u.s. bank j.p. morgan has come up with its own j. p. m. point very inventive it well let's talk to tell us how he's from the block chain application platform. so as is bitcoin finally coming of age i think so i think we're seeing like true mainstream adoption starting to kick in over 125 percent up. beating basically every asset in the world gold stocks s. and p. 500 and i think the main driver of that is institutional investors they really see the use case behind bitcoin beyond speculation and i really putting putting assets in place should i be kicking myself i mean i was thinking about investing at the end of last year i don't want to go near it while the speculate is we're all involved in the prices were going crazy last year but could it be set for more of a roller coaster ride i mean who knows yeah absolutely i think it's easy for me to predict that i think we will see prices above 100000 dollars eventually in a timeframe of 3 to 5 years due to all institutional investors big companies like sam soon facebook already mentions investin

u.s. bank j.p. morgan has come up with its own crypto currency the j p m coin now earlier i. philip zentner of the blocks and center of the frankfurt school of finance and management what he thought was behind this surge cryptocurrency yeah thanks for having me well from my perspective it shows that the technology is really pretty and there has been some ups and down you know as always in capital markets and now the technology is basically show off its real value and it's also the needs to in my personal opinion the new up rise with regards to especially because in part also author currencies what is the real value of a crypto currency to talking about. the out so you need to imagine it as a base layoff or trust such that all kinds of organizations and individuals can actions upon it it can potentially be some kind of store of value once the volatility fades away and therefore i personally think that not just the technology's pretty and her partner will also be some quite huge importance in the future do you think there could be a currencies have gained more obligate lost by

u.s. banking giant j.p. morgan has come up with its own crypto currency the j b m. for more on all things crypto let's bring in phil of zen now he's the head of the block chain center at the frankfurt school of finance and management good to have you on the program philip what's behind this latest surge in cryptocurrency prices. yeah thanks for having me but from my perspective it shows that the technology is really pretty and there has been some ups and down you know as always in capital markets and now the technology of basically shows its real value and it's also there needs to in by person looking at the new up rise with regards to especially because in part also are critical currencies what is the real value of a crypto currency to talking about. the out so you need to imagine it as a base layoff of trust such that all kinds of organizations and individuals can actions upon it it can potentially be some kind of thorolf well you want volatility fades away and therefore i personally think that not just the technology is pretty and but there would also be some qui

u.s. these are really big names this is people like bank of america blackrock fidelity j.p. morgan u.s. bank or vanguard and wells fargo bianca you've worked as a financial analyst how big. big is the business of investing in a curse or recession and. what effect does it have and why is it so critical that we stop it. super important so there's many many institutions many of the ones you just named all of which are household names that are invested in the prison industrial complex are financing construction bonds some are equity investors in private prison companies or other services companies that service prisons and jails i'm in shock while that in the communities that are affected by that. as you said i was a financial analysts are very familiar with sort of how a lot of these models are built how many of these tools these financing tools function in order to build and construct prisons around the country and so i think one of the interesting things that recently happened. that was actually exciting for advocates and activists all over the country was when j.p. morgan announced and we

u.s. participants and we just pulled a deal for a canadian company that jeffries and j.p. morgan and large banks. u.s. companies, big desk the companiese pure u.s. will get there and we are looking forward to it. shery: you had a really unique way of going public. how did your company deal with the processes of these unique ways to go to the public funds? dan: we are in agile institution. we formed a special-purpose company that were vehicles to wish companies could go public relatively quick. we are well integrated with the s inil investment advisor canada and it was a pool of money which we merged with columbia care to take it public. it is a leading company in new york and a phenomenal operator and we were proud to merge with them as a way for them to go public. amanda: on the valuation side, there are those that would say these are agricultural companies until they get intellectual property behind them. are we getting the next wave of innovation? dan: you should have your reporter asked cruz linton whether he is an agricultural company. we have spent millions of dollars in developing strains

u.s. justice department and other federal agencies, which are investigating danske bank. it's cooperating with the investigation, as are j.p. morgan, bank of america, and deutsche bank u.s.a. none of the banks accepted our requests for interviews. the case could end up with hundreds of millions of dollars in fines, and under u.s. whistle-blower laws, howard wilkinson could potentially share in the proceeds. i mean, you were the whistle- blower in this case, correct? >> wilkinson: i guess so. >> kroft: under u.s. law, you could end up being rewarded with a substantial amount of money. >> wilkinson: back in december '13, the idea that this would be a case that the u.s. department of justice and s.e.c. would ever have any interest in would never even cross my mind. you know, the bank should've investigated it, sorted it out. what happened? basically nothing. it's shocking. >> kroft: it's impossible to say exactly where the $230 billion of dirty money originated, beyond the banks of moscow. it's been estimated that about a third of the russian economy is off the books. awash in cash, much of it is from corruption, bribes, and tax evas

u.s. there is more of this normalization of bitcoin and 2015 is really the attempt by many participants in quine to kind of agree with the banks try to get goldman sachs try to get j.p. morgan on side try to participate in our 3 this consortium of blocks big coin and we have in new york the bit licens june 2015 the final draft of bit license in new york is published soon after publishing this final draft of the new bit license law in new york which would ultimately drive all the bitcoin industry out of new york bend lawsky who wrote this law then joins a cryptocurrency for so here we have this like attempt to be the 1st new member at the time it was but license is going to bring all bitcoin industries here and we're going to make it. and it's going to be legitimate and it's going to be blessed by the wall street regulators this is wall street the new york department of financial services thinks that they're going to make bitcoin this blace not because they're going to host it all in new york city. so you are 7 forging the path forward for big queens bitcoin is very anti-state. restoring rights to the individual but the fact is that you're being proactive like it's better to