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☆ A 'buy bitcoin' sign flashed behind Janet Yellen during a 2017 hearing just sold for $1 million
▼ + stars: | 2024-04-25 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +2 min

A"Buy Bitcoin" sign held up behind Janet Yellen during a 2017 testimony just sold for over $1 million. Christian Langalis, a then-22-year-old intern who held the sign, decided to sell it to fund his crypto startup. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA sign with "Buy Bitcoin" written in all caps on cheap yellow legal pad that was held up behind Janet Yellen during a 2017 congressional hearing was just sold at auction for over $1 million. According to Bloomberg on Thursday, the "Buy Bitcoin" sign held by an intern during then-Federal Reserve Chair Janet Yellen's 2017 Congressional testimony went for $1.027 million at auction.

Persons: Janet Yellen, Christian Langalis, Bitcoin, —, Janet Yellen's, Yellen, CoinDesk Organizations: Service, Bloomberg, Federal, Libertarian, Cato Institute, Financial Services Locations: City

☆ Bitcoin price drops below $60,000 before rebounding ahead of halving
▼ + stars: | 2024-04-19 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Bitcoin rose above $64,000 on Friday, rebounding from a drop below the $60,000 mark, as the cryptocurrency continues to experience volatility ahead of the upcoming halving event. The volatile trade comes ahead of the upcoming halving, which is slated to take place this week. This is when the rewards for bitcoin miners are slashed in half. Amina analysts said miners are selling their bitcoin ahead of the halving. Net flows through the spot bitcoin exchange-traded funds have been negative since last week, according to Amina analysts — which is putting further pressure on bitcoin.

Persons: cryptocurrencies, Solana, bitcoin, Amina, —, Bitcoin Organizations: bitcoin Locations: bitcoin, Israel, U.S

☆ Penthouse to prison: Sam Bankman-Fried's journey from crypto king to convicted conman
▼ + stars: | 2024-03-27 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +8 min

Bankman-Fried, the founder and former CEO of failed crypto exchange FTX, will head on Thursday to a federal court in downtown Manhattan, where U.S. District Judge Lewis Kaplan will deliver his sentencing. After a month of personally dabbling in the market, Bankman-Fried launched Alameda Research, named after the California county that housed his first office. The so-called crypto winter of 2022 wiped out hedge funds and lenders across the crypto universe. May of 2022 brought the crash of stablecoin Luna, creating a domino effect that sent crypto prices plunging, devastating other lenders. On Nov. 2, 2022, crypto trade site CoinDesk publicized details of Alameda's balance sheet, which showed $14.6 billion in assets.

Persons: Samuel Bankman, MacKenzie Sigalos, Sam Bankman, Fried, Damian Williams, District Judge Lewis Kaplan, they'd, FTX, Amr Alfiky, Jane Street, Goldman Sachs, stablecoin Luna, Solana, Changpeng Zhao, Binance, Zhao, Jane Rosenberg, he'd, Cromwell, John J, Ray, confidants, — CNBC's Rohan Goswami Organizations: CNBC, Metropolitan Detention, U.S, District, Prosecutors, Reuters, Jane, Alameda Research, Formula, Democratic, Voyager, Alameda, FTX, Industry, Investors, Enron, Securities and Exchange Commission, Stanford University Locations: San Francisco, he's, Brooklyn, Manhattan, U.S, New York City, South Korea, Alameda, California, Miami, Washington, Solana, FTX, New York, Palo Alto , California

☆ Grayscale CEO says fees on its bitcoin ETF will drop over time after outflows hit $12 billion
▼ + stars: | 2024-03-19 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

Grayscale CEO Michael Sonnenshein said that the crypto fund manager expects to bring fees on its Grayscale Bitcoin Trust ETF down in the coming months, as the nascent crypto ETF market matures. The FTX bankruptcy estate reportedly offloaded the majority of its shares in Grayscale's bitcoin ETF, according to January reporting from Bloomberg and CoinDesk. Grayscale also wants to introduce other ways of giving investors less costly ways of accessing its bitcoin ETF, including a "mini" version of its flagship product — the Grayscale Bitcoin Mini Trust, announced last week. The new BTC ETF would be effectively spun out of the Grayscale Bitcoin Trust ETF and seeded with an as-yet undisclosed portion of bitcoin underlying GBTC shares. The firm is currently awaiting approval from the U.S. Securities and Exchange Commission for its Bitcoin Mini Trust ETF.

