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Trump, the Republican nominee for president, has raised more than $4 million from a mix of digital tokens, a campaign aide told CNBC. At least 19 donors contributed more than $2.15 million bitcoin to the committee, the filing shows. Brian Hughes, a Trump campaign aide, said that of the more than $4 million in crypto raised, most of it arrived in bitcoin. "While the Biden-Harris Administration stifles innovation with more regulation and higher taxes, President Trump is ready to encourage American leadership in this and other emerging technologies." Thus far, it appears the Trump campaign is mostly converting these contributions immediately to USDC and then liquidating the donations.

Persons: Donald J, Trump, Bill Pugliano, Donald Trump, Tyler, Cameron Winklevoss, Mike Belshe, Tyler Winklevoss, Eva Marie Uzcategui, he's, Marc Andreessen, Ben Horowitz, Brian Hughes, Kamala Harris, Hughes, Harris, shiba inu, Jesse Powell, Stuart Alderoty, Alderoty, David Sacks, Ryan Selkis, Sen, Elizabeth Warren, Warren, Ohio Sen, JD Vance, Vance Organizations: Van, Getty, NASHVILLE, Republican, CNBC, U.S, Trump, Republican National Committee, State Department, Gemini Trust, Bloomberg, Solana, Bitcoin, Music City Center, Democratic, Biden, Harris Administration, IRS, Libertarian National Convention, Ohio, Biden White, SEC Locations: Grand Rapids , Michigan, Tennessee, bitcoin, Miami , Florida, U.S, Nashville, San Francisco, USDC, Washington, Lago, Florida

Mr. Selkis, who runs the crypto data firm Messari, was one of a couple hundred attendees at an event celebrating Mr. Trump’s series of nonfungible tokens, the digital collectibles known as NFTs. When he reached the lectern, Mr. Selkis turned to face the former president. “There’s 50 million crypto holders in the U.S.,” the executive declared. The PACs are not planning to participate in the presidential election, a spokesman for the groups said. But top crypto executives have tried to mobilize the industry behind Mr. Trump, who has reciprocated by praising digital currencies and hosting executives at Mar-a-Lago.

Persons: Ryan Selkis, Donald J, Trump, Selkis, “ Organizations: Mar, Lago, Mr Locations: U.S

☆ Steve Cohen says he owns a 'little bit' of bitcoin because of his son
▼ + stars: | 2024-04-03 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Hedge fund billionaire and New York Mets owner Steve Cohen said he owns "very little" bitcoin, though he didn't specify its value. "My son is really into it, and he had me play around and try to figure out how to transact on Coinbase," Cohen told CNBC's "Squawk Box" on Wednesday. Still, he appears to be following along with investors across the world who have been trying to understand how to value bitcoin and whether it belongs in a portfolio. BTC.CM= 1Y mountain Bitcoin (BTC) over the past year Cohen also made the point that bitcoin represents just a slice of the broader market of cryptocurrencies and the opportunities for their underlying blockchain technology. "Bitcoin is separate from crypto ... ultimately, it's about use case – will crypto develop use cases?"

Persons: Steve Cohen, Cohen, CNBC's, it's, There's Organizations: New York Mets, Point72 Asset Management, Point72 Ventures, SEC Locations: cryptocurrencies

☆ Coinbase threatened by bitcoin ETFs after almost 400% surge in stock last year
▼ + stars: | 2024-01-10 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +8 min

"We estimate Bitcoin custody and surveillance revenue will more than offset decline in Bitcoin trading volume as assets migrate to ETFs," the analysts said. "Spot bitcoin ETFs appear poised to take volume away from crypto exchanges," said Bryan Armour, director of passive strategies research for North America at Morningstar. watch nowMizuho sees the income from custody fees as fairly modest given how far investors have pushed up the stock. "They are essential infrastructure in terms of custody, trading, and surveillance for the majority of the ETF proposals," Carter said. WATCH: Former SEC Chair Jay Clayton on changes in bitcoin trading

