their different types of cryptocurrency. the cryptocurrencies we mentioned our virtual money that are exchange online. cryptocurrencies derive their value from being scarce. supporters say they are safe havens. than there's organizations like facebook. it's planning to launch digital pay later this year. than there are governments were looking at creating their own digital currencies. electronic cash that can be used, instead of bank loans checks and credit cards. let me go to london. it is all about trust and the galley of cryptocurrency being a form of money. just to give an example, everyone at home can think of, when you buy a house. and my want to purchase a house in the u.k., when it comes to the bank asking me where my money come from's, they have to do due diligence, as does the lawyer who is organizing the paperwork around the house. they want to see where the money has come from and how long it is sitting in my bank, before they can say yes, it is not part of money laundering. that is where the problem lies, the se

cryptocurrency is no exception. as we have seen from the huge consumer demand for these innovative assets backed by technology that is permissionless, open and private, cryptocurrency allows people to transact with each other in realtime across borders for very little cost in a way that is so transparent and verifiable that it maintains more trust, actually more trust, than traditional financial transactions with a third party intermediary. most importantly cryptocurrency and block chain technology unlock access to opportunity. the open source nature of these technologies offer millions of americans the opportunity to study the underlying code, develop block chain projects and launch their own businesses all without having to ask anyone for permission. that's an incredible opportunity. over the last few years i've been fortunate to meet with many great crypto and block chain innovators, the common refrain is so they so badly want to develop their block chain ideas in the united states but they don't because of conti

that is where cryptocurrencies come in. with bitcoin or with these stable coins, you don't have to trust anyone to process your payments because there is this peer to peer network of people all over the world who work together and we don't have to trust any one of them to process the payments. if one of them decides i don't want to process the payment, that slack will get picked up by the next person or the next person. there are thousands of people who run these networks collaboratively on the internet. it is a censorship resistant and free and open payment tool that can be good for protecting your privacy and your economic autonomy because you cannot be cut off from this system at the whim of a totalitarian state or an oppressive corporation. host: how does venmo fit into all of this? guest: as long as venmo likes you, you will be able to make all of the payments you want using venmo. if you are paying for a protest in belarus, you will be cut off from venmo over the financial system. venmo did not do this specifically, b

introducing its own cryptocurrency it already has.t's coming up right now around the chinese communist party's 100th anniversary in july. and once that happens, and people start to look at the fundamentals of bitcoin, we are going to start to see a rally again. and what i thought was particularly interesting about what's going on in china is that , we are not talking about their concern over the carbon footprint. we are talking about their concern overall about the introduction of their of territory him -- authoritarian regime of bitcoin. the fundamental still continue to look good, see more companies adopting bitcoin, there has been a chart about the number of wallets that are happening internationally, which continues to rise, as mike novavax has pointed out. we continue to see institutional adoption of bitcoin in an unprecedented amount. they were very active as they mentioned money markets. we are seeing ria's, we are seeing insurance companies. everybody is very interested in this asset class. we still have a ethereum, it's a --

let's go back to cryptocurrency. it is not all about bitcoin. ethereum has done remarkably well, been more resistant. litecoin also making moves tuesday. emily: we are going to talk about this a lot more. bloomberg caught up with the ceo of one of the world's largest crypto exchanges at the qatar economic forum. he talked about bitcoin's big drop. >> we don't know what is causing it. there is a lot of news going on right now, positive and negative. from our perspective, we just see people placing orders. if we come back to like a year ago, the markets are still 10x bigger, 10x more active, etc. we think they are still healthy markets. emily: i want to bring in the chief market strategist at miller taebaek, and valkyrie. i want to start with you. it seems like the ceo of binance had no idea why this is happening. why did it get so low today, then bounce back, and where does it go next? >> part of this move. again, i am a long-term bull. but the big rally we saw initially from march until may of this year -- sorry, march of last year until may of

it has increased skepticism around cryptocurrency itself. not that cryptocurrency is to blame. how do you expect the pending legislation to impact your business? zach: i expect it to be positive. it enables companies to continue innovating. it enables consumers and investors to participate with the utmost confidence. and from the early days, blockifi, we use cryptocurrency as a collateral. that is one area where we work hand-in-hand with state, federal, and enforcement agencies to help facilitate education and create structures that work for this industry, just like the structures for traditional financial markets. emily: you launched a new institutional investor platform that clients were asking for. this background has a lot of volatility. how many of the customers are making money? how many are losing money? and how much? zach: on average, our customers do very well. on the retail side of blockifi's platform, the average retail balance for a client that held assets was $10,000, and today it is $15,000. -- $50,000. that is folks getting comfortable in depositing more funds, b

