you have had how many current ico's on your python? -- platform? have had>> five, out of more than 2500. caroline: are these going to be classified as securities? how is the regulatory viewpoint? how does it shift your own model?s >> we made an assumption from the very beginning even when no one had really talked about the regulatory status of cryptocurrencies in the government that we should do these as offerings of security. it was the safest path forward. even if the underlying token will eventually be liquid moving around in the world and want to be a security, we said we will work with sales offering securities upfront that might turn into a long security in the long run, just to be safe and compliant with regards to regulations. joe: not a single a.c.l. i believe has actually turned into something that is used or a thriving community. it is all speculative. still, nothing actually taking off as a project. when you see that investors have gotten better at about becoming more discriminating and doing due diligence and identifying a low-quality

when you see the bitcoin price drop, ico's are no longer in drop, ico's are no longer in favor. they are down 95%. people are not going into ico's as much anymore. you are seeing, until bitcoins and the others get up to 10,000 or get back some of the gains, the ico market will be in a lot of trouble. a lot of them will never make it back to where they were eight months ago. emily: joe, india has virtually as thecryptocurrency courts refused to reverse a van from the central bank. this is one of the largest democratic governments in the world that might be more open to something like this. what are the implications of this on a global scale? joe: it's funny because people in the industry are not crazy about it when regulators, and crackdown and limit trading and transacting. on the other hand, if you look at the ideology of currency -- crypto, a lot of it is about disrupting the dominant world and central banks, and --cumventing the investing the existing banking system. if ild be more concerned were in the space if governments were reacting negatively because that would imply th

all the complaints that go to the ico are investigated and they do issue fines.o far enough. one of the other things that dcns been looking at recently is making directors of these companies personally liable for fines. —— and s. this is another great step. in stamping this out entirely. what we have seen in the pastis entirely. what we have seen in the past is that the information commissioner's office will issue a fine tour company and in that company will just disappear, fine tour company and in that company willjust disappear, they will whine themselves up —— issue a fine to a company. but via making directors personally liable they can go directors personally liable they can 9° up directors personally liable they can go up to individuals. how does this work in pratt this, i get a call and it isa work in pratt this, i get a call and it is a recorded message. i don't know who that firm is because they had not identified themselves when they renew, and you usually hang up. the problem is that the nuisance is done, they have interrupted what i was doing, the dam

there are two bits to that, i think the ico need to have people who complain, and they use social mediawhere you can type in the number and send it to them. but there is another element of that, in terms of educating our community is on our rights to that power. by me knowing now that if five opted in and they should not be phoning, when they phone, i can tell them would not opted in, so i'm not as mad about putting the phone down. at times they can be quite aggressive when they don't get the answer they wa nt when they don't get the answer they want from you. some suggestions that these calls don't cover anything thatis these calls don't cover anything that is coming from overseas, that seems to be a bit of a loophole, doesn't it? it sounds like that, and thatis doesn't it? it sounds like that, and that is something that perhaps at a local level, we could look at working on, like the true call devices and things like that. how big a deal is it, in terms of customers daily interactions with these companies? well, i think the more and more calls we get, the more desperate people are soun

the ico does need the information from people about these calls, and she will then tackle, use her powersy but surely, we will get on top of it and they will completely cease. campaigners, though, say the new rules do not go far enough. they won't, for example, stop calls from fraudsters and note, too, that firms based overseas are not covered. the issue of consent, they argue, is a red herring and they would prefer to see the authorities rule that unsolicited direct marketing calls are not a legitimate way of doing business. manuela saragosa, bbc news. now on bbc news, the travel show. this week, we're injohannesburg. where i will be taking a lesson with some of the most famous township dancers in south africa. so it's going to be — one, two, one, two. one, two, one, one, two, one, one, two, one. easy! we hit the ibiza clubs in a wheelchair. i feel myself on the dance floor. i'm not a chair, i'm not a person in a chair, i'mjust...|‘m me. and we had to scotland to catch a glimpse of some rare flying visitors to 0rkney. we're not entirely sure where the eagles have come from. there is an o

