probably more people have lost money using bitcoin then made money using bitcoin. a lot of money has been made, but a lot of people have lost money. you have understood -- unsophisticated people holding their own money. or when people stop trusting themselves, they have given their bitcoins to what our essentially bitcoin banks to hold their money for them. not too surprisingly those acorn banks, the biggest of which known as mount gawk, have often proven to be not up to the task of protecting that. this has brought forth arguments of if you have something like this mount gawk, a company in tokyo that held half $1 billion of people's bitcoin money, you need someone looking at it to make sure it has reasonable security, make sure it is not a way station for hamas or hezbollah to move their money rum toured in wars area to the united states or vice versa. there is a reason you want someone watching the financial institutions. that can go too far in the other direction and you get this convoluted process we have now that you talked about. payments are another indicati

bitcoin.a group of law professors discuss whether there should be changes to have the supreme court operates. >> host: joining us from new york city is nathaniel popper reporter for the new york times and out with his first book called "digital gold" bitcoin and the inside story of the misfits and millionaires trying to reinvent money. nathaniel popper thanks for joining us in "washington journal" this morning. >> guest: thank you so much for having me. >> host: you write for the near times in a cover business issues. what made you want to write about bitcoin? >> guest: you know frankly i resisted at myself for a while. it seemed like some sort of pet rock type of thing that was rising up and that i could just ignore. i was covering finance at the time i first began writing about this and actually my first story back in 2013 was about the twins who are famous from the facebook story and at this point in early 2013 really nobody with the name or reputation had attached themselves to bitcoin. th

bitcoin is still hard to use. you have to have a good reason to want to use it if you're going to use it. that all cash economy that has surrounded legalized marijuana is one opportunity for that. the original usage of bitcoin perhaps what made it most famous, was an online drug market called the silk road, where marijuana and a lot of harder drugs were available for coin -- bitcoin. that was a case in which the need for it, the alternative was so bad, that people were willing to play with the experimental element of bitcoin and take that risk. the alternative buying jugs on some street corner, was worse. host: some twitter comments. @cspanwj is our twitter handle. jan said that people would just get greedy with bitcoin. another one says bitcoin may become viable in emerges in -- in emerging markets and rural areas without a financial banking structure was cell phones. also a question on what is the official obama administration policy on bitcoin? guest: the obama administration, i do not think of the white house

probably more people have lost money using bitcoin then made money using bitcoin. lot of money has been made, but a lot of people have lost money. you have understood -- unsophisticated people holding their own money. or when people stop trusting themselves, they have given their bitcoins to what our essentially bitcoin banks to hold their money for them. not too surprisingly those acorn banks, the biggest of which known as mount gawk, have often proven to be not up to the task of protecting that. this has brought forth arguments of if you have something like this mount gawk, a company in tokyo that held half $1 billion of people's bitcoin money, you need someone looking at it to make sure it has reasonable security, make sure it is not a way station for hamas or hezbollah to move their money rum toured in wars area to the united states or vice versa. there is a reason you want someone watching the financial institutions. that can go too far in the other direction and you get this convoluted process we have now that you talked about. payments are another indication

and there's 5 million out there with a bitcoin wallet. they have money in bitcoin.ody is accepting it. that's a huge problem. everybody where i go, i can't use my bitcoin wallet. our app payable allows anybody to accept bitcoin in the local currency. they can accept bitcoins with their smartphone. >> you don't need that thing that you attach to your phone. no extra hardware. >> absolutely. >> good luck to you. first on fox business. netish is founder of circle plus payments. you can find it on -- circlepluspayments.co m. type in playable. >> we like anything that helps smaller businesses conduct commerce. come back and let us know how it's going. how many have been downloaded? >> we have a lot. >> when you get really, really big, come back. >> absolutely. liz: we told you earlier we were speaking with co-owner peter goober. he has a major board meeting right this second. (?) he's all business. he apologizes. he will be joining us, again, exclusively tomorrow on how his team went from the nba bad news bears to the nba finals. peter goober tomorrow. what a bet he took

mark: regulating bitcoin. we speak with benjamin law skate about why he is making new york the first state to take action on the virtual currency. betty: now back to our top story, christine lagarde's warning this morning barring unexpected good news. here's why. lagarde: we believe the trade-off between starting to bank early and risking disinflation and having to , at theo lower rates risk of slightly above 2% inflation going forward. mark: earlier today, mohamed el-erian told us why he was surprised by christine lagarde's said recommendation. mohamed el-erian: it is unusual for the imf to be so explicit and specific about a policy action, and it was today. it told the said it should wait until 2016, even though the data remains fluent. mark: joining us now is uncle schumacher, head of -- is imf andschumacher from lisa abramowicz. but start about the timing about this announcement turned white this -- happen, it will be a pretty risk off event. that's part of it. theybody has an opinion on fed, so it is comm

