she borrowed bitcoins and tried to use these bitcoins for a cryptocurrency, that is, a foreign currencyelf. well, there was a failure there, because , despite the fact that the economy is generally not significant, but nevertheless, of course, it created great inconvenience, because the cocoa rate and in general , it’s scary, as a state, in my opinion, here in my understanding, but the main base monopoly any state. this is a monopoly on the production of money. well, how can the state refuse? from this monopoly in my head, well, the state does not refuse, except for those who have some kind of microscopic. it's bad that he needs it anyway, probably what's there , uh, in my opinion, it's still guatemala if i'm not mistaken, well, given that they have 20 years. you didn’t have your own currency at all, but there was a dollar. so it’s all the same that it’s dead, that bitcoin was already enough , anyway, and venezuela, they just went along the way that some people have a twist in their heads, and they think that if they introduce some new tool, it will greatly help the economy. well, the m

trust to a bitcoin spot etf. joining us now, the ceo of gray scale. great to see you. thanks for being here. so the securities and exchange commission has so far not approved any bitcoin spot etfs? >> correct. >> maria: why do you think that is. what's the attraction to a bitcoin spot etf. >> the s.e.c. has been on record denying dozen of etf applications for spot products and the sharp difference here is that we now have a marketplace with multiple bitcoin futures etfs but no spot products. i think the important thing to remember is that investors want access to bitcoin. we've seen a ton of institutional adoption. investors want this through protections of the etf wrapper. the s.e.c. is harkening on a couple of arguments, not having enough surveillance of the underlying market for bitcoin, to make sure it's a market that's surveilable and they can monitor. maria: the dam is breaking in terms of what investors want. there's so much interest in a bitcoin spot etf. what do you think is holding the s.e.c. back in te

how much in bitcoin do i get back? have to look up the exact percent but probably around 5% back so well above your credit card rewards and debit card rewards. they're merchant-funded officers and merchants are trying to incentivize you to come into their store and online shop and everyone is trying to compete with amazon and they're paying to bring customers in. i think that on the consumer side, people want to save money now more than ever and with bitcoin up 80% year to date, people are feeling confident in bitcoin and earn cash back from all the places and earn cash back and bitcoin and it's up to you. liz: you got into this 23409 just because you wanted to start a business but you wanted to gastroenterologist people rewards for shopping but also educate them about bitcoin. there are people out there that can't afford to buy a single coin for $30,000. this is their way of dipping their toe in it. what happens to the reward they get back in bitcoin. where is that parked? >> that's the beautiful thing about lolli, it

eh, there, in this virtual sphere, buyers of bitcoins can pay with these bitcoins and even carry themomic section, but this should not penetrate. here in the internal revolutions. that's when let's talk about the fact that this is a different hmm national national economy, we do not have a geographic or geographic one, but an economic one, you need to have this asset class, how does it apply? yes fine. in general, i relate to everything that science and technology throws at us to scold, that you choose the rules for the game, which are set not only by you, but you don’t even fully know, well, because here are the course jumps. let's now smoothly already for a specific example of bitcoin, which are all called fron gold. yes, because i was really very happy about this story, because when i studied. uh, just stories. i think, uh, that's how people lived, that's the era of tulip fever. yes, i think, well, how is it could be here. this is the whole story, unfolded just before my eyes. i've been reading daily. this is 16-17 and the eighteenth year is the heyday. well, memories of the era of

there was an opportunity to create the faster bitcoin. or the pink bitcoin.as there wasn't proper regulation, you can issue a lot yourself like spf and scamming people now, you see proper regulation, that there's a commodity and a version of gold. and regulators are trying to understand, how do we regulate what is violent levels of crime and fraud? so, i don't think it has anything to do with bitcoin. if anything, is a net add. you're just a technology trend trader if you're following to innovate through technology and add a net product to humanity, this is another one. we took energy and we built airplanes. we took energy and we built television, radio, the internet, the lightbulb. now, we did it with money. wash out all of the garbage. it will be known as the computer science and information it is. >> jack, we'll leave it there. thank you for your time. >> good to see you, jack >>> coming up, the working lunch looks at a company that offers firms insight into dealmaking by analyzing sales calls and team conversations. we'll be right back. i'm so glad we did

