It’s good to see that the grown-ups are finally speaking out on some of the nonsense going on in the financial world. Jamie Dimon, head of JPMorgan Chase, this week called bitcoin “a fraud.” And he was quoted as saying that “any trader trading bitcoin [will be] fired for being stupid.” Dimon’s remarks came soon… bitcoins | New York Post"It’s about time someone called out bitcoin for what it is"
Can the bursting of the cryptocurrency bubble be far away? You know a market frenzy has turned surreal when Paris Hilton joins in: The celebrity most famous for being famous took to Twitter Monday to back a new currency called Lydian. But just hours later Chinese regulators put a damper on the fun, issuing a ban on so-called initial coin offerings. ICOs work like IPOs, except that instead of an equity stake in a company,…"In the Cryptocurrency Market, It’s Chinese Regulators vs. Paris Hilton"
The price of bitcoin has been on a tear over the last year, but the number of top merchants who accept the cryptocurrency as a form of payment has retreated. That’s puzzling to Jonathan Johnson, the president of Medici Ventures, the venture capital subsidiary of online retailer Overstock. Johnson played an integral role in getting the retailer known for its furniture stock to accept the cryptocurrency. He told Business Insider that Overstock has seen a “modest”…"OVERSTOCK EXEC: ‘It’s crazy that so many retailers don’t accept bitcoin’"
LONDON – Startups around the world are raising hundreds of millions of dollars by issuing new digital coins, a trend that has made people both excited and concerned. Over half a billion dollars has been raised through so-called “Initial Coin Offerings” (ICOs) since the start of the year, according to Richard Kastelein, a partner at the Cryptoassets Design Group, a company that helps launch ICOs. It’s an incredible amount considering that ICOs were unheard of…"People are raising hundreds of millions selling digital coins online — it’s either the future of funding or a ‘bubble’"
Bitcoin trades up 2.8% at $ 1,133 a coin as of 7:08 a.m. ET on Monday. The cryptocurrency’s gains come after Japan announced on Friday that bitcoin would be accepted as a legal payment method beginning on April 1, 2017. It’s the first bit of good news for bitcoin in quite some time. Recent chatter in the market has centered around developers threatening a “hard fork” that would split the currency in two. Additionally, the US Securities and Exchange Commission rejected two…"Bitcoin spikes after Japan says it’s a legal payment method"