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☆ Still some downside to bitcoin within a long-term uptrend, says Fairlead Strategies' Katie Stockton
▼ + stars: | 2024-07-08 | 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 EmailStill some downside to bitcoin within a long-term uptrend, says Fairlead Strategies' Katie StocktonKatie Stockton, Fairlead Strategies founder and managing partner, joins 'Squawk Box' to discuss bitcoin's recently volatility, latest market trends, and more.

Persons: Katie Stockton Katie Stockton

☆ Bitcoin can get to $100,000 by year-end, says Skyridge's Anthony Scaramucci
▼ + stars: | 2024-07-08 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin can get to $100,000 by year-end, says Skyridge's Anthony ScaramucciAnthony Scaramucci, Skyridge Capital, joins 'Closing Bell' to discuss his outlook on Bitcoin and his crypto sector outlook.

Persons: Skyridge's Anthony Scaramucci Anthony Scaramucci Organizations: Skyridge

☆ CNBC Daily Open: French far-right advance blocked
▼ + stars: | 2024-07-08 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Far-right advance thwartedFrance's left-wing New Popular Front coalition unexpectedly blocked a far-right advance in the parliamentary run-off vote, securing the largest number of seats but falling short of an absolute majority. Gox bankruptcy estate confirmed that repayments in bitcoin and bitcoin cash had commenced, likely fueling investor concerns of a massive sell-off. However, recent profit-taking and valuation concerns led to a pullback and a rare downgrade from a Wall Street analyst.

Persons: France's, Jan Hatzius, Goldman Sachs, Bitcoin, Emmanuel Papadakis Organizations: CNBC, Popular Front, Rassemblement, Nasdaq, Dow Jones, Federal Reserve, Novo Nordisk, Novo Nordisk's Ozempic, Deutsche Bank, Harvard Medical, Nvidia, Wall Locations: Europe's, U.S, Gox, bitcoin, Novo

☆ Bitwise CIO on what a successful Ethereum ETF launch would look like
▼ + stars: | 2024-07-08 | 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 EmailBitwise CIO on what a successful Ethereum ETF launch would look likeMatt Hougan, Bitwise Asset Management CIO, joins CNBC’s Bob Pisani on “Fast Money Halftime Report: ETF Edge” to discuss the timeline for Ethereum ETF approval, potential next steps, and the track record of Bitcoin ETFs so far this year.

Persons: Matt Hougan, Bob Pisani Organizations: Bitwise, Management

☆ I was scammed out of nearly $300,000 and was forced to abandon my retirement dreams
▼ + stars: | 2024-07-08 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

Last year, I started looking for ways to make more money from my retirement savings. The so-called investment company asked me to take out a line of credit. AdvertisementI trusted the big bank that the scammers usedStill, the so-called investment company called me, asking for more money. I never would have transferred money to a small bank or international establishment, but if you can't trust them, who can you trust? We need to be able to trust the government and major institutions like Bank of America to stop this fraud.

Persons: Leonid Shteyn, I'd, Scammers, I've, I'm Organizations: Business, Bank of America Locations: bitcoin, Bulgaria, Czech Republic, New York, Texas

☆ Breadth and diversification will help cushion the blow for crypto's volatility, says Andy Baehr
▼ + stars: | 2024-07-08 | 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 EmailBreadth and diversification will help cushion the blow for crypto's volatility, says Andy BaehrAndy Baehr, CoinDesk Indices head of product, joins 'Squawk Box' to discuss bitcoin's recent downturn, state of crypto, and more.

Persons: Andy Baehr Andy Baehr

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin's slump continues amid government selling pressures, Mt. Gox repayments: 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, Matthew Sigel, head of digital assets research at VanEck, weighs in on the recent decline in crypto prices.

Persons: explainers, Matthew Sigel Organizations: CNBC Crypto, CNBC

☆ Euro eases on French poll gridlock, dollar sluggish after US payrolls
▼ + stars: | 2024-07-08 | by ( ) www.cnbc.com time to read: +3 min

The euro slipped on Monday after projections from France's election pointed to a hung parliament amid an unexpectedly strong showing for a left-wing alliance, spawning fresh uncertainty over the country's fiscal outlook. The euro slipped on Monday after projections from France's election pointed to a hung parliament amid an unexpectedly strong showing for a left-wing alliance, spawning fresh uncertainty over the country's fiscal outlook. The yen headed for a third day of gains after rebounding from last week's nearly 38-year trough to the dollar. The euro was 0.06% lower at $1.0827, and earlier slid as much as 0.4% as investors weighed the consequences of a hung French parliament. The dollar slipped 0.07% to 160.70 yen, down from as high as 161.96 on Wednesday.

