other than bitcoin they buy their houses their cars everything using bitcoin by connecting to other users who sell the things that they need as more and more people use this what will happen to national currencies they will obviously get the value they have to so that five hundred thousand includes a massive devaluation in the u.s. dollar which absolutely has to come if bitcoin continues to grow at its current rate well it's certainly a community effort and the big community and for other cryptocurrency is it's onl

stop me if you've heard this before bitcoin broke another record thursday of the digital currency top forty five hundred dollars in trading which means it's doubled in price in the past month alone that's huge and since the concept of crypto currency is still so new many people see growth like this and want to compare it to a theocracy wondering when the bubble might burst cyber security expert john mcafee says this type of thinking is a mistake he joins me now john why do you think the word bubble cannot be applied to bitcoin. well first and foremost bitcoin is not a currency it costs over a thousand dollars to create a bit corn today and electricity and computing costs second the value of bitcoin is linked to the number of users and the number of transactions it is not a speculative investment even though it is being used as such a very many people as. the bitcoin network grows the value of corn growers as people move into bit corn for payments and receipts they stop using u.s. dollars euros chinese yuan which in the long term d values these currencies so what you're saying is more

and electricity and computing costs second the value of bitcoin is linked to the number of you. users and the number of transactions it is not a speculative investment even though it is being used as such by many people as the bitcoin network grows the value of corn grows as people move into bit corn for payments and receipts they stop using u.s. dollars euros chinese you on which in the long term devalued as these currencies so what you're saying is more of a currency devaluation than a bubble in bitcoin as more people use it it has more intrinsic value and again the cost of producing a bit coin increases with the value of the bitcoin so this is not something that we're pulling out of thin air this is something that's created with massive amounts of electricity and computing power while someone who disagrees with you on the term when it comes to big coin is mark cuban back in june he tweeted i think it's a bubble i just don't know when or how much it corrects when everyone is bragging about how easy they are making money. now when he tweeted that big coin dipped in price how ca

how can people as far away as africa access bitcoin? -- bitcoin without internet? take it for granted in the western parts of the world that we can spend $100 or less per month. that kind of staple infrastructure often doesn't exist in emerging markets so cost of participation is high. with the satellite network we , are bring the cost of participation down to basically free. it goes from less than $100, maybe done to $20 by renting satellite-tv equipment. important, often we see bitcoin as a value. when perhaps the corn -- foreign currency is not that. i am thinking nigeria and venezuela. is this where you see a lot of the demand coming from? adam: right. there happens to be a coincidence of countries with weak infrastructure or poor network services, and maybe political instability, and also having weak currencies or currencies suffering hyperinflation. caroline: there is also a purpose it could be used in the developed world as well. sometimes the internet connections aren't always that great. adam: it is not unheard of for internet connections for whole countri

which will allow you to have those bitcoins and get bitcoin cash as well.esting backer said that he does not want bitcoin cash, keep it coming because he does not believe in the underlying technology for now. so, if you are a bitcoin user, you see a lot of companies drawing their coins out of the exchanges, because they are not different it into a exchange. you are seeing a lot of people trying to work out where the prices are going. about three hours ago, the new digital currency was mined. is trading at it coinabout a tenth of the tneth -- tenth of the price of bitcoin original. we saw split last year in sdram and assyrian classic. could this be the demise of bitcoin cash as well? many out there are saying we could see a new precedent being set. could we see this more and more? when you have a new, more penetrable bitcoin. >> could this keep on happening? bloomberg's caroline in london. out its most affordable car yet. will it attract the masses? we will discuss. tv, 2us out at bloomberg p.m. in san francisco, this is bloomberg. ♪ emily: welcome back to t