precisamente hemos estado recibiendo los efecto dos de un frente frÍo que provocÓ un descenso de las icopor debajo de los 70. toda la regiÓn estÁ por debajo de inundaciones repentinas precisamente por lo que es el huracÁn rosa se espera toque tierra el dÍa lunes y eventualmente en horas de la maÑana el martes se espera un evento de lluvia en esa zona pronosticamos un poco de lluvia que puede ocurrir eventualmente 1000 mira >>este domingo tenemos una nueva edith donde el clÁsico del fÚtbol mexicano eso dijo el guardameta de chivas en conferencia de prensa un clÁsico no importa dÓnde ni quiÉnes derriban y quiénes abajo y pablo aguilar hablÓ en conferencia de prensa chivas como venga es un problema de ellos nosotros enfocarnos en lo nuestro en tratar de hacer un gran parte ido ya si vienen con jÓvenes, mayores de obediencia o no ex audiencia eso es problema de ellos el clÁsico de clÁsicos del fÚtbol mexicano la cobertura va exclusivamente por univisiÓn. partido de alto calibre esta noche en sÓlo a las 11 por primera vez habla ante las cÁmaras un maestro de preescolar acusado de poner en pel

the ico does need the information from people about these calls, and she will then tackle, use her powersy but surely, we will get on top of it and they will completely cease. campaigners say the new rules do not go far enough. they will not, for example, stop calls from fraudsters and note, too, that firms based overseas are not covered. the issue of consent, they argue, is a red herring and they would prefer to see the authorities rule that unsolicited direct marketing calls are not a legitimate way of doing business. manuela saragosa, bbc news. earlier i spoke to martin bostock, who has been campaigning against nuisance calls. he started by describing the volume of phone calls he had been receiving. i had about 12 per day on my landline and that was very important because i do most of my work from home. also, at the same time, my very elderly pa rents home. also, at the same time, my very elderly parents were receiving perhaps eight or nine a day. in my mother ‘s case it was mostly charities and for my father it was scammers. he was in fact scammed. 0ne scammers. he was in fact scammed

the ico does need the information from people about these calls, and she will then tackle, use her powersbut surely, we will get on top of it and they will completely cease. campaigners say the new rules do not go far enough. they will not, for example, stop calls from fraudsters and note, too, that firms based overseas are not covered. the issue of consent, they argue, is a red herring and they would prefer to see the authorities rule that unsolicited direct marketing calls are not a legitimate way of doing business. manuela saragosa, bbc news. the labour mp, chuka umunna, will make a speech this morning urging his party's leader, jeremy corbyn to — in his words — "call off the dogs", and stop hardliners within labour from driving out the so—called moderates. two centre—left labour mps lost no—confidence votes by local party members in their constituencies this week. this morning, we're also hearing of the difficulties the former shadow chancellor, chris leslie, who is facing votes in his local constituency. 0ur political correspondent, pete saull is here. we had these votes of no confid

the ico does need the information from people about these calls, and she will then tackle, use her powerstop of it and they will completely cease. campaigners say the new rules do not go far enough. they will not, for example, stop calls from fraudsters and note, too, that firms based overseas are not covered. the issue of consent, they argue, is a red herring and they would prefer to see the authorities rule that unsolicited direct marketing calls are not a legitimate way of doing business. manuela saragosa, bbc news. richard herman says he's claimed more than £20,000 in compensation by sending invoices to the cold—call companies and is helping others by running the website, "say no to cold calls dot com. on what basis can you get £20,000 in compensation from these companies? this company kept calling me. i pointed out all the reasons that added up to £10,000 and they offered me £5,000 for it, and then they did it five more times, so it shows how they do not care about who they called and they do not even care about paying out £5,000 a time. but idid take about paying out £5,000 a time.

