Mad Money host Jim Cramer said he has sold almost all of his bitcoin. He cited the Chinese government’s crackdown on bitcoin mining and concerns over bitcoin’s role in ransomware attacks. Jim Cramer Worried About China’s Mining Crackdown and Ransomware, Sold Almost All His Bitcoin The host of CNBC’s Mad Money show, Jim Cramer, revealed …
Yearly archives: 2021
CNBC host boldly reveals he sold his BTC amid depths of bear market
Jim Cramer, the host of CNBC’s Mad Money, announced he has liquidated nearly all of his Bitcoin (BTC) holdings. Speaking on June 21 during an interview with CNBC’s Squawk Box on the Street, Cramer asserted that BTC is ”not going up because of structural reasons,” highlighting China’s renewed regulatory clampdown. Cramer stated that China’s central …
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Chris Giancarlo: U.S. risks becoming ‘backwater’ without central bank digital currency
One of the few high-profile public officials to have served under both the Obama and Trump administrations, Chris Giancarlo is a former Wall Street executive-turn-regulator who is widely-respected by nearly all parties on Capitol Hill. As the former Chairman of the Commodities Futures Trading Commission, however, his latest venture, the Digital Dollar Foundation, might well …
This Nascent Crypto Sector To Invade and Infect Commercial Use Cases, Says Analyst Elliot Wainman
Crypto trader and influencer Elliot Wainman says this emerging crypto sector isn’t going away. Even as growth in the crypto markets is slowing down over the past month, Wainman says that the bullish news for unique digital assets or non-fungible tokens (NFTs) has not stopped coming. Wainman points out that major news outlet CNN just …
Amount of Bitcoin in Global Crypto Funds Falling Amid Crypto Crash: Report
New data from ByteTree Asset Management shows the amount of Bitcoin held by global crypto funds has sharply fallen following the market collapse in May. According to the blockchain analytics firm, the Bitcoin holdings of European and Canadian exchange-traded funds (ETFs) and US and Canadian closed-ended funds have declined by 28,785 BTC in the last …
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Bank of Israel deputy governor confirms digital shekel pilot is underway
The Bank of Israel has reportedly already issued a central bank digital currency through a pilot test of a digital shekel. According to a Monday report from the Jerusalem Post, Bank of Israel deputy governor, Andrew Abir, said the financial institution had started to conduct a pilot program for a digital shekel. Speaking at a conference …
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Polywhale Finance founders accused of rug pull amid abrupt shut down
Developers of Polywhale Finance, a leading yield farm on the Polygon network, have abandoned the project in what appears to be an elaborate exit scam worth over $1 million, cryptocurrency news outlet Crypto Briefing reported Monday. Polywhale Finance’s founders are being accused of pulling a “soft rug” exit scam by selling their tokens during the …
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Stablecoin inflows to exchanges dip as traders watch Bitcoin from the sidelines
The growth of stablecoin’s market cap and circulating supply has been one of the best indicators for attaining a general pulse on how participants in the market are feeling during bullish and bearish times. Monitoring the Tether (USDT) treasury for large issuances was a common tactic used by analysts and traders to position themselves for …
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Stablecoin ‘yield’ deposits nearly doubled last month even as Bitcoin crashed
Stablecoin ‘yield’ deposits nearly doubled last month even as Bitcoin crashed Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Edge › Tether › DeFi Stablecoins prevail during a pullback market as upcoming crypto management platforms provide avenues for high yield profits. Ana Grabundzija · June 21, …
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Another big Cardano (ADA) deal is in the works in Africa
The end of April saw Cardano developers Input-Output Global (IOG) announce significant partnership deals with the governments of Ethiopia and Tanzania. But according to IOG’s Director of African Operations, John O’Connor, another significant deal is in the works. Like the Tanzania tie-up, this will likely feature cooperation between a local government and the private sector, …
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Financial Advisor Ric Edelman Sees ‘Tremendous Investment Opportunities’ in Bitcoin
Financial advisor Ric Edelman, founder of Edelman Financial Engines and RIA Digital Assets Council, has recommended having bitcoin in investment portfolios despite the cryptocurrency’s volatility. “This is totally new and different and it’s the first genuinely new asset class in about 150 years,” he said, emphasizing that “It has tremendous investment opportunities.” Ric Edelman Sees …
Malta’s ‘Wild West’ Approach: Regulators Claim $70 Billion in Crypto Passed Through ‘Blockchain Island’
The island country of Malta in the Mediterranean Sea has been known to be friendly toward cryptocurrency solutions and blockchain technology for years now. According to a regional report, government sources say more than $70 billion moved through the country over past years while regulations were lax. Furthermore, the Financial Action Task Force (FATF) was …
400+ Miners Seized in Venezuela Due to Lack of Permits
Authorities seized more than 400 Bitcoin miners in Venezuela this weekend in two major confiscations. Local reports indicate military personnel seized 332 miners from a transport truck. In another procedure, authorities seized 72 miners hidden in a house. These activities resulted in the apprehension of four individuals. Mining in Venezuela is perfectly legal, but it …
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US Government Auctions Off Litecoin and Bitcoin Cash Seized From Tax Evader
The U.S. General Services Administration (GSA) is auctioning off Bitcoin Cash (BCH) and Litecoin (LTC) seized from a taxpayer for non-payment of internal revenue taxes. In a statement, GSA announces that the public is now able to bid on 11 stashes of cryptocurrencies, which include 8.93 BTC and 150.2 LTC with a combined market value …
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Bitcoin Falls 15% on Inflation Bombshell – eToro Crypto Roundup
Crypto sinks with stocks as the Fed acknowledges inflation. Bitcoin has fallen 15% over the last week as the market weighs the impact of big shifts in the crypto ecosystem and broader macro environment. On Wednesday, Fed chairman Jerome Powell acknowledged rising inflation, and responded by bringing forward the timing of the next interest rate …
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