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neil: that's take a look at bitcoin right now. it is under $30000 a coin.e rogue investments i don't know if that's fair these days, but they don't do as well, vice versa stocks are tumbling, things like bitcoin and gold and some of the precious metals is not black-and-white but is playing out that way today. associates founder, very knowledgeable when it comes to old things all investments. particularly what is happening in this arena what do you make it's good to have you and what bitcoin has been telling us. i find it remarkable that holds up to the investigations on the pylon of regulators and everyone in washington about parties we've got to do something about this the swings notwithstanding holds its own. >> great technology will always will eventually come true for wishing and there's always a lot of noise in between when a great technology is introduced to the people when they bring it and make it a part of their lives. and were going to the noise now. i think were get a c bitcoin rise above the other crypto's but it's always going to rise above fia

but that is why bitcoin is performing today. what i do think is blackrock, invesco, the group of etf providers is a real signal that adoption is coming. larry fink travels the world talking to the biggest pools of capital. it makes it easy when he is out there saying bitcoin is an alternative. if you are worries about -- nervous about who is your custodian, the etf is an easy first step. and it is for a lot of people. i just think if it happens, if the seal of approval from the sec in the u.s. government that this is an asset, there is this giant infrastructure. it is not just blackrock. invesco are bigger etf's then blackrock. there are many players. the sec is not going to approve one. you will have these giant sales forces giving access to people that did not have access before. matt: do you think you will be able to list in the u.s. before the end of this year? mike: that is a $64,000 question. this sec has been shaaban -- stubborn and tough crypto. no one of significance has gotten through the listing process. we are in pro

liz: maybe some of those voters were pro-bitcoin. got to run, but you have been very pro-crypto. you've instituted a lot of rules and regulations that are actually helpful to that sector. coming up we've got larry fink of black ron. -- black blackrock. and he and his company have file for a spot bitcoin etf. how important is something like that? because it doesn't exist just yet. >> it's critical. we have to have regulations that support innovation. blackrock, it's a very sophisticated, you know, multitrillion dollar as sets. you know, march ally's going to manage the risk in a way that's appropriate, that's proper, that mansion risker and i think our government needs to be people like that that want to get involved in bitcoin. it's up, i think, 85% percent year, and it's an asset that's been incredibly resilient and in many ways has run counter to this increasing interest rate, increasing inflation environment, somewhat of a hedge for people. so i think it's important, and i think not only his etf, but i think all the etfs toss sens

pdf bitcoin is a fund inside which there is a large amount of real bitcoin and bitcoin future contracts, and individuals can trade its shares . more than 2 million and 200 thousand tomans of all kinds of products in the stock market valuable goods and the industrial and mineral hall hosted the supply of more than one million tomans of products, including iron ore pellets, sponge iron ingots, bloom, rebar, iron beams and all kinds of sheets. the petrochemical hall offered more than 77 thousand tomans of polymer and chemical materials in the export hall of 79,000 non-sulfur and waterproof tomans are offered in herat hall and it is opened from one million and 30 thousand tons of granulated iron ore concentrate and vacuum baton on the swing of the baton. the secondary market also offers about 20 thousand tomans. tisheh registered. thank you for your cooperation considering the volume of our production and the variety of musa products kareem, to be a leader in this industry, automatic machines, contrary to its appearance, have their own complexity to produce. the products of this company cur

you were talking about bitcoin earlier.tion and gambling. there is no real stock there, is no companies. it is all a gamble. i want to have regular everyday investors steer away from that. liz: we have some fans of crypto because they would probably disagree. you're looking at the selloff here. federal reserve didn't count out another rate hike, maybe even two. the market doesn't think so. is that a mistake we're done, we're finished with the rate hikes? >> i don't know what they're going to do. that is beyond my pay grade but i tell you where inflation comes from. it doesn't come from where most people think it comes from. the fed doesn't control inflation. they rarely have impact on the economy at large. interest rates are determined by borrowers, lenders and not the fed. in addition inflation itself is not created by the fed but by excess government spending goes on and on and the fed doesn't create that. liz: i will say as we look at dow winners, looking at names like mcdonald's, dow chemical, the losers, honeywell, ame

and micro strategy bitcoin can't seem to break out from the 30,000 price level.upport from institutions but no real catalyst to drive the price higher or lower. things that would normally affect bitcoin such as the fed raising rates are barely moving the needle what the market appears to need is a return of confidence from institutional investors that could potentially happen if an etf that directly spots its price is named some of the biggest names are racing to offer it including black rockies. if they get the green light they could spur a buying spree and meet reserve requirements and seeing movement on crypto legislation on capitol hill and crucially, frank, there is a technical event called the happening coming up next april which typically marks the start of a bull rein for bitcoin >> mack, always great to have you here, mackenzie sigalos, thank you very much. >>> bitcoin could zoom all the way to $100,000 by the end of 2024, just a few weeks ago that outlook was updated saying there's even more upside than that jeff kendricks, good morning >> good morning,