people using the system enter in a sort of lottery to win bitcoin s. the way the lottery works is you need very fast computers to essentially make a lot of lottery gases -- guesses. the more you make, the more you can win. you could do that with a laptop or early on, but now there are so many people computing -- competing, you now need specialized hardware made exclusively for bitcoin mining. it is expensive and it has become dominated a few companies that have gotten good at manufacturing these special chips and getting cheap electricity. a lot of the bitcoin mining is happening in china, where there is cheap hardware, and also cheap electricity if you have a connection at a local coal energy factory, you can just throw your lines into the cold factory and you have free energy coming into your bitcoin mining machine. it is no longer something people can do easily from home. this sounds a little far-fetched and absurd -- why are people buying expensive hardware just to take part in a lottery. the twist on the lottery is that in the course of doing the

be a regulator is bitcoin fails.ave to explain yourself and your never understood it to begin with. doesn't it make a lot of sense for something as new and different as this to be extra conservative in terms of regulation? because apart from the regulators, you have consumers who jump in who do not really a -- understand it. more user friendly. to be able to do that, you have to explain it. it's the general public does not understand the risk, there will be another. regulations like this may stifle growth in the short run but it gives clarity for larger companies that want to come in and in at least gives smaller companies and understanding of what they has to do with a out and raise capital necessary to pay this. $5,000 is not a lot of money. the big cost is compliant. it is not the 5000. what do you need to do to comply with these regulations. erik: i'm glad you brought up mount goc. we will have much more today. i will speak with the super intendant of financial search -- financial services, the man who drafted th

how to use bitcoin anonymously.recruitment of people to try to get them to go to syria to fight with isil. >>> amin's lawyer with the teen's mother business his side said his client's fervor was all about opposing the regime of bashirar al assad. >> there is a lot of people of convince who oppose the assad regime and when you share those believes it's very easy to get caught up in joining at least in the virtual world some movement. >>> amin joins the growing rank of promises muslims who have found themselves in similar situation. he could get up for 15 years in prison. >> joe johns, thank you so much. >>> an update to a troubling story that we brought you in march. in a new report the v.a. clears itself of any responsibility in the suicide of an iraq war veteran, richard miles, age 40 suffered from post-traumatic stress had been hospitalized in the past for prior suicide attempts. in february this year he returned and told katy hopper that he was checking himself into the v.a. hospital in des moines iowa. hospital

. >> that included directing people how to use bitcoin and how to use bitcoin anonymously.t them to fight with isis. >> amin's lawyer says his client's fervor and support for isis was all about opposing regime of syrian dictator al assad. >> there is a lot of people of conviction who oppose the assad regime, and when you share those beliefs beliefs, it's very easy to get caught up in joining, at least in the virtual world, some movement that you feel is opposing something that is absolutely criminal. >> amin joins the growing ranks of promising young muslims in america who have been lured into radical islam online. he face ss up to 15 years in prison for his involvement in this case. >> i want to bring in cnn national analyst peter bergen as well as former cia official phil mud. this arrest this plea does this deter or does it embolden isis sympathizers? >> i watched a lot of cases like this at the fbi. it is hard to deter a 17-year-old. i think the interesting story is we used to ask communities in places that were at risk in minneapolis, for example, back in the days of a

trading and much more. >> is excel investing in the bitcoin ecosystem?lutely. we have a couple of investments it has the infrastructure to make sure it's happening and make sure everything is work in the background. >> a quick word on valuations. >> valuations reflect what investors see as opportunity. a lot of people are chasing and you're seeing more investors coming to europe and they see london as a real opportunity. that's pushing valuations up. that's not necessarily a bad thing. >> thank you so much for joining us us. >> and on this general topic we want to hear from you. can any city rival silicon valley as the tech hub of the world? do you think london has a chance or is there someone else? do get in touch with us by e-mail worldwide@cnbc.com or via twitter @cnbcwex. also still to come here on worldwide exchange low inflation the new buzz word describing the lackluster price increases. stay tuned as we break the latest euro zone inflation data. >>> welcome to the second hour of worldwide exchange. >> it's all about the fed. investors anticipate

a new york times reporter talks about the evolution of the bitcoin and the future of digital currency. as always, we take your calls and you can join the conversation on facebook and twitter. >> tonight on c-span, "q & a" with dr. patrick o'gara:. then at 9:00, question time with david cameron, followed by his statements on the recent meeting in germany. ♪ >> this week on "q & a", our guest is dr. patrick o'gara: senior physician at brigham and women's hospital. brian lamb: dr. patrick o'gara: i read a quote from a doctor, a heart dr., he said to you, don't ask leading questions. do you remember that?

