crypto kitty is another one. one crypto punk sold for half $1 million. it was basically a wash trade. the person sold it, bird money, but it back. you can see all of this on the blockchain. someone bought this punk for themselves with borrowed money, repaid the loan in the same transaction. it is interesting that regulation will start to come to ensure this does not happen. but it is also notable that with transparency on the blockchain, you can see it happening. romaine: it. romaine: is a reminder of how unregulated the world is right now. for a lot of folks, that is the attraction. taylor: and the openness of the blockchain ledger, being able to see their transactions. romaine: i am really glad we had a chance to go to the conference today and see the show. taylor: not touching that one. romaine: [laughter] ♪ moving is a handful. no kidding! fortunately, xfinity makes moving easy. easy? -easy? switch your xfinity services to your new address online in about a minute. that was easy. i know, right? and even save with special offers just for movers. rea

in crypto currency by placing new tax reporting rules that apply to digital assets like crypto and nf t's in trying to sell the need for tax to tax these assets in 2018. the iris actually pointed to research that showed the tax gap on crypto related capital gains was roughly $11500000000.00 in the year of 2017 saying it probably widened quite a bit since that a couple of the key points in the bill include brokers needing to report transactions of digital currency, these brokers would also have to report the names and addresses of their customers . another provision would require businesses and crypto exchanges to report when they have received more than $10000.00 in crypto crypto advocates have long been critical of calls for reporting, as they say, defeat the purpose of the centralized currency, which gives some sort of anonymity. so is this a step in the right direction for an industry that has wrestled with the idea of taxation and regulation? joining about the just to check that for john carlo. he's a former chair of the commodity futures trading commission and author of crypto da

but the devil is in the details of the bill, introduces new taxes on crypto trade. we'll discuss what the major means for investors. plus global market are mixed this week we'll go over what's been moving market in some of the world, most important economy. and over in scotland, the u. s. and kinda announce a joint agreement reached at the cap $26.00 climate summit with both country pledging, clamped down on greenhouse gases. we'll talk shop about the latest emissions deal between the 2 super power lot to get to look at the work and we leave the program with the state of crypto currency regulation in the united states in an effort to pay for the recently passed $1.00 trillion dollar infrastructure bill. lawmakers have included new tax requirements on crypto currency. the new rules attempt to limit tax evasion in crypto currency by placing new tax reporting rules that apply to digital assets like crypto and, and f t's in trying to sell the need for tax to tax these assets in 2018. the iris actually pointed to research that showed the tax gap on crypto related capital

than $10000.00 in crypto crypto advocates have long been critical of cause for reporting, as they say, defeat the purpose of the to centralize currency, which gives some sort of anonymity. so is this a step in the right direction for an industry that has wrestled with the idea of taxation and regulation? joining about the just the j for john carlo. he's a former chair of the commodity futures trading commission and author of crypto dad . the fight for the future of money chairman, it's a pleasure to have you back on the program. we really appreciate you coming on to talk about these important issues. so what is the take away from the tax provision in the infrastructure bill? is it the right move, looking at taxing at assets rather than broader regulation on actual use of crypto bred. great to be back with you in great to give you the take away and here's what it is. and that is that congress has now la last, after many requests identified its priority for crypto. you know, the industry, it's a $33.00 industry. now we've been asking congress to step in and identify the national policy.

so my answer to those who say, well let's not have self regulation a crypto. and i, my answer is what, what is it about, or we're leading equity markets, what is it about our world leading derivative markets, that where self regulation is somehow but the down? why wouldn't we, in fact, if you or an advocate for bringing this industry into well regulated environments, why would you advocate for self regulation, alongside federal regulation as the practice in our most successful world leading workers? and i got one more point i want ahead on because there's also talk about the future of the federal reserve recently and center bank digital currency could be a big winner if layer brainard were to actually be nominated over current fed chair jerome pal. if the fed were to have someone in place who actually sees the importance of c, b c's, would this be a step in the right direction? well, i have to beg the different with you a little bit because i've had the honor of working with both a jerome pow lael brainer during my time in washington. both of them i think woul

in crypto currency by placing new tax reporting rules that apply to digital assets like crypto and nf t's in trying to sell the need for tax to tax these assets in 2018. the iris actually pointed to research that showed the tax gap on crypto related capital gains was roughly $11500000000.00 in the year of 2017 saying it probably widened quite a bit since that a couple of the key points in the bill include brokers needing to report transactions of digital currency, these brokers would also have to report the names and addresses of their customers . another provision would require businesses encrypted exchanges to report when they have received more than $10000.00 in crypto crypto advocates have long been critical of cause for reporting, as they say, it defeats the purpose of the centralized currency which gives some sort of anonymity. so is this a step in the right direction for an industry that has wrestled with the idea of taxation and regulation? well, joining the just to check that for john carlo. he's a former chair of the commodity futures trading commission and author of crypto

