Less than four months after Jamie Dimon lashed out at bitcoin, warning that it was would “eventually blow up” because it was “worse than tulip bulbs” and that “any trader trading bitcoin” will be “fired for being stupid”, the JPMorgan CEO said he “regrets” his infamous criticism of bitcoin, in which he called the cryptocurrency a “fraud.”
Jeff Bezos’s net worth reached $105.1 billion Monday on the Bloomberg Billionaires Index as Amazon.com Inc. shares added to a 12-month surge that’s lifted the online shopping giant’s market value by almost 57 percent.
For one thing, bubbles don’t do what bitcoin has done since its inception in 2009. During my 10-year tenure on Wall Street, I saw several bubbles grow and then burst, and one thing you learn is that an actual bubble rises like crazy and then totally pops. It doesn’t come right back a couple of years later and soar again to a new price 10 times greater than the previous bubble’s high, which is what bitcoin has done after each one of its three or four previous “bubbles” burst.
Ripple crashed down over 30% after the initial headlines then exploded back higher… and Ethereum is now unchanged on the day…
The current number of homeless in Portland is estimated to be about 4,200, with about 2,500 of them in shelter beds on any given night, leaving about 1,700 out in the streets. At the rate of the Framework project, Portland will be able to solve the homelessness issue with about $2,029,998,600 total. That’s over $2 Billion.
U.S. factory activity increased more than expected in December, boosted by a surge in new orders growth, in a further sign of strong economic momentum at the end of 2017.
Ripple (XRP), currently the second largest cryptocurrency by market capitalization, has continued its recent rally, crossing the $3 per coin mark. At press time, the altcoin was trading at an average of $3.12.
Ethereum, the third-largest cryptocurrency by market value, has hit an all-time high after breaking through the $1,000 mark for the first time.
Bitcoin celebrated it’s ninth birthday on Jan. 4 – marking another milestone since the original genesis block was mined in 2009.
The Amazon juggernaut continues to crush brick and mortar retailers.
Retailers are bracing for a fresh wave of store closings in 2018 that is expected to eclipse the rash of closings that rocked the industry last year.
By now you’ve probably heard about the cryptocurrency craze. Either a family member, friend, neighbor, doctor, Uber driver, sales associate, server, barista, or passer-by on the street, has probably told you how he or she is getting rich quick with virtual currencies like bitcoin, Ethereum, Ripple, or one of the lesser-known 1,300-plus investable cryptocurrencies.
Bitcoin prices are soaring (following a disappointing start to the year) after reports that billionaire tech investor Peter Thiel has BTFD in recent months and amassed a massive position in the cryptocurrency.
In a relatively calm day for cryptocurrencies, most of the largest are down by a few percentage points. Bitcoin, Ethereum, bitcoin cash, and Litecoin are all down, but banking-oriented cryptocurrency Ripple is up by double digits, catapulting it into the No. 3 spot in terms of market capitalization.
Bitcoin climbed as much as 8.3 percent tin Asian trading, before dropping back to trade 1.9 percent higher at $14,211 at 8:21 a.m. in New York, composite Bloomberg pricing showed.
The Republican tax law just signed by President Trump benefits most American taxpayers, at least until key provisions sunset.
Retailers hoping to extend the Christmas buying frenzy will swing their doors back open Tuesday — with some offering Black Friday-level prices to clear inventory and keep registers ringing.
Max Keiser insists that “what’s driving the action at bitcoin is people who are looking to store value and escape the US dollar, which is a tulip bulb of our era. The stock market and bond market are the tulip bulbs of our era. The tulip bulb of 1630 was driven by highly leverage transactions, that’s what gave us tulip bulb mania of 1630. Bitcoin is the opposite of that.”
“Cryptocurrency is a reflection of the disaster of the monetary dollar system.”
Goldman Sachs Group Inc (GS) is setting up a trading desk to make markets in digital currencies like bitcoin, Bloomberg reported, citing people familiar with the matter.