last year cryptocurrency payments quadrupled.l a task force of microsoft, the fbi, the secret service and others delivered recommendations to the white house on the threat. on the irsssue of prohibiting t payments they're split at a certain point it makes more sense to just pay the ransom rather than hemorrhaging cash due to paralyzed operations. >> fascinating, troubling. points out monero. i wonder if that's where the burden will fall for a way to say we don't mind the public blockchain. anonymous, different story. >> that's where we talked a few moments ago of other forms of crypto that may turn out to be more appealing to the bad guys. >> yes. >> around the world. as we continue here, up next, coinbase is partnering with a 401(k) provider called for us to for investments for your retirement jos ceo of for us all inus all after the break. we're not as far from our goals as it may appear. ♪ because things are coming back. ♪ making now, the time to move forward. ♪ at u.s. bank, our goal is getting you to where you really want to

in exactly the same — cryptocurrencies? in exactly the same way _ cryptocurrencies?cer research. that is probably the best answer i have had all day. really interesting. do you see any future for cryptocurrency here, or is this just a bubble about to burst? bill about to burst? all hypothetical - about to burst? fill hypothetical reasons it could work well. it does have a very small payment use case. but mostly it is used by speculators and crooks, which is unfortunate, because criminals also use the us dollar a lot, but us dollars have other uses. when your main use cases are crying and speculation at best you have to have a better story than that, otherwise the authorities look at you very adversely. fiic at you very adversely. ok. david, i — at you very adversely. ok. david, i could _ at you very adversely. ok. david, i could talk- at you very adversely. ok. david, i could talk to - at you very adversely. ok. david, i could talk to you i at you very adversely. ok. l david, i could talk to you for another half hour, but unfortunately we have other bits and pieces to

one man's mission is to change that with cryptocurrency. in simon chamorro who is the head of valiu. adoption and the way cryptocurrency is viewed in latin america, it is different than outside of latin america. it has a lot to do with its history with fiat currency. maybe you can paint a picture of what the adoption and attitudes are like right now. it is obviously a brought on today. you focus on venezuela. just some high-level thoughts there. simon: in adoption, when we look at latin america, the markets are traditionally used as sources of information for a lot of people. you also have the traditional exchanges and what is interesting, but different from the u.s. is that the adoption of crypto happens two ways. for training that helps move money around, it is widely used for turning fiat into u.s. dollars and moving money into the united states through crypto. it is also used for an upcoming middle-class that is subject to volatility, depreciation, in countries like argentina and venezuela and people naturally want solutions. people wan

rights to a cryptocurrency firm.itcoin atms around miami. the miami mayor is a huge proponent of cryptocurrency. the other thing, joumanna, that stood out from the conference, the comments from jack dorsey. now he was a headline speaker there. he had some incredibly bullish words about bitcoin. the reason they stand out so much is because of the role social media has played in pop pop popularizing bitcoin if you have the support of jack dorsey behind you, it has to be a tailwind whatever i can do and may companies can do to make it more accessible to everyone he is throwing the full weight behind it. that puts pressure on regulators if they want to take more measures to regulate the market. >> a good point. at the end of the day, it sounds incestous. the ceo of twitter is jack dorsey whatever we can do to help grow the community and also simultaneously invest in bitcoin does sound suspect it is something for regulators you know, at the end of the day, this does, again, underline how much enthusiasm there is in the pr

i think one of the advantages that cryptocurrency offers to law enforcement is that i mutable chain of transactions. the challenge has been then attributing that transaction to an individual and the ability to actually trace funds to a specific account and then go in and seize those funds is a step towards that attribution and again, combining that with other techniques and other ways of trying to identify the owner of the account is what's really promising. >> all right. suzanne spalding, thank you for your time. i'll ask you to stick around as we continue to track that press conference. when it does happen in a few minutes we'll come back to continue this conversation. meanwhile, we do want to go back to our coverage of vice president kamala harris' trip to central america and joining us now is nbc correspondent kerry sanders who is there on the ground in guatemala city, and yamiche alcindor, and political analyst. the message she is sending today while on the ground in guatemala, tell us about that and how it was received there. >> well, there were several messages that happened, fi

emily: in a ransomware attack, paid in cryptocurrency or not?- how common is it to get the money back, whether paid in cryptocurrency or not? alexis: it is not frequent and very rarely publicly known. in fact, the payment on the ransom's themselves are very rarely known. in this instance, amazing work was done by the fbi, the department of justice and they were able to catch the bitcoin as they were moving to trade into a wallet. how they held the private keys, it is still unknown. it is still to be seen. emily: this ransom being paid in crypto, how does that change the equation. i know there are concerns about bitcoin and crypto transactions being anonymous but clearly this proves they are not untraceable. alexis: absolutely. in cryptocurrency, there's different shapes and sizes and not all crypto assets are identical. bitcoin in particular, we are operating an public ledger, public blockchain. anyone with an internet connection can see what transactions are going on. what we do at the lipstick is help -- that elliptic, the focus of our researc

