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☆ Mark Cuban slams Trump's new silver coins as a bitcoin betrayal and an attempt to profit from his supporters
▼ + stars: | 2024-09-23 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

In an X post On Saturday, the tech billionaire shared the Republican presidential candidate's promotional video for Official Trump Coins, in which Trump hailed them as a "true symbol of American greatness." "He is selling the silver coins as a collectible that could increase in value …. He also suggested Trump's endorsement of the coins means he can't be trusted as a business partner or investor. Cuban asked on X.AdvertisementHe continued: "Would you tell ANYONE you know to get business or investment advice from a person selling these coins?" Cuban has repeatedly criticized Trump in recent weeks while championing Vice President Kamala Harris, Trump's rival in this year's presidential race.

Persons: —, Cuban, Donald Trump, he's, Trump, Warren Buffett, They're, Trump's, Kamala Harris, He's, Trump Organization didn't Organizations: Service, Republican, Trump, Business, btc, Maxis, Dallas Mavericks, White, JBCZ Group, CIC Digital, CIC Ventures, CIC, Trump Organization Locations: bitcoin

☆ Tourists are rushing to see glaciers before they disappear, but trips are turning deadly
▼ + stars: | 2024-09-21 | by ( Laura Paddison | ) edition.cnn.com time to read: +7 min

The three people who lost their lives in Alaska are just a few of those who have died on trips to see the world’s fast-disappearing glaciers. But there’s also another motivation increasingly present — the desire to see the glaciers before they disappear. In Alaska, Sheldon used to be able to find a good area for ice climbing for the whole summer. Many are convinced danger is manageable, he told CNN, but “if you’re honest about it, that might often be a rather naive understanding.”As well the safety issues glaciers pose tourists, tourists are also a huge risk to the glaciers themselves. As the glaciers shift, so too will glacier tourism, something that’s starkly clear to Sheldon.

Persons: Zach Sheldon, Sheldon, Byron, Colin D ., there’s, It’s, Jackie Dawson, ”, Hrafn Sigurjonsson, Sven, Erik Arndt, Arterra, Dawson, Matthias Huss, Huss, “, Passo Sella, Emmanuele, Stefan Gössling, ” Gössling, what’s Organizations: CNN, Alaska Guide Company, Austrian, University of Ottawa, Association of, Association of Iceland Mountain Guides, Companies, Worthington, ETH Zürich, Linnaeus University Locations: Alaska, Valdez Lake, Portage, Chugach, Forest , Alaska, Association of Iceland, American, Iceland, An American, Valdez, Italy, Swiss, Passo, Val Gardena, Sweden, New York, Anchorage

☆ Students and startups are building the next generation of space exploration technology
▼ + stars: | 2024-09-12 | by ( Amy Gunia | Woojin Lee | ) edition.cnn.com time to read: +2 min

Editor’s Note: Tech for Good is a series that highlights young innovators developing technology to improve our world. Cast your vote below to help us decide what projects to feature in a special episode of the show, airing in November. Today, private companies dominate space launches and tourism, but entrepreneurs across the world are working on technology to make space exploration cheaper, more sustainable, and more efficient. On campuses and in classrooms everywhere, students are working on ideas that could seed a new generation of startups. Innovation like this could be crucial to continue the revolution that’s gripped the space industry in recent decades.

Persons: Phil McAlister, McAlister, “, “ They’re, ” Organizations: Hong Kong CNN, SpaceX, Companies, CNN, Tech, ETH Zurich, Polytechnique Locations: Hong Kong, Switzerland, Japan, Canada

☆ Apheros helps data centers cool down. Check out the pitch deck it used to secure $1.85 million.
▼ + stars: | 2024-08-19 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +1 min

Apheros has secured $1.85 million in pre-seed funding for its data center cooling technology. Check out the pitch deck it used to secure the fresh funding. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA startup that helps data centers to cool down has just secured $1.85 million in pre-seed funding.

