Chamber of Digital Commerce founder and CEO Perianne Boring explains how Biden and regulators he appointed set the US behind competing nations on emerging tech like crypto, and compares this with Donald Trump’s plan to further integrate crypto into the U.S. economy.
Brian Brooks, CEO of BitFury and former acting comptroller of the currency under President Trump, discusses where Congress stands on regulation of crypto in the U.S.
At the North American Bitcoin Conference, Cathie Wood of Ark Invest, Michael Saylor of MicroStrategy, Andrew Yang, Anthony Pompliano of Pomp Investments, and others share their hopes for cryptocurrencies in 2022.
The Dallas Cowboys have made Blockchain.com their official digital asset platform, which is the first time the NFL has worked with a cryptocurrency company.
Peter Smith, the co-founder and CEO of Blockchain.com, met with Cowboys owner Jerry Jones at The Star in Frisco to talk about the partnership.
For Blockchain.com, the deal will give them a chance to advertise and brand themselves. It also gives them club space inside AT&T Stadium, as well as rights to social media integration and signage.
They did not disclose how much the deal was worth.
Bitstamp USA CEO Bobby Zagotta explains why be believes Bitcoin could start trading like gold with more mainstream adoption, how regulation fits in to the cryptocurrency picture and more.
Antoni Trenchev of cryptocurrency lender Nexo says there are "two simple reasons" why he sees bitcoin more than doubling from their current levels by June this year.
Crypto had a strong year - will it keep going for 2022? Anthony Pompliano, founder of Pomp Investments, compares Bitcoin's run so far with past 'revolutionary' tech to get an idea of where it will go next.
It's been a little over a week since Jack Dorsey stepped down from Twitter to focus entirely on 'Block' - which is the new name of the company that includes Square, Cash App, and a soon-to-launch DeFi focused Bitcoin exchange.
The first announcement from Block since Dorsey made the move: A new Cash App feature that allows users send stocks and bitcoin to other users.
The House Financial Services Committee holds a hearing on digital assets. Crypto executives testifying at the hearing: Jeremy Allaire, CEO of Circle, Samuel Bankman-Fried, CEO of FTX, Brian Brooks, CEO of Bitfury Group, Charles Cascarilla, CEO of Paxos Trust Company, Denelle Dixon, CEO of Stellar Development Foundation, and Alesia Jeanne Haas, CEO of Coinbase Inc.
Miami Mayor Francis Suarez, who said earlier last month he would take his next paycheck "100% in Bitcoin," is seeking to expand the use of cryptocurrency across the city.
Bitcoin fell sharply alongside other assets on Friday, hitting a seven-week low and officially entering bear market territory.
The world’s biggest cryptocurrency sank nearly 8% in the last 24 hours according to Coin Metrics data. The slide brought bitcoin to its lowest level since early October.
Other cryptocurrencies took a hit as well - Ether, the second-biggest crypto, fell more than 10%, while XRP slumped 9.9% and returned to prices under the $1 level
The price drop is happening in tandem with other investments in resopnse to a new, heavily-mutated variant of the coronavirus.
..and it's circumstances like this which the pro's look at, and see a signal to BUY!
Regulators from all around the world are pursuing the crypto business. China has deemed all cryptocurrency transactions unlawful and has forbidden cryptocurrency mining. The European Union is developing a framework for crypto issuers and service providers to be licensed.
In the United States, SEC head Gary Gensler seeks authority over a sector he refers to as the "Wild West." All of this regulatory concern comes at a time when digital assets are becoming increasingly popular. Bitcoin has been widely accepted. The launch of the Bitcoin ETF in the United States is a watershed moment.
When Eric Adams, the recently elected mayor of New York, takes office in January, he plans to collect his first three paychecks in Bitcoin. Is a showdown is on the horizon?
Miami Mayor Francis Suarez is a true supporter of cryptocurrency and blockchain tech. He joined ‘Fox & Friends Weekend’ yesterday to discuss the city continuing to 'push toward cryptocurrency'.
Apple CEO Tim Cook says that he owns cryptocurrency, has been interested in it "for awhile" and shared that implementing crypto into Apple Pay is something they're 'looking at'.
What's amusing is how we never knew the CEO of the world's biggest tech company owns crypto... but only because nobody had asked him about it until now.
Cryptocurrencies are off to a good start this week.
Ether, the world's second-largest digital currency, rose more than 4% in 24 hours on Monday to a new all-time high of $4,700. According to Coin Metrics statistics, the token was last trading at $4,740.
Bitcoin, meanwhile, rose 7% to $66,250, edging closer to a record high of $66,900 established in late October.
The reason for the relocation was unclear. Cryptocurrencies are notorious for their extreme volatility, with price fluctuations of up to 20% higher or lower being very usual.
A $70,000 price for bitcoin now "seems imminent," according to Mikkel Morch, executive director of crypto hedge fund ARK36.
"Importantly, the increase does not appear to be driven by leverage, but rather by increased demand on the spot market, where there is currently very little sell-side liquidity," Morch wrote in an emailed note on Monday.
DeFi
It comes as interest in DeFi grows, but regulators have recently taken notice, and experts have warned that a crackdown is on the way.
Ethereum also serves as the foundation for several nonfungible tokens, or NFTs, which act as digital receipts for rare commodities such as online art.
This year has witnessed a surge in activity, with one token selling for a record $69 million at Christie's.
Even yet, either has some stiff competition. Rival tokens like as solana and cardano have seen significant price increases this year.
Billionaire investor Paul Tudor Jones says cryptocurrency right now is a better hedge against inflation than gold.
"It would be my preferred one over gold at the moment" Jones said "Clearly, there’s a place for crypto. Clearly, it’s winning the race against gold at the moment."
Jones, a bitcoin and crypto bull, also told CNBC he’s very worried about rising inflation, saying it’s posing a major threat to the U.S. financial markets and the recovering Covid-hit economy."I’ve got crypto single digits in my portfolio" Jones said, referring to the percentage of his holdings in cryptocurrencies.
Back in June, Jones told CNBC that bitcoin is a great way to protect his wealth over the long run, calling the world’s biggest crypto a store of wealth like gold.
Gold as an investment that hedges against inflation would generally rise along with the rapid growth in consumer prices. Gold lost 8% over the past 12 months compared with bitcoin’s 437% one-year gain.
Often referred to as digital gold, bitcoin was also designed as a payment system, though its adoption as money to pay for things has been slow due to the volatile nature of the digital coin.
Essentially flat earlier in the morning, bitcoin moved higher after Jones’ crypto remarks. It hit a new all-time high above $66,000 on Wednesday, rising above April’s record.
Bitcoin struggled over the summer, trading briefly below $30,000 before turning higher again in advance of the launch of the first U.S. bitcoin-linked exchange-traded fund.
The ProShares Bitcoin Strategy ETF jumped 4.8% in Tuesday’s debut session and another 3% on Wednesday. The ETF tracks bitcoin futures, or contracts speculating on the future price, rather than the cash price.
Jones said he’d rather own bitcoin itself than the futures-tied ETF. However, he said the ETF will do fine and investors should "take great comfort" that it’s been approved by the U.S. Securities and Exchange Commission.
Bitcoin hitting 1 trillion market cap this year inspired some bitcoin operations to expand. Plus, ban on mining in China has triggered a mass exodus, with some mining operations moving their facilities to the United States. The largest in the US currently can be found in Rockland Texas, and is operated by a company called Whinstone US.