this goes beyond just helping people by cryptocurrencies.is a broad, comprehensive approach to enabling payments to cryptocurrency and taking the friction out of it. emily: appreciate that update. i will let you go. we are having a little trouble hearing you. the cfo, thank you for giving us an update on your crypto updates. coming up, 23andme out with a new finding that a person's age and gender can increase the likelihood of them losing their taste and smell, of course, one of the major symptoms of covid-19. ceo anne wojcicki joins us next. the bezos brothers are teaming up for a trip into space. when can we expect the launch and who is mark bezos? this is bloomberg. ♪ (announcer) do you want to reduce stress? shed pounds? do you want to flatten your stomach? do all that and more in just 10 minutes a day with aerotrainer, the total body fitness solution that uses its revolutionary ergonomic design to help you to maintain comfortable, correct form. that means better results in less time. you can do an uncomfortable, old-fashioned crunch or

it is about trading bitcoin and cryptocurrency.ear, we see many players entering the game, but i have to say, it might be a little bit of the internet, you had these old media companies and the peer players coming in, and you are seeing that moving. the new kids in town are pretty good. you have those peer players like coinbase and the rest that are doing a great job at becoming big companies fast. to a certain extent, that's the trajectory we want to have at ledger. sorry, go. joe: i wanted to ask you something about the changing nature of crypto. when i think of a ledger wallets, i think of someone putting coins in their wallets, burying it in a safe and never touching it. a lot of these require connection from the wallet to the web. does that change how you think about the security model? pascal: not at all. the security model has to work, whatever you do with it. there is a difference between ledger just being a safe and to being a connected safe. what ledger is trying to do hardware wise is exactly what the iphone did to the p

but again central banks and authorities are looking at cryptocurrencies more widely.also concern about whether private investors could be defrauded and again it comes back to the uk regulators�*s prime concern which is custom outcomes and with the private investors get a fair lick of the financial markets now or will be treated and lose their money.- markets now or will be treated and lose their money. what do ou and lose their money. what do you think _ and lose their money. what do you think this _ and lose their money. what do you think this means _ and lose their money. what do you think this means for - you think this means for cryptocurrencies going forward? i think the next big step that people are looking for is how active central bank debt. you see americans, bank of england as well saying we do not think they are worth anything or hard to value and the next step i think people are looking for is the central bank backed digital currencies, is clearly something that is in chain and the feeling there seems to be they will be account based rather than token —bas

this is one of the concerns about cryptocurrency.uivalent to be able to set you can be private nearly all of the time, but not so much you've created a haven for criminals. alix: that was bloomberg's joe weisenthal speaking with senator elizabeth warren. for more we want to bring in bloomberg's eddie van der walt. the news over the last few hours is the committee on banking supervision says the banking committee faces increased risk and they will face capital requirements higher if they want up holding bitcoin. is this good or is this bad? eddie: it was funny because you read the piece that came out and you read the full guidance and it sounds like a warning. yet cryptocurrency ticks higher the moment it hit the wires. the moment we see regulation in the space, you tell the banks you can hold cryptocurrency but you can only hold that much, there will be some banks that will see this as agreed like to say ok i can hold up to that much. that is just the way of human nature. in the long term, cryptocurrencies need regulation. they need

this is one of the concerns about cryptocurrencies.re is no equivalent to be able to say, ok, you can be private nearly all the time, but not so much that you have created a haven for the criminals. joe: just want to remind viewers and listeners, we are speaking with democratic senator elizabeth warren of massachusetts. senator warren, another theme that runs through all of this -- a lot of talk in progressive and conservative circles, frankly, on corporate power and particularly tech corporate power and the power of the big four, apple and facebook. one of the things about digital currencies is they are these decentralized networks. do you think this is something that should be potentially -- you could be enthusiastic about, the idea of digital decentralized networks that are not necessarily under the control of any one company? sen. warren: wow, you took a turn i do not expect you to take there. i thought you were going to go in the other direction. does it make you at all nervous that amazon and apple is collecting an incredible amo