Persons: Apheros, — Organizations: Service, ETH Zurich, Business Locations: Zurich

☆ Meet the DNA-collecting robot fish developed by students in Switzerland
▼ + stars: | 2024-08-12 | by ( Amy Gunia | Alkira Reinfrank | ) edition.cnn.com time to read: +3 min

The student-led group has spent the past two years building a school of soft robotic fish – of which Eve is the latest. A robot fish designed and developed by students at ETH Zurich SURF eDNAEve’s ability to camouflage itself as a fish isn’t its only utility. The students hope that Eve will be able to give scientists a more detailed picture of the oceans and their inhabitants. A robot fish developed by students at ETH Zurich. “Maybe we can prevent species from being endangered or dying out.”Want to learn more about Eve the robot fish?

Persons: Eve, eDNA, Dennis Baumann, eDNA Eve’s, ”, Martina Lüthi, Baumann Organizations: CNN, Switzerland’s ETH, ETH Zurich, Tech Locations: Switzerland’s ETH Zurich, California

☆ Reddit cofounder reveals his best-ever investment — and his biggest flops
▼ + stars: | 2024-08-12 | by ( Jaures Yip | ) www.businessinsider.com time to read: +1 min

Alexis Ohanian said his early investment in Ethereum's pre-token sale is now worth $17.1 million. The Reddit cofounder called it his best-ever investment. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! In a podcast interview with venture capitalist Harry Stebbings, the Reddit cofounder said that he made millions from investing early in Ethereum.

Persons: Alexis Ohanian, Ohanian, —, Harry Stebbings Organizations: Service, Business Locations: Ethereum's, Zenefits, Ethereum

☆ Bitcoin nears $70,000 as investors digest Trump crypto comments and look ahead to central bank meetings
▼ + stars: | 2024-07-29 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Investors are coming back into the market after bitcoin ended last week flat and ether dropped roughly 8%. Additionally, traders are watching the Federal Reserve, Bank of Japan and the Bank of England – all of which are meeting this week. Eyes are on Fed Chair Jerome Powell in particular, hoping his comments will confirm an interest rate cut in September. He also said it would be his policy to keep 100% of the bitcoin the U.S. government currently holds (about 210,000 bitcoins), serving as the beginning of a National Strategic Bitcoin Reserve. In remarks that garnered the biggest roar from the audience, Trump vowed that he would replace Gensler "on day one."

Persons: Bitcoin, bitcoin, Jerome Powell, Donald Trump, Sen, Elizabeth Warren, Gary Gensler, Biden, they've, Trump, Cynthia Lummis Organizations: Getty, Metrics, Federal Reserve, Bank of Japan, Bank of England, Bitcoin Conference, Democratic, Securities, Exchange, Trump, Strategic Bitcoin, Republican Locations: Nashville, Wyoming

☆ Ukraine's IT army is a 'world first' in cyberwarfare — but it's a major gamble for the government, experts say
▼ + stars: | 2024-07-27 | by ( Cameron Manley | ) www.businessinsider.com time to read: +7 min

AdvertisementIn Russia, however, "they have the expertise but not necessarily the service providers who sit in front of organisations to detect and deflect DDoS attacks," Woodward added. AdvertisementSuch attacks may also help "support defensive movements of the Ukrainian army," said Vasileios Karagiannopoulos, an associate professor in cybercrime and cybersecurity at the University of Portsmouth. Advertisement"The IT Army is managed by the SBU and the Ukrainian MoD," Soesanto said, adding that they receive support from Ukraine's Ministry of Digital Transformation. Ted told BI that "the MoD does not run the IT army, but there is collaboration to ensure efforts are synchronized." Ukraine's Ministry of Defense did not respond to a request for comment from BI on the nature of its relationship with the IT army.

Persons: —, Mykhailo Fedorov, Ukraine's, Eager, Ted, Ted said, Alan Woodward, Woodward, Ukraine's cyberdefense, Stefan Soesanto, Vasileios Karagiannopoulos, Karagiannopoulos, Soesanto Organizations: Service, Business, Transformation Ministry, IT Army, Surrey Centre, Cyber Security, University of Surrey, Visa, Mastercard, Center for Security Studies, ETH Zurich, Kommersant, University of Portsmouth, country's Ministry of Defense, Ukrainian MoD, Ukraine's Ministry of Digital, MoD, Ukraine's Ministry of Defense Locations: Russia, Ukraine, Ukraine's, cybercrime, Ukrainian