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this program, called baro, previously did not allow customers of this exchange to use their bitcoinscollateral and borrow up to one million dollars. coinbase baro has until november 20th to settle any outstanding loan balances. users who do not settle their loans by the deadline will forfeit their bitcoins by default until they sell them to pay off their loans. one of the spokespersons of coinbase announced that this exchange intends to use resources the car focuses on the products and services that its customers care about the most , and that is why it has decided to close coinbase barron . the director of concert research said that bitcoin investment funds saw an exit after 57 capital inflows in the week ending on july 30. there were 13 million dollars in capital, also 5 and a half million dollars have been withdrawn from short-term investment products of bitcoin, in contrast to atrium-based investment funds, and last week a total of 29 million dollars were attracted by atrian-related products with the entry of 6 and 6 ten million dollars of capital is the best the u.s. government

liz: so it's not so much where bitcoin is right now. following "the claman countdown" interview we had with blackrock ceo larry fink who called the digital currency an international asset that sparked very bullish sentiment, golden bull hoofs. they began stampeding, boom, you had it hitting one-year high. crypto community absolutely went nuts, charlie. we made big headlines. >> not just this. we made big headlines on film per of issues. we'll get to that in a minute. one of the big spots we think, where it became huge news both on wall street and the crypto community, when we asked him, you asked him about bitcoin the etf. liz: spot price. >> spot price. i said he started riffing about how this could be something of the future and it is a store of wealth. and i said, whoa, i stopped him. this is kind of a big turnaround for you. liz: exactly. >> larry you were not quite a hater like buffett and charlie monger but you were kind of negative. he admitted he is, he was but he is not anymore. that sort of 180ish sort of not quite a 180, mayb

if bitcoin is an investment like a share of stock, what is it an investment in?evenue stream, the good, the service that's being provided >> how does gold work? >> well gold is thought of, traditionally, as a store of value. and people believe in it but andrew was making this point, earlier what is it actually? it's a thought >> and it's not a currency -- by the way, any currency can't have great inflation, because it would constantly be inflated, you would never use it >> why has gold had value for 2,000 years. >> because it's a story. >> people ascribe value to it. >> which is a pretty good story. >> it is a good story. it's really pretty >> ben and i agree more than we disagree >> i know, you've agreed from a thousand all the way to 64,000 >> and happy to do so. i made a little money betting it was allbaloney >> now it's 30,000 and we'll see if it goes back to 200,000 >> i'll make a wager >> i don't need a wager. i don't need to make a wager with the guy from "the oc. >> who wrote a book about crypto >> what was the greatest revelation in the book i know you d

matt: we will discuss regulation and the call on the price of bitcoin.ing that out to 2025. >> gemini trust sues

bitcoin blockchain. using low-cost green energy. hive blockchain technologies. charles: all right, so a major development in the investing world has been really this year the surge in money market fund demand, right? by the way, this actually dates back to early 2022, but it got a lot of public notice when it played a big role in the collapse of silicon valley bank and, of course, the current banking scare that goes on. as a result, money market funds now have 5.4 trillion. the question, of course, is are regulators now paying proper attention. i want to bring in the former chair at the fdic, sheila bair. you know, sheila, recently -- earlier in the week, in fact, the sec adopted some reforms, some amendments to the reporting. did they go far must have? >> yeah. -- far enough? >> yeah. probably not. i mean, i think this has been an issue since the great financial crisis when money market fund instability created a lot of problems in the system and required government to come to the rescue. again, in 2020

in the long run someone's got to pay for that, and that's why bitcoin literally -- bitcoin, gold, silver in the same bucket. silver and gold trade great. bitcoin has the additional adoption cycle what drove bitcoin is retail and they continue to buy, continue to buy now we have an etf on the way. i'm more comfortable going long bitcoin than i was six months ago. six months ago it was scary. now we see the future kind of spilling out >> well, you know, kind of tongue in cheek when kelly evans says she wants a 2-year at 5%, i say i'd put it in bitcoin. i'm kidding around i put it in with the charles schwab of the world. big name people want these etfs but then you have agaigentzler the other side do you think he'd like to take bitcoin off the table as a financial asset or does he just want to regulate the way that it's traded? >> i think if this ripple lawsuit taught us anything, they've been saying come in, the rules are clear. the rules are absolutely not clear. the judge just basically said to the sec you're wrong richie torres, the congressman from the bronx put a letter out saying, gu

as of now, one bitcoin is valued at around £22,600.t gain. benjoins me now from new york. thank you very much forjoining us. you got fixed on cryptocurrency and then what happened? came you got fixed on cryptocurrency and then what happened? yes, i came down with a serious — then what happened? yes, i came down with a serious case _ then what happened? yes, i came down with a serious case of— then what happened? yes, i came down with a serious case of fear— then what happened? yes, i came down with a serious case of fear of— with a serious case of fear of missing out, it was a pandemic and i'm an actor by trade and showbiz was on ice and i decided i would take a look at the markets for the first time in my life, i have a degree in economics but i had not used that much in showbiz and i saw the bubble, perhaps a pretty spectacular bubble and people were buying things with cryptocurrencies and a friend of mine came to me and he saidi and a friend of mine came to me and he said i should buy bitcoin, so many americans in so many people aro

