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☆ Ether to soar to $8,000 in 3 years and eventually may hit $35,000, predicts Standard Chartered
▼ + stars: | 2023-10-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

A report out Wednesday argues that the price of the ethereum cryptocurrency may eventually climb as high as $35,000. "Layer 2 scaling solutions … are likely to grow in importance over time, particularly as architecture upgrades expected in early 2024 sharply lower fees on these platforms. ETH.CM= 1Y mountain Ether (ETH) over the past year That valuation assumes future use cases and revenue streams that may not exist yet, Kendrick noted. He highlighted gaming and tokenization of real-world assets as the next big use cases for the network. Standard Chartered expects "significant developments on these fronts by 2025-26," Kendrick said.

Persons: ethereum, Geoff Kendrick, Kendrick, — CNBC's Michael Bloom Organizations: Chartered, ETH Locations: Solana, Cardano, London

☆ Ether heads for a losing week as ETF launch fails to ease regulatory overhang on crypto market
▼ + stars: | 2023-10-06 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Meanwhile, ether is heading for a losing week even after ether futures ETFs began trading, which was expected to be a positive catalyst for the cryptocurrency and digital assets broadly. That represents about 0.2% of the trading volume of bitcoin futures ETFs on their first day of trading, he added. Bitcoin and ether, the "blue chip" coins in the crypto market, are widely seen as high-risk and notoriously volatile assets that sometimes move in tandem with the broader market. Many crypto investors take a longer view on them, however, and may still see them as safe havens. While one group may be concerned that their prices have been stuck this year, the other sees them as resilient in the face of U.S. regulatory uncertainty and rising rates.

Persons: Crypto, Conor Ryder, …, there's, Ryder, David Wells Organizations: Dow Jones, Ethena Labs, ETH, Enclave Markets

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGrayscale files to convert its Ethereum Trust to a spot ETH ETF: 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 talks to insiders who put their trust in FTX before Sam Bankman-Fried's crypto exchange collapsed.

Persons: explainers, Sam Bankman Organizations: ETH, CNBC Crypto, CNBC Locations: FTX

☆ Bitcoin has limited upside in the fourth quarter as the possibility of higher rates casts a shadow over crypto
▼ + stars: | 2023-09-29 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

In the final quarter of the year, bitcoin is likely to see continued chop and although there's room for some upside, it may be limited. Despite this, it remains on pace for an 11% decline in the third quarter, historically a weaker quarter for the cryptocurrency. Meanwhile, holding a non-yielding asset like gold or bitcoin could become "less interesting" as rates go higher, Amberdata's Magadini said. There's a significant crowd on both sides, Cox said – "that's why bitcoin is up 60% in a year when the Fed has hiked interest rates so aggressively." The answer to that depends on interest rates, which will probably stay high."

Persons: Bitcoin, bitcoin, Greg Magadini, Rob Ginsberg, wouldn't, haven't, Callie Cox, That's, Amberdata's Magadini, Cox Organizations: SEC, –, Wolfe Research, Fed

☆ Japanese researchers say they used AI to try and translate the noises of clucking chickens and learn whether they're excited, hungry, or scared
▼ + stars: | 2023-09-21 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Researchers think they've found a way to use AI to translate the clucks of chickens. The Japanese researchers said their AI system could help understand chickens' emotional state. The AI system is based on a technique the researchers called "Deep Emotional Analysis Learning," which can adapt to changing vocal patterns. The study found that the system was capable of translating "various emotional states in chickens, including hunger, fear, anger, contentment, excitement, and distress." The system was able to achieve surprisingly high accuracy in identifying the birds' emotional states, the study found.