with crypto, it seems fine. they don't think fundamentals are happening here and what they are looking for is a support level below 54,000 -- 50,000 is when they will start to worry folks say. caroline: technical at play here. you hear many a reason. is tax -- the path that people profited so much and will sell down and lock in, are they just plunking it forward because this is volatile? stacy-marie: both of those could be true. i definitely think that the fact that the tax provisions have made it into the biden administration proposal, the fact that we are reaching for the end of the year, after what has been a breathtaking run, and some folks are like closing out their portfolios into january. i think they have reached a settlement. this is one of the very first earliest exchanges. some people have got bitcoin and decided to exit. what we are going to continue to look at is the overall sentiment across a basket of currencies. we are going to keep on some of the other coins to see whether this is a token specif

ah and welcome back crypto currency continued to serge with the overall crypto market now worth more than 3 trillion dollars. the 3rd and 4th biggest tokens, binary coin, and selina have added more than 20 percent in the past 7 days. and all of the 7 biggest coins are up over the last week during this now to break it all down. and what is happening in the space is boba's co host in crypto analyst been swan. and jeffrey tucker, president of the brownstone institute jeffrey, i want to begin with you here. why is the overall crypto market surging so much? at this point? i talked to a number of people in the industry this morning herb and watching the stuff very closely from the inside. and the consensus seems to be that are all the economic developments we've seen in the financial developments of routine over the last 6 months or point in to very high inflation are much higher than, than the p p. and c, p i as angry of indexes are reporting and secretary sector. you see the sort of moving passages, nieto a rising prices everywhere and becomes increasingly being seen as the safe haven th

governing document for market integrity for the crypto market. and we are in the best position to become a regulatory agency if there were to be one which would need to be creative bite -- created by a legislative initiative. we work closely with regulators similar to the way we saw finra created. but to be clear, i see no regulation and the status quo to continue is not going to happen. no regulation is a mess and is going to continue to be a mess. we see a lot of regulators looking at crypto and what the extent of their authority and jurisdiction is. i'm expecting to see continued enforcement. i'm expecting to see continuing policy in the space and i think this space is going to be changing substantially from a regulatory standpoint. so i think adam is well in this. there's going to be a lot of opportunities for bipartisan participation. the hill is paying a lot of participation, so there is a lot more to come. caroline: hopefully we will speak to you again about it. michelle bond, thank you for your time. what a day -- we have almost as many q

from those crypto users. even with the after hours drop. it is the bitcoin minors -- miners that are ripping this up. this is a spot that has not had a lot of luck this year. this was all the rage in 2020. when we are talking about using digital cards and venmo accounts. all of that has to do with being contactless. you start to see companies like paypal underperform year to date. the question is how do they keep diversifying, working with other payment companies to keep that momentum going and perhaps pull them out of this tough time. >> thank you. we want to keep the conversation going on the world of fintech and the payment platform that helps companies like doordash process their payments. the ceo with us now. what was the most significant driver of today's results? >> thanks for having me, good to see you again. >> we continue to see growth. we had 56% growth order over quarter from last year. we are continuing to see non-growth in our non-top five customers. that truly shows the power of our platforms.

as we of oblong crypto, we can evolve --evolve on crypto, we can evolve on other alternative assets. we have to talk the investment of fine wine, holding its auction. we will discuss up next. this is bloomberg. ♪ ♪ ♪ romaine: we have been having intense discussions off-camera about record highs, talking about alternative investments and nft's. it may be the new way to invest but physical objects are viable. you're taking a look at the record how value -- high value. taylor: i show up at 2:00 and the only thing i can do is discuss nasdaq and bonds. wait for the start. not only record highs for the nasdaq, but a fine line. we do this for caroline, the classy one on the set. this is the fine wine at 100 index that tracks the price performance of the 100 most sought out winds on the secondary market. it is up 2.2% in october. again, a record as we look and kind of going back to the 2011 piece and beyond. guess what drove it, caroline? caroline: can i just say the fed? can i blame money? taylor: liquidity is popping in. romaine: you have all the answers you need. taylor: after the f

okay, i mean, there are sudden announcements, obviously, when some crypto assets to take the crypto market by, by surprise, i'll get on to the how even even the poorest people. and i'm speaking to you from a country or with one in for children in poverty. how they families like that can somehow participate. i'll get to that in a moment, but no, not only are ordinary people not allowed to or not been able to get into this market for so many decades. they've had, they've had to see their own currencies, get more and more di valued. we know here that the standard of living is set to decrease according to many analysts could do. the very same vested interest in nato nation is not deliberately sabotaged crypto by quantitative. lee easing but tip to buy the market by the crypto market, just as they were, i only, we aren't as feared currency, they will buy ass, they will buy crypto assets of the time. that is going to happen. all they going to be a large enough participant cars that come in so late to be able to manipulate that market or damp in the market. like people say that happens with the g

