officiant right so obviously when we talk about crypto right in order to truly be crypto you have to be anonymous or else you're not crypto you're just a digital currency so there are some crypto credit cards out there they're not actual credit cards and debit cards as we would know that what they are they actually are are prepaid cards so if you wanted to walgreen's you got a prepaid that's what it consists of there are a couple cards that have said that they're connected to visa but this is backed away from that because of know your customer laws so yet there's no true critic of the credit card absolutely bottom line. has seen a drop in its stock after releasing their safety report from last year the report reveals thousands of documented sexual assault cases archie correspondent natasha suite has more from los angeles. says it received more than $3000.00 reports of sexual assault across the us and $28.00 team but they're not the only ride sharing company on fire lift is in the middle of a lawsuit with 19 women claiming sexual assaults allegations you see them everywhere and the ri

crypto custody and crypto funds and regulated crypto instruments like many of the futures, the cme. that's going to be very interesting that these entrances instruments provide traditional players away to touch this crypto system. shery ahn: we have seen hong kong regulators approved digital banks. is this another trend we will continue to see growing 2020? -- grow in 2020? henri: the entry of virtual banks is an area to watch. what is more interesting on this topic is the battleground for virtual banks is happening in asia. you mentioned a spate of them approved by hong kong. we are seeing numerous initiatives from malaysia to singapore to thailand to korea. and especially this wave of virtual banks are not start ups, but tech players that have not only tech expertise they have they recognition but also have the trust and confidence of their users. this is something to watch, especially if they have deep pockets. paul: one of the things that you watch that i find interesting is the valuation of assets inside videogames. you raise the point this could be used for money laundering. a

well we have to remember that excerpt here is a different specific kind of crypto stop the crypto anybody dreamed of happening in 2009 when crypto 1st entered into the world but is a brilliant technology in the sense that it's a mediated technology it's proprietary technology and a lot of these sort of regular man on the street style in vespers and crypto are not interested in for that reason that doesn't mean it's going to change the world i think it's a extremely important technology because it's it's thriving off the failures of this and takes 1st system as you mentioned you know our legacy financial systems are incapable 'd of dealing with the new age of globalization so this is take as taken crypto to kind of kind of fill this market need. to make these beautiful things happen and i s.r.p. has been really valuable in that in that sense but as a token i think it's probably more valuables in its stability as a token then it is as. as a as a medium for. cross border payment systems that sort of thing yeah you know and this is a bit of surprise i don't think anybody expected this they're

dollar so is crypto the answer so much to get through today so let's get started. and we begin with an agreement on phase one of the u.s. trade deal which will prevent a new round of tariff set to take place on sunday the announcement was made by washington on friday and they confirmed by china though let's face it both sides are being pretty light on specifics and that's being kind there are so few details being given that the markets today frankly seemed confused so let's head to the wall to break down exactly what has been agreed to here because as i mentioned one of the few specifics here actually does come from president trump which states that both sides have agreed to quote a very large phase deal phase one deal with china adding that 25 percent tariffs on chinese imports would remain in place but that the 15 percent levies on other goods would be cut in half so here's what both sides actually said this morning listen. there's a very large deal that covers tremendous manufacturing farming a lot of rules regulations a lot of things are covered it's a phase on

currency you know crypto currency is not backed approved by anybody except maybe you in the 1930 s. . before the people could use anything for money they. could print their own money and people would take it so you could use anything but then the central bank in england which was the most important the world the bank of england said from now on if you use anything for money except our currency. it's an act of treason. treason may say but execute you so people stop using all these other things. i could bring in money. crypto we're smarter than the government and they are you are certainly smarter than the government but the government has the guns and the government says you're not going to use that stuff anymore you're not maybe you are but most people are going to stop because they know that guns are being hanged for treason is not a good experience i think that's a very fair point that right now money is just primarily backed by military might but in certain countries right now such as south africa some other very well countries where there is huge amount of political instability

zimbabwe the governments have banned foreign currencies and made it extremely difficult to obtain crypto currency as well unfortunately if nothing is done to resolve this hyperinflation will ultimately result in the transfer of wealth of citizens to the government. struggles really highlight the need for big point or a different alternative the centralized currency in the country as a citizens have been disappointed time and time again for putting their trust in the government now to give us more we bring in eric wade editor of the capital so despite being down from the record highs of december 27th teen large cap still had a great year with bitcoin up almost 110 percent year to date meanwhile the s. and p. year to date is only up 26 percent so given these results why are so many asset managers and wealth managers in the us now still claim that kryptos is not a real asset and is not a sound investment. well i think that the big thing that holds a lot of people back is just the volatility and the. investors have come to understand extremely high volatility is just part and parcel with thi

