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In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrypto PAC money backs Utah Senate candidate and others across U.S.CNBC's MacKenzie Sigalos reports on the millions of dollars spent by crypto interest groups in the 2024 election to elect industry-friendly candidates nationwide.
Persons: CNBC's MacKenzie Sigalos Locations: Utah
"It was for the ETF wrapper," she told CNBC on stage at the Permissionless Conference in Utah. The total market cap of all eleven spot bitcoin ETFs now tops $63 billion, with total flows of nearly $20 billion. Of the 80% of direct investors, Cohen told CNBC that 75% had never before owned an iShare, one of the best-known and largest ETF providers on the planet. "As it turns out, we have done a lot of education of crypto investors on the benefits of the ETP wrapper." Before the U.S. Securities and Exchange Commission green-lit spot bitcoin funds in January, investors had a few ways to buy and custody cryptocurrencies.
Persons: Samara Cohen, Cohen, Bitcoin, Coinbase, bitcoin ETPs Organizations: BlackRock, CNBC, Permissionless Conference, U.S . Securities, Exchange Commission Locations: U.S, Utah, Wall
Donald Trump's crypto project, World Liberty Financial, published a 13-page document on Thursday, describing its mission, how tokens can be allocated, and indicating that the Republican presidential nominee and his family could take home 75% of net revenue. The paper released on Thursday shows that Trump and his family assume no liability. Folkman previously had a company called Date Hotter Girls and reportedly helped develop crypto project Dough Finance. Folkman previously said just 20% of WLF's tokens would be allotted to the founding team, which includes the Trump family. The paper calls Trump the "chief crypto advocate."
Persons: Donald Trump, Donald Trump's, WLF, Trump, Kamala Harris, Chase Herro, Zachary Folkman, Folkman, Herro, Steve Witkoff, Zachary, Crypto Organizations: Liberty, Republican, Trump, who's, DEFI, Management, Finance, AMG, Fi Locations: Nashville , Tennessee, U.S, Delaware, Puerto Rico
The price of bitcoin neared $68,400 on Wednesday, reaching its highest level since July and sparking a rally across the crypto sector. Bitcoin is up more than 9% over the last week and ether is up about 7%. Other popular coins have also rallied, with solana up close to 10% in the past seven days and and dogecoin up 15%. Digital asset exchange Coinbase climbed almost 7% on Wednesday, bringing its three-day rally to 19%. Bitcoin miners Marathon Digital and Riot Platforms also moved higher on Wednesday.
Persons: bitcoin, Coinbase Organizations: solana, Marathon
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMastercard and Stellar partner for customer verificationCNBC 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.
Persons: explainers Organizations: Mastercard
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrump’s coin sale misses targets as crypto project’s website crashesCNBC's Mackenzie Sigalos joins 'Squawk Box' with the latest news on former President Trump's new crypto project.
Persons: CNBC's Mackenzie Sigalos, Trump's
Solid-state batteries have long been billed as the "holy grail" of sustainable driving. As the name suggests, solid-state batteries contain a solid electrolyte, made from materials such as ceramics. Automakers have invested billions of dollars in solid-state battery research and teamed up with developers to produce their own versions for mass production. Tomohiro Ohsumi | Getty Images News | Getty ImagesJapan's Toyota, for instance, has said it is aiming to bring solid-state batteries into mass production between 2027 and 2028. Yet, despite growing hype over the potential rollout of solid-state batteries, analysts remain skeptical about when they will actually make it to market.
Persons: Tomohiro Ohsumi, Japan's Nissan, Germany's Mercedes, Max Reid, Wood Mackenzie, Reid, Wood Mackenzie's Reid, Julia Poliscanova, Poliscanova, Nio, Ganfeng, Environment's Poliscanova Organizations: Afp, Getty, Toyota Motor Corp, Benz Group, Stellantis, Hyundai, Kia, Environmental Defense Fund, CNBC, Transport, Environment, Paris, Show, Qingtao Energy Locations: Nanjing, China's, Jiangsu, PARIS, France, Tokyo, Japan, U.S, China
World Liberty Financial — which bills itself as a crypto bank where customers will be encouraged to borrow, lend and invest in digital coins — began its token sale on Tuesday morning. On Monday, project co-founder Zachary Folkman bragged in a pre-launch stream on X that "well over 100,000 people" were whitelisted to invest. "However, these numbers are just, in my opinion, unheard of, and I think we're setting all sorts of new records in crypto." The platform says, so far, it has sold more than 788 million tokens at $0.015 per token. That is less than 4% of the 20 billion tokens made available for public sale and amounts to around $11.8 million, still well off the $300 million fundraising target.
