BITCOIN

JPMorgan Chase CEO Jamie Dimon says crypto tokens are like pet rocks. The executive also believes crypto regulation should be strengthened, stating: “The regulators who beat up on banks should maybe focus a little more on crypto.” JPMorgan Chase’s Jamie Dimon Compares Crypto to Pet Rocks The chairman and CEO of global investment bank JPMorgan Chase, Jamie Dimon, talked about crypto and its regulation following the collapse of crypto exchange FTX in an interview with CNBC Tuesday. He was asked whether the FTX meltdown is contained and does not matter or whether he believes it is a symbol of something larger that is happening in the economy. The JPMorgan boss said: Crypto is a complete sideshow, okay, and you guys spend too much time on it. I’ve made my views perfectly clear about crypto tokens are like pet rocks, and people are hyping this stuff up. Pet rocks are just rocks in custom cardboard boxes, marketed as live rocks in 1975. Over 1 million pet rocks were sold for $4 each

Bitcoin.com , a digital ecosystem and secure self-custody platform where users can safely and easily interact with cryptocurrencies and digital assets, announced completion of the pre-sale of its rewards and utility token VERSE, where 16% of the total supply was purchased for $50 million. Bitcoin.com also announced the launch of VERSE trading on its decentralized exchange, the Verse DEX , starting at 00:30 UTC on Dec 8. The initial listing price will be $0.0015 per VERSE. “The success of the Verse token sale despite severe bear market conditions is a testament to the quality of Bitcoin.com ’s ecosystem token,” said Bitcoin.com CEO Dennis Jarvis. “I have no doubt that Verse will supercharge Bitcoin.com ’s mission to create economic freedom by helping to onboard millions more people to Bitcoin and decentralized finance where they can take advantage of the benefits enabled by self-custody, transparency, and censorship resistance.” The VERSE token will provide utility in Bitcoin.

The host of Mad Money, Jim Cramer, has advised investors to sell their crypto, emphasizing that “it’s never too late to sell an awful position.” Regarding FTX, Cramer predicted that the collapsed trading platform “won’t be the last of these crypto exchanges to go down.” Jim Cramer’s Latest Crypto Advice The host of CNBC’s Mad Money show, Jim Cramer, has advised investors to sell their cryptocurrencies following the collapse of crypto exchange FTX. Cramer is a former hedge fund manager who co-founded Thestreet.com, a financial news and literacy website. He said Monday: You can’t just beat yourself up and say, ‘hey, it’s too late to sell.’ The truth is, it’s never too late to sell an awful position, and that’s what you have if you own these so-called digital assets. The Mad Money host used to invest in bitcoin, ether, and non-fungible tokens (NFTs) but sold all his crypto holdings last year. “I told you I sold my bitcoin and ethereum a long time ago … and used the proceeds to bu