blockchain.itcoin which reached $17,000 and then crashed, it is the technology behind it, the giant data keeper. here's how it works. you are drilling a well. you wait until the drill fails and then you call your services company and get a new one. imagine you have a smart contract that monitors the work you are doing. the oil service company looks at your well's intensity and vibrations, knows you will need a new drill, and the company gets it to you before the old one gives out. you save time and money. oil is interested. oil services companies have invested in jvs, acquisitions, and r&d. other big oil companies, banks, and trading houses teamed up to create a blockchain platform, which could be running by the end of 2018. here's the catch. you have to pay to play. the technology will only work if both sides have it. like a fax machine. the front facing component can be different, but it has to be blockchain behind it and competition is fierce. alix: joining us is dominic thatn, btl group ceo ,

i think it is not like we attached blockchain and became a blockchain company. working with global payment in the past eight years. we are a long track record of doing this. it is not like we just attached that. bigger thanlumes is bitcoin combined. i think we are not like very quickly arriving on this. this is something we have been doing for a while. emily: what kind of competition do you have? christian: there is not a massive amount of competition. we started early. connected the dots of supply chain.that has given us a big advantage. there are a lot of niche players that do bids and pieces of this, just like before in the sales side. salesforce became a platform. you have the smaller players doing automation on other pieces and we connected the dots. emily: what else do you think blockchain will revolutionize? payment is one thing we talk about a lot. christian: track and trace -- that sounds trivial but it is a massive problem for companies. nglestics -- every si logistics company in the world is looking at this. these are the areas that most benefit. paym

blockchain, there is no say that if it is as a book out about the blockchain revolution a few years agoexacted what the technology should be useful. in simple terms, blockchain is like taking a spreadsheet and allowing everybody to have access to that spreadsheet at the same time and being a two edit the spreadsheet at the same time. currently, if you andi at the same time. currently, if you and i use the same spreadsheet we would have descended to each other, or at least you would not be ought too evident if i was editing. blockchain is technology that allows a ready access at the same time to edit and add to the information that is on it. hsbc have now use that technology for ordinary financial transactions. up till now, it has only been used in cryptocurrency. it makes perfect sense that we should ta ke makes perfect sense that we should take a technology that allows the better record—keeping that we have at the moment to record the financial transactions that take place. this is the first of what a suspect will be absolutely standard practice in a few years from now. —— what i suspe

you are all using the ethereum blockchain.really strike that sort of efficiency by putting the dollar on a blockchain? mr. neville: we're also working on other solutions. there are some fundamental issues we are trying to address. one is stability. the other is how we make things faster and how we scale. and then the other is governance, how we do this in a way that can further a standard with multiple members, not just one new member of the network, but multiple members that participate together in an ecosystem. caroline: talk about the stability and governance. there is another key stable coin, meant to be underlined with the u.s. dollar pegged to it, but there has not been much clarity that for each token out there, there is a dollar. how will you prove you have the stability? mr. neville: it is imperative that the entity that governs the network, that verifies that there are in fact funds sitting behind these tokens, governs membership and makes sure all entities are behaving is separate from the entities issuing these tok

how blockchain could be the future of semtech.tartups received a record of $46 million in venture capital last year. here at mass challenge, many of the areas find their footing and funding. ♪ wheelchairs is one trying mass challenge is to solve. >> it was founded here in boston in 2008. >> she is managing director that offers grants. thee bring you all resources in terms of space, education and at on a challenge raise $1.59where we to give to some of the top startups. -- and created 18,000 jobs. >> it strengthens the ecosystem and the fact we are connected and bill thousands of so we are that network connection for getting them the right knee -- right resources they need. these companies just partnered with mass challenge. -- >> pepsi is a great way to optimize what they're working on and how they are actually deploying their advertising which saves money and time. >> mass challenge is also growing beyond boston with programs in rhode island some of texas, switzerland, and jerusalem. addingelerator is also to boston's innovation

can blockchain technology be used to help in terms of corruption?ound the distribution of aid in quite a few war—torn countries. well, everything you do in the blockchain is public, so it's like really, really transparent. it's virtual, so people don't have to carry cash on themselves in countries where the security is sometimes very difficult. uh, imagine that the transaction would be, like, very clear, uh, from the onset, you see very well who receives what at what moment which avoids the risk of duplicating the transfers which happens from time to time, etc, etc. the game chaingers project ended on march 3! and generated 84 ethereum. unicef cashed these in, raising 26,378 euros, which will go towards providing aid for syria. its creators say this isjust the beginning — a beta test of the technology before they try using it for different aid—related purposes. hello. there's warmer weather on the way for the bank holiday weekend. for most of us, it's looking dry, as well, with increasing sunshine as the weekend goes on. we're not quite there yet, t

