Axel Weber says cryptocurrency ‘not an investment we would advise’ while South Korea bans anonymous trading
Bitcoin has fallen 12% over 24 hours while the chairman of UBS warned against investing in it and South Korea continued to crack down on cryptocurrencies by banning anonymous trading.
Talking at the Davos world economic forum, UBS Chairman Axel Weber, said that bitcoin and other cryptocurrencies were speculative, risky and “not an investment we would advise”.
An initial coin offering (ICO) is when a new cryptocurrency company offers a portion of its tokens for sale all at once to jumpstart trading, raise funds for continued development and earn a return on investment for its founders.
Delegates need to consider what is to be done to save the model from wreckage
Barclays, M&G chiefs say at Davos forum that risks may arise in unexpected corners
Big data systems tend to be large, complex and often hard to troubleshoot. In the world of databases, web and mobile stacks, application performance management services like AppDynamics and New Relic help ops teams keep tabs on their system. In the big data world, Unravel Data is one of the few APM players to focus solely on the complete big data stack from ingestion to analysis. Read More
As we inch ever closer to GDPR in May, companies doing business in Europe need to start getting a grip on the sensitive private data they have. The trouble is that as companies move their data into data lakes, massive big data stores, it becomes more difficult to find data in a particular category. Clairvoyant, an Arizona company is releasing a tool called Kogni that could help.
Chandra… Read More
My Two-for-Tuesday morning train reads: • How a Misfit Group of Computer Geeks and English Majors Transformed Wall Street. (New York) • Medical advances increase the odds you’re going to need more in your 401(k) (USA Today) but see Rattner: The Market Isn’t Bullish for Everyone. (New York Times) • You Think Your Landlord Is Bad? Try Renting From…
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Falling reserve currency has loosened global financial conditions
Remain supporter Ángel Gurría says UK needs to accept vote but keep close links with EU
Ángel Gurría, the head of one of the west’s leading thinktanks and one of the most prominent supporters of remain during the EU referendum campaign, has said it is time to move on and ensure that Brexit is a success.
“We have no choice,” the secretary general of the Organisation for Economic Cooperation and Development said in an interview with the Guardian at the World Economic Forum in Davos. “We have to take action and make it as smooth as possible.”
Openness brings more (and better) jobs than it takes away