Persons: they've, they'd, Adrian David Cheok, Cheok Organizations: Service, University of Tokyo, New York, University of Copenhagen, ETH Zurich, National Research Institute for Agriculture, Food, Environment Locations: Wall, Silicon, Japan

☆ Remember when NFTs sold for millions of dollars? 95% of the digital collectibles are now probably worthless.
▼ + stars: | 2023-09-20 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Most NFTs are now likely worthless, less than two years after a massive bull run in the digital collectibles. A new study found 95% of over 73,000 NFT collections have a market cap of 0 ETH. Out of 73,257 NFT collections, 69,795 of them have a market cap of zero ether, based on data provided by NFT Scan and CoinMarketCap. In 2021 and 2022, the NFT market saw a huge bull run, at one point leading to $2.8 billion in monthly trading volume. Out of the top 8,850 collections by market cap, 18% are worthless, and 41% are priced at $5-$10.

Persons: dappGambl, Stephen Curry, Snoop Dogg, bitcoin Organizations: Service Locations: Wall, Silicon

☆ It’s been one year since the Ethereum merge. Here’s how the network is doing on its goals.
▼ + stars: | 2023-09-17 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +6 min

Despite ether's recent price action, the network has been thriving since the "merge" – and could just be getting started. Still, market participants are seeing and feeling the success of the Ethereum merge. Here's how Ethereum is doing on some of its post-merge goals: Yields Ether's staking reward reference rate was 5.854% per annum on Sept. 15, 2022, according to Ethereum data provider Beaconchain. The percentage of ether supply being staked has risen from 11.99% on Sept. 15, 2022, to 20.46% on Aug. 30 of this year. Burning fees and decreasing supply Ethereum has a mechanism programmed in to regulate the network's notoriously high transaction fees, called gas fees, by "burning" them.

Persons: Ethereum, it's, Ethereum haven't, Matthew Sigel, Andrew Ballinger, hadn't, Maria Shen, Shen, It's Organizations: Metrics, First, ETH, Electric Locations: Bitcoin, FTX, First Republic, Shanghai, ETH, Solana, Cardano

“With us, you know what you get, which is rare nowadays!” Alexandre Edelmann, head of Presence Switzerland, a government agency that promotes the country abroad, says in an email. “People love our country without always knowing why,” says Jacques Pitteloud, Switzerland’s ambassador to the U.S. and a veteran diplomat. We are constantly leading the pack in terms of innovation.”This is evident in the prominent role Switzerland plays in some key areas of the global economy. Acknowledging "the elephant in the room," Pitteloud says Switzerland and the EU have "a complex relationship." And as a relatively small, landlocked country in which many areas are difficult to inhabit due to terrain, Switzerland is facing challenges related to population and resources.

Persons: Roger Federer, Philippe, –, Alexandre Edelmann, ”, Jacques Pitteloud, Pitteloud, ” Delphine Donné, Ruag, yearslong, ” Georg Klingler, Donné Organizations: Wimbledon, U.S . News, European Union, Bank, Presence Switzerland, Nestle, Roche, Novartis, Atlas, Logitech, ETH Zurich, Zurich University of Applied Sciences, EU, Greenpeace, Associated Press Locations: Switzerland, Europe, U.S, Swiss, France, China, Canada, Lausanne, Ukraine, Greenpeace Switzerland

☆ Bitcoin and crypto are about to embark on a 'much stronger fundamental' rally, Bernstein predicts
▼ + stars: | 2023-09-05 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

"The existing crypto market remains a low liquidity market, with limited new capital entering the space. Investors remain optimistic about the recent developments and what they could mean for the crypto market over the long term, however. The agency for years has maintained that various attempts at a bitcoin ETF didn't satisfy concerns about fraud and manipulation in the market. The ruling shot that down, noting that "bitcoin futures prices are ultimately based on spot market prices." "The industry push for Ethereum spot ETF follows immediately after, given ETH also has a similar market structure of a traded CME futures market ( > 2 years) and a spot market," he added.

Persons: Bernstein, Gautam Chhugani, bitcoin, Chhugani, Michael Bloom Organizations: U.S . Securities, Exchange Commission, U.S ., Appeals, SEC, ETH, BTC Locations: U.S, Solana

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitstamp to halt ETH staking service in the U.S., citing regulatory environment: 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, Guy Young of Ethena Labs discusses the platform's upcoming stablecoin that doesn't rely on banks.