Persons: Michael Sonnenshein, Sonnenshein, GBTC, FTX Organizations: NYSE, LONDON, CNBC, Bloomberg, BlackRock, Fidelity, Vanguard, Trust, BTC, U.S . Securities, Exchange Commission, SEC Locations: Grayscale's bitcoin, solana

☆ Bitcoin will soon be 'halved'—what that means for its price
▼ + stars: | 2024-02-29 | by ( Mike Winters | ) www.cnbc.com time to read: +1 min

Halving happens automatically when 210,000 "blocks" are created as part of the bitcoin mining process. The last halving event was in 2020, and the next one is expected sometime in April. Bitcoin's price has surged 36% since spot bitcoin ETFs were approved on Jan. 10. The built-in mechanism mimics the scarcity of gold and ensures that bitcoin mining becomes more expensive over time. "When supply goes down, price goes up, assuming demand remains the same or greater," says Boneparth, who holds investments in bitcoin and other cryptocurrencies.

Persons: Douglas Boneparth Organizations: Bone, CNBC's Locations: bitcoin

☆ Merrill and Wells Fargo are taking Bitcoin ETFs even more mainstream
▼ + stars: | 2024-02-29 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Wells Fargo and Bank of America's Merill will be offering bitcoin ETFs to clients, per Bloomberg. Morgan Stanley is another large firm looking into offering spot bitcoin ETFs, Coindesk reported. "Spot bitcoin ETFs are available for unsolicited purchases through an advisor with Wells Fargo Advisors or through our online WellsTrade platform," Sarah Kerr, a Wells Fargo spokesperson, confirmed to Business Insider. With bitcoin ETFs, retail investors can get exposure to the cryptocurrency's price movements without having to directly buy bitcoin through a less regulated exchange. In the weeks since US regulators approved 11 spot bitcoin ETFs in January, the investment vehicles saw record-high trading volumes.

Persons: Wells, Morgan Stanley, —, Bank of America's Merrill, Wells Fargo, Sarah Kerr, Merrill, Coindesk, Bloomberg's James Seyffart, Janel Jackson Organizations: Bank, America's, Bloomberg, Service, Bank of America's, SEC, Advisors, Business, Vanguard Locations: Wells Fargo, Wells

☆ An abrupt exit at a Goldman Sachs-backed crypto bank spotlights the industry's tug-of-war with regulators
▼ + stars: | 2024-02-26 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +13 min

Read previewWhen the chief executive of cryptocurrency startup Anchorage Digital posted a message in the company's "announcements" Slack channel in late November about an executive's departure, employees started buzzing. Just over a year after it received the charter, the OCC issued a consent order against Anchorage in April 2022. Regulators are aggressively scrutinizing crypto players and prioritizing monitoring crypto compliance. Regulators' viewThe OCC is now led by Michael Hsu, the former Federal Reserve regulator and self-described crypto skeptic who has viewed crypto companies' regulatory compliance in some areas as inadequate. A crypto bank would face risks in safeguarding digital assets in its custody, maintaining appropriate hedges in crypto-lending, and adhering to capital requirements specific to crypto assets, said Kim, who studies crypto and blockchain technology.

Persons: —, Georgia Quinn, Nathan McCauley's, McCauley, Goldman Sachs, Andreessen Horowitz, Quinn, Brian Brooks, CoinDesk, Oliver Wyman, FTI, Brooks, Michael Hsu, Hsu, Evelyn Hockstein, Mark duBose, Seoyoung Kim, University's, Kim, Diogo Mónica, Axel Springer, Mark McCombe, Max Levchin, BNY, Seyfarth Shaw, Ellenoff Grossman, it's Organizations: Service, Anchorage, Business, Citadel Securities, Apollo Global Management, Visa, OCC, Regulators, Securities, Exchange, IBM, KPMG, Anchorage Digital Bank National Association, Federal Reserve, Reuters, Business Insider, Santander Bank, University's Leavey School of Business, KKR, BlackRock, BNY Mellon Locations: Anchorage, United States, Santa, San Francisco, Portugal

☆ Bitcoin regains $1 trillion market cap as the cryptocurrency hits over two-year high
▼ + stars: | 2024-02-14 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

The value of all the bitcoin in circulation, or market capitalization, on Wednesday rose above $1 trillion for the first time since late 2021, according to CoinMarketCap data. The cryptocurrency also broke through the $51,000 level during the day, marking the first time it has hit this price since December 2021. When the halving takes place, the rewards given to bitcoin miners are cut in half, which reduces the volume of the cryptocurrency onto the market. The newly-issued spot bitcoin ETFs recorded net inflows of $1.1 billion last week. ETFs are a product that track the price movement of another asset, in this case allowing investors to play bitcoin price moves without owning the underlying cryptocurrency.