and companies that will allow you to have both bitcoin and get bitcoin cash as well.lson, who is a backer of point base, saying i don't want bitcoin cash. keep it because i do not believe in the underlying technology for now. so, if you are a bitcoin user, you have seen a lot of turbulence, a lot of companies drawing their coins out of the exchanges, because they are not try to put it into a different exchange. for the time being, you are seeing a lot of people trying to work out where the prices go. i can to you about three hours ago, the first bitcoin cash, the new digital currency was mined. at the moment, it is trading at only about a 10th of the price of bitcoin original. what is next for bitcoin? will be seeing were offshoots? caroline: it is interesting. so-calledivision, a hard split. that is why you have a theory him -- that is why you have -- saying wehere and are could see a new precedent being set. good we see more and more? impenetrablemore bitcoin? now, that is been undone. that is the key question, can is keep on happening? the strongest will survive. e

the bitcoin etf is modeled after it. bitcoin just like gld and make it easier for investors to access it. emily: david, obviously there's a lot of excitement happening around bitcoin and other cryptocurrencies, yet still a lot of volatility, lack of regulation. how optimistic are you about this, david, as a more mainstream investment option? david: as a technology, i'm very excited and enthusiastic and convinced of the importance of bitcoin and all the block chain related things that surround it. as an investment, i still am extremely cautious. my general feeling is, if you get too close to the to the flames, you might get burned. anything that has gone up 350% in the last year already is not something that is behaving in a normal, rational fashion. mania.s more like to i like the idea of making it easier for people with regular money, not having to do all kinds of weird online transactions in order to get into these markets. but what you really will use bitcoins for that would justify their valuation is still extremely

do we have a more impenetrable bitcoin? many felt, overall, this was the joy of bitcoin. -- the joy of bitcoin, that it was immutable. now, that is been undone. that is the key question, can this keep on happening? the strongest will survive. emily: bloomberg's caroline hyde there in london. coming up, tesla just rolled out the most affordable car yet the , model 3, starting at $35,000, but will it attract the masses? we will discuss. of a reminder, all episodes "bloomberg technology" are live streaming on twitter. 5 p.m. in new york, 2 p.m. and san francisco. his is bloomberg. ♪ who knew that phones would start doing everything? entertaining us, getting us back on track and finding us dates. phones really have changed. so why hasn't the way we pay for them? introducing xfinity mobile. you only pay for data and can easily switch between pay per gig and unlimited. no one else lets you do that. see how much you can save when you choose by the gig or unlimited. call or go to xfinitymobile.com. xfinity mobile. it's a new kind of network, designed to save you money. i enjoy th

not everyone believes in the bitcoin boom commodities king dennis gartman had a beef with bitcoin from start. he says to stay away from the crypto currency. dennis, so you missed out on what could have been some pretty great gains here what keeps you out of it? >> no question. >> what would keep you up at night if you owned it? >> the fact the original concept of bitcoin, first of all, the technology behind it, the block chain, is genius we won't have block change circumstances in trading for a long period of time into the future that i believe in toldl ltotall. what bothers me, something that can move 5%, 10%, 18% in the course of the day was supposed to be a pricing mechanism. how can you buy a house, how can you buy a car, how can you buy starbucks with bitcoin when the price is going to fluctuate as dramatically has it has? this looks to me like very much, you can take the chart of bitcoin and apply it against the tulip bulb mania of the 15th century and the charts look exactly the same walk in some day, be a hardware or software program where there will be no ability to trade and

bitcoin or -- and mr. bk will break it down when "fast money" returns. >>> bitcoin surging nearly 4% today hitting a new high of 35.38. the currency continues to captivate investors as interest has grown over the past few months it's also been a hot topic among twitter followers. one question that keeps popping up is what is the difference between bitcoin and -- bk is here and he's going to break it all down our new segment, the more you know about bitcoin >> i love the theme music. so, everybody wants to know, should i buy bit county, etherum. let's look at the deaf rinsfere. bit county is a currency i want to send one to melissa, fantastic. but what if i want to do something a little more complicated. what if i want to say if melissa mows the lawn, then i will send her one bitcoin. that is going to take something like etherreum that allows you to program the money what's a smart contract? simply, pretend you rented an pormt with a smart lock on it. so, you now, if you pay your rent, the lock will open th

