and the winklevoss twins joined the ranks of the world's billionaires. all thanks to what else?itcoin. they explain why they took a chance on cryptocurrency. first, to our lead. net neutrality is no more. the fcc voted to repeal the obama era internet protections designed to keep broadband providers from favoring content. the republican member commission voted 3-2 to end the protections known as net neutrality. the vote came amid intense protests online and in person from defenders of the rules, who say this will create haves band have-nots when it comes to accessing content. but fcc chair ajit pai heralded the return to what he calls a free-speech market approach, saying it is time to restart that's restore internet freedom. we are restoring the light touch framework that has governed the internet for most of its existence. joining us now, one of the people who voted to repeal it, fcc commissioner brendan carr, who was nominated by president trump. commissioner carr, thank you so much for joining us. you said today is a great day, many people say this is an awful day. what don'

the winklevoss twins join the ranks of billionaires thanks to bitcoin.oshiba and western digital have agreed in principle to settle their legal dispute over the sale of toshiba's flash memory business. toshiba agreed to sell that business for $18 billion. we will have more for you on that story later in the show. there's going to be a call at about 30 minutes. we will continue to bring you all the details, but first, i want to bring in a bloomberg intelligence reporter for more. we knew they were reaching a settlement, but now we know the terms of that settlement. walk us through those terms. mark: i have had not a chance to look at the terms. they are still coming out. western digital sandisk was disputing that toshiba has the adequate rights to sell interest in a joint venture between western digital and toshiba. they have been in litigation in california state court, arbitration proceedings that were set to conclude in the first quarter of next year right around the same time as the sale needed to be completed. it was in both companies best interest t

i want to start off with the winklevoss twins. how did they a message a stake and how big is it?he dispute with facebook. they have use that to go into various investments come and one of them in 2013 is they bought $11 million worth of bitcoin. we have been tracking the price of that. worth $1er that was billion, and now after the bitcoin pricing, it is $1.7 billion, which has made them both billionaires. as long as you can liquidate that bitcoin holding. emily: is it true that the vast majority of it coin wealth is held by a very small number of people? >> there is some interesting reporting out of bloomberg of dozens oft whales who own 40% of the is they, and that to me most interesting point of contention here. if someone wants to sell out, a big $100 million bitcoin holding, how will it affect the market? willf their sales influence the market, at least in terms of other equity markets where you have more limited volume and trade. hales holdthose w an oversized amount of influence in this uncertain and rapidly developing market? >> definitely. you can see that in these big f

emily: coming up, the winklevoss twins may have missed out on becoming billionaires, but bitcoin hasing the club. a reminder, all episodes of bloomberg technology are live streaming on twitter. check that out at 5:00 in new york, 2:00 p.m. in san francisco. this is bloomberg. ♪ ♪ is this a phone? or a little internet machine? it makes you wonder: shouldn't we get our phones and internet from the same company? that's why xfinity mobile comes with your internet. you get up to 5 lines of talk and text at no extra cost. so all you pay for is data. see how much you can save. choose by the gig or unlimited. xfinity mobile. a new kind of network designed to save you money. call, visit, or go to xfinitymobile.com. hi >> welcome back to the best of bloomberg technology. bitcoins massive rally is helping some of the overshadowed competitors. this is the second and fourth-largest cryptocurrency surged to all-time highs. this is on optimism that is quite beautiful track institutions to the fledgling market. two people riding high on the wave are the cofounders of the bitcoin cryptocurrency excha

according to the winklevoss twins at least. thank you maria for tainter view president trump reacting to reports the fbi deputy director will retire early next year. we are going to follow the agency our panel is going to weigh in as we look ahead on this christmas eve on sunday morning futures. trish: president trump going after the deputy director of the fbi suggesting andrew mccabe maybe biased in favor of hillary clinton, all amid reports of his imminent retirement. our more shake ups in the works at the agency let's bring in our panel jessica, democratic strategist and senior director of research and james freeman, assistant editor for the wall street journal's editorial page both are fox news contributors great to see you merry christmas i like the christmas tie. why did he ever take on this investigation into hillary clinton given that his wife had received money for her campaign from people close to clinton? i mean don't they have any kind of sort of sense of chinese wall at home? >> well, i think whether it's at home o