according tie ro a report the favorite cryptocurrency is bitcoin.aceable bitcoin alternatives cnbc reporter mckenzie joins us. good morning why are cyber criminals ditching bitcoin? it was a popular mode of transferring value for the last several years. >> reporter: good morning, dom one of the core features of bitcoin is the public ledger stores all of the transactions and is visible to everyone this is the reason hackers are turning to monero. it is considered a privacy token. it hides all transaction details which allows cyber criminals greater freedom from the tracking tools that authorities have developed to trace payments on bitcoin block chain >> now, we're looking at the monero anonymous cryptocurrency it has features to protect the identity does it mean that we're in a tipping point for monero i follow cryptocurrency somewhat i'm not an enthusiast. i never heard of monero. is this about to take on the ransom side of things more will they request criminals monero instead of bitcoin? i don't feel it has the same brand awareness that many of t

this is one of the concerns about cryptocurrency.ble to say ok, you can be private nearly all the time, but not so much that you have created a haven for the criminals. shery: democratic senator elizabeth warren speaking to joe weisenthal. tune into bloomberg radio to hear more and get in-depth analysis from the deborah team, broadcasting live from our studio and hong kong -- in hong kong. plenty more ahead. stay with us. ♪ haidi: a quick check of the lives headlines. grubhub postponed their anticipated spac as they wait for a financial audit. they are lovely this company to be affected by intensified scrutiny from u.s. regulators. it's set to be one of the largest-ever mergers with a blank check company that has been expected in the third quarter. global foundries has added four more banks to work on its ipo which could value it at about $30 billion. j.p. morgan and bank of america have been hired to help take the business public, alongside morgan stanley, while citigroup and credit suisse has been given more junior roles. interacti

you know, the kind of currency and cryptocurrency central banks are proposing are not the same they same issues in a different format whether that is pounds, dollars or yuan. bitcoin has its own value. it is not coming from the central bank the central bank digital currency is a different kind of the same currency in the same way we have digital money. we have increasing notes and coins and this is just a way of representing that same unit of value. i do see it as, you know, a different trend based on similar technology i don't necessarily see that impacting on people's desire to hold crypto assets >> thank you so much for joining us this morning. financial analyst from aj bell >>> singapore's ecommerce sector is projected to be worth $5.4 billion by 2025. in the first part of a week long special, we look at how ecommerce is playing out in the city state christine tan has more >> reporter: when it comes to ecommerce, sing mapore is a tin state with global ambition a lot to play for as online retail is a multibillion dollar se sector the pandemic have propelled the e-boom, but there

lipstick tracks cryptocurrency, especially as it relates to financial crime. you have been looking at this incident in particular. how exactly did the u.s. government get this bitcoin back? >> it is a very interesting topic. we are in the business of tracking the blockchain. what we have seen here unfortunately is just another event in ransomware. some work -- some keywords in order to label the addresses used by the darkside ransom team on the colonial pipeline. this information ultimately led to law enforcement being able to trace the funds into bitcoin's blockchain and ultimately identify which wallets were used. emily: in a ransomware attack, how common is it to get the money back, whether paid in cryptocurrency or not? >> it is not frequent and very rarely publicly known. in fact, the payment on the ransoms that sells are very rarely publicly known. in this instance, amazing work was done by the fbi, the department of justice, able to catch the bitcoin as they were moving to trade into a wallet. whether we will find out remains to be seen. emily: so, does

this goes beyond just helping people by cryptocurrencies.is a broad, comprehensive approach to enabling payments and taking the friction out of it. emily: appreciate that update. i will let you know. -- i will let you go. we are having a little trouble hearing you. congratulations on the crypto efforts and that new partnership with goldman sachs. coming up, 23andme out with a new finding that a person's age and gender can increase the likelihood of them losing their taste and smell, of course, one of the major symptoms of covid-19. ceo anne wojcicki joins us next. the bezos brothers are teaming up for a trip into space. when can we expect the launch and who is mark bezos? this is bloomberg. ♪ [ sigh ] not gonna happen. that's it. i'm calling kohler about their walk-in bath. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. ♪ ♪ the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60%

members of the new cryptocurrency stop elon say musk has far too much power over the cryptocurrency market. his praise of the joke currency doge coin led to that currency's rise. his announcement that tesla would no longer accept bitcoin sent the price down 10%. the goal of their new cryptocurrency movement is to take on musk from inside his own company. >> plan to take over tesla over the next couple years essentially. our plan is to purchase as many shares of tesla as we can through this cryptocurrency movement and also to put together a sort of voting trust, which will allow other people to purchase in doing that. >> the group also has a mission of getting musk off of twitter, stop elon is one of at least two cryptocurrency tokens to be created solely to protest musk's market influence. >>> san jose police department still looking for a fwrm missing for more than a week now. take a look at this. surveillance photo. police say it shows 84-year-old jean chang ken fung back on may 28th. that's the day she disappeared. they believe she is likely still dressed in the very same clothing here,