does that mean bitcoin will forever be dependable? >> i think bitcoin is a bearer technology.imately it is the users and market that defines what bitcoin is. the miners are a very important party. ultimately they provide a service to the mark. it is the market that decides. as a user, you hold your own candidates. if you run a full mode, which is what the block stream satellite is about. >> what is that? >> if you want to participate directly in the bitcoin network, you should run a noticed that listens to the transactions around it. if you use a simplified client to the network, you are actually relying ton a third party. by using your own form of software, which is what bitcoin companies do, you are not relying on anybody else at all. in that circumstance, it is not really possible for somebody to make a change to your ownership or force a non-opt-in upgrade to you. you have to opt in. >> ad, great to have -- ad, great to have you. he is the c.e.o. of block stream. to you in san francisco. yoiment thank you. coming up, standing up for principles or censorship? matthew prince

you have the price of bitcoin, parity in april. it is around 3.3 ounces of gold per bitcoin.a is at the heart of what is going on in the bitcoin space, because you have got the minors , and a largee number of investors, whether they are speculating are seeing this as something of a hedge. you have some of the biggest exchanges in terms of bitcoin, based here in china. they are facing regulatory pressure, as we heard from the cofounder and ceo of the leading maker of mining machines. take a listen. >> if you are doing bitcoin exchanges, that is quite it is relatedause with money laundering and potentially illicit activities around the money laundering. facing regulatory pressure from central banks. far, his company has been allowed to operate here unhindered. they make some of the most powerful chips of these bit mining machines. we visited one of those. he thinks bitcoin could get to $100,000 in the next five years. it is looking ahead to november now, to see whether or not the bitcoin community, the software developers on one side, and the minors on the other, can come to so

>> i don't >> is it because you have bitcoin? >> exactly rather have bitcoin at this point in time. think there's anything wrong with holding gold. the reason i don't is because my view on the dollar, i think we're going to get a stronger dollar, so therefore, that's tougher, but i think it's sbresing that people are buying gold as this kind of geo political hedge. i don't think there's anything wrong. >> here's a much better trade. gdx. we know that relationship there, that's one that has had made three lows over the last four months down about 21 bucks it's approaching a down trend line that it's been in since the 52-week high so if you're considering getting along gld for this, i'd go to g dprx. >> nvidia sinking after its earnings report. one of the hoets hottest stocks of the year. is the epic run over plus, bio tech posting its worst in history we'll explain why when "fast money" returns ed fifty knots lie on the caribbean seas ♪ ♪ it's a champagne and models potpourri ♪ ♪ on my yacht made of cuban mahogany, ♪ ♪ gany, gany, gany, gany ♪ watch this don't get mad (bell mnemonic)

manus: bitcoins record rally is proving a boom for china, but country at the heart of the bitcoin currencyanna: it dominates the mining of new bitcoins. john mckenzie has had a rare access to one of the largest digital currency access mines in the world. : to the uninitiated, the world of going in the abstract. the currency comes a whirring to life in mongolia. this mind is operating i a leading maker of mining chips and machines and it is one of the largest in the world. this is really part of the central nervous system of the bitcoin economy. hear, mining machine to processing transactions and generating new bitcoin. the machine salt complex , a decentralized ledger, in the process, miners are rewarded with bitcoins. the difficulty increases with each mine, requiring more processing power and more energy, something that comes cheap in mongolia. >> in china, the cost is really low so when people make a good my farm, they can do it at a low cost. it includes 50 people. many of the bitcoin generators and of traded on the cryptocurrencies exchanges. some of the biggest in the world. they com

