what everybody's calling bitcoin today is bitcoin in name only.hnology and user experience that made bitcoin popular to begin with is called bitcoin cash 5 1/2 million users -- it has the ability to make every person on the planet's life better, and when someone's life is better, they start to use it, that's why you have tens of thousands of new signups every day. >> you're spending lots of money to develop an ecosystem for bitcoin to be used how is that going? what's your prediction in terms of usage based on this ecosystem? >> so you have to build the tools in order for people to be able to use it, we deployed that money starting in 2020, and we're going to build the infrastructure to enable people all over the world to start using bitcoin as cash. one of the first examples is the cell phone manufacturer. they're preinstalling our wallet to ship. and we have ordeals with other household names just like that where you're going to see more cash in brand new devices shipping right there from brands known around the world. all the adoption in commer

bitcoin and in the beginning people equated bitcoin and block chain as one unit but in fact one bitcoin is just using plot change and lots of people are looking into that interesting technology and that really has the potential to change the financial world. skeptics doesn't this rollercoaster and this volatility all known one remark by doesn't actually mean it's. a big call another couple cons is not a safe bet. yes they are not a safe bet you're right because there's nothing really to back it except to self to find a definition by bitcoin of what makes it valuable it is a valuable tool for criminal elements it is a valuable tool for people who are a lot ideologically against state controlled money and this huge surges or to tumbles not there's hardly a serious investment vehicle out there which shows this oh so many times over such short periods of time. only once in frankfurt thank you. dutch utility and echo is to be acquired by a consortium comprising japan's mitsubishi corporation and electric power the deal is valued at full 1000000000 euros and acoa is owned by $44.00 municipali

or gad for bitcoin. >> i think it's very good for bitcoin.or bitcoin. one, the fact that they already have the mining in there and it's been going on a while but now it's not prohibited activity the second thing is ner likely going to license cryptocurrency exchanges in hong kong, some being cheyennes chinese exchanges. those two things are probably fairly bullish for bitcoin at this point. >> investors who allocate a certain percentage to gold, you still believe that digital gold is the way to go. >> right. >> and should be in there with the portfolio. >> it's got the same investment thesis with an asset much more volatile with much more upside it's only a fraction of the market cap of gold it's just got a lot more upside in combine. >> quickly on gold biggest weekly decline in two years. >> very rough if you look. new month mining had trouble since july basically bucking up against this level and failing i think it's an opportunity. i don't personally believe the gold story to the upside is over yet melissa. >> guy adami final trade, steven

now bitcoin investment trust has filed form 10.s would allow grayscale to tap into investors but could pave the way for bitcoin etf. joining me now, michael, great to have you with us. >> thanks for having me. >> why do this now >> the demand for access products for digital currencies like bitcoin have been tremendous it's been traded now since may of 2015. even in the last year we look at the trailing three-month trading volume it's tripled year over year, and that's despite any kind of performance of what bitcoin has been doing or what we've seen in the broader market investors are coming to grayscale and asking for these access products. >> are you getting it from institutional investors who say we would like to invest in a product like yours, but we can't because it's not s.e.c. registered and wiekt they just invest in bitcoin themselves >> there are issues around custody and a lot of companies want to have exposure to the space, but then you start to figure out who at the company should have the keys, who at the company is goi

bitcoin tumbles to its china responsible bitcoin drops to a 6 months low as beijing appears to be working on its own crypto currency also coming up what options do the dressed in jewelry thieves have to turn their haste into cash we talk to an expert. i want to get john's welcome to the deli business and we're starting with a blockbuster i.p.o. shares in chinese e-commerce giant alibaba have surged in its hong kong trading deb you one of this year's most anticipated stock offerings the company which is already traded in the united states raised $10000000000.00 euros in its secondary listing alibaba shares surged more than 6 percent in the 1st minutes of trading obama is offering is a huge boost for the hong kong market which has seen business slow amid the ongoing and poppy violent pro-democracy protests. and as we're in the region already let's talk about china's role in the current a bit coin decline the much hyped crypto currency has fallen to 6 months low partly because china has announced plans to take a harder stance against cryptic currencies in general but bitcoin has always fluct

