Facebook’s ‘Metaverse’ Plans Meet Optimism and Scorn from Crypto Fans

Mark Zuckerberg. Source: a video screenshot, Youtube, CNBC Television The Facebook founder Mark Zuckerberg has gone public with his ambitions to transform his social media giant into a “metaverse company,” a move that could potentially have an impact on the firm’s Diem stablecoin plans. In an interview with The Verge, Zuckerberg claimed that “a good vision for the metaverse is not one

US Bitcoin mining giant Core Scientific set for Nasdaq listing via $4.3B SPAC deal

The Bitcoin miner will merge with Power & Digital Infrastructure Acquisition Corp in the latest crypto SPAC deal. Core Scientific, one of the largest Bitcoin (BTC) mining operations in North America is set for a public listing on Nasdaq.According to CNBC on Wednesday, Core has inked a $4.3 billion merger with Power & Digital Infrastructure Acquisition Corp — a special purpose acquisition company (SPAC). Apart f

Grayscale ‘100% committed’ to turning GBTC into Bitcoin ETF — CEO

Bitcoin is just a “couple of points of maturation” away from getting an approved ETF in the US, says Grayscale CEO. The head of crypto investment giant Grayscale believes that only a “couple of maturation points” separate the United States from its first Bitcoin (BTC) exchange-traded fund (ETF).Speaking to CNBC on July 19, Michael Sonnenshein reiterated that a US ETF is a matter of “not ‘if,’ but ‘when.’”Sonnenshein: “If, not when” for US Bitcoin ETF Regulators currently have 13 ETF applications under consideration, and the US lags behind neighboring Canada when it comes to giving them the green light.Years of applications and rejections have gone by, and some believe that an ETF would ultimately create bearish price pressure for Bitcoin in the long term.Nonetheless, Grayscale CEO Sonnenshein says the firm is “100% committed” to transforming its Bitcoin product, the Grayscale Bitcoin Trust ($GBTC), to ETFs once conditions are right.“I think in our seat, from our view of the world, we’re really looking for a couple of different points of maturation in the underlying market, and that’s really the final stages of what we think regulators need to approve those types of products and give investors the protections that they’re looking for,” he told the network.Last week, Grayscale announced a partnership with US banking giant BNY Mellon, which will now provide services for GBTC when it undergoes its metamorphosis.GBTC is already in the headlines in crypto circles over its unlocking events, the largest of which occurred Sunday, with opinions mixed over their potential price impact.Not all quiet on the western frontInstitutional advances continue to surface this month despite low volumes and overall lack of direction on the market.Related: Historically low spot volumes and investor indecision weigh on Bitcoin priceAs Cointelegraph reported, Bank of America reportedly gave the green light for Bitcoin futures trading

‘It’s fine’ to buy Bitcoin as gold substitute, says Trump ex-Treasury Secretary Mnuchin

What seems to be a full reversal on a previously hostile Bitcoin stance is tempered by Mnuchin, who added that he still wouldn’t buy BTC himself. Bitcoin (BTC) may be a “scam” for former United States President Donald Trump, but the former Treasury Secretary appears to have made a U-turn on the world’s first and best-known cryptocurrency.Speaking to CNBC on Wednesday, Steven Mnuchin confirmed that his perspective on Bitcoin had “evolved.”Mnuchin: Bitcoin stance has “evolved a little”The Trump administration was known for its dismissive tone on Bitcoin in public, and those hoping for endorsement from Trump were ultimately left disappointed.Mnuchin himself was less than inclined to offer support during his Treasury tenure, but his most recent comments reveal a clear softening of his stance.“I think my view has evolved a little bit, but it is pretty consistent,” he told the network.“The first part of it is I think the underlying technology of blockchain is really incredible and has lots of different things, particularly in fintech and finance.

Former Bitmain CEO Jihan Wu: Regulatory crackdown may be good for crypto

Wu also pitched Singapore, where his current company Matrixport is based, as a strong contender to serve as "a hub for crypto innovations." Jihan Wu, crypto billionaire and the co-founder and ex-CEO of Bitcoin (BTC) mining giant Bitmain, believes that the current wave of regulatory interventions in the crypto industry may be “a good thing in the long term.”Speaking to CNBC during the Asia Tech x Singapore conference this week, Wu noted that the sector had already grown almost to “a trillion dollar market cap industry,” with over 10% of United States citizens having some involvement with the new asset class.

Former pro sailer brokers tax-haven passports for wealthy crypto clients

Rich crypto investors are purchasing passports in tax havens for less than $200,000. A Russian expatriate and former professional sailboat racer, Katie Ananina, Plan B Passport — a firm that brokers citizenship through investment schemes for tax-haven nations that don’t impose capital gains on crypto holdings to wealthy investors.According to a July 11 report from CNBC, Plan B brokers hundreds of passports for predominantly western clients each year.

Visa Crypto Card Users Spent Over USD 1B Globally This Year

Payments giant Visa announced that crypto-linked card usage surpassed USD 1bn in the first half of 2021. Their consumers globally spent more than USD 1bn worth of cryptocurrency on goods and services through Visa's crypto-linked cards in the first six months of the year, CNBC reported, citing the company.

UFC inks $175-million sponsorship deal with Crypto.com

The deal terms were not publicly disclosed, but according to sources, it’s worth $175 million over 10 years. Ultimate Fighting Championship, a major global mixed martial arts organization, continues its deep dive into the cryptocurrency industry by announcing a sponsorship deal with a cryptocurrency exchange.UFC announced Wednesday that it agreed to a fight-kit partnership with Crypto.com, one of the world’s largest crypto trading platforms by trading volumes, CNBC reported.According to CNBC, the sponsorship is worth $175 million and will last over 10 years.As part of the agreement, Crypto.com’s brand will appear on fight kit items worn by athletes during competition as well as clothing worn by the training staff.