you now have the cboe announcing they are going to lift bitcoin futures -- list bitcoin futures and createures market. this etf's he has approved it -- the ctf see -- the ctfc has approved it. the second thing is the sec it self -- the trump administration sec.y becoming the the new front runner for the person to lead it is a lawyer from a firm which represents the winklevoss twins in their bid to get the etf bitcoin done. it can't hurt. i think the sec has shown a few things that look like they are a little more liberal than they were a year ago. i think those two things are why you see renewed hope that there could be an etf. emily: what's the advantage of a bitcoin etf? does this mean bitcoin is going more mainstream, that more of us will have an opportunity to take advantage of it? eric: absolutely. mp3, are like the flexible, easy to access format. when you approve an etf for something, you are essentially making it ready for prime time. anybody with an etrade account can now buy it. the good news for investors is it's a lot easier than going and signing up for a bitcoin account on on

you have bitcoin, ether, you are looking into bitcoin cash. any more to be added to the portfolio?m: we spend considerable time being thoughtful and provide a curated collection of digital assets that our customers can trade. on gdax, there will probably be more than we see on coinbase. before we add any more digital assets we want to get our , current product to a place where customers are getting the experience they expect and we have a stable exchange. after that, we will look at adding new digital assets. caroline: i'm sure the investor community waits with anticipation. thank you, adam white. vp of coinbase. coming up, we dive into the latest uber headlines. what one of the company's backers is saying. this is bloomberg. ♪ caroline: now to a story we have been watching. ceo travis kalanick is eyeing private arbitration for the lawsuit brought against him by benchmark capital. his attorney said benchmark's claims are subject to the mandatory arbitration in the voting agreement. you will remember that, last week, benchmark sued him saying firm.to the the suit escalated a simmeri

so there are two competitive currencies in the bitcoin world, bitcoin and bitcoin cash thankfully at the bulls, bitcoin held on to its value. there were no technical difficulties that's why this has been seen as a relief rally one of the reasons we've seen bitcoin move higher. it's gained about 6 $600 since friday it's up over 400% year to date the question is, if it can move any higher i mean, there's a big debate among analysts as to whether central banks, governments will really start to embrace bitcoin and use it as part of their digital infrastructure i mean, i attended some conferences in june, sarah, and the indian government was there. the australian government was there saying that they're looking to see how they can incorporate bitcoin, how they're exactly going to do that, still up for question. but in india, they have the de monetization act. modi is trying to push the digital cash idea amongst people. >> japan is doing it >> japan, too, recognizing bitcoin as a currency. so the early innings, these signs show reputable countries and companies are looking to bitcoin. the

stocks will be strongly correlated to bitcoin. the chip stocks are used in bitcoin.ot of times, they will trade in tandem. scarlet: they are used when people are trying to mine for bitcoin as well. when you look at the numbers involved, who is winning here? bitcoin or the chip company? abigail: good question. it depends on the time frame. #btv 626 three. if we use the very arbitrary time. of three years -- time perio dof years, absolutely stunning. the reason analysts are saying there is an entry point. here is bitcoin up 637%, lagging at that. it looks tame in comparison. but top this out at five years, and there is bitcoin. up 32,000%. nvidia's gains looking kind of lame. i don't know. bubbles -- joe: thank you. julie: at least top five. european blue-chip companies have made gains as well, so what does that mean for european exporters? is there concern on the horizon? from new york, this is bloomberg. ♪ scarlet: "what'd you miss?" european stocks on friday capped off their worst weekend nine-month. which isn't all that surprising given the gains so far this year.

bitcoin dramatically spiking to a new all-time high at this hour. just as a controversial cryptocurrency leaked one of the most infamous lobbyists to ever walk the streets of dc is watching a new bitcoin reality show to help a bitcoin startup in congress not to kill the currency in its infancy. jeff is here in a fox business exclusive. plus, elon musk's latest power play, it involves junk. and the top trade you should be making from your lawn chair. plus, charlie's about to break it. we're less than an hour to the closing bell on this monday, so let's start the countdown. ♪ ♪ . liz: investors at this hour, you ready? are about to witness the dow's 52nd record since the election day. any gains for the dow will be enough to get the bulls there, and it will be the ninth consecutive records for the blue chip index. i do warn that in the last couple of minutes, we started to head south at the highs of the session. we were up 28 right now the dow is up 13. we are also keeping a very close eye on the s&p 500, which needs to close above this level. 2477.83.