☆ Cryptocurrencies rebound with risk assets, but ether still lower for the week
▼ + stars: | 2024-07-26 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

In this article ETH.CM=BTC.CM= Follow your favorite stocks CREATE FREE ACCOUNTDado Ruvic | ReutersCrypto prices rose on Friday following two down days in which investors rotated out of risk assets. Bitcoin was last higher by 4.5% at $67,720.83, according to Coin Metrics, and ether advanced 4% to $3,248.25. In equities, the tech-heavy Nasdaq Composite and the broad-market S&P 500 — which suffered their worst single trading day since 2022 this week — rallied. Many expect favorable crypto comments from Trump — who in recent weeks has painted himself as the pro-crypto candidate in this year's election — could boost prices in coming days. Still, bitcoin is little changed for the week, while ether is on pace to end the week with an 8% loss.

Persons: Dado Ruvic, Bitcoin, —, MicroStrategy, Donald Trump, Trump Organizations: Reuters, Metrics, Nasdaq, Federal, Bitcoin Conference, Trump — Locations: Nashville

☆ Cryptocurrencies suffer alongside tech stock rout, ether slides 6%
▼ + stars: | 2024-07-25 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Cryptocurrencies fell one day after a reversal in technology stocks pushed the S&P 500 and Nasdaq Composite to their worst day since 2022. Disappointing quarterly earnings from from Alphabet and Tesla late Tuesday weighed on the rest of the tech sector as investors rotated out of high-risk assets, including cryptocurrencies. Gox repayment schedule that has resulted in a persistent round of bitcoin selling pressure this month, he added. Meanwhile, ether fell 6% to $3,172.59 as newly-launched ether exchange-trade funds traded for a third day. "What is happening is the same as when spot bitcoin ETFs were launched back in January," said Yuya Hasegawa, crypto market analyst at Japanese bitcoin exchange Bitbank.

Persons: Cryptocurrencies, Bitcoin, Joel Kruger, Yuya Hasegawa, bitcoin Organizations: Nasdaq, Metrics, LMAX, ETH Locations: outflows

☆ Ether dips below $3,400 on second day of U.S. spot ETH ETF trading: CNBC Crypto World
▼ + stars: | 2024-07-24 | 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 EmailEther dips below $3,400 on second day of U.S. spot ETH ETF trading: 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, head of product at CoinDesk Indices, weighs in on the potential impact of the U.S. launch of spot ETH ETFs on crypto prices.

Persons: explainers, Andy Baehr Organizations: CNBC Crypto, CNBC Locations: U.S

☆ Grayscale's $9 billion head start in ethereum is at risk as big investors launch ETFs
▼ + stars: | 2024-07-24 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +4 min

With the SEC clearing the path for ETFs, Grayscale will have a boatload of rivals, and investors can go hunting for the lowest fees. Large financial firms, including Fidelity Investments, Franklin Templeton, BlackRock and Invesco, are already on the market with their own spot ether ETFs. In their first day of trading on Tuesday, spot ether ETFs collectively saw over $1 billion in volume, with JPMorgan analysts estimating net sales of $104 million. While money poured into the new offerings, the Grayscale Ethereum Trust (ETHE) saw redemptions of $485 million. watch nowIn the bitcoin ETF market, Grayscale has been struggling to handle the flood of competition.

Persons: Jakub Porzycki, Barry Silbert's, Franklin Templeton, Morningstar's Bryan Armour, Grayscale's David LaValle, LaValle Organizations: Nurphoto, U.S, Digital Currency Group, SEC, Fidelity Investments, BlackRock, JPMorgan, CNBC Locations: Invesco, U.S

☆ Cryptocurrencies fall on day 1 of ether ETFs as Mt. Gox moves more bitcoin to creditors
▼ + stars: | 2024-07-23 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Bitcoin led the crypto market lower on Tuesday – the first trading day for ether ETFs – as Mt. Gox transferred more bitcoin to creditors and investors took profits following the cryptocurrency's best week since March. The market is expected to absorb the negative impact, thanks to long-term optimism on the success of ether ETFs as well as the U.S. presidential election. "Part of that is the bitcoin ETF adoption is in the early innings – a lot of the largest pools of money for that ETF have not even been turned on yet," he added. He pointed to the launch of bitcoin ETFs in January, when bitcoin surged to a record before plummeting 20% and then advanced to another new high.