the ico does need the information from people about these calls, and she will then tackle, use her powers they will completely cease. campaigners say the new rules do not go far enough. they will not, for example, stop calls from fraudsters and note, too, that firms based overseas are not covered. the issue of consent, they argue, is a red herring and they would prefer to see the authorities rule that unsolicited direct marketing calls are not a legitimate way of doing business. manuela saragosa, bbc news. russian warplanes have lauched more airstrikes on rebel positions in syria's idlib province as government forces continue their military build—up. the united nations is warning of a major new humanitarian crisis — if syria and its russian allies launch an all—out military offensive. idlib is the last major rebel stronghold in northern syria. thousands of civilians are trapped in the area, and turkey fears a new refugee crisis if they are forced to flee across the border. the head of the us military says he's spoken to the white house about possible scenarios should syrian forces use che

the ico does need the information from people about these calls, and she will then tackle, use her powersthey will completely cease. campaigners say the new rules do not go far enough. they will not, for example, stop calls from fraudsters and note, too, that firms based overseas are not covered. the issue of consent, they argue, is a red herring and they would prefer to see the authorities rule that unsolicited direct marketing calls are not a legitimate way of doing business. manuela saragosa, bbc news. one person has been arrested in barnsley after a man was stabbed in the town centre. police were called to the area this morning and a number of shops remain closed. the victim suffered minor injuries. a couple and a child have had a miraculous escape after a tube train went over the top of them at baker street station in london last night. police say the woman was pushing a buggy along a platform before falling onto the tracks after being distracted by looking at the arrivals board. the fatherjumped down to help and, as they saw a tube approach, the three of them moved into a pit beneat

the ico does need the information from people about these calls, and she will then tackle, use her powerson top of it and they will completely cease. campaigners say the new rules do not go far enough. they will not, for example, stop calls from fraudsters and note, too, that firms based overseas are not covered. the issue of consent, they argue, is a red herring and they would prefer to see the authorities rule that unsolicited direct marketing calls are not a legitimate way of doing business. manuela saragosa, bbc news. david hickson is from the fair telecoms campaign, who are calling for an end to cold calling. when i hear things at this, i can't help but feel like we've heard this before, they will climb down on it. i still get the nuisance calls, and they often come from a withheld number so you can't block or reported. exactly, the government have had many goes of trying to punch out the regime, which has been in place for 15 years now, the same regime we had today is the one that was introduced in 2003, following exactly the same rules with tiny little tweaks. this has been true fo

the ico does need the information from people about these calls, and she will then tackle, use her powershey will completely cease. campaigners say the new rules do not go far enough. they won't, for example, stop calls from fraudsters and note, too, that firms based overseas are not covered. the issue of consent, they argue, is a red herring and they would prefer to see the authorities rule that unsolicited direct marketing calls are not a legitimate way of doing business. manuela saragosa, bbc news. it's emerged that a russian dissident who was murdered in britain in march believed that two men from moscow had tried to assassinate him five years ago. nikolai glushkov was found dead at his home in south—west london, a week after the former spy, sergei skripal and his daughter, yulia, were poisoned in salisbury. now the police have re—opened their investigation into an incident in 2013, in which mr glushkov was taken ill after drinking champagne with two russian men. richard lister reports. the murder mystery of nikolai glushkov, a prominent critic of vladimir putin, hasjust become a litt

ico africa people and projects that are changing our current for the better it's up to us. he could be. w. the first. welcome to in good shape coming up. slimming down getting rid of love handles by freezing them. red and irritated the symptoms of roasts asia and how to treat it.

it will allow the ico to issue more fines.mselves will eventually be personally liable. but there is no one single thing that will cut out all nuisance calls entirely. there is nothing bar some very sophisticated technology in networks that will stop illegal calls from just being made to your telephone. the former shadow business secretary, chuka umunna, will make a speech today urging jeremy corbyn to "call off the dogs" and stop labour mps being targeted for criticising the party leadership. mr umunna will say there is a danger of the centre—left tradition being driven out after two labour mps lost votes of no confidence among their local party members. a labour source called the comments "incoherent and inaccurate". the first member of president trump's election team to plead guilty to offences during the 2016 campaign has been sentenced to two weeks in jail. george papadopoulos, who was a foreign policy adviser, admitted lying to fbi agents investigating whether the trump campaign colluded with russia — something the presi

>>hoy maradona es el director de ico de los dorados de sinaloa.