hands around the bitcoin thing.omorrow the central banks and the governments of china, russia, united states decided to outlaw the use of digital currencies, whether there would still be a market for bitcoin in other words, in my view, again, which i'm admitting i don't fully understand it, crypto currencies largely an easy way for undetected value transfer which kind of lends itself to money laundering, tax evasion and people who don't want their currency transactions tracked. am i wrong in looking at it that way? >> i think you are a little misguided. so first of all, we are just allowing our customers to see what they are investing in we're not necessarily making a judgment on bitcoin. but really this is, first of all, this is digital gold. that's a way to look at it you can't ban bitcoin. banning bitcoin is like banning the web or open internet protocols. whether governments like it or not it's here to stay. yes some elements of bitcoin and these technologies are used for nefarious reasons. the u.s. dollar is us

so that's how i'm thinking about bitcoin right now.till in, but looking to add positions >> and we have a question from debra. is there an ease way to buy and sell bitcoin for on those of us who don't trade currencies >> if you have an ira, you can buy an investment trust. be aware it trades at a very steep premium to the actual bitcoin spot right you can also gee to a company called coin base.com and that is a real easy way to buy bitcoin >> fast money boom series will continue all week. we'll hear from venture capitalists. what do you guys think >> bk got me into bitcoin in april, so i'm happy with bk. it's interesting, because this kind of -- it reminds me of 20 years ago when no one knew what the technology was behind it but some people got it and i think what bk is try doing say, this is just one of those tickers. it's not a company and if you want to be involved, you may want to understand the technology behind it which is the block team technology and start thinking about the whole crypto space >> you got in at 1700. are you sta

anyone you don't know who owns a coin account and there is a reason -- link they bitcoin -- owns a bitcoin is a reason. >> it tends to attract people who are doing illegal things. it is not coincidental when those hacking attacks took place that people wanted to get paid in bitcoin. a lot of people who may have been in that situation did not have a bitcoin account and had no way to pay the ransom. is an early mover in this space. julia: it is seen as the corporate spring lever. scarlet: more on that next time. thank you so much for joining us. next, lawmakers turning up the heat on the russia pro. --russia probe. from new york. this is bloomberg ♪ mark: it is time for first word news. talkskorea is ruling out on its nuclear weapons program and said the u.s. will pay dearly for what the north considers crimes. that was the response of kim jong-un's regime after united nations security council imposed more sanctions. chinaang's latest ally backed in an attempt to start negotiations. moving to protect the trump name according to the new york times which says there are questions about the cons

stocks >> between now and year end, it's easily bitcoin. >> do you think bitcoin will be the best performing asset cla if you can call it that from now to year end? >> yes because there's capitalists. institutions have to directly buy the coin today the broker, but both the cftc have opened up options i think it's going to grownd a open up holdings >> final trade is up next. ♪ ♪ i'm living that yacht life, life, life ♪ ♪ top speed fifty knots life on the caribbean seas ♪ ♪ it's a champagne and models potpourri ♪ ♪ on my yacht made of cuban mahogany, ♪ ♪ gany, gany, gany, gany ♪ watch this don't get mad (bell mnemonic) get e*trade and get invested >>> final trade time pete >> apple huge call buying if other day. it's going higher. >> karen >> yes, i was surprised how valiant traded i'll be buying valiant call. >> dan >> disney. >> pete, where you from? >> minnesota >> you know what else is from minnesota? u.s. bancorp >> see you back here tomorrow at 5:00 "mad money" starts now >>> my mission is simple to make you money. i'm here to level the playing field for all investors. there's always