since bitcoin arrived decade ago the market has exploded.re are now more than 1,500 different digital currencies in use. supporters say they are the future of finance. but they are coming under growing scrutiny by governments around the world and increasingly becoming the focus of crime. losses from digital currency crime and fraud soared to almost $4.5 billion in the first nine months of the year, according to a new report. that's up 150% on the whole of last year. the european central bank is looking into launching its own digital currency to provide an alternative to existing systems — and to stop europe falling behind the us and china in the global payments market. it's been spurred in part by facebook‘s plan to launch a digital currency, libra, for its almost 2.5 billion users. the idea has rung alarm bells with governments and central bankers, as a potential threat to global financial stability. and that has seen high profile backers including visa and mastercard walk away. the world's biggest cryptocurrency, bitcoin, has been incredib

with the rise in bitcoins price again miners are flocking to abandon soviet era factory with the rise in bitcoins price again miners are flocking to abandon soviet era factories in eastern siberia and open coal mines in northern china to take advantage of cheap highs in eastern siberia and open coal mines in northern china to take advantage of cheap hydro electricity and cold temperatures china is now the undisputed world leader in bigger electricity and cold temperatures china is now the undisputed world leader in bitcoin mining who keep the network secure by approving transactions and ensuring fairness in mining. to keep the networks the care by approving transactions and ensuring fairness now as of july $2900.00 bitcoin miners generated about $6000000000.00 in revenue now as of july $2900.00 bitcoin miners generated about 6 $1000000000.00 in revenue from mining rewards and transaction fees on an annualized basis but they weren't from mining rewards and transaction fees on an annualized basis but they weren't always this good during the crypto winter we saw daily mining revenue for

had their gold seized that happens on an individual level but here on the nation state level with bitcoinvenezuela's president maduro touts trey's or bitcoin wall and national television on november 6th president of venezuela nicolas maduro a parrot on state run television venezuelan television corporation holding a crypto hardware storage device allegedly developed major wallet supplier traced or the video is posted on the official facebook page of president maduro fraser is the lying having any role in this and that these 2 alleged executives from tres or in this video they said this is not it but the point is here's a nation state this is the 1st we've seen jump up to the nation state level of course president xi recently said blocked chain they want to have a blocked chain on their own china but here he's like holding up a tres or wallet and that is very significant self sovereignty leadership is confusing bitcoin with fear at money he makes that equation he doesn't understand that bit cohen is gold 2.0 which kind of indication doesn't really understand gold either which is ironic but

what's going on with bitcoin would not allow them to do that very well.tainly, they are against it. you mentioned the travel rule. i mean, this has been going on for quite awhile. they have always operated under money services businesses rules. the travel rule has sort of brought that threshold down but in a certain sense, for a lot of people in bitcoin, complying with these rules was never a problem. it was always a kind of okay boomer, we are going to do it, we are going to follow these rules but what you have to understand it it's important -- liz: how many times has my 15-year-old sthad aid that to m. >> they aren't actually catching anyone money laundering with these laws, they aren't catching terrorism financing. they are saying they are but they aren't. so they put all these rules in place, capturing your mother's maiden name and dog's name. liz: that's what bothers people who are fans of cryptocurrency, the anonymity aspect of it is very attractive to them. >> not just the anonymity. you are building a system where you can't actually steal someone

bitcoin has their own market.that process, with what happened in established -- established regulated markets is challenging. first digitally native asset we have ever seen so it does not fit cleanly into the reservations we have. we experienced this in getting an etf launch. we are constantly trying to create new product construction. obviously, bitcoin creates new challenges. market infrastructure, changing narratives, but also changing rules and regulations. that raises the question of what is next. what is the success of the crypto space, and awareness, comes more regulation and competition. we have been hearing that with libra, a lot of central banks are saying, we will not just let private companies dominate the crypto space. how do you deal with that potential challenge ahead from players who presumably can't be beat? >> what i would say to that, which i said to congress, is that libra is not a cryptocurrency. i tend to delimit -- to delineate bitcoin, which truly is a cryptocurrency. caroline: stable coins

