Category: News


Wallstreetbets Reinstates Ban on Cryptocurrency Discussions, Citing Bloomberg Coverage


Wallstreetbets Moderators Reinstate Ban on Cryptocurrencies Discussions, Citing Bloomberg CoverageThe moderators of the famous Reddit forum Wallstreetbets, known for putting Gamestop (GME) stock prices on the map as a worldwide trending topic, lifted a ban on all discussions related to bitcoin, ethereum, and dogecoin. However, the decision has been reversed after a recently published Bloomberg article. Bitcoin, Ethereum, Dogecoin Were Allowed to Discuss for […]


NFT Roundup: Tom Brady’s Autograph Initiative, Topps Digital Baseball Cards, Annoying Orange’s 4K NFT Clip


NFT Roundup: Tom Brady’s Autograph Initiative, Topps Digital Baseball Cards, Annoying Orange’s 4K NFT ClipThe past week has been busier than usual for the NFT ecosystem. Rap stars Jeezy and Riff Raff entered the NFT realm, Hoard introduced its lending platform for NFT-collateralized crypto loans, The Topps Company is dropping its Series 1 Baseball collectibles, super-quarterback Tom Brady is launching his own NFT initiative, Terra Virtua is releasing a […]


Jim Cramer cashes out half his ‘phoney money’ Bitcoin to pay off mortgage


CNBC host Jim Cramer says he’s “won,” cashing out half of his Bitcoin portfolio to pay off his mortgage, stating that it’s “phoney money paying for real money.”

Business TV personality and converted Bitcoin proponent Jim Cramer has sold half of what he calls his “phoney money” Bitcoin portfolio to pay off his mortgage.

During Thursday’s broadcast of “Squawk on the Street,” co-anchor Jim Cramer revealed that he’s “decided to become an apostate,” by selling off half of his Bitcoin holdings to pay off his home. 

Cramer, who also hosts Mad Money, said that he bought a lot of Bitcoin at $12,000 because he thought it was a currency, and finally decided to take profits.

“I know people are going to be angry with me, but I paid off a mortgage yesterday with it.”

“It was like, kind of, phoney money paying for real money,” Cramer laughed. “I now own a house — lock, stock, and barrel — because I bought this currency. I think I won!”

Twitter user “SZ BeatzCoin” likened Cramer selling to the infamous pizza purchase for 10,000 BTC.

Once a Bitcoin critic, Cramer told his CTO to put $500,000 into Bitcoin after speaking to Morgan Creek Digital co-founder Anthony Pompliano in September last year. He even considered putting 1% of his $150 million net worth into the digital asset.

At the time, BTC was hovering between $10,000 and $12,000 but is now sitting at $63,000, up 425% in only six months.

Famous NFL player Russell Okung, called to Pompliano to pull Cramer back onto the straight and narrow:

In December, Cramer said he bought more around the $17,000 price range, although he didn’t reveal how much.

The TV personality returned to Pompliano’s podcast on March 22 to thank-him for the encouragement, explaining that he has since pulled out his initial investment and is now playing “with the house’s money,” and that he’s “never going to touch it.” That obviously hasn't lasted.

Although he didn’t reveal how much his Bitcoin portfolio was worth, according to the cryptocurrency’s performance, it could have been around $2.4 million.

During the brief discussion on “Squawk on the Street” Cramer also reaffirmed his opinions regarding Coinbase’s listing yesterday, stating that a $600 price target for Coinbase’s COIN stock is still right.

“This is all a scarcity, we don’t have any other way for mutual funds to be involved with crypto.”

By investing in Coinbase stock, he added, you not only get crypto but also “honest management.”


Edward Snowden Plans to Auction an NFT, Proceeds Will Go to Freedom of the Press Foundation


Edward Snowden Plans to Auction an NFT, Proceeds Will Go to Freedom of the Press FoundationThe whistleblower and former Central Intelligence Agency (CIA) employee and subcontractor Edward Snowden has revealed he is stepping into the world of non-fungible token (NFT) assets. Moreover, 100% of the NFT sale proceeds will be donated to the Freedom of the Press Foundation. American Whistleblower Edward Snowden Mints an NFT Edward Snowden is a well […]


Insurance Giant AXA Allows Swiss Clients to Pay for Services With Bitcoin


The French multinational insurance firm AXA is now allowing clients in Switzerland to pay for services in bitcoin. The newly added support is part of the company’s “digital future” and stems from customer demand for crypto payments. AXA Supports Bitcoin Payments In Switzerland AXA has announced it is the first all-lines insurer in the country […]


200-Year-Old American Wine Shop Now Accepts Cryptocurrencies 


200-Year-Old American Wine Shop Now Accepts CryptocurrenciesNearly every day now a new company is announcing the acceptance of cryptocurrencies in some form or another. Now one of the world’s largest fine wine auction houses and America’s oldest wine shop Acker has revealed digital currency acceptance to pay for auction payments and retail wine purchases. Wine Shop Acker Jumps Into the Crypto […]


Grayscale tops $50 billion: ‘Will soon pass world’s largest commodity ETF’


Grayscale continues to grow, passing $50 billion. That's equivalent to the world’s second-largest commodity ETF.

