they checked every single one of the ethereum tokens.n't have the bug whatsoever the reason why, it's not part of the standard ethereum smart contract they're called erc-20 contracts. this bug is not part of that necessarily. you'd have to add in this piece of code. only 12 coins did that number three, this isn't just a crypto bug. this is a known bug throughout many different coding languages. so there is easy fixes to this so i think, you know, bitcoin falling down, ethereum falling down all on this, totally, totally overblown. not to say that the bug isn't serious, but totally overblown for the rest of the market now let's go to the charts and see where we are on this we're going to start with ethereum look this is the rally we've had right off the bottom there remember, we've been in this big, big downtrend and that broke last week so now we are going from the sell, the rips to the buy the dips and where is ethereum right now? it's at just below, just above 600 or so, which was the breakout point now let's look at bitcoin, which inte

the game chaingers project ended on march 31 and generated 84 ethereum. before they try using it for different aid—related purposes. hello. a bit of sunshine to the north and the west today, but through some parts of central and eastern england it‘s grey, wet and cool. the area of cloud that brought the rain yesterday, most of it has gone off into the north sea, but it has left this trail of cloud stretching across these areas where it continues to rain into this afternoon. the rain moving further north to the north east midlands, parts of lincolnshire and yorkshire. that means skies may brighten towards the south—east into the afternoon, and it may start to feel a touch warmer. not too much wet weather further west. more sunshine in the south west and wales but one or two showers breaking out. it‘s the same in north west england and the far north of england. sunny spells and only a few showers. the showers we seen over northern ireland and scotland though, while there will be big gaps between them, where you do see them they will be heavy with hail and t

the game chaingers project ended on march 31 and generated 84 ethereum.of the technology before they try using it for different aid—related purposes. that is it from a rather noisy click. do not forget that we are. hello. an afternoon of contrasts. for some there is some sunshine of what we have the sunshine there was a good deal of it although showers are never too far away. elsewhere there is a lot of cloud and outbreaks of rain and the rain is going to be very slow to clear from the likes of the midlands and east anglia through the rest of the afternoon. slowly overnight the rain will start to fade and we keep a lot of cloud here. further north and west the showers are easing and clearer skies with a chilly night against the northern ireland and scotla nd against the northern ireland and scotland and the far north of england. temperatures close to or even below freezing in rural spots. under the cloud temperatures hold u pto under the cloud temperatures hold upto five or eight. the most it is a dry started tomorrow, chilean places with sunshine and few

and generated 84 ethereum.logy before they try using it for different aid—related purposes. hello there. we have widespread heavy and persistent rain and gale force winds through parts of central and eastern england tomorrow, today seems relatively quiet. a good deal of sunny breaks through the cloud across scotland, northern ireland, northern western england and wales through this afternoon. a few showers dotted around here and there, it is not going to be completely dry, most of you, though, will stay that way. across parts of southern england, east anglia and the midlands, however, staying grey at the moment, some patchy rain and drizzle, but by the end of the day, we will see more persistent rain turn up in the channel islands and the far south—east. temperatures in the cloudier spots still in single figures. 13 degrees if you get any sunshine. big game changer, though, comes tonight. this area of low pressure pushing its way up from france and that means for monday, central eastern england in particular, h

and generated 84 ethereum.technology before they try using it for different aid—related purposes. hello. some very wet and windy weather on the way to start the week for south—east india and east anglia and parts of east anglia will see a months worth of rain in 2a hours. today there has been brightness and sunny spells. this picture is of inverness. cloudier skies in central and eastern england and this picture from sussex. the wet and windy weather is courtesy of the low— pressure weather is courtesy of the low—pressure system coming up from the south that brings heavy rain and we are looking at strong wind as well. heavy rain, strong wind, there was potential for disruption to travel and also a possibility of localised flooding so stay tuned to localised flooding so stay tuned to local forecast particularly tomorrow morning. the rain pushes north and west into south—east england and east anglia and there are heavy burst that may fall us on higher ground and we see the wind strengthening as well. coastal gale

and generated 84 ethereum.e technology before they try using it for different aid—related purposes. hello there. yesterday we had a lot of cloud in the sky across much of england, thick enough to bring some rain as well. further north—west, showers developed through the day, but that cloud has been melting away as well. some passing showers in scotland, but a fine looking sunset here in 0ban. as the skies have cleared more over recent hours we have more pictures of the full moon being sent to us, spectacular shots from people out and about under those clear skies. clear skies, yes, but a chilly start to the day. for the early risers, frost patches to look out for in the rural areas of scotland. not quite so cold further south under this zone of thick cloud. most areas of cloud could be thick enough to give us a few spots of light rain on and off through the day. the best of the early morning sunshine again through western areas, but slow—moving showers will form again, particularly in northern ireland. later in