ico's raise their capital in their cryptocurrency. in a: that's what you measure it in.ou measure it in. bancor launched our conversion technology across etherium and eos. both of these platforms are very interesting for different reasons. both of them have attracted a lot of developer interest. we're focused on making calls on top of those platforms. united states has so much capital to deploy. it has an incredibly fast transactions beats and low transaction costs for users, nearly free. bancor has been around much longer. there are hundreds of millions of dollars to point into that space on to that platform. plans to solve scaling and cost issues for users. nna: what kind of response have you gotten from uniting these powerful global infrastructures? ia: incredible. the company allows tokens to be exchanged in a frictionless way. it is a not-for-profit outside of the fees. it creates an exchange infrastructure that allows for to open stood be converted from one to the other without some of the problems we know plague exchanges. bloomberg has recorded tremendous problem

cryptocurrency and the icos were a buzz today in washington warren davidson from ohio hosted a majoround table with roughly 50 wall street representatives on capitol hill. topics included the regulation cryptocurrency token regulation and a bill planning to be presented to congress this fall attendees including big name venture capitalist abandresen horowitz, union square investors, crypto finance company circle, the nasdaq, fidelity, the key focus for the meeting included finding better ways to protect consumers from crypto fraud and regulate the currency more effectively. participants expressed frustration at what some felt was a lack of urgency, some worry that if the u.s. does not regulate soon innovation could flock to other countries in fact some executives raised questions over whether the s.e.c. was the right government agency to be regulating crypto or whether it should be the cfdc or possible possibly a new government organization dedicated to dealing with digital currencies crypto execs also campaigned that icos and instances of fraud gave the space a bad name and that fol

the ico does need the information from people about these calls, and she will then tackle, use her powersely, we will get on top of it and they will com pletely will get on top of it and they will completely cease. campaigners say the new rules to not go far enough. he will not example stop calls from fraudsters and note that firms based overseas are not covered. the issue of consent, they argue, is a red herring and they would prefer to see the authorities ruled that unsolicited direct marketing calls are not a legitimate way of doing business. the former shadow business secretary, chuka umunna, will make a speech today urging jeremy corbyn to ‘call off the dogs' and stop labour mps being targeted for criticising the party leadership. mr umunna will say there is a danger of the centre—left tradition being driven out after two labour mp's lost votes of no confidence among their local party members. a labour source called the comments "incoherent and inaccurate". the first member of president trump's election team to plead guilty to offences during the 2016 campaign has been sentenced to t

the ico does need the information from people about these calls, and she will then tackle, use her powersly, we will get on top of it and they will completely cease. campaigners say the new rules do not go far enough. they will not, for example, stop calls from fraudsters and note, too, that firms based overseas are not covered. the issue of consent, they argue, is a red herring and they would prefer to see the authorities rule that unsolicited direct marketing calls are not a legitimate way of doing business. manuela saragosa, bbc news. the former shadow business secretary, chuka umunna, will make a speech today urging jeremy corbyn to ‘call off the dogs‘ and stop labour mp's being targeted for criticising the party leadership. it follows a week in which two labour mp's lost votes of no confidence among their local party members. a party source dismissed the comments as "incoherent and inaccurate". 0ur political correspondent pete saull can tell us more. pete, will this intervention trouble mr corbyn? well, it is interesting. it seems like we are entering another period of intense mudsli

things are the way i like ico. day one of chicago is a rat and stephen is amazed with this clean sheet. and how incredibly well miss l. train it's. finally and now he has a new perspective on the pill and hopefully soon we can make it. next time on the great american pilgrim i'm from new york so like i like you on you i'm live in new york and i actually live on a farm in upstate new york long island new york new york new york new york new york city i'm from the can i can i am a little fun with you know. you sing like a children's tooth and. no one two three four five six seven nine ten. i saw. this i sleep. on them years as a kid when i let that fuse in rem. and the car is coming back remember. that the walls. already on the table which. that's discrimination and margin away zation of the ukrainian orthodox church one such cool if acceptance will presuppose that the ukrainian norse of the church should change its name and that it should be a name to the russian course the church in the ukraine it is something like

