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Hands hold the biometric imaging device, the Orb, of the identity and financial public utility Worldcoin, which aims to create a World ID digital passport, with a tradeable cryptocurrency, in Berlin, Germany August 1, 2023. REUTERS/Annegret Hilse/File PhotoAug 8 (Reuters) - Worldcoin has no problem attracting eyeballs. More than 2.2 million people have signed up, getting their irises scanned in exchange for a digital ID and, in some countries, free crypto. The new project from ChatGPT founder Sam Altman aims to create a blockchain-based "identity and financial network". PitchBook analyst Robert Le said there were several startups trying to build blockchain-based digital identity systems, but none on Worldcoin's scale.

Persons: Annegret, Sam Altman, WLD, Gordon Grant, Andreessen Horowitz, Robert Le, James Butterfill, Worldcoin, It's, Riyad Carey, Elizabeth Howcroft, Pravin Organizations: REUTERS, Genesis, Reuters Graphics, U.S . Securities, Exchange Commission, Pravin Char, Thomson, Reuters Locations: Berlin, Germany, Kenya

☆ Elon Musk's X aims to win back advertisers with new brand safety technology deal
▼ + stars: | 2023-08-08 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +2 min

The company formerly known as Twitter is betting that a new ad-tech partnership and enhanced safety tools for brands will lure back advertisers who departed in the months since Elon Musk purchased the company. X, as Musk renamed the company, said on Tuesday that it signed a one-year deal with Integral Ad Science, which sells ad-verification technology. IAS provides similar brand safety technology to TikTok and Google's YouTube, Utzschneider said. ET to CNBC's interview with X CEO Linda Yaccarino as she speaks with Sara Eisen on "Squawk on the Street." Watch: New study finds Twitter bots and Elon Musk posts boosted price of FTX-listed altcoins

Persons: Elon Musk, Musk, Lisa Utzschneider, Utzschneider, X, Twitter, Linda Yaccarino, Sara Eisen, Elon Organizations: Twitter, Elon, Ad, CNBC, YouTube

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPayPal launches dollar-backed stablecoin issued by Paxos: 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, Brent Xu, the founder and CEO at Umee, discusses the price movement of altcoins as regulatory uncertainty has weighed on investors this year. He also provides his outlook for these cryptocurrencies.

Persons: stablecoin, explainers, Brent Xu Organizations: PayPal, Paxos, CNBC Crypto, CNBC

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew study finds Twitter bots and Elon Musk posts boosted price of FTX-listed altcoinsCNBC 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. Robinhood reports earnings, DOJ officials reportedly want to charge Binance with fraud, and a new study examines Twitter posts that drove the price of altcoins on FTX.

Persons: Elon, explainers Organizations: CNBC Locations: FTX

They also shared their findings with X Corp. days ahead of publication. Musk has claimed, without providing data, that bot activity has fallen since he acquired Twitter. In recent weeks, X Corp. sued Bright Data and the Center for Countering Digital Hate, for example, raising the ire of House Democrats. NCRI partners with Bright Data for pro-bono access to social media data, Goldenberg noted. X Corp. did not immediately respond to a request for comment.

Persons: Sam Bankman, NCRI, Elon Musk, Pepe, altcoin PEPE, Musk, Alex Goldenberg, Goldenberg Organizations: Twitter, Alameda Research, Network, Research, New Jersey GovSTEM, X Corp, Tesla, SpaceX, NCRI, Bright Data, Center, Democrats, Bright Locations: Hong Kong, China, New Jersey

☆ Cryptocurrencies fall to begin August, bitcoin dips under $29,000
▼ + stars: | 2023-08-01 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Ether , which has joined bitcoin in recent months as a sort of large cap, blue-chip trade in crypto, was down by 1.4%, after finishing July down by 3.35%. It was under extra pressure due to a recent exploit in DeFi giant Curve, however. Whenever investors hear the word hack ... it puts the whole crypto market on the backfoot and that's what's happening here," Gilbert said. Bitcoin volumes have also dropped significantly from their recent highs and have failed to reclaim them despite the price of bitcoin showing so much resilience this year. "When bitcoin heads south so do most altcoins ... and they're selling off a little bit further given what we're seeing with Curve."

