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Crypto plunges amid broader market sell-off
  + stars: | 2024-08-05 | by ( Mackenzie Sigalos | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrypto plunges amid broader market sell-offCNBC's Mackenzie Sigalos reports on the latest regarding cryptocurrency prices.
Persons: Crypto, CNBC's Mackenzie Sigalos
The cryptocurrency market plummeted in value on Sunday, as investors continued selling out of risky assets. Led by a drop of 11% in bitcoin in the past 24 hours and a 21% plunge in ether, the overall value of cryptocurrencies sank by about $270 billion, according to CoinGecko data. The selloff in the crypto market coincided with a broader slide in equities in Asia-Pacific markets. The latest crypto wipeout will be felt by a broader base of investors after the SEC this year approved new spot exchange-traded funds for bitcoin and ether. WATCH: Bitcoin swings amid broad market selloff
Persons: Bitcoin, It's, Binance's, Morgan Stanley Organizations: Nikkei, Bank of Japan, Nasdaq, Nvidia, U.S . Federal, solana, SEC, CNBC, Wall Locations: bitcoin, Asia, Pacific, U.S, freefall, China, Taiwan, India, Australia
Block beat on profit in its second-quarter earnings report on Thursday. Earnings per share: 93 cents adjusted vs. 84 cents expected93 cents adjusted vs. 84 cents expected Revenue: $6.16 billion vs. $6.28 billion expectedBlock, formerly known as Square, posted $2.23 billion in gross profit, up 20% from a year ago. Analysts tend to focus on gross profit as a more accurate measurement of the company's core transactional businesses. The Cash App business, the company's popular mobile payment platform and a significant contributor to overall profitability, reported $1.3 billion in gross profit, a 23% year-over-year jump. The company raised its full-year guidance for gross profit, adjusted earnings and adjusted operating income.
Persons: Jack Dorsey, Block, Dorsey, Nick Molnar Organizations: LSEG, Twitter
Bitcoin 2024 attendee wears "Make Bitcoin Great Again" baseball cap. Trump said on Saturday that his campaign has raised $25 million from the crypto industry since it began accepting cryptocurrency donations in May. "Make Bitcoin Great Again" hats displayed for sale at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Saturday, July 27, 2024. "The rules will be written by people who love your industry, not hate your industry," Trump declared that afternoon in the main auditorium as he warmed up the crowd. As Riot's Les put it, "I think the core message that we communicated to President Trump was, 'This is your industry leadership group.
Persons: Donald Trump, Jon Cherry, Donald Trump White, Tyler, Cameron Winklevoss, Paul Grewal —, David Sacks, Cantor Fitzgerald, Howard Lutnick, Cynthia Lummis, Bill Hagerty, Marsha Blackburn, Vivek Ramaswamy —, Kid Rock, Billy Ray Cyrus, Jason Les, Fred Thiel, Zach Bradford, Chris Cook, Amanda Fabiano, Michael Saylor wasn't, Saylor, Trump, That's, Donald Trump's, Les, he's, litigator, Tracy Hoyos, Cyrus strummed, " Hoyos, López, Hoyos, Cyrus, López Trump, Marathon's Thiel, Thiel, David Bailey, Bailey, Sen, Elizabeth Warren, Gary Gensler —, Kamala Harris, Cook, Saturday's, CleanSpark's Bradford, Riot's Les, indoctrinating, Bradford, they've, It's, we're Organizations: Republican, Getty, Music City Center, GOP, Gemini, Trump, U.S ., State Department, Marathon Digital Holdings, CNBC, Music City, Riot, Attorney, Bitcoin, BTC Inc, U.S . Securities, Exchange, US, Bloomberg, indoctrinating Trump, Industry, Mar Locations: Nashville , Tennessee, San Francisco, Nashville, Mar, Lago, U.S, San Bernardino County, López
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Persons: fryer, , I'm Organizations: Costco, Service, Business
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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrump stops short of delivering crypto monetary policy commentary during Bitcoin 2024 keynoteCNBC's Mackenzie Sigalos reports on news from Bitcoin 2024 in Nashville.