he knows a lot about bitcoin.livia: i would like it if you got on the board of going -- i would like it if he got on the board of bitcoin. we're talking about what would happen after a possible greek default. ♪ olivia: greece has just two weeks before a 1.6 billion euro payment is due to the imf. deal is still no bailout in sight. the parties seem further apart than ever and the longer they go without an agreement, the more cash investors and ordinary greek citizens are pulling out of the country. tom: greece is on life support and the greek people knew it. they are pulling their cash out of banks and ever increasing amounts. takenlion euros have been out of greek banks since november 2014. the posits currently stand at 133 billion euro. 12 months ago, the figure was nearer 260 billion euro -- hundred 60 billion euro. euro have billion been injected. but these cannot agree over the next course. if it is not agreed, the triage could come to an end. emergencyequire an procedure, capital controls. those controls coul

he transferred $850,000 in bitcoins into his personal account. no word on his sentence. colleague is also charged and remains in jail pending arraignment. the founder was arrested in san francisco and sentenced to life in prison. >>> six inmates on death row filed a lawsuit today alleging inhumane living conditions. they are confined, alone 24 hours a day. the isolation is a violation of the 8th amendment proamission against cruel and unusual punish -- prohibition against cruel and unusual punishment. >>> shares of fit bit hit the ground running. shares surged after they opened and closed up $30 a share. it has grown very popular. sales tripled last year. reversing a loss in the previous year and giving the company $131 million in profit. they are trading under fit. >>> sean parker donated $4.5 million to ucsf. it will be funding a way to find cures for malaria. he is the founder of napster. >>> ahead here the 4th of july is around the corner. san jose has a plan to crack down on illegal fireworks. especially because we are right in the middle of a drought. >> and a woma

it seems there is a run on bitcoins. charles: they could run on bitcoins or coconuts anything, at this stage of the game, anything can be used as a currency, but bottom line, how do we deal with this. >> you can't dismiss it. i find interesting about today, we get that about 1%, then town a down a half percent, it was a slow drain, there was no panic, to me it was people taking profit, getting out big money moving out. what concerns me, between now, and thursday, markets are closed friday. why would anyone buy, and why you'll you buy thursday into a three-day weekend with a referendum vote on sunday. >> you know, so funny, tammy, people say, they have been dealing with this for 5 years it has been building for a long time, this is not new. this goes back a few decades, under scores politicians buy votes, with socialist politicians buy vote they do it right, i don't know if they can save themselve, i don't think they have the educational infrastructure, the manufacturing infrastructure. the entrepreneurial infrastructure.

that directed people how to use bitcoin anonymously. amin's lawyer says his support for isis was all about opposing the regime of syrian dictator bashar al assad. he joins the growing rank of muslims in america being lured into the world online. >>> and the fbi arresting the third suspect targeting police officers. nicholas razinski will be arraigned today in boston. rahim was shot and killed last week after lunging at police and fbi agent was a knife as they tried to question him. >>> details in the murder of the family in washington, d.c. we have now learned the father endured horrific torture. a law enforcement officer said savvas savopoulos was strangled beaten stabbed and burned and trauma to the back of his head. a baseball with what appeared to be blood on it was found in one of the rooms. >>> black university of virginia student beaten during an arrest last month will appear in court where prosecutors are expected to drop charges against him. martese johnson was belligerent after leaving a bar. the arrest sparked a public uproar

prosecutors say amin used social networking to instruct the bodies bitcoin and honest going -- use bitcoin anonymously. he was motivated by his strong opposition to the assad regime in syria. prosecutors say he had amassed 4000 twitter followers and send out more than 7000 tweets as part of his effort. he was arrested earlier this year and authorities call this a very sad case and with that exposes the danger of the online world. >> that he was brought into this seductive, distractive ideology by the material he consumed online. >> he understands that what he did was a crime and he takes his possibility for that today. reporter: amin admitted to helping a friend of his, an 18-year-old from woodbridge travel to fight with isil abroad and even driving him to the airport and told him what to do when he got overseas. he remains overseas according to authorities. he has been charged with supporting terrorism. amin's sentencing is set for august 28. jeff goldberg, abc 7 news. alison: we have new information of the american who died fighting with kurdish forces against isil. keith broomfield was

how to use bitcoin anonymously. his lawyer says his support for isis is about opposing the regime of bashar al assad. amin joins a growing rank of muslims in america who have been lured into radical islam online. john and christine. >> joe johns, thanks. >>> new this morning, the fbi arrested a third suspect in connection with a terror plot allegedly targeting police officers. nicholas ravinski will be arraigned in boston. authorities searched his home into the alleged beheading plot by usaaham rahim. rahim was shot and killed last week after allegedly lunging at police and fbi agents with a knife as they tried to question him. >>> gruesome details from the quadruple murder at the washington, d.c. mansion. three family members and their maid were killed. the father endured horrific torture. an official telling cnn, savvas savopoulos was strangled beaten, stabbed and burned. trauma to the back of his head. a search warrant revealing a baseball bat with what appeared to be blood on it was found. >>> a black university

tweets is followed his campaign to rally support for isil, which included instructing people hattie's bitcoin anonymously to fight for the terror group. >> he is particularly cyber savvy. reporter: he admitted to helping a friend make the trip to syria to join isil even driving him to the airport in instructing them want to do one he arrived in turkey. >> he deeply regrets what he did. reporter: his attorney says his client, a devout muslim, was motivated by a strong opposition to the assad regime in syria. >> he understands what he did is a crime he takes his possibility. >> he knew what he got him it -- himself into. reporter: morales says he was known to speak publicly about his political views. >> i don't feel that better him. i think he is getting what he deserves. reporter: he was an honor roll student at osbourn park and is artie taking classes at george mason university. now he's looking it up to 15 years in prison. he will be sentenced on august 28. live in manassas, jeff goldberg, abc 7 news. maureen: beer could soon be on tap at the university of maryland. this cool has a plan to s

