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Banking behemoth JP Morgan Chase & Co. has taken another shot at Bitcoin, claiming the cryptocurrency‘s latest rally has pushed its price beyond its “intrinsic value.” “Over the past few days, the actual price has moved sharply over marginal cost,” JPMorgan analysts wrote in a note obtained by Bloomberg. “This divergence between actual and intrinsic values carries some echoes of the spike higher in late 2017, and at the time this divergence was resolved mostly by a reduction in actual prices.” To come to this conclusion, the JP Morgan team treated Bitcoin as a commodity, calculating its “cost of production”…
This story continues at The Next Web
Or just read more coverage about: Bitcoin

Banking behemoth JP Morgan Chase & Co. has taken another shot at Bitcoin, claiming the cryptocurrency‘s latest rally has pushed its price beyond its “intrinsic value.” “Over the past few days, the actual price has moved sharply over marginal cost,” JPMorgan analysts wrote in a note obtained by Bloomberg. “This divergence between actual and intrinsic values carries some echoes of the spike higher in late 2017, and at the time this divergence was resolved mostly by a reduction in actual prices.” To come to this conclusion, the JP Morgan team treated Bitcoin as a commodity, calculating its “cost of production”…
This story continues at The Next Web
Or just read more coverage about: Bitcoin

In just 24 hours, Huawei smartphones have gone from thriving to endangered. Last night, Google announced that it’s ceasing business with the company. This means it won’t be allowed to use Google Play services, or proprietary apps like Gmail and Google maps for its upcoming phones. And it’s getting worse for the Chinese tech company. Only this morning, chip companies like Qualcomm and Intel also reportedly stopped trading with the Chinese tech company. What does it mean for the user? If you own a Huawei or an Honor phone, you’ll get security updates from the company, and still keep on using the Play…
This story continues at The Next Web
Or just read more coverage about: Huawei

In just 24 hours, Huawei smartphones have gone from thriving to endangered. Last night, Google announced that it’s ceasing business with the company. This means it won’t be allowed to use Google Play services, or proprietary apps like Gmail and Google maps for its upcoming phones. And it’s getting worse for the Chinese tech company. Only this morning, chip companies like Qualcomm and Intel also reportedly stopped trading with the Chinese tech company. What does it mean for the user? If you own a Huawei or an Honor phone, you’ll get security updates from the company, and still keep on using the Play…
This story continues at The Next Web
Or just read more coverage about: Huawei