yeah absolutely zimbabwe's a great example but part of the problem with that would be crypto currencies come with a lot of technologies that work together and decentralization is just one of them and i think there's a lot of central banks that are that are tempted to maybe cafeteria plan this right to just pick and choose where we want this aspect of crypto the fast transactions and the low fees but we don't necessarily want decentralization which means that we're not in charge and you can't really expect to get the benefits and the results of a well run decentralized cryptocurrency if you don't bring that decentralization with you when you adopt it doesn't make any sense at all. now let's look at china china is also facing some problems with inflation they're going to start trying to test out their digital r. and b. this year when inflation hits a record 7 year high of 4 and a half percent so china has been confronted with multiple trials and challenges amid this ongoing trade war with the u.s. and now in order to counteract those problems china's central bank decided to pump into the

facebook's idea isn't necessarily new evil it's using crypto currencies like bitcoin have been around for years they encrypt transactions with block same technology which makes them particularly safe . crypto currencies only exist digitally and are not regulated by any bank the most well known ones are bitcoin and. the term comes from the greek word crypto meaning secret or hidden it points toward the cryptographic encryption used for all components of the currency system. this technology is much safer than usual encryptions all information from balance a transaction is secured in a block chain meaning in a cryptographically encrypted protocol this way user data is stored safely. depending on the type of currencies some of them are fully anonymous and nobody can see your payment history and that is a much more secure way of maintaining anonymity and payments. could potentially be as secure or more secure than cash. but this anonymity only comes with specific crypto currency so the advantages of digital wallets are they're easy to use they allow for quick transactions with a high level

right volatility is clearly an issue with crypto whether you're all in on crypto or not we all understand that but when you look at a country like zimbabwe i mean they're in a position where volatility is the result of central play that it's the result of what government is doing there and this is now multiple times of the government has decimated the savings of the currency that belong to the citizenry doesn't. stand as a great example of where the. currency controlled by the people it couldn't do worse could it and that's what how to. yeah absolutely zimbabwe is a great example but part of the problem with that would be. currencies come with a lot of technologies that work together and decentralization is just one of them and i think there's a lot of central banks that are that are tempted to maybe cafeteria plan this right to just pick and choose where we want this aspect of crypto the fast transactions and the low fees but we don't necessarily want decentralization which means that we're not in charge and you can't really expect to get the benefits and the results of a well run decent

this is his plan this was his vision this was his mission, crypto anarchy.as a description of the master plan that he argued was logically inevitable with the spread of strong encryption the spread of anonymous digital cash with power new off the books global black markets anonymous markets, synonymous markets and information networks and money laundering schemes which would ultimately lead as the end of the list implies to the collapse of the nationstate. the collapse of government. that's the second why of why build digital cash.not just to transact dollars and privacy but to adopt new currencies that would pull their users steadily out of a relationship with their own governments may his work was a direct influence on julian assange and russ all brought Ãba pretty interesting batting average for a retired intel engineer posting manifestoes on usenet. but this why of creating digital cash raised another hell. if the currency is not being managed, however indirectly by central banks, and produced by mix, then how much currency should be produced? who decide

and these are smart contract type crypto blah change projects do you guys pick of those enterprises of those of those just projects which are better or do you are you. take any of them are any of them doing better than others you know so that it's built on the serial because this time we started it was the largest. this mark on that farm bought so there's no you can work in any other so because the thing is that what we need for this to work correctly is that there are siemens i mean at the in the in agreement in the contract so no one can damper with the jury selection i'm the one contender with the evidence so it's nice here but could potentially working in the older books right ok that's immutability s.k. and so these contracts have global contracts as a global world out there are people doing business all over the world and to have that kind of internet. well exposure is quite expensive for the average person but with a lot jane the cost comes down and credibly down to almost a gig economy levels where people are just putting up a few paces surreally and they can engineer a smart c

currencies crypto currencies are all going to 0 in the end in my view but some people are rushing to them no. fun but there in my view i rather own gold and silver because it thousands of years. who buy gold and silver when things go wrong so actually i have a different opinion i do believe that. gold and that is the way of the future good coin is the one bitcoin is digital gold the correlation right now between bitcoin and actual physical gold has tripled in this past year especially now you see. me on board and you see the central government such as sea diving into currency and trying to put the yen on the digital ledger i believe the singapore government is actually looking into that as well so why do you think that. what you are trying these money is on the all money is going to be on the computer there's no question about that yeah if i was in beijing the other day trying to buy an ice cream poor woman couldn't sell me i had money remember that it had to be done this year david i wish obama were say something money is going to be on the puter it already is in places but that's d

