A new CNBC survey suggests that only 8% of Americans have a favorable view of cryptocurrency as of the end of November, down significantly from the 19% recorded in March. CNBC’s All-America Economic Survey was conducted between Nov. 26 and Nov. 30. It, however, should be taken with a grain of salt as, despite its name, it had a relatively small sample size of 800 respondents across the U.S. in total, with a margin error of +/- 3.5%. The survey was published on Dec. 7, and alongside the declining number of crypto friendly respondents, CNBC highlighted that the number of …

A lawyer for BlockFi told the first day hearing of its bankruptcy proceedings that the crypto lender has $355 million stuck on FTX and that the collapsed exchange’s sister company Alameda Research has defaulted on a $680 million loan. BlockFi filed 15 motions on Nov. 28 which were approved by the court in the first day hearing on Nov. 29, including the redaction of personal details of its 50 largest creditors, and the appointment of Kroll Restructuring Administration as its claims and noticing agent — the same firm chosen by FTX for its chapter 11 bankruptcy case. In a message …

Fidelity Investments is expanding retail access to commission-free cryptocurrency trading services — a move designed to recognize growing mainstream interest in digital assets. According to CNBC, Fidelity’s new crypto offering will be powered by its subsidiary Fidelity Digital Assets. Dubbed Fidelity Crypto, the new service will give retail investors the ability to buy and sell Bitcoin (BTC) and Ether (ETH) with minimal fees. Instead of a commission, Fidelity Crypto will incorporate a 1% spread into every trade. In financial markets, a spread represents the difference between the buy and sell prices quoted for an asset. Although Fidelity didn’t specify a …

Connecticut-based advisory firm Tuttle Capital Management has submitted a preliminary prospectus filing with the U.S. Securities and Exchange Commission (SEC) for two new exchange traded funds (ETFs) centered around betting against the investment tips from Jim Cramer. Cramer is the host of CNBC’s Mad Money, and has become a popular meme in the crypto and stock community, who believe he has an uncanny knack of giving investment tips that end up being way off the mark. In relation to crypto, one of Cramer’s most notable tips was to buy Coinbase stock COIN when it was “cheap” at $248 in August …

Sam-Bankman Fried’s crypto exchange FTX is reportedly engaged in talks with investors to raise $1 billion in new funding, as it looks to utilize extra capital for financial acquisitions during the bear market. According to a Sept. 21 report from CNBC which cites sources close to the matter, the talks are still ongoing and the details could still be subject to change. If found to be true, the funding amount would keep the FTX’s current valuation of roughly $32 billion intact. The potential $1 billion funding round would add to the $400 million FTX raised in January, and could signal …

American cryptocurrency exchange Coinbase aims to grow revenue from subscriptions in the long term to combat potential profit margin compression. The firm’s founder and CEO Brian Armstrong delved into the long-term prospects of the American cryptocurrency exchange in a wide-ranging interview with CNBC’s Crypto World on Aug. 23. A key talking point was the potential of lower revenues from fees in the future and how the company plans to preempt this possibility. Armstrong highlighted his belief that profit margin compression was bound to occur in the future as more exchanges and competitors launch similar products and services which could compete …

Some in the crypto community believe the market bottom may now be in after CNBC host Jim Cramer, given his track record, said there was “no real value in crypto” and predicted the market would tumble further. Cramer is known for giving his investment expertise as the host of CNBC’s “Mad Money” but has developed a reputation in the crypto community for giving stock and crypto tips that generally end up being widely off the mark or the complete opposite of his prediction. His predictions, along with his on-again-off-again love-hate relationship with crypto, have become a popular meme among the …

Crypto investment company Ark Invest founder, Cathie Wood, has dumped all of the firm’s holdings of PayPal and showed greater confidence in the long-term growth of the Cash App payment system which uses the Bitcoin Lightning Network. Wood explained her firm’s move at the Miami Bitcoin 2022 conference which wrapped up on April 9. The Lightning Network (LN) is a layer-2 solution for Bitcoin meant to facilitate faster and cheaper transactions. Financial technology company PayPal operates the payment app Venmo as a direct competitor with Block’s (formerly Square) Cash App. “@ARKInvest has sold, completely got out of Paypal, whose Venmo …

Janet Yellen, the 78th United States Secretary of the Treasury, spoke Friday morning on CNBC’s flagship business and politics show Squawk Box, on an array of topics from the growth of the renewable energy sector amid Russia’s economic isolation, the rising levels of inflation and Federal Reserve responsibility, as well as her current perspective on digital assets. Recognizing the multitude of technological and societal advancements within the cryptocurrency space over the past few years, Yellen offered a friendlier, more receptive tone than on previous occasions, stating that crypto is “now playing a significant role, not really so much in transactions, …

Bitcoin bull and founder of Edelman Financial Engines Ric Edelman has made some promising predictions about the future of the seminal cryptocurrency. In an interview on CNBC program ETF Edge on Jan. 10, Edelman said: “We’re already at a quarter of that number with 24% of Americans owning Bitcoin. It won’t be that much of a stretch for it to get to one-third. Bitcoin is becoming more and more mainstream. People are hearing about it everywhere–it isn’t going away.” While 2022 got off to a rocky start, In his view, governments corporations, foundations, pension funds are investing in BTC: “there …

The president of the Central Reserve Bank of Peru Julio Velarde announced that his country will be entering the global race to develop a Central Bank Digital Currency (CBDC). At the Annual Conference of Executives (CADE) with business leaders in Lima on Nov. 16 he said: “I think the payment system we are going to have eight years from now in the world is going to be completely different from the current one… Even the financial system will probably be quite different.” Velarde stated that Peru will partner with the central banks of countries more advanced in their development of …

A cryptocurrency inspired by Netflix's internationally hit TV show "Squid Game" scammed investors in what appears to be a $3.38 million "rug pull" scheme. Dubbed "SQUID," the cryptocurrency plunged to almost a fraction of a cent minutes after crossing over $2,850 at 09:35 UTC, Nov. 1. The deadly drop surfaced following a 75,000% bull run, showcasing a greater demand for SQUID among traders after its debut on Oct. 26. At the core of the retail craze lay the popularity of Squid Game. The scammers promoted SQUID as a play-to-earn cryptocurrency inspired by the South Korean TV fictional show in which …