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.
Continue reading “Bitcoin bug calls out Peter Schiff’s gold infatuation”

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.
Continue reading “Bitcoin bug calls out Peter Schiff’s gold infatuation”

European banks risk lagging Wall Street in blockchain race

#European #banks risk lagging #WallStreet in #blockchain race:

  • LONDON (Reuters) – The blockchain technology behind bitcoin was designed to do away with banks.
  • In an ironic reverse, investment banks are now racing to make it work for them – but cash-strapped European players risk falling behind their Wall Street rivals.
  • “There are some banks – Goldman Sachs being the epitome of this – that …
  • The six global banks approached by Reuters for this story – in the United States and Europe – declined to say how much they had spent.
  • A survey of 200 top global banks by tech firm IBM last month found that 15 percent will have rolled out commercial blockchain products by the end of 2017.

The blockchain technology behind bitcoin was designed to do away with banks. In an ironic reverse, investment banks are now racing to make it work for them – but cash-strapped European players risk falling behind their Wall Street rivals. Blockchain was developed eight years ago, enabling transactions
Continue reading “European banks risk lagging Wall Street in blockchain race”

European banks risk lagging Wall Street in blockchain race

  • In an ironic reverse, investment banks are now racing to make it work for them – but cash-strapped European players risk falling behind their Wall Street rivals.
  • * The technology originally designed to remove need for banks
  • “There are some banks – Goldman Sachs being the epitome of this – that …
  • LONDON, Oct 19 (Reuters) – The blockchain technology behind bitcoin was designed to do away with banks.
  • A survey of 200 top global banks by tech firm IBM last month found that 15 percent will have rolled out commercial blockchain products by the end of 2017.

The blockchain technology behind bitcoin was designed to do away with banks. In an ironic reverse, investment banks are now racing to make it work for them – but cash-strapped European players risk falling behind their Wall Street rivals. Blockchain was developed eight years ago, enabling transactions
Continue reading “European banks risk lagging Wall Street in blockchain race”

European banks risk lagging Wall Street in blockchain race

  • New Delhi [India], Oct. 18 (ANI): A high level delegation led by United States Trade representative Michael Froman will attend the 10th India-United States Trade Policy Forum (TPF) meetings scheduled from October 19 to 20 at the national capital.
  • New Delhi [India], Oct 19 (ANI): The jewelry industry in India is emerging on a grand scale.
  • New Delhi [India], Oct. 18 (ANI): External Affairs Minister (EAM) Sushma Swaraj called on Myanmar State Counsellor Aung San Suu Kyi on Tuesday and offered all possible assistance from India in keeping with latter’s priorities.
  • New Delhi [India], Oct. 19 (ANI): Accusing the Bharatiya Janata Party (BJP) of using the Ram Temple issue to siphon off a victory in the upcoming Uttar Pradesh polls, Nationalist Congress Party general secretary Tariq Anwar on Wednesday said the BJP has taken up the Ram temple issue because they have no other issues to talk about. “
  • New Delhi [India], Oct. 19 (ANI): Bollywood megastar Amitabh Bachchan recently went vocal with his thoughts on the cynical take of some people on India’s big win against Argentina in kabbadi at the World Cup.

By Jemima Kelly and Anjuli Davies LONDON (Reuters) – The blockchain technology behind bitcoin was designed to do away with banks. In an ironic reverse, investment banks are now racing to make it work for them – but cash-strapped European players risk falling behind their Wall Street rivals. Blockchain
Continue reading “European banks risk lagging Wall Street in blockchain race”

European Banks Risk Lagging Wall Street in Blockchain Race

  • LONDON – The blockchain technology behind bitcoin was designed to do away with banks.
  • In an ironic reverse, investment banks are now racing to make it work for them – but cash-strapped European players risk falling behind their Wall Street rivals.
  • “There are some banks – Goldman Sachs being the epitome of this – that …
  • Dozens of patent applications have been filed in total by Goldman Sachs, JPMorgan, Wells Fargo and Bank of America for blockchain-based products, but there is a record of only one being filed by a European bank – Switzerland’s UBS.
  • The six global banks approached by Reuters for this story – in the United States and Europe – declined to say how much they had spent.

The blockchain technology behind bitcoin was designed to do away with banks. In an ironic reverse, investment banks are now racing to make it work for them – but cash-strapped European players risk falling behind their Wall Street rivals.
Continue reading “European Banks Risk Lagging Wall Street in Blockchain Race”

European banks risk lagging Wall Street in blockchain race

  • In an ironic reverse, investment banks are now racing to make it work for them – but cash-strapped European players risk falling behind their Wall Street rivals.
  • LONDON (Reuters) – The blockchain technology behind bitcoin was designed to do away with banks.
  • “There are some banks – Goldman Sachs being the epitome of this – that …
  • A survey of 200 top global banks by tech firm IBM last month found that 15 percent will have rolled out commercial blockchain products by the end of 2017.
  • The six global banks approached by Reuters for this story – in the United States and Europe – declined to say how much they had spent.

The blockchain technology behind bitcoin was designed to do away with banks. In an ironic reverse, investment banks are now racing to make it work for them – but cash-strapped European players risk falling behind their Wall Street rivals. Blockchain was developed eight years ago, enabling transactions
Continue reading “European banks risk lagging Wall Street in blockchain race”