Blackmailing German Bomber Demands 10 Million Euros In Bitcoin From DHL

Of course, Bitcoin naysayers are likely to pounce on stories like this to dismiss Bitcoin as merely a mechanism for facilitating criminal activity. Indeed, Larry Finck of Blackrock dismissed it as a index to gauge worldwide money laundering, our old friend Neil Dwane, of Allianz Global Investors, described it as a “scam for money laundering around the world” and Jamie Dimon famously described it as a “fraud”.

In the meantime, the merits of Bitcoin as a means of payment and as investment continues. Yesterday, the CEO of ICE, which owns the NYSE, lamented that his organisation was “beaten to the punch” in trading Bitcoin futures by the CME and CBOE. As we noted, Jeff Sprecher told a Goldman investor conference on Tuesday that that “we may be stupid for not being first on that" adding that “I don’t have the answers, I wish I knew” how the investments will evolve, he said. “I don’t know what to make of cryptocurrencies.”

< Prev 1 2 Next >

Sign Up

Get the InvestingChannel
Free e-Letter Today

Learn More

Independent market opinion, analysis and ideas - delivered every business day

Premium market opinions, analysis, and ideas - delivered every business day

Editor's Picks