A French startup proves that selling USB sticks is one way to make big money on bitcoin

Bitcoin is soaring, but how do you keep those digital coins safe? Reuters estimates that more than 980,000 bitcoins, worth more than $10 billion at current prices, have already been stolen from exchanges. You could stash your secret codes in a Swiss mountain vault. Or more likely—put them on a USB stick. A Paris-based startup … Read moreA French startup proves that selling USB sticks is one way to make big money on bitcoin

The logic problems that will eventually pop the Bitcoin bubble

The one fundamental truism of investing, and the one most often ignored, is this: the higher the returns, the higher the risk. The past is littered with examples of when that rule was ignored. The stocks of dot-com companies raced to stratospheric heights in the late 1990s, until they came crashing to the ground. After … Read moreThe logic problems that will eventually pop the Bitcoin bubble

The easiest way to tell that bitcoin is a huge bubble

If you want to succeed in business, there’s one thing, just one thing, you need to do. That isn’t making money — how quaint! — but rather adding the word “blockchain” to your company’s name. Don’t believe it? Just ask the biotech firm Bioptix, which saw its stock price nearly double after it announced it … Read moreThe easiest way to tell that bitcoin is a huge bubble

How bitcoin compares with previous asset bubbles

Bitcoin is drawing comparisons with past economic bubbles, owing to its meteoric rise this year. Here are some perhaps poignant history lessons: Tulip mania One of the earliest example of an asset bubble, the tulip boom occurred in the 17th century when Dutch speculators caught a dose of irrational exuberance over tulip bulbs – then … Read moreHow bitcoin compares with previous asset bubbles

The UK to tax the money that tech giants shift to tax havens

The UK is aiming a new tax at tech giants that shift profits offshore. This move to start taxing digital companies that shift earnings to tax havens will generate an average of £200 million in revenue for the government every year. The new tax, announced this week by the chancellor Phillip Hammond, targets one popular … Read moreThe UK to tax the money that tech giants shift to tax havens