>> we had a bitcoin bug.lly noticing have you done much on it lately? >> we do it when there's milestones, yeah, for sure it's not like maybe once a week, but -- >> right >> before you go, let's say gary gensler resigns which was the rumor circulating around the internet over the weekend. does the crypto trade go higher? is it as easy as that or no? >> i saw the rumor i have no clue whenever i see anonymous sources and coming from kind of pseudo anonymous accounts on twitter, i pay attention but take it with a grain of salt. i do think there's probably some sort of short-term impact in prices over the long-term, i don't think who the regulator is is going to matter as much. take the bitcoin etf as an example. there was regulators before gary gensler, it wasn't approved then either so i tend to think that we put a lot of time and effort focused on individuals, but at the end of the day, this is a technology trend that in the short-term, you know, it can be resisted there can be friction, but i do think over th

in this forum, and the closing of the real services of an exchange, the withdrawal of capital of bitcoinnvestment funds, and the emphasis of the american regulatory bodies to legalize digital in a one-day package of exploring the cryptocurrency market , informed its users that the lending services of this platform will be gradually closed . holders of loans available on the coinbase platform with users who do not settle their loans by the deadline will lose their bitcoins by default, so that they can be used to settle the loan. a spokesperson for coinbiz has announced that the exchange intends to focus its resources on products and services that its customers care about most, and therefore has decided to close down base baron . after 57 capital inflows in the week ending july 30, 13 million dollars were withdrawn in addition, five and a half million dollars have been withdrawn from short-term investment products of bitcoin, in contrast to ethereum-based investment funds, and last week, a collection of 29 million dollars was attracted by products related to people around them, with the en

guy: the rally in bitcoin has been substantial. wondering how the foundations are looking right now? i appreciate there is the etf story, but where is the money coming from and who is buying? guest: it's a good question because to your point, a lot of it is the etf story. 20% gain since june 15 when blackrock first filed. here today, bitcoin is up 80%. we have once again crossed the $30,000 threshold. we are looking at the trading, liquidity for months is very thin. that has exacerbated the price moves that we have seen. traditionally in crypto, a lot of it has been retail pliers -- players. what we are talking about crypto, foundations don't look exactly the same as other asset classes. alix: is crypto trading with tech now or no? guest: that correlation has been testy. you've had that in the past, there was a little bit of a breakdown but it does seem like with the rally we have seen this year, a lot of that you can attribute to the same kind of narrative, the idea that the fed is reaching near the end of the hiking cycle. then t

minors are incentivized to validate bitcoin transactions an blockchain.make more money per token and there incentivized to sell less. that is one of the reasons they are saying bitcoin prices could rise even further from here. kathleen: too late for me. coming up, we discussed opportunities in emerging market bonds with ubs asset management. this is bloomberg. ♪ haidi: investors. with bonds from countries that defaulted are now seeing double-digit returns. some of these are posting 25% returns for investors. how much of a rally have we been seeing when it comes to these distressed credits? >> we have seen both defaulted countries as well as deeply distressed credits having returned 20% to investors and that is compared to just over 1% across emerging markets. kathleen: what is driving the outperformance? some of the countries in this bucket, egypt and nigeria, it is a surprise, very pleasant surprise. >> what is driving the rally is interesting because it is unusual for distressed credit to have such a rally this late in the fed hike circle. when you look

wisdom tree and blackrock and others we filed for spot bitcoin here in the u.s.in my opinion, the future of crypto as an asset class in the united states really won't be driven by etps. i think it will be in the wallet so, in wisdom tree prime, right now in those 21 states, you can buy bitcoin and ethereum safe and convenience before the end of the year, we'll be adding additional functionality so that your bitcoin will be tied to the payment rails so you're going to have bitcoin with utility. bitcoin to buy your groceries or to share with a friend peer to peer that's the same for gold and treasuries as well so, gold in the wallet, physically backed tokenized gold, tied to the payment rails, it takes on a flavor more than just investment. gold takes on characteristics of savings and currency so, what we see in the wallet, greater functionality, which is why we're so excited about what we're doing in blockchain-enabled finance but it's also why etfs overcame mutual funds again, it was just better investing experience, greater functionality, greater convenience. we

nearly 20%, bringing down the value of the stolen bitcoins to about $65 million.