Persons: Sterling, Emmanuel Macron's, Chris Weston, Macron, Weston, bitcoin Organizations: Federal Reserve, Labour, Conservative, New Popular Front, Le, Traders Locations: Gox

☆ The German government owns around $2 billion in bitcoin — and it's freaking out crypto investors
▼ + stars: | 2024-07-08 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Bitcoin has also been under selling pressure from the German government as well as collapsed bitcoin exchange Mt. Last month, the German government began selling bitcoin from a wallet operated by the country's Federal Criminal Police Office, referred to locally as the Bundeskriminalamt, or BKA. Bitcoin price reactionIn tandem with these sales, bitcoin has seen its price fall dramatically. At one point in the day, the entire crypto market had shed more than $170 billion in combined market capitalization in a 24-hour period, CoinGecko's data showed. Germany's bitcoin sales aren't the only concern for crypto investors.

Persons: Bitcoin, it's, wasn't, bitcoin, —, Nobuaki Kobayashi, James Butterfill, CoinShares, Germany's BKA, Joana Cotar, Cotar, Olaf Scholz, Christian Lindner, Michael Kretschmer, she's, Samson Mow Organizations: Federal Criminal Police, Arkham Intelligence, CNBC, Saxony, Federal Criminal Police Office, German Bundestag Locations: Gox, bitcoin, Germany, Saxony, Federal Republic of Germany, German, Berlin

☆ 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

☆ A scammer conned us out of our $32,430 down payment by email. We didn't realize it until 10 days later.
▼ + stars: | 2024-07-06 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +7 min

Somehow a hacker got into her email account, and then was able to get all of our transaction information. But we got a call from our real attorney, and they said, "Hey, your down payment is due today." I called the seller's attorney, and he explained that the email account was not his, and the bank account wasn't either. AdvertisementWe found out the only real email address in the thread was our real-estate agent's, but she wasn't the one communicating with us. She told us via text message that her email account must have been hacked — that it was her email address, but she didn't write it.

Persons: —, Daniel Pietschnig, Jessica Madalena, Daniel, Jessica, Jessica's, scammers, We'll, they'd, we've, we're, — we're Organizations: Service, Business, Social Security, FBI, Bitcoin Locations: Wood, , New Jersey, Jersey City, Newark, homebuyers

☆ 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

Gox, the Japanese bitcoin exchange that collapsed into bankruptcy a decade ago, on Friday said that the company has begun to make payments in bitcoin and in bitcoin cash to some of its creditors. After declaring bankruptcy, 140,000 of the missing bitcoin were recovered — which means that roughly $9 billion worth of bitcoin will be returned to owners, in today's prices. Gox, Arkham Intelligence said Friday. Gox users, according to Arkham. A further $63.6 million of bitcoin was sent to an unknown counterparty, which Arkham said was "likely a listed repayments exchange."

Persons: Thomas Trutschel, Gox, bitcoin, Arkham Organizations: Photothek, Arkham Intelligence Locations: Mt, Gox, bitcoin, Tokyo, Arkham

☆ Stocks making the biggest moves midday: Macy's, MicroStrategy, Coinbase, Nvidia and more
▼ + stars: | 2024-07-05 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Nvidia — Shares of the artificial intelligence darling fell 1% after a rare negative call on Wall Street . New Street Research downgraded Nvidia to hold from buy, citing limited upside given the big run already this year. Crypto stocks — Stocks tied to the cryptocurrency plummeted after the trustee for the now defunct Mt. SoftBank Group , Arm Holdings — U.S. shares of SoftBank rose 5.5% after Japanese shares hit their first record high in 24 years on Thursday. Teck Resources — The stock rose more than 2% after Bloomberg reported Thursday that Canada had approved Glencore's $6.9 billion acquisition of Teck's metallurgical coal business.

