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Even though more than half the money ever invested in bitcoin would now be underwater if it had stayed, crypto monitors insist it's somehow still attracting punters. Cryptocurrency and bitcoin investors seem to be showing few signs of dumping their crypto-related assets, stocks and exchange-traded funds (ETFs), despite the latest wave of turmoil and scandal to crash over the sector. Analysts at JP Morgan estimate that around $25 billion has flowed out of the crypto since May. He estimates that the stablecoin market cap peaked at around $170 billion earlier this year and has declined by around $25 billion since May. That is, $25 billion of redemptions flowing out of crypto, most likely to fiat currency, perhaps cash or cash-like products.

REUTERS/Octavio JonesNEW YORK, Nov 16 (Reuters) - Former President Donald Trump's entry on Tuesday into the 2024 presidential race confirmed the world's "worst kept secret" and created another variable for markets that some investors say remains a low priority for now. Trump's announcement, meanwhile, came as little surprise to investors, as the former president had telegraphed the possibility he might run again for some time. DIVIDED WE HURTUnlike during Trump's previous bid, the discord within the Republican party also worried some investors. The Republican president has claimed credit for the rise, tweeting often about Wall Street's performance. Both stocks rallied earlier this month on reports Trump was considering a third bid for the White House.

☆ Reactions to Trump announcing 2024 White House bid
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +5 min

SINGAPORE, Nov 16 (Reuters) - Donald Trump's aides filed paperwork for his 2024 White House bid on Tuesday as the former president launched a run to regain the title, aiming to pre-empt potential Republican rivals. Republicans are meanwhile closing in on the 218 seats they need to take a majority in the 435-seat House of Representatives. COMMENTS:ANTHONY SCARAMUCCI, FOUNDER, SKYBRIDGE CAPITAL, SINGAPORE (FORMER WHITE HOUSE COMMUNICATIONS DIRECTOR)"You know how you have a zombie that you can’t kill, like in the Night of the Walking Dead? If any one of those other candidates can present themselves with some of the Trump messaging without the Trump drama, there might be opportunities." Neil Young said 'it's better to burn out than fade away'...feels like Trump will go down this time with little glory."

☆ Crypto's been 'cut to ribbons' - but it can survive FTX's crash if players stop lighting each other up on Twitter, Anthony Scaramucci says
▼ + stars: | 2022-11-15 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

Anthony Scaramucci said the crypto industry has been "cut to ribbons" this year, after FTX's crash. He said the industry can only grow up if crypto players stop lighting each other up on Twitter. Scaramucci stressed that the crypto industry can only grow up if crypto players collaborated with each more instead of banging heads with each other. Before FTX's downfall that reverberated through the crypto industry, Zhao tweeted that Binance would be liquidating all its FTT tokens — a crypto token native to FTX — due to "recent revelations." He told CNBC hours before FTX filed for bankruptcy that he's in a worse position because Bankman-Fried has hurt the industry.

☆ Scaramucci talks FTX, Sam Bankman-Fried and 'the worst week in cryptocurrency history'
▼ + stars: | 2022-11-11 | by ( Jack Stebbins | ) www.cnbc.com time to read: +2 min

Anthony Scaramucci, the founder of SkyBridge Capital and short-time Trump communications director, spoke on CNBC's Squawk Box Friday morning about friend and business partner Sam Bankman-Fried, the CEO of the crumbling crypto exchange FTX. Scaramucci told Squawk Box that we went to the Bahamas to help Bankman-Fried as an investor and friend. Scaramucci said he didn't see evidence of this mishandling when he and other investors first screened FTX as a potential business partner. "Duped I guess is the right word, but I am very disappointed because I do like Sam," Scaramucci continued. "There's a lot of distress in the markets, and a lot of my friends think it's the worst week in cryptocurrency history," Scaramucci said.