on the other hand, think about the key feature cryptocurrency, of a cryptocurrency, and that is secrecy is pretty clear right now that that secrecy really is helpful for drug dealers and for crypto warriors who are hacking into systems around the world and demanding ransom, because it is a secret way to make payment. the united states has dealt with this traditionally by saying that what happens in checking accounts is secret until someone goes before a judge and gets an order to be able to look at a checking account. that means the checking accounts are not a great place to transfer money between drug dealers, they are not great ways to collect ransom. this is one of the concerns about cryptocurrency. there is no equivalent to be able to say, ok, you can be private nearly all the time, but not so much that you have created a haven for the criminals. joe: just want to remind viewers and listeners, we are speaking with democratic senator elizabeth warren of massachusetts. senator warren, another theme that runs through all of this -- of course, a lot of talk actually in progressive and c

. >> next, a member of the federal reserve board discusses cryptocurrency at a conference hosted by coindesk. this is just under half an hour. >> yes, it is my great pleasure to introduce doctor lael brainard, really does not require much of an introduction. doctor brainard is of course a member of the federal reserve's board of governors and she's been in that role since 2014 and before that, she was another an undersecretary of u.s. department of the treasury. she has had a host of experiences on the international and domestic stage and we are thrilled to have you join us, doctor brainard. why don't i just hand over to you, really looking forward to what you have to say. >> i'm delighted to be here. thank you to coindesk for inviting me to join you here. technology is driving dramatic change in the u.s. payment system. we saw the pandemic accelerating the migrations of contactless transactions and highlighting the importance of access to safe, timely, and low-cost payments for all. with technology platforms introducing digital private money into the u.s. payment system and foreign authorit

she was making the argument that cryptocurrency is used -- a tiny portion of cryptocurrency is used for have used briefcases of cash? >> no. no when you talk to law enforcement about this, they say that this ransomware scourge could not be happening if it was not for cryptocurrency cryptocurrency has lots and lots of great uses and it's a wonderful innovation but there is this subset that's being used to fuel ransomware leempt says ransomware would not exist because of this because this makes it seamless otherwise you have people in helicopters dropping duffle bags of cash and the logistics are so much more difficult and complicated. this is a much smaller problem if it wasn't for crypto. >> thanks for your honest and factual answer, eamon. >> thanks. i try for that. >>> our next guest will be on capitol hill congressman john katko is the ranking member of the homeland security committee and, congressman, we know the colonial ceo will be ahead of you facing questions from you this morning i guess the first is, all the pressure he's getting about paying the ransom. i know that the govern

. >> i want to ask you about cryptocurrencies. could cryptocurrency become a threat to the dollar or even to central banking >> i don't think that's very likely. ultimately, you know, cryptocurrencies transactions take 100 times as long as transactions with your visa credit card to clear. cryptocurrencies have very high volatility. that's part of what attracts people to them. but i don't think in the foreseeable future they're going to be a threat to the dollar's role in the international financial system. they may be a meaningful diversification asset for many investors. i think the blockchain is going be a fundamental innovation that's going to permit a great deal more exchge. but, ultimately, i think the strength of the dollar rests on the credibility of u.s. macroeconomic policy and the integrity of u.s. markets. and that's where we need to focus if we're worried about the dollar. i do think that we have to make sure that cryptocurrency succeeds when it sceeds because it's meeting genuine needs for people in the financial syst

cryptocurrency is 24/7.m i getting charged fees because i go a little over my account when i have direct deposit with you? why is my money not available as soon as you get access to it? we enabled two day early paycheck on sofi money if you do direct deposit with us. it is invaluable to days early. we have to put our members' interests first. it is a simple axiom. it has proved to serve companies over time. lawmakers should focus on fees and ask these tough questions. emily: you are in partnership with a company, and i am curious how valuable that partnership has been to you. if you look over the long-term, its share are underperforming on the market. how much advice is he giving you on a daily basis? anthony: he has been a phenomenal partner, as has social capital. they raised a spac with $805 million. along the way, we were offered opportunities to combine that with merging into a public company. his team provides us strategic opportunities that are beyond the spac. his company is called social capital, ou

portfolio is pretty committed to cryptocurrency.voyager token as far as voyager paying me in crypto, i think that's a reflection of where i think this market is headed and what i'm willing to do. >> steve, let's talk a little bit about your relationship with landon and why it's of value to your company and to the marketplace that nascar appeals to but i'm also said that you said a new coin, shibu inu, this is a new one. why is it popular and is it in the famous words of elon musk, a hustle >> thanks for having us here today. look, landon and i met a couple of years ago when you choose someone to partner with when you're doing sponsorship, i wanted someone that i valued, that valued cryptocurrency and really brings value and has a big community too because i think the things people forget about crypto is crypto is all about community. between landon, nascar and the community, it's a great opportunity for voyager to participate in this. when it comes to shiba, we brought it on the platform yesterday. we're really excited about the opp

