John McAfee challenges Jamie Dimon’s bitcoin skepticism

  • “You called bitcoin a fraud,” McAfee told CNBC’s “Fast Money” on Wednesday.
  • Miners invest “massive” amounts of supercomputing power and electricity in creating bitcoins, McAfee said.
  • “And the fact that bitcoin is consistently growing in its use and its value has to say something,” McAfee said.
  • McAfee made a lewd bet on Twitter earlier this summer that bitcoin would reach $500,000 within three years.
  • Plus, the long-term trend of bitcoin has been consistently up, McAfee added.

Dimon called bitcoin a “fraud” that will eventually blow up. McAfee disagreed.
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John McAfee challenges Jamie Dimon’s bitcoin skepticism

John McAfee challenges Jamie Dimon's bitcoin skepticism

  • “You called bitcoin a fraud,” McAfee told CNBC’s “Fast Money” on Wednesday.
  • Miners invest “massive” amounts of supercomputing power and electricity in creating bitcoins, McAfee said.
  • “And the fact that bitcoin is consistently growing in its use and its value has to say something,” McAfee said.
  • McAfee made a lewd bet on Twitter earlier this summer that bitcoin would reach $500,000 within three years.
  • Plus, the long-term trend of bitcoin has been consistently up, McAfee added.

Dimon called bitcoin a “fraud” that will eventually blow up. McAfee disagreed.
Continue reading “John McAfee challenges Jamie Dimon’s bitcoin skepticism”

Is red tape holding back the financial tech industry in Canada?

  • Bank of Canada senior deputy governor Carolyn Wilkins says Canada is trying to find a middle ground between rigid regulation and a total free for all when it comes to fintech.
  • ‘Zombie’ honeybees make first appearance in Canada
  • “It’s actually regulation that is holding back a lot of this innovation,” Sharma said.
  • The Bank of Canada is experimenting with “regulatory sandboxes” to promote innovation, says its senior deputy governor Carolyn Wilkins.
  • Bank of Canada says there’s a ‘ role for the official sector to play’ in the emerging world of fintech

The Bank of Canada is experimenting with “regulatory sandboxes” to promote innovation, but venture capitalist Ray Sharma says that regulation is holding Canada’s financial technology industry back.
Continue reading “Is red tape holding back the financial tech industry in Canada?”