Persons: bitcoin, Josh Gilbert, Altcoins, Ripple's, XRP, Aave, We've, Gilbert Organizations: Metrics, SEC, Binance, Solana, Polygon's, Finance, ERC, Blackrock ETF Locations: DeFi, Blackrock

☆ Bernstein says buy these assets to play the big crypto investment themes
▼ + stars: | 2023-07-31 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

With bitcoin's price and trading volume still little changed, Bernstein is highlighting other crypto assets with good opportunities for investors. Bitcoin investors have been feeling deja vu as the setup for the next bull run takes shape. "It is time to dial up the crypto exposure, either through crypto equities or direct digital asset exposure for multi-asset strategies," he said. However, several investing themes within the market have emerged in recent years, and Bernstein has identified opportunities in specific assets to play each segment. Chhugani identified a seventh category, crypto games and prediction markets, but said market leaders in that space have yet to emerge.

Persons: Bernstein, Gautam Chhugani, Chhugani, Solana, Uniswap, Bernstein's, Ripple's XRP, Michael Bloom

July 25 - XRP has become the unlikely white knight of crypto, thwarting its regulatory foes and dragging the market out of the doldrums. Its market cap has ballooned to $36 billion from $25 billion and its crypto market share to 3.5% from 2% before the ruling, according to CoinMarketCap. The market cap of XRP, the token issued by Ripple, increased by more than 60% after a U.S. judge ruled in its favour. XRP VS STABLECOINSIt's certainly not all smooth sailing for Ripple, or altcoins more generally, though. Ripple Labs said last week that its pursuit of sound crypto regulation in the U.S. was far from concluded.

Persons: XRP, it's, Matteo Greco, Ben Weiss, STABLECOINS, stablecoins, Joseph Edwards, Edwards, Lisa Pauline Mattackal, Medha Singh, Pravin Organizations: Ripple Labs, Fineqia, SEC, Enigma Securities, Pravin Char, Thomson, Reuters Locations: U.S, cryptoland, altcoins, ethereum, Bengaluru

☆ Bitcoin has a ‘massive uphill battle to fight’ to retake earlier levels, Wolfe says
▼ + stars: | 2023-07-20 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

"Crypto still has struggled to see a meaningful run," Wolfe Research strategist Rob Ginsberg said in a note Wednesday. A crypto asset's "dominance" measures how much of it makes up the total cryptocurrency market cap. Investors use it to determine which parts of the crypto market are outperforming or underperforming relative to their peers and to identify changes in trend. "The coin still has a massive uphill battle to fight if it plans on retaking former levels. Crypto equities — miners Marathon and Riot , crypto exchange Coinbase , and bitcoin proxy MicroStrategy in particular — have been outperforming bitcoin as well, Ginsburg noted.

Persons: Bitcoin, bitcoin, Crypto, Wolfe, Rob Ginsberg, Ginsburg, it's, Michael Bloom Organizations: Wolfe Research, BlackRock, U.S ., SEC, Coinbase

Second-biggest token Ether had its best session since March and Ripple , which a U.S. judge ruled could be legally sold on public crypto exchanges, soared 73%. "The regulatory environment is changing," said Matthew Dibb, chief investment officer at crypto asset manager Astronaut Capital. He said further cases would probably shed more light on how courts will treat private crypto offerings. The world's biggest asset manager, BlackRock (BLK.N), filed to launch a bitcoin exchange traded fund last month and earlier in July exchange operator Cboe (CBOE.Z) refreshed its filing for a similar fund to be run by asset manager Fidelity. "For the first time in a while, it's been consistently positive news coming though and that means you've got momentum."

Persons: Bitcoin, Matthew Dibb, Justin d'Anethan, Greg Moritz, FTX, Sam Bankman, Alex Mashinsky, We'd, Chris Weston, it's, Vidya Ranganathan, Simon Cameron, Moore Organizations: Capital, BlackRock, Fidelity, Investors, Solana, Commodity Futures, Commission, Tab, Traders, U.S, SEC, Thomson Locations: SINGAPORE, U.S, Asia, Keyrock, Hong Kong, reining, China, noncomplicance, Melbourne, Singapore

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Celsius CEO freed on $40 million bond, and altcoins rise after XRP ruling: 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, EtherFi CEO Mike Silagadze breaks down liquid staking and how he plans to compete with other protocols in an interview with CNBC Crypto World. He also explains what EtherFi calls the first ever NFT collection backed by staked ETH.