Major U.S. asset manager Grayscale has just surpassed $50 billion in cryptocurrency assets under management for the first time. Grayscale's AUM is creeping ever closer to the $57 billion holdings of the largest commodity ETF.

The company has plans to convert into an ETF when regulations allow. 

If the ETF had been approved already, Grayscale would be the second-largest commodity ETF behind SPDR Gold Shares. GLD is a physically-backed gold exchange-traded fund (ETF) with listings on stock exchanges in the U.S., Mexico, Singapore, Japan, and Hong Kong.

Grayscale CEO Michael Sonnenshein tweeted that he believes the Grayscale Bitcoin Fund, or GBTC, is likely to surpass the GLD fund by market cap in a few months.

Grayscale provides cryptocurrency exposure to institutional investors and holds approximately 660,000 BTC in total representing 3.5% of Bitcoin’s 18.68 million circulating supply. Almost 655,000 of these are held in Grayscale's Bitcoin Trust.

Grayscale doesn’t just deal in Bitcoin, with almost 20% of the company’s AUM spread across a dozen other cryptocurrencies including Ethereum ($7.4b), Litecoin ($405m), Ethereum Classic ($267m), and Bitcoin Cash ($234m). In the last month, five more trusts were created — Decentraland's MANA ($18.6m), Livepeer ($13m), Filecoin ($7.7m), Basic Attention Token ($4.8m) and Chainlink ($4.5m).

The firm is already the largest U.S. digital asset manager by a large margin, with Pantera, the second-largest manager, holding only $4.3 billion, less than one-tenth of the $50 billion held by Grayscale.

Yesterday the asset manager announced a partnership with Time Magazine to produce an educational crypto videos series. The magazine also agreed to receive payment in Bitcoin and hold the digital asset on its balance sheet.


Investors File Class Action Lawsuit Before the National Court of Spain Over an Alleged $298M Crypto Scam


Investors File Class Action Lawsuit Before the National Court of Spain on an Alleged $298M Crypto ScamA group of Spaniards filed the first crypto-related class-action lawsuit before the National Court of Spain on an alleged million-dollar scam. The lawsuit targets an individual accused of allegedly scammed over 300 small crypto investors across Spain. Money Stolen Could Amount Up to $3.58 Billion Per El País, the class-action lawsuit claims that an individual […]


Over $750 Million in Bitcoin from the 2016 Bitfinex Hack Moved Today


Over $750 Million in Bitcoin from the 2016 Bitfinex Hack Moved TodayOn Wednesday, after bitcoin prices touched a new all-time high, thousands of bitcoins from the August 2, 2016, Bitfinex hack were transferred to unknown wallets. The exact count of BTC moved from the hack is not entirely clear, but one blockchain parser shows that over 12,208 BTC from the 2016 Bitfinex breach worth $754 million […]


Popular Nightclub E11even Miami Reveals Cryptocurrency Payment Acceptance


Popular Nightclub E11even Miami Reveals Cryptocurrency Payment AcceptanceWhile crypto assets have seen monumental gains this week, the popular nightclub in Florida, E11even Miami will accept bitcoin and a slew of other digital assets for merchandise, beverages, and tables. Following the pandemic, E11even Miami will be reopening on April 23 and will have crypto asset support when the nightlife establishment reconvenes services. 24-Hour […]


Coinbase IPO Today: Reference Price Set at $250, Investors See Nasdaq Listing as ‘Watershed’ for Crypto


Coinbase IPO Today: Reference Price Set at $250, Investors Sees Nasdaq Listing as 'Watershed' for CryptoCoinbase’s IPO via a direct listing on Nasdaq is today. Nasdaq has set a reference price of $250 for the stock which will trade under the ticker symbol COIN. Investors are describing Coinbase’s public debut as a “watershed” moment for the crypto industry. Coinbase’s Reference Price Set at $250 by Nasdaq Investors are eagerly waiting […]



Civil Lawsuit Against Craig Wright Wants High Court to Rule Against His Bitcoin White Paper Claims


Civil Lawsuit Against Craig Wright Wants High Court to Rule Against His Bitcoin White Paper ClaimsThe Crypto Open Patent Alliance (COPA), a bitcoin industry working group focused on patent laws, has filed a civil lawsuit in the UK against Craig Wright. For many years now Wright has insisted he is Satoshi Nakamoto, but has yet to prove so to the greater crypto community. COPA is looking to get the UK […]


