72324
Bitcoin a Fraud?
World Economy

Bitcoin a Fraud?

Bitcoin may be the buzzword of the year but some industry veterans are not buying into the hype. At a recent bank investor conference, Jamie Dimon, the CEO of JP Morgan Chase & Co., a financial services holding company, called Bitcoin a fraud and that it will blow up soon, Yahoo reported. During the conference, he made a controversial statement when he criticized the crypto currency. “The currency isn’t going to work. You can’t have a business where people can invent a currency out of thin air and think that people who are buying it are really smart.”

Short URL : https://goo.gl/gE7yZU
  1. https://goo.gl/YEv8fp
  • https://goo.gl/Muh5iF
  • https://goo.gl/ivst9L
  • https://goo.gl/apveEA
  • https://goo.gl/JQm3H6

You can also read ...

Debt to GDP ratios across the OECD averaged 73% last year and its members are set to borrow $14.67 trillion from the markets this year.
The world economy is at risk from a rising tide of government...
US has accused ABLV of money laundering and breaching  sanctions on North Korea.
The European Central Bank said Saturday it has determined that...
S&P Ups Russia to Investment Grade
Russia received a long-awaited upgrade to its sovereign rating...
Mexico Hosts 39 Million Tourists, Earns $21 Billion
Mexico saw record revenues from international tourism in 2017...
China’s Geely Buys $9 Billion Daimler Stake
The founder of Zhejiang Geely Holding Group Co. has...
Peru Deficit Narrows
Peru had a current account deficit of 1.3% of the gross...
Manafort Indictment Spells Trouble for Bankers
Recently filed federal charges against President Donald Trump’...
Thorny issues such as content rules for  cars remain unsolved.
It’s looking increasingly likely Nafta talks will extend...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus