Bitcoin bug calls out Peter Schiff’s gold infatuation

  • While not exactly Lincoln vs. Douglas, perma-gold bull Peter Schiff squared off against Bitcoin bull Brian Kelly in a lively, no-holds-barred debate about what is the better investment on Monday’s “Fast Money” on CNBC.
  • Bitcoin “is digital fool’s gold — today’s bitcoin could be tomorrow’s Beanie Babies,” said Schiff, who serves as CEO of Euro Pacific Capital.
  • Bitcoin hit an all-time high on Monday; gold is up 9 percent in 2017.
  • However, “Fast Money” trader Brian Kelly believes the prospects in gold pale in comparison to the opportunities that Bitcoin will soon offer “Bitcoin is more than digital gold,” explained Kelly.
  • Furthermore, Kelly views Bitcoin as a platform wherein global financial systems will undergo major “Not since the internet has so much been built on top of a platform,” exclaimed Kelly.

Peter Schiff takes on Brian Kelly over whether gold or bitcoin is the better investment.
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Business Giants to Announce Creation of a Computing System Based on Ethereum

An alliance of about 30 companies, including Microsoft and JPMorgan Chase, has plans to standardize data gathering and tracking using software that is seen as harder to hack.
Continue reading “Business Giants to Announce Creation of a Computing System Based on Ethereum”

Business Giants to Announce Creation of a Computing System Based on Ethereum

An alliance of about 30 companies, including Microsoft and JPMorgan Chase, has plans to standardize data gathering and tracking using software that is seen as harder to hack.
Continue reading “Business Giants to Announce Creation of a Computing System Based on Ethereum”

Business Giants to Announce Creation of a Computing System Based on Ethereum

  • Microsoft is among the companies set to form the Enterprise Ethereum Alliance — an organization that will create a standard version of Ethereum software for businesses to use for tracking data and financial contracts.
  • Some 30 companies are set to announce on Tuesday the formation of the Enterprise Ethereum Alliance, which will create a standard version of the Ethereum software that businesses around the world can use to track data and financial contracts.
  • The new Ethereum alliance has been described by some of its backers as a way to insure that the IBM-led blockchain effort is not the only option for businesses looking to use the technology.
  • “We are pretty equally spending our time across the different chains,” said Alex Batlin, the global head of blockchain at Bank of New York Mellon, which is joining the Ethereum alliance.
  • Some of the companies working in the new alliance hope that the private Ethereum blockchains will, at some point, be able to connect to the public Ethereum blockchain, creating a standard for information storage and movement around the world.

SAN FRANCISCO — Microsoft, JPMorgan Chase and other corporate giants are joining forces to create a new kind of computing system based on the virtual currency network Ethereum.
Continue reading “Business Giants to Announce Creation of a Computing System Based on Ethereum”

Business Giants to Announce Creation of a Computing System Based on Ethereum

An alliance of about 30 companies, including Microsoft and JPMorgan Chase, has plans to standardize data gathering and tracking using software that is seen as harder to hack.
Continue reading “Business Giants to Announce Creation of a Computing System Based on Ethereum”

Business Giants to Announce Creation of a Computing System Based on Ethereum

An alliance of about 30 companies, including Microsoft and JPMorgan Chase, has plans to standardize data gathering and tracking using software that is seen as harder to hack.
Continue reading “Business Giants to Announce Creation of a Computing System Based on Ethereum”

Bitcoin fans eye potential in Greek crisis

  • For proponents of Bitcoin, the cryptocurrency, a shaky Mediterranean economy implementing capital controls amid the prospect of full-blown exit from the euro recalls halcyon days gone by.
  • As a result, Tony Gallippi, the co-founder of bitcoin payment processor Bitpay, tweeted on Sunday night that he expected the price of bitcoin to rise to between $610 and $1,250 if Greece exits the Euro.
  • Part of the reason why the crisis is so tempting for proponents of the cryptocurrency is the echoes of a previous crisis in the Eurozone: the banking collapse in Cyprus in 2013, which saw that nation also impose capital controls to prevent massive outflows of currency from the panicking country.
  • That collapse came at the same time as the first major boom in the price of bitcoin, which began the year at less than $20 and peaked at ten times that by early April – before it all came crashing down.
  • At the time, many credited the price rise to interest in the currency sparked by the banking crisis, but Nathaniel Popper, author of the book Digital Gold: the Untold Story of Bitcoin, says that they are labouring under a misapprehension.

Proponents hope cryptocurrency could soar in value as Greeks try to find ways to keep their money safe and avoid currency controls
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