the ico have much increased powers and it will be encouraged to use them and there is no doubt that these later took up his case for social media giants to be more accountable. the problem seems to be that the government as a whole is either unwilling or unable to deal with the market dominance of the big tech giants. 0n market dominance of the big tech giants. on this side of the house, we believe these companies are running rings around governments, legislators and regulators and the reasonably for example than mark zuckerberg refusing to appear before the select committee. even rupert murdoch did that. is it time now right for a new single, powerful regulator to take on the big tech giants and redress this imbalance of market power? the other aspect of this that was not mentioned is the range of on line hubs where we can expect more assistance. there are a range of areas expect more assistance. there are a range of areas we expect more assistance. there are a range of areas we need to think about this. the tech economy has changed dramatically and the tech companies power has changed d

markets and there was greater opportunity for fraud and manipulation a separate alert from 2017 warned ico investors to be wary of guaranteed high returns and unlicensed sellers and this is exactly the language they used to warn against pot scams. the two found similar because they go to the very reason the sec exists in 1933, congress passed a law that securities act to protect investors because existing state laws back then were ineffective in protecting them against fraud. there really were people selling swamp land in florida back then. the following year, congress created the sec to do three thing, maintain fair and orderly and efficient markets, number one and facilitate capital formation and three, to put tech investors and given how many get-rich-quick schemes have pot and crypto investments and this is exactly what the sec should be doing back to you, melissa >> bob pisani at the nyse. is cannabis the new crypto we are getting our own cannabis king to give us the lowdown about what's the same about crypto and cannabis. >> boy, what is this if you remember, you were in business sch

and it takes capital all of a sudden as soon as the capital coming in slowed down, the ico people started selling their coins. and most of that selling i think is finished. we have had a substantial bounce in the last week or so either lucky or good and you know, more importantly, we're seeing institutions slowly getting ready to be in the space. first in the venture space you are seeing lots of activity in private markets as a matter of fact, it was a complete bear market in coins. a disastrous bear market in coins. but in privates you would never have known it was a bull market it's been a bull market in talent and it's also a bull market in stukss building the infrastructure needed for remoney investors to start investing in coins and so you've had goldman sachs announce that they are going to do custody they haven't give men a date yet. maybe in six weeks you have jeff spreker at ice investing big into a company called backed where they are small partners in there which is an exchange in custody and clearinghouse. and you have lots of other people getting into the space. and so i thin

the ico does need the information from people about these calls, and she will then tackle, use her powersd slowly but surely, we will get on top of it and they will completely cease. campaigners say the new rules don't go far enough. they will not for example stop calls from fraudsters, and note, too, that firms based overseas are not covered. the issue of consent, they argue, is a red herring and they would prefer to see the authorities rule that unsolicited direct marketing calls are not a legitimate way of doing business. now on bbc news, click. this week, video gaming addiction. lego roller—coasters. and poetry — straight from the lion's mouth. this weekend, at the vna museum in london, a new exhibition opens celebrating the art and design behind video games. design play disrupt tries to unpack some of the processes which have given rise to some of of the biggest game titles in recent years, like this, nintendo mega—hit splatoon, which somewhat refreshingly has squids firing ink rather than bullets in their quest to paint the world with colour. so here you can see the various stages o

the ico ruled that aqua facts uk branch failed to ta ke that aqua facts uk branch failed to take appropriate pay raise. some are planning to strike next month. it is part of an international day it of strike. and this is news has said that despite having a presence everywhere, it is still unable to hedge the impact of volatile currency markets. diageo now thinks sells pre—will be 100 million pounds short of their first estimate. beware of the punishing pundits. there is a countrywide investigation taking place in australia after several people found sewing needles inside their strawberries. a supermarket giant has stopped selling needles. let's have a look at the markets before we go. the pound is higher off the back of the data that shows that retail sales were higher in summer because of the sunny weather that we had. that has boosted sales and that has played into the stirling. it is a bit higher. it has helped the ftse today as well. this guys share price does not seem to have changed too much. it is in the green, but i suspect on monday it will be a different story after we conclude who

was fascinating over the holiday season, i saw a chart of the stores accepting bitcoin and then with ico, there is other kinds of currency out there. >> it is incredible. bitcoin with the wallet selection, people are more secure about it. i think the phase the initial scare is kind of over and people are trying to embrace it and figure out that is the next new thing. anything where they are doing a simple and fast and secure is the way of the future. >> so how do you pars all of this out as a business owner and figure out what you should be following or offering. >> sure. it is tough. what you first have to look at is who are you trying to target and what is your customer base and your goals for the future. are you running a brick and mart or or online and then figure out with that target base, what is going to appeal to them to have them keep coming back to you. and as you do that, you'll find the right solutions. go out and do your research, find out who you want to do partnerships with, bring them in, see what connects and what you can do in very simple with your administrations and m