he wants new york to be the hub of crypto currency and block chain. but he's got a lot of competition in that space to track those business. and christy payments, firms square said, and it's 3rd quarter earnings letter thursday that it's peer to peer payment service. cash app generate $1820000000.00 of bitcoin revenue in the quarter and $42000000.00 of growth profit. how much of squares future will surround big corn and maybe other crypto currency? a lot squared, but a lot on the coin and big ones going to be the company's main growth driver for the near future cars. let's face it, the payment up space. it's pretty saturated already. we're talking about standard payment processing. so there really isn't that much growth left florida in traditional payments between apple pay pay pal who already owns and mo and square who owns cash up. the space is already done. so square is rely on bit going to continue to deliver its high double digit growth numbers. it has purchased more than $200000000.00 worth of the crypto currency over the past 2 quarters this ye

not deliberately sabotaged crypto by quantitative li easing, but to, to buy the market by the crypto market, just as they were, i only we currencies viet currency. they will buy ass, they will buy crypto assets of the time. that is going to happen. all they're going to be a launch in a participant because they'd come in so late to be able to manipulate that market or damp in the market like people say that happens with the gold market. i doubt it because this something is unique. this is a distributed network of owners around the world from a 150000000 people that will soon be a 1000000000 people. so their ability to control it is almost 0. it's a fascinating, fascinating spice. it is really anti establishment at its core and creates a new world based around kind of distributed ownership and proven ownership of assets that people can't mess around with. you can't wait supply, fearing the loss of power. could the fed in the bank of england not just buy all of it and take the hit of the loss and make the public pay for it? it's potentially feasible if somebody will sell it to them. so

what did you do with crypto today? >> i love crypto. there -- they are so much fun to cover. we are back to levels that we were at two weeks ago. we are seeing steep drawdowns. it going at 60,000. even ethereum is selling off. i don't think though that the momentum has completely drained away. crypto has traditionally had strong final months of the year. >> eddie, from our mliv team. you can also check out the live blog which is very good. joe biden and xi jinping talked about the need for cooperation in there for summit. >> we need to establish common sense guardrails to be clear and honest where we disagree and work together where our interests intersect especially on vital global issues like climate change. neither -- this does not favor one or the other country, but it is responsible leadership. >> our senior editor in singapore joins us now. great to speak to you especially face to face and in singapore. it was interesting to see president xi asking for a rational policy from president biden and then president biden talked about trade with china. >> i am thrilled you hav

to serve with the overall crypto market. now worth more than 3 trillion dollars. the 3rd and 4th biggest tokens, binary coin, and a lot of have added more than 20 percent in the past 7 days. and all of the 7 biggest coins are up over the last week during the break it all down. and what is happening in the space is blue bus co host, the crypto analyst bend swan and jeffrey tucker, president of the brownstone institute jeffery, i want to begin with you here. why is the overall crypto market surging so much? at this point, i talked to a number of people in the industry this morning. her been watching this stuff very closely from the inside. and the consensus seems to be that are all the economic developments we've seen with financial developments have we seen over the last 6 months or point in to very high inflation much higher than, than the p p. and c, p i as angry of indexes are reporting and secretary sector. you see the sort of moving passages, nieto, a rising price is everywhere and becomes increasingly being seen as the

and now is that grocery chain, kroger would begin accepting the crypto? the only problem is that prep press release was a fake. the fraudulent announcement which was issued on p r. news wire and appeared on kroger's website, claimed the growth retailer would be accepting b. c, h for all in store and online purchases. starting on the 1st of december after the company explained that the press release was fraudulent. bitcoin cash gave up all of its gains on the day and actually dipped below the price where it all started. joining us out, discuss our bu, bus co host and our favorite crypto analysts bend swan and chris, the i. christy. i want to start with you here. this is, this is kind of fraudulent press release. had gone on before with a reef that one in september that claim that wal mart would begin accepting light coin. what is the purpose of putting out these kind of roger releases? well, the purpose behind this is the same as any pump and dumb scheme that the crypto market learn from the equity markets. these things happen all the time in the equity ma

plus, it's an increasingly common way to buy crypto currencies like bitcoin. head to an atm, give them your phone number, insert cash and in a few minutes, the virtual currency heads to a wallet but who's really getting the funds? cnbc investigation, coming up. trading day. stocks are lower, bond yields are falling, too oil is up and so is one stay at home stock that's managing to stay hot let's begin with bob pisani with more on this rare down day what's going on? >> it's about time eight up days and the markets are really overbought at this point. so we're due for a pause we've got some large sectors like industrials and banks that have been on the weak side not dramatically let me show you the semiconductors first we had new highs on many, many semiconductors in the last few days modest weakness. amd has gone par bolick in the last few days. energy stocks, the whole energy complex is starting to run out of steam after a big move up and for a big part of the third quarter, these stocks have been largely sideways recently. apache was at a new high these are m

