Bitcoin
Coinbase-backed lobby urges ABC to ask about crypto in Trump-Harris debate
Stand With Crypto’s bus tour through five battleground states kicked off last week in Phoenix and Las Vegas. Logan Dobson/Stand With Crypto Alliance A big purple bus adorned with “AMERICA ❤️ CRYPTO” started making its way across five swing states last week, on a mission to get out the vote ahead of the presidential election. […]
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Bitcoin rebounds from its worst week in more than a year, jumping above $57,000
Bitcoin jumped Monday evening and topped $57,000 after Wall Street’s rebound from its worst week of the year. The price of the flagship cryptocurrency was last higher by 5.6% at $57,4449.00, according to Coin Metrics. Last week, bitcoin tumbled 9% for its worst weekly performance since August 2023. Stock Chart IconStock chart icon Bitcoin performance […]
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The new Trump trade is bitcoin, price could top $80,000 if he wins election, according to Bernstein
As November’s Election Day draws nearer, so does bitcoin’s eventual breakout from this year’s narrow trading range, according to Bernstein. The flagship cryptocurrency has been stuck between $55,000 and $70,000 for most of the year — after reaching its all-time high in March — and is likely to remain in limbo until the U.S. determines […]
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The bitcoin ATM has emerged as one of cryptocurrency’s biggest threats
Bitcoin ATMs are a rapidly growing presence in the United States and, some experts say, a rapidly growing cybercrime menace. ATMs dealing in bitcoin are similar to their cash cousins: there are PINs to punch and withdrawal fees, just like any other ATM. Unlike cash ATMs, though, the high value of crypto makes them prime targets […]
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Coinbase has worst week of the year as crypto stocks plummet
SAN ANSELMO, CALIFORNIA – JUNE 06: In this photo illustration, the Coinbase logo is displayed on a screen on June 06, 2023 in San Anselmo, California. The Securities And Exchange Commission has filed a lawsuit against cryptocurrency exchange Coinbase for allegedly violating securities laws by acting as an exchange, a broker and a clearing agency […]
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Thoma Bravo founder vows to ‘never touch’ crypto again after disastrous bet on FTX
A little over three years ago, private equity investor Orlando Bravo called FTX the “most cutting-edge, sophisticated cryptocurrency exchange in the world,” as his buyout firm helped lead a $900 million investment in the company at a valuation of $18 billion. Bravo now tells CNBC that he and his firm, Thoma Bravo, are permanently out […]
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Bitcoin ETFs saw heaviest outflows in four months on Tuesday as crypto prices plunged
CFOTO | Future Publishing | Getty Images Spot bitcoin exchange-traded funds had their worst day in over four months on Tuesday as investors pulled some of their money alongside a broader market selloff. More than $287 million was withdrawn from the 11 U.S.-listed ETFs, the biggest day for outflows since May 1, according to Farside […]
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Bitcoin overnight sell-off takes it below $56,000 before stabilizing
Vertigo3d | iStock | Getty Images Bitcoin slid back toward $55,000 overnight as it caught up with Tuesday’s broader market sell-off. On Wednesday, the price of the flagship cryptocurrency was lower by 2% at $56,589.80, according to Coin Metrics. It fell sharply Tuesday night — to as low as $55,673.80 — with the start of […]
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The latest hiccup in Trump’s crypto launch: Deleted posts and a hacking claim
Republican presidential nominee and former U.S. President Donald Trump gestures as he holds a rally at the Cambria County War Memorial Arena in Johnstown, Pennsylvania, U.S. August 30, 2024. Brian Snyder | Reuters The X accounts of two family members of Republican presidential nominee Donald Trump’ appeared to have been hacked Tuesday in order to […]
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CNBC Daily Open: Bitcoin isn’t really a currency (yet)
People walk past a neon sign advertising a Bitcoin and Ethereum crypto currency exchange in Warsaw, Poland on 19 May, 2024. Jaap Arriens | Nurphoto | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no […]
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