☆ Anthony Scaramucci breaks down his recent meeting with FTX's Sam Bankman-Fried
▼ + stars: | 2022-11-11 | 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 EmailAnthony Scaramucci breaks down his recent meeting with FTX's Sam Bankman-FriedAnthony Scaramucci, SkyBridge Capital founder, joins CNBC's 'Squawk Box' to discuss his recent meeting with FTX CEO Sam Bankman-Fried in the Bahamas.

☆ Sam Bankman-Fried steps down as FTX CEO as his crypto exchange files for bankruptcy
▼ + stars: | 2022-11-11 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +3 min

Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, US, on Wednesday, Aug 17, 2022. Sam Bankman-Fried's cryptocurrency exchange FTX has filed for Chapter 11 bankruptcy in the U.S., according to a company statement posted on Twitter. CNBC reached out to Adam Landis, founding partner of Landis Rath & Cobb LLP, who filed the Chapter 11 proceedings on behalf of FTX. FTX founder Sam Bankman-Fried admitted on Thursday that he "f---ed up." The Chapter 11 proceedings exclude the following subsidiaries: LedgerX LLC, FTX Digital Markets Ltd., FTX Australia Pty Ltd., and FTX Express Pay Ltd.

☆ Scaramucci's SkyBridge Capital looking to buy back stake from FTX - CNBC
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: 1 min

Ontario Pension says any loss from FTX investment to have limited impact, article with imageTechnology category · November 10, 2022The Ontario Teachers Pension Plan (OTPP) said on Thursday it had invested a total of $95 million to the troubled cryptocurrency exchange FTX and any financial loss from the exposure will have limited impact on the pension plan.

☆ FTX to start U.S. bankruptcy proceedings, CEO to exit
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: +4 min

LONDON, Nov 11 (Reuters) - Crypto exchange FTX is to start U.S. bankruptcy proceedings and CEO Sam Bankman-Fried is to step down, after a liquidity crisis at the cryptocurrency group that has prompted intervention from regulators around the world. The distressed crypto trading platform had been struggling to raise billions in funds to stave off collapse after a wave of withdrawals. "I'm really sorry, again, that we ended up here," said FTX founder Bankman-Fried, in a series of tweets after the commencement of the bankruptcy filing. FTX is under investigation by the U.S. Securities and Exchange Commission, Justice Department, and Commodity Futures Trading Commission, according to a source familiar with the investigations. Cyprus's Securities and Exchange Commission has asked FTX EU to suspend its operations on Nov. 9, the regulator said on Friday.

☆ Explainer: Crypto industry spends millions on U.S. midterm elections
▼ + stars: | 2022-11-08 | by ( Hannah Lang | ) www.reuters.com time to read: +5 min

Crypto companies are eager to back industry-friendly political candidates. The election comes at a time of turmoil for the crypto industry. FTX's CEO Sam Bankman-Fried has far outspent all others in the crypto industry. WHAT IS THE CRYPTO INDUSTRY LOOKING TO GET IN RETURN? Crypto companies such as Circle want lawmakers to create a framework for stablecoins to help mature the industry and codify consumer protections.

☆ Anthony Scaramucci says the UK should have another referendum on Brexit
▼ + stars: | 2022-10-25 | 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 EmailAnthony Scaramucci says the UK should have another referendum on BrexitAnthony Scaramucci, SkyBridge Capital founder, says the U.K. is "investible" in the long term, but there isn't much clarity at the moment.

☆ Anthony Scaramucci says the U.S.-Saudi Arabia relationship is by and large 'unbreakable'
▼ + stars: | 2022-10-25 | 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 EmailAnthony Scaramucci says the U.S.-Saudi Arabia relationship is by and large 'unbreakable'Anthony Scaramucci, SkyBridge Capital founder, says relationships like that are "sort of like a Catholic marriage."