ah, they're welcome back crypto currency continue to search with the overall crypto market. now worth more than 3 trillion dollars. the 3rd and 4th biggest tokens, binary coin, and selina have added more than 20 percent in the past 7 days. and all of the 7 biggest coins are up over the last week. just now to break it all down. and what is happening in the space is boba's co host and crypto analyst been swan. and jeffrey tucker, president of the brownstone institute jeffrey, i want to begin with you here. why is the overall crypto market surging so much? at this point, i talked to a number of people in the industry this morning. her been watching this stuff very closely from the inside. and the consensus seems to be that are all the economic developments we've seen in the financial developments have we seen over the last 6 months or point in to very high inflation, much higher than, than the p p. and c, p i as angry of indexes are reporting and secretary sector. you see the sort of moving passages, nieto, a rising price is everywhere and becomes increasingly being seen as the

i also say in the crypto space. when i said publicly that these platforms come in, talk to us, get registered. these trading and lending platforms it's highly unlikely with 50 100 or sometimes thousands of tokens that don't have securities that they come in and say you know that transfer agent rule doesn't quite fit for these custody rules doesn't quite fit. for these new forms of capital formation we should get into those discussions talk about how we stay true to the mission that congress wants us to do but if we need to adjust some of these sometimes very technical roles we are written in a differentenvironment we should see what we can adjust . >> the gentleman's time has expired. the gentleman fromgeorgia mister scott was also the chair of the house agricultural committee is recognized for five minutes . >> chairman gensler, how are you? first thing i want to say german is congratulations. as both you and i are graduates of the school of finance at the university of pennsylvania in philadelphia where we receive

the welcome back. crypto currency continue to search with the overall crypto market. now worth more than 3 trillion dollars. the 3rd and 4th biggest tokens, binary coin, and a lot to have added more than 20 percent in the past 7 days. and all of the 7 biggest coins are up over the last week. during the break it all down and what is happening in the space is blue bus co host, the crypto analyst bend swan and jeffrey tucker, president of the brownstone institute jeffery, i want to begin with you here. why is the overall crypto market surging so much? at this point i talked to a number of people in the industry this morning. her been watching the suffering closely from the inside. and the consensus seems to be that are all the economic developments we've seen in the financial developments of routine over the last 6 months or point in to very high inflation, much higher than, than the p p. and c, p i as angry of indexes are reporting and secretary sector. you see the sort of moving passages, nieto a rising prices everywhere and becomes increasingly being seen as the safe

okay, i mean, there are sudden announcements, obviously, when some crypto assets to take the crypto market by, by surprise, i'll get on to the how even even the poorest people. and i'm speaking to you from a country with one and 4 children in poverty. how they families like that can somehow participate. i'll get to that in a moment, but not only are ordinary people not allowed to or not been able to get into this market for so many decades. they've had, they've had to see their own currencies. get more and more di valued. we know here that the standard of living is set to decrease according to many analysts could do . the very same vested interest in nato nation is not deliberately sabotaged crypto a by quantitative lee easing. but tip to buy the market by the crypto market, just as they were, i only we hunted viet guarantee they will buy ass. they will buy crypto assets of the time. that is going to happen. all they gain to be a large enough participant because they'd come in so late to be able to manipulate that market or damp in the market like people say that happens with the gold mark

and now is that grocery chain, kroger would begin accepting the crypto? the only problem is that printing press release was a fake. the fraudulent announcement which was issued on p r. news wire and appeared on kroger's website, claimed the growth retailer would be accepting b. c, h for all in store and online purchases. starting on the 1st of december after the company explained that the press release was fraudulent. bitcoin cash gave up all of its gains on the day and actually dipped below the price where it all started. joining us out, discuss our bu, bus co host and our favorite crypto analysts, ben swan and chris, the i. christy, i want to start with you here. this is, this is kind of fraudulent press release. had gone on before with a recent one in september that claim that wal mart would begin accepting light coin . what is the purpose of putting out these kind of raja releases? well, the purpose behind this is the same as any pump and dumb scheme that the crypto markets learn from the equity markets. these things happen all the time and the equity

regulation of crypto is good. i was just at the preeminent conference of everything fintech, a lot of talk around decentralized finance and crypto and blockchain, compliance, compliance and crypto fit together pretty well. that goes into a place of trust and verify. we see a bright future with regards to crypto, decentralized finance as we begin to grow the business. visa and mastercard have interconnected the world for companies that want to accept cards. there is a lot of growth there. emily: we will keep watching, david gardner, founder and ceo of marqeta. coming up, a call to action to save the planet. we will speak to the chair about his new book and what he believes is the path out of the climate crisis. let's take a look at shares of bumble, raising its revenue forecast for the rest of the year, a sign that the easing of pandemic restrictions has brought enthusiasm for matchmaking. we will find out when the ceo joins us right here thursday. this is bloomberg. ♪ emily: as we near the end of cop 26 and glas

