UBS: Cryptocurrencies are in a ‘speculative bubble’

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’"

A manager at a $6 billion quant fund gives the best intro to cryptocurrencies we’ve heard

Patrick O’Shaughnessy vividly recalls the week he was introduced to the world of cryptocurrencies. O’Shaughnessy, a manager at his family’s $ 6 billion quant asset manager of the same name, was chatting with one of his analysts over lunch at the beginning of this year about what they did over the weekend. “He told me he bought a bunch of cryptocurrencies: ether, bitcoin, and litecoin,” O’Shaughnessy told Business Insider. “And I was like, ‘What the…

"A manager at a $6 billion quant fund gives the best intro to cryptocurrencies we’ve heard"

Jamie Dimon bashes bitcoin again, says cryptocurrencies ‘are kind of a novelty’

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’"

SURVEY: The majority of CoinDesk readers think there’s a bubble in cryptocurrencies

The explosive growth of the cryptocurrency market even has readers of blockchain news site CoinDesk thinking there is a bubble in the $ 164 billion market.  Since the beginning of the year, the market cap for digital coins has increased $ 146 billion, according to data from Coinmarketcap.com, an 811% increase. That growth has been fueled in part by the appreciation of bitcoin, the original digital currency, and initial coin offerings, the red-hot cryptocurrency-based fundraising method.  A…

"SURVEY: The majority of CoinDesk readers think there’s a bubble in cryptocurrencies"

Top stocks, companies, and cryptocurrencies to invest in for the blockchain boom

How to Invest in Cryptocurrency Blockchain technology has been heating up in the past several months, thanks in large part to the surge in Bitcoin’s price since early May. The cryptocurrency skyrocketed from less than $ 1,000 in March to an all-time high of $ 4,440 on August 14. Given this meteoric rise, it’s no surprise that investors are clamoring to figure out how to break into the Bitcoin marketplace. But there are many other…

"Top stocks, companies, and cryptocurrencies to invest in for the blockchain boom"

Nvidia and AMD have very different views on cryptocurrencies (NVDA, AMD)

Cryptocurrencies are blisteringly hot right now. Bitcoin just crossed the $ 3,500 mark for the first time and is up 493.38% over the last year. The meteoric rise of cryptocurrencies has been a boost to several chip makers. Nvidia and AMD are the two largest manufacturers producing graphics processing units that cryptocurrency users take advantage of to speed up the network. GPUs from both AMD and Nvidia have been sold out in many places as demand for…

"Nvidia and AMD have very different views on cryptocurrencies (NVDA, AMD)"

BARCLAYS: AMD can’t be saved by cryptocurrencies (AMD, NVIDIA)

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)"

Billionaire investor Howard Marks says cryptocurrencies ‘aren’t real’

Howard Marks, billionaire investor and founder of Oaktree Capital Management is adamant about his stance on cryptocurrencies like bitcoin, Ether and others: “They’re not real.” Marks reiterated this three times to clients Wednesday in his latest Oaktree memo. “I’d guess these things have arisen from the intersection of (a) doubts about financial security — including the value of national currencies — that grew out of the financial crisis an (b) the comfort felt by millennials regarding…

"Billionaire investor Howard Marks says cryptocurrencies ‘aren’t real’"

Here’s why Russia is opening the door to cryptocurrencies

Russia has announced that it will legalize the use of cryptocurrencies. The government confirmed last week that a draft bill would create the legal framework for trading in bitcoin, dash, ether, and other digital currencies. This comes a year after the same Russian institutions said people trading in these currencies could be jailed. This raises two important questions: Why has the government made this U-turn? What opportunities does it now see in this technology? The…

"Here’s why Russia is opening the door to cryptocurrencies"

There’s $29.4 billion in cryptocurrencies — here’s which ones people are using the most

Bitcoin became the first decentralized cryptocurrency back in 2009, and ever since interest in digital currencies has exploded. According to CoinMarketCap.com, there are 796 cryptocurrencies currently trading around the world, with a combined market cap of $ 29,374,919,176. Of those, only 10 have a market cap of $ 100 million or more. Check them out:   SEE ALSO: The first investor in Snapchat thinks each bitcoin could realistically be worth $ 500,000 by 2030 — Here’s how Join…

"There’s $29.4 billion in cryptocurrencies — here’s which ones people are using the most"