Latest Episode of The Simpsons Prices Bitcoin at ‘Infinite’ as the Crypto Consolidates Above the $60K Threshold


Latest Episode of The Simpsons Prices Bitcoin at 'Infinite' as the Crypto Consolidates Above the $60K ThresholdBulls are taking the reins of the price action in the bitcoin across the board, making a solid breakout above the $60,000 threshold, reaching new all-time highs, and it seems The Simpsons “did it again.” In a new episode broadcasted on Sunday, BTC is highlighted in a ticker news feed with the infinite sign. Gamestop […]


TIME Magazine Gets Into Bitcoin: Partners With Grayscale, Will Hold BTC on Balance Sheet


TIME Magazine Gets Into Bitcoin: Partners With Grayscale, Will Hold BTC on Balance SheetTIME Magazine will be holding bitcoin on its balance sheet, the company’s president has confirmed. TIME is also partnering with Grayscale Investments to produce a video series on cryptocurrency and has agreed to be paid in bitcoin. TIME Magazine Will Hold Bitcoin on Balance Sheet TIME Magazine has partnered with Grayscale Investments to produce a […]



Akon City 2: Akon Unveils Plan to Build Second Futuristic Cryptocurrency City in Africa


Akon City 2: Akon Unveils Plan to Build Second Futuristic Cryptocurrency City in AfricaAnother futuristic cryptocurrency city will be built in Africa, Senegalese-American star Akon has announced. The government of Uganda will make land available to him for the construction of the new crypto city. The akoin cryptocurrency will be used in the city, similar to how it will be in Akon City, the $6 billion “real-life Wakanda” […]


Report Claims the FBI Uses Bitcoin Mixers During BTC Forfeiture Processing


Report Claims the FBI Uses Bitcoin Mixers During BTC Forfeiture ProcessingOver the last eight years, U.S. law enforcement has seized a great number of bitcoins and at one time, the Federal Bureau of Investigation (FBI) held one of the largest bitcoin wallets after the Silk Road takedown. A recently published report shows the FBI has started using cryptocurrency mixing applications in recent times in order […]


Report Claims Ukrainian Officials Hold Over $2.6 Billion in Bitcoin


Ukrainian Officials Hold Over $2.66 Billion Worth in Bitcoin, Report ShowsThe latest declarations from Ukrainian public officials revealed a billion-dollar amount of money they allegedly own in bitcoin. An online incentive gathered data from 791,872 state employees and 652 respondents disclosed their crypto holdings. The Biggest Crypto Holder in the Report Has 18,000 BTC According to the Opendatabot site, officials currently hold a total of […]


English Football Club Signs Sponsorship Deal That Includes Option of Being Paid Bonuses in Bitcoin


English Football Club Signs Sponsorship Deal That Includes Option of Being Paid Bonuses in BitcoinSouthampton Football Club, a soccer team currently ranked 13th in England’s Premier League, recently signed a new sponsorship deal that includes an option for the club to be paid certain performance-based bonuses in bitcoin. The deal also extends the club’s partnership with the Coingaming Group as Main Club Partner for a further three years. Also, […]


Piper Sandler Survey Shows 9% of American Teens Have Traded Cryptocurrency


Piper Sandler Survey Shows 9% of American Teens Have Traded CryptocurrencyThe American independent investment bank and financial services company, Piper Sandler has published its latest “Taking Stock With Teens” survey which notes that 9% of U.S. teenagers have traded cryptocurrencies. 7,000 teenagers were polled and roughly 81% of those who have traded digital currencies were male. 9% of American Teens Claim to Have Traded Crypto […]


The Most Viewed Crypto Videos: Ethereum Captured More Views on Youtube in 12 Months Than Bitcoin


The Most Viewed Crypto Videos: Ethereum Captured More Views on Youtube in 12 Months Than BitcoinTotal Processing, a merchant services company has published a study this week about the most-watched cryptocurrency videos on Youtube during the last year. Even though bitcoin has climbed 700% since last April, ethereum has climbed 1,100% and videos pertaining to ethereum have accumulated the most views since April 2020. Ethereum Videos Are the Most Viewed […]



Spanish Travel Compensation Firm Signs Deal With Domestic Exchange to Reimburse Travelers With Cryptos


Spanish Travel Compensation Firm Signs Deal With Domestic Exchange to Reimburse Travelers With CryptosSpanish travelers will soon be available to fill out claims for incidents related to airline delays, baggage losses, overbooking, among others, and be compensated with cryptocurrencies. The possibility is now a reality thanks to a partnership between a domestic crypto exchange and an airline platform. Platform Allocated Euros in an Account on the Crypto Exchange […]


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