Tesla Facing Up to $100,000,000 Bitcoin Impairment Loss in Q2 Amidst Crypto Price Slump: Report

Bitcoin’s recent dramatic sell-off could trigger a $100,000,000 impairment loss on Tesla’s Q2 financial records.  After BTC’s drop from an all-time high of $64,800 to as low as $29,100, CNBC technology reporter Kate Rooney explains the electric auto giant will need to disclose this impairment loss in Q2.  “Tesla will face what’s known as an […] The post Tesla Facing Up to $100,000,000 Bitcoin Impairment Loss in Q2 Amidst Crypto Price Slump: Report appeared first on The Daily Hodl.

Top 5 cryptocurrencies to watch this week: BTC, ETH, UNI, ICP, AAVE

Bitcoin may pick up momentum in the next few days and select altcoins ETH, UNI, ICP, and AAVE could also rally along. In a recent CNBC survey of a group of portfolio managers and equity strategists, only 6% of respondents expect Bitcoin (BTC) to reach $60,000 in 2021.

44% of investors expect Bitcoin to drop below $30K in 2021: CNBC survey

CNBC surveyed a set of equity strategists and portfolio managers to understand investor sentiment on Bitcoin price. Throughout Bitcoin's historic price surges and falls, investors have tried and failed to employ traditional markers to make sense out of the volatile trends. CNBC recently conducted a survey on a group of portfolio managers and equity strategists to understand the inner sentiment of the fintech community toward Bitcoin.

Mad Money’s Jim Cramer Moves From Bitcoin to Ethereum — Says ‘It’s More of a Currency’

The host of the “Mad Money” show, Jim Cramer, has bought ether after dumping almost all of his bitcoin.

Bitcoin Could Fall To $10K, Louis Navellier

Louis Navellier was on CNBC to talk about the current chart movements in Bitcoin.

Former NYSE President Says for Bitcoin to Exceed Gold It Needs to Be Accepted More as Currency

On June 24, the CEO of Far Peak Acquisition Corp.

Jim Cramer Sold Most of His Bitcoin Holdings but Willing to Buy Again If Prices Fall to Near $10,000

CNBC host Jim Cramer said he is willing to purchase buy Bitcoin again if its price fall to near $100,000, he has revealed has sold nearly all of his Bitcoin holdings due to recent cyberattacks and China’s crackow on crypto.

CNBC host boldly reveals he sold his BTC amid depths of bear market

CNBC’s Jim Cramer has sold off almost all of his BTC holdings, predicting bearish fundamentals will suppress Bitcoin’s price for the foreseeable future. Jim Cramer, the host of CNBC’s Mad Money, announced he has liquidated nearly all of his Bitcoin (BTC) holdings.

Goldman Sachs to offer Bitcoin futures trading in partnership with Galaxy Digital

Mike Novogratz’s Galaxy Digital will serve as the counterparty entity for Goldman Sachs’s Bitcoin futures trading product. Goldman Sachs has debuted a Bitcoin (BTC) futures trading product for its client in collaboration with crypto investment giant Galaxy Digital.According to CNBC, the move marks the first time the Wall Street bank has partnered with a digital asset-based liquidity provider.

Miami mayor offers city's clean nuclear power to Chinese Bitcoin miners

Mayor Francis Suarez wants to make Miami a Bitcoin mining hub by offering the city’s cheap, clean nuclear energy supply. With Bitcoin (BTC) mining concentration expanding in North America, Miami mayor Francis Suarez is looking to position his city as a hub for crypto mining activity.Speaking to CNBC on Thursday, Mayor Suarez said he is inviting foreign mining companies to consider establishing data centers in the city.According to Suarez, Miami’s ample nuclear electricity supply should attract Bitcoin miners looking to adopt clean energy sources for their operations, especially amid the current spotlight on the supposed carbon footprint of crypto mining.Mayor Suarez has previously weighed in on the issue claiming back in March that 90% of Bitcoin mining was from “dirty energy.”At the time, the Miami mayor argued that a shift in mining concentration to the United States may help to ease environmental concerns.As part of efforts to attract overseas Bitcoin miners, Mayor Suarez stated that city officials were looking to reduce the cost of energy in conjunction with the power companies.

Bitwise secures $70M in Series B funding from major Wall Street investors

Bitwise has attracted significant investment from major American institutional investors to the tune of $70 million. Bitwise, a four-year-old crypto asset management firm has closed a Series B funding round, raising $70 million in fresh capital from investors.According to a report by CNBC on Tuesday major Wall Street figures like billionaire investor and Bitcoin (BTC) proponent Stanley Druckenmiller and David McCormick, CEO of asset management giant Bridgewater participated in the funding.Commenting on the stellar cast of investors, CNBC quoted Bitwise CEO Hunter Horsley stating that the company was keen to attract major Wall Street and crypto backers.Bitwise will reportedly utilize the newly raised funds to beef up its balance sheet as well double the size of its team.