Persons: Macy's, Stocks, Energy, CleanSpark, Masayoshi, SoftBank, Nio, Zeekr, Li, Emmanuel Papadakis, Teck, Alex Harring, Jesse Pound Organizations: Nvidia, New, Research, Street Journal, Arkhouse Management, Brigade Capital Management, Marathon, SoftBank, Arm Holdings —, Reuters, Francisco Partners, KKR, —, European Union, Li Auto, Novo Nordisk, Novo Nordisk's Ozempic, Deutsche Bank, Harvard Medical, Bloomberg, Getty Locations: SoftBank, Europe, Novo, Teck

☆ Bitcoin plummets as $9 billion Mt. Gox payout begins and government selling adds pressure
▼ + stars: | 2024-07-05 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Gox bitcoin recipients and government wallets. Gox still holds about 140,000 bitcoin and has started to repay creditors and former customers. The sharp decline has been accompanied by a wave of selling by notable bitcoin holders, including the defunct Mt. Fairlead Strategies highlighted $60,000 as a key support level that has since been broken. The decisive breakdown puts bitcoin's next support level target at around $51,500.

Persons: Bitcoin, Gox, —, Blockworks Organizations: Service, Bitcoin, Arkham Intelligence Locations: Mt, Gox, bitcoin, Germany

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin tanks as Mt. Gox begins repaying creditors: 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, Damien Kieran, Worldcoin builder Tools for Humanity's new chief privacy officer, discusses how he plans to work with regulators around the world to address privacy concerns tied to Worldcoin's iris scanning technology.

Persons: Gox, explainers, Damien Kieran Organizations: CNBC Crypto, CNBC

☆ Over $170 billion wiped off cryptocurrencies as market tanks on Mt. Gox bitcoin payout fears
▼ + stars: | 2024-07-05 | by ( Ryan Browne | ) www.cnbc.com time to read: 1 min

Cryptocurrencies plunged on Friday as investors focused on the payout of nearly $9 billion to users of collapsed bitcoin exchange Mt. As of 9:20 a.m. London, time, bitcoin's price slumped more than 6% in 24 hours to hit $54,237.18, its lowest level since late February, according to data from CoinGecko. Rival token ether sank around 10% to $2,869.36. Altogether, the entire cryptocurrency market has shed more than $170 billion in combined market capitalization in the last 24 hours, according to CoinGecko data. This breaking news story is being updated.

Persons: Cryptocurrencies Organizations: CoinGecko Locations: Gox, London

☆ Bitcoin slips on Mt. Gox payouts
▼ + stars: | 2024-07-05 | 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 EmailBitcoin slips on Mt. Gox payoutsHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Brian Sullivan, “ Organizations: CNBC Locations: Mt

☆ Bitcoin slides under $55,000 as Mt. Gox payouts begin
▼ + stars: | 2024-07-05 | by ( Tanaya Macheel | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin slides under $55,000 as Mt. Gox payouts beginCNBC's Tanaya Macheel joins 'Halftime Report' to break down bitcoin's Friday tumble and what it means for bitcoin's near-term price action and supply dynamics.

Persons: Macheel

☆ Stocks making the biggest moves premarket: Macy's, Tesla, Novo Nordisk and more
▼ + stars: | 2024-07-05 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Crypto stocks — Stocks tied to bitcoin price slid after the cryptocurrency dropped 5% to its lowest level since February , with the now defunct Mt. Macy's — Shares of the retailer jumped more than 6% following a Wall Street Journal report that an investor group has hiked its takeout offer. Arkhouse Management and Brigade Capital Management are now offering about $24.80 per share for Macy's, up from $24 previously, the report said. Tesla — The electric vehicle manufacturer popped 2%, marking a continuing comeback after its second-quarter vehicle deliveries number beat analyst estimates earlier this week. Shell — Shares popped 1%.