because we're going to do a whole session on bitcoin. but more specifically about the block chain. going to have blythe mathers here, i'll be doing a session with her. remember blythe, she ran the commodities business at jp morgan, a 27-year career there, she was the cfo of the investment bank, she left jp morgan last year to form digital asset holdings, a company that essentially employs the block chain for financial transactions and advising to the banks, the people she used to work with here's a woman, one of the most powerful people in banking, who left banking to go into a completely different area and is going to tell us a little bit about how that all gets discorrudi disrupted. >>> guys the interesting thing about this, the disrupters, most of the companies are in fact heavily invested in by the banks themselves and the venture capital firms. so the idea they're going to come in and blow the people apart, the big firms, is a lot of nonsense, not quite true. it's investing in the firms in the companies. >> a lot of bank ceos will say good luck disrupting us without regulation

this is matter because part of the film spot also has to do with exchanges based on bitcoin there you go. a good friday summer theme. bit koinl lives. rand paul will be happy about that. sky high tuition prices have more young americans saying no thank you to the four-year degree. we'll tell you what they're doing instead that is spending that money and getting a cap. if you're looking to own one of the infamous deflat balls you're in luck. it is for sale. we're not telling you how much it is going for right now. but we will, coming up. it's a highly thercontagious disease.here. it can be especially serious- even fatal to infants. unfortunately, many people who spread it may not know they have it. it's called whooping cough. and the cdc recommends everyone, including those around babies, make sure their whooping cough vaccination is up to date. understand the danger your new grandchild faces. talk to your doctor or pharmacist about you and your family getting a whooping cough vaccination today. nobody's hurt,but there will you totstill be pain.new car. it comes when your insurance com

how people could use bitcoin as fund-raising for this extremist organization. what it suggested, he was an extremely intelligent person with a lot of technology ability. >> and was isis sophisticated in their use of social media in connecting people who want to help? >> this is the rep that they have established absolutely. but what this also shows there's a lot of cost to using social media for recruitment. we were able to find this particular individual, and moreover, through his connections and through his conversations with people on twitter, we were able, u.s. tense and other monitors are able to understand a little bit more about that network. how it's composed and who talks to who and how it works. so for all of the gain in value that a group like isis extracts for using an open platform like this there's a lot of cost. and some of that was born out today. >> how good are you as counter terrorism experts able to weed out people trying to espouse views, and providing material help to groups like isil? >> well, if you take a couple of different approaches,

included directing people how to use bitcoin and using it anonymously and he engaged in recruitmentf people to try to get them to go to syria to fight with isil. >> reporter: his lawyer, with his mother by his side said his client's fervor and support for isis is all about opposing the regime of assad. >> there's a lot of people of conviction who oppose the assad regime. when you share those believes it's easy to get caught up in joining, at least in the virtual world with, some movement that you feel is opposing something that is absolutely criminal. >> reporter: amin joins the growing ranks of muslims that have been lured in to radical islam on-line and faces up to 15 years in prison for his involvement in this case. joe johns, cnn, washington. >>> you are watching cnn newsroom. more fallout from the fifa corruption scandal just ahead. the details behind this new high-profile resignation. and plus, the recent iran nuclear talks may have been hacked by spies. >>> the attack was so sophisticated, investigators believe it was government sponsored. ♪ [ male announcer ] you wouldn't ig

home he would enter the world of terrorism online to urge them to finance it through the anonymous bitcoin to recruit people to fight in syria. >> it is a tragedy for this community as we have yet lost another young person to the seductive lure of the violent online propaganda. >> he went by the twitter handle to have 4,000 twitter followers, supporting the violent jihad and beheading of journalists. the 18-year-old is now in syria. they leave the courthouse hand and hand. >> they take responsibility for that crime. >> reporter: in manassas surae chinn wusa9. >> and now he is cooperating with the authorities, providing information about the terror group. sentencing is in august. >>> hundreds of people in turkey are chanting and saying thanks to the american who was killed while fighting isis. he was fighting with the kurdish forces when he was killed as the kurds lined the roads waving flags as they passed on through. the massachusetts man's body was safely handed over to his family today. >>> new developments tonight out of cleveland where a police officer might soon face a murder charge.