Bitcoin Mega Bull MicroStrategy CEO Gives Hope To Ethereum, Altcoins

Source: A video screenshot, Youtube/ CNBC Television Different cryptoassets serve different purposes, and bitcoin (BTC) is not the only cryptoasset that could have a bright future ahead, but it could take time for market newcomers to grasp those distinctions, according to one of the biggest BTC bulls, Michael Saylor, CEO of software developer MicroStrategy. “There’s a place for all of these

Crypto miners eye cheap power in Texas, but fears aired over impact on the grid

Miners dislocated by China’s crackdown are looking to Texas for cheap electricity, but the state’s grid is already on the brink of disaster amid a sweltering summer. The recent crackdown on crypto mining in China has seen concerns expressed over the potential impact a hashrate migration could have on Texas’ unreliable electricity market, as an increasing number of dislocated miners eye the Lone Star State.Texas’ abundant sources of renewable energy and highly deregulated power grid make the state an obvious choice for migrating miners from China and elsewhere, with 20% of Texan electricity being generated by wind as of 2019.Speaking to CNBC, Brandon Arvanaghi, a former security engineer at crypto exchange Gemini, predicted Texas will see “a dramatic shift over the next few months” as miners look to set up shop.“We have governors like Greg Abbott in Texas who are promoting mining.

Michael Saylor Clarifies His Company’s Bitcoin Strategy On US’s National TV

The dedication MicroStrategy’s CEO puts into Bitcoin raises questions even in the crypto sphere.

Huge Portion of Millionaire Millenials Now Heavily Exposed to Crypto Markets

Results of the CNBC Millionaire Survey reveal that millennials are heavily investing in the crypto markets.

Rich Millennials Have a Large Chunk of Their Wealth in Crypto: CNBC Survey

47% of millennial millionaires have invested at least 25% of their wealth in the cryptocurrency market.

A man and his S.C.A.M.: Solo dev ‘Dreesus’ on making a memecoin legit

After minting a memecoin, a solo developer now has to grow his Frankenstein creation into a success. You might not know Dreesus, but if you’ve been following crypto the last few months you’re likely familiar with his work.Following the launch of his Simple Cool Automatic Money ($SCAM) token, the pseudonymous developer garnered coverage from a seemingly endless list of mainstream and cryptomedia publications, including Vice, The Wall Street Journal, Benzinga, Mic, The Verge, The Week, and CNBC, among others.

Major US trading platform Interactive Brokers to offer cryptocurrency trading

Interactive Brokers wants to offer as yet unnamed cryptocurrencies to its traders. United States foreign exchange company Interactive Brokers will offer direct cryptocurrency trading to clients within months, a report says.Speaking at the Piper Sandler Global Exchange & FinTech Conference on June 9, founder Thomas Peterffy revealed that the firm had opted to enter the crypto market.Demand fuels latest crypto uptakeQuoted by CNBC, Peterffy hinted that client demand had been a major driver of the decision.“Customers certainly are asking for [crypto trading] and we expect to be ready to offer it to them by the end of the summer,” he said. Interactive Brokers offers traders a wide variety of assets in addition to currencies, these including stocks, options, futures, bonds and funds, according to its website. As

Miami mayor bought Bitcoin after Congress passed $1.9T stimulus bill

Miami Mayor Francis Suarez says he owns both Bitcoin and Ether but has been too busy to buy the recent dip. Francis Suarez, the crypto-friendly mayor of the city of Miami, may have further cemented his status as a cryptocurrency proponent.Appearing on the CNBC Squawk Box program, Suarez revealed that he owns both Bitcoin (BTC) and Ether (ETH)."I own #bitcoin and I own #ethereum," says @FrancisSuarez.

CNBC Includes Ripple In Its 50 Disruptor Companies List

Ripple has been listed on CNBC's Disruptor 50, which highlights private companies leading fast-paced financial and technological change despite the pandemic.

What’s Next for Bitcoin? CNBC’s Brian Kelly Analyzes Investment Thesis After Crypto Crash

CNBC contributor Brian Kelly is assessing Bitcoin’s value after its recent drastic sell-off.

‘Chartmaster’ Expects BTC Price to Tap $29K, Delta Exchange CEO Says ‘Bitcoin Hasn’t Found a Floor Yet’

The price of bitcoin has dropped to a new low for the month of May, sliding to $42,100 per unit during Monday evening’s trading sessions.

Buy Signal? “Chart Master” Calls For $29K Bitcoin on CNBC

Still in the red, Bitcoin and the crypto market have held the line in the past day.

Bitcoin price could hit $29K next, warns CNBC 'Chartmaster'

A simple look back at past BTC price dips means that a 55% correction from all-time highs is on the table, says Carter Worth. Bitcoin (BTC) could drop to $29,000 and still be testing current support in line with past dips, claims CNBC's "Chartmaster."In an appearance on the network's "Fast Money" segment on May 17, Carter Worth, Chief Market Technician at Cornerstone Macro, warned that the BTC bottom may be far from in.Pick your average for a Bitcoin price floorAnalyzing recent price activity and comparing it to Bitcoin bottoms past, Worth said that current levels at around $45,000 represent the top of a support zone."Were we to go down 55%, we'd be in the lower end of support," he summarized."I think we're in support — it's fighting, but my hunch is it goes lower."A 55% drop from current all-time highs would mean BTC/USD bottoms out at just above $29,000.

Data analytics giant Palantir now accepts Bitcoin payments

The firm added Bitcoin was "definitely on the table" as consideration for a treasury reserve asset. The $30 billion Colorado-based data analytics company founded by billionaire Peter Thiel now accepts Bitcoin from clients as a form of payment. According to a CNBC report today, Palantir said during its earnings call for the first quarter of 2021 that it had begun accepting Bitcoin (BTC) payments.

Goldman Sachs launches limited BTC derivatives trading desk

After years of anticipation, Goldman is finally offering institutional partners trading services. One of the largest investment banks in the world just launched a cryptocurrency trading desk — though executives made sure to specify they would only be trading derivatives, and will not have actual digital assets on the books.  A CNBC report this morning revealed a internal Goldman Sachs memo announcing the launch of a cryptocurrency trading desk.

