>> fantastic news for ethereum exactly what you wanted.ereum is the new internet where you control your own data. i don't think until you had a crisis like facebook had that the general public would under it >> do you have a price target in mind >> listen, these things are wild 485 is fare value. we are at 400 now. i would certainly except it to get to 485 it will likely i don't have shoot of the north of $500 i think would be easy as long as we get the bull market going again. >> thanks. >> i got in to ethereum yesterday. i am long term holder here it's not to say that i ethereum is the horse that rides to victory but i believe in the platform i believe in -- to me i'm not making as specific of a bet. i'm making a authorityic bet of what's going on if crypto land which i am in pave of. >> it's important for you for the coin to have a platform which is being used. >> yes. >> what would have to happen for you to say i was wrong, i should g -- i got in earlier than i should have. >> this was at least the platform of choice for developers tha

here from the cofounder of ethereum. it was supposed to be the largest tech deal ever, but now it is dead. broadcom's hostile takeover of qualcomm has been blocked by president trump, citing concerns of national security, saying there is credible evidence to make me believe that broadcom, by acquiring qualcomm, will take action to impair the national security of the united states. so, what happens now? with brooke sutherland and ian king after the news broke. ian: we were talking about how it might drag on. roadcom was in the pentagon yesterday afternoon, trying to find a way forward. a number of matters later, the white house came out and said, no you don't. reporter: unexpected, right? what kind of implications will this have more broadly on m&a? start with tech. >> the clear signal the government is sending is u.s. tech is off-limits to foreign buyers. this is not the first deal that has been blocked under president trump's administration because of national security concerns. if you remember, canyon bridge, that got

an ethereum stock. different type of chip needed to buy bitcoin ds ethereum. if you are buying it for ethereum, ethereum may go from software mining to hardware behinding. they are planning to do this anymore. so you won't need these chips anymore. be aware >> has nvidia been derisked thi week. >> be careful, this is a story stock. what we saw this week, even if they have strong stories -- nvidia doesn't have the same fundamental as other companies we mentioned it has a strong fundamental but with that valuation and that tape it is certainly subject to suffering. >> will the traders agree with the fast pitch plus, yousef squalli will be plus, yousef squalli will be here to make his case to buy ♪ ♪ my ambition? helping people get what they want, understanding we're not in this alone, facebook much more "fast money" still ahead. y kids that no ambition's out of reach. ambitions live everywhere. synchrony helps make them happen with data, insights, financing and technologies. ♪ ♪ synchrony. what are you working forward to? he gets the best deal on the perfect hot

ethereum did itself have an ico several years ago. that said, it seems to be that they don't consider ico to be a security but several tokens that have launched on top of ethereum are being deemed securities and if so we consider ethereum to be the feed stock or the fuel people use to participate in these icos, then we should expect demand to dwindle at least a little bit. >> how does this changing landscape on regulation as it corpse icos impact the way you look at icos and decide whether or not you want to buy them as the rules are created? >> sure, so if we look at something and our counsel or the people we depend on indicate something is a security, we want to see a project that follows all securities regulation, that means doing the appropriate filings and restricting sales to the appropriate investors that are suitable for that type of an investment that said, not all of the crypto assets we invest in are necessarily securities so some of them can be crypto assets like bitcoin that are not securities in that case, we're a little

reporter: you have been describing these projects launched on ethereum as promising.erlying platform is not particularly robust, with respect to scaling. a couple months ago there was a car game that brought the entire thing to a halt. what is the timeline of a roadmap where somebody could watch something that somebody could launch something and it could function without slowing down the network. throughout history, software developers have been pushing the boundaries for every platform they have been on. we traded the old model for this new structure which enables better collaboration. we see technologies like state channels and plasma that will ramified this year in the next few months for different kinds of applications. the crypto kitty's application was one excellent test. some of the issues have been fixed already. it shows us how we can build better, more scalable architecture. short-term there will be some excellent fixes in 2018. over the next couple years we will see dramatic scalability increases. emily: and that was joseph lubin , speaking to bloomberg fro

we are running the ethereum lounge. right now a women in block change event going on as we speak. we have had events with steven with steven and a slate of other activities. being ining around and all of the different events isund the area, everyone talking about block change in the event or peripherally. are they what extent not really highlighting bitcoin. the bitcoin bubble has seemingly burst even though there is a lot going on when you check out the price action when you look at the other platforms and look into the demand for black change and cryptocurrencies at large. joe: it may be hard to tell because we are so focused on building decentralized applications on the ethereum platform. we are so much less focused on cryptocurrencies like bitcoin. argue that we have seen a correction in our space but calling the bubble to have been popped is a little shortsighted. i think there is tremendous foundational, fundamental work being built in our ecosystem and it is very early days for the ecosystem. joe: throughout the