that will be a big game changer for the bitcoin etf.been driving bitcoin recently, there has been an expectation that you would see this etf approval being a huge moment. in reality, what has been driving it recently, a lot of speculative money in there, a lot of leverage that has come in as well. the rally is not being built if you look at the fundamentals. alix: more or less it was attacked proxy, and you are going more on its own to. should we go back to jobs? the manufacturing industry overall is sliding deeper into a slump, but the numbers were not that terrible. we caught up with the chair of the imf manufacturing industry, here's what he said about layoffs. tim: we are seeing layoffs coming to play more during the month of june then during the pandemic recovery. so we are seeing who is hiring and who is trying to manage their headcount down. this is the first month that layoffs were at force manage ratio. alix: joining us now is mark rayfield, and the u.s. is saint goban 's largest market. so we not only have the pessimistic view

for bitcoin to kind of move into more constitutional type accounts. that was immediately followed by a lot of applications to the sec from big people like blackrock to create etf where now, you know, everybody on the planet can actually get exposed to or will be able to get exposed to bitcoin through these etfs including institutions. and these institution ises have come out and named -- institutions have come out and named coinbase as really who is going to handle the management of these etfs for the institutions and for other actions. they have the technology to handle institutional-sized transactions. and then we have this crazy xrp case come out where, with ripple, and the sec loses its case there saying that the coin didn't violate these things, as you said, and coinbase took off like 25% yesterday because they handle a lot of ark lt-coin -- at-coin business as well -- alt-coin business as well. yesterday they had about 40% of our funds in that one stock, and when it went up like it did, you know, it just took our returns through the roof. we're

the next recognition of bitcoin as a full-fledged property instrument will have a positive impact on legal protection of all crypto users, yulia about the economy. thank you all. it was denis business news. kazan also hosted a night bike ride every year. more than 4,000 people from different regions of russia took part in it, including from moscow , st. even foreign sanctions did not affect the popularity of this vehicle. after the well-known western brands left the market in russia, they began to increase their own production in perm , they again began to produce legendary bicycles. what else does kama offer domestic enterprises. and most importantly, of course. how much does a bicycle cost today on hit babaev ? they just for athletes, they were both made to order and still being produced, but the market for amateur bicycles and the mass market has changed a lot , these changes relate primarily to prices. olga has long wanted to buy new bikes for herself and her son, she came to the store with confidence that the purchase will cost a pretty penny. and as a result, it turned out that

holders of bitcoin supply while price stability, guys, might be a good thing for bitcoin's value, digital the institutional investors, volatility does tend to attract new buyers and retail money. as far as the bull case going forward, market participants are looking towards something where the new supply of bitcoin will become more constrained and that's set to happen next year holding on to hope that that bitcoin etf i mentioned will bring in a wider investor audience crypto stocks, that is really where the action has been. coinbase up about 50% or so on the month. it it tends to see a lot of short interest as well that's part of the story the sigh of relief on the regulatory the crypto mining names up big the smaller speculative tokens are up double digits as well sara, back to you. >> all right kate, thank you. >>> amazing to see against all odds. >>> switching gears this is a hard turn, to twitter because since march the company has had this policy where it automatically replied to journalist inquiries with a single poop emoji. it's changing. elon musk tweeting last night that company

let's do that and move on and that would be a reason to own bitcoin. said that it's my best performing asset this year, i'm up almost 81%. ashley: wow. fascinating stuff, kevin. thank you very much. i want to move onto consumer inflation on the national level came in at 3% in the last 12 months but inflation in the miami area, well, through the end of june was 9%. triple. senator rick scott republican from florida joins us now. great to see you, senator. in a recent tweet you quoted the borough of labor statistics saying "biden-flation costing florideans an extra $1,015 a month". explain that number. where did you get it? >> looking at since biden got elected, inflation is up 15%. that's $1,000 a month for a family in florida. i grew up in a poor family and lived in public housing. $1,000 increase for a poor family and look at what's going on. groceries are still going up. that impacts every family. rent and gas prices are way higher than when biden got elected and house prices have skyrocketed and all the things that somebody that doesn't have a lot o

but for many, the frenzy ends in ruins. bitcoin in latin america starts august 18th on d. w. i'm not. i love mastering. i've loved her since the beginning because of her character because of her courage and how she thinks most rain, so today lives mother, annoyed for nearly 4 decades. she's for peace for me, for brace of freedoms in your home, then they run, in spite of bob buried trifles. our children should not inherit science from us. the an income. if you look into the nice stats, july 29th on d, w. the date of the news i from funding vladimir posts in the office african countries, a free russian right shipments would replace the ukrainian exports, which is blogs. and he says russia is expecting a record. hospice also on the program is as administrative backs the crew over throwing the government. the president is barricaded.