BTC Is 'Speculative' Store of Value, 'A Lot' of Alts - Securities, Says SEC Chair + More News

Gary Gensler. Source: a video screenshot, Youtube/Bloomberg Markets and Finance Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. _____ Regulation news Bitcoin is a speculative and volatile store of value, Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), told CNBC,

'Dogecoin is a little bit of a middle finger to the system'

“I wish I was long [on DOGE] two weeks ago.” This was the opening remark of Mike Novogratz, CEO of Galaxy Investment Partners, in a recent CNBC interview.

Bitcoin Coming to US Banks, Grayscale Giants, Blockchain.com Gets AI + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. _____ Adoption news Crypto custody firm NYDIG has partnered with fintech giant Fidelity National Information Services to enable US banks to offer bitcoin (BTC) to their customer in coming months, CNBC reported, citing the

US banks to allow Bitcoin trading in 2021, says NYDIG execs

US lenders are keen to get in on the crypto trading action and could soon allow customers to buy Bitcoin right from their accounts. The era of American banks regarding cryptocurrencies as evil might be coming to an end. According to a report by CNBC on Wednesday, New Digital Investment Group has inked a partnership with fintech staple Fidelity National Information Services, better known as FIS, to provide a framework for United States banks to offer crypto trading services to their customers. Patrick Sells, bank solutions chief at NYDIG, told CNBC that several banks have already signed up for the program, with the majority being smaller financial institutions.

Jim Cramer still owns ‘a lot’ of Ether he first bought for an NFT auction

The CNBC host may have gotten a better deal by eventually holding on to the Ether rather than trading it in for a TIME magazine NFT auction earlier this year. In the latest sign that crypto continues to filter through into the mainstream, CNBC host Jim Cramer has spent the week discussing the large quantity of Ether (ETH) he holds. On CNBC's Squawk Box on May 4, Cramer said he owns “a lot of Ether,” explaining that he first bought it when he was trying to “buy some nonfungible token on TIME magazine.

Auction giant Sotheby’s to accept BTC and ETH as payment via Coinbase

Bitcoin and Ether will bring the next step of Sotheby’s crypto adoption after the firm debuted NFTs earlier this year, its CEO said. Sotheby’s, one of the world’s oldest and biggest auction houses, has announced that it will be accepting major cryptocurrencies as a new payment method at an upcoming auction. Sotheby’s CEO Charles Stewart said that the company will debut Bitcoin (BTC) and Ether (ETH) payments as part of its upcoming auction of Banksy’s "Love is in the Air." The new payment method will be facilitated in partnership with United States’ largest cryptocurrency exchange, Coinbase, noted Stewart in a Tuesday interview with CNBC's Squawk Box. “It’s something we have been thinking about for quite some time,” the CEO said, elaborating that Sotheby’s latest move brings the next step to exploring crypto payments for physical art after the firm debuted nonfungible tokens, or NFTs, earlier this year. "Love is in the Air" is an iconic protest-themed artwork by pseudonymous England-based street artist Banksy.

Ebay exploring crypto payment options and NFT auctions

According to CEO Jamie Iannone, eBay will be "exploring opportunities" to enable nonfungible tokens. Major online marketplace eBay will be pursuing crypto payment options for its customers along with exploring ways to introduce nonfungible tokens on the platform. In an interview with CNBC today, eBay CEO Jamie Iannone said the company will "continue to look" at payment options like crypto.

eBay Still Looking at Crypto Payments, Mulls NFTs

E-commerce giant eBay is still considering crypto payments and is exploring ways to get into the business of non-fungible tokens (NFTs). Chief Executive Officer Jamie Lannone said this in a CNBC interview on Monday. However, eBay was exploring "the opportunities of blockchain and cryptocurrency" since 2019 at least, when they joined Facebook's Libra (now - Diem)

Ether will always come second to Bitcoin, says Shark Tank's Kevin O'Leary

“Bitcoin will always be the gold, Ethereum will always be the silver,” said the Shark Tank star. Amid the price of Ether reaching an all-time high this week, businessman Kevin O'Leary still believes Bitcoin will stay on top of the token. Speaking to CNBC yesterday, the Shark Tank star said Ether (ETH) was "always going to be number two" to Bitcoin (BTC) despite the token reaching an all-time high price of more than $2,600 at the time of the interview, and more than $2,700 at the time of publication.

CNBC Gives Charlie Lee The Platform On The Benefits Of Litecoin Over Bitcoin

Litecoin founder Charlie Lee spoke on CNBC, explaining the differences between Litecoin and Bitcoin.

Price analysis 4/21: BTC, ETH, BNB, XRP, DOGE, ADA, DOT, UNI, LTC, BCH

Although Bitcoin is struggling to recover from its recent crash, Ethereum is pushing toward a new high and prompting several altcoins to rally. JPMorgan strategist Nikolaos Panigirtzoglou believes that if Bitcoin (BTC) does not break above $60,000 within the next few days, the momentum signals could weaken “for several months, given their still-elevated level.”  Another bearish voice was that of Guggenheim chief investment officer Scott Minerd who said in an interview with CNBC on April 20 that Bitcoin looked frothy and was at risk of a correction to $20,000 to $30,000.