Persons: explainers, Mike Silagadze, EtherFi Organizations: CNBC Crypto, CNBC, ETH

In this photo illustration, a visual representation of the digital Cryptocurrency Ripple is displayed on January 30, 2018 in Paris, France. Ripple's XRP token went up 68% in the last 24 hours, leading a wider rally of major-cap altcoins, as crypto traders digest a key ruling that could stifle U.S. regulator efforts to stamp out digital asset trading. All four tokens were recently singled out as securities in the U.S. Securities and Exchange Commission's formal suits against popular crypto retail trading exchanges, including Binance and Coinbase . But the Thursday summary judgement from U.S. District Judge Analisa Torres calls that classification into question. Ripple maintained that its token is not a security — triggering ongoing confusion over which digital coins fall into which regulatory bucket.

Persons: Ripple's, Algorand's, Analisa Torres, Brad Garlinghouse, Renato Mariotti, Bryan Cave Leighton Organizations: U.S . Securities, Exchange, District, SEC, Labs, San, U.S . Southern, of New, U.S . Justice Department's Securities, Commodities Locations: Paris, France, San Francisco, U.S, of New York, Chicago

☆ XRP coin surges after judge delivers a huge win to Ripple in its case against the SEC
▼ + stars: | 2023-07-13 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Ripple's XRP token surged more than 30% at one point on Thursday after a judge in the Southern District of New York ruled that it's "not necessarily a security on its face." The price of XRP was last higher by 28.90% at about 60 cents a coin, according to Coin Metrics. The news gave hope to crypto investors, who breathed a sigh of relief that other altcoins may not be considered securities either. Polygon's matic token gained 11%, while litecoin and the token tied to Solana jumped 8%, and Cardano's token advanced 7%. "Also, it will likely have an important impact on the Binance and Coinbase lawsuits."

Persons: Ripple's, XRP, Cantor Fitzgerald's Elliot Han Organizations: of, Metrics, Solana, CNBC Locations: Southern, of New York, U.S

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin soars in first half of 2023, and fintech firm Revolut to delist altcoins: 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, Brock Pierce of the Bitcoin Foundation discusses his outlook for crypto, 2024 campaign plans and more in an exclusive interview.

Persons: Revolut, explainers, Brock Pierce Organizations: CNBC Crypto, CNBC, Bitcoin Foundation

☆ Bitcoin rallies 17% this week as institutional interest in the asset picks up
▼ + stars: | 2023-06-24 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

For many crypto investors, this week felt like the beginning of a new era – and ironically, it was driven by the old guard of financial institutions. Bitcoin ended the week up 17.1% at $30,864.67, according to Coin Metrics, for its best week since March 17. At one point on Friday, bitcoin rose to as much as $31,412.72 , its highest level since June 8, 2022. BlackRock filed an application for its spot bitcoin ETF June 15, spurring a flurry of fund filings from other asset managers. In the past two weeks, bitcoin's trading volume has increased 0.5% on a week-over-week basis, according to JPMorgan.

Persons: Bitcoin, bitcoin, Polygon, Yuya Hasegawa, Invesco, Charles Schwab, CNBC's, it's, Owen Lau, Oppenheimer, Lau, Hasegawa Organizations: Solana, Securities and Exchange Commission, Nasdaq, SEC, BlackRock, Fidelity Digital Assets, Citadel Securities, JPMorgan Locations: Cardano

☆ Cryptocurrencies climb to end the week as investors digest BlackRock's bitcoin ETF plans
▼ + stars: | 2023-06-16 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

For the week, bitcoin is on track to end just below the flatline, while ether is heading for a 6% loss. Bitcoin was last higher by 4% at $26,419.53, according to CoinMetrics, while ether advanced 3% to $1,718.06. After the bell Thursday, BlackRock — the largest asset manager in the world — filed for spot bitcoin ETF, with Coinbase as its crypto custodian. It's been about 10 years since the first filing for a potential spot bitcoin ETF. The filing comes about a week after the SEC sued its crypto custody partner, Coinbase, for violating securities laws, leaving many questioning the timing of BlackRock's application.