, and you can transfer everything on blockchain, even computer knowledge, and it sets a sort of parametersant to do a transaction or send something to somebody, you can do it in such a secure way without many middlemen or middle women. liz: it's a ledger. charlie: it's an electronic ledger that is basically much cheaper once it's setup to transact and probably the next generation of the internet. a lot of people think you had the first generation which is very mature which everybody has, this is the next generation because it does really speed transactions up just about anything, so they know, the industry and the in dust roanne sones disbursed all over the place there isn't like one founding person in the industry matter of fact the person no one still really knows who founded bitcoin there was that one guy who everybody thinks did it but no one really sure did it. liz: with the fake name. charlie: but so it's somewhat disbursed what we can tell you now because i've been spending a lot of time talking to major players in the cryptocurrency in the blockchain industry is they are starting t

can you like blockchain? there are some applications for enterprise blockchain, i think they're going to be very useful. just like the intranet was how companies tiptoed into the internet in the '90s, enterprise block chains are companies ways of tiptoeing that will be pushed to the public chain or the d net and that needs to have a token they have to be paired to have that model that's the powerful economic model that all three of these billionaires are missing >> well, buffet and munger's comments have them recoiling when will they return to 10,000? >> i don't think they had anything to do with the retreat. it added to the bitcoin people who would not want buffet and mung oh r to be in this. when are we going to get back too 10,000 predictions are very questionable but let's give it a shot we've had the tremendous rally off the lows this was 6,000 easter weekend. that was a pretty tough weekend but we've rallied significantly. 10,000 coming in just about right there. that's resistance. i still think we head

ibm blockchain.ee did indeed come from 6,000 feet above sea level. and not a foot lower. ♪ ♪ >>> trade talk between the world's largest two economies as markets on the move this morning. a full rundown of what you need to watch at the opening bell that's straight ahead. >>> cbs' board voting to slash the power of its latest shareholder. the latest on this developing story minutes away >>> and what happens when you're late for your flight >> you can't go in there >> it's okay i'm a limo driver. >> that story and more as the second hour of "squawk box" begins right now ♪ >>> live from the beating heart of business, new york, this is "squawk box. >> who knows good morning welcome to "squawk box" right here on cnbc we're live at the nasdaq market site in times square i'm andrew ross sorkin along with joe kernen. michelle caruso-cabrera is hanging out as well. got some headlines to tell you about as well. the fda has approved the first-ever drug to prevent migraine headaches boy, could i use it right now.

this is the ibm blockchain, built for smarter business.e been hearing for a few months now that lloyd blankfein is expected to step down by the end of the year or early next year. and now the departure is expected in december david solomon is likely to take over and kate is on the news line about the retirement and the team mr. salomon might assemble. hey, kate, what can you tell us? >> hey, michelle, how are you? there's a lot of uncertainty about exactly when lloyd was leave. people say he's engaged as ever doing public interviews as he did with will flash month. and might want to stay around through parts of or all of 2019 is what i was hearing originally but more recently i'm told, there is a plan for him to step down before the end of the year or at the end of the year. and one event that may take place in conjunction with his stepping down is an annual dinner for retired goldman partners that occurs in mid-december typically so that is something that may happen on or around his retirement meanwhile, of course, david solomon, who is t

