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DOJ calls for 20-year sentence for Celsius founder Alex Mashinsky: CNBC Crypto World​

Apr 29, 2025 #CNBC #cnbctv

On today’s episode of CNBC Crypto World, major cryptocurrencies trade higher with ether climbing more than 3% to more than $1,800. Plus, the Department of Justice is seeking a 20-year prison sentence for former Celsius CEO Alex Mashinsky. And, Chris Maurice of crypto payments firm Yellow Card discusses regulatory developments around stablecoins in the United States.


10:44

Chapters:
00:00 - CNBC Crypto World, April 29, 2025
0:23 - Bitcoin climbs
0:36 - The headlines
3:54 - Yellow Card's Chris Maurice
 

Eric Trump warns banks could go extinct in 10 years if they don’t embrace crypto​

The Executive Vice President of the Trump Organization, Eric Trump, has warned that if banks don’t change the way they operate, they’ll be extinct in ten years. He made the remarks while also criticizing the modern financial system as being broken, slow, and expensive.

Eric Trump acknowledged that the current banking system favors the ultra-wealthy. He added that what got him into cryptocurrencies was when he realized the banking system was “weaponized” against the vast majority of people in the U.S.

More:

https://www.msn.com/en-us/money/mar...S&cvid=e72320b902804e69a2ae8fcd9aae6487&ei=41
 
I've never heard of Fold before. I have no idea what they do or how they fit in the crypto ecosystem.
 
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Bitcoin trades above $97,000 following solid April jobs report: CNBC Crypto World​

May 2, 2025 #CNBC #cnbctv

On today’s show, bitcoin and ether climb along with broader markets following a better-than-expected jobs report for April. Plus, PayPal says the SEC ended its investigation into the company’s stablecoin. And, Alison Mangiero, head of staking policy at the Crypto Council for Innovation explains the goal of a letter sent to the SEC calling for clarity on staking.


11:17

Chapters:
00:00 - CNBC Crypto World, May 2, 2025
0:25 - Bitcoin climbs
1:20 - The headlines
3:54 - CCI's Alison Mangiero
 
MALÉ, Maldives, May 4, 2025 /PRNewswire/ -- The Maldives Government and MBS Global Investments are to create an US$8.8bn Maldives International Financial Centre (MIFC) - a wholly sustainable, Financial Freezone in Malé, Maldives, designed for and created to attract global financial institutions, fintech pioneers, and global digital Nomads.

Allowing the Maldives to diversify beyond tourism, it will attract the future of finance and position Malé as the premier global business and financial hub in the Indian Ocean through an integrated, mixed-use urban district.

MIFC will offer no corporate tax, tax-free inheritance, ownership as per the constitution of the Maldives, and privacy. Combined with no residency requirements, it's set to attract digital nomads, entrepreneurs, and wealth creators seeking freedom without borders.

Residents will benefit from multi-currency banking and access to offshore private banking. Future-ready regulations will support digital assets, and green finance - making MIFC not just a financial hub, but a destination for those investing in the legacy of future generations.

Due to be completed by 2030, it will be easily accessible from any part of the world and the aim is to notably increase the country's GDP within four years with projected revenue to be well over US $1bn by the fifth year.

The centrepiece of MIFC is a state-of-the-art conference centre with capacity for 3,500 people. The multi-purpose convention venue will host leading global conferences, cultural events and innovation-driven hackathons establishing Male as leading assembly hub, driving all year round engagement in the Maldives and further supporting the wider, already established hospitality industry

The plan includes three iconic residential and office towers designed for international HQs and regional offices, high-end, sea front branded residences, world-renowned hotel brands, vibrant and one-of-a-kind retail experience, Oceanographic Museum, Mosque, and leading education facilities including an International School.
...
Click to expand...

www.prnewswire.com

THE GOVERNMENT OF THE MALDIVES AND MBS GLOBAL INVESTMENTS PLEDGE $8.8 BILLION TO CREATE THE MALDIVES INTERNATIONAL FINANCIAL CENTRE

/PRNewswire/ -- The Maldives Government and MBS Global Investments are to create an US$8.8bn Maldives International Financial Centre (MIFC) - a wholly...
www.prnewswire.com www.prnewswire.com

The Maldives want to become a hub for the crypto industry.
 
I didn't think Maxi was a "thing" anymore. Guess I was wrong.

