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June 12, 2021

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A top antitrust advisor at the White House is reportedly a bitcoin millionaire

CNBC
CNBC – For more and to sign up click here Tim Wu, a top technology and competition policy advisor for the White House, is reportedly holding a significant portion of his wealth in cryptocurrency, according to a recent personal financial disclosure Politico found. Bitcoin is the largest holding in his portfolio,......

Elon Musk tweets again, sending shares of ‘Baby Shark’ investor soaring

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CNBC – For more and to sign up click here Elon Musk, Founder and Chief Engineer of SpaceX, speaks during the Satellite 2020 Conference in Washington, DC, United States on March 9, 2020. Yasin Ozturk | Anadolu Agency | Getty Images Shares of Samsung Publishing, a major shareholder in the......

Mark Cuban: What I look at when comparing blockchains like bitcoin and ethereum

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CNBC – For more and to sign up click here When comparing different blockchains, billionaire Mark Cuban looks at a few specific characteristics before investing. “Most people look at speed and cost compared to BTC [bitcoin] or ETH [ethereum],” Cuban tells CNBC Make It. “While those things can be important,......

Meme stocks GameStop, AMC are popping again as speculative trading ramps back up

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CNBC – For more and to sign up click here Rafael Henrique | LightRocket | Getty Images Just when you think the GameStop mania is a tale from the past, meme stocks came back from the dead with a double-digit rally this week, as enthusiastic investors piled back into speculative......

Bitcoin’s trading action lately is wild even by crypto’s standards and the drama is not over yet

CNBC
CNBC – For more and to sign up click here Bitcoin is still in a stretch of double-digit intraday moves after briefly halving its value last week, and Wall Street strategists say this crazy run won’t be over anytime soon. It’s been a rude awakening for bitcoin investors who thought......

Cryptocurrencies are close to reaching a big milestone versus gold by one Wall Street firm’s count

CNBC
CNBC – For more and to sign up click here Crypto bulls have long championed bitcoin as a modern-day replacement for gold, and by one measure, the new market is already close to surpassing bullion in that respect. The total value of the cryptocurrency market now stands above $2 trillion,......

Stock futures rise slightly after Wall Street’s worst week since February

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CNBC – For more and to sign up click here Traders on the floor of the NYSE. Source: NYSE Stock futures edged up in overnight trading on Sunday as the market looked to continue to rebound from last week’s sell-off triggered by inflation jitters. Futures on the Dow Jones Industrial......

This ‘dogecoin millionaire’ refuses to sell and bought during the dip — now his stash is worth $2 million

CNBC
CNBC – For more and to sign up click here Since becoming a “dogecoin millionaire” on April 15, Glauber Contessoto has continued to hold rather than sell — despite the coin’s ups and downs, he tells CNBC Make It. And now he says he’s a millionaire twice over. Contessoto says......

Coinbase revenue tripled from last quarter as crypto prices skyrocketed

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CNBC – For more and to sign up click here The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. Shannon Stapleton | Reuters Coinbase shares were down about 3%......

As much as $365 billion wiped off cryptocurrency market after Tesla stops car purchases with bitcoin

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CNBC – For more and to sign up click here Artur Widak | NurPhoto | Getty Images GUANGZHOU, China — Hundreds of billions of dollars were wiped off the entire cryptocurrency market after Tesla CEO Elon Musk tweeted that the electric vehicle maker would suspend car purchases using bitcoin. At......

Gary Vee made millions investing early in Uber, Snapchat and cryptocurrencies. Here’s how he chooses where to put his money

CNBC
CNBC – For more and to sign up click here No one knows the future. And that’s why speculative investors should only risk money they are willing to lose, according to media mogul Gary Vaynerchuk, who also goes by the name Gary Vee. Vaynerchuk was an early investor in companies......

Alibaba’s Ant Group will let more users test China’s digital yuan

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CNBC – For more and to sign up click here A logo of Ant Group is pictured at the headquarters of the company, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. Aly Song | Reuters BEIJING — Ant Group, an affiliate of Alibaba, is becoming one......

This bitcoin misconception could be what takes it to $250k, according to Morgan Creek’s Yusko

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CNBC – For more and to sign up click here Bitcoin may be struggling to break back above $60,000, but Morgan Creek Capital Management’s Mark Yusko is aiming even higher. The investment management firm’s founder and chief investment officer predicts the cryptocurrency could reach $250,000 within five years. He says......

Gary Vee: There will be an NFT bubble, but the average investor can still make money. Here’s how

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CNBC – For more and to sign up click here Owning digital art can be a hard thing to wrap your head around. But many people already have some form of digital assets whether they realize it or not, according to media mogul Gary Vaynerchuk, who also goes by the......

Ethereum hits new record high above $3,400, extending its more than 300% rally this year

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CNBC – For more and to sign up click here Jack Taylor | Getty Images GUANGZHOU, China — Ether, the digital coin linked to the Ethereum blockchain, hit an all-time high of $3,456.57 as the cryptocurrency extends a rally that has seen its price gain around 360% this year. The......

Charlie Munger calls bitcoin ‘disgusting and contrary to the interests of civilization’

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CNBC – For more and to sign up click here Charlie Munger at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller | CNBC Berkshire Hathaway Vice Chairman Charlie Munger’s distain toward bitcoin has only intensified amid the digital asset’s record run this year. “Of course I......

Binance, the world’s largest cryptocurrency exchange, is launching an NFT marketplace

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CNBC – For more and to sign up click here Changpeng Zhao, CEO of Binance, speaks during a TV interview in Tokyo, Japan, on Thursday, Jan. 11, 2018. Akio Kon | Bloomberg | Getty Images LONDON — Cryptocurrency exchange Binance on Tuesday revealed plans to introduce its own marketplace where......

Crypto bull calls dogecoin a mania and a bubble, says her firm hasn’t touched it

CNBC
CNBC – For more and to sign up click here The meteoric rise of dogecoin this year is “definitely a mania,” crypto bull Meltem Demirors told CNBC on Monday, saying there’s a reason her digital asset investment firm has stayed away. Dogecoin, which was started as a joke in 2013, became......

$260 billion wiped off crytpocurrency market in 24 hours as bitcoin plunges below $50,000

CNBC
CNBC – For more and to sign up click here GUANGZHOU, China — Bitcoin and other digital coins plunged on Friday wiping over $260 billion off the value of the cryptocurrency market. At around 14:06 p.m. Beijing time, bitcoin was down nearly 10% in the last 24 hours at $49,281.40,......

After a bitcoin crackdown, China now calls it an ‘investment alternative’ in a significant shift in tone

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CNBC – For more and to sign up click here BOAO, China — China’s central bank is now calling bitcoin an “investment alternative” — marking a significant shift in Beijing’s tone after a crackdown on cryptocurrency issuance and trading nearly four years ago. Industry insiders called the comments “progressive” and......

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