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’"
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’"
Jamie Dimon has not changed his mind about bitcoin. Mr. Dimon, the long-time CEO at J.P. Morgan Chase, continued his well-documented criticism of the digital currency bitcoin. Speaking at the Barclays financial services conference on Tuesday, Mr. Dimon was asked whether his bank had a trader who traded bitcoin. His response? “If we had a trader who traded bitcoin, I’d fire them in a second,” he said. “It’s against our rules” and any trader that…"Jamie Dimon Says Bitcoin Is a ‘Fraud’ That Will ‘Blow Up’"
Coinbase has spent much of this week in the weeds over its decision not to accept the newly minted digital currency bitcoin cash. But the company could reverse that decision in the next few days, an investor told Business Insider. “I think the company will be in a position to make an announcement in the next few days, and one could be supporting bitcoin cash in due course,” said Barry Schuler, a partner with DFJ, an investor…"A Coinbase investor says the platform might reverse its bitcoin cash ban in the next few days"
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’"
North Korean hackers stole about 100 million Korean won, or $ 88,000, worth of bitcoin from South Korean exchanges every month from 2013 to 2015, Yonhap News Agency reports, citing Radio Free Asia. “Cyber criminals have turned to bitcoin for money as it is very difficult to track them down,” Choi Sang-myong, a senior official at South Korea’s cybersecurity firm Hauri, told Free Asia Radio, according to Yonhap. “Since tracking down the culprits is very…"Report says North Korea stole bitcoin from South Korea for years"
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"