poppy is a real estate marketplace that is utilizing blockchain to automate real estate purchases. >>nd this is a company you started and it's doing well. you've gone to 45 employees. >> absolutely. >> then i'm going to get you to tell us what bitcoin, cryptocurrency is and blockchain. i know it's complex but as quickly as you can. >> today we know bitcoin which are most popular cryptocurrencies and they are running thanks to blockchain and blockchain or decentralized databases which run record transactions thanks to criptography. >> how big a deal is cryptocurrency in the real estate market now? i know that's what you're specializing in. >> the market today is $360 billion is the size of the market worldwide. so we believe it can get up to several trillion dollars market quite soon, but the -- when the cryptocurrency market -- enters mainstream we see more and more real estate purchases to happen with usage of crypto occur reasonsy and blockchain. you're selling a ranch in los gatos and the owner is accepting payment in cryptocurrency. so this property listing we got last week and th

but blockchain capital spencer bogart citizen the crypto world is photoing the wrong coin >>> later they say diamonds are a girl's -- i mean trader's best friend tiffany's posting its best week ever, up 25% so how much higher can it go the traders have got some ideas. >>> but first we start off with the crude crush. oil seeing its worst day in nearly a year, sending energy stocks down with it. this after a saudi oil minister suggested they may pump more oil. so is today's decline a supply issue, or is the price action in oil sending a warning sign for the rest of the market maybe a statement on global growth, guys. >> a lot to sort -- >> unpack. >> unpack there. >> yes, tackle on a friday before a long weekend. >> that's what i'm here for. >> i am a conspiracy theorist, but president trump recently has been in the news getting in trouble because a lot of people blaming him for the rise in crude prices gasoline in new york city five bucks. on a friday before memorial day, we hear from the saudis about them increasing supply sounds a little fishy. i would say they backtrack next week in te

for cryptocurrency blockchain companies than in the u.s. and asia.you think that will always be the case? james: there has been a lot of growth in europe and asia. the u.s. has a lot of money to invest in technology. i don't see that reversing anytime soon. i do think asia in particular is becoming a really dominant region in cryptocurrency. we are seeing new elites come up -- a lot more clients come up in that area. caroline: that was james smith, ceo of elliptic. discussing this new report from will pound. -- bull pound. emily: caroline hyde for us in london. thank you so much. shares of spotify turned in their worst performance since becoming a publicly traded company last month. why some investors are turning on the music streaming giant next. this is bloomberg. ♪ emily: spotify severed his worst stock decline since -- suffered his worst stock decline since becoming a public company. investors were not impressed with a 45% jump in subscriptions last quarter, even though it matched spotify's projections. there has been bullish sentiment, rising 30

facebook is working on blockchain related technologies.ey need the same amount of computing power and chips to do those kinds of efforts as are necessary to mine bitcoin? >> yeah. you know, so today at least, cryptocurrency or mining is a small part of the story but what they need if you think about it from a process perspective example, more gpus, more speed, low power, so gpus get more use versus the intel processor, for example, right on memory you need more d-ram versus anything else so it is a bit like a souped up gaming machine they deploy, but it's more in media, in some d-rams driven. >> going back to your comments about where we are in the cycle for chip stocks do you expect qualcomm and xpi deal to go through and how do you expect that to play out given the consolidation we've seen take place? >> yeah. you know, i think everyone is watching the deal with a lot of focus. now, logically, i would tell you this deal should get done, right. no overlap, no customer overlap or end market issues this deal should have sailed through and g

it is being called blockchain week here in new york.ything from rap concerts to the first ever block chain jobs fair if you want to get a piece of that action. thatt to pull up a chart shows you how popular this has become. look at that, 7000 attendees are expected. just three years ago almost 625 people attended these. haidi: even though we have had cryptocurrencies, bitcoin down 50% from the record high, that is not reflecting ticket prices to get into these events. the tickets, the consensus going up as much as $3000 for one ticket to get into here. james bullard, speaking. he said the twitter ceo is speaking. it will be a ripple after party, headlined by snoop dogg in a meatpacking.on in but the hype is very much there. i wonder if we will see a spike in cryptocurrencies as well to correspond with this, but we will be watching that in the after party action. to's get it over to yvonne take a look at what is coming up on daybreak asia in the next couple of hours. yvonne: we are taking a look at what will happen here when it comes to