ready for a crypto spring.: i like that. but you know what? it's very rare that anyone from the federal reserve agrees with president trump and it's rare that anybody agrees with xi, all three of them. but you've got obviously jay powell of the fed, president trump, lyle brainard, a federal reserve governor, warning of dangers of this digital currency and xi calls it a ponzi scheme. >> a lot of government officials see it as a threat because in some sense, it is challenging monetary dominance of certain state-sponsored currencies. that's why you see different countries from china to the u.s. evaluating state digital currencies as a challenge to existing ones in the space. liz: before we go, can you give me a prediction on where bitcoin might go in 2020? >> i think there's a very good chance bitcoin surpasses all time high in 2020. liz: come on. that would be $20,000. $19,000. you say it will be better than that? >> i think there's a chance it gets there. liz: we will bring you back. make sure you're right or wr

list and so this is where you're suffering a nation right is it going to jump out of the crypto world into the other non trip to world i mean you know you talk about juries and jury selection is something that is extremely arduous it's time consuming is there a way to streamline that process and put on the block chain speed up justice absolutely so good it's not intended to it replace traditional justice systems which are like more complex it's not for criminals but you know for end of commercial disputes on corporate disputes this can provide much faster and much simpler it is better solution process if you are running a business in the mainstream world for good crypto and you have to spend this too it's a new don't want to go to war for years if you could have a private system which already exists but doesn't like the next faster and cheaper so that's that's what the what we're missing right so typically and business as a start ups there's a there's always a lag time you know you send out the invoice and then you know you wait for the money to come in and. a lot of times businesses

distinction and more importantly why are they choosing digital over crypto. so with a central bank digital currency they are looking to maintain control of it and maintain the tools that central banks have at their disposal and so essential bank would likely actually issue using a private block chain not a public meaning regular citizens like you or i wouldn't be able to see the public ledger having said that we would expect that these would have increased transparency internally to parties and would help to lower things like counterfeit or any sorts of issues that might arise for a private block change they do need to have much higher throughput on transactions and compared to public block chains they do offer that as a reference point you could look at pay in china on singles day a couple of years ago they process $256000.00 transactions per 2nd and so if you were to actually have a financial system with a block chain layer we would need to at least have that sort of throughput for it to be viable in most countries. now we're running short on time so i do w

or high levels of inflation in those countries you actually see them naturally gravitate towards crypto currencies as earlier adopters and they've actually already been able to adopt it from the perspective of spending saving receiving and sending. only in friends and so this is something that's quite key that probably doesn't actually get solved with a central bank digital currency if there's a lack of trust in the institutions but where there is trust a central bank digital currency does make. now if we're looking at the surface level of this we notice that central banks are looking at quote digital currency is rather than quote crypto currency now this is a big distinction that our friends christiane ben swan bring up regularly but only can you clear up that distinction and more importantly why are they choosing digital over crypto. so with a central bank digital currency they are looking to maintain control of it and maintain the tools that central banks have at their disposal and so essential bank would likely actually issue using a private not a public meaning regular citizens lik

the impact from the stock straight ahead plus ripple makes a splash the jaw dropping valuation that crypto company locked in thanks for get going. and check out the mystery chart, sitting out the dow on the unending run but chart manafort carter worth thinks it's about to change. what is is the chart send in your guess we start with you guess to do new records. more records on wall street. stocks really in uncharted territory nearly every single day now. the s&p 500 closing out the best week since early september and fun fact, today was the biggest volume day of the year. >> stop. >> quad ruple but things can be scary at the top accounts are going up. and the question you ask yourself and us, how do i position myself as we enter the final trading days of the year and next year when guy it's not just about this year it's been a heck of a eight, nine-year run. a lot of people thinking do i need to protect myself a bit on our portfolio has done well. >> hi, brian. >> tim. >> how are you somebody sir, nice to see you. >> i think for a long time earlier in the decade they bought protection appe