Persons: Brian Armstrong, Michael Nagle, Coinbase, Franklin Templeton, they'll, Bernstein, bitcoin, Emilie Choi, —, Mizuho, Bryan Armour, Choi, we've, Nic Carter, Carter, Jay Clayton Organizations: Coinbase Global Inc, Bloomberg, Getty, SEC, Coinbase, BlackRock, JPMorgan, Mizuho, FactSet, Circle's U.S, CNBC, North America, Morningstar, Fidelity, Castle, Ventures Locations: New York, BlackRock, Coinbase, bitcoin

Six people listed on Israel's previous Tron seizure notices who responded to Reuters questions denied connections to militant groups. Iran has previously used Tron to skirt U.S. sanctions. 'BLINDSPOT'Since its 2008 birth, the Bitcoin blockchain, and since then crypto more widely, have been magnets for criminals drawn by liquidity and a reputation for anonymity. In 2021, the first year NBCTF published seizure notices, it froze 30 Bitcoin wallets. No Bitcoin wallets appear in notices in the subsequent years.

Persons: Dado Ruvic, Mriganka Pattnaik, Merkle, Hayward Wong, Tron, Wong, Israel, NBCTF, Weeks, Justin Sun, Sun, Binbin Deng, Shlomit Wagman, VanEck, Wagman, Tom Wilson, Elizabeth Howcroft, Nidal al, Gebeily, Frank Jack Daniel Our Organizations: REUTERS, Hezbollah, Reuters, Israel's, Bureau for, British Virgin Islands, Dubai Co, Israel, Hamas, Islamic, West Bank, Tron, U.S . Securities, Exchange Commission, SEC, Sun, Force, Harvard University, Authority, Militant, Thomson Locations: Iran, Israel, United States, New York, Britain, Singapore, Gaza, British Virgin, Jihad, Dubai, Venezuela, Jenin, Tehran, Paris, U.S, London, Beirut

☆ Coinbase CEO says crypto industry can turn the page after historic Binance settlement
▼ + stars: | 2023-11-27 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks during the Messari Mainnet summit in New York, on Thursday, Sept. 21, 2023. The crypto industry can finally close the chapter on a litany of scandals and problems after Binance was hit with a historic settlement by the U.S. Department of Justice, Coinbase CEO Brian Armstrong said Monday. "There are many crypto companies that are helping build the crypto economy and change our financial system globally. Binance was hit by the U.S. Department of Justice with a $4 billion settlement last week, which saw its founder and CEO Changpeng Zhao step down and plead guilty to charges of money laundering violations. "It's true that there have been some small amount of illicit activity in crypto but it's actually less than 1% from what we've seen.

Persons: Brian Armstrong, Binance, Armstrong, CNBC's Joumanna, Changpeng Zhao, we've Organizations: Coinbase Global Inc, U.S . Department of Justice, U.S, Bank, CNBC Locations: New York, Iran

☆ Coinbase CEO slams JPMorgan for banning crypto payments in UK, suggests government should act
▼ + stars: | 2023-09-29 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Coinbase CEO Brian Armstrong is unhappy with JPMorgan Chase's decision to block crypto-related transactions at its U.K. digital banking subsidiary, Chase UK. "I don't think that's OK. I don't think that's the rule of things in our society. Other British lenders have taken similar steps to bar crypto transactions, citing the risk of fraud. Examples include NatWest, which placed limits on the amount of cash that can be sent to crypto exchanges, and HSBC , which banned crypto purchases altogether.

Persons: Brian Armstrong, Armstrong, CNBC's Organizations: Coinbase Global Inc, JPMorgan, Chase, NatWest, HSBC Locations: New York

☆ Crypto is growing up: Goodbye yacht parties and NFTs, hello regulation and practical tech
▼ + stars: | 2023-09-23 | by ( Phil Rosen | ) www.businessinsider.com time to read: +8 min

The three-day Messari Mainnet conference in New York was less expensive and less fun than it was a year ago. That's the sense I got after spending three days rubbing shoulders with crypto founders, blockchain pros, politicians and executives at Messari Mainnet in New York City. Coinbase hosted reporters at a press breakfast during Messari Mainnet 2023. AdvertisementAdvertisementThe long shadow of Gary GenslerGary Gensler, the chairman of the Securities and Exchange Commission, did not attend Messari Mainnet, but no one could stop saying his name. "Gary Gensler cannot state whether ethereum is a security or not," Ramaswamy told the audience.