Persons: bitcoin, Bitcoin, Gox, Devin Ryan, Nexo, Antoni Trenchev, Ben Kurland, Joe Biden, Kamala, Harris, Trenchev, Kamala Harris, Donald Trump Organizations: Metrics, U.S, JMP Securities, ETH Locations: Gox

☆ Spot ether ETFs are set to trade Tuesday. Here’s what it means for the Ethereum blockchain
▼ + stars: | 2024-07-23 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

There are already ether ETFs that track futures contracts, but these are the first to track spot ether. Spot ether ETF applications Grayscale Ethereum Mini Trust (ETH)Grayscale Ethereum Trust (ETHE)Bitwise Ethereum (ETHW)VanEck Ethereum (ETHV)21Shares Core Ethereum (CETH)Invesco Galaxy Ethereum (QETH)Fidelity Ethereum (FETH)Franklin Ethereum (EZET)iShares Ethereum Trust (ETHA) Like the spot bitcoin ETFs that launched in January, most are waiving fees initially — in many cases for up to a year. By the standards of ETF launches, spot bitcoin ETFs have been a success: They recently topped $17 billion in net flows year to date since their debut. Bitcoin prices rose going into the launch of spot bitcoin ETFs. (Ether is the cryptocurrency used in the Ethereum network, but in practice the terms Ethereum and ether are often used interchangeably.)

Persons: Bitwise, VanEck, Franklin Ethereum, iShares, bitcoin, Ben Johnson, Morningstar's, Matt Hougan, Johnson, Morningstar Organizations: Nurphoto, Fidelity, U.S . Securities, Exchange, SEC Locations: Washington

☆ Ether ETFs appear set to launch on Tuesday, six months after massive debut for bitcoin funds
▼ + stars: | 2024-07-22 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The U.S. Securities and Exchange Commission appears to have given the green light for exchange-traded funds that hold ether , the world's second-largest cryptocurrency. It approved rule changes for exchanges to list ether funds in May. Some of the companies that have been vying to launch ether funds include massive asset managers such as BlackRock, Fidelity and VanEck. The ether ETFs come about six months after the launch of bitcoin ETFs, which saw some of the most successful debuts in the industry's history. The ether funds are not expected to be as popular as the bitcoin funds, in part because the total market for ether is roughly one-fourth the size of the leading cryptocurrencies.

Persons: Matt Hougan, doesn't, Hougan Organizations: U.S . Securities, Exchange Commission, SEC, Fidelity, VanEck, Trust, ETF, Bitwise Locations: BlackRock, U.S

☆ Ether ETFs are coming. Here's how Wall Street sees the funds impacting the world's 2nd-biggest crypto
▼ + stars: | 2024-07-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Spot ether ETFs could launch as soon as July 22, reports say. Wall Street has issued a range of outlooks on how the world's second-largest cryptocurrency will move once the ETFs launch. The bank expects these funds to drive $15 billion to $45 billion worth of ether inflows in a 12-month window. Bulls derived their confidence from how bitcoin behaved after its spot ETFs launch in January. They noted bitcoin's first-mover advantage and stressed that the ether token offers functionality that wouldn't be accessible through the ETFs, thus limiting demand.

Persons: —, bitcoin, Nikolaos Panigirtzoglou, CoinDesk, Rachel Lin, Alex Kuptsikevich Organizations: Street, Service, Securities and Exchange Commission, Chartered, Bulls, JPMorgan, Citi, Steno, Reuters, Galaxy Digital, ETH, Business

☆ Here are Friday's biggest analyst calls: Netflix, Nvidia, Apple, Arm, Meta, Amazon, Hasbro, Coinbase, Broadcom & more
▼ + stars: | 2024-07-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Friday's biggest calls on Wall Street: UBS upgrades Accenture to buy from neutral UBS said the IT services company has AI optionality. UBS upgrades Wolverine World Wide to buy from neutral UBS said it sees sales growth and margin upside for the footwear manufacturer. JPMorgan reiterates Netflix as overweight JPMorgan said it's sticking with its overweight on Netflix following Thursday's earnings report. Bank of America reiterates Amazon as buy Bank of America said it's sticking with its buy rating following Amazon's Prime Day. UBS upgrades Ameren to buy from neutral UBS upgraded the electric services company and said regulatory risks are "overly discounted."

