Full video here
April 11 -- Bloomberg's Max Raskin reports on a cyber attack against online currency Bitcoin and their subsequent plunge in value. He speaks on Bloomberg Television's "Market Makers." (Source: Bloomberg)
[The latest wild swing in the Bitcoin craze]
There was an attack on one of the exchanges in Tokyo.
People with market orders weren't able to execute at that price.
Is it safe to invest in Bitcoin?
This virtual currency doesn't have regulation, a central bank, a government, anything to back it up. It's very small compared to liquid markets.
The ideology of these people, they are really dedicated to it. Law enforcement are very concerned. There are several different problems. It purchases illegal goods and money laundering and theft of virtual goods. Bitcoin itself.
No one knows who has jurisdiction. You can't identify people who have Bitcoin. Drug dealers tend to use cash for money laundering. To operate on exchanges you need to give them information. They run checks. If you trade for fiat currencies you are regulated, but in the virtual world you are not.
Bitcoin is ideological, it's trying to change the way the international economy works. #crypto node #crypto meme
Bitcoin's Future - Bloomberg (11.04.13) [jmVNo0qhCGX]
Full video here
April 11 -- Bloomberg's Max Raskin reports on a cyber attack against online currency Bitcoin and their subsequent plunge in value. He speaks on Bloomberg Television's "Market Makers." (Source: Bloomberg)
[The latest wild swing in the Bitcoin craze]
There was an attack on one of the exchanges in Tokyo.
People with market orders weren't able to execute at that price.
Is it safe to invest in Bitcoin?
This virtual currency doesn't have regulation, a central bank, a government, anything to back it up. It's very small compared to liquid markets.
The ideology of these people, they are really dedicated to it. Law enforcement are very concerned. There are several different problems. It purchases illegal goods and money laundering and theft of virtual goods. Bitcoin itself.
No one knows who has jurisdiction. You can't identify people who have Bitcoin. Drug dealers tend to use cash for money laundering. To operate on exchanges you need to give them information. They run checks. If you trade for fiat currencies you are regulated, but in the virtual world you are not.
Bitcoin is ideological, it's trying to change the way the international economy works. #crypto node #crypto meme