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CNBC


“Just beware.” That’s Jamie Dimon, CEO of Wall Street investment bank J.P Morgan Chase, who spoke Thursday to CNBC during a segment alongside billionaire investor Warren Buffett. During the joint interview, both Dimon and Buffett were asked about their views on cryptocurrency – a subject that, for the two, has sparked more than a degree …

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Blockchain could be a solution to the battle social media users face over misuse of personal data and content, RBC Capital Markets said March 21. Speaking to CNBC in the wake of the ongoing Facebook privacy scandal, RBC analyst Mitch Steves said Blockchain is “where we’re going long term” with regard to data integrity online. …

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After a watershed year for Bitcoin in 2017, cryptocurrencies have been thrust into the mainstream spotlight. News outlets, TV shows, celebrities and well-known broadcasters couldn’t just sit back while virtual currencies announced themselves to the world, spearheaded by Bitcoin’s spiralling bull run that came to a head in December. As Bitcoin peaked at $20,000, it …

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Wall Street strategist and co-founder of Fundstrat Global Advisors Thomas Lee has developed a ‘contrarian index’ that lets investors know how ‘miserable’ Bitcoin (BTC) holders are based on current prices, CNBC reports. The index is called the Bitcoin Misery Index (BMI) and was designed as a trading tool for investors to take advantage of volatility …

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A Harvard economist told CNBC Tuesday, March 6 that Bitcoin is “more likely to be worth $100 than $100,000” by 2028. Speaking to reporters during an edition of the network’s Squawk Box segment, professor and economist Kenneth Rogoff implied Bitcoin only had value because of its use in “money laundering and tax evasion.” “I would …

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Co-founder and Fundstrat strategist Tom Lee has repeated his prediction that Bitcoin (BTC) will reach $20,000 by mid-year and $25,000 by the end of the year. He also expects at least three publicly traded corporations to issue their own cryptocurrencies in 2018, writes CNBC, citing Lee’s Feb. 28 Fundstrat report. Lee’s price prediction reiterates comments …

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Chinese mining hardware giant Bitmain has reportedly made higher profits in 2017 than long time American graphics processing unit (GPU) manufacturer Nvidia, CNBC reported Feb. 23. CNBC writes that according to a report published Feb. 21 from investment research company Bernstein, the four-year-old Bitmain reportedly made between $3 and $4 billion in operating profit in …

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Fewer than 100 out of 250,000 citizens, or 0.04 percent, who have filed federal tax returns this year to date via personal finance service Credit Karma reported cryptocurrency transactions to the US Internal Revenue Service (IRS), Reuters reported Tuesday Feb. 13. Credit Karma Tax General Manager Jagjit Chawla said that the company was not surprised …

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Jesse Powell, CEO of crypto exchange Kraken, told CNBC today, Feb. 13, that crypto traders must be responsible for the risks they take in investing in digital coins. During an interview at the World Government Summit in Dubai, Powell said that he sees consumers, not exchanges, as playing the primary role in risk evaluation: “I …

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Speaking to CNBC on Monday, Feb. 12, chief fintech officer of the Monetary Authority of Singapore (MAS) Sopnendu Mohanty said it will be “two years” before the central bank’s Blockchain project sees “real impact.” Discussing the state of its “Project Ubin” and cryptocurrency in general, Monetary Authority of Singapore (MAS) chief fintech officer Sopnendu Mohanty …

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Another Bitcoin prediction was made this week by Winklevoss twins – the famous Bitcoin billionaires. Bitcoin has “potential appreciation” of thirty to forty times its current value, Cameron Winklevoss claimed in an interview with CNBC on Wednesday, Feb. 7. At press time, the market capitalization of Bitcoin was just below $140 bln, following a huge …

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Yves Mersch, Executive Board member of the European Central Bank (ECB), referred to cryptocurrencies as a risk of “contagion and contamination of the existing financial system” during an interview with 4 Technology on Feb. 8. Both the traditional and crypto markets fell sharply at the beginning of this week, prompting responses from shaken financial institutions …

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The Dow Jones Industrial Average dropped more than 1,100 points Monday, Feb. 5 to its lowest point since 2011, while Bitcoin (BTC) also dipped below $7000 for the first time since November. The market dive took place around 2:40 pm EST, with reported trading volume at almost double the 30-day average, according to Bloomberg. While …

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Ran Neuner, the host of CNBC’s show Cryptotrader and the 28th most influential Blockchain insider according to Richtopia, made a tweet Thursday, Feb. 1 claiming that Bitcoin will end 2018 at the price point of $50,000. The CNBC channel has been increasingly involved in cryptocurrency reporting over the past few months. On Jan. 8, the cable …

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Leo Blankfein, CEO of Goldman Sachs, refuted the Bloomberg report that Goldman Sachs will be opening a crypto trading desk in an interview with CNBC, although the New York bank has owned a stake in a crypto trading desk since 2015. In 2015, Goldman Sachs’ principal investment strategy group, which invests specifically in technology companies, …

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It has been a depressing fortnight for anybody reading various mainstream headlines touting the ‘end of Bitcoin’ and the arrival of the ‘crypto bubble’ crash. Unsurprisingly, the most recent cryptocurrency market slump has led to naysayers stepping onto their soapboxes, crying out messages of ‘I told you so’. Their rhetoric is not unfounded, given that …

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The mainstream media debate over Bitcoin as a success or failure approached live comedy this week after a “brawl” broke out between guests on a CNBC panel. In an exchange which ended an edition of the network’s increasingly notorious Fast Money segment, regular contributor and RiskReversal.com editor Dan Nathan told Evercore ISI technician Rich Ross …

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Yale economics professor and Nobel Laureate Robert Shiller has admitted in an interview with CNBC Thursday, Jan. 18., that he now “doesn’t know what to make of Bitcoin ultimately” after earlier calling it “the best example of a bubble”. In fresh comments Thursday, several months after he told host Brian Kelly it was Bitcoin’s “story” …

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Sheila Bair, former US Federal Deposit Insurance Corporation (FDIC) chair, told CNBC’s “Fast Money” on Friday, Jan. 19 that there is no precedent to ban Bitcoin (BTC) as an asset, but there is a need for additional regulation of digital currencies. Bair had previously written a December 2017 op-ed on Yahoo along the same theme …

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UK-based Blockchain.info, a digital wallet provider, has announced that they have begun offering users in 22 states the ability to buy and sell Bitcoin. According to the announcement, the company plans to continue adding services for US-based clients, including Ether and Bitcoin Cash exchanges in coming days. The move is being seen as a direct …

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