Guggenheim CIO repeats $20K Bitcoin price forecast as BTC doubles since last warning

Scott Minerd seems convinced that a huge price correction is imminent, as industry names line up to disprove him. The chief investment officer of investment giant Guggenheim has repeated warnings that Bitcoin (BTC) will crash to $20,000. In an interview with CNBC on April 20, Scott Minerd warned again that Bitcoin could lose half of its value in a pullback. Familiar Bitcoin bear target resurfaces “Given the massive move we’ve had in bitcoin over the short run, things are very frothy, and I think we’re going to have to have a major correction in bitcoin,” Minerd told the network.

Diem Launch, Deutsche CELO, Binance.US CEO, BlockFi's Crypto Dad + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Stablecoin news The Facebook-backed Diem Association (formerly Libra) is aiming to launch a pilot with a single stablecoin pegged to the USD in 2021, CNBC reported, citing an undisclosed person familiar with the matter.

Facebook-backed Diem Association reportedly to launch stablecoin pilot in 2021

An anonymous source has told reporters that the first Diem pilot will focus on transactions between individual consumers. Facebook-backed digital currency project Diem could yet launch its first stablecoin in 2021 as a small-scale pilot, according to an anonymous source.  Cited in a CNBC report published on April 20, the source claimed that the Switzerland-based nonprofit The Diem Association is still intending to launch its pilot for a United States dollar-backed stablecoin later this year.  Back in Nov.

Blockchain Association executive debunks rumored crypto crackdown by Treasury

A United States blockchain lobbying group executive says there is no danger of a crypto crackdown in the country. Kristin Smith, executive director of the Blockchain Association has dismissed fears that the United States Department of the Treasury was close to cracking down on Bitcoin (BTC) and cryptocurrencies. Indeed, rumors of the Treasury bringing money laundering charges against some financial institutions using cryptocurrencies began circulating on social media over the weekend. The report emerged during a period of massive selloffs in the crypto space, with the market capitalization dropping over $240 million as Bitcoin slid to $52,000. In an interview with CNBC, Smith debunked the reports, stating that it was the Department of Justice’s remit to charge companies with money laundering. Janet Yellen, the secretary of the US Treasury, is a noted crypto critic, who in February characterized the apparent misuse of cryptocurrencies for illegal activities as a growing concern. Meanwhile, several studies show the criminal usage of cryptocurrencies accounts for a minute proportion of global crypto commerce.

Chinese Central Bank Calls Bitcoin an ‘Investment Alternative’

China may be softening its tone on cryptoassets, almost four years after it exacted a crackdown on bitcoin (BTC), altcoins and crypto exchanges, with encouraging remarks from Li Bo, the new deputy governor of the central People’s Bank of China (PBoC). Li Bo was quoted by multiple media outlets, including CNBC and the South China Morning Post as making remarks about BTC,

CNBC’s Jim Cramer Used Bitcoin Profits to Pay Off a Mortgage

A few days after showing interest to receive his salary in bitcoin, CNBC's Jim Cramer has sold half of his BTC position to pay off a mortgage.

CNBC's Jim Cramer Sold Some of His Bitcoin to Pay Off A Home Mortgage

CNBC’s Jim Cramer has disclosed that he has sold some of his Bitcoins to pay for a house.

Jim Cramer cashes out half his 'phoney money' Bitcoin to pay off mortgage

CNBC host Jim Cramer says he’s “won,” cashing out half of his Bitcoin portfolio to pay off his mortgage, stating that it’s “phoney money paying for real money.” Business TV personality and converted Bitcoin proponent Jim Cramer has sold half of what he calls his “phoney money” Bitcoin portfolio to pay off his mortgage. [email protected] discloses that he bought a lot of bitcoin when it was around $12K.

Coinbase could see fee compression in long term, CEO expects

Brian Armstrong expects other revenue streams to take the lead in five or 10 years. Coinbase CEO Brian Armstrong has addressed the platform’s transaction fees as the company's shares list on Nasdaq today. In a CNBC Squawk Box interview on Wednesday, Armstrong discussed public concerns associated with Coinbase’s massive returns coming from transaction fees.

'Pay me in Bitcoin,' says this TV personality! Will others follow this trend?

Jim Cramer, popular television personality and host of Mad Money on CNBC, a few weeks ago, proposed a thesis that predicted a new kind of economic "boom" in the second half of this year. The author The post 'Pay me in Bitcoin,' says this TV personality! Will others follow this trend? appeared first on AMBCrypto.

CNBC’s Jim Cramer Would Want to be Paid in Bitcoin

The host of CNBC's Mad Money, Jim Cramer, wants to be paid in bitcoin.

US must embrace Bitcoin to counter Chinese 'financial attack' — Pomp

Bitcoin, like the internet, can be used in ways which could compromise US prowess without suitable allowances from lawmakers. Bitcoin (BTC) can undermine the US dollar if the United States does not take a lead role in accepting it, argues Anthony Pompliano. Speaking to CNBC on April 8, the Morgan Creek Digital co-founder followed up on a warning from investor Peter Thiel that China could use Bitcoin to destabilize USD hegemony. Thiel cautions over Bitcoin threat "I do wonder at this point whether Bitcoin is to be thought of in part as a Chinese financial weapon against the US; it threatens fiat money but it especially threatens the US dollar," Thiel had said in an appearance at the Nixon Seminar. Asked whether this was a potential problem, Pompliano was quick to point out that Thiel was not an opponent of Bitcoin, but rather that it, like the internet, could have both positive and negative consequences for Washington should policymakers make ill-thought-out decisions. "I think what we've got to understand is that Bitcoin is an open, decentralized protocol," he explained to CNBC's "Squawk Box" segment. "Everyone in the world has an opportunity to use this, just like the internet...

