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CNBC’s Kelly Evans reports on British I.T. worker James Howells’ last-ditch effort to find a hard drive in a landfill. The drive contains 7,500 bitcoin, worth more than 0 million. New Yorker Staff Writer D.T. Max, spoke to James Howells about his search. Sign up and learn more about the CNBC Investing Club with Jim Cramer https://cnb.cx/3Ei22n4
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If someone told you you just threw away over million worth of bitcoins, well you wouldn’t be too happy. You can imagine how James Howells from Wales felt when he discovered that he had thrown away his hardrive containing over 7,000 bitcoins. The value of Bitcoins has reached an all time high so now Mr Howells is frantically searching his local tip in the hope of retrieving his fortune
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Bitcoin trade in Japan accounts for about half of the global trade volume. That number has surged since the government passed a new law earlier this year, recognizing bitcoin as a legal form of currency. CNBC’s Akiko Fujita reports.
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JPMorgan Chase CEO Jamie Dimon joins ‘Squawk Box’ to discuss his meeting with Ukrainian President Volodymyr Zelenskyy, most pressing geopolitical issues, doing business in China, state of the economy, 2024 race, bitcoin and crypto at large, commercial real estate, and more.
Bitcoin’s status as the dominant player within the digital currency space could be eclipsed by new blockchain-based use cases that offer more features and greater flexibility, Austin Federa, Head of Strategy at Solana Foundation, tells Kitco’s Matt Nesto.
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Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Caitlin Long, CEO of Custodia Bank, who says there is a coordinated effort from within the White House “to kill” the crypto industry. Long adds that a “civil war” is happening inside the Biden administration, which is divided into anti- and pro-crypto camps. She also discusses the state of ‘Operation Choke Point 2.0,’ Custodia’s lawsuit against the Federal Reserve, gives her Bitcoin Price outlook, and talks about the U.S. 2024 election.
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00:00 – Intro
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15:53 – Why is there a big push against the crypto sector
19:03 – Who is leading the anti-crypto army?
26:35 – Bitcoin halvings and U.S. election cycles
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Jamie Dimon, JPMorgan Chase chairman and CEO, joins ‘Squawk Box’ to discuss Dimon’s thoughts on cryptocurrencies and the blockchain technology behind it. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
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If Bitcoin drops below this level, Shark Tank star Kevin O’Leary will be concerned. O’Leary spoke with Kitco News on the sidelines of the Bitcoin 2022 conference in Miami.
What is Bitcoin’s price floor to justify building all the new green energy sources to mine the cryptocurrency? That’s the question preoccupying many investors’ minds.
“I am happy if Bitcoin stays at k for a couple of years. It is forcing everybody to make better computing power,” he told Kitco’s Editor-in-Chief Michelle Makori.
But, O’Leary would be concerned if the world’s largest cryptocurrency dropped below this level. Watch the video for all the price details.
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Bitcoin has a 7 transaction/second limit, so how can we overcome this? The Lightning Network is one of the proposals and in this video I’ll explain how it works.
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