Persons: explainers, Guy Young Organizations: ETH, CNBC Crypto, CNBC, Ethena Labs Locations: U.S

☆ How climate change drives heatwaves and wildfires in Europe
▼ + stars: | 2023-08-17 | by ( Kate Abnett | ) www.reuters.com time to read: +5 min

Here's how climate change drives these events. FINGERPRINTS OF CLIMATE CHANGETo find out exactly how much climate change affected a specific heatwave, scientists conduct "attribution studies". CLIMATE CHANGE DRIVES WILDFIRESClimate change increases hot and dry conditions that help fires spread faster, burn longer and rage more intensely. The study found that human-induced climate change played an absolutely overwhelming role in the extreme heatwaves that swept across North America, Europe and China in July. But scientists concur that without steep cuts to the greenhouse gases causing climate change, heatwaves, wildfires, flooding and drought will significantly worsen.

Persons: Alexandros Avramidis, Friederike Otto, Sonia Seneviratne, Seneviratne, Rhodes, Copernicus, Mark Parrington, Victor Resco de, Kate Abnett, Gloria Dickie, Katy Daigle, Barbara Lewis, Josie Kao, Jonathan Oatis Organizations: Firefighters, REUTERS, Rights, United Nations, Imperial College London, ETH Zurich, Union, Spain's Lleida University, Thomson Locations: Sesklo, Greece, Europe, Spain, France, Netherlands, Paris, North America, China, Victor Resco de Dios

☆ AI Scams, Spam, Hacking, Are Ruining the Internet
▼ + stars: | 2023-08-08 | by ( Shubham Agarwal | ) www.businessinsider.com time to read: +14 min

A report from Europol expects a mind-blowing 90% of internet content to be AI-generated in a few years. A report from Europol, the European Union's law-enforcement agency, expects a mind-blowing 90% of internet content to be AI-generated in a few years. And while AI bots have telltale signs now, experts indicate that they will soon get better at mimicking humans and evading the detection systems developed by Menczer and social networks. While misinformation has long been a problem with the internet, AI is going to blow our old problems out of the water. But security researchers have discovered that the AI bots in your apps and devices might steal sensitive information for the hackers.

Persons: HBO Max, haven't, ChatGPT, Christian Selig, Reddit, Martijn Pieters, He'd, NewsGuard, Gordon Crovitz, NewsGuard's, Filippo Menczer, NewsGuard's Crovitz, Christopher Cowell, Cowell, John Licato, Bing, Florian Tramèr, Toby Walsh, Walsh, Shubham Agarwal Organizations: HBO, Europol, Market, Indiana University's Observatory, Social Media, Facebook, Microsoft, Google, University of South, ETH Zürich, University of New, University of Oxford, Wired, Company Locations: Cambridge, Europol, Portland , Oregon, Etsy, University of South Florida, University of New South Wales, Ahmedabad, India

☆ Here are Wednesday's biggest analyst calls: Apple, Coinbase, Meta, Advanced Micro Devices, SoFi & more
▼ + stars: | 2023-08-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are Wednesday's biggest calls on Wall Street: Citi upgrades Advanced Micro Devices to buy from neutral Citi upgraded the chipmaker after its better than expected earnings report. Citi reiterates Home Depot as buy Citi said it's standing by its buy rating on the stock heading into earnings later this month. " Goldman Sachs reiterates SolarEdge as buy Goldman said it's standing by its buy rating on SolarEdge after its earnings report on Wednesday. "We maintain our Underperform rating as we remain concerned regarding the long-term prospects of the space tourism market. Needham reiterates Meta as underperform Needham said it's standing by its underperform rating on the stock.

