The top policy executive at the US-based crypto exchange by trading volume says Trump’s second term will spell a boom for the crypto industry. According to a new CNBC report, Coinbase’s Faryar Shirzad expects the US to begin enacting crypto regulations under Trump very quickly. At a recent Stand with Crypto event in the UK, […]
The post Coinbase Chief Policy Officer Predicts Rapid Pro-Crypto Regulation After Donald Trump Takes Office: Report appeared first on The Daily Hodl.
Michael Saylor is planning a party for Bitcoin to hit $100,000 this year and says it won’t fall to $60,000 as predicted by some analysts.
MicroStrategy founder and Bitcoin bull Michael Saylor has ruled out the chances of Bitcoin retracing to $60,000 — a crucial price level for the majority of 2024.
“I don’t think it is going to $60,000, it is not going to $30,000, I think it is going to go up from here,” Saylor told CNBC on Nov. 14. Bitcoin (BTC) is trading around $87,790, according to CoinMarketCap.
He said Donald Trump’s win “very decidedly” settled the future of crypto and Bitcoin in the United States, adding, “I don’t really see any threats on the near-term horizon.”
CNBC contributor and crypto investor Brian Kelly said Solana is one of the “big three” coins, meaning it’s likely to be the next to receive ETF treatment.
Crypto investor and CNBC ‘Fast Money’ trader Brian Kelly sparked debate on Crypto X on Wednesday after suggesting that Solana (SOL) could be the next cryptocurrency to get a spot exchange-traded fund (ETF) in the United States.
Kelly made the prediction during the CNBC post-market talk show Fast Money on May 22, a day before the Securities and Exchange Commission is due to decide on at least one proposed spot Ether (ETH) ETF.
Some industry observers didn't agree with Kelly's prediction.
CNBC personality Jim Cramer is suddenly flipping bullish on Bitcoin (BTC) after dismissing the digital asset last year. In a new episode of CNBC’s Squawk on the Street, Cramer says that Bitcoin has a bright future in the finance world, having survived sharp criticism and other challenges. “This thing is, you can’t kill [Bitcoin]. And […]
The post CNBC’s Jim Cramer Flips Bullish on Bitcoin, Says BTC Here To Stay After ‘Remarkable Comeback’ appeared first on The Daily Hodl.
Robinhood CEO and co-founder Vlad Tenev says that potential rate cuts by the Federal Reserve and two other things are sparking optimism in the crypto space. In a new interview on CNBC Squawk Box, Tenev says that the expected launch of spot market Bitcoin (BTC) exchange-traded funds (ETFs) and the increasing need for an inflation […]
The post Robinhood CEO Says Potential Fed Rate Cuts and Two Additional Catalysts Boosting Crypto Optimisim appeared first on The Daily Hodl.
Crypto investor Brian Kelly says that many altcoins could start surging next month, following Bitcoin’s (BTC) massive rally. In a new interview on CNBC’s Fast Money, the founder and CEO of digital asset investment firm BKCM says that he expects some altcoins to start rallying in January following a historic price pattern. “Generally what we’ve […]
The post Investor Brian Kelly Says January Could Be Month of Altcoin Breakouts – Here’s His Outlook appeared first on The Daily Hodl.
The former president of the New York Stock Exchange (NYSE) says that one catalyst will inundate cash into Bitcoin (BTC) and other crypto assets. In a new interview with CNBC Television, Tom Farley, the former president of NYSE and current chief executive of the crypto exchange platform Bullish, says that Bitcoin exchange-traded funds (ETFs) will […]
The post Former NYSE President Says This Catalyst Will Trigger Flood of Cash Into Bitcoin and Other Crypto Assets appeared first on The Daily Hodl.
“If Tom or anybody else wanted to be in this field, I would say, ‘Do it within the law,’” SEC Chair Gary Gensler iterated.
The United States securities regulator chief has hinted he would be open to a rebooted crypto exchange FTX — as long as its new leadership stays within the bounds of the law.
SEC Chair Gary Gensler’s comments were made in response to reports that Tom Farley, a former president of the New York Stock Exchange, is now in the running to buy the bankrupt cryptocurrency exchange founded by now-convicted fraudster Sam Bankman-Fried.
“If Tom or anybody else wanted to be in this field, I would say, ‘Do it within the law,’” Gensler said in an interview at DC Fintech Week on Nov. 8, according to CNBC. He added:
“Build the trust of investors in what you’re doing and ensure that you’re doing the proper disclosures — and also that you’re not commingling all these functions, trading against your customers or using their crypto assets for your own purposes.”
Farley is the CEO of cryptocurrency exchange Bullish, which was founded in 2021.
Fintech startup Figure Technologies and cryptocurrency venture capital firm Proof Group are the other two bidders in the mix to buy FTX, according to a Nov. 8 report by the Wall Street Journal, who cited people familiar with the matter.
3 FTX bidders in the Auction are:
— Sunil (FTX Creditor Champion) (@sunil_trades) November 8, 2023
Bullish - Crypto exchange run by Tom Farley
Figure Technologies - fintech start up and
Proof Group - crypto venture-capital firm
Three bidders will be leading a consortium
The winner could restart the exchange after its planned exit from bankruptcy next year, according to the WSJ report.
Meanwhile, in light of Bankman-Fried’s conviction, Gensler said the cryptocurrency industry is still rife with fraudsters and suggested more work needs to be done to keep them away from investors.
“Think about how many actors in this space are not complying right now with international sanctions and money laundering laws and are using crypto for nefarious or bad actions. He said, without naming individuals or companies. Gensler added:
“If it’s a non-compliant fraudster, why would we want them in our markets?”
Related: Could regulation have prevented Sam Bankman-Fried’s criminal verdict?
Despite the SEC’s crackdown on the cryptocurrency industry, U.S. representative Tom Emmer has previously called out Gensler and the securities regulator in December for missing the FTX, Terra-LUNA, Celsius and Voyager failures which collectively wiped out billions of dollars from cryptocurrency investors.
JUST IN: US Congressman Tom Emmer says SEC Chair Gary Gensler is as ineffective as he is incompetent.
— Watcher.Guru (@WatcherGuru) November 8, 2023
pic.twitter.com/6EDvRdOfCh
Emmer went as far to suggest Gensler helped Bankman-Fried gain a “regulatory monopoly” on the cryptocurrency industry prior to FTX’s collapse, but the statement wasn’t backed by any evidence.
The SEC is currently battling out lawsuits against Binance, Coinbase and Ripple over alleged securities violations and Grayscale for its application to convert its Bitcoin Trust product into a spot Bitcoin exchange-traded fund.
Magazine: The truth behind Cuba’s Bitcoin revolution — An on-the-ground report
Ethereum (ETH) co-creator Vitalik Buterin reportedly says that central bank digital currencies (CBDCs) are not developing in the way he had once hoped for. In a new interview with CNBC, Buterin says that he was once more optimistic about CBDCs, but now he believes they have mostly become “front ends” for the traditional banking system. […]
The post Vitalik Buterin Warns CBDCs Moving in Wrong Direction, Calls Them ‘Front Ends’ for the Banking System: Report appeared first on The Daily Hodl.
The chief executive of top US-based crypto exchange Coinbase says that the lack of clear crypto guidelines in the US has caused multiple issues within the industry. In a new interview with CNBC, Coinbase CEO Brian Armstrong says that clear regulatory rules are needed for the US digital assets industry as it continues to burgeon. […]
The post Coinbase CEO Says Lack of Clear Crypto Rules Has Caused ‘Terrible Things,’ Calls for Regulatory Clarity in US appeared first on The Daily Hodl.