Persons: Phil Rosen, Carlos Domingo, they're, Anthony Scaramucci, Jesse Pollak, Base, Coinbase, Crypto, Jess Houlgrave, WalletConnect, Houlgrave, Gary Gensler Gary Gensler, Scaramucci, Vivek Ramaswamy, Ramaswamy, Gensler, Gary Gensler, Coinbase's Pollak, Pollak, Messari Organizations: Service, Skybridge Capital, White House, Coinbase, Securities and Exchange Commission, Jiminy Cricket, SEC Locations: New York, Wall, Silicon, New York City, ethereum, Singapore, Hong Kong

☆ 'You made it through winter': Anthony Scaramucci shares 3 reasons why he's still bullish on bitcoin
▼ + stars: | 2023-09-21 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Anthony Scaramucci believes the next decade will be "remarkably bullish" for bitcoin. He compared bitcoin to gold, and said Wall Street will eventually usher in mainstream adoption. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. "If you got your bitcoin, I wouldn't sell your bitcoin, you made it through winter," Scaramucci said in a fireside chat titled, "Why I'm still bullish." "When Wall Street has something in their arsenal, they sell it to their clients...The market [for bitcoin] is going to widen."

Persons: Anthony Scaramucci, bitcoin, Scaramucci, headwinds Organizations: Service, White House, Exchange Commission, SkyBridge Locations: New York, Wall, Silicon

☆ Bitcoin is on track for its first monthly drop of the year, stalling 2023's huge rally as macro uncertainty builds
▼ + stars: | 2023-05-31 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +4 min

The European Central Bank is tightening as well to combat surging prices, with rates at levels not seen since the Great Financial Crisis in 2008. In addition, central bank tightening can also lead to a decline in bitcoin prices." "There's no doubt that bitcoin's price as well as wider crypto market movements are directly impacted by the US Federal Reserve and central bank policies. "We can therefore expect a continued disenfranchisement with the US dollar and uptake of bitcoin and other crypto assets. This will be reflected in price and we can surely expect upward price movements in bitcoin, even in 2023," Caselin told Insider.

Persons: Bitcoin, —, Tacking, Christine Lagarde, Birgham Santos, Santos, Ben Caselin, bitcoin, Caselin Organizations: Service, Traders, Federal, European Central Bank, Lama, US Federal Reserve Locations: solana, bitcoin

Pepe, a coin inspired by an anthropomorphized frog popular in internet memes, leapt nearly 7,000% in the 17 days after its April 16 launch, hitting a market value of $1.8 billion by May 5, according to data tracker CoinGecko. "It's almost like, if the market is not moving up fast enough, traders find these smaller tokens to trade with." Since its launch in April, the token linked to Pepe the frog has raced up the list of meme coins in terms of market value. Binance says on its website that pepe has "no utility" or "value support mechanism". The centralized listings also opened the door for derivative trading for pepe, with leveraged exposures and volatility pushing Ethereum transaction fees higher, Devens said.

☆ Bitcoin surges 9% toward key level of $30,000 as crypto market rallies amid fresh banking sector fears
▼ + stars: | 2023-04-26 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +3 min

The rally comes as First Republic Bank stokes fresh fears over weakness in the banking sector. Investors are also adding risk as they anticipate a Fed pivot, a crypto exec told Insider. First Republic Bank stock nosedived almost 50% on Tuesday and lost another 20% Wednesday, hitting a record low, after reporting higher-than-expected customer deposit withdrawals. Bitcoin rallied through the turmoil in March as Silicon Valley Bank failed, and industry observers said a similar situation is playing out for the world's largest crypto amid the latest bout of uncertainty. Another crypto exec echoed similar sentiments, adding that the slew of bank failures like Silicon Valley Bank last month made investors question the stability of traditional financial services.