o bitcoins por dinero." tienen advertencias sobre estafas en internet. sot vicente calle "dije bueno, el dinero se fue, como agua se desapareció." arlen outro recuerde, compre autos que usted pueda ver y probar personalmente, se recomienda que un mecanico de confiaza lo revise, y desconfie de ofertas que suenan demasiado buenas. y por favor nunca de su informacion personal a desonocidos. si tiene una denuncia llamenos al 844-408-4848, telemundo 48 responde. topvo / cesar --- agresin brutal, autoridades en san francisco estn tras la pista de un sujeto que sin motivo alguno golpe en varias ocasiones a una mujer hasta dejarla en el piso --- --- el hecho qued captado en una cmara de seguridad en el vecindario de portola --- --- a las seis de la tarde nuestra compaÑera "sandra bermdez" investig y nos tiene los detalles de esta terrible agresin --- topvo / blanca ---videos en redes sociales muestran el enfrentamiento entre militares y supuestos integrantes de un grupo delictivo en tamaulipas, mxico. ---la zona del

plus, mark flips on bitcoin. the outspoken skeptic is now a believer. digital currencies now becoming a mainstream investment? we will discuss. this is bloomberg. ♪ emily: since going public in june, blue apron has lurched from one challenge to another. they have lost their's human resources chief, and they have gone through a hiring freeze. the shakeup comes just as the company ramps up a new center which will handle half of its production volume. vanguard group and others have ubered their valuationsf by as much as 15%. they have faced a persistent drumbeat of bad news including court battles. this comes after an ongoing ceo search. thatis trying to signal they are a transformational once in a generation company. seem less viable than it is may scare off future investors. we are here to talk about their latest develop and's. >> the mutual funds -- their latest developments. >> the mutual funds marking down uber by several percentage points, it is a useful violations of the secondary shares are going to be bought. people doing the selling, having these

and cryptocurrency is but once that was once that was that detail was added in the bill lot of bitcoin advocates came out and said one this is unnecessary because we have plenty of other laws that are meant to regulate this and to crypto currency is very different it's not the same as cash not the same as credit cards and debit cards it's more complex and that law cannot apply the same way to bitcoin well so do these proposals say anything about cash or do they just pick on crypto currency so they certainly do i mean the thing with cash and bitcoin is they're both anonymous right but once you're like i said and your point of millions of dollars every day you can't just keep piles of cash around it's too risky so they have to put their money somewhere else so they're going to bitcoin it and they're you know keeping up with technology the same way the rest of society is so in january in the e.u. the european commission actually proposed a proposal of cash limits and that was six months after they eliminated the five hundred euro bill so we're seeing the same sort of proposals within the

core development team that does that whereas bitcoin cash is a group of people you know mostly a few mining firms and they want to basically expand the block size of the coin or allow you to put more transactions in it than you currently can and kind of start to scale more rapidly instead of taking a more conservative approach so who's most affected by this split and why. the average person isn't too affected if you had that coin before the split assuming you control your own keys and didn't store your bitcoin on some exchanges. you know you get both coin and cash at the end of it and so currently if you look at the market prices for both of them on the you add the price of that coin in the coin cash it's actually higher than the price of the coin was before the split so for the average user of the coin it's actually beneficial for them in the sense that they've made more money as a result so big coin is tracking its transactions on a public ledger called walk chain and i think the biggest discrepancy here in what people wanted moving forward was how big that wanted to get the origin

bitcoin continues to show no signs of slowing down. cryptocurrencies sword passed $4000 for the first time this week. the rally comes after a split last week which threatened to jeopardize its growing mainstream interest. theline hyde caught up with president of an online platform which allows you to buy and trade bitcoin by linking into your bank account. >> we are seeing the market respond to a real improvement and leap forward in the technology which stands behind bitcoin. segregated witness is essentially an improvement to the core protocol which can have bitcoin processing the same number of daily transactions that we have seen from the likes of visa and mastercard. >> what about geopolitics? other geopolitics at stake driving the high? >> i think with other digital currencies, they are all influenced by the macroeconomic factors at work. a good example is what we saw just last week at fidelity, one of the largest brokerages here in the u.s. they are making changes so that coin holders can make a connection to their earnings and h