and the winklevoss twins joined the ranks of the world's bill

according to the winklevoss twins at least.ent trump reacting to reports the fbi deputy director will retire early next year. we are going to follow the agency our panel is going to weigh in as we look ahead on this christmas eve on sunday morning futures. [lance] monica, it is absolute chaos out here! gale force winds, accumulations up to 8 inches... ...don't know if you can hear me, but [monica] what's he doing? [lance] can we get a shot of this cold front, right here. winter has arrived. whooo! hahaha [vo] progress is an unstoppable force. brace yourself for the season of audi sales event. audi will cover your first month's lease payment on select models during the season of audi sales event. trish: president trump going after the deputy director of the fbi suggesting andrew mccabe maybe biased in favor of hillary clinton, all amid reports of his imminent retirement. our more shake ups in the works at the agency let's bring in our panel jessica, democratic strategist and senior director of research and james freeman, assista

according to the winklevoss twins at least.ia for tainter view president trump reacting to reports the fbi deputy director will retire early next year. we are going to follow the agency our panel is going to weigh in as we look ahead on this christmas eve on sunday morning futures. (siren blaring) ♪ working as an emt in a small town usually means hospitals aren't very close by. when you have a really traumatic injury, we have a short amount of time to get our patient to the hospital with good results. we call that the golden hour. there's nothing worse than when we're responding to the hospital, and the hospital doesn't have the right specialist. evaluating patients remotely, by an expert, is where i think we have a potential to make a difference. robots can do a lot in medicine these days, but they can't think. they're still machines. for nuanced decision making, we still need humans. we would save a lot of lives if we could bring the doctor to the patient. verizon is racing to build the first and most powerful 5g network that

according to the winklevoss twins at least.nk you maria for tainter view president trump reacting to reports the fbi deputy director will retire early next year. we are going to follow the agency our panel is going to weigh in as we look ahead on this christmas eve on sunday morning futures. when a cold calls... achoo! ...answer it. with zicam cold remedy. it shortens colds, so you get better, faster. colds are gonna call. answer them with zicam! zicam. get your better back. now in delicious fruit drops. performing on stage takes mental and physical preparation. but one thing i never thought to prepare for was cervical cancer. 91% of cervical cancers are caused by the human papillomavirus or hpv. the good news is, there are vaccines that can protect you or your children from cancer. i survived my cancer. but you can stop cancer before it starts. talk to your doctor and go to thinkaboutthelink.org to learn more. trish: president trump going after the deputy director of the fbi suggesting andrew mccabe maybe biased in favor of hi

. >> welcome back to "wall street week" and more on the interview with the winklevoss twins.aria: have you sold any bitcoin so far? >> we purchased tickets to space a couple years ago and we clearly overpaid for that. but look, we believe long-term there is still a long way for bitcoin value to go from here. we think it is gold to plano and his distracting gold which is a $6 trillion market cap. if you look today at 300 alien dollars, it looks like it's certainly appreciated quite a bit in the past year. we have been saying for the past five years when bitcoin was a $1 billion market cap, the better gold if you look at the properties of gold, and like scarcity, divisibility, portability, bitcoin equals or surpasses gold across each categories. for example, gold is scarce, bitcoin is actually fixed at 21 million traded divisible into 100 million pieces. it's hard to cut up bars of gold and they are hard to move. they are not nearly as portable. part of this i think is a generational thing. i hate to say that. if you talk to millennial circuits on the street, they don't want ha

scarlet: you also represented the winklevoss twins.concern that bitcoin etf's would be a derivative of a derivative. from where you sit, talk to us a little bit about the structure of the etf and why the wrapper of the etf should not inspire confusion or bewilderment. kathleen: it usually involves a physical deposit, and those are deposited into a trust and shares are issued, those ripping full on the exchange and those things are redeemed. when a redemption occurs, you get back in proportion to the number of shares. when you talk about a derivative etf, that would be one that has derivatives in it like futures or swaps. scarlet: when we talk about the bitcoin etf, that would be a derivative. kathleen: there are several different kinds pending. one is with the coin futures. scarlet: the launch of bitcoin futures paves the way for a bitcoin etf. here is what dan gallagher told us. dan: truth be told, the substance of some of the concerns that fec had will remain. i don't expect this to be an area where the sec moves precipitously just b