Persons: It's, Donald Trump, Zachary Folkman, Folkman, WLF Organizations: Liberty, Trump
Adam Gray | Afp | Getty ImagesA political action committee supporting former President Donald Trump has raised about $7.5 million in cryptocurrencies. The PAC said the latest filing covered donations in the period of July 1 through Sept. 30, but numbers included cumulative contributions. At least 18 donors gave more than $5.5 million in bitcoin to Trump 47, the filing shows. Trump said in his keynote that his campaign had raised $25 million from the crypto industry, though he didn't specify the split between digital tokens and dollar donations. Among the new donors is Chase Herro, one of the co-founders of the Trump family's new crypto project World Liberty Financial.
Persons: Eric Trump, Donald Trump, Donald Trump , Jr, Adam Gray, Andreessen Horowitz, Lockheed Martin, David Bailey, bitcoin . Bailey, indoctrinated Trump, Trump, Chase Herro, Mike Belshe, Brian Murray, Craft, David Sacks, Trevor Traina, Bruce Fenton, Gary Cardone, Stuart Alderoty, Alderoty, Sacks, Chris Larsen, Kamala Harris, Forward, Larsen, Gary Gensler, Biden, Marvin Ammori, Tyler, Cameron Winklevoss Organizations: Republican, World Trade, Afp, Getty, Trump, U.S, GOP, PAC, Public Citizen, Lockheed, Duthie Power Services, Esperanza Entertainment, BTC Inc, Liberty Financial, Craft Ventures, Kresus Labs, Chainstone, Cardone Digital Ventures, CNBC, White, SEC, Biden, Harris Locations: New York City, cryptocurrencies, Puerto Rico, bitcoin ., Nashville, bitcoin, XRP, San Francisco, Harris, Bay
In total, Larsen has given around $1.9 million to support Harris' campaign directly and through PACs, according to FEC data compiled by crypto market and blockchain analyst James Delmore and independently verified by CNBC. Nearly half of all the corporate money flowing into the election has come from the crypto industry, according to a recent report from the nonprofit watchdog group Public Citizen. "What we've had to date has been almost like purposeful chaos by Gensler to kind of crush the domestic industry," Larsen said. Horowitz said that he and his wife, Felicia, "have known Vice President Harris for over 10 years and she has been a great friend to both of us during that time." On Monday, the Harris campaign unveiled its "Opportunity Agenda for Black Men" in a report.
Persons: Chris Larsen, Donald Trump's, Chris Larsen isn't, Ripple, Kamala Harris, Larsen, who's, Harris, he's, Biden, " Larsen, isn't, James Delmore, that's, Evelyn Hockstein, Andreessen Horowitz, Trump, keynoted, Josh Shapiro, John Deaton, Massachusetts Republican who's, Democratic Sen, Elizabeth Warren, Nancy Pelosi, Gary Gensler, Brad Garlinghouse, Marvin Ammori, Skybridge Capital's Anthony Scaramucci, Scaramucci, Warren, Ben Horowitz, Marc Andreessen, Horowitz, Felicia, Delmore Organizations: YouTube, White, CNBC, Biden, Democratic, Harris, Fund, Forbes, Public Citizen, U.S, Erie International Airport, Democratic Pennsylvania Gov, Massachusetts Republican, Nancy Pelosi Victory Fund, Biden PAC, SEC, Trump, Ripple, White House, Sen Locations: Bay, Erie , Pennsylvania, U.S, Nashville , Tennessee, Massachusetts, Washington ,, New York
Donald Trump's new crypto project is off to a rough start. But WLF's website suffered regular and lengthy outages for much of the morning and early afternoon, contributing to a limited number of sales. That's less than 3% of the 20 billion tokens made available for public sale. Over the course of the day, the website frequently showed a page saying, "We are under maintenance." The glitchy launch is a potential setback to the Republican presidential nominee with just three weeks until the election.