Persons: Mackenzie Sigalos Organizations: Trump Locations: Nashville
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRep. Ro Khanna says he advised Kamala Harris' team about cryptoRep. Ro Khanna (D-Calif.) sits down with CNBC Crypto World from the crypto conference Bitcoin 2024 in Nashville, Tennessee to discuss crypto regulation and Democrats' stance on digital assets.
Persons: Ro Khanna, Kamala Harris Organizations: CNBC Locations: Nashville , Tennessee
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin rising after Donald Trump's keynote to Nashville industry conferenceCNBC's MacKenzie Sigalos reports on the former president's promises on bitcoin and the push by Democrats to lay out a clear agenda on crypto as the fintech voting bloc because a bigger part of the conversation in the 2024 presidential race.
Persons: Donald Trump's, CNBC's MacKenzie Sigalos Locations: bitcoin
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Read previewMelinda French Gates and MacKenzie Scott have a lot in common besides once having been married to a billionaire tech titan. French Gates revealed in an interview with The New York Times published Sunday that she and Scott share similar parenting styles. French Gates told The Times that she and her then-husband, Bill Gates, didn't want their children to grow up spoilt and entitled. Both French Gates and Scott have gone all in with their activism and philanthropy after divorcing their ex-husbands, Bill Gates and Jeff Bezos respectively. AdvertisementRepresentatives for French Gates and Scott did not immediately respond to requests for comment from Business Insider sent outside regular business hours.
Persons: , Melinda French Gates, MacKenzie Scott, Gates, Scott, Bill Gates, didn't, French Gates, MacKenzie, It's, Jeff Bezos, I've, — Elon, Musk, Joe Biden, Kamala Harris, Biden Organizations: Service, The New York Times, Times, Business, The Times, Democratic, Business Insider Locations: French
"For too long our government has violated the cardinal rule that every bitcoiner knows by heart: Never sell your bitcoin," Trump said at this year's Bitcoin Conference in Nashville. Kennedy went further than Trump, promising to establish a 4 million bitcoin strategic reserve to match the country's current stake in gold, some of which is held near the military base at Fort Knox. But Trump's reservation speaks to the complications of promising a bitcoin strategic reserve on par with the gold standard. An executive order would not be enough to bring a U.S. bitcoin reserve into existence. That existing bitcoin stockpile could act as the foundation for the bitcoin strategic reserve, which the U.S. government would build on by regularly buying a certain number of bitcoin.
Persons: Donald Trump, Marco Bello, Trump, Trump's, didn't, Tyler, Cameron Winklevoss, Kid Rock, Cynthia Lummis, Bill Hagerty, Marsha Blackburn, Robert F, Kennedy Jr, Kennedy, bitcoin, Sen, Lummis, Per Sen, Joe Biden, Kamala Harris, Fred Thiel Organizations: Reuters NASHVILLE —, Republican, U.S . Marshals Service, Trump, U.S . Treasury, Bitcoin Conference, Saturday, Wyoming, U.S, Treasury Department, House, Independents, Democratic, U.S . Securities, Exchange Commission, U.S . Locations: Charlotte , North Carolina, U.S, Nashville, United States of America, Germany, Fort Knox, Washington, United States, bitcoin
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It is also quite the about-face by the Republican presidential nominee. The Republican presidential nominee will also host an accompanying fundraiser in Nashville, with tickets topping out at $844,600 . Bitcoin 2024 conference organizers say they were briefly in talks to have Vice President Kamala Harris appear at the conference, though she ultimately declined. "I think we're going to hear from Vice President Harris soon on this. Harris' team has already begun to reach out to people close to crypto companies to set up meetings, the Financial Times reported on Saturday.