i was reading eventually that bbva issued a loan using blockchain technology, blockchain ledger. can you tell me more about that. >> blockchain is one part of the big revolution, the big digital disruption you have the so-called exponential technologies from the cloud, which may be viewed as the trigger up to blockchain, including ai, which is probably the most important so we have been working in what we call the journey for ten years now. now we have seen an incredible fact the facts are that 50% of our clientele is working in digital. and growing at a rate between 30% and 40% year over year those customers are happier, revenues are up between 10% and 50% depending on customers, cost is one-third so the future is immense >> just one financial question for you. banks in europe are under pressure to reduce costs, but there's a tradeoff between reducing costs, investing in technology and blockchain, how are you weighing the two together and how do you think about a return in investment when you invest in technology? >> we have a clear idea which is turn the bank into a house the c

caroline: a mention of blockchain.s interesting that we are seeing david marcus, the ceo of paypal, come to facebook. he is now leading this division. do we know much about it? >> not really, but what's interesting is the approach toward privacy and the ability to delete your data. it is hard to square that with blockchain, which is distributed it all over the place. that is one of the biggest complaints. the blockchain enthusiasts say europe is going to be behind on this because it is not technically possible anymore. caroline: so you think the ledger and the use of it can never be deleted -- will that hinder or help the fact that facebook is trying to become transparent and easier to digest in terms of trust? alex: it is technically more transparent because your data will be in a ledger. it is an intriguing question because it does not have a simple answer. caroline: jay, give us a sense of some of the other key moves. you mentioned the interest of blockchain. what about the new head of instagram? instagram perhaps h

>> so that's both public and private blockchain we are the biggest enterprise consortium of blockchainompanies. one of the platforms and benefits of using tradeshift is we guarantee transactions, we take care of security. you don't have to know about all of these things. i think that's a huge benefit about having a private platform like tradeshift as the intermediary >> thank you for that. that was christian lang, the ceo of tradeshift. if you have any views on anything we've discussed, twoet tweet us about gdpr. >>> coming up, are london bridge prices falling down? we get a bearish outlook owe sector when we return. >>> welcome back to street signs. u.s. president donald trump has demanded that the justice department investigate whether his presidential campaign was infiltrated by the fbi in a series of tweets, trump suggested the fbi may have planted or recruited an informant in his campaign rnd the direction of barack obama. after spending the whole weekend inside the white house, the president emerged on twit were a major declaration. i here by demand that the department of justice

you point out, there is a distinction to be made between blockchain and crypto. imagine wells fargo transacting in cryptocurrencies the same way it does in a dollars or yen or euros? tim i could come if, if our customers wanted, and there was a system that allowed for appropriate checks and balances as to whether the underlying transactions were legitimate. that is what, from my perspective, is that they concern here. many of the transactions, not all of them, are done in cryptocurrency because they are not above board. so there is no way to satisfy the second requirement? higher customers asking for it -- are your customers asking for it? no, i didn't read last week that there were a few cryptocurrency coveney's trying to initiate conversations with regulators to get licenses and the like. that would be fine for my perspective, because we have laws in this country, financial loss. we have got to be responsible , know your, aml customer requirements. we will not get involved in currency or transactions where we are not comfortable with those. has: what effect pro

blockchain for hire. working with energy companies to use blockchain's to cut costs. ♪ i am alix steel and welcome to bloomberg commodities edge. 30 minutes focused on the companies and trading

it's based on faith in the ethereum blockchain.ough people believing in cryptocurrency, then you can snowball into something that a society actually deems valuable, like the u.s. dollar. - whoa, whoa, whoa. what do you mean, the u.s. dollar? - the u.s. dollar is based on faith in the system. - so the only thing backing this money is belief in the competency of the u.s. government? - unfortunately, that's true. - damn! so not only is cryptocurrency fake-- all money is fake! wake up, wall street! you know money isn't real, right? all this stuff is all fake. but wall street doesn't care if money is real, as long as they're making lots of it. they've been pumping millions into bitcoin and ethereum, driving the creation of thousands of new cryptocurrency. but how low is the bar for entry? let me get this straight. you took bitcoin, and you just changed the font to comic sans? - and we put a dog on it. - this was the guy to talk to. so tell me about the genesis of "dog-e-coin." - well, firstly, it's dogecoin. [laughs] but i created-- - w