at that time if you look at trading of bitcoin, the emergence of bitcoin, it looked like stocks but itare saying you know what, we think that trading, that the custody, those protections around this market are sufficient that we're willing to put our name on it and offer that product that's actually an incredible development. not one that i expected. i was very skeptical of trading in the bitcoin market when i was sec chair. i thought, you know, there were studies that 90% of it was wash trading, ripe for manipulation and the like, large people dumping. the fact that we have these institutions that no market's better than anybody and saying we're going to put our reputation behind it, i find that pretty remarkable >> can they say no to a spot, etf? how much longer? >> well, it goes to that issue when the sec approved the futures based etf, they said we see the protections in that market for the end investors that are sufficient, we don't see them in the spot market so we're going to make that distinction. i think what the institutions are arguing is those distinctions have gone away an

the bitcoin foundation chairman, we go to a lot of crypto investment guys and bitcoin over $30,000 a coin. this is unnerving the markets, the crypto markets, i want to bring your attention to washington where there's a hearing going on featuring john kerry, the president's climate czar. the official business card description. business -- i'm the anchor czar. what he's there to talk about is the fact that we've got to do something about climate change, well worth the money and he' s using it as a backdrop for what is happening with the weather which a lot of americans, 100 million, more heat, 120 ° plus expected in phoenix over the weekend. all of this is what is happening with climate change. edward lawrence following these developed at the white house. >> reporter: that is the hot seat for the president's climate czar, john kerry, defendant dollar his flight and all the money he spent in the name of climate change, members of the house foreign relations, he calling the top climate official in the biden administration a hypocrite. >> every time you travel to a climate summit, king ch

bitcoin at 30,672. that's the markets, now this. director christopher ray was grilled on capitol hill yesterday but refused to answer questions whether president biden is being investigated. >> the ongoing investigation being led by the us attorney in delaware, appointed by donald trump in the last administration at baltimore field offices working with, i will refer you to him as to what if anything -- >> the president is under investigation? >> i'm not going to confirm or speak to who is or isn't under investigation for what. >> is not under investigation? >> i didn't say that either. ashley: he is not going to answer the question. take a look at this headline that says, quote, biden is doing the crimes but not the time. i read the article and i was staggered at the long list of run ins with the law the biden family has had. i tell everyone go find that article, they will be shocked. why won't the bidens be investigated? >> they have a nice protective bubble around them called the fbi, the permit of justice, federal bureaucracy, th

the etf flows are going to be, we've had etf's in canada and switzerland for some time now, spot bitcoins of black rock the asset manager, fidelity, wisdom tree all offering etf's and bitcoin, more importantly getting behind the tokenization of the assets, this is going to be a tectonic shift for the use of crypto currencies to go ahead and represent ownership of assets in a think were going to see it. that's the big technology team working to see that over the next couple of years and as the storyline picks up steam we are going to see incredible growth and interest in investing in the asset class and the correlation between bitcoin and the nasdaq has never been lower. that's very important and asset managers they now recognize they can't get the exposure to bitcoin simply by investing in the nasdaq. jackie: i think that's a great point. we've been following the volatile moves, maybe the story does pick up steam we will be all over it. thank you so much, good to see you. >> thank you jackie, let's get to the morning mover, levi strauss and the market the deneb maker trimming the 2023 pr

before we talk about how bitcoin and other crypto agencies are dealing with this, explain to us whatling means. this “udgment took everybodyh court ruling means. this “udgment took everybody by _ court ruling means. thisjudgment took everybody by surprise! - court ruling means. thisjudgment took everybody by surprise! the i took everybody by surprise! the weather crypto companies always thought is that crypto tokens are not securities. they are not like shares, you are not buying a share in the you expect to benefit from the future efforts of the company. people who buy crypto tokens, they are not buying a piece of the company, they are just buying a token. that is what the company is always argued. the courtjudgment is so complicated that i will give you an analogy. imagine that you bought an analogy. imagine that you bought a car and it was a new limited edition special kind of car and you knowledge from the company that it was going to make lots of effort to improve the brand and increase the price of the cars so that your car will go up in value. that could be construed as a kind

bitcoin blockchain.rategy. aims to double their mining capacity. all using low-cost green energy. hive blockchain technologies. i'll always take care of you. ♪ i'm gonna hold you forever... ♪ ♪ ♪ ♪ be by your side... ♪ ♪ i'll be there... ♪ the s&p, ten out of ten nasdaq, get ready for the summer good month. >> i think we go higher. i think valley will broaden out. closer t