it hates crypto. something.you and then there is a common sense level. people are creeped out and this is why. we should label it accurately. >> [inaudible] >> what does a hopeful, great america look like? what can we look forward to? what are your hopes the next 24 months? mr. thiel: i certainly hope the country has more of a future than 24 months. [laughter] my hopes are we find a way back to a more intensive growth. sort of the focus on dividedation, we have the world into developing and developed countries. developing countries are converging with the developed world. developed world's are saying, the future is just not going to look different than the present. it's an internal groundhog day. logjam breaking that would be good. there will be differences from the present. we've had progress around tech and i.t. around the world of bits. us,iphone, that distract distract us from how old and unchanging our environment is. you are on a subway that is 100 years old. i think a healthier form of progress would happen on many fronts. we can debate why that h

men as well and president nicolas maduro is planning to airdrop the national crypto currency to everyone in the country as part of the holiday bonus men as well has government control of digital currency called the petro and men as well and citizens can all be airdropped happy petro which is worth about $30.00 and in order to be eligible citizens will 1st have to sign up to the petro app so in short this is clearly a way of encouraging more venezuelans to download the government crypto wallet and to accept the government currency on the other hand the petrel app can then be used to exchange to other actual crypto currencies so in theory citizens could accept the petro and then exchange it for a big one like one or even dash. and while petros be basically given away for free in order to incentivize users other all coins around the world have fared better the center for information and industry development in china released its 15th update of its crypto project rankings where it evaluated them based on basic tech application and innovation eos topped the list followed by a theory i'm tryin

the term comes from the greek word crypto meaning secret or hidden it points toward the cryptographic encryption used for all components of the currency system. this technology is much safer than usual encryptions all information from balance a transaction is secured in a block chain meaning in a cryptographically encrypted protocol this way user data is stored safely. depending on the type of currency some of them are fully anonymous and nobody can see your payment history and that is a much more secure way of maintaining anonymity and payments. could potentially be as secure and more secure than cash. but this anonymity only comes with specific cryptocurrency the advantages of digital wallets are easy to use they allow for quick transactions with a high level of security at least when you follow basic data protection guidelines one big disadvantage is the sensitive data you leave behind when you pay how much money i spend on water and when is very interesting to businesses and they're willing to pay huge amounts to know what's it like for you wish you well as to you you and why. tha

it hates crypto. that tells you -- i think tells you something. and then i think -- i think there is a common sense level on which it is. this is what people are creeped out about and this is why. we should label it accurately. >> what does a hopeful, great america look like? what can we look forward to? what are your hopes for the next 24 months? peter: well, i certainly hope that the country has more of a future than just 24 months. [laughter] but i think that my hopes are that we find a way back to more intensive growth. sort of the focus on globalization has been -- we sort of divided the world into developing and developed countries, and developing countries are the ones converging with the developed world. developed countries are ones where we are saying the future is just not going to look different from the present. it's sort of an eternal groundhog day. i think somehow breaking that logjam would be good. there will be a future again. things will be different from the present. we have had progress around ech, around i.t. but the i-phone di

lets look at bitcoin, the crypto falling this we can.ajor bitcoin bull says it might be ready for a big time breakout long-term venture kpap i will tim draper doubling down today that bitcoin price cost hit $250,000 each in the next two years. brian kelly at the plays it ma i have to be honest when we talked about earlier today i said i don't know if we should talk about it. because i felt it was so bold it's almost irresponsible. but he is well-known he is not saying anything he doesn't believe. we did this. i mean, is there anything you see that could make this bizarreo prediction happen. >> you know, it sounds bizarreo but won be out of the realm of what bitcoin has done in the past that's why i wanted to bring up the chart. this is not my call. the chart we have here is a long chart of bitcoin since 130u7 as carter worth would say, the lines draw themselves. but you have this channel back to 2013 and trading nicely in that look at this if you go out here to the top of the channel here, that's about 200,000, 250,000 so bitcoin just st

we will introduce you to lolly, the site that lets you cash in on the crypto craze. with the dow up 208 points, less than an hour to the closing bell, let's start the claman countdown. impeachment hearings regarding president trump have just resumed after the house judiciary committee took a break. we've got this breaking news of course. it's developing on your screen on capitol hill. the inquiry of course started after 10:00 a.m. this morning with constitutional experts testifying all throughout the day. the hearing is scheduled to last a few more hours. what we're going to do is keep dipping in and keep you updated on any major developments. if they start to move the markets, at the moment, doesn't appear that the markets are getting dinged at all. in the meantime, ironically, a year ago, december, google ceo found himself in front of the very same committee testifying about political bias and data privacy. well, now he's waking up to his first day elevated to the very top job at parent company alphabet. he will probably doing plenty more testifying throughout the