Persons: Donald Trump, Donald Trump's, Zachary Folkman, WLF didn't, Trump Organizations: White, Washington , D.C, Liberty, Etherscan, Republican Locations: Washington ,
Trump's token launch misses early targets
  + stars: | 2024-10-15 | 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 EmailTrump's token launch misses early targetsCNBC 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.
Persons: explainers Organizations: CNBC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrump-backed crypto token launches, but questions around its utility remain: 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, Kathleen Breitman of Tezos discusses the launch of the Trump-backed crypto project, World Liberty Financial. Plus, Carlos Domingo of Securitize details a new partnership to allow conversions of USDC on BlackRock's BUIDL platform.
Persons: explainers, Kathleen Breitman, Tezos, Carlos Domingo Organizations: Trump, CNBC Crypto, CNBC, Liberty Financial
Home prices have soared in the last decade, so buyers get less for their money than they once did. Here are 18 markets with reasonably priced homes that are set for strong price growth. In fact, in some of the nation's competitive markets, $1 million is nothing more than the price of admission to home ownership. Below are 18 cities with homes that cost $633,150 or less in Q2 that are set to be million-dollar markets by the end of 2035, sorted by which will reach the $1 million threshold the fastest. Along with each reasonably priced real-estate market is its median home price and projections for the years ahead, as well as the home price growth rate from 2014 to 2024 that it's based on.
Persons: , Zoocasa's Mackenzie Scibetta, Scibetta Organizations: Service, National Association of Realtors, Golden State, Business Locations: California, Los Angeles, San Francisco, Golden, San Jose, San Francisco's Bay
I think a record number of Black and African American voters, Jewish voters, union voters. Asked for comment, the Harris campaign referred to a memo to reporters Sunday pushing back on the GOP suggestion that the vice president's support is eroding among key groups. Trump and Republicans hope to see a big turnout from their base, namely white, non-college-educated, working-class voters. Johnson and his affiliated super PAC, the Congressional Leadership Fund, have raised a combined $266 million for House Republicans this cycle. Democrats are heavily focused on Pennsylvania as well, with all three top House leaders and the Harris campaign making stops here in recent weeks.
Persons: Mike Johnson, ” Johnson, , I’m, , he'll, Donald Trump, Kamala Harris, Harris, Joe Biden, Biden, Johnson, Trump, “ I’m, it’s, we’re, It’s, Kevin McCarthy’s, McCarthy, Kevin, Helene, — Johnson, Ryan Mackenzie, Susan Wild, Rob Bresnahan, Matt Cartwright, Rob Mercuri, Chris Deluzio, Brian Fitzpatrick, Scott Perry, Lloyd Smucker, Pete Aguilar, ” Aguilar, they’ve Organizations: Steel, White, NBC News, African American, Jewish, Keystone State, , Telemundo, CNBC, Trump, New York Times, Sienna College, Black, GOP, CBS, International Association of Fire Fighters, Teamsters, Senate, Biden, Steel Club, Republicans, House Republican Conference, Congressional, Fund, House Republicans, LSU, Ole Miss, Democratic Rep, Democratic, Freedom, Lancaster County Republicans, Democrats, House Democratic Locations: Pa, , noshing, Hellertown, Nevada, Pennsylvania, Israel, Gaza, Las Vegas, California, New York, North Carolina, Allentown, America, El Tablazo, Dominican, South Florida, Texas, Arizona, Southern California, Allentown , Pennsylvania
World Liberty Financial is separate and apart from Trump Media & Technology Group , the parent company of social media platform Truth Social. Trump Media, known by ticker symbol DJT, started trading in March, after going public through a special purpose acquisition company (SPAC). On Tuesday, the former president and current Republican nominee aims to launch WLFI, the token accompanying his new crypto project called World Liberty Financial. Trump owns about 57% of DJT's outstanding shares, but his potential control over World Liberty Financial is more opaque. Folkman added that WLF would publish the "long-awaited" roadmap for the project on Tuesday, in tandem with the token sale.