as has the conversation, liz, around cryptocurrencies. i think the deterioration in price across bitcoin and those other major coins is giving investors pause, they are looking for alternatives, they are looking for actually how bitcoin works they want to figure out finally how did this whole thing work and how are these things priced because price is very hard to put your finger on when it comes to cryptocurrencies. liz: caleb, can we put up the vix, the volatility index, guys, we are so low. we are historically very complacent, if you look at this fear index. it's down 3% today, at 16. where, if you're seeing this perkolating anxiety, where is that reflected? if not the vix. >> sure. typically, the anxiety index precedes the vix, because folks come to look things up, trying to learn about the dynamics of the market and then they will go do something in the market and i'm not saying that vix is going to spike like crazy because there's anxiety. there's anxiety because there's inflation everywhere and that's the topic everyone keeps speak

what is the need that cryptocurrencies fill.or to move money electronically. all of that could easily been done using transitional financial institutions and new interfaces like paypal or apple pay. but none of these could replace chateauing transactions that take place in the analog world where one person hands another a bag of cash. that transaction is inefficient but secret and largely untraceable. cryptocurrencies allow you to do something similar but digitally. no, this is not a matter of a private discrete payment, see a man would wants to book a hotel in paris for a weekend without his wife knowing. there are plenty of ways for that to happen. prepaid credit cards and the like. but with the new digital transactions, the identity of people involved are secret even from financial institutions and from the government. but not so secret, it turns out. this week's news about the recovery of a ransom indicates the way forward. the justice department and fbi were able to track and recover most of the bitcoins paid by colonial pi

a lot of people have made good money in cryptocurrency.r of time for the traditional world. we will be conducting a cell in hong kong dollars here in hong kong but we will be offering either ethereum or bitcoin. it will be calculated in terms of either ethereum or bitcoin. it will be paying from that digital wallet into ours within 24 hours of the auction. shery: are you holding on to bitcoin or converting them? jonathan: it depends on the seller's wishes. [indiscernible] it will be passing into hong kong dollars after the sale. shery: is this a trend you see ongoing among asian buyers? are you seeing more interest in this? jonathan: it's very much dipping our toe in the water, it's the first time we've done this. we're starting with the work by banksy. as well as the power that can be drawn with cryptocurrency, beyond the control of any central government. haidi: is it an acquired taste? obviously banksy is an artist who wants to up in the status quo and subversive. this is not going to be to everyone's taste. jonathan: absolutely, and it

it underscored the influence he has on the cryptocurrency. we spoke about his seemingly on -- unlimited power to move crypto markets. >> if elon musk is this interested in crypto, it must be important. in short term, market payments -- market panics are not good for anybody. he cares about this enough to say something, and whether he is pushing markets up or down is probably good in the long term. in terms of the regulators, it depends on the back end, i hope he is not trading after he tweets, i hope he is not doing that for his own speed -- his own sake. but we are a country of free speech, and i am more focused on five years. emily: and of course, who knows? for more about whether elon musk is actually in the market, our guest joins us. also in miami. alex, what do you make of the comments about elon musk's influence? is that fair or does he perhaps have unhealthy power over the market? alex: i think it is great what he is doing, he is driving attention and clearly very influential. any eyeballs coming to bitcoin making them question money

emily: fcc commissioner hester peirce there on cryptocurrency.e will be looking at how the sec weighs in on crypto in coming weeks. coming up, disney taking you to learn with its highly anticipated beatles documentary. why the company is holding off on theaters and taking it straight to streaming. that is next. this is bloomberg. ♪ this is bloomberg. ♪ >> 2, 1, 0. ignition. and lift off. emily: another successful launch and planning for spacex falcon nine rocket. on board, a new gps navigation satellite for the u.s. military. this is the first time spacex has launched a national security mission with a reused rocket. meantime, hollywood is not quite sure movie theaters want to get back to that in-theater experience. so much so that disney is moving its highly anticipated documentary about the beatles from theaters to a streaming service. chris palmeri has all the details. this is a big one. why do you think they did this? chris: there's a couple things going on. one is it is pretty clear we have a lot of stories about movie theaters coming back.