according to the winklevoss twins at least. you maria for tainter view president trump reacting to reports the fbi deputy director will retire early next year. we are going to follow the agency our panel is going to weigh in as we look ahead on this christmas eve on sunday morning futures. i accept i don't conquer the mountain like i used to. i even accept i have a higher risk of stroke due to afib, a type of irregular heartbeat not caused by a heart valve problem. but whatever trail i take, i go for my best. so if there's something better than warfarin, i'll go for that too. eliquis. eliquis reduced the risk of stroke better than warfarin, plus had less major bleeding than warfarin. eliquis had both. don't stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve or abnormal bleeding. while taking eliquis, you may bruise more easily... ...and it may take longer than

price of the cryptocurrency and track it on gemini digital currency exchange founded by the winklevoss twins in just another week the chicago mercantile exchange will begin trading its own futures to it will you.

price of the cryptocurrency and track it on gemini digital currency exchange founded by the winklevoss twinsin just another week the chicago mercantile exchange will begin trading its own futures to it will use several big corn prices on a few different exchanges and over in france finance minister bruno lemaire announced they'll begin trading unlisted securities using block chain technology changes will come into effect in july and will only apply to unlisted securities that aren't required to be traded by a broker lemaire said the use of this new technology will allow fin tech firms and other financial actors to develop.

the crypto—currency, bitcoin, is reported to have created its first billionaires, the american winklevoss twinsder mark zuckerberg in 2008, accusing him of stealing their idea for a social network, and invested about $11 million in bitcoin. cambodia's democracy has taken several steps backward recently as the main opposition party was banned, its leaderjailed, and most of its leading politicians driven into exile. long—serving prime minister hun sen has also accused the united states of conspiring to overthrow him. over the weekend, he ordered a lavish buddhist ceremony at angkor wat, the seat of cambodia's ancient kings, to pray, he said, for unity and peace. our south east asia correspondent, jonathan head, was there. trappings fit for a modern—day king. the man who is ruled cambodia for 32 yea rs shows the man who is ruled cambodia for 32 years shows his country's most famous landmark as a backdrop for this elaborate prayer ceremony. confusing the tourists, who found their expected route into angkor wat no longer open. at 65 years old, hun sen is visibly slower than he was, but his hold on p

will be forever remembered for its crypto currency bubble as people across the world from the winklevoss twins to the random twitter feed investor who barely understands the difference between a bike chain and a block chain are making millions of dollars overnight perhaps is about time we sit down and figure out what what is going on in the world the air and to do that we're joined today by just the right guests today that our children former commissioner of the u.s. commodities futures trading commission thank you for joining us barclays will be with you guys so i want to bitcoin rich this week all time high sixteen thousand and similar currencies like what was it like coin again and i popping forty five hundred percent again for this year as the final expert how comfortable are you with quick crypto currency that leave now. with the prices on the volatility i think there's going to be a digital currency or crypto currency that will survive it probably will be bitcoin but it's not a sure thing but something's going to survive there are literally hundreds of these things out. there you you you

price of the crypto currency and track it on gemini digital currency exchange founded by the winklevoss twins in just another week the chicago mercantile exchange will begin trading its own futures to the it will use several bitcoin prices on a few different exchanges and over in france finance minister bruno lemaire announced they'll begin trading unlisted securities using block chain technology changes will come into effect in july and will only apply to unlisted securities that aren't required to be traded by a broker lemaire said the use of this new technology will allow fin tech firms and other financial actors to develop new ways of trading securities that are faster cheaper more transparent and safer while bit coin and the block doing well in the u.s. and france it's a different story in some other countries like belgariad back in may a bulgarian authorities arrested dozens of people accused of a legit customs fraud following an investigation by the southeast european law enforcement center after the raid officers confiscated five hundred million dollars in between which is now worth t

bitcoin continuing meteoric rise today, early investors the winklevoss twins of facebook fame becomingtcoin millionaires. many americans are thinking it could be their lottery ticket too? next the money managing panel on what to watch out for and whether it's too late to get in? after this. i've been thinking. think of all the things that think these days. businesses are thinking. factories are thinking. even your toaster is thinking. honey, clive owen's in our kitchen. i'm leaving. oh never mind, he's leaving. but what if a business could turn all that thinking... thinking... endless thinking into doing? to make better decisions. make a difference. make the future. not next week while you think about it a little more. but right now. is there a company that can help you do all that? ♪ i can think of one. ♪ . liz: breaking news, the majority of the senate voting to pass a temporary two week spending measure that the house just passed to avoid a government shutdown tomorrow night. voting continues, both republican and democrat leaders met at the white house today to discuss an agreement