Persons: It's, that's, they're, Trump, Donald Trump, Zachary Folkman, Donald J, Folkman, it's, WLF, Stani Kulechov, Kulechov, Monday's Organizations: Liberty, Trump Media & Technology Group, Trump Media, CNBC, Republican, Nasdaq, Truth Social, SEC, Trump, Finance, Liberty Financial, Permissionless Locations: New York City, U.S, DeFi, Salt Lake City , Utah
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKamala Harris backs crypto regulatory framework in pitch to Black men: 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's MacKenzie Sigalos speaks to Samara Cohen, chief investment officer of ETFs and Index Investments at BlackRock at Permissionless to discuss adoption of bitcoin ETFs.
Persons: Kamala Harris, explainers, CNBC's MacKenzie Sigalos, Samara Cohen Organizations: CNBC Crypto, CNBC, Investments, BlackRock Locations: Permissionless
Soren Lassen, head of offshore wind research at Wood Mackenzie, said the U.S. offshore wind industry is going through a needed readjustment, and that while the long-term outlook remains intact, progress has been pushed out. South Fork Wind offers tangible evidence that wind projects can work. The company developed the five-turbine Block Island Wind Farm, which is northwest of South Fork Wind, in 2016. The Bureau of Ocean Energy Management first awarded the leases for South Fork Wind in 2013, which where acquired by Deepwater Wind. In September, Skyborn Renewables, a Global Infrastructure Partners portfolio company, acquired Eversource's 50% stake in both South Fork Wind and Revolution Wind.
Persons: Pippa Stevens, Soren Lassen, Wood Mackenzie, , Orsted, David Hardy, Equinor, Jones, Biden, Avangrid, Wood Mackenzie's Lassen, Lassen Organizations: CNBC GREENPORT, U.S, Wind, CNBC, of Ocean Energy Management, Deepwater, Eversource Energy, Skyborn, Global Infrastructure Partners, CNBC Offshore, Power Authority, Ørsted, New, BP, Dominion Energy, South Brooklyn Marine, Fork, The U.S . Department of, Interior, Maryland –, GE Vernova, American Clean Locations: , Montauk , New York, U.S, Greenport , New York, East Hampton, East Hampton , New York, Wainscott, Denmark, New York, Atlantic City , New Jersey, New Jersey, Brownsville , Texas, Virginia, Port of Virginia, Connecticut's, of New London, South Carolina , Texas, Rhode Island and Connecticut, The, Maryland, Martha's Vineyard, Nantucket , Massachusetts, Nantucket
On Wednesday, House Democratic Caucus Chair Pete Aguilar, D-Calif., joined Rep. Susan Wild, D-Pa., here on a tour of Latino-owned small businesses. Though she is the incumbent and older than Mackenzie, Wild, 67, labeled Mackenzie, 42, a “career politician,” noting he has served in elected office for 12 years — twice as long as her. “She has a failed record on border security,” Mackenzie said in a Thursday interview after a rally with Johnson in Hellertown. “Every state is a border state, as we say, because they opened the border wide, and ya’ll, they did it intentionally, OK? A recent NBC News/Telemundo/CNBC poll found that support for Harris among Latino voters is at 54%, the lowest level in the past four presidential election cycles.
Persons: Pete Aguilar, Susan Wild, Mike Johnson, Ryan Mackenzie, Hakeem Jeffries, Katherine Clark, Mackenzie, , Wild, ” Wild, , Joe Biden, Donald Trump, Aguilar, Billy Joel, , Matthew Tuerk, Tuerk, Scott Wong, Del Abuelo, Kamala Harris ’, Charlie Dent, Milou Mackenzie, “ She’s, Greenberg Lemus, Del, she’s, ” Mackenzie, Johnson, ” Johnson, Trump, Harris, he’s, hasn’t, Victor Martinez, He’s, Tim Walz, Martinez, It’s, She’s, mischaracterize, he's, you’re Organizations: Congressional, House Democratic, GOP, Republican, NBC, Republicans, Census, Allentown, El, El Tablazo, Democratic, La, Democrat, Steel, Bethlehem Steel, NBC News, Telemundo, CNBC, Allentown’s Puerto Rican Parade, Dominican, ” Radio, Mega Locations: ALLENTOWN, Pa, , Lehigh, Hellertown, D, Easton, Allentown, Pennsylvania, Aguilar, Lehigh Valley, Philadelphia, Puerto Rico, Dominican Republic, Mexico, Colombia, Guatemala, Venezuela, New York, New Jersey, U.S, Bethlehem, Dominican, Wild, Harrisburg, Mexican American, Allentown —, Reading, Puerto, , Mexican
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin bounces back to $62,000 as economic outlook remains in focus: 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, Jeremy Allaire, CEO of Circle, provides an update on the company's plans to go public and its strategy in a lower-rate environment.
