At first glance, Mario’s Gourmet Deli, a New York City bodega on the corner of West 106th Street and Amsterdam Avenue, looks like a regular corner store. But inside there’s an ATM that gives folks access to what some view as the future of payments and finance: bitcoin. The recently installed ATM was featured in a New Yorker piece by Ian Parker, who described it as a “machine with the body of a regular ATM…"I bought bitcoin at a deli — here’s how it works"
Jamie Dimon landed a second hit in his fight against bitcoin. One day after the JP Morgan Chase chief called the digital currency a “fraud,” the bank released a scathing report on the red-hot investment, calling its legitimacy into question and comparing it to “pyramid schemes.” The price of bitcoin, the largest digital currency, fell… bitcoins | New York Post"JPMorgan CEO doubles down on trashing bitcoin"
JPMorgan CEO Jamie Dimon doubled down on his anti-bitcoin position, saying cryptocurrencies like bitcoin and ether ‘are a kind of novelty.’ While talking to CNBC India on Friday, the billionaire banker said the recent proliferation of initial coin offerings, a red-hot cryptocurrency-based fundraising method, and digital coins like bitcoin was concerning. “It’s creating something out of nothing that to me is worth nothing,” Dimon said.”It’ll end when people lose a lot of money.” To raise…"Jamie Dimon bashes bitcoin again, says cryptocurrencies ‘are kind of a novelty’"
Precipitous declines in prices for bitcoin and Ether in the wake of a potential crackdown on exchanges by Chinese authorities have shaved nearly $ 40 billion off the combined market capitalization of the cryptocurrencies over the past two weeks. The price of a single bitcoin tumbled nearly 8 percent on Thursday to $ 3,565, and has fallen nine… bitcoins | New York Post"Bear market looms over Bitcoin"
Bridgewater Associates founder Ray Dalio sat down with Business Insider EIC Henry Blodget to discuss his book “Principles: Life and Work,” the culture of Bridgewater, and his outlook for the future. “Principles: Life and Work” is the first of two planned books, and includes a short autobiography along with an expanded version of the “Principles” that all Bridgewater employees read when joining the company. Following is a transcript of the video. HENRY BLODGET: Ray Dalio is…"THE RAY DALIO INTERVIEW: The billionaire investor on Bridgewater’s ‘radically transparent’ culture and how to bet on the future"
JPMorgan Chase has been routing customer orders for bitcoin-related instruments, a spokesman said on Monday, despite the bank’s chief executive calling the crypto currency “a fraud.” Like other Wall Street banks, JPMorgan acts as an agent for buyers and sellers of Bitcoin XBT, an exchange-traded note designed to track the value of the crypto currency…. bitcoins | New York Post"JPMorgan trading bitcoin for clients despite Dimon’s ‘fraud’ rant"
Over the weekend, a tweet, which suggested JPMorgan was buying up a product tied to the success of bitcoin, sent shockwaves through the cryptocurrency community. But like most outrage on the internet, it was unwarranted. The screenshot, which was retweeted over 2,000 times, shows JPMorgan is among the largest buyers of a bitcoin exchange traded note trading on Nasdaq Stockholm. Here’s the tweet: We see you @jpmorgan $ btc pic.twitter.com/tDSVLNHnmi — I am Nomad (@IamNomad) September…"People thought they caught JPMorgan buying bitcoin after Jamie Dimon called it a ‘fraud’ – but that’s not what happened"
Dear John: You’re an a–. You just dug your own virtual grave. You think bitcoin is a joke? Wake up, old man, the world has changed without you. Ron Insana of CNBC just destroyed his reputation over his last bitcoin article and so did you. The hate mail is just beginning. Good luck, old fool…. bitcoins | New York Post"Bitcoin fan isn’t happy I said the ‘currency’ was a joke"
Count large fund managers among those unable to resist the allure of bitcoin‘s massive returns. Owning the scorching-hot cryptocurrency — which has surged more than 350% this year — is seen as the most crowded trade to a pool of 214 fund managers overseeing $ 629 billion, according to a survey conducted by Bank of America Merrill Lynch. To be specific, 26% of investors surveyed in September said they viewed being long bitcoin as the…"BANK OF AMERICA: Bitcoin is the ‘most crowded’ trade"
After a brutal week, bitcoin finally got a bounce. The controversial crypto-currency yo-yoed dramatically on Friday, briefly falling below $ 3,000 to as low as $ 2,985 in the morning before hustling in the afternoon to soar as high as $ 3,819 as investors digested news of a clampdown by the Chinese government on bitcoin trading. Despite the… bitcoins | New York Post"Bitcoin price yo-yos amid a China clampdown"