Persons: bitcoin, litecoin, Bitcoin, Gustavo Schwenkler, It's, Mark Connors Organizations: Solana, U.S . Investors, U.S . Securities, Exchange Commission, BlackRock, Coinbase, Leavey School of Business, Santa Clara University, SEC Locations: U.S

☆ Bitcoin drops below $25,000, Tether's stablecoin falls under its dollar peg
▼ + stars: | 2023-06-15 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Standard Chartered predicts that bitcoin could fall to $5,000 in 2023 as part of their research on potential market surprises next year. Cryptocurrency prices fell after the Federal Reserve's June meeting, with bitcoin falling below $25,000 for the first time since March. On Thursday, bitcoin was lower by around 4% at $24,866.92, according to Coin Metrics, while ether fell more than 5% to $1,632.47. And selling pressure weighed on Tether (USDT), which lost its peg to the U.S. dollar on most exchanges Thursday, falling to 99 cents in its biggest drop since November. "Given how thin trading volumes are at the moment, a sizable (but not massive) sell order is enough to set off liquidations."

Persons: bitcoin, Altcoins, Polygon's, Cardano's, Stocks, Michael Safai Organizations: Chartered, Federal, Metrics, U.S, Federal Reserve

Over 50 cryptocurrencies worth over $100 billion in total and making up about 10% of the overall market, are now viewed by the SEC watchdog as securities, according to CCData. Among major players, for example, solana , polygon and cardano have sunk between 23% and 32%. Bitcoin and ether weren't named in the SEC's lawsuit, nor were stablecoins such as tether and USC Coin. By contrast, bitcoin investors who have held their coins for more than five months appeared relatively calm and accounted for just 1.9% of deposit volume. Investment products tracking altcoins have seen positive - albeit small - net inflows this year, in contrast to bitcoin and ether, Coinshares data showed on Monday.

Persons: Vetle Lunde, Ryan Rasmussen, solana, Lucas Kiely, Alex Thorn, Noelle Acheson, James Butterfield, Lisa Mattackal, Medha Singh, Pravin Organizations: U.S, SEC, K33 Research, solana, Securities, Bitwise Asset Management, Reuters Global Markets, Cardano Foundation, Solana Foundation, Reuters, Polygon Labs, Reuters Graphics Reuters, USC, BTC, ETH, Firmwide Research, Galaxy Digital, Pravin Char, Thomson Locations: cardano, altcoins, Bengaluru

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrypto altcoins plunge following SEC charges, and Robinhood to delist some tokens: 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, Brent Xu, the founder and CEO of Umee, weighs in on altcoin price movement following the SEC's charges against Binance and Coinbase.

Persons: Robinhood, explainers, Brent Xu, Binance Organizations: SEC, CNBC Crypto, CNBC

☆ Bitcoin and ether stand ground this week while altcoins tumble on the SEC's Coinbase crackdown
▼ + stars: | 2023-06-10 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Coinbase shares fell more than 17% over the course of the week. The market cap of crypto 'securities' fell CryptoQuant's "SECurities" index fell about 14% following the lawsuit, while the market cap of bitcoin and ether has basically remained flat. JMP noted that in the "securities" the SEC named, bitcoin and ether, which represented 55% of Coinbase's trading volume in the first quarter, were excluded. Coinbase saw outflows of about 20 million of Polygon's matic token Tuesday afternoon, trading at about 73 cents by the end of the week. The popular gaming token Axie Infinity, trading at about $6, saw outflows of about 32,000 coins Monday afternoon.

Persons: Coinbase, Bitcoin, Jefferies, They're, Binance Organizations: SEC, Securities and Exchange Commission, Metrics, U.S, Sports Locations: U.S, Solana, Cardano, Coinbase

☆ Asia stocks gain on hopes for China stimulus, Fed pause
▼ + stars: | 2023-06-07 | by ( Xie Yu | ) www.reuters.com time to read: +2 min

HONG KONG, June 7 (Reuters) - Most Asia-Pacific stocks markets strengthened on Wednesday, as expectations for stimulus from China and overnight gains on Wall Street boosted the mood. On Tuesday, China reportedly asked the biggest banks to cut deposit rates to boost the economy. "Overall, across the board, assets are doing pretty well," said Yuting Shao, macro strategist at State Street Global Markets. The U.S. dollar index slipped by 0.04% to 104.03. Leading cryptocurrency bitcoin was trading at about $27,000, consolidating following a sharp overnight rebound from as low as $25,350.

