Bitcoin
Michael Saylor says investing in MicroStrategy is the closest you’ll get to a bitcoin spot ETF
MIAMI — MicroStrategy may technically be in the business of enterprise software and cloud-based services, but CEO Michael Saylor says the publicly traded company doubles as the first and only bitcoin spot exchange-traded fund in the U.S. “We’re kind of like your nonexistent spot ETF,” Saylor told CNBC on the sidelines of the Bitcoin 2022 […]
Read More
Crypto exchange Binance removes Twitter emoji that resembled a swastika after outcry
The logo of cryptocurrency exchange Binance. STR | NurPhoto via Getty Images Cryptocurrency exchange Binance removed and redesigned an emoji on Twitter, after outcry from users who pointed out it looked like a swastika. Twitter sometimes lets brands design their own custom emojis to include in hashtags in order to promote their business. In this […]
Read More
U.S. Treasury sanctions Russian bitcoin miners as war enters its third month
A view of partially destroyed building in the Ukrainian city of Mariupol under the control of Russian military and pro-Russian separatists on April 13, 2022. Leon Klein | Anadolu Agency | Getty Images For the first time ever, the U.S. Department of the Treasury is taking aim at bitcoin miners operating in Russia as the […]
Read More
Bitcoin ‘tribalism’ is holding the crypto industry back, Ripple CEO says
Ripple CEO Brad Garlinghouse speaks during the Milken Institute Global Conference in Beverly Hills, California, on Oct. 19, 2021. Kyle Grillot | Bloomberg | Getty Images “Tribalism” around bitcoin and other cryptocurrencies is holding back the entire $2 trillion market, according to the boss of blockchain firm Ripple. “Polarization isn’t healthy in my judgement,” Ripple […]
Read More
Robinhood revives plans to launch in the UK with deal to buy crypto app Ziglu
A woman holds a smartphone with the Robinhood logo in the background. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Robinhood said Tuesday it has agreed to buy Ziglu, a London-based fintech app that lets users trade bitcoin and several other cryptocurrencies. The acquisition will help Robinhood expand into the U.K. and Europe, […]
Read More
Don’t blame stimulus checks for inflation, says Andrew Yang, who still supports sending free cash to most Americans
MIAMI — Former presidential candidate Andrew Yang says that Covid stimulus checks are not to blame for the recent inflation spike — and he’s still in favor of sending people free cash as a way to insulate workers from economic shocks and technological disruption. The universal basic income (UBI) evangelist told CNBC on the sidelines […]
Read More
It’s a matter of when, not if, the SEC approves bitcoin spot ETF, says Grayscale CEO
Crypto experts are hopeful a spot bitcoin ETF could arrive as soon as this year. The optimism comes on the heels of the Securities and Exchange Commission approving an application for the Teucrium Bitcoin Futures ETF earlier this month. The fund was filed under the Securities Act of 1933, instead of the Investment Company Act […]
Read More
Crypto firm Ripple’s court battle with the SEC has gone ‘exceedingly well,’ CEO says
PARIS — Ripple CEO Brad Garlinghouse is confident the company will come out well as its lengthy court battle with the U.S. Securities and Exchange Commission nears a conclusion. The San Francisco-based start-up is fighting the SEC over allegations that Ripple, Garlinghouse and executive chairman Chris Larsen engaged in an illegal securities offering through sales […]
Read More
Bitcoin could hit $100,000 within a year, crypto firm’s CEO predicts
Crypto industry players who are bullish on bitcoin point to various reason why they think the digital currency will go up, including rising inflation and increasing institutional investor participation. But an uncertain regulatory environment continues to prove a headwind for bitcoin. STR | NurPhoto via Getty Images Bitcoin could hit $100,000 within a year, the […]
Read More
We sent bitcoin from Miami to a Ukrainian in Poland who withdrew it as cash, all in less than three minutes
Alena Vorobiova hadn’t thought much about bitcoin before Russia invaded Ukraine in February. Fast forward to border closures and shelling on her hometown, cash shortages at ATMs across the country, and the central bank suspending electronic cash transfers — and she decided to give bitcoin a try. Whereas money providers often charge transfer fees of […]
Read More