Persons: Donald Trump, Joe Biden's, David Bailey, Trump, NASHVILLE —, bitcoin, Fox, I've, Harris, Wiley Nickel, Nickel, Kamala Harris, Mark Cuban, we've Organizations: Van, Trump, Republican, BTC Inc, NASHVILLE, Republican Party, Biden, Democratic Party, Democratic, North Carolina, CNBC, Financial Times Locations: Grand Rapids , Michigan, America, Nashville, Washington, North
Opinion | Campaign Advice for Kamala Harris
  + stars: | 2024-07-26 | by ( ) www.nytimes.com   time to read: 1 min
To the Editor:Democrats’ weak spot has always been their reluctance to fight. Much of this country sees Donald Trump as their hero because they like his combative, vulgar style. What Kamala Harris must do now and throughout the campaign is to be aggressive — a bulldog, a street fighter with brains, the “go for the jugular” prosecutor. No mercy when it comes to showing this country what a lying criminal Mr. Trump is. MacKenzie AllenSanta Fe, N.M.To the Editor:I will excitedly support and vote for Kamala Harris if she becomes the Democratic nominee for president.
Persons: Donald Trump, Kamala Harris, Trump, Harris, MacKenzie Allen Santa Organizations: Democratic Locations: MacKenzie Allen Santa Fe
Trump to headline major bitcoin conference
  + stars: | 2024-07-26 | 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 EmailTrump to headline major bitcoin conferenceCNBC's MacKenzie Sigalos joins 'Closing Bell Overtime' to talk the year's biggest bitcoin conference and what's on the agenda.
Persons: CNBC's MacKenzie Sigalos Organizations: Trump
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin bounces back above $67,000, while ether drops more than 7% for the week: 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, CNBC Crypto World spoke with Robert Mitchnick, BlackRock's head of digital assets, about crypto ETFs and Senator Bill Hagerty of Tennessee about crypto regulation from Bitcoin 2024 in Nashville.
Persons: explainers, Robert Mitchnick, Bill Hagerty Organizations: CNBC Crypto, CNBC Locations: Tennessee, Nashville
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. has 'massive job' ahead with respect to crypto regulation: Tennessee Sen. Bill HagertyUnited States Senator Bill Hagerty of Tennessee sat down with CNBC Crypto World from Bitcoin 2024 in Nashville to discuss digital asset regulation in the U.S. and how he feels about the crypto conference taking place in Nashville this year after years of being held in Miami, Florida.
Persons: Tennessee Sen, Bill Hagerty Organizations: Tennessee, CNBC Locations: Tennessee, Nashville, U.S, Miami , Florida
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin surges as namesake conference welcomes Donald Trump to NashvilleCNBC's MacKenzie Sigalos reports from Nashville on the newly formed alliance between the Republican presidential nominee and the crypto voting bloc.
Persons: Donald Trump, Nashville CNBC's MacKenzie Sigalos Organizations: Nashville, Republican Locations: Nashville
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlackRock's head of digital assets discusses whether asset manager will explore other crypto ETFsCNBC Crypto World speaks with Robert Mitchnick, BlackRock's head of digital assets, about crypto ETFs from Bitcoin 2024 in Nashville.
Persons: Robert Mitchnick Organizations: CNBC Locations: Nashville
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin 2024 conference underway: Here's what to knowCNBC’s MacKenzie Sigalos joins 'Squawk on the Street' to discuss the latest developments at the Bitcoin 2024 conference in Tennessee.
Persons: CNBC’s MacKenzie Sigalos Locations: Tennessee
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin sinks to $64,000 level alongside tech stock rout: 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, CNBC Crypto World provides an inside look at the crypto conference Bitcoin 2024 in Nashville, Tennessee.
Persons: explainers Organizations: CNBC Crypto, CNBC Locations: Nashville , Tennessee
Bitcoin 2024 kicks off: Regulation and politicians in focus
  + stars: | 2024-07-25 | 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 2024 kicks off: Regulation and politicians in focusCNBC’s MacKenzie Sigalos joins 'Power Lunch' to discuss Bitcoin 2024 and the intersection of politics with the sector.
Persons: CNBC’s MacKenzie Sigalos
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
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