Shark Tank Veteran Kevin O’Leary Says He’s Only Buying Bitcoin Under These Conditions

Famed investor and business tycoon Kevin O’Leary says he’s buying Bitcoin, but only under some strict conditions.  In an interview with CNBC, the Shark Tank star says as the crypto space grows, institutional investors will opt for coins that are mined within a certain set of ethical standards, the same way they look at other […] The post Shark Tank Veteran Kevin O’Leary Says He’s Only Buying Bitcoin Under These Conditions appeared first on The Daily Hodl.

Ex-SEC Chair On Bitcoin Regulation, New BTC ETF, N Korean Crypto Hackers + More News

Source: iStock/pichet_w Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Regulation news Former US Securities and Exchange Commission (SEC) chairman Jay Clayton, who now advises One River Asset Management on cryptocurrency, told CNBC that bitcoin (BTC) was not a security before he joined the

Bitcoin on ‘inevitable path’ to reach gold’s market cap – Mike Novogratz

Galaxy Digital’s billionaire CEO told CNBC he’s shocked at the speed of cryptocurrency adoption.

Goldman Sachs readying Bitcoin product for clients — BTC bounces above $58K

Cryptoassets will be available to Goldman investors at some point in Q2, comments from an incoming senior executive quoted by CNBC suggest. Bitcoin (BTC) and some altcoins will soon be available to Goldman Sachs clients, according to a new  mainstream media report. Released by CNBC on March 31, comments from an interview with Mary Rich, global head of digital assets for the bank's private wealth management division, confirm plans to offer cryptoassets to investors. Goldman exec: Crypto access coming in "near term" The move will make Goldman the second major lender to open up the world of cryptocurrency to its clients, and comes weeks after a pioneering move by Morgan Stanley. ″We are working closely with teams across the firm to explore ways to offer thoughtful and appropriate access to the ecosystem for private wealth clients, and that is something we expect to offer in the near-term,” CNBC quoted Rich as saying. Morgan Stanley's rollout is due to launch in April, with Goldman later in Q2.

Oops! A 100% Bitcoin hodl outperformed CNBC's 2017 altcoin basket by 170%

New numbers conclude that the best returns come from cutting through the noise and simply buying Bitcoin. Bitcoin (BTC) has produced phenomenal returns most years, but when it comes to maximizing them, it's best just to buy and hodl. That was the conclusion from new data circulating on social media this week, which casts serious doubt on the merits of following investment advice from mainstream media. Don't believe the hype? Under the microscope was CNBC, which in 2017 offered viewers an investment portfolio made up of 30% Bitcoin and 70% altcoins. Four years later, those who invested $10,000 at the time now have around $52,300.

Former OCC official says crypto has backing but dollar ‘may not’

Former OCC acting comptroller Brian Brooks claimed that cryptocurrencies like Bitcoin “actually are backed by something.” Brian Brooks, former acting comptroller of the currency of the United States Office of the Comptroller of the Currency, has claimed that cryptocurrencies like Bitcoin (BTC) have some backing, while the US dollar may not have any. Brooks gave his remarks in a CNBC Squawk Box interview with Joseph Kernen to unpack recent Bitcoin-related remarks by the US Federal Reserve chair Jerome Powell.

Bank of International Settlements head says cryptos require more regulation

Agustín Carstens has called for cryptocurrencies to be subject to more regulations while arguing that virtual currencies have not made a significant dent in global finance. Agustín Carstens, general manager of the Bank for International Settlements, has called for even more crypto regulations stating that virtual currencies are a tool for circumventing financial laws. In an interview with CNBC on Wednesday, the BIS general manager identified money laundering and terrorism financing as areas that require more robust cryptocurrency regulations. Carstens’s comments, a common refrain among crypto critics, come despite the preponderance of established facts indicating that crypto criminality occupies a minute proportion of global cryptocurrency commerce. According to Carstens, cryptocurrencies have a notoriety for being instruments of criminal activities due to the pseudonymous nature of virtual currency transactions. However, blockchain intelligence firms continue to work with regulators and law enforcement agencies to provide robust crypto forensic capabilities.

‘If my boom thesis is true, you are crazy not to have Bitcoin’

Television personality and host of ‘Mad Money’ on CNBC, Jim Cramer, proposed a thesis that predicts a new kind of economic “boom” in the second half of this year.

Bitcoin made me a 'ton of money' unlike stocks and gold — Jim Cramer

The CNBC host publicly thanks Anthony Pompliano after he made serious returns on a $500,000 BTC investment. CNBC host Jim Cramer has revealed he made "a ton of money" on Bitcoin (BTC) but gold "let him down." In an episode of the Pomp Podcast released March 22, Cramer thanked host Anthony Pompliano for inspiring him to invest $500,000 in BTC. Cramer after Bitcoin buy: "Thank you" "Here's what's going on: you made me a ton of money," he began. Cramer is well known as a mainstream media finance pundit, and is also familiar to Bitcoiners after a previous Pomp Podcast appearance in September 2020. His latest outing, however, puts him in pole position among CNBC presenters when it comes to being bullish on Bitcoin. Continuing, he said that unlike with his experience with buying gold and stocks, Bitcoin actually delivered. "It happened just as you said," he told Pompliano.  "It also happened much faster than you said, but I'm very grateful — and you know who else is grateful? My kids." Turning to gold, Cramer updated advice that he claimed to have espoused for almost 30 years.