☆ Crypto PACs backed by Sam Bankman-Fried, Scaramucci plan last-minute midterm ad blitz
▼ + stars: | 2022-10-21 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

A network of political action committees supported by cryptocurrency industry leaders are planning a last-minute ad campaign in support of congressional candidates, according to one of the groups' chief strategists. Web3 Forward and Crypto Innovation, two super PACs financed by the crypto executives, are both expected to spend at least six figures on an ad blitz starting in two weeks, the strategist explained. During the primary season, Web3 Forward backed Democrats running for Congress, while Crypto Innovation supported Republicans, according to Federal Election Commission records. The spending by the crypto PACs will add to a flurry of cash flowing in what are expected to be the most expensive midterm elections ever. Former Trump White House communications director and SkyBridge Capital founder Anthony Scaramucci donated $100,000 to Crypto Innovation in March, according to an FEC filing.

☆ Anthony Scaramucci congratulates Liz Truss for lasting '4.1 Scaramuccis' and outlasting milk following the British PM's abrupt resignation
▼ + stars: | 2022-10-20 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +2 min

Anthony Scaramucci poked fun at British Prime Minister Liz Truss' abrupt resignation. Scaramucci congratulated Truss for lasting longer than he did in the White House. Truss did not outlast a head of lettuce which a British tabloid had pitted against her. "1 Scaramucci = carton of milk 1 Truss = head of lettuce," Scaramucci wrote on Twitter. That means Truss lasted "4.1 Scaramuccis," rounding up, of course.

☆ Wall Street is debating whether the bear market still has legs
▼ + stars: | 2022-10-17 | by ( Jason Ma | ) www.businessinsider.com time to read: +6 min

So far, results from the big Wall Street banks have been mixed, with JPMorgan and Citigroup beating but Morgan Stanley falling short of forecasts. He told CNBC on Friday that Thursday's wild reversal wasn't just a bear market rally and could be the start of a new upswing. "We are, in my opinion, coming to the end of this bear market," Scaramucci told CNBC on Friday. Is the stock market poised for a sustainable uptrend or still teasing with bear market rallies? But the stock market isn't out of the woods yet as there could be more pain in the short-term.

☆ Anthony Scaramucci says the wild reversal in stocks was the start of an upswing as the bear market ends and short-siders give up
▼ + stars: | 2022-10-14 | by ( Brian Evans | ) www.businessinsider.com time to read: +2 min

Thursday's wild stock reversal wasn't a bear market rally and could be the start of a new upswing, Anthony Scaramucci told CNBC. I think there was full-blown capitulation on the short side yesterday and lots of institutional buying." "We are, in my opinion, coming to the end of this bear market," Scaramucci told CNBC on Friday. "This could've been a bear market rally, but I don't think so. Scaramucci also pointed to other encouraging market signals, including the TIPS 10-year breakeven rate that's now around 2.20%.

☆ The West needs a better economic relationship with China, says Anthony Scaramucci
▼ + stars: | 2022-10-14 | 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 EmailThe West needs a better economic relationship with China, says Anthony ScaramucciAnthony Scaramucci, Skybridge Capital founder, joins CNBC's 'Squawk Box' to discuss the U.S.'s relationship with China, Saudi Arabia and more.

☆ How SkyBridge founder Anthony Scaramucci is navigating the world between traditional and digital assets — plus his favorite coins and hedge funds for the tough market environment
▼ + stars: | 2022-09-21 | by ( Laila Maidan | Alyson Velati | ) www.businessinsider.com time to read: +7 min

A survey conducted by the Alternative Investment Management Association (AIMA), showed that about one-third of traditional hedge funds are investing in digital assets. Approximately one-third of the panel discussions revolved around digital assets, according to SkyBridge Capital's Anthony Scaramucci. And while some funds may still be grappling with the question of how much exposure they should allocate to digital assets, Scaramucci is pedaling forward. Long term, he believes in the appreciation of digital assets, and he's willing to pay the price of absorbing the volatility in the meantime. The pivot to digital assetsSkyBridge has pivoted heavily into crypto and blockchain technology from its traditional hedge fund of funds business.