Persons: Stocks, Energy, CleanSpark, Instructure, Tesla, CNBC's Hakyung Kim, Tanaya Macheel, Sarah Min, Jesse Pound Organizations: Marathon, Francisco Partners, KKR, Reuters, Macy's, Journal, Arkhouse Management, Brigade Capital Management, Novo Nordisk —, Harvard, Novo Nordisk's Ozempic, Deutsche Bank, Shell Locations: Novo, Singapore, Rotterdam

☆ Stock market today: Indexes test record highs as dovish jobs report sends bond yields lower
▼ + stars: | 2024-07-05 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks tested record highs on Friday after the June jobs report sent bond yields tumbling. The US economy added 206,000 jobs in June, but the unemployment rate ticked higher to 4.1%. The higher unemployment rate raised hopes for imminent interest rate cuts from the Federal Reserve. AdvertisementUS stocks tested record highs on Friday after the June jobs report sent bond yields lower. The April jobs report was also revised lower to 108,000 jobs added that month, down from the initial reading of 165,000.

Persons: —, Quincy Krosby, Krosby, Brent, Bitcoin Organizations: Federal Reserve, Service, Federal, Treasury, Manufacturing, PMI Locations: Texas

☆ The AI boom will push America's shaky power grid to its limit
▼ + stars: | 2024-07-04 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

The artificial intelligence boom is straining America's power grid. All three trends have sparked ongoing concerns about the power-hungry nature of new technologies as they push America's shaky power grid to the limit. And with hundreds of millions of users already interacting with AI tools like ChatGPT, the power demand for AI technologies is only set to rise. Bank of America put into perspective the challenges faced by the power grid as it grapples with surging demand from AI data centers. AdvertisementSome eye-opening stats about the US power grid cited by Bank of America include:"The US grid produces 1,250 gigawatts (GW) of electricity from 9,200 generating units.

Persons: Baird, Ted Mortonson, —, Mortonson, Goldman Sachs Organizations: Service, Bank of America, Oracle, Wall Street Journal, Constellation Energy, Xcel Energy, NextEra, Southern Co Locations: Michigan, Pennsylvania, East, NextEra Energy

☆ Investor demand returns to bitcoin despite stagnant price, data shows
▼ + stars: | 2024-07-04 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Crypto investors have been feeling a kind of déjà vu with the sluggish price of bitcoin having barely budged for months now. However, data shows demand for the cryptocurrency has slowly been returning and could soon be reflected in prices. The increase in bitcoin price, however, will depend on growing demand for bitcoin, which usually increases before showing up in prices, he added. "This is typically a high growth rate, so we are already in a high demand growth environment. … Last February-March, prices rallied stronger when demand growth surpassed 6% month-over-month growth."

Persons: Bitcoin, Julio Moreno, Moreno, Nexo, Antoni Trenchev Organizations: CNBC, U.S Locations: U.S

☆ Bitcoin slides to two-month low as Fed signals it's not ready to cut rates yet
▼ + stars: | 2024-07-04 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

A worsening macroeconomic climate and the collapse of industry giants such as FTX and Terra have weighed on bitcoin's price this year. STR | Nurphoto via Getty ImagesBitcoin's price slumped to around $57,000 apiece Thursday, hitting a two-month low after the U.S. Federal Reserve released minutes from its June meeting indicating the central bank isn't yet ready to cut interest rates. Since then, bitcoin has pared losses somewhat and was trading at $57,932.57, down 3.4% as of 5:05 p.m. London time. Higher interest rates are typically less favorable for bitcoin and other cryptocurrencies as it dampens investor risk appetite. ETFs allow investors to buy a product that tracks the price of bitcoin without owning the underlying cryptocurrency.

Persons: bitcoin, Bitcoin, Crypto, CCData Organizations: Getty, U.S . Federal Reserve, Federal Reserve, Securities and Exchange Commission Locations: London, U.S, Gox

☆ Bitcoin's slide under $58,000 could mark a bigger correction to come, analyst says
▼ + stars: | 2024-07-04 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The decline puts bitcoin below its 200-day moving average, which could signal a downturn, FXPro's Alex Kuptsikevich said. Investors are unloading the token as fear mounts of selling pressure from Mt. The fallout extends a three-day drop, as worries mount over impending selling pressure in the market. The decline has now pulled bitcoin below its 200-day moving average, FXPro senior market analyst Alex Kuptsikevich pointed out. But that's adding to fears over selling pressure, as clients may choose to cash their tokens for big gains.

Persons: Bitcoin, Alex Kuptsikevich, —, bitcoin, Kuptsikevich, Fundstrat's Tom Lee, Michael Novogratz Organizations: Investors, Service, Galaxy Locations: Mt, Gox, bitcoin, solana

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