miner and data center owner, builds infrastructure that powers the bitcoin blockchain.uble their mining capacity. all using low-cost green energy. hive blockchain technologies. we moved out of the city so our little sophie could appreciate nature. but then he got us t-mobile home internet. i was just trying to improve our signal, so some of the trees had to go. i might've taken it a step too far. (chainsaw revs) (tree crashes) (chainsaw continues) (daughter screams) let's pretend for a second that you didn't let down your entire family. what would that reality look like? well i guess i would've gotten us xfinity... and we'd have a better view. do you need mulch? what, we have a ton of mulch. back in the day, sneaker drops meant getting online to wait in line. a literal ton. now with xfinity mobile... ...we get the fastest mobile service and can get the freshest kicks asap. i got this. save hundreds a year over t-mobile, at&t and verizon with the best price for two lines of unlimited. nice job, little sis! they grow up so fast... i'm a fan. from xfinity. stuart: new york

american stock market after the approval of the request for etf spot or bitcoin cash funds from blackrock letty visametric and and in the meantime, google announced that someone has accepted the request of valkyrie. near the slow currency, it seems that the us securities and exchange commission is now actively involved in the evaluation of a number of applications for the new spot bitcoin etf . the country and the constitution it is contradictory to recognize this from the point of view of islam with the majority of the guardian council and from the point of view of the constitution with the majority of all its members. in 1358 , an institution called the guardian council was seen in the constitution. it corresponds and at the same time takes over the tasks related to supervision and elections. the institution of representatives was included in the constitution without the existence of the guardian council to supervise and without any confirmation of competence, it went to the assembly of constitutional experts with the general votes of the people. they were, that is, the guardian council

we are seeing quite a bit of resilience in bitcoin and etherium. bitcoin at $31,000.was a lot news flow coming through the prices of nfts baird they collapsed over the last week as prices of major collections tumble. according to the crypto data platform parsec, floor price for a suzuki collection dropped last week and the board eight yacht club and mutant eight yacht club and pudgy penguins have dropped. on the other hand you had blackrock which refiled paperwork for u.s. regulators to add new details to his proposal for an exchange traded fund that invested directly in bitcoin. documents filed the nasdaq indicate that coinbase global will provide market surveillance in support of the proposed etf for the world's largest asset manager. fidelity and invesco are among those who applied for a spot bitcoin etf. france has seen relative calm on this six night a protest over the fatal police shooting of a police made fewer than 160 arrests on monday down from over 700 the day before. authorities cap 45,000 police and special forces deployed to calm riots as president crime

and that is thanks to bitcoin. and i've seen, i've seen the rise of a cleaning country in, in areas and lots america specifically in central america where it's actually, it's actually quite a communities where people are actually able to transact in a car. and c, n a and the money that's, that has, nobody has no boundaries and, and, and it gives and it gives, it empowers people to, to save and, and an asset that this cannot be, that cannot be um, um, the based. so, given is the centralized nature and its ability for people not to not to be affected by a, by the effects of the field inflation re, um, symptoms. this is something that's going to spread over the around the world, whether the, whether upon why the people in power liked it or not. and you'll see much, many more communities around the world, accepting it and, and embrace against the crypto is available. and i'm not sure what else i would do is this certainly a good example given that the reason volatility and pig calling prizes is affected, they're going

the bitcoin blockchain.ng a robust growth strategy. aims to double their mining capacity. all using low-cost green energy. hive blockchain technologies. treasury secretary yellen has arrived in beijing to meet with chinese officials and open lines of communication between the two countries, at least that is out. edward lawrence is there and joins us by phone. what are we expecting if anything to come out of these talks? >> or talks. that's what they are trying to do. i was on the plane, flew with the treasury secretary. she's preparing for a whirlwind of meetings, an official tells me she plans to meet with the new vice premier halt of thing and climate investors in china as well as american business investors tomorrow. finally she's expected to talk with limit economists of china about the profession the trip comes as tension rises with the chinese upset about tariffs we have a place in certain goods, the chinese want the most advanced semiconductors and technologies from the u.s., something the biden admin