Persons: Morgan Stanley, Oppenheimer, William Blair, it's, Needham, Coinbase, Wedbush, it's bullish, Barclays downgrades Molson Coors, Cantor Fitzgerald, Cantor, Evercore, JPMorgan, Buck, Melius Organizations: UBS, Accenture, JPMorgan, Netflix, Revenue, Bank of America, 3Q, Nvidia, Meta, NASDAQ, Trump, Vance, Big Tech, Choice, Barclays downgrades, Barclays, TAP, Apple, Services, Broadcom, Broadcom's, Consumer, Hasbro Locations: China, Coinbase

☆ Climate change is messing with time more than previously thought, scientists find
▼ + stars: | 2024-07-15 | by ( Laura Paddison | ) edition.cnn.com time to read: +6 min

CNN —The impacts of human-caused climate change are so overwhelming they’re actually messing with time, according to new research. “This is a testament to the gravity of ongoing climate change,” said Surendra Adhikari, a geophysicist at NASA’s Jet Propulsion Laboratory, and a report author. If the world continues to pump out planet-heating pollution, “climate change could become the new dominant factor,” outpacing the moon’s role, he told CNN. They found the impact of climate change on day length has increased significantly. They found any influence from the molten core was outweighed by that of climate change.

Persons: ”, Surendra Adhikari, “, Benedikt Soja, , Olivier Marin, ” Adhikari, Mostafa Kiani Shahvandi, Shahvandi, Duncan Agnew, Jacqueline McCleary, It’s Organizations: CNN, National Academy of Sciences, GPS, Jet Propulsion Laboratory, Swiss, ETH Zurich, Getty, University of California San, Northeastern University, Zurich’s Soja Locations: Scoresby, East Greenland, AFP, Greenland, Antarctica, University of California San Diego

☆ Melting polar ice is changing the way the Earth spins, making our days longer
▼ + stars: | 2024-07-15 | by ( Laura Paddison | ) edition.cnn.com time to read: +6 min

CNN —The impacts of human-caused climate change are so overwhelming they’re actually messing with time, according to new research. “This is a testament to the gravity of ongoing climate change,” said Surendra Adhikari, a geophysicist at NASA’s Jet Propulsion Laboratory, and a report author. These include processes in the planet’s fluid core, the ongoing impact of the melting of huge glaciers after the last ice age, as well as melting polar ice due to climate change. If the world continues to pump out planet-heating pollution, “climate change could become the new dominant factor,” outpacing the moon’s role, he told CNN. They found any influence from the molten core was outweighed by that of climate change.

☆ These types of ETFs could prove winners in the second half
▼ + stars: | 2024-07-08 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +6 min

The best-performing exchange-traded funds in the second half will likely be decided by broader shifts in the markets and economy. Even with mounting uncertainty, however, there are some types of ETFs that could emerge as winners. Equities A handful of stocks were big winners in the first half, and some narrowly focused ETFs were able to ride that wave. Single-stock funds tied to Nvidia have also seen heavy interest, including the GraniteShares 2x Long Nvidia ETF (NVDL) . However, Hougan said he didn't think that omission would be a big hurdle for ETF investors.

Persons: Michael Arone, Arone, Jay Jacobs, Jacobs, Todd Sohn, bullish, we're, Sohn, Matt Hougan, Hougan Organizations: Federal Reserve, U.S, SPDR, State Street Global Advisors, Nvidia, Microsoft, NYSE Technology, iShares, Digital Infrastructure, Real, U.S . Tech, Blackstone Senior Loan, Loan Fund, New, Bitwise Asset Management, ETH Locations: U.S

☆ How Trump flipped from bitcoin skeptic to 'crypto president'
▼ + stars: | 2024-07-06 | by ( Filip De Mott | ) www.businessinsider.com time to read: +5 min

Donald Trump was not always a crypto supporter, but he's recently voiced strong support for the industry. Political spending by the industry has made crypto an election issue for both parties, a source told BI. The former president's pro-crypto stance is making bitcoin a "Trump trade," Bernstein said. AdvertisementAt a campaign fundraising event in June, former president Donald Trump styled himself as something that would have seemed unlikely not long ago. "He said he would be the crypto president," tech executive Trevor Traina, who attended the fundraiser, told Reuters that month.