let's bring him to moscow, hosting crypto analyst, christy i to explain. christy. i was talking about this infrastructure bill because one of the biggest challenges, as we've talked about of this law, is it redefines who and what a broker is, how messy is this going to get for the crypto industry? oh, it will get very messy. and the bill is mainly meant for the ira to have this well defined definition, but it ultimately risks asking network actors to behave as note operators in order to report identifying information for cryptic transaction that they have absolutely no way of gathering. like actually no way of getting because there's no centralized database recording your email, your phone number, your social security number, except when you log on to send it to someone. so this bill was clearly written by someone who has 0 understanding of the technology itself. so this will get very messy for crypto operators in the us, which is why so many already have chosen to abandon us customers. so things like hello yes, next circle. finance. change the just to name a few.

not deliberately sabotaged crypto by quantitative li easing, but to, to buy the market by the crypto market, just as they were, i only we currencies viet currency. they will buy ass, they will buy crypto assets of the time. that is going to happen. all they're going to be a launching of participant cars that come in so late to be able to manipulate that market or damp in the market like people say that happens with the gold market. i doubt it because there's something as unique. this is a distributed network of owners around the world from a 150000000 people. that will soon be a 1000000000 people. so their ability to control it is almost 0. it's a fascinating, fascinating spice. it is really anti establishment at its core and crates. a new world based around kind of distributed ownership and proven ownership of assets of people can't mess around with you can't wait supply, fearing the loss of power. could the fed in the bank of england not just by all of it and take the hit of the loss and make the public pay for it? it's potentially feasible if somebody will sell it to them to it. s

moving to the crypto market. bitcoin pulling back after hitting all-time highs ethereum continues its march to new records. this as investors begin to wonder if crypto is the new inflation hedge. kate rooney has that for us right now. jim cramer yesterday in our money event said yes, indeed, crypto can be an inflation hedge. >> it can be that's really the way it has been described it has been called digital gold and on a inflation hedge bitcoin got a chance to prove that this week as we saw the highest inflation reading in three decades. on tuesday, the u.s. ten-year yield jumped sending equity markets spiraling. bitcoin meanwhile rising from 66,000 to a new high of 69,000 on the back of that inflation number and it outperformed real gold. this has been the bull case for bitcoin laid out by some of the high net worth buyers. paul tudor jones saying he was buying it to guard against rising inflation that narrative is going mainstream there has been an uptick in new short-term investors getting into the crypto mark

there's no question about that in the crypto space. this is the digital currency, the crypto currencies have completely revolutionized banking, which is not just what they set out to do. they set out to obviously replace the banking system, but they have revolutionized that. and so j. p. morgan actually has been a part of this for a long time. remember a couple years ago, they released something called j. p coin, which was essentially designed specifically for this purpose. because whenever you have any kind of international transaction, you have to use a system is called the swift system, which allows you to be able to make those transactions across borders. it is a process, it's expensive, it's time consuming. it takes a long time to get it done. crypto currencies completely change that. and so what j . p morgan is saying, is that, yeah, if the central banks have their own digital currency, so c, b, d, c's, they will be able to follow the trail that's already been blaze by crypto currencies create a much less expensive prospect for b

but when we come back is a good day for crypto currency. the theory has a new record high, but how to users recharge it. and a provision that was included in the infrastructure bill pass by congress for this gaps. and as we go to break, here's the numbers at the clothes, shoes. ah, what happened? i make no borders and the keys and you as a marriage, we don't have a charity, we don't the vaccine, the whole world needs to take action and to be ready. people are judgment, common crisis with we can do better, we should be better. everyone is contributing each in their own way. but we also know that this crisis will not go on forever. the challenge is great, the response has been met. so many good people are helping us. it makes us feel very proud that we are in it together with oh, driven by dream shapes, bankers are those with dares sinks. we dare to ask ah oh, is your media a reflection of reality? in the world transformed? what will make you feel safe? isolation for community. are you going the right way or are you being that somewhere? dire

why is the overall crypto market surging so much? at this point, i talked to a number of people in the industry this morning. her been watching this stuff very closely from the inside. and the consensus seems to be that are all the economic developments we've seen in the financial developments have we seen over the last 6 months or point in to very high inflation are much higher than, than the p p. and c, p i as angry of indexes are reporting and secretary sector. you see the sort of moving passages neil of rising prices everywhere and becomes increasingly being seen as the safe haven that it was developed to be and also as an alternative to national currencies. if the national courtesies work fine and remains his work find wouldn't be any reason for bitcoin. but dekaiser present a release to 13 years ago. precisely to address exactly this combination of events with the financial system under great deal of pressure inflation on the rise supply chain, stock or world trade or having been broken down in many ways and conventional monast