Top House Democrat Maxine Waters blocks crypto legislation hearing: CNBC Crypto World​

May 6, 2025 #CNBC #CNBCTV

On today’s episode of CNBC Crypto World, Rep. Maxine Waters, the leading Democrat on the House Financial Services Committee, blocked a joint hearing with the House Agriculture Committee on a digital asset market structure bill, citing alleged corruption by the president over his crypto ties. Plus, Jack Mallers, who is now the CEO of Twenty One, discusses the new company, which would allow for a singular vehicle for bitcoin exposure.


12:34

Chapters:
0:00 - Introduction
0:31 - Bitcoin inches higher
0:45 - The headlines
4:30 - Jack Mallers of Twenty One
 

Ether surges nearly 25% for its best week in four years: CNBC Crypto World​

May 9, 2025 #CNBC #CNBCTV
On today's episode of CNBC Crypto World, bitcoin rises to $103,000 while ether soars 25% for the week. Plus, the Senate fails to advance stablecoin legislation after Democrats raised national security and money laundering concerns. And, Katrina Paglia of Pantera discusses what's next for crypto regulation bills after the legislation setback.


8:39

Chapters
00:00 - CNBC Crypto World, May 9, 2025
0:26 - Cryptocurrencies rise
1:01 - The headlines
3:42 - Katrina Paglia of Pantera
 

Why the Senate crypto bill tanked​

The cryptocurrency industry, riding high amid the friendliest Washington environment in its history, just suffered its first major setback of the Trump era.

Senate Democrats’ move Thursday to reject an industry-backed crypto bill delivered a significant blow to the digital asset lobby’s standing on Capitol Hill, where its agenda suddenly appears to be on wobbly ground.

The crypto bill may still have a path forward. But the industry’s effort to influence policymakers on both sides of the aisle with hundreds of millions of dollars in political spending is running up against sharp partisan fissures in Congress as Democrats look for new avenues to resist President Donald Trump.

More:

 
Sen. Elizabeth Warren is still trying to prosecute her war on crypto. Election season is over.
 

Trump’s crypto agenda is being threatened by his pursuit of personal profits​

  • Multiple senators cited Trump’s crypto entanglements as a key reason for their opposition to new legislation.
  • The “End Crypto Corruption Act,” introduced by Senate Democrats, aims to prohibit elected officials and senior executive branch personnel from issuing or endorsing digital assets.
  • Some in the industry say the focus on Trump’s conflicts is derailing critical policy progress for the broader crypto sector.
President Donald Trump is standing in his own way when it comes to passing crypto legislation.

Lawmakers this week rejected the GENIUS Act — a bill meant to establish federal rules for stablecoins — due in part to concerns that President Trump’s personal cryptocurrency ventures have created an unprecedented conflict of interest.

“Currently, people who wish to cultivate influence with the president can enrich him personally by buying cryptocurrency he owns or controls,” Sen. Jeff Merkley, D-Ore., said in a statement to CNBC explaining his opposition to the bill. “This is a profoundly corrupt scheme. It endangers our national security and erodes public trust in government.”

 

Dubai To Enable Cryptocurrency Payments for Government Fees​

The Department of Finance in Dubai Government (DOF) has partnered with cryptocurrency trading platform Crypto.com to enable the payment of government service fees using cryptocurrencies.

The signing took place on the sidelines of DOF and Crypto.com's participation in the Dubai FinTech Summit at the Dubai International Financial Centre.

The partnership supports the implementation of the Dubai Cashless Strategy by enabling secure, efficient and inclusive financial transactions through cryptocurrencies. It also paves the way for Dubai's transition to a fully digital, cashless society by empowering the Government of Dubai to introduce a new digital payment channel across its official platforms.

More:

https://www.msn.com/en-us/money/sma...S&cvid=7783da25e2b0481fb5b0f81f86832457&ei=14
 

Coinbase joining S&P 500 days after bitcoin soared past $100,000​

  • Coinbase is joining the S&P 500, replacing Discover Financial, which is being acquired.
  • Shares of the crypto exchange soared in extended trading after the announcement.
  • Bitcoin eclipsed the $100,000 market last week, approaching its record reached in January.
Coinbase is joining the S&P 500, replacing Discover Financial Services in the benchmark index, according to a release on Monday. Shares of the crypto exchange jumped 8% in extended trading.