in the past year, our readers have doubled their exposure to cryptocurrencies only about 9% held it atng of the year, 18%, 20% hold tell now, in terms of meme stocks with the portfolios, in general, these are blue chip investors who like amazon and apple, and a lot of the mega cap stocks but lately they've been adding ford and exxonmobil. in terms of the meme stocks, though, they've been looking at them and watching anxiety rise among the readers. we measure that in the investopedia anxiety index which measures their terms, with terms like naked shorting, short selling and with the meme stocks, anxiety has been rising among the readership in the past few weeks. at a three-month high, nothing like back in march, but it's bubbling up as at meme stocks go on the rise. >> caleb, we're seeing a rise in top-spiking articles over the past week, a 7,000% increase in naked shortage and 25% of them -- by the way, can we show the chart that we showed with the anxiety index. it's creeps up but it's nowhere near the levels we saw earlier this year when the meme stock frenzy was going kind of crazy,

you're looking at the largest ever cryptocurrency event on the planet.bitcoin and cryptocurrency. that shows you there's a lot of energy here. i caught up with floyd mayweather and i asked him what he thought of cryptocurrency. >> obviously, everybody should have their own mind and choose what cryptocurrency they want to choose. what i believe is being independent and doing what you want to do. it's about people winning their life. i push people to be winners in life because i'm a winner. >> we had jack dorsey speaking tomorrow. cryptocurrency has taken over the financial world. bitcoin is up and we etherium and dogecoin. we'll see you soon. >> neil: wow. bigger crowds there than at disneyland. thanks very much, susan li in miami for that big pow-wow. i think that technology is here to stay. the question is will it be rewarding. following on leon panetta saying that joe biden should still meet with vladimir putin even with all of these hack attacks on our country. someone says that would be a mistake. the meeting should be cancelled after this. some say

i don't know. >> also now industries built on top of cryptocurrencies. right?ay powell, stable coins and nft phenomenon and the promise of defi decentralized finance. carl, interesting, though. if you are looking at this market, perhaps you want to look at some of the smaller coins that held up over the last month. what do they say or don't say about the market why did they hold up perhaps less energy intensive. so, you know, the space is getting bigger as it matures investors can afford to be more selective. not just bitcoin anymore right, carl? >> yeah. well, certainly, that share story what some people use to blame it on the, why the price came down. we'll talk about that obviously and a lot more with sofi's anthony noto in a few moments. atlan "techcheck" is just getting started. so it's another day. yeah- that's what most people think. but in business it's never just another day. every day is the day. there's the day your store has its biggest sale. the day you have a make or break presentation. and the day your team operates from across the country. but t

referring he says to the cryptocurrency market.rth of $2 trillion. it is that is weighing on bitcoin more than anything else. stay with us. ♪. this isn't just freight. these aren't just shipments. they're promises. big promises. small promises. cuddly shaped promises. each with a time and a place they've been promised to be. and the people of old dominion never turn away a promise. or over promise. or make an empty promise. we keep them. a promise is everything to old dominion, (vo) while you may not be running an architectural firm,. tending hives of honeybees, and mentoring a teenager — your life is just as unique. your raymond james financial advisor gets to know you, your passions, and the way you help others. so you can live your life. that's life well planned. shingles? camera man: yeah, 1 out of 3 people get shingles in their lifetime. well that leaves 2 out of 3 people who don't. i don't know anybody who's had it. your uncle had shingles. you mean that nasty red rash? and donna next door had it for weeks. yeah, but there's

bitcoin another cryptocurrency's can be tracked. are encrypted in this drives them out of their silver mines. president trump wanted to yield to the dollar but present biden likes -- and janet yellen once to regulate it so i or his agents can sift through your coin base to counter your wallet and steal and manipulate your hard-earned money for sanders nocturnal commission. that's why people are drawn to crypto. they've been pilfered into exasperation but there's mild speculation away to catch on historically gone to the country club elite they might have a way of to create wealth that has nothing to do with who you known it can be done in private. crypto is not aimed bullied into submission anytime soon. morgan stanley offered access to bitcoin because why should investment have all the fun and russell macomb. it's also overstocked paypal whole foods and home depot. crick does not a scam. it does not require attention and is here to stay productive pair lifespan army of rand parents. that's the memo. the fed searching to regulate cr

this morning the surge in popularity of cryptocurrencies on full display.ce in history. >> honestly it's exhilarating. it's fresh. it's new. it's so interesting to see people come from all over the world. >> sold-out event with some 12,000 ticket holders. >> reporter: flocking to see headlines from jack dorsey to floyd mayweather. >> the best of the internet before the internet was a thing. >> reporter: bitcoin has been around for more than a decade. people use traditional money to purchase the digital counterpart, which like dollars can be used to buy goods and services. ten years ago, one bitcoin was worth just under 10 bucks. today, one will set you back over $37,000. there are thousands of cryptocurrencies out there, but security experts say those increasingly disruptive cyberattacks show unregulated currencies are helping cyber criminals. a wave of cyberattacks shut down gas supplies, meat producers and news stations. the group responsible for the colonial pipeline shutdown receiving a $90 million ransom payment in bitcoin. >> it's hard to imagine the