let's go host an crypto analyst, chris b, i and ben swan. christy. let's start with you here breakdown for us why a theory is surging. well, there isn't one specific reason for this move upwards. there's a whole host of reasons that's pushing both the crypto markets and the equity markets up in the san rally into year end. so firstly, we have the growing inflation concern, which is just pushing capital towards assets of high return, such as crypto and equities alike. and then we also have the positive news as a big point atf which is driving institutional demand and increasing liquidity. and so that was a big one thing as all summer long. we've had the negative overhang from china banding bitcoin yet again, and the uncertainty of regulations coming down. but it seems that wall street has accepted these risks and continue to view these risks as manageable. and then of course we have the wave of the fi and s p 's, which is still boomy, as the online community grows and continues to add more products and functionalities to the suite. so it is now up aga

he wants new york to be the hub of crypto currency and block chain. but he's got a lot of competition in that space to attract those business. and christy payments, firms where that and it's 3rd quarter earnings letter thursday that it's peer to peer payments service actually generate $1820000000.00 of bitcoin revenue in the quarter and $42000000.00 of growth profit. how much of squares future will surround bit corner may be other crypto currency. a lot square bed a lot on there, coin and big ones. going to be the company's main growth driver for the near future cars. let's face it, the payment app space. it's pretty saturate already. we're talking about standard payment processing. so there really isn't that much growth left florida in traditional payments between apple pay pay pal who already owns and mo and square who owns cash up. the space is already done. so square is rely on bit going to continue to deliver as high double digit growth numbers as purchase. more than $200000000.00 worth of the crypto currency over the past 2 quarters this year. a

i mean, there are sudden announcements, obviously, when some crypto assets, the take the crypto market by, by surprise, i'll get on to the how even, even the poorest people. and i'm speaking to you from a country with one and 4 children in poverty. how they families like that can somehow participate. i'll get to that in a moment, but not only our ordinary people not allowed to or not been able to get into this market for so many decades. they've had, they've had to see their own currencies. get more and more the value we know here that the standard of living is set to decrease according to many analysts. could the very same vested interests in nato nations, not deliberately sabotaged crypto by quantitative lee. easy, but to, to buy the market by the crypto market, just as they were, i only return to his fat currency. they will buy ass, they will buy crypto assets of the time. that is going to happen. all they gain to be a large enough participant because that come in so late to be able to manipulate that market or damp in the market like people say that happens with the gold market. i

i'd crypto dad if you will, christiane carlo. and he basically made those same points, which is if there's such a regulatory environment where there's so many regular you're trying to get on this . and meanwhile, we've just been left behind on crypto as a whole. here in the united states because we're not ready for it, and it's no surprise that congress doesn't know how to regulate tech in any way. meanwhile, on that mining side, why is trying to claiming it will clean up the crypto mining industry. when most of that industry in china is already gone or, or is it well actually there's still a lot of miners left in china back in may, trying to crack down hard on mining and trading said what we called the great and mining migration. so they went to texas, switzerland, canada, anywhere with cheap renewable power. that's also the friendly. so while the actual data for the global distribution of mining power it's still unavailable, estimates are that 50 to 60 percent of china's miners have left, but a good chunk still remains. just li

not deliberately sabotaged crypto by quantitative lee, easy, but to, to buy the market by the crypto market. just as they were, i only return to his field currency. they will buy ass, they will buy crypto assets of the time. that is going to happen. all they're going to be a launch in a participant, cause that come in so late to be able to manipulate that market or damp in the market like people say that happens with the gold market. i doubt it because this something is you. this is a distributed network of owners around the world from a 150000000 people that will soon be a 1000000000 people. so their ability to control it is almost 0. it's a fascinating, fascinating space. it is really anti establishment at its core and creates a new world based around kind of distributed ownership and proven ownership of assets that people can't mess around with. you can't wait to supply a fearing the loss of power. could the fed in the bank of england not just by all of it and take the hit of the loss and make the public pay for it? it's potentially feasible if somebody will sell it to them. so it

okay, i mean there are sudden announcements, obviously when some crypto assets that take the crypto market by, by surprise, i'll get on to the how even even the poorest people. and i'm speaking to you from a country with one and 4 children in poverty. how they families like that can somehow participate. i'll get to that in a moment, but not only our ordinary people not allowed to or not been able to get into this market for so many decades. they've had, they've had to see their own currencies. get more and more di valued. we know here that the standard of living is set to decrease according to many analysts, could do the very same vested interests in nato nations. not deliberately sabotaged crypto by quantitative li easing. but to, to buy the market by the crypto market, just as they were, i only we currencies viet currency, they will buy ass, they will buy crypto assets of the time. that is going to happen. are they going to be a launch in a participant because they've come in so late to be able to manipulate that market or damp in the market like people say that happens with the gold mar