. >>> busted for bitcoin.nia teenager pleading guilty in federal court today for charges that he tried to get his friend hooked up with isis in syria. >> he used two primary ways of using the social media and one was to try and garner financial support for isil and that included directing people how to use bitcoin and how to use it anonymous anonymously. he also engaged in recruitment of people to try to get them to go to syria to fight with isil. between june of 2014 and february of 2015 he gained over 4,000 followers on twitter and sent over 7,000 tweets. >> nbc news justice correspondent pete williams has been following this story since the suspect was first arrested in march. a lot here. we know the material support law can be used against all kinds of activity for terrorism. walk us through why this is unusual to see teenagers in federal court, the social media here and trip to syria. >> it's the teenager in federal court that's the most unusual. the social media, we're seeing more and more people using i

secret service agent is set to need guilty to stealing bitcoin from the silk road onsite.he's accused of stealing $820,000 of the digital currency. according to court papers, he's expected to make the plea deal later this year. a cybercrime agent with the irs in oakland uncovered the theft during the investigation into the silk road site and its king pin, ross ulbrich. >>> the house revived president obama's embattled trade bill after failing to get a formal vote on the measure last week. the house passed it today. the legislation will give the president and future chief authorities what it can ratify but cannot change. the senate has yet to weigh in. , this puts republicans in the strange position of supporting president obama. democrats worry it could result in job losses. >> this has been a long standing difference in the democratic party having nothing to do with the president of the united states and everything to do with ours abouts, the constituents. >> the senate could take up the trade bill as early as next week. >>> preparations are underway ahead of the golden s

>> yeah first of all we're not really bitcoin company. bitcoin as a form of value that you can put in the cloud. we're really the first cloud money platform and the definition of cloud money is going to be. but we allow the exchange of money at no cost and now the exchange at no cost so we're truly marking the beginning of the end for banking fees globally. >> but how can you do it at no cost? how is that sustainable over the longer term? >> it's funny. when i launched it in 1995 i made a decision that nobody had really ever made before which is trying to build a large media company without charging for the content and my billion dollar competitors got between 35 and 50% of their revenue from the cost of the magazines. there were a total of 11 advertisers on the internet then and none paid and i just took a bet that because our costs were so much lower and the audience so much bigger that i could ultimately build a profitability company and when i left in 2000 we earned $1.4 million and we were a nasdaq 100 company. so you have to underst

investigators say that ali amin used twitter to raise money for the terror group using anonymous bitcoin contributions. he also actively recruited future isis fighters, eventually helping an 18-year-old classmate get to syria. both went to osborne park high school in manassas. amin faces up to 15 years in prison when he is sentenced in august. >>> new at 11:00 tonight, a morningside man faces a felony assault charge after allegedly beating another man on a metro train. police arrested 52-year-old william nelson today. officers tell thus is nelson in cell phone video punching a man for several minutes. the fight happened on the green line train on sunday. metro transit police interviewed both men when they got off that train at southern avenue station. at the time, neither wanted to press charges, but a warrant was issued today in d.c. >>> police say a woman died tonight after getting hit by a peapod delivery truck in northwest d.c. it happened at the intersection of wisconsin avenue and calvert street around 6:00. police shut down part of wisconsin to investigate. so far no charges again

but of put eleanor roosevelt on apple pay or put olivia pope on bitcoin. >> jon: you would feel better> at the end of the day i don't give a damn who is on the bill. what i do care about is getting an equal share of the bill. i would rather have 10 full hamilton dollars than 8.45 of lady bucks. >> jon: j ♪ music playing ♪ if you haven't heard about the latest sale at hotels.com by now ♪ music playing ♪ it's because you're willfully ignoring me. ♪ music playing ♪ book now and save during the fourth of july sale at hotels.com. ♪ ♪ if you want a paint that's tough enough to protect from the elements. if you want a paint flexible enough to survive the subtle cracking of time. if you want a paint that gives you a lifetime warranty... only this can. aura exterior from benjamin moore. paint like no other. what about a "win-win-win"? pick up the limited edition metallic droid turbo by motorola. water-repellent. up to 48-hour battery life. that's your first "win." plus, it's only on verizon. the #1 network. there's your next "win." now for final "win." get $250 when you trade in any smartphone.

but of put eleanor roosevelt on apple pay or put olivia pope on bitcoin. >> jon: you would feel better a damn who is on the bill. what i do care about is getting an equal share of the bill. i would rather have 10 full hamilton dollars than 8.45 of lady bucks. >> jon: j and when you bundle your home and auto insurance through progressive, you'll save a bundle! [ laughs ] jamie. right. make a bad bundle joke a buck goes in the jar. i guess that's just how the cookie bundles. now, you're gonna have two bundles of joy! i'm not pregnant. i'm gonna go. [ tapping, cash register dings ] there you go. [ buzzing ] bundle bee coming! it was worth it! saving you a bundle when you bundle -- now, that's progressive. give it to me i'm worth it. baby i'm worth it. uh huh i'm worth it. gimme gimme i'm worth it. give it to me i'm worth it. baby i'm worth it. don't just visit orlando visit tripadvisor orlando tripadvisor not only has millions of real travelers reviews and opinions but checks hundreds of websites so people can get the best hotel prices to plan, compare and book the perfect trip visit trip

a new york times reporter, author of digital gold, talks about the evolution of bitcoin. we take your calls, and you can join the discussion on facebook and twitter. washington journal, live at 7:00 a.m. eastern on c-span. >> monday night on "the communicators," austin meyer. and democratic representative hank johnson talk about technology issues and patent legislation. >> 97% of the people who are sued by patent trolls have to settle. they don't have the millions of dollars to defend themselves. 90 -- 97% settle and pay an average of 30 -- $300,000. when they pay that, they are locked up under a nondisclosure agreement, a contract that says they are never allowed to tell anybody what happened to them. >> we are excited to have legislation on the topic. we are excited to discuss the issues and see the best way to help entrepreneurs defend their product and run their businesses fair and square. these demand letters would put a company like ours under. >> we are concerned with currently, has to do with closing the door to those who create. they need to be able to use the co