we are running the ethereum lounge.ow a women in blockchain event going on as we speak. we have had vince, from steven woolfe from of mathematica fame and a full slate over the last few days. also walking around, being all around the different events around the area, everyone is talking about blockchain either in the event or just peripherally. >> to what extent are they not really highlighting bitcoin? i point that out, because the bitcoin bubble has seemingly first, even as there's a lot going on once you check out the price action from the other platforms and look into the demand for blockchain and cryptocurrencies at large. >> it may be hard to tell because we are focused on ,he theory him, we -- ethereum we are so focused on building decentralized actions on the platform. we are so much less focused on cryptocurrencies like bitcoin. i consider it to be a crypto fuel that powers decentralized applications on the world wide web, but i would argue that we have seen a correction in our space, but calling the bubble to

i'm with ethereum and comfortable there.round 79 or 80 i don't think you touch it until then i think this tokyo whale is still out there apparently with more to go i don't know where you have to jump in here. >> i'm jumping in. ethereum today i think the levels are incredibly attractive. i'm not concern about the regulation i think it's going to bring the adults into the room and allow this market to facilitate higher >> i don't want to have to pick the currency so i play with it overstock. it's at the initial coin offering they are the only one that's scc compliant. i think regulation is going to be huge to this game i don't have to have to pick the winner so i play it with overstock. >> citibank is the cheapest bank citibank. >> aelection on, alxn for a trade of 140 into the second quarter. you go rent it for a while you have a month to own it, i think it is a buy here. >> steve >> square. it's been good to me thus far. it's breaking out before $50 it's up 13% in a week. i think it goes higher people can't explain the valu

he studied up and got back in to cryptocurrency and now he owns bitcoin, litecoin and ethereum. the stanford grad has become a mentor of sorts to a lot of other athletes.. who he says like him didn't grow with financial literacy andneed to be wise about it now.

ethereum classic symbols etc and calisto.he air drop so if you own etc on march 5th and it will happen some time on march 5th. it is based on when the blocks update but for every etc you own officer going to get one clo which is catalysis toe it is a new block chain they are going to do some testing and try to upgrade ethereum classic. but it could have value if it gets on exchange and that is why people like it so les look at what's happening with the ethereum classic price. it's been a bit of an up trend here and this is everybody buying into the ethereum classic to get the calisto air drop so hear you own ten of those, you are going to get ten clo on martha fif march 5th. and that is the now hot thing. >> dividend, some like to invest it and put it right back into the stock. what are you going to got the air drops? are you going to put it back into the cash? into the original? do you hold on to them is there a unique value to this that you want to hold on it to >> there is actually a value and it is another coin it is almo

investments added four new funds last week that each hold positions in bitcoin cash, and himmel, ethereumbitcoin. grayscale's new trust will be offered to accredited investors with a $10,000 investment. grayscale has a one-year vesting period back to you, melissa >> thank you, bob pisani at the nyse b.k., what do you make of these new products >> it's what i thought would happen with this space wall street is coming at this. it's a new asset class now you need new products. so, you know, in the long run obviously i am still quite bullish on this space. i might even have to move my -- trade my bear suit in for that bitcoin suit, which would be nice >> that's pretty sweet for more on this let's bring in michael sonnenshein, managing director of grayscale investments, the largest asset manager in the digital currency space. he created the four new single currency funds you just heard about. michael, welcome to the show >> thanks for having me. >> what sort of investment gap do these products fill why wouldn't i just by with no limitation, why wouldn't i just buy the digital currency >> grays

i trust. >> t.i.b.k. >> i own ethereum and a little bit baskets of currency. the regulators are going to do something here. ultimately this is validation. i'm not adding here. >> we'll see is you in a few minutes. >> i'll be back. >>> he will be back because he's got the interview with the ceo of ripple that is set the crypto world on fire. we'll hear what he has to say about the crypto crush and just how bad he thinks his company needs coin base. plus the annual shareholder meeting tomorrow. there is one thing every investor is waintoitg hear. we'll tell you what that is. much more "fast money" right after this. what about a dedicated service team of trading specialists? did you say yes? good, then it's time for power e*trade. the platform, price and service that gives you the edge you need. looks like we have a couple seconds left. let's do some card twirling twirling cards e*trade. the original place to invest online. >>> welcome back to "fast money." a mouse, a fox and a major shareholder meeting tomorrow could have big implications for disney. let's get t