i'd crypto dad, if you will, christiane carlo. and he basically made those same points, which is there is such a regulatory environment where there's so many regulars trying to get on this. and meanwhile, we've just been left behind on crypto as a whole here in the united states because we're not ready for it. and it's no surprise that congress doesn't know how to regulate tech in any way. meanwhile, on that mining side, why it's trying to claiming it will clean up the crypto mining industry. when most of that industry in china is already gone or, or is it? well actually there's still a lot of miners less than china back in may, trying to crack down hard on mining and trading, setting off what we called the great and mining migrations. so they went to texas, switzerland, canada, anywhere with cheap renewable power. that's also friendly. so while the actual data for the global distribution of mining power it's still unavailable, estimates are that 50 to 60 percent of trying to minors have left, but a good chunk still remains. just

there's no question about that in the crypto space. this and digital currency and crypto currencies have completely revolutionized banking, which is not just what they set out to do. they set out to obviously replace the banking system, but they have revolutionized that. and so j. p. morgan actually has been a part of this for a long time. remember a couple of years ago, they released something called j. p coin, which was essentially designed specifically for this purpose. because whenever you have any kind of an international transaction, you have to use a system is called the swift system, which allows you to be able to make those transactions across borders. it is a process, it's expensive, it's time consuming. it takes a long time to get it done. crypto currencies completely change that. and so when jamie morgan is saying, is that, yeah, it's central banks have their own digital currency. so c, b, d, c's. they will be able to follow the trail that's already been blaze by crypto currencies create a much less expensive prospect for b

for me, plus a coin and other crypto currencies take ahead. is china ramps up? it's cracked down on crypto mining, calling it an extremely harmful practice. we'll talk about the future of those digital coins. we have a pat show today, so let's get to it. where we leave the program with the fate of the embattled north stream to pipeline it is set to transport natural gas from russia to germany. germany's infrastructure regulator, the federal network agency, on tuesday, suspended its certification of the project. it's a very big deal because as they say, winter is coming and the cost of energy is already sky high. now, while the pipeline has been the subject of geopolitical tensions between berlin, washington and moscow in brussels, it's bureaucratic red tape has gotten in the way. the german watchdogs reason for delaying the certification process is due to the swiss based company behind orange dream, to needing to form a german subsidiary under the country's law to be granted its license for operation and still was certified. the project will face approval from t

second, most popular crypto percy has read a record high. later on we bring you a full view of the achievement and what it could mean for the crypto space as a whole. got a lot to get to. let's get started. and we leave the program with the message from china that its power supply has returned to normal. but beijing state grid warns challenges lie ahead with winter fast approaching in response to an energy crunch that impacted production at major factories. in september chinese, coal import skyrocketed nearly doubling in october compared to the year before, notably, ongoing tension between china and australia, sent beijing to moscow for supply and coal imports from russia have sort 230 percent in the last year as a result. now, meanwhile, oil prices were up on monday, while the by an administration has put pressure on opec plus to increase supply. the cartel has refused to divert from his current schedule. saudi arabia double down by raising prices for next month, more than expected, putting its rate for arab light crude at the 2nd highest p

and a lot of people in the crypto industry are upset about it. they're, they're very concerned about this because you're really using very vague language. and then what chris, he also said, which is critically important. so congress is supposed to make the laws. right. and so that's what congress is doing here. they're creating a law. but by using this very unclear, vague language, you're now actually allowing the treasury department, the justice department, in some cases the, i arrest the fcc, you're allowing all of these drop proceeds within the government to actually create the law in the way they interpret it. congress actually defined something before you pass a bill about it that way. that way everyone is clear on what this is and then the enforcement agencies should be enforcing the law that's been written. not some vague terminology that no one really understands. so that then these different bureaucracies can make up the law and that's what they're actually doing here. those bureaucracies are the ones who will write the law because it's,

ravi: the crypto phenomenon, or the phenomenon of crypto tokens, is much broader. and we see quite a lot of promise there. it's still very nascent, so it could lead to nowhere, or it could lead to a lot of risk and turmoil. or it could lead to a very good outcome for the economy and society. so i think we have to look at it in terms of scenario and prepare ourselves for any outcome. but i think the crypto phenomenon which is decentralized, which brings efficiency game, hopefully better security with the encryption which is a very high standard. and smart contracts that are self-executing. so that brings about a decentralization away from intermediaries which means lower cost, higher efficiency, more market participation. disruptive? yes. those who are intermediary are key here. they will face some challenge. so that is the future on a positive note. not without disruption, but overall being beneficial. we're interested in developing crypto technology, understanding blockchain, smart contracts, and preparing ourselves. if it's going to be a -- we want to make sure w

