Oaktree Capital founder Howard Marks has bitcoin on his mind. Marks, who called bitcoin, the digital coin up over 350% this year, a “fad” in a July memo, has warmed up to it after receiving backlash from the cryptocurrency community. Marks revisited his thoughts on the digital coin in a wide-ranging memo sent out to clients on Thursday. The long and short of the note: Marks has changed his mind, but he still has reservations. Marks concedes he…"HOWARD MARKS: ‘I see no reason why bitcoin can’t be a currency’"
There is a lot of hype around cryptocurrencies right now, but it won’t be enough to save AMD. Bitcoin has forked, bitcoin cash is higher than investors thought, and most cryptocurrencies are growing at rates that are hard to keep track of. This hype has given a boost to companies like AMD and Nvidia, who’s graphics cards are selling like crazy as miners try to grab their piece of the cryptocurrency tidal wave. But, cryptocurrencies are…"BARCLAYS: AMD can’t be saved by cryptocurrencies (AMD, NVIDIA)"
Victims of the ongoing Petya cyberattack have paid £7,064 ($ 9,000) in Bitcoin to hackers so far to try and get their files back — but they won’t have much luck. The cyberattack broke out on Tuesday, impacting the Ukrainian government and banks, then spreading to a Russian oil company, advertising firm WPP, and other companies around the world. The attack takes the form of ransomware, malicious software that encrypts a user’s files, then demands a…"Victims of the global cyberattack have paid $9,000 so far but can’t get their files back"
If you think investing in bitcoin or a similar “crypto-currency” may be a good method for hiding income from the tax man, you’d better think again. While many bitcoin aficionados tout the new virtual currency as a promising alternative to so-called “fiat” currencies like the US dollar, the IRS considers investments in bitcoin as property… bitcoins | New York Post"No, you can’t avoid taxes by investing in Bitcoin"