Persons: Bitcoin, bitcoin, Bitcoin's, Ethereum Organizations: U.S . Securities, Exchange, Investors, SEC

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin briefly crosses $52,000 as it recaptures $1 trillion market cap: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Andy Baehr of CoinDesk Indices discusses what's driving bitcoin's rally to multi-year highs.

Persons: explainers, Andy Baehr Organizations: CNBC Crypto, CNBC

☆ Wondercraft wants to be the AI-driven 'Canva of audio.' Check out the 9-slide pitch deck it used to raise $3 million.
▼ + stars: | 2024-01-29 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

An AI audio startup founded by former Palantir and Acast staffers has raised $3 million in a seed round backed by investors, including Y Combinator and Diary of a CEO host Steven Bartlett. London-based Wondercraft, founded in 2022, aims to become the "Canva of audio." Nikolaou said he likened the startup to Canva because he wanted to "empower everyone to be an audio creator." With the fresh funding, Wondercraft will develop the platform further and extend a wider range of features to its users. Check out the 9-slide deck used to raise the fresh funds:

Persons: Y Combinator, Steven Bartlett, Dimitris Nikolaou, Youssef Rizk, Oskar Serrander, Nikolaou, Serrander, Wondercraft Organizations: Business, Will Ventures Locations: London, Boston

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJPMorgan's Jamie Dimon says he's done talking crypto, but calls blockchain 'real': CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Andy Baehr of CoinDesk Indices discusses a new index to track the broad performance of major cryptocurrencies.

Persons: Jamie Dimon, he's, blockchain, explainers, Andy Baehr Organizations: CNBC Crypto, CNBC

Meanwhile, there is growing excitement that the U.S. Securities and Exchange Commission will approve the first ever bitcoin ETF, after years of opposition. With all of this excitement comes some quite bold predictions about bitcoin's price. "No rationale for that prediction," Mobius said, except that a bitcoin ETF looks likely and "that has heightened interest" in the cryptocurrency. Yang attributes the anticipated price rise to a bitcoin ETF being approved, leading to higher institutional investment in bitcoin, as well as May 2024's bitcoin halving, which would result in the bitcoin supply being constrained. Alexander told CNBC that during the first quarter of 2024, bitcoin will trade within the $40,000 to $55,000 range, owing to "professional traders creating volatility."

Persons: Filip Radwanski, Bitcoin, bitcoin, FTX, Sam Bankman, Fried, Binance's Changpeng Zhao, Mark Mobius, Mobius, Yang, Luna, James Butterfill, Butterfill, Antoni Trenchev, Trenchev, Carol Alexander, Alexander, Coinbase, Matrixport Organizations: Getty, CNBC, Department of Justice, U.S, U.S . Securities, Exchange, Chartered, University of Sussex, Exchange Commission, SEC, Fidelity, Blackrock, Federal Reserve Locations: U.S, bitcoin, Blackrock

☆ Crypto execs says the bull run is underway and could lead to $100,000 bitcoin in 2024
▼ + stars: | 2023-12-04 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

"It feels that [2023]was a year to get ready for the bull run that is yet to come. But the sentiment is very hopeful for [2024] and 25," Pascal Gauthier, CEO of Ledger, told CNBC last week in an interview. Since then, the crypto industry has been hit with a litany of issues from the collapse of coins and projects to bankruptcies and criminal trials. It began with Standard Chartered last week which reiterated an April price call that bitcoin would hit $100,000 by end of 2024. "Combined with geopolitical crosscurrents, this healthy dose of monetary support should push Bitcoin to new highs in 2024."

Persons: Chino, Bitcoin, Pascal Gauthier, Ledger, Sam Bankman, Changpeng Zhao, David Marcus, Marcus, Facebook's, Diem, Gauthier, Vijay Ayyar, Matrixport Organizations: Getty, CNBC, U.S . Department of Justice, bitcoin, Standard Chartered, Federal Reserve

☆ Stocks making the biggest moves premarket: Pfizer, Disney, Tesla, Alibaba and more
▼ + stars: | 2023-12-01 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Pfizer — Shares dropped 4.2% after the drugmaker said it would halt development of its twice-daily experimental weight loss pill. Marvell Technology — The semiconductor stock fell more than 5% after Marvell issued lower-than-expected revenue guidance for the fourth quarter. Ulta Beauty — The stock gained nearly 12% after the beauty products retailer reported third-quarter earnings that beat analysts' expectations. Ulta reported earnings of $5.07 per share, higher than the $4.95 per share analysts polled by LSEG were expecting. Dell — Stock in the computer maker fell nearly 6% on the heels of a mixed third-quarter earnings report.