Bitcoin mining stocks have outperformed BTC by 455% over the past 12 months

While Bitcoin is up 900% in the last 12 months, shares in the four largest publicly-traded mining firms are up 5,000% over the same period. Despite the top publicly-listed Bitcoin mining firms operating at losses, their share prices have dramatically outperformed BTC over the past 12 months. Appearing on CNBC, Fundstrat’s vice president of digital asset strategy, Leeor Shimron, shared his analysis into the market performance of the four-largest publicly-traded mining firms — Marathon Digital Holdings, Riot Blockchain, Hive Blockchain, and Hut 8, each of which represent a market cap of more than $1 billion. Over the past 12 months, Shimron found the average return for shares in the mining firms to have been 5,000%, while BTC has gained 900% over the same period.

Bitcoin 'better than gold' if you study it, fund manager tells mainstream media

Getting to grips with Bitcoin reveals its benefits over gold as a store of value, says SkyBridge Capital's Anthony Scaramucci. Bitcoin (BTC) is superior to gold if investors take the time to study it, says hedge fund manager Anthony Scaramucci. In an interview with CNBC on March 18, Scaramucci, who is CEO of SkyBridge Capital, reinforced his belief in Bitcoin for mainstream audiences. Scaramucci on Bitcoin vs.

IRS NFT Surprise: Authorities to To Levy Taxes on NFT Purchases From Crypto Gains

NFTs acquired with cryptocurrency gains will attract taxes, according to new CNBC report

Morgan Stanley to offer Bitcoin access to its clients via 3 funds

CNBC has learned that bank giant Morgan Stanley will offer its client access to Bitcoin.

US-based crypto users likely still have to pay taxes on NFTs, says CNBC

"If you exchange crypto for any other asset, you immediately recognize a capital gain or loss," said Robert Frank. Tax season is almost upon crypto users based in the United States, and even if they plan on keeping their assets digital, nonfungible token — or NFT — buyers might not get off scot-free. According to a CNBC report today, people who use the profits from their crypto holdings to purchase NFTs will likely still have to pay capital gains tax up to 20% when filing their US taxes.

'Time To Get Educated': Morgan Stanley Brings BTC Funds To Rich Clients

Major US-headquartered investment bank Morgan Stanley aims to offer three bitcoin (BTC) funds to its rich clients as early as next month, while it stressed that it's time for investors to get educated about this nascent asset class. The news about the funds that enable ownership of bitcoin were first reported by CNBC and Bloomberg and was confirmed to Cryptonews.com by a

‘Existential threat’ to Bitcoin-investing companies from carbon fallout

Asset managers are warning industry giants like Tesla and PayPal that investing in energy-intensive assets like Bitcoin could diminish their popularity among investors. Allocating capital to Bitcoin risks a backlash from environmentally conscious investors, according to author and co-anchor of CNBC's Squawk Box, Andrew Ross Sorkin. In a piece for the International New York Times, syndicated worldwide, Sorkin pointed to statements by Lawrence Fink, CEO of Black Rock — the largest asset managers in the world — indicating his company would make all future investment decisions based on “how they plan to meet the climate challenge.” Tesla’s $TSLA recent bet on bitcoin sullies its green credentials.

No crypto ban in India: Finance Minister predicts “very calibrated” stance

No blanket ban on the horizon, with an open "window" for experimentation in India says Nirmala Sitharaman Yet another “crypto ban” turns out to be temporary FUD. In an interview with CNBC this morning, Indian Finance Minister Nirmala Sitharaman said that reports of a blanket ban on cryptocurrencies are overstated.

Indian Central Bank Playing by Same Anti-Crypto, Pro-CBDC Rules as China, EU

The head of the Reserve Bank of India (RBI), the subcontinent’s central bank, has again indicated that the government might seek to enact a crypto crackdown – while attempting to gazump the crypto sector by releasing a digital rupee. In an interview with CNBC-TV18, RBI Governor Shaktikanta Das appeared to take the same kind of tack that central banks

1 billion people will store life savings on their phone in Bitcoin by 2026 — MicroStrategy CEO

The next five years will see the first billion people opting to store their wealth using Bitcoin simply using mobile devices, says the MicroStrategy CEO. Bitcoin (BTC) will be the savings method of choice for one billion people on their phones by 2026, MicroStrategy CEO Michael Saylor predicts. In an interview with CNBC on Feb.

Overheard On CNBC: If It Wasn’t For Bitcoin, Gold Would Be $3K

Bitcoin is making headlines left and right on media outlets everywhere, but none more so than CNBC.

Bill Gates Will Not Be Joining The Bitcoin Bandwagon Anytime Soon and Neither Will Microsoft

Billionaire philanthropist Bill Gates was probed about his views on Bitcoin in an interview with CNBC's Squawk Box.

Breaking Down What Bill Gates Said About Bitcoin

With the recent craze around Bitcoin, CNBC has been asking many of its guests to its television programs to talk about digital assets.

BlackRock 'Dabbles' In Bitcoin, CBDC Card, Ethereum Futures + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Investing news Rick Rieder, BlackRock's Chief Investment Officer of Global Fixed Income, told CNBC that the world’s largest asset manager started "to dabble a bit" in bitcoin (BTC), but he did not specify

Gold bug Peter Schiff gives Bitcoin permission to hit $100K

"While a temporary move up to $100K is possible, a permanent move down to zero is inevitable," Schiff said on Twitter. The man who once said "Bitcoin will never hit 50K" has doubled down on the bearish prediction that Bitcoin (BTC) will eventually go to zero. Back in 2019, CNBC host Joe Kernen speculated that Bitcoin's price would reach $55,000 by May 2020. Peter Schiff mocked him at the time, saying "Bitcoin will never hit 50k." Though somewhat delayed, the price of Bitcoin hit a new all-time high of more than $50,000 this morning after rising 8% this week.