bigg digital assets, a cryptocurrency sector leader, has established two exciting companies.ted way to trade cryptocurrency in canada, and the blockchain intelligence group, with products to stamp out crypto crime. bigg digital assets. oh, i've traveled all over the country. talking about saving with geico. but that's the important bit, innit? showing up, saying “hello! fancy a nice chat?” then we talk like two old friends about sticky buns and all the savings you could get by bundling your home and car insurance. but here's the real secret. eye contact. you feel that? we just had a moment. [chuckles] who would've thought it? geico. save even more when you bundle home and car insurance. liz: new york city is setting up its spotlights again. mayor bill deblasio revealing earlier today that to celebrate the reopening of the city, a mega concert is coming to central park this summer, and concert king pin live nation is set to produce the massive event but that's not all live nation is up to the ticketmaster parent is putting both the finishing and beginning touches on multiple f

a newly published survey showed 2.3 million british adults held cryptocurrency assets. just over a third continue to consider such investments as a gamble, down from 47% last year and 14% say they have taken out loans to invest in the crypto markets. one analyst described the last statistic in particular as simply terrifying. u.k. regulators have repeated dire warnings that investors in the market should be prepared to lose all their money. while many regulators and analysts still see cryptocurrencies as an investment, el salvador is trying to approve it is legal tender. the world bank has now refused to help. >> it is called bitcoin beach. on the coast of el salvador, this surfing village is the first to use the cryptocurrency, a new national law legalizes bitcoin as legal tender, and the government is hoping to roll it out to the entire country. >> we are trying to create a new economy. not everyone has access to a bank account, so we created the bitcoin initiative, which is money that is easy to move, easy to use, and in the end is a method of exchange. >> but the pl

michael, what do you think the fallout, to use an overused word, of this episode will be for cryptocurrenciesent or intelligence agencies can effectively crack the code >> i think what people need to recognize is bitcoin is the greatest thing to happen to fbi. it's the most transpartner path of transfer, the hackers -- in a traditional liar, so i think the misconception in this instance is, is the bitcoin network hacked or is decentralization real. it's just fortunately a failure on the hacker side of private key management certainly -- the fbi works with companies and work with companies, it's an extremely used technology, and bitcoin is quite literally the best form of ransom payments. >> so let me turn to eamon do you agree with what michael just said, it's a blessing in disguise for law enforcement, number one, and obviously there's a cat-and-mouse factor at play here in other words, with every forward step law enforcement takes, the mal-factors will learn what the fbi did and harden their defenses. so we're in a, i don't know, not an arms race, but a competition of sores, right? >> absol

this was all done cryptocurrency at the request of this group.oday we turned the tables on darkside. here's more from the deputy attorney general. listen." >> ransomware attacks are always unacceptable. when they target critical infrastructure, we will spare no effort in our response. >> colonial pipeline said hey had no option to pay the ransom to get the pipelines back, to get the gas supply back up. monaco, the deputy attorney general, had a message for american companies, martha. she just said no organization is immune, i want to emphasize, to the leaders of corporation and companies that ransomware is a clear and present danger. pay attention now, invest the resources now and failure to not do so means you could be a victim, this is something that we don't always see at the department of justice. officials are celebrating, sending a message that in this case, the u.s. government won and they retrieved a lot of this money, martha. >> martha: hopefully they can get more. it's a strong signal. we don't want the ransoms paid at all. if the compa

it's so easy for money to be sent to these organizations through cryptocurrency if you were to ban it there are wire transfers and things to that effect. the same type of organizations you limit it from a law perspective which would cut all funding and they would move to different countries to try to go after these different organizations. it's very monetary driven. it's very much focused on getting money. you cut that off, you see a substantial reduction. i'm not saying complete but a major reduction. it would have a very high cost here in the united states for the organizations that would no longer be able to recover. >> we're running a little over time are these ransomware numbers negotiable in any sense? >> oh, yeah. you can definitely negotiate with these groups. you can like, you're asking for $5 million, hey, i can only pay $1.5 million maybe can you do $2.5 million. we're not going to settle for anything less than that. you can definitely negotiate on the amount of money you pay them >> what if it was you? what would you do? pay it >> that's so tough to say. our general stance