Persons: Pfizer, Andrew Nowinski, Nelson Peltz, Alibaba, Morgan Stanley, Tesla, Coinbase, Ulta, LSEG, Jessica Fye, Lisa Kailai Han, Jesse Pound, Michelle Fox Organizations: Pfizer —, Paramount Global, Wall Street Journal, Apple, Disney —, Trian Fund Management, Marvell Technology, Marvell, Invest, Nasdaq, Dell —, Wall, LSEG, JPMorgan Locations: —, Wells Fargo

☆ Stocks making the biggest moves midday: Tesla, Disney, Alibaba, Ulta Beauty and more
▼ + stars: | 2023-12-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Ulta Beauty — The beauty stock rallied nearly 11% after posting third-quarter results that surpassed analysts' estimates. Samsara — Samsara shares popped 16% after the cloud company posted better-than-expected quarterly results and shared stronger-than-expected guidance. The chip company posted third-quarter earnings that topped Wall Street's estimates but shared weaker-than-expected guidance for the current quarter. Ambarella — Shares slipped 1% after Ambarella reported third-quarter gross margins of 62.6%, down from 63.5% in the year-ago period. Otherwise, the semiconductor design company posted quarterly results that topped estimates.

Persons: Tesla, Nelson Peltz, Alibaba, Morgan Stanley, Wells, Dell, Altimmune, Ambarella, Jefferies, Yun Li, Michelle Fox, Sarah Min, Alex Harring, Brian Evans, Jesse Pound Organizations: Disney — Disney, Trian Fund Management, Pfizer, Paramount Global, Street Journal, Paramount, Apple, Marvell Technology, Invest, Nasdaq, Dell —, LSEG, JPMorgan, Norfolk Southern, Bank of America, CSG Locations: Texas, China, Wells Fargo, Norfolk, Ohio

☆ Forbes built a hall of shame for all the questionable people on its 30 Under 30 lists
▼ + stars: | 2023-11-29 | by ( Pete Syme | ) www.businessinsider.com time to read: +5 min

Plenty of people on the Forbes 30 Under 30 lists have turned out to be not quite so shiny. AdvertisementThe Forbes "30 Under 30" lists celebrate the achievements of young people making a mark in a range of sectors. Its "hall of shame" starts – appropriately enough – with Sam Bankman-Fried, the FTX cofounder who was on the 30 Under 30 finance list in 2021. Caroline Ellison was on the Forbes 30 under 30 list last year. Outside the 30 Under 30 finance class, the gun rights activist Cody Wilson also makes the hall of shame.

Persons: Forbes, Sam Bankman, Martin Shkreli, —, Mark Zuckerberg, FTX, Fried, Caroline Ellison, Eduardo Munoz Alvarez Martin Shkreli, Craig Ruttle, Charlie Javice, Frank, JP Morgan Chase, Javice, Morgan, She's, Nate Paul, Lucas Duplan Clinkle, Lucas Duplan, Peter Thiel, Andreesen Horowitz, Cody Wilson, Kelly West, Steph Korey, James O'Keefe, Prendergrast, she's Organizations: Forbes, Service, Prosecutors, Justice, TechCrunch, Business, Reuters, Project Veritas, The City Magazine Locations: Alameda

☆ Stock Market News Today: Dow, Nasdaq Edge Higher; Nvidia Stock in Focus
▼ + stars: | 2023-11-22 | by ( ) www.wsj.com time to read: +1 min

Major stock indexes continued their November march higher ahead of the Thanksgiving holiday , while oil prices fell . Nvidia shares slipped a day after it reported blockbuster sales of chips used in AI. Bitcoin prices edged higher. Ten-year yields edged higher after settling Tuesday at 4.417%. Bitcoin prices edged higher.

Persons: OpenAI, Sam Altman, Dow Organizations: Nvidia, Binance, Dow industrials, Nasdaq, Autodesk, Deere, Airlines, Treasury, Energy, Benchmark, Overseas, Nikkei Locations: Europe, Shanghai

☆ Watch CNBC's full interview with Bullish CEO Tom Farley
▼ + stars: | 2023-11-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Bullish CEO Tom FarleyTom Farley, Bullish CEO and former NYSE president, joins 'Squawk Box' to discuss the company's acquisition of crypto media platform CoinDesk, the state of crypto industry, the fate of spot bitcoin ETFs, and more.