the blockchain conference in manhattan. with no rally in sight, we're playing the game of hodl or fodl much more "fast money" after this at&t provides edge-to-edge intelligence, covering virtually every part of your retail business. so that if your customer needs shoes, & he's got wide feet. & with edge-to-edge intelligence you've got near real time inventory updates. & he'll find the same shoes in your store that he found online he'll be one happy, very forgetful wide footed customer. at&t provides edge to edge intelligence. it can do so much for your business, the list goes on and on. that's the power of &. & if your customer also forgets socks! & you could send him a coupon for that item. [fbi agent] you're a brave man, your testimony will save lives. mr. stevens? this is your new name. this is your new house. and a perfectly inconspicuous suv. you must become invisible. [hero] i'll take my chances. ♪ ♪ >>> welcome back to "fast money. we've got two big after hours movers, nordstrom and applied materials. you hear the mu

john: i think blockchain is a powerful new technology.eal ass big mobility, and i don't think it is as big as ai. we have used blockchain to facilitate international and cross-border transactions. i would love to see blockchain applied in a powerful way to the health care system so you have fine-grained control over where your health information goes so you can automatically at any time have a longitudinal record of all of your health care experiences. emily: what else? john: we invested in ico. emily: but in tech more broadly, where do you see the opportunities over the next 10 years? john: i think they are in artificial intelligence. i remain convinced that selectively they are in the areas of innovations around energy and energy technologies. i am quite convinced we will see a lot more disruption in systems for enterprises. the big tech giants, especially those with strong positions in consumer markets, they are a lot more competitive than their predecessors were, so i think it is harder to start a new consumer internet-based venture.

frankly, we were teasing earlier, i didn't know if blockchain was one word or two when this started. but it has a significant impact. it could have a significant impact on the future of voting, not only for military voters, but for disabled voters, for folks who are sheltered in or it may become the status quo one day. for now, we're focused on military voters who have a cell phone, but don't have access to a fax machine or regular postal service. i think everyone in this room and everyone in west virginia, the west virginians are very patriotic state, we understand the significance of secretary warner's pilot project here and what he wanted to do and what we hoped to achieve. the comprehensive audit of the blockchain that will take place here in the next 60 days will give us an opportunity to see if that blockchain in any way for a small set now, it's just 13 voters, but if it was any way attempted to be hacked or any type of cyber security issue that would have to be addressed before november general election at which time secretary warner hopes to make it an option for those other

we have four pillars we look at, wall street disrupters, enterprise blockchain, mining and exchanges, finally looking for decentralized internet, or the d-net all four pillers feed into the investment thesis. some people say i like blockchain but not bitcoin, we're looking for companies that are using disruptive game changing technology to streamline businesses, disrupt industries, that's what we're looking to invest in >> an amg, that would be in your etf because you need those powerful processors to mine the coin, correct? >> yeah. that's how we look at it everything that is supporting the ecosystem. nvidia, amd, global unichip, they have 30% of the revenues that are devoted and coming from designing the chips so that's fitting into our mining bucket >> by the way, we'll leave you with this view, a month ago you recommended getting back into bitcoin cash, the price has nearly doubled since you called that comeback. this is why they should be watching "fast money." brian kelly, thanks. >> thanks. >>> time to wrap up the show with the morning rbi today you have a major market annivers

>> yeah, so we use a blockchain technology.ich by the way for those who don't know that's sort of a electronic ledger; correct? >> uh-huh, yes. liz: it follows everything so that makes it more secure? >> yes, so it provides a layer of security to the face time so for example, if we use a centralized system like apple card, we may face some problem like hackers may hack into their apple system and then steal everyone's contents right but for this one, it's decentralized so it's impossible for a hacker to hack everyone. liz: okay so it's almost like we're reversing because remember , in the cloud, everybody wanted to rush up there and in the cloud it means it's everywhere and you can access it from everywhere, so let's say i have an iphone, and then i've got a dell pc, but i want everything together, this can put it together? >> yes. liz: how much does this cost? >> so we have two versions out for the 1 terabyte it costs $200 liz: okay. >> and for the 2 terabyte it costs $250. liz: who are you selling to whose bought these? any b

