The CNBC Global CFO Council recently was asked for its view on bitcoin — U.S.-based members were the most skeptical. Nearly a third of CFOs surveyed say they do not know enough about the cryptocurrency to have an opinion. Nearly 30 percent of global … Read Full Story The post US finance leaders are least […]
Welcome to Finance Insider, Business Insider’s summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox. The GOP tax bill is nearing the finish line in the Senate — thanks in part to Sen. John McCain, who gave the legislation […]
Goldman Sachs CEO Lloyd Blankfein told Bloomberg Television it is too early for the firm to have a strategy for bitcoin. It has been reported that the firm was exploring a possible bitcoin trading operation. Goldman Sachs CEO Lloyd Blankfein thinks its too early for the bank to need a strategy on bitcoin. The […]
In the middle of November, a critical event in the history of Bitcoin was supposed to happen as a number of large Bitcoin companies and miners were going to attempt to get everyone to move over to a new cryptocurrency network with different rules and call … Read Full Story The post 2017 Was The […]
Commercial banks need to develop faster payment systems to counter the rise of cryptocurrencies, according to one European Central Bank executive. Yves Mersch, who sits on the ECB’s executive board, made the argument even while dismissing the impact of … Read Full Story The post ECB’s Yves Mersch: Banks Need Faster Payments to Counter Bitcoin […]
PwC, the accounting firm and consultancy, announced Thursday it is accepting bitcoin payments from its clients. Accounting firms have shown more interest in digital coins than Wall Street banks. PwC, the consultancy and “Big Four” accounting firm, announced Thursday that it accepted its first payment in bitcoin. The announcement, which was reported first by The […]
Bitcoin and its brethren are viewed as property, not currency, by the IRS. A U.S. court has ordered Coinbase to turn over identifying information on 14,000 accounts. The onus is on investors to report gains to the IRS. If you’re a bitcoin investor and have … Read Full Story The post Bitcoin investors beware: The […]
The Department of Justice trustee assigned to Toys R Us’ bankruptcy case has written a fiercely worded letter criticizing the retailer’s plan to pay executives multimillion-dollar sums. In a statement, Toys R Us defended the motion as “standard practice.” A final decision will be made in court in December. Toys R Us’ bankruptcy proceedings […]
Friedman said ETF's and futures are the best way to regulate bitcoin into markets. from Investing http://ift.tt/2zCWJxg
A report found that fine-dining chains are harboring 100 times more bacteria than fast-food chains. While fast food has a bad reputation, there are reasons to believe it’s safer to eat than the food at many fancy restaurants. Workers have less opportunities to spread bacteria, and corporate oversight cuts down on risks. President Donald […]