bitcoin treasure, nowhere is the crypto currency bounded more highly than here. bitcoin in latin america starts august 18th on d w. because of her character because of her courage and how she thinks for nearly 4 decades, she's for peace for me, for brace of freedom. if any of our children should not inherit science from us, the stats july 29th. on d, w. to day summit of african leaders in st. petersburg didn't get quite the turn out, might have hoped for guests stop the war in ukraine. i'm clara richardson in berlin, and you should you crate the whole point structure to the engagement, sit gadbois, this war must end and they can only add also, once a day will take a closer look at what's behind wait. while with this current, supreme court decided the outcome of the election, the supreme court is there for you. there are the people that we can be trustworthy with. russian and african leaders have drawn to a close, rushes prepared to supply african countries with african leaders at the summit aimed at ending the war in ukraine. invading ukraine, but their calls for the ends of the war and

let's look at the quick dose of we can, we saw bitcoin up slightly earlier today and still is, bitcoincerium are done marginally. new details about tom brady, the disastrous deal with ftx. how much did they get and is any thing left? >> his answer, tom brady got $30 million in ftx stock. gisele 18 million so $48 million deal with bankrupt crypto currency since most was stock, it's worthless and probably will have to pay some sort of taxes. remember taylor swift and her potential deal with ftx? $100 million so the times reported said she spent six months doing her diligence and asked the right questions including why are your assets not registered as securities? father worked for 30 years that i think morgan stanley so bankman-fried, head of ftx eventually landed taylor swift in a sponsorship deal and would sponsor the tour, not much details there. force that he backed out in the end. ashley: taylor swift is one smart cookie. no doubt about it did incredibly talented. the global becoming one of the fastest growing sports in the united states and now the world's largest indoor pickle bal

bitcoin, we're now talking $29,800 # per coin. little change. okay, treasury yields, where are we in the 2-year, 4.83. the 10-year, # 3.84, 3.82, around about that level. not that much change. a.i. to the white house today. the president meets with seven leading a.i. companies. they include microsoft and meta. a.i. czar kamala harris will not be there. the president will make remarks later, that will be around 1:30 ian today. on the show, senator manchin in a third party run. if the no labels campaign takes off, our guest says it's a disaster for democrats. reparations. there's an election coming, and democrats are pushing make good payments all across the country. it seems we're discussing how much to pay rather than whether to pay anything at all. and then there's this too, dr. scott bleier, for $120,000, he will change your body happy to look like barbie. i think i've got that right. what a show. friday, july the 21st, 2023. "varney & company" is about to begin. ♪ ♪ ♪ here's to another week gone, raise 'em up and sing along ♪ stuart: it's fri

could be a great online bet >> probably better in bitcoin than a dollar, and bitcoin rallied, what,sset rally, and all this is basically saying that people think the atf bitcoin will be approved are you in that camp >> i think there are two components here. this is all about sentiment. black rock filing for a atf is a huge moment. most ceos in the financial services were the same, and they thought it was not legitimate, but now they think it's a stamp of approval, and whether or not we like to believe it, that does really matter when it comes to sentiment related to bitcoin and the broader aspect class, and sentiment leads to flows if we look at sentiment when sentiment changes, flows change. >> does it matter if the atf application, if they get rejected, does the sentiment still improve simply by the fact that blackrock was onboard and did file for an atf? >> i don't think it's going to be the case. what we really need to see here -- at the end of the day the story is the flows over the last three weeks alone following the black rock application, there are flows that materialize of

bitcoin, the founder, those who appeal or are interested in the anti-vax position. but beyond that, i don't think they would pose a major challenge to biden. host: another republican related question. the republican party in florida asking for a loyalty pledge for those who are interested. can you explain what is being asked of these candidates and what response there is? guest: sure. it is also to ask who the republican nominee will be. that is important. this is an important step. there is been ambiguity in terms of how the candidates have responded and they have sidestepped the question. but that will be important. you can expect candidates to be asked about that. host: i suppose you ask all of this about former president trump, his legal concerns and the hindrances that might prove. where is he with that and where to seek go depending on the outcome of various cases and legal issues he has? guest: it is important to remember that trump has an estimated 35% of rocks out of -- rocksolid support of the publican party. then there are people who are never trump's or

bitcoin blockchain.ategy. aims to double their mining capacity. all using low-cost green energy. hive blockchain technologies. stuart: lawmakers sound the alarm about classified ufo footage. one lawmaker who saw it claims it could turn the earth into as we just said charcoal brickettes. sound serious. hillary vaughn is with us. what do the lawmakers want, show the public the video? reporter: yeah, they basically want the pentagon to level with them and give them the information that they're looking for because they have major concerns about whether or not we are essentially alone in the universe. we've seen the sightings of unknown aerial phenomena and a recent whistle blower and coverting extra trees y'all space cast and the vice chair of the senate intelligence can't blow off the whistle blower concerns. do you think the pentagon is keeping congress in the dark about who are not they have extraterrestrial aircraft and what they're doing with it? >> people with highly qualified and high classification c