☆ The COO of the famed black swan fund that reportedly banked a 4,144% return during the 2020 stock market crash shares the 3 requirements that would put crypto on their radar — and why they haven't ent
▼ + stars: | 2022-09-18 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

But the crypto-heavy conference meant one hedge fund wasn't in attendance. Universa Investments, a black swan fund that specializes in purchasing protection against major market crashes, skipped out this year. The Miami-based hedge fund, which has $15.5 billion in assets under management, made headlines in the past after its flagship Black Swan Protection Protocol fund reportedly returned 4,144% amid the stock market crash of 2020. Many crypto investors may perceive these digital assets, bitcoin specifically, as a hedge against the devaluation of currencies. You need to have a clear thesis for why you're picking crypto assets over a tech stock, like Microsoft for example, he said.

☆ The Cure? Cut Taxes and Spending
▼ + stars: | 2022-09-16 | by ( Andy Kessler | ) www.wsj.com time to read: +1 min

A 45-day period will forever be known as a “Truss” for Liz Truss ’s tenure before resigning as British prime minister, much as 11 days is a “Mooch” for Anthony Scaramucci ’s short stint in the Trump administration. Come to think of it, a “Biden” is 208 days, the time from Inauguration Day until the fall of Kabul after the Afghanistan scram in August 2021. President Biden has been a bit of a lame duck ever since, and if polls are right, even more so after Tuesday’s elections. Unknown to many, U.K. pension funds had been hedging against interest rate increases, using derivatives with six or seven times leverage. As inflation hit 10.1%, interest rates were going up no matter what, which caused funds to dump gilts, or bonds, to pay their margin calls, crushing the currency.

☆ How crypto billionaire Sam Bankman-Fried survived the market wreckage and still expanded his empire
▼ + stars: | 2022-09-16 | by ( Kate Rooney | ) www.cnbc.com time to read: +11 min

FTX also extended $500 million to struggling Voyager Digital, which later declared bankruptcy, and was in discussions to acquire South Korean crypto exchange Bithumb. While Bankman-Fried's cryptocurrency exchange FTX is suffering from the downturn in digital assets, he said market share growth helped offset the pain. FTX Trading Ltd. is headquartered in Antigua, with FTX Derivatives Markets based in the Bahamas, where Bankman-Fried lives. FTX Trading has acquired companies in Switzerland, Australia, Cyprus, Germany, Gibraltar, Singapore, Turkey and the United Arab Emirates, among other countries. watch nowLike Buffett, Bankman-Fried signed the Giving Pledge: a promise by the world's wealthiest individuals to donate the majority of their wealth to charity.

☆ Crypto winter won't end until the Fed rate cycle ends, says Anthony Scaramucci
▼ + stars: | 2022-09-12 | 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 EmailCrypto winter won't end until the Fed rate cycle ends, says Anthony ScaramucciAnthony Scaramucci, SALT Conference founder and host, joins the 'Halftime Report' to discuss his commitment to cryptocurrencies and blockchain tech, when the 'crypto winter' will end and more.

☆ Bitcoin a depășit 28.000 de dolari și nu dă semne de încetinire
▼ + stars: | 2020-12-28 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Moneda virtuală Bitcoin a depășit valoarea de 28.000 de dolari pentru o unitate și nu dă semne de încetinire, scrie CNN. Bitcoin a depășit valoarea de 20.000 de dolari în urmă cu 11 zile, iar acum se apropie deja de 30.000 de dolari. Valoarea de piață a monedei Bitcoin a depășit astfel 500 de miliarde de dolari, criptomoneda fiind mai valoroasă decât procesatorii de plăți Visa sau Mastercard. Astfel, Bitcoin a devenit o monedă atractivă. Există un număr limitat de Bitcoin pe planetă și investitorii cred că odată ce acesta este atins valoarea criptomonedei nu poate decât să crească.

Persons: Bitcoin, Anthony Scaramucci, Scaramucci Organizations: CNN, Capital, CNN Business Locations: american

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