anonymous traders used bitcoin to buy and sell drugs, tools, and identifications. prosecutors say at least six people died after taking drugs bought through the website. angie: still to come in the program, the make or break debt repayments for greece. and the prime minister is on the attack as a deal remains ever elusive. next, china's manufacturing pmi increases in may, yet still fails to meet expectations. is the economy showing signs of stability? we will get the reaction from our next guest when "asia edge" returns. ♪ rishaad: you are back with "asia edge" as we check on the stories making headlines. angie: myanmar has detained journalists trying to reach an island where natives have been held. they insist they signed an agreement not to make the journey again. 727 people were rescued from a boat. the navy denies that they are trying to leave myanmar. rishaad: more cases confirmed of the middle east respiratory syndrome. health organizers meeting to tackle the disease. more than 1100 people have been identified with mers around the world. most of the victims h

. >>> a second former federal drug agent pleads guilty to selling $300000 worth of bitcoins. agent was investigating the founder of the underground website called silk road. the man was arrested for enabling the money secretly solicit solicit solicited the money in exchange for information. >>> a day long delay after a flight was diverted after authorities say a passenger became unruly demanding bags of nuts. the ordeal would run up a bill for the airline of more than half a million dollars. here to talk about this is lisa wheel and doug burns a former prosecutor. good to see both of you. this dude is 42 years old. way too old to act like this. >> he was acting nutty! >> 15 minutes after takeoff he demanded i need nuts or a snack. get it to me and he is walking around being crazy. that wasn't enough. he wanted more. the pilot is saying this guy is crazy we will land. >> acting erratically. >> and the pilots make the energy landing and has to dump 13,208 gallons of fuel and the passengers stuck in the terminal for another day and now they are suing. >> the passengers have a ca

laying down rules for bitcoin. becoming the first to do so.g rick, perry's official entrance into the 2015 -- 2016 presidential race. making that announcement in an airport just outside dallas. the second try for the governor who was an unsuccessful candidate and the longest-serving governor in texas history. jeb bushncement, as announces he is a special announcement june 15. joining us now to talk about the ever growing gop field, now 10 declared candidates, ron ceo of christie strategy, former adviser to president george bush, dick cheney and many other prominent republicans. so with us, peter cook. the obvious question, does the kerry have any chance, and if he does not, why is he doing it again? peter: a much bigger hill for him to climb. he ran in 2012 and did not do all that well. the famous moment on the age and downhill from there. at one point he was the front runner. 28% in the polls. 14 years as texas governor, the story he could tell there. there is still a chance for rick harry to distinguish himself this time around. much more di

social media, the twitter handle, i'm reekie witness in his campaign to raise money for isis, using bitcoin. he is accuse of radicalizing a teenage school mate reza niknejah get to syria. joseph flood is his attorney. >> long tent tackles that reach into our children's houses and into their cell phones into their schools. >> reporter: court documents reveal amin began communicating online with isis figures back in february of 2014. by june, planning was under way to get niknejah to syria. they used code words to avoid detection. syracuse meant syria, basketball jihad and basketball team, jihadist organization. >> he made propaganda accessible to western supporters and provided justifications for isil actions, including the beheading of journalists. >> reporter: last january, amin drove niknejah to dulles airport. his family reported him missing a few weeks later. then nick nah shad called his mother in prince william county, telling his mother he was going to fight against those who oppress muslims. amean's mother was in court as he pleaded guilty and stood alongside his attorney afterwards

social media, the twitter handle, i'm reekie witness in his campaign to raise money for isis, using bitcoin. >> he gaped 4,000 followers on twitter and sent over 7,000 tweets. >> reporter: amin actively recruited future isis fighters eventually helping his 18-year-old school mate raise za nick da shad get to syria. >> he made propaganda accessible to western supporters and provided justifications for isil actions, including the beheading of journalists. >> reporter: court documents reveal amin began communicating online with isis figures back in february of 2014. by june, planning was under way to get nick knee jabbed to sear ya. last november, investigators got ahold of amin's cell phone. in january he drove nick nah shad to dulles airport and the team made his way to syria. amin's mother informs court as her son pleaded guilty and stood alongside his attorney afterwards. >> he takes is adult responsibility for what he did but can't lose sight of the fact's child. >> reporter: his lawyer says amin was a devout muslim an honors student with a bright future who made a bad decision. >> he is