that i don't like ethereum. they have been trading quite well compared to bit cowb ed tb. i think this year is going to be about building the sis skoes. >> thanks for the crypto class, b.k. >> my pleasure. >> brian kelly >>> despite dragged out passengers, dead dog, flushed hamsters, other bizarre encounters between the airlines and their customers, sentiment is actually soaring. we'll tell you that means for the stock. >>> plus, from flying high to getting high, pot stocks have been a bust for investors. but one says don't pass on the grass just yet that's four hot ndfus in one tease. try and top that after this break. as investment management professionals, let's measure up. cfa institute. anyone can get you ready, holiday inn express gets you the readiest. because ready gives a pep talk. showtime! but the readiest gives a pep rally. i cleared my inbox! holiday inn express, be the readiest. that you don't think about is very much. counties it's really not very important. i was in the stone ages as much as tech

ethereum is disrupting the capital. other protocols that are disrupting identity, identity provenance and so on. these things are really unproven yet but quite promising. >> danny, let's talk about that use case for bitcoin because it is the largest crypto. it seems like some of the smartest minds have really just hunkered down here and saying we know what the knocks are, it's slow and this and whatever when you think about something like the lightning network that's to speed up transactions, we've seen transactions fall dramatically since the crypto. is it the sail wagging the dog what's going on here how do we get these use cases to go and are these brilliant minds focused on the right stuff >> one of the things that struck me about the whole crypto universe when i first got involved an one more of your guests dan moorehead were in amsterdam in 2014 and we were the only financial guys in a conference of 2,000 developers and crypto geeks one thing i'll say for smur is this a an ideological group of intelligent young pe

that claim is, however, still a very live debate, with cryptocurrencies like bitcoin, ethereum, and rippleuating wildly in their exchange rates. the more mining computers you own, the more money you make. and that incentive has led to massive hoards of machines like this one popping up all around the world. mining is cheaper if you don't have to pay for the cooling, but it's cheaper still if you don't have to pay for the computers you use at all. a factor that has led criminal is to think of new ways to try to make a quick crypto buck. here's dan simmons. it's a crime that's fast becoming the hackers‘ favourite. and the impact often goes unseen. this house looks like your computer after it's been hijacked. everything may look fine from the outside, but inside resources have been ransacked. to add insult to injury, your electricity bill is about to go up, as you pay to power a machine that's now working hard for the criminals. a friend of mine got in touch with me on the sunday morning and said i havejust been to the information commissioner's office website, where the ico, here in the uk,

the move pushing all the cryptos higher, ethereum, bitcoin cash, lit coin and ripple were up sharply.elly pointing to a short squeeze. take a listen to what was said earlier today on cnbc's future's now. >> it's overdue. point is oversold and when you look at the mining cost for our bitcoin misery index, it's pretty much what you saw at the end of the 2014 bear market, not the start and we do think that tax, capital gains really, really accelerated in the past couple weeks because tax day is coming up. we still feel good that bitcoin could reach $25,000. >> you can find the full interview with tom lee at futuresnow.com, that's cnbc.com. so tax selling and short selling aside, the top question on every crypto investor's mind right now is this bitcoin rally for real back over to you. >> leslie, thank you leslie picker. spencer bogart -- variety of crypto assets thanks for being on the show. >> thank you for having me. >> do you believe in this bounce >> yeah, listen, i'm not ready to call the end of a bear market i think there could be more regulatory shoes to drop but i think the tax s

if you can, is it similar to what you found for bitcoin for other cryptocurrencies out there like ethereumthe data too as far as >> no, they're identical for the motion part. >> so all of them look like they're poised to break to the upside. >> but this is the one that will matter. >> so carter, the selloff from the highs to the february low is 70%. it was a massive volume, then you had this 100% bounce and we did that test. in some ways, couldn't you make the argument although we're above the down trend from december that this bounce is not that vibrant you know what i mean it doesn't have momentum. >> what difs you -- the dynamics of a bounce is determined by the proceeding selloff so you get the first violent selloff and then a fairly reciprocal bounce but when you do a revisit of the low because you come from a lower level, you don't have as much of a bounce it's almost like dropping a ball from a lower level, doesn't bounce as much as it does from a higher level. >> i never took physics. >> it shows. you set yourself up for that carter, thank you. >> when your best players put points