nature of it, which will be the people side, and then also liaising with the regulator, that's the ico fines issued under the general data protection regulati the gdpr, whichjust came into effect this year. we don't want to prejudge anything about how this has happened yet because we don't know. jobs are being created and starting salaries are rising. after years of close to full employment, it seems finally wages are rising. earlier this week in the purchasing managers index report on services, there were signs that employers were raising wages to keep hold of their best staff. now a report from the recruitment and employment confederation confirmsjob placements are on the rise, and so are salaries. neil carberry, who is chief executive of the recruitment and employment could confederation joins me. after all this time we have had pretty much full employment and finally wages are moving upwards. toa finally wages are moving upwards. to a sound are getting on with it. there is political uncertainty at the moment but the moment but demand is good. the other thing to point you, there is

her husband found her after the attack monday night at their home ico mbia. we're told the bit pull mix was standing over her body. he called911 and tied the dog to a fence post. the family is in shock. >> this was one animal she thought she could save. an animal that needed to be rescued and the animal, unfortunately, killed her. ed.the dog was euthan conway had adopted the pit bull from out of state. >>> new this morning, toyota plans to recall a more th million vehicles including its galine high bride prius model. there's an issue with the engine harness. it issues effects vehles in japan. >>> there is now a new quicker option to pedal your way through the dmz. these new electric assist bikes areable starting today. according to our news the bikes have a motor to help boost speeds upo 18 miles an hour. the bikes are not permanent. it's a pilot program through november. if all goeselit could be expanded next year. the same model is being trialed in san francisco, new y.k and montre it's like the place to test it. >>> one of the major tech companies doing to

the first one was this company like a walmart for ico's and they failed to register as a -- and withro handling digital tokens, they were deemed as securities. the other was a crypto hedge fund. caroline: we will have plenty more to come. this is bloomberg. ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. mark: i am mark crumpton with first word news. president trump says he expects hurricane florence to be among the worst storms to ever strike the united states, but that the federal government is prepared to respond to the disaster. the president spoke to reporters after seeing an over office briefing from the heads of homeland security and fema. >> hurricane florence and other tro

. >> and coming up on "fast money," could the ico crackdown on the which for krip o.e will tell us her view. top of the hour, "closing bell" back irsthand. like e-commerce spurring cardboard demand. the pursuit of allergy-free peanuts. n and mobile payment reaching new markets. this is strategic investing. because your investments deserve the full story. t.rowe price. invest with confidence. ♪ 2 introducing the all-new corolla hatchback. toyota. let's go places. >>> welcome back to the "closing bell." the fed rate decision is tomorrow steve liesman joins with us a preview of what to expect. hey, steve. >> hey, you can't talk this without the rest of the year look at the one in december. look at the fed expect aches in the cnbc survey. 98% look for the hike in september. 96% which is good agreement and four rate hikes expected in '18 and 2.5 tells you that half of the men and women think there is three and 3.92 the director of fixed income at has been areford in response to the survey, the fed funds increase in september and december are as certain as certain can be th

or another country outlawed ico's or something like that from of those times are when we see big movesabout ,nstitutional demand, goldman what is interesting is back in december what we were seeing what bitcoin whistle ringtone all-time high, we were hearing that always big financial institutions were getting their feet wet, starting teams to work on crypto and blockchain's and had all the stuff in the works. billions of dollars in money waiting on the sidelines. it was about to jump in. what we are seeing now is maybe it will take a little longer to jump in. so it is not really that big institutions are shutting down crypto operations it is that they never really started them i think people thought they were going to really soon and that clearly has not really happened. lisa: thank you so much for that perspective. of course, you can always check .v if you want to find out how will deliver market is doing, you can find out. fell tofor unemployment the lowest in five decades. check it out. this is bloomberg. ♪ caroline: this is "bloomberg markets." lisa: timeout for options inside

