Dear John: You recently wrote an interesting piece on the taxi industry. On one hand, I feel bad for people in the industry because the value of taxi medallions has taken a real hit since the advent of Uber. That was an investment for a lot of immigrants who came here. On the other hand,… bitcoins | New York Post"At least Uber doesn’t pick and choose passengers like taxis"
The stock market is having a good year. Bitcoin is having a better one. The crypto sector is in the middle of a wild bull run sparked by the emergence of the so-called initial coin offering and a surge of trading in Japan and South Korea. As of Friday, the digital currency was up 352% year to date. Only four U.S.-listed stocks have had a better performance: PolarityTE, up 735%, AVEO Pharmaceuticals, up 604%, Straight Path…"Bitcoin, Valued Like a Cool Blue Chip, Trading Like a Hot Small Cap"
Jens Weidmann, the head of Germany’s Bundesbank and one of the most powerful figures in European finance, has warned that digital currencies like bitcoin have the potential to make financial crises in the future even more devastating. Speaking in Frankfurt on Wednesday, Weidmann said he believes that central banks will eventually create their own digital currencies to reassure average citizens that such currencies are safe and stable, but in doing so could increase the risk…"One of the world’s top central bankers warns digital currencies like bitcoin could worsen future financial crises"