he said he does not own any bitcoin and thinks its main rival ethereum is untested.he company filed for bankruptcy in 2014 after thousands of bitcoins went missing. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. i am courtney collins. this is bloomberg. haidi: thank you for that. still ahead, australian bonds trading at a discount to treasuries. bank of america says that may be coming to an end. a bloomberg exclusive later. betty: stocks rallying for a third day as officials toned down trade. we discussed the future with oppenheimer funds. this is bloomberg. ♪ betty: i am betty liu in new york. haidi: i am haidi lun in sydney. you are watching "daybreak: australia." the s&p closing at its highest in weeks, thanks largely to toned down the rhetoric on trade. su keenan is here with more. it is still this trade war story moving markets. >> yes, we are toning down the rhetoric and stocks are bouncing back. is it a rally or short covering rally? what you saw was green on the screen. s&p higher for the third day. t

territory and now we're up by 60% or 70% when you are looking at the coin, but also looking at litecoin, ethereumthe time is right to get going in terms of trading this particular asset class. we know he has apparently not yet made a trade, for the time could be right. we also know this is a contrarian guy. we know george soros bet against the pound. he is a contrarian. he makes different calls. maybe with all the concerns about the hacking of $500 million going on with some particular exchanges. maybe you take the bull by the horns and start to dabble. he would not be the first institution or the manager to be doing so. they also whet the appetite withholding the overstock. -- with the holding in overstock. this is the e-commerce company that started taking payments and digital currency. overstock is being invested by the sec because they wanted to become an exchange in the and i -- exchange and do an ico. emily: david, obviously there has been a lot of volatility, but bitcoin has been come way down from a type would you be expecting more institutional investors to try to get in on it? david: i

number two, realize crypto-to-crypto trades are taxable so that means if you take bitcoin and by ethereumith your bitcoin, that's a taxable event. a lot of people thought that perhaps only when you take u.s. dollars it's crypto. so that's very conservative. and finally something that seema mentioned, monotour your short and long-term capital gains, the tax rates will be different so if you hold something for over a year you'll have a lower tax rate so as you're buying and selling, take that into account when you're thinking about selling smrks. do i want to hold this for the next year? is this a place to sell it what is my tax liability going to be? so these three things as you're trading crypto this year should keep you going. >> bk? >> yes >> let me ask you a question since so many holders of bitcoin are outside of the u.s., i'm a little -- i'm thinking the weight on bitcoin's price isn't tax-related, people have to pay taxes. are those related at all >> i think there's part of it. part of it is tax-related selling. you also have the telegram ico which is the poster child, that's about

i think they are coming up with one for ethereum soon.ile isthe safest way -- wallet the safest way. think about your bank, and the pin number. you don't want anyone to know that. there are direct ways do it. in terms of interest, interest in terms of any investment, current price is driven by human beings. human beings go through fits of butoria and depression, there's a network value to cryptocurrency based on the number of participants and the amount of money that goes in. when that got to about 10,000, it was about fairly value. when he got to $20,000, i tweeted, there is going to be a correction, be ready. who chased hot performance will get shaken out and at the end of the first quarter, that will be the chance to reenter. we think it is a good time to reenter. the thing about cryptocurrencies, because they are driven by human emotion, they will move in parabolic ups and crashes. but when we look back over 30 million -- 30 years from now, we will look at fiat currency going like this, and cryptocurrency going like this. in the digit

so i can buy bitcoin, litecoin or ethereum re? >> yeah, looks like it, this supports all three of them. >> reporter: so why so many? >> we're at the ste where we really need to experiment. we don't know that bitin is the right design and bitcoin, because it's very decentralized and it's very robustilure, it's actually really hard to change. t one way that we experim this space is with other cryptocurrencies, we design a new one that works slightly differently than bitcoin and we see how that goes. >> reporter: and differently means at? >> one thing differently could mean is it processes more transactions per second, it ade-offs inrent terms of security versus ease of use. >> reporter: but i'm a bitcoin man and i've got a stake worth nearly $14 when i bought it in february. less than $12 as i record this in late march, maybe more than $25 if the price goes back to where it was in january, or maybe down to, i don't know, 25 cents if bitcoin retreats to the price it was when we did oui t such story back in 2013, bitcoin at what then