The change will take effect before trading on May 19. Discover is in the process of being acquired by Capital One Financial

More:

 

Trump family's bitcoin mining venture to go public — as Trump crypto interests grow​

A bitcoin mining firm backed by President Trump's son Eric will go public this year, the company announced Monday, deepening the Trump family's interest in cryptocurrency.

American Bitcoin — which lists Eric Trump as its co-founder and has its roots in a company backed by Donald Trump Jr. — is merging with the publicly-traded Gryphon Digital Mining. The all-stock transaction will allow the firm backed by the Trump brothers to be listed on the Nasdaq exchange. The merger is expected to close as early as the third quarter of this year.

The company's goals, according to an overview posted Monday, are to mine new bitcoin "below market cost" and to build up a reserve of the cryptocurrency.

"Our vision for American Bitcoin is to create the most investable Bitcoin accumulation platform in the market," Eric Trump said in a statement.

More:

https://www.msn.com/en-us/money/com...S&cvid=4aeee2a14c77400a912b91ada9be92af&ei=21
 

Coinbase Global Says Customer Data Stolen, Held For Ransom​

Coinbase Global said an unknown party has stolen customer data and is demanding money in exchange for not publicly disclosing the information.

Coinbase on Thursday said it hasn’t paid the demand, and the cryptocurrency exchange estimated preliminary expenses of $180 million to $400 million for remediation costs and voluntary customer reimbursements relating to the incident.

More:

https://www.msn.com/en-us/money/mar...S&cvid=87a7b375c2494d13bc2513c7dacb0c6f&ei=18
 
...
The New York company said it received an email communication earlier this week from an unknown party who claimed to have obtained information about certain customer accounts, adding that the threat actor appears to have obtained the information by paying multiple contractors or employees working in support roles outside the U.S.

Coinbase said it determined that the email is credible, and that while customer funds weren’t accessed, the stolen data includes personal information such as names, addresses, phone numbers and email addresses; masked social-security and bank-account numbers; government‑ID images such as driver’s licenses and passports; and account data such as balance snapshots and transaction histories.

Coinbase said it is working with law enforcement in the investigation of the incident, adding that it is opening a new support hub in the U.S. and taking other measures to harden its defenses.
...
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So reading between the lines - outsourcing customer support to 3rd world call centers is a security risk. The money saved on labor didn't pay off as they now face huge expense and reputational damage.
 

Novogratz’s Galaxy Digital opens for trading on the Nasdaq: CNBC Crypto World​

May 16, 2025 #CNBC #CNBCTV
On today’s episode of CNBC Crypto World, Galaxy Digital shares open for trading on the Nasdaq. Plus, XRP falls after a federal judge rejects the SEC and Ripple’s $50 million settlement proposal. And, Paul Grewal, Coinbase’s chief legal officer, addresses the data breach that could cost the crypto exchange up to $400 million to fix.


13:54

Chapters:
00:00 - CNBC Crypto World, May 16, 2025
0:22 - Bitcoin climbs
2:07 - The headlines
5:33 - Coinbase's Paul Grewal
 
searcher said:

Trump’s crypto agenda is being threatened by his pursuit of personal profits​

  • Multiple senators cited Trump’s crypto entanglements as a key reason for their opposition to new legislation.
  • The “End Crypto Corruption Act,” introduced by Senate Democrats, aims to prohibit elected officials and senior executive branch personnel from issuing or endorsing digital assets.
  • Some in the industry say the focus on Trump’s conflicts is derailing critical policy progress for the broader crypto sector.
President Donald Trump is standing in his own way when it comes to passing crypto legislation.

Lawmakers this week rejected the GENIUS Act — a bill meant to establish federal rules for stablecoins — due in part to concerns that President Trump’s personal cryptocurrency ventures have created an unprecedented conflict of interest.

“Currently, people who wish to cultivate influence with the president can enrich him personally by buying cryptocurrency he owns or controls,” Sen. Jeff Merkley, D-Ore., said in a statement to CNBC explaining his opposition to the bill. “This is a profoundly corrupt scheme. It endangers our national security and erodes public trust in government.”

Click to expand...

Update

Senate advances a major crypto regulation bill on a bipartisan vote​

The Senate advanced a major cryptocurrency regulation bill Monday on a bipartisan vote two weeks after every Senate Democrat united to block it.

