CNBC – Page 3 – DIGIT INFO

Bitcoin won’t hedge inflation until it hits 1B wallets: Scaramucci

The Skybridge Capital CEO said Bitcoin needs much more proliferation before it can act as an inflation hedge.

Russia’s GDP Decline Less Severe Than Expected, Wall Street Returns to Russian Bonds, Putin Criticizes US ‘Hegemony’

While the ongoing war in Ukraine continues, the Ministry of Economic Development of the Russian Federation detailed this week that Russia’s economic hardships are less severe than expected. Russia’s economic ministry says that the economy’s gross domestic product (GDP) is estimated to drop by 4.2% this year and Russia’s inflation won’t be as elevated as […]

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The bottom is in: CNBC’s Jim Cramer says crypto has “no real value”

Mad Money host Jim Cramer has changed his sentiment on crypto again, predicting the total market cap will tank below $1 trillion as “there’s no real value there.”

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New York Bill That Aims to Establish a Bitcoin Mining Moratorium Awaits Governor Hochul’s Signature

The state of New York passed a bill that puts a moratorium on specific types of cryptocurrency mining operations that leverage carbon-based energy sources. The policy will place a two-year ban on proof-of-work (PoW) mining if the assembly bill is approved by New York governor Kathy Hochul. New York PoW Mining Moratorium Legislation to Be […]

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Billionaire Ray Dalio Speaks in Davos — Says ‘Blockchain Is Great, but Let’s Call It Digital Gold’

Billionaire Ray Dalio Speaks in Davos — Says 'Blockchain Is Great, but Let’s Call It a Digital Gold'

This week the world has been talking about the World Economic Forum (WEF) meeting in Davos, Switzerland, which started on May 22 and ends on May 26. At the event, Bridgewater Associates founder Ray Dalio spoke about today’s economy, the Federal Reserve, cash, and cryptocurrencies. Dalio noted at the WEF conference that he believes blockchain […]

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Solana Co-Founder Believes Bitcoin Needs to Change to Proof-of-Stake Consensus to Remain Relevant

Anatoly Yakovenko, one of the co-founders of Solana, the proof-of-stake based, smart contracts enabled blockchain, issued a series of statements criticizing bitcoin’s consensus algorithm. In an interview on CNBC, Yakovenko stated that bitcoin might lose adoption if it doesn’t change to a proof-of-stake (PoS) consensus algorithm. Other organizations have also attacked bitcoin, hinting at this […]

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Secretary Yellen recognizes ‘benefits of crypto’ despite lingering skepticism

U.S. Secretary of the Treasury, Janet Yellen speaks to CNBC’s Squawk Box shares her views on the state of digital assets amid calls for imposed regulations.

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Defunct File-Sharing Platform Limewire Plans a Comeback, NFT Marketplace and Token on the Horizon

The once-popular and now discontinued file-sharing platform Limewire is returning after shutting down in 2010. However, rather than provide access to copyrighted music files and movies, the new Limewire aims to launch a marketplace dedicated to non-fungible token (NFT) technology. Limewire Plans to Return With an NFT Marketplace Platform Limewire plans to return from the […]

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A DAO Is Attempting to Raise $4 Billion to Purchase the Denver Broncos

A decentralized autonomous organization (DAO) wants to purchase the National Football League (NFL) team the Denver Broncos. The DAO called “Buy the Broncos DAO” (BBD) wants to obtain the NFL team as a community and “put ownership in the hands of the fans.” A Newly Formed DAO Wants to Buy the Denver Broncos Franchise A […]

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Here’s why Bitcoin traders shouldn’t overanalyze US inflation data

Analysts say record high inflation in the United States is impacting crypto market momentum, but is the impact of the data overstated to the detriment of investors?

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