. >> reporter: he also told his online follows how to use bitcoin to provide money to isis. even though he's only 17 years old shehe's charged as an adult and faces 15 years in prison. >>> this morning jeb bush is on the final leg of his european tour. he is in estonia today. back here in the united states the anticipation is building for his presidential announcement. he's been running for months but it all gets official on monday. dana bash traveling with the florida governor. dana joins us now live from estonia. good morning. >> reporter: and john behind me is where jeb bush is right now. he's actually having a meeting with some officials here talking about cyber security. this is the nato cyber security defense center. this is a key place where they are kind of on the forefront of figuring out how the keep all of what we do secure all around the world. this is kind of a prime example of the kind of meeting that he has been having along the way all week long in jurpeurope. talking about things where he can look presidential and comfortable on the world stage. he is well a

he entered the world of terrorism online where he urged people to finance them through anonymous bitcoinscase is a tragedy. a tragedy first and foremost who have lost a loving son and brother and a tragedy for this community as we have now lost another young person to the seductive lure of the violent online propaganda. >> reporter: they went by the twitter handle with 4,000 twitter handlers, supporting the beheading of the journalist, convincing a friend to join isis, who is now in syria. a shaken mother and the defense attorney leaves the courthouse hand and hand. >> he takes responsibility for that crime. >> remorseful. >> deeply remorseful. >> reporter: the other organizations have long tent cals that reach in to their houses and their cell phones in to their schools. >> reporter: for that reason they have a message to parents about the unprecedented use of social media to attract with sympathizers. >> do not underestimate the social media access that they could have on our impressionable youth, whether it is drugs, gangs, cyber bullying, and now terrorism. >> he is cooperating with t

and you can find out more about it at cnn.com, including information about greece turning to the bitcoin in hopes that they can access digital money while the banks are closed at their their atms. >>> now to another story here in the united states a convicted killer who escaped and on the run for three weeks has been captured. david sweat is recovering from gunshot wounds at a new york hospital and is now talking to police about his escape. >> new york's governor says sweat and richard matt planned to go to mexico but had to improvise after joyce mitchell who's accused of helping them, after she backed out. they headed north instead. sweat was caught sunday 2 miles shy of the canadian border. he left matt behind because the older fugitive richard matt was indeed slowing him down. >> and there is also focus on this person. the prison guard gene palmer. he is accused of giving matt the frozen meat containing power tools that were used to cut through the prison walls. according to the county prosecutor, he says palmer did not help the inmates break out of prison. he appeared in court monday

"the new york times" reporters talks about the evolution of bitcoin. as always, we take your calls, and you can join the conversation. "washington journal" is live every morning at 7:00 a.m. eastern on c-span. >> like many of us, first families take vacation time, and like president and first lady's, a good read can be the perfect companion for your summer journey. what better book than one that peers inside the personal life of every first lady in american history? "first ladies: presidential historians on the lives of 45 iconic american women." inspiring stories of fascinating women who survived the scrutiny of the white house. a great summertime reading available from public affairs as hardcover or e-book, for your favorite bookstore, or online bookseller. >> the united kingdom will have a referendum at the end of 2017 on whether or not to remain a member of the european union. on tuesday members of the scottish parliament debate at the implications for scotland, if the u.k. were to break from the eu. members argued it was best for the u.k. to stay

>> bitcoin did move higher. >> yeah it's up 10%.ened when cypress had capital control, bitcoin up about 10% in the last couple of days. yeah absolutely. you know i'm a big fan. >> next currency of greece right? >> well. >> where they think there's a proxy, if you will for underperforming currencies? >> u.s. dollar. >> or u.s. dollar. thanks, brian. brian kelly our currency expert. catch more bk coming up. "fast money" the oracle earnings. they'll have all the latest headlines for you. >>> we'll have to wait a little longer for a fed interest rate hike apparently. is janet yellen waiting too long to make a move? >>> he'll tell us when he thinks the fed should make its move. >>> plus, uber has faced a ton of regulatory hurdles, but a new ruling about the drivers could be the biggest rod blockad block yet. keep it right here you're watching cnbc, first in business worldwide. y of a breach can quickly become the only thing you think about. that's where at&t can help. we monitor network traffic worldwide, so we can see things others can'

but ultimately started supporting isis and he's pleaded guilty to this trying to use money using bitcoin and trying to recruit people to go to syria to join isis. prosecutors say he did manage to find the contacts just sitting in his house, find the contextact for 18-year-old friend who did manage to get to turkey and get to syria and they say that he actually drove him this young man, to the airport outside washington in january to facilitate his trip. it's an object lesson a, about the seductive nature of isis but, b, about what a determined young person can do. >> very bright, educated young man from a very good family. richard angle, this is what you've been reporting on, exactly the impact here in the united states, social media outreach. >> isis is doing well on the battlefield and that encourages people. it has a success story of sorts that it is selling. it is establishing islamic law, winning, conquering new territory territory, that it's not only fighting against iran or an iranian-backed forces in iraq it is fighting against the assad regime and if you're sitting at home and y

