CRYPTOCURRENCY
Breaking: Robinhood Buys Back $605.7 Million Stake from Sam Bankman-Fried in U.S. Government Deal
Robinhood Markets has finalized a $605.7 million share repurchase agreement with the US Marshal Service, acquiring 55.3 million shares of Emergent Fidelity Technologies, which has received approval from the U.S. District Court for the Southern District of New York.
Pompliano said the market was FTX's "judge, jury, and executioner."
Former FTX CEO Sam Bankman-Fried is a pariah in the crypto industry for "careless" mishandling of customer funds and strange behavior on Twitter.
It is High Time to Rethink Holding Strategies as FTX Crisis Roams, Says Blockchain.com CEO
Speaking on CNBC’s “Closing Bell” Thursday, Blockchain.com CEO Peter Smith deemed the collapse of crypto exchange FTX as “a tragedy and total failure of governance.”
A Rising Rate Environment will Tilt from Bonds to Crypto, Says Fundstrat Founder
Thomas (Tom) Lee, the founder of Fundstrat Global Advisors, believes that a hike in interest rates will be a game-changer for crypto because other investments like bonds will become less attractive.
Bitcoin is Still on Track of Hitting $100K in the Long Term, OKCoin CEO says
Speaking on an interview Wednesday, Hong Fang, the CEO of crypto exchange OKCoin, opined that Bitcoin reaching $100,000 would not be a problem in the long term.
CNBC Survey: Most Millennial Millionaires Own Cryptocurrencies at 83%
Based on the technological innovations revamping the world like cryptocurrencies, millennials have been at the forefront to embrace them, as cited by CNBC Millennial Millionaire Survey findings.
Billionaire Bond Manager Jeff Gundlach Says Bitcoin Looks Like A Bubble Waiting to Burst
Jeffrey Gundlach, bond fund manager, said in a recent interview with CNBC that Bitcoin is starting to look like a bubble after it surged above the $23,000 level.
Bitcoin Price Rally Will Peak Out Early in 2021, according to CNBC Report
As one institutional analyst told CNBC—the Bitcoin price could peak out early in 2021, providing another prime opportunity to buy the BTC price dip.
Winklevoss’ Predicts Bitcoin Market Cap of $9 Trillion and BTC Price of $500,000 by 2030
Bitcoin billionaires Tyler and Cameron Winklevoss told CNBC that the Bitcoin price will surge to $500,000 within the next decade and replace gold as a store of value.
CNBC’s Brian Kelly Warns of a Bitcoin Short-Term Correction to $12,000
Brian Kelly, CNBC Fast Money trader, continues to be bullish for Bitcoin but warns of a short-term correction to $12,000.