Persons: explainers, Jeremy Allaire Organizations: CNBC Crypto, CNBC
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A German national who was under home detention in New York City on a $5 million bond guaranteed by his domestic partner and children in a case in which he was charged with overseeing a $150 million cryptocurrency fraud is now a fugitive. After noticing that Jicha's ankle bracelet was not working, Pretrial Services officials sent him an email directing him to visit their office the next day. Jicha did not show up, the prosecutor told U.S. District Court Judge Orelia Merchant. Only then did Pretrial Services inform prosecutors that Jicha's ankle bracelet had ceased working, 26 hours after becoming aware of that fact, the prosecutor told the judge. CNBC has requested comment from Pretrial Services in Brooklyn federal court.
Persons: John Marzulli, Horst Jicha, Marzulli, Horst, Jicha, Orelia Merchant Organizations: Brooklyn U.S, U.S, CNBC Locations: New York City, Brooklyn, Germany
Crypto donors warm up to Kamala Harris
  + stars: | 2024-10-11 | 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 EmailCrypto donors warm up to Kamala HarrisCNBC's Mackenzie Sigalos reports on the rise of crypto super PACs.
Persons: Kamala Harris CNBC's Mackenzie Sigalos
In 2022, oil flow in the Strait of Hormuz averaged 21 million barrels per day, according to the U.S. Energy Information Administration (EIA). Saul Kavonic, senior research analyst at MST Financial, said supply disruptions along the Strait of Hormuz could send oil prices significantly higher. Oil prices traded more than 3% on Monday, extending gains even after notching their sharpest weekly gain since early 2023 last week. "But seeing where the oil price sits right now the market doesn't seem to hold much probability for such a development at all," he added. "A significant disruption to these flows would be enough to push oil prices to new record highs, surpassing the record high of close to $150/bbl in 2008," he added.
Persons: Alan Gelder, Wood Mackenzie, CNBC's, Iraq —, Gelder, Saul Kavonic, Kavonic, Bjarne Schieldrop, SEB, Brent, Schieldrop, Warren Patterson, Patterson Organizations: Nurphoto, U.S . Energy Information Administration, Energy, Brent, U.S, West Texas, ING, bbl, United Arab Emirates, Space Shuttle Columbia Locations: Persian, Bushehr, Iran, Hormuz, Oman, Strait, Israel, Saudi Arabia, Kuwait, Iraq, UAE, Gulf, Muscat
SKIP AHEAD The best pregnancy-safe skin care products in 2024 | How to shop for pregnancy-safe skin care | Why trust NBC Select? How I picked the best pregnancy-safe skin care productsI asked board-certified dermatologists about common pregnancy skin concerns like dryness and sensitivity and for their recommendations on pregnancy-safe formulas. The best pregnancy-safe skin care products in 2024When you’re pregnant, it may feel like you have to abandon your skin care routine and start new, but experts say that is not always the case. The fragrance-free formula has broad-spectrum protection, which means it keeps your skin safe from both UVA and UVB rays. How to shop for pregnancy-safe skin careWhen shopping for pregnancy-safe skin care, experts say the best approach involves assessing your skin’s changing needs and talking with your doctor about what ingredients you feel comfortable using.
Persons: Sejal Shah, , Rachel Nazarian, Erum Ilyas, you’re, Shah, La, Mili Godio, It’s, niacinamide, EltaMD, Posay’s, ceramides, Ilyas, Nazarian, , Squalane, “ It’s, dullness, There’s, Melasma, you’ve, they’re, retinoids, it’s, “ it’s, Oxybenzone, clary, TikTok Organizations: NBC, Dermatology, Neutrogena’s Hydro, La Roche, American Academy of Dermatology, OB, American College of Obstetricians, Alpha, National Institutes of Health, NIH, Facebook, Twitter Locations: New York, Pennsylvania, erring
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