Bitcoin may lose its reputation as a volatile asset. Here’s why

Bitcoin may start to lose its reputation as a volatile asset. According to Bitwise Asset Management’s Matt Hougan, the cryptocurrency’s wild price swings have come down substantially over the past decade. “What’s driving the bitcoin market right now is a simple demand-supply imbalance,” the firm’s chief investment officer told CNBC’s “ETF Edge” on Monday. “We … Read more

Bitcoin (BTC) price predicitions for 2024

Filip Radwanski | Sopa Images | Lightrocket | Getty Images Bitcoin had a huge rally in 2023, with the digital currency up some 152% for the year. And a number of commentators CNBC spoke to — both inside and outside of the cryptocurrency industry — expect the rise to continue. After hitting a record high … Read more

Changpeng Zhao speaks after DOJ plea deal, names Richard Teng new Binance CEO

Binance founder and CEO Changpeng Zhao pleads guilty to felony charges Tuesday related to his failure to prevent money laundering on the crypto exchange platform. King 5 News Seattle After pleading guilty to federal criminal charges and stepping down from his post as Binance CEO, Changpeng Zhao on Tuesday named Richard Teng as the new … Read more

Block (SQ) earnings report, Q3 2023

Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square arrives on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. Joe Raedle | Getty Images Shares of fintech firm Block surged as much as 19% … Read more

FTX top engineer says Bankman-Fried spent $1.13 billion on celebrities

Nishad Singh, former director of engineering at FTX, arrives at court in New York, Oct. 16, 2023. Yuki Iwamura | Bloomberg | Getty Images Nishad Singh, FTX’s former director of engineering, told jurors Monday that Sam Bankman-Fried, the founder of the failed crypto exchange, spent huge sums of money on everything from real estate and … Read more

Caroline Ellison said SBF considered raising money from MBS to repay FTX

Caroline Ellison, former chief executive officer of Alameda Research LLC, exits court in New York, US, on Tuesday, Oct. 10, 2023.  Yuki Iwamura | Bloomberg | Getty Images Caroline Ellison, who ran Sam Bankman-Fried’s crypto hedge fund while also dating the FTX founder, told jurors in her second day of testimony that one way her … Read more

FTX customers who lost fortune are doubling down on crypto

FTX’s multibillion-dollar cryptocurrency blowup hasn’t destroyed all faith in the industry.  In a new documentary premiering Monday, FTX customers, insiders and investors tell CNBC that despite not receiving a single dollar’s worth of cryptocurrency back, they’re optimistic on the industry and plan to keep investing.  Evan Luthra, an app developer, entrepreneur and angel investor, told … Read more

FTX lobbyist tried to purchase island Nauru, create superspecies: lawsuit

The Nauru ring highway runs proper across the island nation of Nauru. (C) Hadi Zaher | Second | Getty Photos Sam Bankman-Fried’s youthful brother, who was a high lobbyist for failed crypto trade FTX, thought-about buying the island nation of Nauru within the Pacific to create a fortified apocalypse bunker state, a lawsuit filed in … Read more