. >> 600 people talking about machine intelligence, artificial intelligence, bitcoin and all sorts ofncial industries are being disrupted. brett king is with moven. i guess you would call that mobile banking service, i love your first line when you came in and spoke here, by 2025 there will be no difference between a bank account and a mobile phone. what do you mean by that? >> you won't go to a branch to get a bank account in the future, that's looud cruisicrol you-on-download the app, it takes you two minutes to sign up. >> no branches, no checking account, no savings account, no cds, you don't have a bank charter. you can still do all the things of a traditional bank can do. >> we sit on top of the mastercard rail. it works just the same as your debit card today. it's encapsulated within that mobile app. but obviously we interface with the banking system. you don't need a bank charter to do the front-end stuff. it helps not to be. we can invest all of our funding into the technology and the experience. we don't have to worry about capitaled a wascy and branch real estate. >> what a

i would say it's more powerful than bitcoin as far as new currency goes.person that joins wheels up. whether a celebrity. whether they're a horse, whether they're a company, everybody pays the membership fee. then what we have is with special people like a rickie fowler or a justin rose or american pharoah or "entourage," we have the ability to do some marketing deals but we don't have to do them in american cash. we can do the marketing deals in hours. so we have a special currency and we know how to use it. >> really unique set-up. congratulations on the latest one. i know everybody is going to be watching nbc tomorrow afternoon to see if american pharoah becomes the first triple crown winner. since '78. >> and i would say one other thing, the zayad family, they're a special family, american dream came from egypt. worked his way, sold his business to heinekin. next thing you know he's got a triple crown opportunity. >> locally here, too right? they live locally? >> teaneck new jersey. >> just down the street. i know you'll be out there tomorrow, yeah? >>

and then nathaniel popper on the evolution of the bitcoin and digital currency. ♪ >> it is monday, junethe house and senate returned today. the senate is likely to finish up work this week on their defense bill. the house will take another run at that trade bill that failed in the house on friday, but that will probably not happen until tomorrow. here on washington journal this morning, we will spend the first part of the program looking at 2016 politics as the presidential race builds up steam with hillary clinton announcing over the weekend and jeff bush set to announce his run today in miami. we want to know what you think about the expected run of jeb bush. join the conversation. you can send us a tweet at @cs panwj. you can also post on our facebook or send us an e-mail. that announcement coming this afternoon in miami. it will be live on the c-span networks on c-span3 and also on c-span.org, c-span radio beginning at 3:00 p.m. eastern this afternoon. here's how it looks in the local miami paper. jeb's big day is the headline above the banner. he is set to make his run official. th

. >> that included directing people how to use bitcoin and how to use it anonymously. he also engaged in recruitment of people to try and get them to go to syria to fight with isil. between june of 2014 and february of 2015 he gained over 4,000 followers on twitter and sent over 7,000 tweets as part of his campaign to support isil. >> nbc news justice correspondent pete williams was at that news conference in alexandria, virginia. he joins us now. what else did we learn about this 17-year-old? >> reporter: everything about this case is unusual. a 17-year-old who was able just by getting online to actually arrange travel for a friend of his to get to syria. authorities say that he helped an 18-year-old find the contacts, get to turkey and get to syria and that he actually drove this young man to dulles airport here outside washington in january to start him on this journey. the federal authorities don't know where this man is now. he was also charged in connection with this case. his defense lawyer says that he was a very bright young man that got seduced by isis propag

he was providing info on how to use bitcoin virtual currency to pay for activities and authorities sayed to setting up travel to syria for that 18-year-old, and they issued a warrant for that 18-year-old's arrest as well. the u.s. attorney in northern virginia warning today that parents need to be vigilant so their chairman won't get involved in this kind of activity. authorities say amin is cooperating in the investigation. apparently an honor student at a high school in manassas virginia now faces up to 15 years in prison for essentially giving material support to isis. carol? >> joe johns reporting live from washington. thanks so much. i'll be right back. ♪ ♪ (vo) you can pass down a subaru forester. (dad) she's all yours. (vo) but you get to keep the memories. love. it's what makes a subaru a subaru. if you have moderate to severe rheumatoid arthritis like me... and you're talking to a rheumatologist about a biologic this is humira. this is humira helping to relieve my pain and protect my joints from further damage. this is humira helping me reach for more. doctors have been prescr

bitcoins -- it coins other millionaires who can be investors.e of the big payers putting money in companies doing very well. one of them is the likes of index ventures. dst is doing very well. companies coming from silicon valley the likes of sequoia coming over. my last point is that they bet on a few more billion companies to come. francine: thank you. today marks the opening of the saudi stock market. we are joined by the ceo of tadawul, adel al-ghamdi. francine: thank you for joining us. are there any plans to develop the bond markets? adel al-ghamdi: hi, thank you so much for happening me -- having me. i did not get the first question, actually. francine: you are opening the market to foreign investors. will you develop the bond markets? will you open them up to more foreign investors? adel: i think that is a great question. i think that the bond market has much development to be had as we go forward. i think the bond market has a prerequisite. we are looking to develop a sovereign yield curve in order for our local issuers to be able to pr

another potential telecom deal and new bitcoin regulations. a new busy day indeed. stories at this hour. there is word this morning of a possible blockbuster deal in media and telecommute stations. the wall street journal reports dish networks are in talks to -- with t-mobile. but the final company would look like, the price and how the -- trading up in the free market. a sale or general electric, bloomberg is reporting ge is putting all of its commercial loan businesses in the united