The procedural vote on the GENIUS Act — which would establish the first regulatory framework for issuers of stablecoins, digital tokens pegged to fiat currencies like the U.S. dollar — was 66-32. Sixteen Democrats voted with the majority of Senate Republicans to advance the bill. Two Republicans, Sens. Rand Paul of Kentucky and Jerry Moran of Kansas, voted against it.

The bill needed to cross the 60-vote threshold to advance to final passage in the Senate, where Republicans hold a three-seat majority.

Democratic support to proceed with the legislation was unlocked after a group of bipartisan negotiators — Sens. Bill Hagerty, R-Tenn; Cynthia Lummis, R-Wyo.; Mark Warner, D-Va.; Kirsten Gillibrand, D-N.Y.; Angela Alsobrooks, D-Md.; and Ruben Gallego, D-Ariz. — reached an agreement late last week on an amendment to the bill that addressed key sticking points for Democrats.

More:

 
Bitcoin hits new all time high today at over $109k. Alt coins have not yet caught the wave (they are lagging).
 
I remember the good old.days when BTC was.under $100k last week.
 
pmbug said:
Bitcoin hits new all time high today at over $109k. Alt coins have not yet caught the wave (they are lagging).
Click to expand...

The guy I would consider very knowledgeable says BTC is going to hit a million. He told people to buy it when it hit parity at $1... Too bad I did not know of him for many years later.
 

Stablecoins will lower the cost of transactions and help U.S. dollar supremacy: Anthony Scaramucci​

May 22, 2025
Anthony Scaramucci, SkyBridge Capital founder and managing partner, joins 'Squawk Box' to discuss the latest bitcoin rally, optimism for U.S. crypto regulations, President Trump's stance on crypto, his thoughts on stablecoins, and more.

Stablecoins will lower the cost of transactions and help U.S. dollar
 

Bitcoin drops as Trump calls for 50% tariff on European Union starting next month: CNBC Crypto World​

May 23, 2025 #CNBC #CNBCTV #Crypto
On today’s episode of CNBC Crypto World, bitcoin falls after President Donald Trump said he is “recommending a straight 50% Tariff on the European Union” amid stalled trade negotiations. Plus, the president hosted a dinner for top holders of his meme coin as some Democrats raised ethics concerns. And, Kevin Lehtiniitty of Borderless.xyz reacts to the Senate advancing the GENIUS Act stablecoin regulation bill this week.


11:36

Chapters:
0:00 - CNBC Crypto World, May 23, 2025
0:27 - Bitcoin slides
1:09 - The headlines
3:40 - Kevin Lehtiniitty of Borderless.xyz
 

Severed Fingers and ‘Wrench Attacks’ Rattle the Crypto Elite​

PARIS—The screams echoed down the narrow street in a trendy neighborhood here early Tuesday morning: “Help! Help! Help!”

Three men in black masks had jumped on a 34-year-old woman whose father runs Paymium, a French cryptocurrency exchange. Brandishing canisters of mace and what looked like a gun, the masked men attempted to force the woman and her toddler into an idling white van disguised as a delivery truck.

But her husband threw himself between his family and the attackers, while a neighbor hustled away their child. “Let go of me!” the woman yelled as the assailants bludgeoned the husband, his head seen spattered with blood in videos taken from nearby buildings.

With other neighbors closing in, and a shopkeeper readying to throw a fire extinguisher, the would-be abductors jumped in the back of their van and sped off.

The brazen attack was the latest in a wave of violent abductions around the world, including several in the U.S., targeting crypto executives and their families. Victims have been pistol whipped, abducted, and—in two cases—had fingers severed.

More:

https://www.msn.com/en-us/money/tec...the-crypto-elite/ar-AA1EYvYC?ocid=socialshare
 

Bitcoin heads for winning month despite return of trade war fears: CNBC Crypto World​

May 30, 2025 #CNBC #CNBCTV #Crypto
On today's episode of CNBC Crypto World, cryptocurrencies slip alongside a pullback on Wall Street driven by trade concerns. Plus, Michael Saylor of Strategy reacts to the rise of corporations buying bitcoin. And, NBA star Tristan Thompson discusses the latest on his projects that blend crypto, web3 and AI.


19:46

Chapters
00:00 - CNBC Crypto World, May 30, 2025
0:19 - Cryptocurrencies dip
1:23 - Strategy’s Michael Saylor
10:43 - NBA’s Tristan Thompson
 
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