not only that -- let me pile in more bad news while we're at it in terms of the funding, the ico's happeninge initial coin offerings. since mayts lowest 2017, $326 million. compare that to the first three months of this year, something on the order of $3 million on average per month. versus $326er month million, you can see there is a live uncertainty. investors saying, we are not sure what is happening, we are going to hold our money back for now. and i guess i will say dot dot dot into the future. haidi: that could be a bit of positivity from citigroup, these reports looking into a new way to invest in the digital sector. ramy:. that's right i'm going to hop into another bloomberg terminal chart. why don't we take this while we are talking about that? this is what you look at in terms of the year to date, bitcoin and cryptocurrency have been sliding down. i will talk about this new thing that citigroup has come out with. we were talking about 80 yards -- adr's, american depository receipts. i'm going to flip those letters and dar's are what we are talking about with citigroup, digital asse

i think y see just a continual sort of increase ico the ern, the extraordinary measures that people are taking. i do think things will get worse before they get better. i don't know how donald trump is going to react to this. a wounded lion is a very dangerous animal and i think donald trump is we still haven't heard from the mueller team in terms of what else might be out there. >> can i ask you one other thing? you're former official and i'm sure you've had your moments where you weren't loving the press or the questions, but mike pompeo said it shouldn't " a liberal newspaper o"the new chose to print such a piece and i have to tell you i find the media's efforts in this regd to undermine this administration incredibly disturbing. he's pointing the finger at the purveyor of the information as n who wrote he per the article. >> this is consistent with what donald trump has done which is to degitimize the free and open press because of the concern that the press is exrosing theems of this administration. so mike pompeo is i think followingt t line. the president has done a very good job

section covers and the frauds and swindles we're looking at, primarily right now it's a lot of the icosinitial coin offerings. also what we're looking at is a lot of investment fraud schemes, typical ponzi scheme a lot of people are just -- since the emergence of crypto currency eight, nine years ago and with the spotlight being put on it december or so, when bitcoin hit 20,000, that was a big catalyst for us to start seeing fraudsters get into this of how they're going to take advantage of retail investors in all of these security type schemes. we work with the s.e.c., cfdc, partners in other federal law enforcement as well to identify and convict these criminals. >> are we -- when i say we, the government, the people, are we up to the task to take on these fraudsters in other words, do you have the resources, the technical skill, the ability to win this arms race >> i wouldn't term it as an arms race it's just like the emergence of a computer 15, 20 years ago. we were, you know -- not everyone is computer savvy we used our resources and our training it's what we've been doing 110 year

lumped together but they have very different approaches to the collection and use of consumer data ico respect we will have candid testimony about their products and services and how new privacy requirements will impact themm we want to hear how they are planning to comply with the gd pr and the california consumer privacy act and the steps they should help protect from privacy. this is not the only hearing we will hold to have an industry only panel here today but that going to the benefit without those views of why we are here over the next month we will have a second hearing to incurred one - - privacy with the stakeholders. california privacy activist the head of gd pr has agreed to attend and also while we haveve not act with privacy law this is not a new issue for congress. congress has enacted laws enacting particular segments of the population and the economy such as online privacy protection act but now we have arrived at a moment there is a strong desire for public interest groups to reach a consensus on a national privacy law to help consumers reward organizations for practi

nature of it, which will be the people side, and then also liaising with the regulator, that's the icoe down. yes, they very sharp fall. 0ne headline grabbing thing is that mr musk has been smoking marijuana on a podcast. it is not illegal. dave morton, a former cfo for computer—drive maker it‘s because tesla‘s chief accounting officer gave notice he s resigning one month into thejob, citing the level of scrutiny on the electric—car maker. dave morton, a former cfo for computer—drive maker seagate technology plc, joined tesla one day before his boss elon musk tweeted that he was considering buying out some investors at $420 a share and taking the company private. the ceo abandoned that effort 17 days later, and in the process drew a subpoena from the securities and exchange commission and a series of lawsuits the other thing is that there‘s a possibility of legal cases coming out against tesla because of what musk said about taking the company private. all of this is building up a picture of a company that desperately needs to be focused on turning out these electric cars, which are go