Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Market
News of the Competition (07/21/2014)
  • NEW YORK (7/21/14)-- After a sharp increase in value, the price of bitcoin plummeted last year, and a recent Bloomberg Global Poll of financial professionals found that the slide may only continue. Of the 562 investors, analysts and traders polled, 55% said Bitcoin's virtual currency trades at unsustainable and bubble-like prices ( Bloomberg.com July 17). Fourteen percent said the currency is on the verge of another bubble, while 6% said no bubble is on the horizon. The bubble talk likely stems from yet another recent surge in the ever-volatile value of bitcoin. At the start of the year, the currency traded at $13, but has since risen to $625, according to Bloomberg . Much of the gains were driven by companies who announced they will begin accepting the currency, such as Expedia Inc., Dish Network Corp. and Overstock.com Inc. of late. But finance-industry leaders continue to doubt the currency's longevity, with Jamie Dimon, CEO of JPMorgan Chase, and Warren Buffett, famed billionaire investor, both saying publicly that bitcoin won't last. . .


RSS print
News Now LiveWire
Stay tuned for coverage of @CUNA's BSA conference which starts Sunday. #CUNABSA #CUNACompliance
15 hours ago
Today's the last day to complete @CUNA's Home Depot data breach survey http://t.co/UcB8G9bVXe #StoptheDataBreaches
16 hours ago
Brenda Davis of Cross Roads Ministries will walk through 83 communities during the Ending Hunger Walking tour. (2 of 2)
17 hours ago
The Ending Hunger Walking tour, coordinated by the Maine CU League, kicked off at Old Maine CU in Augusta today. (1 of 2)
17 hours ago
Darwin Brokke of Citizens Community CU represented the #CU Association of Dakotas at a housing summit hosted by @SenatorHeitkamp
17 hours ago