self sovereignty their ship is confusing bitcoin with fear at money he makes that equation he doesn't understand the point is gold 2.0 which kind of indication doesn't really understand gold either which is ironic but here you have the madeira was holding up a treasure or a wallet and he's saying look this is sovereignty this is individual sovereign say we can put a $11050000000000.00 worth of a store of value currency bitcoin it's gold $2.00 and won't be any censorship the bank of england won't deprive us of trading with the rest of the world they want the privacy of our human rights even though they don't want to and that's where we're heading with bitcoin is reading tor to a world that is more in keeping with the spirit of humanity to trade it's peaceful remember trump is a man of peace that's why the deep state hits him you believe that i prop perhaps don't believe it as much but some people will have opposite opinions and that doesn't matter of course a lot of people will say madeira is bad this is bad news for bit coin they said that one president she said you know into block ch

predatory us on the internet because they're using bitcoin instead of understanding that it's easier to pass predators on the internet because of bitcoin because of the transparent say they went the other way and were trying to focus on the fact that somehow that because it enabled the predators on the internet so again there's a huge disconnect with reality and what crypto currency is all about so the company is softball tara. i mean it's a growing enterprise how is it growing what's the customer base i know i can't disclose too much information but because it's a private company but like how sick are all ing where is it where are your customers what tell us about the company tell us about the business a little bit yeah i think we launched in 2015 we traded at 100000000 euros worth of gold and because and this is been a single payer we just include a dash as a pair and another crypto has to come so it'll it'll be really interesting to see these written numbers and press it's trading together we've got over 25000 customers from over 93 countries and of course we are also just raising

remember one bitcoin soared to nearly $20000.00 each well most people who own any crypto do but now a new paper published by the university of texas professor john griffin and ohio state universities and shawms the coins run to a record high near 200-2017. it was caused by a single market will the study was based on transactions of tether and bitcoin between march 1st of 2017 and march 31st of 2018 the professors have concluded that over the course of that year whenever bitcoins about all you drop by certain amounts purchases of the crypto currency on the hong kong based that cynics exchange rose in short the claim from the study is that because price was manipulated by the issuance of tother coins which were used to purchase big queen and consequently lead to increasing prices according to one of the study's authors john griffin our results suggest instead of thousands of investors moving the price of bitcoin it's just one large one years from now people will be surprised to learn investors handed over billions to people they didn't know and who faced little oversight for their part

bitcoin has been declining through key points.rough the 50 moving average, we have been through the hundred day moving average. now we've gone through the 200 day moving average as well. lines in the sand when it comes to the technician point of view of what is happening. it all happened so easily. the question is what is going on? the latest down move seems to been driven by what is happening in china. regulators stating a toughing line when it comes to the operators of the bitcoin services they have in that country. that is one of the catalysts. you also have other assets performing better as well. this is a risk off kind of trade. bitcoin correlates tightly with what we have seen when it comes to the yen and other assets. that story is part and parcel of this. you also have positioning going on. next year, midway through next ofr, we will have the miners bitcoin will get half what they get now to generate those bitcoins and then finally financial repositioning in advance of that, which is causing some of the downturn. there's a

china or russia or germany you know like so that's why people i think are correct when they equate bitcoin to gunpowder you know gunpowder was introduced in a changed global geopolitics forever and you can't on invent gunpowder a big point has changed now the whole notion of what money is and you cannot uninvented there's no turning back with gunpowder there is no no going back so brad sherman you know he can rail against it all he wants but you see they're going to have to start accumulating pickling right now to save himself his family his country or get out a way of dollar. can only be sustained through force as paul krugman said so force is not that easy to apply you have to do it with intelligence and you have to be smart because at a certain point and we've seen this throughout history many dictators you can see in egypt for example mubarak he he he controlled the population for 30 years and then gone once that once the people once the system rejects you and they change their their thinking it's over it's over it was over for the kings of france when the people rose up and here is th

