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| January 21, 2019

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Belgian Prime Minister Offers Resignation After Migration Rift

December 26, 2018 |

This is Europe’s first government collapse over the U.N. global migration pact that several European governments refused to adopt last week. What’s News Europe

Former Israeli Prime Minister Calls Cryptocurrencies a ‘Ponzi Scheme’

December 4, 2018 |

Former Israeli Prime Minster Calls Cryptocurrencies a 'Ponzi Scheme'

Ehud Barak served as the prime minister of Israel from 1999 to 2001. These days he makes a lot of money as an investor and co-founder of startup companies in such fields as cyber espionage and cannabis. However, he seems to think that investing in cryptocurrency is less legitimate.

Also Read: The Daily: Asus Wants to Turn Gamers Into Miners, Wyoming Advances Crypto Bank Bill

Cannabis Is Legit, Bitcoin Is Not

Former Israeli Prime Minster Calls Cryptocurrencies a 'Ponzi Scheme'The former prime minister was the keynote speaker at a startup event in Tel Aviv on Sunday, held by the local financial newspaper Globes. He recently became the chairman of a medical marijuana company, so he was naturally asked about the subject, which is the latest hot trend among Israeli stock investors. He acknowledged that there is a lot of hype around cannabis investments but rebuffed the suggestion that the industry has the same bubble-like characteristics of the 2017 bitcoin market.

“Blockchain is a technological-mathematical concept, an interesting and important method, and one that will have many uses. The coins — Bitcoin and others — is a Ponzi scheme. I do not believe that it will be possible to make a coin like this in the current generation and I will not invest in anything related to cryptocurrencies,” Barak stated. “Anyone who has patience and understands the depth of blockchain will find many uses, from holding sensitive medical information to contracts.”

Using Crypto as a Punching Bag

Former Israeli Prime Minster Calls Cryptocurrencies a 'Ponzi Scheme'Members of the Israeli technology scene were understandably disappointed to hear such crypto-phobic statements at a startup event.

“The crypto market as a whole has become a punching bag. Such opinions, including the views of many companies in Israel, have become especially popular against the backdrop of the sharp fluctuations and devaluations in the currencies recently,” commented Ophir Gertner, founder of blockchain advisory company Smartologic. “We see that regulation is now required, as the absence of financial supervision has given cryptocurrencies a negative reputation and tarnished blockchain’s image internationally.”

Barak was also asked at the startup event about his business relationship with the Saudi royal family. Israeli media recently claimed that he was allegedly approached a few years ago by representatives of the Saudi crown prince, Mohammed bin Salman, to help secure sensitive technologies. This is a hot topic right now, as Israeli cyber companies are accused of providing the spyware used by the Saudi government to monitor the communications of murdered Saudi journalist Jamal Khashoggi. The former prime minster responded by claiming that “there is no chance that the cyber company I founded will sell technologies to dark regimes.”

Is cryptocurrency less legitimate as an investment than cannabis? Share your thoughts in the comments section below.

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The post Former Israeli Prime Minister Calls Cryptocurrencies a ‘Ponzi Scheme’ appeared first on Bitcoin News.

Bitcoin News

Pamela Anderson No Fan of Prime Minister’s ‘Lewd’ Remark

November 19, 2018 |

Pamela Anderson is criticizing Australia’s prime minister for making “smutty, unnecessary comments about a woman voicing her political opinion.” Appearing on Australia’s 60 Minutes this month, the Baywatch star urged Prime Minister Scott Morrison to bring WikiLeaks founder Julian Assange back to his to native Australia; Morrison turned down the…

Prime Beverly Hills development site is sold to owners of next-door Beverly Hilton

November 16, 2018 |

A former department store site in Beverly Hills that has been slated for a $ 1.2-billion hotel and condominium complex is being sold to its next-door neighbors and rivals — the owners of the Beverly Hilton and Waldorf Astoria hotels.

The sale by Dalian Wanda Group, one of China’s largest private…

L.A. Times – Business


Brexit negotiations ‘in the endgame,’ says UK Prime Minister

November 13, 2018 |

UK Prime Minister Theresa May declared Brexit negotiations were “in the endgame” Monday night, but warned that clinching a deal was “immensely difficult.” – RSS Channel – World


Brexit has ‘undermined’ Good Friday Agreement, Irish Prime Minister says

November 3, 2018 |

Negotiations between the United Kingdom and the European Union on Brexit have “undermined” the Good Friday peace agreement, Irish premier Leo Varadkar said Saturday. – RSS Channel – World

Swedish Parliament Votes to Oust Prime Minister

September 28, 2018 |

Sweden’s parliament voted to oust Prime Minister Stefan Löfven in a vote of confidence, deepening uncertainty after an inconclusive election. What’s News Europe

Scott Morrison to Be Australia’s Next Prime Minister

August 24, 2018 |

Scott Morrison, formerly Australia’s treasurer, will become the nation’s next prime minister after a leadership challenge put out Malcolm Turnbull. What’s News Asia


New prime minister announced in Haiti weeks after deadly protests

August 6, 2018 |

Haitian President Jovenel Moise announced on Sunday that Jean-Henry Céant will be the nation’s new prime minister. – RSS Channel – Regions – Americas