Persons: Donald Trump, he's, Bernstein, —, Trevor Traina, It's, Trump, — Donald J, Joe Biden, it's, Alan Konevsky, Trump's, David Bailey, Konevsky, Biden's, Michael Novogratz Organizations: Service, Reuters, Republican, Fox Business, CNBC, Democratic, Public Citizen, BTC Inc, Congress, Innovation, Technology, Trump, Securities and Exchange Commission

☆ Mark Cuban is offloading a portion of his NFTs—one already sold for over $30,000
▼ + stars: | 2024-07-01 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

For the first time in two years, Mark Cuban is selling a portion of his collection of non-fungible tokens — and he's already made a little over $39,000. Most notably, he sold his Pudgy Penguin NFT for $30,950. Cuban could rake in even more money for his digital collectibles. Cuban has been a longtime collector of the virtual tokens and still has nearly 1,600 items in his cryptocurrency portfolio. Like other physical collectibles, such as comic books or postage stamps, NFTs may hold sentimental value to the collector.

Persons: Mark Cuban, NFT, NFTs, they're Organizations: ETH, Cuban, CNBC Locations: OpenSea

☆ Mars gets hit by hundreds of basketball-size space rocks every year
▼ + stars: | 2024-06-29 | by ( Ashley Strickland | ) edition.cnn.com time to read: +8 min

CNN —Hundreds of basketball-size space rocks slam into Mars each year, leaving behind impact craters and causing rumblings across the red planet, according to new research. During its time on Mars, InSight used its seismometer to detect more than 1,300 marsquakes, which take place when the Martian subsurface cracks due to pressure and heat. Meteoroids are space rocks that have broken away from larger rocky bodies and range in size from dust grains to small asteroids, according to NASA. “We’re interested in studying that on Mars because we can then compare and contrast what’s happening on Mars to what’s happening on the Earth. Between 280 and 360 meteoroids hit the red planet each year, and they form impact craters larger than 26 feet (8 meters) across, according to the study.

Persons: ”, Ingrid Daubar, ” Daubar, NASA’s, “ We’re, Géraldine Zenhäusern, ” Zenhäusern, Natalia Wojcicka Organizations: CNN, NASA, Reconnaissance, JPL, Caltech, University of Arizona, Brown University, NASA’s Mars, Nature Communications, Switzerland’s ETH Zürich, Imperial College London’s Locations: Mars, Switzerland’s

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSpot ETH ETFs should be fully approved over the summer, SEC Chair Gensler says: 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, Zach Pandl, managing director of research at Grayscale Investments, weighs in on what the Federal Reserve's decision to hold rates steady coupled with the recent inflation data means for crypto.

Persons: Gensler, explainers, Zach Pandl Organizations: SEC, CNBC Crypto, CNBC, Federal

☆ Bitcoin to reach $150,000 if Trump wins presidency, according to Standard Chartered
▼ + stars: | 2024-06-06 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

The U.S. presidential election has emerged as the next key catalyst for the price of bitcoin, and could push it to $150,000 by the end of the year, according to Standard Chartered. "As we approach the U.S. election I expect $100,000 to be reached and then $150,000 by year-end in the case of a Trump victory," Geoff Kendrick, head of digital assets research at Standard Chartered, wrote of bitcoin. "The Biden administration recently showed pragmatism in approving the ETH ETFs, but subsequently Biden vetoed efforts to repeal SAB 121 . Bitcoin could reach a new record over the weekend if Friday's nonfarm payrolls report is friendly, Kendrick said. The cryptocurrency's current record, reached on March 14, is $73,797.68.

Persons: Geoff Kendrick, bitcoin, Biden, Trump, Friday's, Kendrick, Dado Ruvic Organizations: U.S, Chartered, Trump, Standard Chartered, BTC, ETH, SAB, Securities and Exchange Commission Locations: Washington, The U.S

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