about this bitcoin stuff? internet if i agree with you guys i in the sense that fidelity needs to be millennial centric or at least have a product or have an kbrd of what millennials are investing in, but this is the millennial investment -- easy for him to say, for the next couple decades >> but brian, just like -- you made the analogy that you wanted to invest in the internet in the 1990s, a lot of people did that and got burned as a result >> same -- you could invest on the infrastructure of block chain totally, i mean, you could invest in probably municipal sewer and water systems and have done somewhat better than if if you just bet on the next thing isn't block chain the real transformative technology and bitcoin and all of these other coins are just an interesting new product that by the way, still has high transaction costs. >> no, no, that's what everybody is missing about that. block chain is the technology behind it, but bitcoin, the currency, is the economic incentive to run the network without it,

street regulators are looking to loosen risk frustrations on banks put in place after the crash and bitcoin to break up its official one cryptocurrency has become to what it means for the market and how coins can play a role and flight risk are smaller seats on airlines actually unsafe one core forces the f.a.a. fifth prove otherwise sit tight and boom bust starts right now. i. in a closed door meeting last week wall street regulators reportedly agreed to rewrite the volcker rule a remnant of the great recession the move plays to the trump administration's efforts to roll back financial regulations without having to consult congress since the white house has faced an uphill battle getting lawmakers to push through other parts of its agenda the volcker rule was first proposed by and named after former federal reserve chairman paul volcker who served as chair of then president barack obama's economic recovery advisory board from two thousand and nine to two thousand and eleven the rule was meant to prevent banks from making certain types of risky speculative investments that volcker believes

we are seeing a galloping ahead of bitcoin in the technology.ine: not only the price of bitcoin and ethereum ripple, but it is tempting a lot of to initial coin offerings. you go to the cloud and raise millions. is this something we are seeing techs in europe adopt? >> there are huge sales in ico's. the financial conduct authority in the u.k. is taking a keen interest. they are keen to make sure it encourages innovation while making sure it protects the markets and consumers. is real potential of ico's very exciting, but it comes with health risks. it is an extreme sport. caroline: therefore, do you think we will start to see u.k. regulators come in and say, these are going to be assets securities that we want to be regulated and registered in the same way vs -- the sec has? >> they have been consulting over the past few months and have not declared a clear position yet, but they are looking at protection of the market and consumer, while encouraging innovation. they are keen to make sure they support innovation and help the maintain a great pla

with bitcoin, the old est seven days a week.he oldest and most valuable crypto currency, we saw prices past $4000 on sunday morning, he began a market capitalisation of more than $60 billion. that is really large, more than triple the price of gold. so now some people are questioning whether crypto currencies like bitcoin exist in a bubble, because some claim that these currencies basically have no fundamentals, and that they are being driven by people looking to make a quick buck. thank you for the update. we will continue to monitor the price. back to japan and its rigid education system, where children are taught to follow rules and strive for perfection. it is often blamed for the lack of entrepreneurship in the country, but what if you drop out of the school system ? as what if you drop out of the school system? as part of ourjumpstarting japan series, i caught up with a man to find out how he found his own success. meet the brainchild of ken, and his avatar. ken created this avatar to address the loneliness he felt as a ch

funding it could drive the price down since most investors have to convert their currency to bitcoin even if it's known for its volatility that coin has been gradually making its way to popularity and legitimacy which explains the increase in proposed for it deletions. let's talk about some of these regulations what are u.s. lawmakers proposing when it comes to crypto currencies while there are a lot of proposals but most recently earlier this month president trump side to do sanctions bill against iran north korea russia and so on but in that bill they slip in the mandate that didn't really get much attention at first that targets cryptocurrency and bitcoin advocates are very frustrated with it because they see it as the beginning of a sort of silent war on coins so in this bill it calls for a discussion of and data recording trends in a list of finance including involving forms of value transfer such as so-called crypto currency is other mess that methods that are computer telecommunications or internet based cyber crime or any other threats that the secretary made choose to identi