JPMorgan will get into Bitcoin ‘at some point’, says co-president

JPMorgan co-president Daniel Pinto said that the current demand “isn’t there yet” for the firm to get into Bitcoin, but he is sure that “it will be at some point.” Major US investment bank JPMorgan Chase will eventually have to get involved in Bitcoin (BTC), co-president Daniel Pinto believes. The executive told CNBC Friday that JPMorgan’s decision to introduce Bitcoin services would depend on the client demand to trade Bitcoin.

Wall Street Embrace of Crypto Grows Closer as Employees Argue on Its Behalf: CNBC

On a Zoom call with traders in January, co-President Daniel Pinto suggested he was open-minded about bitcoin.

Grayscale CEO predicts race to grab Bitcoin even as Twitter CFO considers Bitcoin investment

In a recent interview with CNBC Squawk Box Michael Sonnenshein, CEO at Grayscale Investments addressed Tesla’s recent Bitcoin investment that fuelled a fresh BTC rally.

Blockchain Bites: The US vs. Bitcoin?

A CNBC contributor said the US government wouldn't stomach losing the dollar's supremacy to bitcoin.

Haunted by Past Elon Musk Predictions, Gold Bug Peter Schiff Tears Into Tesla’s BTC Acquisition

After previously claiming that Elon Musk was too smart to buy bitcoin, Euro Pacific Capital CEO Peter Schiff is reacting angrily to reports that Tesla has acquired the cryptocurrency.

Grayscale CEO: Firms race to buy Bitcoin as mood shifts from ‘why’ to ‘why not?’

Grayscale CEO Michael Sonnenshein told CNBC that more tech leaders and institutional investors could follow Elon Musk into Bitcoin after Tesla's $1.5 billion purchase. Grayscale CEO Michael Sonnnenshein says institutional demand for Bitcoin (BTC) has only increased, moving into 2021, following a record-breaking year that saw Grayscale’s assets under management soar to new heights.

'It's almost irresponsible' of companies not to include Bitcoin

American television personality and host of ‘Mad Money’ on CNBC, Jim Cramer, thinks companies will benefit from gaining exposure to Bitcoin.

Cramer Says ‘Every’ Corporate Treasurer Should Be Thinking Bitcoin

The CNBC host said its almost irresponsible not to include bitcoin on balance sheets following Tesla's buy.

Indian parliament reportedly considering fast-tracking crypto bill

Government officials may be planning to introduce the law potentially banning crypto “within a month” of the ordinance clearing. The Indian government may be taking a legislative shortcut to pass a bill recently proposed to regulate digital currencies in the country. According to a report from news outlet CNBC-TV18, the Indian government may take the “ordinance route” to ban the use of private cryptocurrencies in the country as well as create a regulatory framework for a digital rupee issued by the Reserve Bank of India.

Robinhood Limits Cryptocurrency Trading Citing ‘Extraordinary Market Conditions’

Users still have some crypto trading functionality, per a Friday report from CNBC.

Billionaire Bond Manager Jeff Gundlach Says Bitcoin Looks Like A Bubble Waiting to Burst

Jeffrey Gundlach, bond fund manager, said in a recent interview with CNBC that Bitcoin is starting to look like a bubble after it surged above the $23,000 level.

CNBC's Jim Cramer says he won't buy Bitcoin above $20K following 20% crash

"This is no different than an entirely erratic stock," said Cramer. Jim Cramer, the host of CNBC’s Mad Money, said he is still “playing with the house’s money” after selling off some of his crypto before the recent price crash. In an interview with TheStreet, Jim Cramer said he still believed in Bitcoin (BTC) despite a $10,000 price correction over the past three days.

Bitcoin Is ‘Less Risky the Higher It Goes,’ Says Investor Bill Miller on CNBC

"That's the opposite of what happens with most stocks," the mutual fund legend added.

Novogratz predicts young people will buy Bitcoin with their stimulus checks

Mike Novogratz claims that many people bought Bitcoin after the last round of federal stimulus checks, and thinks they're likely to again. Amid a long battle over whether or not United States citizens will get their $2,000 stimulus checks to help them to weather the economic repercussions of the COVID-19 pandemic, Mike Novogratz has weighed in on what the news could mean for the stock and crypto markets. The CEO of Galaxy Digital spoke to CNBC Squawk Box amid the surreal image of a Wall Street apparently unfazed by the commotion in the Capitol yesterday.

Bitcoin Price Rally Will Peak Out Early in 2021, according to CNBC Report

As one institutional analyst told CNBC—the Bitcoin price could peak out early in 2021, providing another prime opportunity to buy the BTC price dip.

Mike Novogratz Says New Regulations Targeting Crypto Companies, Not Bitcoin or Ethereum

Galaxy Digital CEO Mike Novogratz says that while regulators don’t have Bitcoin and Ethereum in their sights, they are targeting multiple areas of the crypto industry.  In a CNBC interview, Novogratz highlights the sectors that are likely to be impacted by the efforts of outgoing US Treasury Secretary Mnuchin to regulate the space.

Shark Tank Investor Slams Bitcoin, Crypto: “Not An Institutional Product”

Bitcoin in 2020 has finally attracted institutional investors with serious wealth and capital to throw around.

CNBC Mad Money Host Jim Cramer Bought The Bitcoin Dip Last Week

CNBC's Mad Money host Jim Cramer has purchased more bitcoins during Friday's price dumps but warned new investors to be careful.

Peter Schiff Blames Government for the Massive Dollar Depreciation — Still Refuses to Accept BTC is Digital Gold

Gold bug and bitcoin opponent Peter Schiff says the US government’s actions in the past 78 years are partly responsible for the massive depreciation of the US dollar.