Persons: Canaccord, Baird, Harry Sommer, BTIG, Wolfe, William Blair downgrades Bloomin, William Blair, Goldman Sachs, SolarEdge, Goldman, Bernstein, Uber, DJ Khaled, Mizuho, SoFi, SOFI, Rosenblatt, it's, Pinterest, Needham, underperform Needham Organizations: Citi, Devices, AMD, JPMorgan, Apple, Services, Oshkosh, Susquehanna, Mizuho, Bank of America, Virgin Galactic, underperform Bank of America, Meta Locations: 3Q23, Oshkosh, Norwegian

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

☆ Coinbase shares can rally more than 40% as crypto industry sees legal wins, Canaccord Genuity says
▼ + stars: | 2023-08-01 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Canaccord Genuity sees a stronger future for Coinbase , doubling its price target on the company on the back of some wins for the crypto industry. The ruling places "further doubt" on the argument of the SEC's case against Coinbase, Vafi said. Coinbase reported earlier this year first-quarter revenue that was up 22% from the prior quarter. The crypto exchange's subscription and services revenue also came in at par with its trading revenue. Shares of Coinbase have gained more than 23% this month and are up nearly 194% year to date.

Persons: Canaccord Genuity, Joseph Vafi, Coinbase, Vafi, — CNBC's Michael Bloom Organizations: Coinbase, BTC, SEC, ETH

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

☆ EtherFi CEO explains platform's NFT collection backed by staked ETH
▼ + stars: | 2023-07-14 | by ( Talia Kaplan | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEtherFi CEO explains platform's NFT collection backed by staked ETHEtherFi 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: platform's, Mike Silagadze, EtherFi Organizations: ETH, CNBC Crypto

☆ Justin Bieber's Bored Ape NFT was valued at $1.3 million in 2022—now it's only worth around $60,000
▼ + stars: | 2023-07-07 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +3 min

But today, prices for Bored Ape Yacht Club NFTs, one of the most popular collections, has crashed to a two-year low. Take one Bored Ape NFT owned by Justin Bieber, for example: It has declined in value by about 95% over the past year and a half. In January 2022, the Grammy award-winning music artist entered the world of NFTs by allegedly dropping 500 ETH (around $1.3 million at the time) on Bored Ape #3001, an NFT belonging to Yuga Labs' Bored Ape Yacht Club (BAYC) collection. But as of July 2023, Bieber's Bored Ape is only worth around $59,000, according to Bitcoinist. Basketball star Stephen Curry purchased Bored Ape #7990 for 55 ETH (nearly $180,000 at the time) on Aug. 28, 2021.

Persons: Justin Bieber, Stephen Curry, Madonna, It's, Bieber, Curry, DappRadar's, Warren Buffett Organizations: Labs, ETH, Los Angeles Times Locations: That's

☆ Swiss voters approve new climate law as country's glaciers melt
▼ + stars: | 2023-06-19 | by ( Laura Paddison | ) edition.cnn.com time to read: +3 min

CNN —Swiss voters have approved a new law to cut the use of fossil fuels and significantly reduce levels of planet-heating pollution, as the country faces alarming levels of glacier melt. “These fossil fuels will not be available indefinitely and they place a heavy burden on the climate,” a statement on the Swiss government website said Sunday. The Swiss population sends out a strong signal: the law for bringing the country to net zero emissions was accepted today! A climate law was first introduced back in 2021, including measures to increase taxes on activities that produce high levels of planet-heating pollution, such as flying and driving gas-powered cars. This current climate bill was proposed as a response to the Glacier Initiative, set up by the Swiss Association for Climate Protection, which pushed for an end to fossil fuels in order to save the country’s glaciers.

Persons: André, R2O5BIk9xE — Matthias Huss, there’s, ”, Matthias Huss, ” Huss Organizations: CNN — Swiss, Swiss, Twitter, Glacier Initiative, Swiss Association for Climate Protection, ETH Zurich, CNN, Meteorological Organization Locations: Switzerland, Swiss

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

☆ Here are Monday's biggest analyst calls: Apple, Tesla, Meta, Micron, Bowlero, Nike, Disney and more
▼ + stars: | 2023-06-05 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Oppenheimer reiterates Meta as outperform Oppenheimer raised its price target on the stock to $350 per share from $285 and said it's well-positioned. Deutsche Bank upgrades Rio Tinto to buy from hold Deutsche Bank said shares of the metals and mining company are very attractive. Morgan Stanley reiterates Disney as overweight Morgan Stanley lowered its price target on the stock to $110 from $120 but said it's standing by the shares. " Morgan Stanley downgrades Dollar General to equal weight from overweight Morgan Stanley said in its downgrade of Dollar General that it sees too many risks right now. Morgan Stanley upgrades Equitrans Midstream to overweight from underweight Morgan Stanley said the energy company is better positioned after the debt ceiling raise.