i'd crypto dad if you will, christiane carlo. and he basically made those same points, which is such a regulatory environment where there's so many regular trying to get on this. and meanwhile, we've just been left behind on crypto as a whole here in the united states because we're not ready for it. and it's no surprise that congress doesn't know how to regulate tech in any way. meanwhile, on that mining side, why is trying to claiming it will clean up the crypto mining industry. when most of that industry in china is already gone or, or is it? well actually there's still a lot of miners left in china back in may, trying to crack down hard on mining and trading. said that we called the great mining migration. so they went to texas, switzerland, canada, anywhere with cheap renewable power. that's also the friendly. so while the actual data for the global distribution of mining power it's still unavailable, estimates are that 50 to 60 percent of trying to minors have left, but a good chunk still remains. just like when trying to tr

so my question is, do you advise making a crypto currency such as image tr, the 19 and it mining companies and mara and the volatility. [inaudible]. >> will this is your area of expertise and i will tell you how i will real quick because i don't understand crypto like she does but i have been training and those on my training service. we do own riot right now, but they have been training names for me as i tried to learn it because i'm at the point that the typical technical analysis i don't know about big point after it hit in the pull back in soto i will buy at probably three times higher. >> i'm a little bit different, i'm on for dear life type of person, do not trade and i don't think that way so when you're really asking, ways to get exposed to crypto, so this best way would you can open them of all it and you would on the bitcoin order all coins directly in your name and you hold it to order you alluded to another thing that you can buy in your broker's account if they're work on the both of these a lot of people do not want to go through the hassle of opening of an apology would owne

i get that because obviously crypto is a new thing but people who got in early with crypto are in the money. you know, don't trust either. you got to figure there is some people who just say i'm sticking my money under the mattress. then your next question is will you buy a crypto etf? let's be clear on something, two etfs have track crypto futures have been approved but no crypto etfs are available. 39% say they would likely buy into it. 24% somewhat likely. what is going on here? >> yeah. they're very clear just about what is inside of these bitcoin related etfs. some of the biggest questions, the top traffic questions on our site are very much about that. what is a bitcoin futures etf. what is a bitcoin etf itself. what does it hold? how do i access. 24% somewhat likely. more than close to 60% say they're somewhat interested. there is mass market appeal, retail appeal. bitcoin futures etfs are out there. brought in a lot of money out of the gate. they're not trading much higher than the issue price. we'll see what happens next. a lot of these are on the runway coming to market very

what drives your eat those on crypto -- ethos on crypto? tim: i say bitcoin represents trust and freedom in a world that is starting to get less of both in the fiat world. fiat is less trusted because governments are just printing them willy-nilly to just build their own coffers. this is a great hedge against the inflation you were just talking about happening worldwide. for investors, i think holding onto bitcoin is probably a good place to be. there are only 21 million bitcoin out there, and they represent the freedom that allows us to use them anywhere. and the trust in that you are trusting in the software rather than trying to trust some bank or government entity. taylor: we see your bitcoin ties. we know where you stand on that, but you were not wearing an ethereum tie. tim: some of those also can inflate the way governments can inflate. i'm always very careful about that. what i look for is, who are the entrepreneurs and who are the engineers behind a given token? i love some of the tokens. i love pesos, because they have redefined h

he wants new york to be the hub of crypto currency and ball chain. but he's got a lot of competition in that space to attract those businesses and christy payments, firms square that, and it's 3rd quarter earnings letter thursday that it's peer to peer payment service. cash app generate $1820000000.00 of bitcoin revenue in the quarter and $42000000.00 of growth profit. how much of squares future will surround bit corn and maybe other crypto currency? a lot square bed a lot on big coin and big ones, going to be the company's main growth driver for the near future cars. let's face it, the payment app space. it's pretty saturate already. we're talking about standard payment processing. so there really isn't that much growth left florida in traditional payments between apple pay pay pal who already owns and mo and square who owns cash up. the space is already done. so square is rely on bit going to continue to deliver as high double digit growth numbers as purchase. more than $200000000.00 worth of the crypto currency over the past 2 quarters this year.

lies in the crypto top ten crypto index list. how do you know which coins to buy, we talked about do you buy the blue-chip or the younger aggressive growing. that's with the ten crypto index fund does. there are always you complain the space. this way you can have directional exposure even if you aren't buying bitcoin exactly from exchange you're gonna find that the tracking movements are pretty darn accurate. >> this is a fascinating area we will be talking about in the coming years. coming up our buyers guide to hot market continues. value investors like warren buffett are having a tough time finding stocks at a fair price. finding stocks at a fair price. there's a different way to treat hiv. it's once-monthly injectable cabenuva. cabenuva is the only once-a-month, complete hiv treatment for adults who are undetectable. cabenuva helps keep me undetectable. it's two injections, given by a healthcare provider once a month. hiv pills aren't on my mind. i love being able to pick up and go. don't receive cabenuva if you're allergic

crypto night in america starts right now. >>> welcome to