and march 31st of 2018 the professors have concluded that over the course of that year whenever bitcoins about all you drop by certain amounts purchases of the cryptocurrency on the hong kong based that cynics exchange rose in short the claim from the study is that because price was manipulated by the issuance of tother coins which were used to purchase big queen and consequently lead to increasing prices according to one of the study's authors john griffin our results suggest instead of thousands of investors moving the price of bitcoin it's just $1.00 large one years from now people will be surprised to learn investors handed over billions to people they didn't know and who faced little oversight for their part phonetics claims that the study is not true saying in part the next is aware of a paper falsely positing that other issuances are responsible for manipulating the crypto currency market that cynics vigorously this buttes the findings and conclusions claimed by that source which rely on flawed assumptions incomplete and cherry pick data and faulty methodology joining us now to he

bloodshed in bitcoin prices getting ever so close to the q level.hina promised to crack down on illegal trading platforms. are we in for a long-term pull back in bitcoin? b.k., what do you say? >> i don't think so. this week and this selloff was an important low i think there's a couple different things going on. you mentioned that china is cracking down. there was speculation that china might unban some of the cryptocurrency trading if you look at some of the fundamentals, i look a lot at addresses. address growth what we're seeing over the last 30 days is we're seeing growth in addresses of about 5% but the market is pricing in a decline in addresses of negative 3%. so it's mispriced here fundamentals are improving on a selloff. the odds are stacked that this is probably a low. >> when you say fundamentals are improving in a selloff, what exactly does that mean >> if you look at any of these -- any currency, it works just like a social network it's the network effect, right you want to have new users when i look at addresses, you think of those as

share price but now that china wants to take action against bitcoin the price has collapsed so let's dig a little bit deeper now i'm joined by professor phillip someone from the frankfurt school blocked chain ascent good to have you with us now 1st of all the obvious question is china really the culprit in this. china is very important here because it's the largest market for who currency is they have to the largest number of currency owners and therefore actually whatever they have seen of the market thus created as we have seen and what's what's problem to china to change its tune 1st it was speaking out in favor of cryptocurrency is now it wants against them. 1st of all they have been against capital currencies because the felt that the market is turning hot with all the speculative speculation 2 years ago and now they feel that block chain as a technology will be key in the future and now the question is you know should they not dissenting to look to 2 currencies and b. and chain which they are trying to do variants for example europe and also the us is the acknowledged that in a

meanwhile, the world's biggest cryptocurrency — bitcoin — remains incredibly volatile.urther 10% after china's central bank launched a fresh crackdown on cryptocurrencies. nathalie oestmann is chief operating officer of the uk digital banking platform. we have been talking about a cashless society. does this move mean we are getting closer to getting rid of physical currencies? there is a trend towards cashless. we have traditional forms for payments that are digital like a payments that are digital like a payment card or an account you can tra nsfer payment card or an account you can transfer but then you have technology companies coming into play like apple pay and google p who have introduced mobile wallets and uc applications plotter for rating and across the world the us is leading the way with classlessness in terms of transaction volume. followed closely by europe and asia and deftly forward three years age well triple 41 to 350 billion. we are seeing a shift with what is happening in this marketplace and it is increasing. there is a lot of evidence to suggest we

it's a bitcoin blood bath.he crypto currency >>> alternative milk like almond, soy, oat are moving up in consumer diets kraet

