"It's a fraud" and "worse than tulip bulbs", Dimonsaid. This phrase is something of a shorthand for an economic bubble, a situation where an asset's price is far higher than its intrinsic value. That's a reference to the arrival and boom of the tulip plant in 17th-century Europe.
That wasn't it. Dimon said that if any JPMorgan traders were found trading Bitcoin they'd be fired right away. Besides, it may have a negative impact on all altcoins, such as Ethereum, and even blockchain-powered business models that do not directly deal with bitcoin. It fell by 4% after Dimon's comments. He called it a "fraud" and said he would fire any trader at the bank who touched it.
However, the banker revealed that his daughter had bought bitcoin: "It went up and she thinks she's a genius now".
However, according to the TheStreet, China is planning on launching its own digital currency that will trade on their exchanges. "I'm not saying 'go short bitcoin and sell $100,000 of bitcoin before it goes down".
The virtual currency fell as low as $3,766.36 on Wednesday and traded down 8.7% at $3,792.43 as of 11:03 a.m.in NY, according to CoinDesk.
Bitcoin may be the buzzword of the year but some industry veterans are not buying into the hype.
However, he acknowledged that the blockchain, the " chain of blocks", a technology behind the bitcoin, was, it, useful, but its usages in the daily life would take a long time.
Dimon's warning occurred as the United Kingdom regulator Financial Conduct Authority (FCA) issued a warning to investors about the speculative activity occurring around ICOs.
This comes just a day after Citigroup CEO John Gerspach issued a similar warning. Also, we had news that one of the Chinese exchanges, bitkan, would be stopped OTC trading from Thursday.
Johnson rushed for 814 yards and three touchdowns in his first year with the team in 2015. " Andre [Ellington ] looked very good". Tight end Troy Niklas suffered the same injury as Logan and Johnson, and said he had been afraid that was Johnson's issue.
Downgraded to a tropical storm, Irma brings heavy rain, wind & isolated tornadoes to our area today , tonight and early Tuesday . But it stipulated, "Special events, such as Mickey's Not So Scary Halloween Party, will also take place".
As part of the new strategy for the war in Afghanistan, Trump said his government would take a tough position on Pakistan. Pakistan is rightly taking friendly countries' leadership into confidence in the wake of Trump statement.
Marco Rubio attack ad that aired after learning the actress they hired for the commercial was softcore porn veteran Amy Lindsay. The "like" caused the very explicit tweet from the account @ SexuallPosts to appear briefly on that portion of Cruz's profile.
However, Yacob's selection was overshadowed by criticism that it was undemocratic to give her the top post without a vote. But she has seldom spoken publicly on the issue and there is little sign of change in official attitudes.
Katia was 195 miles northeast of Veracruz , Mexico , and there's a hurricane warning in effect for Cabo Rojo to Laguna Verde . This rainfall may cause life-threatening flash floods and mudslides, especially in areas of mountainous terrain.
Earlier this year, Hicks joined Jared Kushner and Ivanka Trump for Shabbat dinner at their Kalorama mansion, Politico reports . As long as Hicks doesn't give any "off the record" interviews with The New Yorker, she should have some better job security.
Director Rian Johnson has made it clear that he has no intentions to helm " Episode IX " of the " Star Wars " franchise. Abrams has been confirmed to handle both writing and directing Star Wars: Episode IX .
Global benchmark Brent crude futures, the benchmark for oil prices outside the US , fell 0.30% to $53.62 a barrel. It gradually lost strength and weakened to a tropical storm by Monday morning as it headed towards Georgia.
Cwm Lc stated it has 652 shares. 186.07 million shares or 9.83% less from 206.35 million shares in 2016Q3 were reported. Oppenheimer reinitiated the shares of TEVA in report on Wednesday, December 7 with "Outperform" rating.
Vandeweghe upsets Pliskova to reach last four at US Open
Defending that constantly, I'm just going to really have to do everything really well. "The team works as hard as I do". There wasn't much to give, but Stephens earned it. "Just made so many errors at the end there". "I played pretty well".
UCL: Chelsea midfielder doubtful for Qarabag clash
We must use our eyes and our previous experience as player and coach. "There is the necessity to rotate and play game-by-game". CHELSEA boss Antonio Conte has welcomed Eden Hazard's return but knows the attacker needs time to regain full fitness.