cemhgyggrg= that claim is, however, still a very live debate, with cryptocurrencies like bitcoin, ethereumound the world. mining is cheaper if you don't have to pay for the cooling, but it's cheaper still if you don't have to pay for the computers you use at all. a factor that has led criminal is to think of new ways to try to make a quick crypto buck. here's dan simmons. it's a crime that's fast becoming the hackers‘ favourite. and the impact often goes unseen. this house looks like your computer after it's been hijacked. everything may look fine from the outside, but inside resources have been ransacked. to add insult to injury, your electricity bill is about to go up as you pay to power a machine that's now working hard for the criminals. a friend of mine got in touch with me on the sunday morning and said i havejust been to the information commissioner's office website, where the ico, here in the uk, our data protection body at the government, and he said my anti—virus programme has thrown up this warning on the screen, he said it's a government website, can it have a virus on it? so w

both light coyne and ethereum sinking 47% and 45% respectively bitcoin cash and ripple both lower by more than 70% what's behind the selloff. analysts say regulatory concerns, crypto hacks and taxes. tom lee said earlier on squawk on the street that the losses have been amplified by investors who are selling their crypto holding to pay taxes on their capital gains from last year. >> we published a piece just looking what the do u.s. households oye owe for capital gains on bitcoin and cryptocurrency profits we think a low estimate is around $25 billion which is almost a 20% boost to what the irs tax receipts will be for capital gains this year it is a huge amount. but for the cryptocurrency market that's a huge amount of outflow. i don't think we have ever seen that in a single year. >> april 17 assistant less than two weeks away tax experts are warning investors regardless of the amount of gains if you mined invested or used cryptocurrencies in 2017 make sure to report to it the irs but as soon as tax season ends, tom lee expects selling pressure to ease and cryptocurrencies to rebou

. >> consensus as an company, they're an incubator they put companies on the ethereum blockchain. getting calls off the hook they've grown to 700 people. this is an amazing, amazing platform they're building out there. again, i think it's about custody. i think it's a matter of time for regulation to actually look at these and say they're not they're utility tokens and give them the all clear, and you're going to see valuations rip. >>> still ahead, elon musk having another wild weekend on twitter, posting photos of tequila, talking about bouncy houses the tesla's bizarre twitter antics just as distracting from the stock? we've got the details. >>> plus, transport soaring today on the heels of strong earnings it could bsiale gning the all clear for the broader market we will break it all down. more "fast money" right after this let's get started. show of hands. who wants customizable options chains? ones that make it fast and easy to analyze and take action? how about some of the lowest options fees? are you raising your hand? good then it's time for power e*trade the platform, pr

. -- he thinks its biggest rival, ethereum, is too untested for serious use.owered by more than 2700 journalists and analysts in more than 120 countries. >> checking on the markets right now, we do have a mixed bag. the hang seng adding 1.4%, refreshing the break we saw thursday. tencent on for the hang seng advantage. we have the won falling to a one-week low amid trade tensions. sbi securities saying that watch handle, the u.s. jobs report coming in strong this friday. the ringgit slipping, malaysian prime minister announce the dissolution of parliament at 11:30 a.m. local time. going back to the theme of the tech shares, samsung on the opposite end of the spectrum. pulling up the board to show you samsung's dragon -- drag in seoul. mood on chip stocks perhaps growth outpacing revenue growth. we do have the leaderboard, retailers rising to a june high after forecasting profit growth. overer on track to post 3%. a pharma player jumping. switching to check in on the laggards in tokyo animation stocks, those are sinking. some others tracking declines in samsung

beijing-based company is aimed at ethereum mining. it is powerful as two processing units. head to the tech world. up to 87 million facebook users may have had their data shared with cambridge analytica. that is up from the original estimate of some 50 million. we will hear mark zuckerberg's response, which happened just a few hours ago. this is bloomberg. ♪ welcome to the xfinity store. i can tell you about... streaming the most free tv shows and movies on the go. yeah, and... xfinity internet. it's so fast! and you can save by... by getting up to 5 mobile lines included. whoa, you're good. i'm just getting started. ♪ simple. easy. awesome. come see how you could save $400 or more a year with xfinity mobile. plus ask how to keep your current phone. visit your local xfinity store today. 7:30 a.m. this morning in hong kong. not a lot of people at work today. there is the festival, a holiday here in hong kong. for much of the week, it seems quiet on the streets. we are 30 minutes away from asia's first major market open. ramy: it looks beautiful over there. it is 7:30 in the