with the rise in bitcoins price again miners are flocking to abandon with the air of the factory. price again miners are flocking to abandon soviet era factories in eastern siberia whole non-science in every neuer than it in china as to take advantage of the much mines in north higher than trying to take advantage of cheap hydro electricity and cooler temperature electress city and cold temperature and as china now is now the undisputed world leader in bitcoin mining who keep the network secure by approving transactions and ensuring fairness. who keep the network secure by approving transactions and ensuring fairness now as of july 2019 big point miners generate about $6000000000.00 in revenue from mining rewards and transaction fees on an annualized basis but they weren't off now as of july 2019 big point miners generate about $6000000000.00 in revenue from mining rewards and transaction fees on an annualized basis but things weren't always always as good as good in the crypto window winter we saw the daily month mining revenue for the industry plummet from $53000000.00 in decemb

but one area of the market not doing so hot as of late, bitc n bitcoin.in this morning and trading at a six month low so let's bring in tom lee. good morning to you, tom let start with the retailers is it a sign the results that we've seen that the american consumer can still continue to power the markets towards these record highs >> yeah, the consumer has really been the stalwart for all of 2019 now we've got pretty decent jobs market, committee markets are good and that is helping about a third of the households. so i think that we are set up for a strong final finish and i think consumers are feeling good >> so as we say this is the markets at these levels, are there still places that you can find some kind of a relative value or is this one of those situations because there is such up side momentum, you just buy the highs because it just goes higher from here >> yeah, and i think the perspective that is harder to keep, markets are up so valuations have increased, but stocks are cheap against investments grade bonds. but what is really, really cheap a

. ♪ selloff is bitcoin entering its third week.slump is not slowing down this investment company. today, they felt to make its first digitalthe currency investment product to be regulated by the fcc. now is our guest. it there's like the holy grade -- grail a bitcoin etf that doesn't exist. your fund is the closest that for this vehicle and buying bitcoin. tell us about the next step. how does that move the ball forward. this one has been quoted on the market since the middle of 2015. thes consistently one of most liquid securities there. what we are seeing from investors is tremendous demand submittingproducts this form can do three things for the product. it also speeds up the liquidity timeframe for some of our private shareholders. about theu talk investment firms potentially getting more interesting, how are the democrats exchanging with regard to the types of investors you are seeing? year saw a early in the more institutional interest and that has only gained momentum through the year. q3, 84% of our inflows were institution

there are times when xrp outperformed bitcoin and times it underperformed bitcoin. i think it's a long-term journey and i'm optimistic on where we see the whole market. there's a lot of bullish trends on the whole ecosystem. course, the big players want to get in on the action. i'm talking about libra. tell me about your concerns and the things that libra represents which are good. >> i think what's good is a number of people in the crypto space, and what ripple has embraced, is how do we reduce friction? how do we reduce cost? how do we bring people who are under banked into the system? facebook kind of goes directly to consumer, and that is one approach. the challenge is that all financial systems, all financial tools are built on trust. with facebook as the lead horse around libra, it is fair to say, facebook has had a trust deficit based on a lot of things happening and what they have done. i think it will be hard for libra using that foundation of trust from facebook to get a lot of momentum. as you know well, there's a lot of regulatory scrutiny and questions

that has seen bitcoin fall off fast. made the point a few months ago that it seems like bitcoin is correlated to avocados. we noticed this the first half of the year. now they have both crashed into the end of the year. i don't know. bitcoin trading is generally pretty irrational. inherent value so ultimately you just have to believe some other person will be more likely to buy it off you for no reason. so maybe the avocado reason might be the best. you about thesk pound. that reinforce the views the conservative party is well ahead in the polls. but we all remember 2017. as a result the markets are not getting too carried away. uptick in sterling overnight. mark: i actually think sterling might drift lower. we have already priced in the optimism of one party getting a majority, and therefore that certainty the election will provide. this means a majority for the party that wants a harder brexit , and people are nervous about that. while we won't have political uncertainty anymore, we would have a scary situation for u.k