Persons: Hong, Yuting Shao, Saudi Arabia's, Brent, bitcoin, Solana, Ed Moya, Xie Yu, Kevin Buckland, Robert Birsel Organizations: Nikkei, State Street Global, Federal Reserve, Treasury, U.S, Australian, Saudi, U.S . Securities, Exchange Commission, SEC, Thomson Locations: HONG KONG, Asia, Pacific, China, Japan, Tokyo, Tuesday's, Cardano, Polygon, Bitcoin

The U.S. Securities and Exchange Commission (SEC) on Monday took aim at Binance, the world's largest cryptocurrency exchange. The SEC accuses Binance and its CEO Changpeng Zhao of operating a "web of deception". The SEC said Coinbase traded at least 13 crypto assets that are securities that should have been registered, including tokens such as Solana, Cardano and Polygon. Reuters GraphicsFounded in 2012, Coinbase recently served more than 108 million customers and ended March with $130 billion of customer crypto assets and funds on its balance sheet. Tuesday's SEC lawsuit seeks civil fines, the recouping of ill-gotten gains and injunctive relief.

Persons: Binance, Changpeng Zhao, Kevin O'Brien, Ford O'Brien Landy, Coinbase, Nansen, Paul Grewal, Coinbase's, Ed Moya, bitcoin, Oanda's Moya, Dado Ruvic, Gary Gensler, Gensler, Kristin Smith, Jonathan Stempel, Hannah Lang, Michelle Price, Kevin Buckland, Leslie Adler, Christopher Cushing Organizations: YORK, U.S . Securities, Exchange Commission, SEC, Global Inc, Exchange, REUTERS, Securities, Supreme, Beaxy Digital, Bittrex Global, CNBC, Blockchain Association, Reuters Graphics, U.S, Binance's U.S, Thomson Locations: Manhattan, Solana, Cardano, bitcoin, Binance, Binance.US, Binance's, Cayman Islands, New York, Washington, Tokyo

☆ Wall Street is split on where Coinbase shares go next as the company's legal fight with the SEC begins
▼ + stars: | 2023-06-07 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +8 min

Analysts are split on how Coinbase shares perform from here as the company enters a battle with the Securities and Exchange Commission. Others see this development as a major threat to Coinbase's business, going beyond near-term financial implications. Additionally, with the complaint coming a day after the SEC sued Binance , Coinbase is likely to see new trading volumes near term, she added. "The SEC lawsuit highlights that Coinbase simultaneously operates as a broker-dealer, an exchange, and a clearing agency/custodian," he added. "We also want to underscore that the COIN business model is doing well right now," he added.

Persons: it's, Coinbase's, cryptocurrencies, Cathie Wood, Raymond James, Patrick O'Shaughnessy, SVB MoffettNathanson, Lisa Ellis, Ellis, Binance, Coinbase, Gary Gensler, Canaccord, Raymond James –, Jefferies, Trevor Williams, SEC …, Devin Ryan, Joseph Vafi, Jason Kupferberg, Michael Bloom Organizations: Securities and Exchange, SEC, CNBC, Securities, Coinbase, Bank of America Locations: U.S

☆ 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

☆ Crypto sees fifth consecutive week of outflows, with negative sentiment focused on bitcoin
▼ + stars: | 2023-05-22 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Crypto investment products are coming off their fifth consecutive week of outflows while trading volumes on trusted exchanges hit their lowest level since late 2020, according to CoinShares. Outflows in popular electronic trading products, mutual funds and OTC trusts referencing bitcoin , ether and other crypto assets totaled $32 million for the week ending May 19, CoinShares said in a weekly report Monday. "This was another down week for crypto and, interestingly, a week of divergence with upbeat equity markets," Bernstein analyst Gautam Chhugani said in a note Monday. The market saw $32.7 million in bitcoin outflows, followed by $1 million in ether. Any sign of dislocation in U.S. banks/the U.S. Dollar/the U.S. debt crisis could trigger crypto markets to catch a bid amidst the chaos."

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