It’s hard enough to pronounce the dishes on chef-owner Didier Pawlicki’s new French restaurant La Sirène’s menu (“carré d’Agneau au jus de truffes”?). But diners there have to grapple with another challenge, too: paying for their meal in that curious currency known as bitcoin. The Upper West Side eatery, which opened Friday (there’s also a… bitcoins | New York Post"Pay for pâté and escargot with Bitcoin at this fancy new restaurant"
USB calls recent cryptocurrency price rally a “speculative bubble” in a note to clients. But investment bank says underlying technology, blockchain, is “akin to investing in the internet in the mid-nineties.” LONDON — UBS thinks cryptocurrencies are in a “speculative bubble.” Cryptocurrencies have boomed in popularity in 2017, with over 1,100 now in circulation. The combined value of all digital currencies has passed $ 175 billion, according to CoinMarketCap.com, led higher by bitcoin, which surged…"UBS: Cryptocurrencies are in a ‘speculative bubble’"
The bitcoin battle has divided Wall Street recently, with seemingly bright people having differing opinions. Understand that when many bankers talk about bitcoin, they are generally referring to the blockchain technology that is underlying bitcoin transactions. With bitcoin, there is no centralized clearing, settlement or oversight. Nor is there the ability to unmask the movers… bitcoins | New York Post"Bitcoin is doing well, despite what Dimon wants you to think"
Earlier this month, the MIT Technology Review posted an article that asked “What the hell is an initial coin offering?” When befuddlement emanates from the Massachusetts Institute of Technology, arguably the world’s foremost grantor of geek cred, you know you are in truly new territory. Here’s what it is: An initial coin offering, or ICO, is a fundraising mechanism based on a “cryptocurrency,” such as bitcoin. An ICO can launch a whole new cryptocurrency (there…"Here’s how the ICO market is creating a new financial subculture"
WASHINGTON — Two of the top executives on Wall Street criticized the digital currency bitcoin Friday, with J.P. Morgan Chase & Co. Chief Executive James Dimon giving a lengthy rant on the topic. He was joined briefly by Laurence Fink, chief executive of Blackrock Inc. Here’s what they said at a conference hosted by the Institute of International Finance trade group: Mr. Dimon: The blockchain technology, it is a good technology. You can actually use…"Why James Dimon and Larry Fink Aren’t Buying Bitcoin"
Jamie Dimon can’t help himself when it comes to trashing bitcoin. Just one day after the JPMorgan Chase CEO said he wasn’t going to talk about the digital currency anymore, he was back at it again, while maintaining that he was so over it. “I could care less what bitcoin trades for, how it trades,… bitcoins | New York Post"Jamie Dimon is back to trashing bitcoin"
Bitcoin soared past $ 5,000 for the first time early Thursday morning and it continued to hit to new heights throughout the trading day. The red-hot digital currency, which is up more than 400% this year, blew past $ 5,300 to $ 5,382 just after 12 p.m. ET. Sell-off pressure has since pushed the coin back down below $ 5,300. It is still up near 10% Thursday. The $ 5,000 mark has long been a threshold of high-anticipation…"Bitcoin surges past $5,300 ‘as bulls returned to the market with a vengeance’"
A 39-year-old man in The Netherlands, Didi Taihuttu, sold everything he owned in exchange for bitcoin. After his father’s death, he sold his business and spent nine months traveling the world with his wife and three daughters. During his travels, he met people who were using digital currency. He thinks digital coins such as bitcoin and the blockchain technology behind it are transforming the role of money and banks in society. Taihuttu plans to keep his…"A 39-year-old who sold everything he owned in exchange for bitcoin now lives on a campsite waiting for the ultimate cryptoboom"
LONDON — Bitcoin is at a one month high against the dollar on Sunday as it continues to rise. Bitcoin is up 2.3% to $ 4,538.90 at 3.30 p.m. BST (10.30 a.m. ET): It marks the first time bitcoin has been above $ 4,500 since early September and continues a rally that began on Thursday. Commenting on the rally on Friday, Mati Greenspan, a senior market analyst at trading platform eToro, said: “European regulators have…"Bitcoin is back above $4,500 for the first time in a month"
Bitcoin is too expensive for one of the most powerful women in finance. Christine Lagarde, the head of the International Monetary Fund, on Friday told CNBC’s Sara Eisen that bitcoin is “too expensive for me at the moment” when asked if she would ever buy into the red-hot digital currency. Lagarde last month gave a soft defense of the cryptocurrency during a speech in London. She said cryptocurrencies such as bitcoin could “give existing currencies and monetary…"The head of the IMF says bitcoin is ‘too expensive for me at the moment’"