The ETF that aimed to make money for investors by shorting Mad Money host Jim Cramer’s stock tips will close after posting a negative 15% return.
CNBC News
CNBC is an American basic cable, satellite and internet channel for news in business sphere. It was initially launched in 1989 and called the Consumer News and Business Channel until 1991. It is headquartered in Englewood Cliffs, New Jersey. An interesting fact that helps describe CBNC is that the audience ratings of the channel have an almost precise correlation with the performance of global stock markets.
Nowadays, CNBC is one of the most popular places to get fresh information about cryptocurrency and related topics. In the latest news on CNBC, there was a forecast of the cost of Bitcoin by the end of the year and its value compared to fiat currencies and precious metals, how and where it is better to use cryptocurrencies, and assurance that sales figure of Bitcoin will absolutely surpass Apple. The greatest response was to a step-by-step guide for buying Ripple live.
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“I made a lot of money,” said Cramer, who cleared a profit on Bitcoin despite urging investors to sell the cryptocurrency.
34270Solana has drastically outperformed other major crypto assets, gaining nearly 200% in the last month.
11500In an interview with Cointelegraph, Kevin O’Leary said he wouldn’t rule out the possibility of more serious charges against Binance and its CEO, Changpeng Zhao.
5543OpenAI was originally formed as a nonprofit entity to ensure it was free to achieve its stated goal and then became a for-profit company back in 2019.
9522The nonagenarian said there’s been an “explosion of gambling” while comparing Bitcoin to roulette, sports booking and chain letters.
10335CNBC’s All-America Economic Survey was conducted toward the end of November, just a few weeks after the collapse of crypto exchange FTX.
3095While BlockFi has attempted to separate itself from FTX and Alameda in its bankruptcy proceedings, it has many financial ties to firms owned by SBF.
7208Fidelity Crypto will focus on Bitcoin and Ether initially. The brokerage will make money by charging a 1% spread on trades.
4292Tuttle Capital Management hopes for a short ETF named Inverse Cramer ETF (SJIM) and a long ETF called Long Cramer ETF (LJIM).
12408The potential $1 billion funding round would add to the $400 million FTX raised in January, with the firm said to be seeking more capital to snap up deals amid the crypto winter.
4195Coinbase CEO Brian Armstrong says the exchange has been building subscription revenue streams for three years and will continue to do so into the long term.
3464“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.”
11346Wood believes that Venmo is merely a follower of Cash App, which has generated more than double Venmo’s revenue from almost half the number of users.
23502U.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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