blockchain for hire. to dominic mccann, ceo of btl, who works with energy companies to use blockchain to cut costs and optimize trading. ♪ alix: i'm alix steel and welcome to "bloomberg: commodities edge." it's 30 minutes focused on the companies, physical assets

explain to the viewers who may not know what blockchain is. >> blockchain is a technology you hear mixedshley: yeah. >> it's a technology that supports a lot of on the audit side. ashley: it is like a digital register. >> it's a digital register. dlt, distributed ledger technology. ashley: you're getting all jargon on me. >> i am. pretty much the way of the future. ashley: you are enable to buy and sell goods using this digital register like flow-through point if you like in the exchange for those goods? >> correct. we're actually using it more on financial services side of the equation for ourselves. ashley: okay. >> we are obviously in number of areas where we use utility coins and security tokens. it will help us in those after-market products that we're looking to create. ashley: so much has been said about bitcoin, oh it is a big scam or just a complete bubble that is ready to burst. although many, most people agree that the technology of blockchain is very much a part of the future. how quickly does this come on? obviously you're ahead of the curve but at what point do we say this

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blockchain for hire.dominic mccann, ceo of btl, who works with energy companies to use blockchain to cut costs and optimize trading. ♪ alix: i'm alix steel and welcome to "bloomberg: commodities edge." it's 30 minutes to focus on companies, physical assets, and trading from the smartest voices in the business. let's kick it off with a spot on

treasury,s actually a a sort of social treasury that is coded into the blockchain.estroyed every single day by the logic of the blockchain. the users who hold the coin help to decide how to distribute the new tokens from the treasury. aey do that by supplying subjective valuation of the content they are reading. they hit up votes. the of votes get calculated inside the blockchain. utilize --er how to distribute the currency. by seeing the tokens flow through the system, they are able to take a percentage of those tokens. because the texans have speculative value, just like bitcoin, the websites are able to sustain their operations based on the tokens that they are receiving as well. betty: so people cash out afterwards? that is how they are able to generate the revenue than? >> they are able to freely trade steem i against bitcoin or any fiat currency so they can cash out, watch them stay in the system and use the currency as more influence for themselves and the platform. there is total liquidity at the same time. as you are earning these tokens, it is like earning

blockchain for hire. companies to use blockchain to cut costs. ♪ alix: i'm alix steel and welcome to bloomberg commodities edge. it's 30 minutes to focus on companies, physical assets, and trading

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blockchain for hire.c mccann, ceo of btl, who works with energy companies to use blockchain to cut costs and optimize trading. alix: i'm alix steel and welcome to "bloomberg: commodities edge." it's 30 minutes to focus on companies, physical assets, and

where is bermuda and the development and use of the blockchain technology? have entered -- innovation hubs around the world. , we are the ideal place for companies that are looking to test out new age products and services to have them in a constrained environment to see how they can work. than they can. scale them up to service the rest of the world. that is where we positioned bermuda. . we are attracting companies and making progress. it comes to cryptocurrencies, there is concern about money laundering and criminal organizations making use of it. >> what we want to be as the well regulated jurisdiction. we are looking at the legislation and the regulations that we will put into place. to regulator will be able track the full chain of those items and any transaction which may not be in keeping with the high standards of international anti-money laundering standards. bermuda has always had that high standard and we will transfer that in our private client space over to make sure that is applicable to the emerging space of digital assets. shery: when you sa

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as it relates to the whole change introduced by blockchain, it will revolutionize what they do.u think a -- if you think of a world we have an absolute -- because of blockchain you'll be able to make sure that you go from executing a trade to everything being computed with the right information in one go. that will happen in the nuts addition -- in the not-too-distant future. >> why do you expect that to happen first? >> i think it will happen slowly over the next year. depending on how much people start to invest. we will be at the leading edge. >> i suspect the are, but are you less a believer in bitcoin them blockchain? >> yes, i'm less a believer in bitcoin. one other thing about this business is sometimes you need to say when you are not quite sure when something is happening. we are staying clear of it. we let other people get excited or not by what is happening. francine: that was manny roman speaking with john micklethwait. a new technology team is set to alter the future of financial services. we are now joined by antony jenkins. still with us, jim o'neill. anthony, tha

