The Bank of Canada’s senior deputy governor has said that digital currencies like bitcoin are changing finance. However, she doesn’t believe it will replace cash.
Speaking at an Institute of International Finance meeting in Washington, Carolyn Wilkins, senior deputy governor at the Bank of Canada, said:
Money that’s worth the name to be called money really does have to be a medium of exchange, a store of value – and the digital currencies that are out there right now don’t fulfill them – bitcoin doesn’t, none of them do.
The Eidoo ICO raised a total of $27.9 million following a flurry of media attention surrounding the full-page Wall Street Journal advertisement it used to troll outspoken bitcoin critic Jamie Dimon.
As CCN has reported, JPMorgan chief executive Jamie Dimon has long been one of cryptocurrency’s most vociferous skeptics. Despite claims that he does not care about bitcoin and will no longer comment on it publicly, he has repeatedly attacked the flagship cryptocurrency as “a fraud” and has called people who invest in bitcoin “stupid”.
Former Wall Street mogul and billionaire bitcoin investor Mike Novogratz has called Jamie Dimon a ‘rent-taker’ who will lose the fight against the ‘cryptorevolution’ led by cryptocurrencies like bitcoin and blockchain technology.
Retired Wall Street macro fund manager Michael Novogratz has offered his opinion on JPMorgan Chase chief Jamie Dimon’s much-publicized recent comments on bitcoin. Dimon called bitcoin a ‘fraud’, threatened to fire any employee trading bitcoin and more recently, said ‘stupid’ bitcoin buyers will pay the price for adopting the cryptocurrency.
Crypto startup Eidoo drew attention to its initial coin offering (ICO) by using a full-page advertisement in The Wall Street Journal to troll JPMorgan chief executive Jamie Dimon, an ardent bitcoin critic.
Last month, Dimon attracted a great deal of media attention by labeling bitcoin a “fraud” and threatening to fire any JPMorgan employee caught trading the cryptocurrency.
Well, that didn’t last long. Just one day after JPMorgan chief executive Jamie Dimon declared he was “not going to talk about bitcoin anymore,” the vocal bitcoin critic broke his silence to go on another memorable rant about the flagship cryptocurrency.
Financial analyst Gary Shilling has called bitcoin a ‘black box’ and that he won’t be investing in the digital currency.
President of A. Gary Shilling & Company, Shilling claims that the digital currency is ‘too opaque and complicated for him to invest’ in.
In a video on Business Insider, Shilling said of bitcoin that:
It’s a black box and I’m not a believer in black boxes.
JP Morgan’s chief executive Jamie Dimon, who earlier this year labeled bitcoin a “fraud” and stated that it would eventually be closed because it was “not a real thing,” was recently slammed by Bart Stephens, co-founder and managing partner of San Francisco-based venture capital firm Blockchain Capital, who said he should “do some homework” on bitcoin.
JP Morgan Chase CEO Jamie Dimon said he is no longer going to discuss bitcoin after much his-publicized criticism of calling the cryptocurrency ‘a fraud’ last month.
Noted bitcoin critic and Wall Street banker Jamie Dimon has been known to make dramatic statements about bitcoin, calling it a ‘fraud’ that will ‘get someone killed’.
Of the many people to make the jump from Wall Street to cryptocurrency, few if any were as successful in their careers as Daniel Masters.
After working at legendary investment bank Salomon Brothers as an energy and derivatives trader, Masters took on an even bigger job, running global commodities trading at JPMorgan Chase. He then made a transition most people in the financial markets only dream of – moving from the sell side in banking to the buy side in hedge funds.
Masters opened his first hedge fund in 1999, but in the mid-2010s – as commodities and other traditional asset prices became less volatile and in turn less profitable – he discovered and ultimately became engrossed in the rollercoaster world of cryptocurrency.
Goldman Sachs CEO Lloyd Blankfein says he is “still thinking about Bitcoin” but has not yet reached a point where he is ready to endorse or reject it.
Yesterday, the Wall Street Journal reported that Goldman Sachs was considering becoming the first blue-chip Wall Street investment bank to launch a dedicated bitcoin trading operation.
Former stockbroker Jordan Belfort, infamously known as the ‘Wolf of Wall Street’, has joined Jamie Dimon in proclaiming that bitcoin is fraud.
Jordan Belfort has echoed recent comments from JP Morgan CEO Jamie Dimon who asserted that bitcoin is ‘fraud‘, in a conversation with The Street.
Trend forecaster and commentator Gerald Celente said in a new interview that he believes that banks are "afraid" of bitcoin.
Speaking with TheStreet, Celente, who is the publisher of Trends Journal, argued that banks are fearful that bitcoin and cryptocurrencies will "take away their business," going so far as to argue they're "trying to kill it."
But while this could be taken as an off-the-cuff comment, Celente appears very much convinced. "There's no two ways about it," he said.
Jamie Dimon is at it again.
Expanding on his recent criticism of bitcoin, the CEO of JPMorgan Chase bank is again out in the media warning "it will end badly" for the tech. In a fresh round of press interviews, Dimon told CNBC he is concerned about a flood of cryptocurrencies – thanks to bitcoin, ethereum and initial coin offerings (ICOs) – and believes governments will soon crackdown on the phenomenon.
For the second time, in a matter of weeks, Jamie Dimon, CEO of JPMorgan Chase, has spoken out against cryptocurrencies and bitcoin.
In an interview with CNBC-TV18 in New Delhi, India, Dimon said:
Right now these crypto things are kind of a novelty. People think they’re kind of neat. But the bigger they get, the more governments are going to close them down.
Более 4 млн. биткоинов исчезли навсегда. Их владельцы потеряли доступ к своим кошелькам и теперь никто не сможет ими воспользоваться. Учитывая предел эмиссии биткойна в 21 млн. и тот факт, что в настоящее время «добыто» уже около 17 млн., означает, что каждый четвертый биткоин потерян безвозвратно.
Did Jamie Dimon have an ulterior motive when he trashed bitcoin last week?
Florian Schweitzer, managing partner for a bitcoin market trading firm, has filed a complaint with a Swedish regulator against JPMorgan’s chief executive for calling bitcoin a “fraud” a week ago after learning that JPMorgan began buying into a bitcoin tracker fund shortly after Dimon made his comments, according to Quartz.
Banks are likely "afraid" of bitcoin and blockchain, a wealth advisor said today.
Speaking with CNBC, Rainer Michael Preiss, executive director for Singapore-based Taurus Wealth Advisors, made his argument in the wake of comments from JPMorgan chief Jamie Dimon, who declared bitcoin "a fraud" earlier this month and predicted that it would "blow up".
One of the Wall Street Journal’s most read articles of the day implies that bitcoin’s volatility reveals that the cryptocurrency is “probably worth zero.” The author of the piece starts by stating that a borderless digital currency out of the government’s reach that allows for semi-anonymous transactions sounds good, but that he’s not really a bitcoin fan because of the small number of transactions it can handle, and the amount of power necessary to maintain the network.