let's start off with the winklevoss twins.y amass such a stake question mark and how big is it? >> you can trace it back to facebook and mark zuckerberg. and got $20 million in cash facebook stock. he used that to go into various investments, and one was in 2013 they bought $11 million worth of bitcoin. we have been tracking the price of that, and in december. $11 million was worth one billion. after the last week, it has risen to 1.7 alien which has made them both billionaires. as long as you can liquidate that bitcoin holding. emily: is a truth the vast majority of bitcoin wealth is hold -- is held by a small number of people. >> there is interesting reporting out of bloomberg. there are dozens of wales -- whales who own 40% of the currency. wants to sell out, a big $100 million, how will it effect the market. it,r sales will influence in terms of other equity markets, more limited volume and trading. andy: do those whales hold oversized amount of influence in this rapidly developing new market? definitely. you can see that

but despite the more than 1,000% gain this year, cameron winklevoss, one half of the twins reported torld's first bitcoin billionaires, told cnbc that he thinks it could still go higher. "long term, directionally, it is a multitrillion dollar asset i don't know how long it takes to get there," he told our seema mody the launch of a bitcoin futures market represents an important milestone for the cryptocurrency known for its price swings most institutional investors had been prohibited from trading bitcoin because it was not listed on a regulated exchange previously, futures also give investors a chance to more easily bet against bitcoin cme and nasdaq are expected to offer similar futures markets for bitcoin in the weeks and months ahead, guys >> i wonder when the winklevoss twins, if they sell any of their bitcoins at this point, because it's one thing to be a bitcoin billionaire on paper it's another thing to actually have that money in the bank. >> right well, i think a lot of people, the rise that they're betting on is based on others getting into the cryptocurrency there's not muc

let's start off with the winklevoss twins. how did they amass such a stake , and how big is it?trace it back to facebook and mark zuckerberg. in that, they each got about $20 million -- they got about $20 million in cash and about $45 million in facebook stock. they used that to go into various investments, and one was in 2013 they bought $11 million worth of bitcoin. we have been tracking the price of that, and in december, that $11 million has reached a market cap of about $1 billion. after the last week, it has risen to $1.7 billion, which has effectively made them both billionaires. as long as you can liquidate that bitcoin holding. emily: is it true the vast majority of bitcoin wealth is held by a very small number of people? >> there is some very interesting reporting out of bloomberg. there are dozens of whales who own 40% of the currency. an interesting point of contention is if someone wants to sell out, a big $100 million, how will it affect the market? a number of big players their , sales will influence it, in terms of other equity markets, much more limited volume a

awards ceremony and they're very, very brave male counter parts, including dwayne johnson and the winklevoss twins brave, the guys will be wearing black, too. have you ever heard of a man wearing black to an awards show? incredible. >> profiles encouraged. >> i ask for sentimental tears. >> take that. >> smith wanted to thank his parents after he was drafted. he brought his parents a home. listen. >> all the sacrifices you made to get me where i am, i want our family home to be yours. so so i'm -- you can't do that. >> he paid up their mortgage. >> check it out. it was a good interview. >> and special thanks to a tree. nixon walked by it. herbert hoover ate under it. planted by andrew jackson during the campaign, 1828 to 1837. they're blaming melania. an expert told her to do it. andrew jackson lives on. not as big. pieces will be taken off and planted elsewhere. so don't panic, america! >> and thank you very much. don't ever miss an episode of "the five." there's a quiz at the end. make sure to use your dvr. now it's time to go to mike emanuel. he's my only friend. >> aren't you usually taking a

as of yesterday's morning a single bitcoin's value was just over $11,000 so the winklevoss twins own one of the largest portfolios of bitcoin in the world which is worth just over a billion dollars. they're going to do all right. >>> if you take a selfie with a wild animal instagram has a warning for you. the change they are making to everyone's feed. >>> congressman john conyers is expected to announce that he won't seek reelection, why his seat could stay in the family. >> here is a look at "good morning america" 7:00 a.m. >> a fast moving wildfire exploding in southern california overnight forcing mandatory evacuations, knocking out power to thousands of homes. we are going to hear from officials on the scene this morning and i can tell you that those santa anna winds will be here through thursday. james franco and seal both here live. live. it's all coming up o weaving your own shoes... by out of flax. or simply adjust your thermostat. do your thing, with energy upgrade california. >>> it is 6:24. we continue to watch devastating burning this morning in ventura county and already

