Tag Archives: China

AT&T Has M&A Bankers Saying ‘Merry Christmas’ Again

Today’s Agenda What the AT&T verdict means The coming Golden Age of Fake News The Grand Unified Theory of Trump The reckless Fed China’s growing influence Here come the deals! video-faking technology has advanced so much that all kinds of highly convincing, “deep-fake” videos can be created, Bloomberg’s editors warn. We are not yet ready for this Golden Age of Fake News.  The Grand Unified Theory of Trump Whether you are pro- or anti-Trump, it’s always tempting to attribute deeper motives to his day-to-day activities. Trump’s trashing […]

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What Could Kill the Bitcoin Boom

If you bought a Bitcoin in early 2017, when one cost less than $900, you could have a profit of more than 1,200 percent now. But you almost certainly didn’t do that. Perhaps you dipped in a toe in November or December, as the price hit headline-grabbing records—$10,000, then $15,000, then higher. If you were very unlucky and bought at the peak of about $20,000 on Dec. 17, you’d have lost more than 40 percent of your money as of Jan. 16, when the price was $11,200. […]

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Heres What the World’s Central Banks Really Think About Bitcoin

Eight years since the birth of bitcoin, central banks around the world are increasingly recognizing the potential upsides and downsides of digital currencies. The guardians of the global economy have two sets of issues to address. First is what to do, if anything, about emergence and growth of the private cryptocurrencies that are grabbing more and more attention — with bitcoin now surging toward $10,000. The second question is whether to issue official versions. Following is an overview of how the world’s largest central banks (and some smaller […]

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Youd Be Crazy to Actually Spend Bitcoin

A little more than four years ago, Coupa Café, a caramel-macchiato joint in Palo Alto, began accepting bitcoin. This was shortly before the first big bitcoin rush briefly pushed the cryptocurrency’s price from about $100 to more than $1,000. At the time, two or three Coupa customers a week would pay their bills with bitcoin, says co-owner Camelia Coupal. Today, the number is … still two or three people a week. “It’s a really minimal part of our sales,” she says. “It’s really just a quirky thing […]

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After 4,400% Surge, Bitcoins Fate Hinges on Huge Chinese Miners

Wu Jihan still remembers the exhilaration he felt after learning about bitcoin in 2011. QuickTake Bitcoin and the Blockchain A self-described computer geek fresh out of Chinas top university, Wu soaked up everything he could about the digital currencys mysterious founder and its users ambitions to transform the global financial system. Within a year, he quit his job at a private equity firm to launch a bitcoin startup. Today, his company is one of the worlds biggest players in bitcoin mining, a computing process that makes transactions […]

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Meet the millennials making big money riding China’s bitcoin wave

The cryptocurrency may have no physical form but the returns from trading it can be very real and for some theyre worth giving up your job for On a sunny afternoon in west Beijing, on the auspicious eighth floor of a nondescript concrete high-rise, Huai Yang sits with the curtains drawn in his apartment, making his own luck. For the past six months, 27-year-old Yang has worked mainly from home, mainly from his sofa, tracking and trading bitcoin, and watching the money roll in. The flat itself […]

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Stellar Emerges From Shadow of Bitcoin to Find a Home Overseas

LeEco is like the Netflix of China—except it also sells phones, televisions, and cars. Now, it’s moving into the US after acquiring the stateside television maker Vizio. Unlike some Chinese tech giants that seem happy to focus on a domestic market approaching 1.4 billion, LeEco has international ambitions. And to make those ambitions a reality, it’s embracing a bitcoin-like creation that can quickly and inexpensively move any country’s currency across borders and around the world. This technology is called Stellar, an open source payments protocol that grew […]

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