☆ 12 crypto projects supporting AI development as mega-cloud giants like Amazon dominate the space, according to a research analyst
▼ + stars: | 2023-04-03 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

"Despite the seemingly smooth progress of AI development, there are underlying challenges and bottlenecks that must be addressed. His recent report points to crypto projects that are developing decentralized machine learning compute networks. Crypto projects lowering the barrier to AIThere are five main stages in the development of AI, according to the report. The two crypto projects that currently have the ability for this are gensyn and together however their blockchains are not yet live. Both of the above tasks aren't as strenuous as model training, so more crypto projects can support them.

☆ US stocks rise as bank shares rebound and CPI shows inflation continues to cool
▼ + stars: | 2023-03-14 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +2 min

US stocks closed higher on cooling inflation data as trader shrug off concerns of a potential regional bank crisis. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. Regional bank stocks soared after cratering on Monday from the collapse of SVB and Signature Bank. The succession of bank failures has sparked heightened speculation the central bank will take a more dovish stance on monetary tightening. Here's where US indexes stood shortly after the 4:00 p.m. close on Tuesday:Here's what else happened today:In commodities, bonds and crypto:

☆ Bitcoin falls to its lowest price in weeks as crypto markets tumble amid Silvergate troubles
▼ + stars: | 2023-03-03 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +3 min

The price of bitcoin hit a two-week low as the industry's crucial banking partner faces financial troubles. Silvergate has experienced a steep downtrend in deposits, along with a 95% plunge in share price over the past year. The price of bitcoin hit a two-week low early Friday and experienced its largest one-hour price drop since the blowup of bankrupt exchange FTX in November. Many large digital asset exchanges work with Silvergate for transactions between entities, and a dent in those relationships could impact industry liquidity. Silvergate was entangled in a number of ailing firms such as FTX, resulting in a massive decline in deposits at the bank amid broader crypto market contagion.

☆ Cathie Wood's Ark Invest says bitcoin could hit $1.5 million by 2030, doubling down on its bullishness for the world's largest cryptocurrency
▼ + stars: | 2023-02-01 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +3 min

Ark Invest said bitcoin could hit nearly $1.5 million by 2030, a 6,326% increase from its current price. The famed money manager predicted bitcoin will scale unto a "multi-trillion dollar market," per a recent report. The bullish estimates come amid a severe and lengthy crypto market rut. Bitcoin is down 65% from its all-time high in November 2021, with the industry's total market value off over 64% from its peak. Since the start of the year, Ark's flagship exchange-traded fund, ARKK, bought 108,548 Coinbase shares, worth $6.3 million at its current price.

☆ Bitcoin is headed for its best start to the year since 2013 as risk appetite grows ahead of expected smaller Fed rate hike
▼ + stars: | 2023-01-27 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +3 min

The rally comes ahead of expected smaller rate hikes from the Federal Reserve next week. The rally seems driven by the belief that the Federal Reserve will ease back further on aggressive rate hikes following signs of cooling inflation. "More measured rate hikes globally tilting to stability will reduce the headwinds as BTC edges towards fresh heights. Matrixport's Thielen said supporting the rally is a "clear signal" that US institutions are buying up bitcoin right now. "Institutions are not only buying bitcoin spot; rather, we are also seeing consistently high premiums for perpetual futures," Thielen said.

☆ 'Dr Doom' Nouriel Roubini says 'literally 90% of crypto is a scam' and Sam Bankman-Fried and FTX are not outliers in the market
▼ + stars: | 2023-01-18 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +2 min

"Dr. Doom" economist Nouriel Roubini told Yahoo Finance Live that 90% of crypto is a scam. He described the stricken industry as a "total real-bubble Ponzi scheme that is going bust." The former NYU professor called most crypto execs "crooks" and said FTX founder Sam Bankman-Fried is not an outlier. "A total real-bubble Ponzi scheme that is going bust." FTX filed for bankruptcy in November after his crypto exchange lost at least $8 billion of customer funds.