so now the winklevoss twins own one of the largest portfolios of bitcoin in the world worth just overillion bucks. >>> if you don't have that kind of money perhaps it's a little hard to make ends meet when you're paying for college. now some uc berkeley students have found a way to save tens of thousands of dollars. according to the daily cow students are getting married to save money. for some that means saving nearly $30,000 on an annual out of state fee. university officials say these marriages are not unique to uc berkeley and that there is no way to determine if residency is the motive behind a marriage. an out of state studen comes here, goes to uc berkeley, marries his or her friend at college and is able then to establish residency and to say they are financially independent, therefore, they get the cheaper tuition. >> that is so fascinating. >> it's happening. take a look at this creative way anheuser busch told a smaller competitor to back off. >> dilly dilly is the motto of our realm so we humbly ask that you keep this to a limited edition one time only run. >> he is making

we got off -- winklevoss and his twin are among the largest holders of bitcoin.lution to the north korea nuclear standoff. even as the regime touted talks at the u.n. beijing to the outlook for the peninsula is pessimistic and wants all sides to end what it called a vicious cycle of confrontation. a team visited pyongyang over the weekend and said they will agree at all -- communicate at all levels. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. amin.aslinda this is bloomberg. yvonne: thank you. we want to talk about bitcoin, given what we have seen here today. we have other asset classes, equities and asia heaping pretty slow. they are mixed right now. flat on the regional benchmark. the latest with david ingles. david: we have got back all of the gains -- given that all of the gains. you can see we are all in yields pushing higher, and the emerging tenure in japan -- just to give you a sense, let's look at the chart. higher,, started out there we go. now we are pushing towards a low for the session. yo

whether you believe winklevoss twins will replace gold i can tell you that.'m a kids soccer game last weekend the holiday table, i miss living in new york for this reason because the taxicab drivers know everything. telling me about the price of bitcoin and where it going and that means everyone in everybody wants to be in the space right now and people rush in and the prices will go up. >> james freeman at "the wall street journal." you like to look for those few profits. i don't see them in these exchanges. is there a lot of money for you to extract or do you have to basically take people's actual coins and is that tough to do? >> it's a great question. the exchanges right down the largest in the u.s. whether coin boys or gemini, they are doing billions of dollars in business. quite invasive couple months ago over the summer is a lifetime. they raised over $120 million in the billion dollars valuation. coming for these exchanges and putting money into it, the valuation if you look at doubling or tripling gives claim based in there and not the biggest exchan

don't forget we are talking with the winklevoss twins coming up. the first bitcoin billionaires joining us live on the set, not. first, more harsh winds and no rain for days as the california wildfires rage on 2000 structures have been damaged. more people being forced from their homes. we've got the very latest. two major hospital systems in talks to create a health system that would include 200 hot does in 27 states. what does that mean for you? back in a moment. fidelity. open an account today. fidelity. they appear out of nowhere. my secret visitors. appearing next to me in plain sight. hallucinations and delusions. these are the unknown parts of living with parkinson's disease. what stories they tell. but for my ears only. what plots they unfold. but only in my mind. over 50% of people with parkinson's will experience hallucinations or delusions during the course of their disease. and these can worsen over time, making things even more challenging. but there are advances that have led to treatment options that can help. if someone you love has

this concentrated ownership issue, the week of us twins on twins,- winklevoss on paper, are billionairesthat's made famous by the investment in facebook and their dispute over that. it has seen an extraordinary change in fortunes of early investors. carol: i love the statistic that it has gained millions of percent in trading. that is hard to get your head around. when you think about when one big investor starts selling, what happens? megan: and when he has a lack of transparency we have currently. you cannot attribute it. we do big share selloffs when people would get liquidity or an m&a deal. when warren buffett sells off on imb -- ibm. we don't know what the underlying motivation is, profit taking, concern, they know something we don't. that is the issue. julia: let's move to the cover story in particular. what happens in a country when 97% of the population who use the internet are on facebook? megan: this is a fascinating tale. we spent a lot of time talking about fake news. this is really ground zero. it is in the philippines. the story traces the rise of a controversial leader of