to be under more scrutiny than a mega cap coin like down. >> are you still in ethereum >> i am, where are they going to go if ethereum were the play to build upon it's recognized as one of the obvious places to go. >> in the last week we saw at that lightning labs rolled out the lightning network that's going to make transactions on bitcoin faster as the whole thing evolves, you can't just watch a couple of things there is a lot of moving parts here ifs, ands and butts. >> coming up, the fed recollection company conference call is underway right now we will tell what you is driving the stock. >> tim is rolling the dice to an stock he says made a transformation that could send shares surging find out what it is when "fast money" returns at the marine mammal center, the environment is everything. we want to do our very best for each and every animal, and we want to operate a sustainable facility. and pg&e has been a partner helping us to achieve that. we've helped the marine mammal center go solar, install electric vehicle charging stations, and become more energy efficient. pg&e has al

continues to -- it -- to ban y cryptocurrency-related content check it out bitcounsel down 40%, ethereumn 33% ripple off 70% here in 2018. while the ico market is somewhat insulated from the day-to-day price volatility, because the price horizon is much longer, some experts say if the sell-off continues, the good times can't last for among melissa? it. >> it may see counter-intuitive that they're doing okay as the major cons are plumb etting, but it seems that people are reaching for better return. >> but icos are doing better in terms of raising money a lot of them aren't doing that well one they start trading on the public market. all sellers come out i would be very careful. we do some of them, but that number of 45% have failed last year, i think that number is going higher >> and fail means, what? the company no longer exists >> here's the problem that you have with these, right these people have raised so much money there's not a lot of incentive to continue to do work they're kind of like zombie companies. they go on forever, though no product is delivered i would just say be very

in the ico you need to buy ethereum or bitcoin. without that buying flow, that takes a huge amount of liquidity out of the market. >> so if we permanently see the flow of icos dampened because of increased regulation, then the past highs on these coins theoretically should not be attainable again, for a while at least. >> i actually think -- yeah. here's what i think is going to half here's what i'm seeing in the marketplace. you are seeing a bifurcation you are going the see people invest in the pure currencies. bitcoin, litecoin, monero, bitcoin cash, any of those that are truly bure r pure currencies are going to get a lot of the attention. there will be a swath of the token that will move over to securities exchanges that are coming out, open financial network has one, as well i think you are going to see that bifurcation you could see a bunch of these tokens, we have 1,500 or so now. you might see that whittled down to 500 or so that are really liquid and investmentible. those will do quite well between then and now it's going

>> buy the heck out of ethereum here. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now >>> hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to save you some money. my job is not just to entertain but to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcramer. what can i say i called it. when everybody was freaking out that the president and therefore the market would resurge and response dow at one point losing nearly 350 points the averages came back with a vengeance. the s&p dipping. the nasdaq gaining .33%. this news allowed us to snatch victory from the jaws of defeat. but not really a surprise. which of these two sessions was real this one, the early obliteration or this one, the fabulous nasdaq rebound? they both got legitimacy it would be easy to focus on what is going right, but that happens. we have to focus on what went wrong so long as you don't fannpani panic. we can imagine what co

he studied up and got back in to cryptocurrency and now he owns bitcoin, litecoin and ethereum.mentor of sorts to a lot of other athletes.. who he says like him didn't grow with financial literacy andneed to be wise about it now. ( darya ) i'm guessing sherman wouldn't think this is a smart move even for a millionaire: flyod mayweather just bought his 3rd private jet. and he points out.. these aren't charters.. he owes them. i have no idea how much it costs to fly first class commercial.. so i can only guess he spent somehwere in the zillions.. ( darya ) i'm more like this next guy.. i win anything and i'm jumping for joy: before tuesday's college game between buffalo and akron, this student makes a half-court shot and goes nuts!!! what did he win? 12 medium pizzas. 12 medium did he win? 12 medium pizzas. ( darya ) wow the payoff has really gone down since last week.. when this college student at texas a&m got 25 grand for his shots!!! granted it wasn't just a half court shot: he made a layup, a free throw, a three-pointer and then a half- court shot - in succession - to claim t

treasury select committee will be looking at all aspects of cryptocurrencies, that includes bitcoin, ethereumhe dozens of other tokens that have come out in the last few months. they will look at the impact of the underlying technology, blockchain technology, distributing ledger technology. they will be covering what consumers see and how institutions are affected by this technology, from commercial banks and touching on the bank of england. nejra: we've got a quote from nicky morgan. she said people are becoming aware of cryptocurrencies, such as bitcoin, but they may be unaware they are unregulated in the u.k. striking the right balance to provide adequate protection for consumers and businesses while not stifling innovation is crucial. she summed it up quite nicely there. is the u.k. behind at looking into this compared to other countries? ed: other countries took decisive steps to rein in cryptocurrency or to say they will. you have seen china crackdown on initial coin offerings last september. south korea has been going back-and-forth on banning all trading across the board. we have seen