this is new york's blockchain week >> still it's the blockchain versus the bitcoin and the ot r others underlying technology that matters. >> that has the applications even the fedex ceo will be at this conference talking about it on the logistics industry. we're still waiting to see the use cases. >> great seema, thank you >>> when we come back, we are counting down to the opening bell on wall street. we're going to find out what jim cramer is watching ahead of that meantime, here are the futures right now. dow futures still up by about 65 points sd up by 17. stick around we'll be right back. never owned a business. there's nothing small about it. are your hours small? what about your reputation, is that small? when you own your own thing, it's huge. your partnerships, even bigger. with dell small business technology advisors you'll get the one-on-one partnership you need to grow your business. because the only one who decides how big your business can be, is you. the dell vostro 15 laptop, with 7th gen intel® core™ processors. when it might be time to buy or sell? with fidelity's rea

add the word blockchain and people think you will get enthusiastic response, but it's actually the oppositeow. andy, who are your investors? mostly high net worth individuals, family offices, hedge funds? >> when we talk about the investors, it's a huge swath of people, and it's challenging to characterize. everything from small retail investors that write $100 or $1000, all the way up to endowment's, cryptocurrency hedge funds. the majority of the monday -- money gets from hedge funds, but we see it way more from smaller retail investors that are excited to invest in token sales. bity: we talked a little about bitcoin as a store of value, and we spoke to the founders of stripe, who stopped accepting bitcoin as a payment method because it was so volatile. i and curious, are you more optimistic about some of the smaller cryptocurrencies, where some say it may have more potential to be used as a true payment method and a valid value? reporter: i think the odds are still stacked against them. certainly, there are other coins that in syria are better for payments, maybe they are designed to be

haidi: and we will be talking about blockchain and social media.ceo. it is a blogging and social network website that uses steam. it distributes and awards cryptocurrencies. you can upload videos about all sorts of things and even leaving quality comments i believe. betty: it is very interestingbetty:. we got the ceo and scott joining us. scott. it is a new form of facebook where you get paid to post for things. you get cryptocurrency dollars, but a lot about quality of that, also how sustainable is this is this model given the fact they are paying millions of dollars for people to post on this site. seen, no onehave seems to be short of breath when it comes to wanting to talk about the crypto markets or blockchain. miltonlly given that debate panel. that was heated. haidi: yeah, and privacy always the issue. plenty more to come on daybreak asia next. this is bloomberg. ♪ i erg. ♪ a.m. in hong kong. welcome to "daybreak: asia." politics making headlines. returning from beijing with little to show. u.s. aboutthe historic regret if it decides to pull

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this is the ibm blockchain, built for smarter business. built to run on the ibm cloud.is the ibm blockchain, built for smarter business. no one thought much of itm at all.l people said it just made a mess until exxonmobil scientists put it to the test. they thought someday it could become fuel and power our cars wouldn't that be cool? and that's why exxonmobil scientists think it's not small at all. energy lives here. we just switched to geico and got more. more? they've been saving folks money for over 75 years. a company you can trust. geico even helped us with homeowners insurance. more sounds great. gotta love more... right, honey? yeah! geico. expect great savings and a whole lot more. >> shannon: it's an amazing story about a man who potentially saved a bunch >> an amazing story about a man who saved a bunch of lives with quick thinking and steady aim. why haven't you heard about it? you hear about it. >> reporter: and 60, illinois, hometown of ronald reagan, matthew milby walking to school at 8:00 with a semi automatic rifle moving towards the gymnasium where sen

significance of hsbc completing the world's first commercially viable trade finance transaction using blockchains international edition we're introduced to an 11 year old girl from south—east london who says she looks at meghan markle and sees a version of herself, trying to find a place among its racial codes. so let's begin. with me is mark davies, chief executive at camberton. this story is on the front page of a lot of newspapers, but a different headline. we have the holmes talking about russian interference, we have the telegraphs talking about the need for cooperation post—brexit, and we have the independence and that one terrorist attack a month is thwarted. this is in a speech from the head of m15 that will happen today in berlin. i think that telegraphs have this right. the