they prove the bitcoin etf doesn't mean they'll embrace it. we wanted to ask about bitcoin makers are they can remain competitive. stocks have been tough research has been drying up. regulation in europe in all but the biggest names making it easier for smaller companies to compete. >> you might see some innovation there. you'd see smaller companies could trade better because you could taylor the way the market structure worked for smaller companies. >> it is fair to say usual to hear regulator admit to less regulation that should be music to the ears to the ears. >> buyer's remorse which ones to students regret the most italy was fifth best this year, jamaica fourth romania landing at number three. their main market up 31% we'll count you down to thtoe p two when "worldwide exchange" returns. and are gluten & dairy free. they're all clean. all the time. even if sometimes we're not. sundown vitamins. all clean. all the time. it nice?ce. this is the most-awarded minivan three years in a row. the van just talked. sales guy, give 'em the employee

it was a wild weekend for bitcoin.the weekend they hit the lowest level since may after china's central bank says it's getting stricter bitcoin is back up 6% today regaining some of those losses it shows how important china can be in this space >> there's so much euphoria when president xi talked about endorsing block chain. >>> elon musk tweeted that tesla has 200,000 orders for the so called cyber truck the orders in this case are a refundable 100 there a$100 depot we'll see how many of those cyber orders stick tesla stock did jump today last friday's unveiling did send shares skidding about 5% >> i saw that tweet over the weekend and i immediately thought i wonder if the scc is looking at this and also completing orders with deposits. >>> thanksgiving just around the corner the white house is gearing up for its annual turkey pardon with two turkeys named bread and butter they are hanging out at the hotel waiting for their big moment later this week you can see them enjoying their luxury digs. >> i will not stay in t

the long-term message is bullish for bitcoin. near-term chop. taylor: i wanted to look at the health of the consumer as we headed to that black friday event. i wanted to look at a 12 month moving average of consumer conference -- consumer confidence and the consumer discretionary index. on the 12 month average comedy consumer confidence index -- average, the consumer confidence index peaked in september and december. this year, it hit a low in september and we have not recovered from those lows. the consumer discretionary index has fallen from a record it's set on july 15. it is off almost 5% from the highs this summer. consumer sentiment perhaps starting to weigh a little bit on the discretionary index, which would be a shift from where we were a year ago. in smalls huge rally caps. the biggest 2%, gain in six weeks since the index's 13 month high. that is significant. today, it has finally broken out of this trading range it has been stuck in since the end of february. that perennial question, of what is leading this valley -- this rally, for

home transaction happening bitcoin in 2017 in texas. use bitcoin or the greenback to use your home, redfin is a company working to get your business. the brokerage company represents 90 markets throughout the u.s. and canada allowing people to buy or sell your homes through the redfin combination online and off-line services. the stock is going gangbusters, it's up 39% year to date. we thought let's bring them in, joining is now on fox business exclusive. billionaire should be buying your stock. [laughter] is done really well. were barreling headfirst into the holidays when no one used to want to go house hunting, how have you guys change that? >> i think we just published data showing you can get a good deal over the holidays. the homes that did not sell in the summer are on sale at a discount and there's very low inventory so buyers are not going how much choices when there's a feeding frenzy next spring. we have data indicating that lets of people who are looking to get a deal are going to be able to do it now better than they will n

is still thinking about bitcoin a crypto currency from the point of view of misinformed kindergarten they have no idea what they're they're morons brad sherman in california is a functional idiot has no idea what he's talking about are is this going to put america at additional strategic a disadvantage now in the 21st century got china who's now going to pull the trapdoor on the dollar russia potentially going into. big coal mining i mean the us what do they got in response to this general where you said they're going into the air in the 21st century america is still stuck in the 20th century and to call what's that guy you said was really a morass sherman how about how about mitch mcconnell how about nancy pelosi how about dianne not so feinstein how about lindsey graham how about chuck schumer they're all morons in 80 it's jerks and psychopaths sociopaths and megalomaniacs good politicians google up the definition but you don't want to be in power that if they did they wouldn't blow their entire political capital on russia gate hoax and now you crank hoax again it's this is where t