bitcoin and ethereum are digital commodities. scares items that may have value on open marketes as money, investments or inputs for industrial processes. they're commodities, just digital. the latter promises future tokens are securities. promises from issuers to investors that efforts will be put forward to create profits. now both have investor protection risks but they are distinct risks best addressed in different ways. a commodity-like token has no issuers upon whom investors rely, but the token does trade on speculative commodity markets. policing these markets for fraud and manipulation is critical for investor protection. a promise of future tokens is a security with an issuer upon whom investors rely. mandating accurate disclosure from these issuers is, as we've said, critical for investor protection. so the sensible and emerging investor protection regime is nothing new, even though the underlying assets seem like science fiction. the cstc should use its existing authority and the s.e.c. should manage and mandate disclo

ethereum inspired the use of these technologies. bitcoin is a public ledger.ivate ledger. we are built for enterprise and high-level transactions. we are not using cryptocurrency -- differentiating between public blockchain's and cryptocurrencies, and what we are trying to do, which is try to build an operating system for high-level finance. it is a different story altogether. matt: so your platform has no length to the price of cryptocurrencies that we talked about that are in popular culture, that are so popular right now. what do you think of the price of blockchain? is a currencypple in which you have interest. will it recover? price of far as the blockchain, i don't really know how to answer that, because as i said -- matt: sorry, the price of bitcoin. david: i don't have a particular view on bitcoin. i look at the cryptocurrencies that exist. find cryptocurrencies as a currency that has no backing. it is just back to buy the fate of those that own it. there is room for bitcoin to exist. there are hundreds of other cryptocurrencies out there today. there

if somebody invested in ethereum at the beginning of last year, you still would have gotten a bigger return than investing in the s&p 500 since 1978 so basically calling that a deline is outlandish to me because you are looking at a year and a half return that's better than 50 years of equities returns. if we look over the next several years there is still more development that needs to come for example, using blockchain in the decentralized environment is the next step but it's going to be years before we see a decentralized environment where in the future shb like yourself somebody no longer has to give their photos to facebook or a centralized space. you share specifically with people and you would be able to track it and be sure it's not shared or somebody else doesn't get access to your information. >> mitch steves of rbc what do you think of this notion of using a blockchain, that could happen tracking the information is sort of half the battle we know where it went at least. >> i think the whole model is shifting he mentioned it's five plus years away before we get to a decent

>> well, the top three, the coin cash, ethereum are things we own.here are a few other things that we are doing but you know i guess i would say we're doing this in an institutional way we're anticipating the significance of this change, this technological change is going to become something all institutions are going to have to invest in, are going to want to invest in they're just not investing yet so we're taking a long term institutional approach, facing the eco system of those involves and also those now studying. >> there's very few pure play or even close to pure play, sort of blockchain or equities, also i think there's a position of amd. how do you decide has enough exposure 9 cfo in january i believe saidi hard for quantify how much they're getting from cryptomining how how do you decide it's a big enough play for you. >> there are more dedicated stocks in japan than the u.s japan is essentially all in on blockchain and allowing cryptocurrencies we're looking at it as a global approach, and i do anticipate this will change pretty r57dly i t

about a lot of markets, kelly but i don't think -- >> cash, gold, bitcoin >> not bitcoin and not ethereum>> thank you especially on a day like this, jim grant. >>> as we said, volatility is back in a big way. we're back above 22 on that gauge. "fast money" traders dan nathan and guy adami are here to talk more about this. guys, good to see you. dan, start us off here with just some thoughts on, what is 2 i2. on the vix say to you? >> for years after the financial crisis we got very used to a vix that was in and around 20. long-term average of the vix before the last couple of years was about 20 so, here we are now, up from high single digits a month ago to now a range somewhere in the midteens to mid20s here. what that means is the markets it's measuring are going to move around 2 to 3% on a daily basis. for traders who will tune into "fast money" in a little bit, they like that volatility. for the first time it's giving them the opportunity to help pick stocks again, look at catalysts and kind of move around more on a short-term basis. for investors, if we get a sustained selloff, it giv

a whole group of people in the valley and elsewhere who are betting big not just on bitcoin, but ethereumot betting against them in any capacity. the end game for bitcoin is for it to be an asset class. that's the end game. the evidence as i see it now, i'm disappointed the traction has not been built in the futures market to get there quicker. >> this is much more important and much more positive news right now because it concerns bacon and chinese pig prices hit the lowest level in nearly four years. analysts say the rapid expansion of large pig farms -- do they mean they're making large pigs on the farms or are the farms really large andrew large pig farms. large pigs or -- >> no. i think farms with a lot of pigs on them. >> either way the prices might go down. >> the oversupply. >> it has outpaced slowing demand growth. the average price for a live pig in many parts of china plunged 20% since january. it is now below the average cost of production and it's expected to put a significant damper on pork exports from the u.s. and canada out of china. china consumes about half the world's