Persons: Tesla, Canaccord, Oppenheimer, it's, TD Cowen, Cowen, Bernstein, it's bullish, Needham, Coinbase, Morgan Stanley, Disney, KeyBanc, Jefferies, Wolfe, Wells, Wells Fargo, Estee Lauder, Morgan Stanley downgrades, Equitrans, Stifel, Brett Parker, JPMorgan Chase Organizations: U.S, Formula, Deutsche Bank, Rio Tinto, Disney, Media, Target, Costco, Jefferies, Oracle, Palo Alto Networks, Alpha, Citi, Micron, Wells Fargo, Nike, Bank of America, Apple, of America, Pipeline, Barclays, Meta, JPMorgan Chase, JPMorgan Locations: China, Rio, Lido, Binance, Palo, SKX

☆ 'He lied to us about what he was doing and who he was': Anthony Scaramucci reflects on the top 3 lessons he wants all investors to learn from his experience with Sam Bankman-Fried.
▼ + stars: | 2023-05-19 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

Anthony Scaramucci's investment firm SkyBridge Capital had a rough run in 2022 after being burned by the collapse of the bankrupt crypto exchange FTX. Scaramucci told Insider that the amount of leverage in the system and the tax-loss selling in December depressed their overall performance. Still, there are spillover effects — and lessons — from last year's debacle with FTX that Scaramucci and SkyBridge are working through. Lessons learned from the FTX debacleLast year, Sam Bankman-Fried through FTX, the crypto exchange he founded, bought 30% of SkyBridge for $45 million. And finally, as the majority shareholder of the firm, Scaramucci holds the right of refusal to reject any transfer of the shares.

☆ It’s been a month since the big Shapella upgrade. Here’s how Ethereum has changed since then
▼ + stars: | 2023-05-16 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

A little over a month ago, Ethereum underwent a major technology upgrade that allowed investors to withdraw their "staked," or locked up, coins on the network for the first time ever. The change, known as Shanghai or Shapella, was meant to bring more liquidity to the network by allowing investors to withdraw their staked assets. The total value of ether staked has risen, while the supply has fallen dramatically. Here's what else has happened in the month since Shapella: 1. So far, however, ETH fees have outpaced the growth in the amount of ether staked, leading to higher yields, he said.

☆ Ether rallies more than 6% as meme mania tries to reenter the crypto market
▼ + stars: | 2023-05-05 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Market participants put the move on attempts to bring meme mania back to the crypto market. Pepecoin (PEPE), based on the Pepe the Frog internet meme, is up more than 120% over the past 24 hours, CoinMarketCap said. Ethereum gas fees have been revived by the return of memecoins, just today hitting 1-year highs." "As gas fees increase, more ETH is burned, and at current activity levels ETH is a deflationary asset, which should help boost ETH's price," Ryder added. "In the last 24 hours, trading volumes for PEPE on Uniswap have surpassed the volumes of Tether and Wrapped Bitcoin, some of the highest volume tokens on the exchange."

☆ Bitcoin could rally 30% in the next month after sleepy start to May trading, says Canaccord Genuity chart analyst
▼ + stars: | 2023-05-05 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Crypto prices were a little sleepy to kick off the first week of May, but investors remain confident in its long-term up trend, and charts show there could be another short-term crypto rally underway, according to Canaccord Genuity. Bitcoin is on pace to end the week up less than 1%, according to Coin Metrics. Meanwhile, ether is looking to notch a 4% gain on the week, thanks in part to its meme-driven rally Friday . Bitcoin and ether ended April higher by 3.3% and 4.3%, respectively. However, there could be a two- to four-week rally underway in both bitcoin and ether , with upside potential of about 32% and 12% from current levels, respectively, Canaccord chart analyst Javed Mirza said in a note Thursday.

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