Ex-Ethereum CEO says digital coin market is a ‘ticking time bomb’

Ex-ethereum CEO says digital coin market is a 'ticking time bomb' - CNBC

  • The co-founder and former CEO of the organization behind Ethereum is worried about the surge of interest in developing new digital currencies, according to a Bloomberg report Tuesday.
  • Enthusiasm for the new cryptocurrencies created for the initial coin offerings has helped push up the value of established ones, like Ethereum.
  • “People say ICOs are great for ethereum because, look at the price, but it’s a ticking time-bomb,” former Ethereum CEO Charles Hoskinson said in an interview with Bloomberg.
  • He is not the only proponent of digital currencies to send a warning signal about the initial coin offerings.
  • William Mougayar, author of “The Business Blockchain” and the organizer of a conference about digital coins in New York, called three ICOs “reckless” and has described the surge of fundraising as “greed.”

The former CEO of Ethereum, Charles Hoskinson, is worried about the surge of interest in developing new digital currencies, according to Bloomberg.
Continue reading “Ex-Ethereum CEO says digital coin market is a ‘ticking time bomb’”

Ex-Ethereum CEO says digital coin market is a ‘ticking time bomb’

  • The co-founder and former CEO of the organization behind Ethereum is worried about the surge of interest in developing new digital currencies, according to a Bloomberg report Tuesday.
  • Enthusiasm for the new cryptocurrencies created for the initial coin offerings has helped push up the value of established ones, like Ethereum.
  • “People say ICOs are great for ethereum because, look at the price, but it’s a ticking time-bomb,” former Ethereum CEO Charles Hoskinson said in an interview with Bloomberg.
  • He is not the only proponent of digital currencies to send a warning signal about the initial coin offerings.
  • William Mougayar, author of “The Business Blockchain” and the organizer of a conference about digital coins in New York, called three ICOs “reckless” and has described the surge of fundraising as “greed.”

The former CEO of Ethereum, Charles Hoskinson, is worried about the surge of interest in developing new digital currencies, according to Bloomberg.
Continue reading “Ex-Ethereum CEO says digital coin market is a ‘ticking time bomb’”

Mark Carney to stay at Bank of England until 2019, sparking relief and disappointment – as it happened

  • Duncan Weldon, head of research at Resolution Group, suggests Mark Carney has played the game rather well….
  • Adam Marshall, Director General of the British Chambers of Commerce (BCC), is pleased that Mark Carney has decided his future.
  • Sorrell: Carney may be hurt by unjustified criticism
  • Tyrie: Carney has a lot of explaining to do….
  • Andrew Tyrie, the influential chair of parliament’s Treasury Committee, is determined to find out why Mark Carney is only going to serve a six year term.

Bank of England governor will stay on for an extra 12 months to provide stability after Britain triggers Article 50
Continue reading “Mark Carney to stay at Bank of England until 2019, sparking relief and disappointment – as it happened”