Persons: Tom Farley Tom Farley Organizations: NYSE

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBinance's Changpeng Zhao to step down as part of $4.3 billion DOJ settlement: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Kevin Worth, CEO of CoinDesk, discusses Bullish's acquisition of the crypto news outlet.

Persons: Zhao, explainers, Kevin Worth Organizations: CNBC Crypto, CNBC

☆ What is Binance, why is it in so much trouble, and what does it mean for crypto?
▼ + stars: | 2023-11-21 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

Not only is Binance the world’s biggest crypto exchange, it is orders of magnitude larger than its rivals. Up until recently, Binance boasted nearly 60% of the market share for crypto spot trading. The Seychelles-based OKX is second in market share at 5.44% and the US exchange Coinbase is third at 5.37%, according to crypto news site CoinDesk. Today, Binance takes responsibility for this past chapter.”It’s a common refrain among crypto firms who find themselves under scrutiny. “What this plea deal does is give Binance as a chance to live another day,” Yadav said.

Persons: Changpeng Zhao —, Binance, Zhao, “, ” Zhao, FTX, “ Binance, ”, Robert Le, Yesha Yadav, ” Yadav Organizations: New, New York CNN, Justice Department, Binance Holdings, Bloomberg, Getty, CZ, PitchBook, Investors, Vanderbilt University, Binance Locations: New York, Binance, Seychelles

☆ Bullish CEO Tom Farley on the state of crypto, CoinDesk acquisition and bitcoin ETFs
▼ + stars: | 2023-11-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBullish CEO Tom Farley on the state of crypto, CoinDesk acquisition and bitcoin ETFsTom Farley, Bullish CEO and former NYSE president, joins 'Squawk Box' to discuss the company's acquisition of crypto media platform CoinDesk, the state of crypto industry, the fate of spot bitcoin ETFs, and more.

Persons: Tom Farley Organizations: NYSE

☆ CoinDesk CEO on acquisition: 'Real opportunity' to put more resources into global operations
▼ + stars: | 2023-11-21 | by ( Talia Kaplan | Kaan Oguz | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCoinDesk CEO on acquisition: 'Real opportunity' to put more resources into global operationsKevin Worth, the CEO of CoinDesk, discusses Bullish's acquisition of the crypto media outlet and weighs in on recent developments in digital assets.

Persons: Kevin Worth

☆ Company Led by Former NYSE President Buys Crypto News Site CoinDesk
▼ + stars: | 2023-11-20 | by ( Vicky Ge Huang | ) www.wsj.com time to read: 1 min

Tom Farley’s crypto exchange, Bullish, bought 100% of CoinDesk in an all-cash deal. Photo: Simon Dawson/Bloomberg NewsA company run by former New York Stock Exchange President Tom Farley said on Monday that it has acquired crypto-focused media company CoinDesk. Bullish, the crypto exchange run by Farley, bought 100% of CoinDesk in an all-cash deal. Financial terms of the deal weren’t disclosed. Digital Currency Group, the parent company of CoinDesk, acquired the media company in 2016 for $500,000.

Persons: Tom Farley’s, Simon Dawson, Tom Farley, Farley Organizations: Bloomberg, New York Stock Exchange, Digital Currency Group

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrypto company led by former NYSE president acquires news outlet CoinDesk: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Chris Janczewski, head of global investigations at blockchain intelligence company TRM Labs, explains which crypto crimes were most popular in 2023.

Persons: explainers, Chris Janczewski Organizations: CNBC Crypto, CNBC, TRM Labs

☆ Barry Silbert's crypto empire continues to spiral as ex-NYSE president buys news site CoinDesk
▼ + stars: | 2023-11-20 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +1 min

After months on the market, crypto news site CoinDesk has finally been acquired by a business that's run by the former president of the New York Stock Exchange. Bullish, a digital asset exchange led by ex-NYSE chief Tom Farley, has purchased CoinDesk from Barry Silbert's Digital Currency Group. It's the latest sign that Silbert's crypto empire, which had vaulted its founder into the billionaire ranks, continues to fall apart. In July, however, a $125 million purchase agreement from a consortium of investors fell through. In August, CoinDesk reportedly laid off around 16% of its staff.

Persons: CoinDesk, Tom Farley, Barry, Farley, Bullish, Silbert, Michael Casey Organizations: New York Stock Exchange, ex, NYSE, Barry Silbert's Digital Currency, Wall Street Journal, Lazard, CNBC

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