☆ Coinbase soars 10% as crypto markets rally and bitcoin notches highest price since September
▼ + stars: | 2023-01-17 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +2 min

The extended rally in crypto markets are helping boost shares of the US crypto exchange. Coinbase cut 20% of its workforce last week, citing "increasingly challenging economic conditions." The move in Coinbase stock comes as cryptocurrency prices continue their uptick. Bitcoin jumped 20% in the past week, according to Messari, while the industry's market cap rebounded to more than $1 trillion over the weekend. The multi-day rally in digital assets is helping boost Coinbase stock, though shares of the company are still down 75% in the past year.

Jan 17 (Reuters) - Bitcoin is on the charge in 2023, dragging the crypto market off the floor and electrifying bonk, a new meme coin. Few crypto tokens have benefited more than bonk, which was launched at the end of December on the Solana blockchain and had rocketed 5,000% by early January. Other meme tokens are also up, with dogecoin and Shiba Inu up 19% and 27% respectively in 2023. The Solana token has now indeed jumped as bonk has gained traction: it's up 131% in 2023, the biggest gainer among major cryptocurrencies. The dollar value of bitcoin trading volumes on major exchanges over a 7-day period jumped to $151 million, the highest in nearly two months, according to data from Blockchain.com.

☆ Bitcoin rallies to a 2-month high after inflation data, shrugging off FTX and DCG troubles for now
▼ + stars: | 2023-01-12 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +4 min

The rally came after key inflation data raised hopes for a more favorable macro environment ahead. "While it's too early to count [the] chickens, the price action since yesterday has been encouraging," a crypto executive told Insider. Early Thursday, Consumer Price Index (CPI) data for December indicated that inflation pressures eased again, giving Federal Reserve officials leeway to slowdown rate hikes. Favorable inflation data ought to boost token prices and could "help the market cement [its] current rebound," said Wael Makarem, Senior Market Strategist at financial services firm Exness. Crypto markets endured a lengthy bear market through 2022.

☆ From the Shanghai upgrade to U.S. regulation: Watch these 5 events to see where crypto markets are heading in 2023
▼ + stars: | 2023-01-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +7 min

Unlike in previous crypto winters, however, macro forces outside the crypto industry are the biggest drivers of the market. The Shanghai upgrade Ethereum developers are gearing up for the network's next big upgrade, the "Shanghai" upgrade, which has a target release of March 2023. "The problem right now is if you stake ether into the network, your ether will be locked until the Shanghai upgrade," Lau said. "There will be more liquidity of ether after the Shanghai upgrade," he added. Gox but the expected distribution of the bitcoin recovered from the exchange's 2014 implosion could be a near-term headwind for bitcoin investors.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCoinbase settles with New York regulators, and Messari CEO explains 2023 themes: 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, Ryan Selkis, the CEO of Messari, explains his outlook for Ethereum in 2023.

☆ Ryan Selkis of Messari shares outlook on 2023 crypto themes, Ethereum and proof of reserves
▼ + stars: | 2023-01-04 | 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 EmailRyan Selkis of Messari shares outlook on 2023 crypto themes, Ethereum and proof of reservesCNBC 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, Ryan Selkis, the CEO of Messari, explains his outlook for Ethereum in 2023.

☆ One of the world's largest bitcoin miners will shut off thousands of mining rigs tied to bankrupt Celsius as part of the firms' bankruptcy proceedings
▼ + stars: | 2023-01-04 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +2 min

Core Scientific will shut down thousands of bitcoin mining rigs tied to Celsius. Core Scientific says the mining rigs are costing the firm $2 million in revenue per month, per court filings. Celsius claims that Core Scientific increased its power rate, which wasn't stipulated in the two embattled companies' initial agreement. Core Scientific followed suit and filed for bankruptcy in December, as miners became pinched by a decline in bitcoin prices and higher energy costs. Core Scientific and Celsius did not immediately respond to Insider's request for comment.

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