BITCOIN

The host of Mad Money, Jim Cramer, says he would still sell bitcoin despite the failures of major banks and growing public distrust in the banking system and the Federal Reserve. “Bitcoin is a strange animal,” he said, asserting that the price of the cryptocurrency is “being manipulated up.” Jim Cramer’s Recommendations The host of CNBC’s Mad Money show, Jim Cramer, says he would sell bitcoin into this rally as the price of BTC jumped following the collapse of several major banks. Cramer is a former hedge fund manager who co-founded Thestreet.com, a financial news and literacy website. Responding to a caller’s question on Monday’s Mad Money show about whether the “continued distrust” in the banking system and the Federal Reserve has “strengthened the investment case for bitcoin,” Cramer acknowledged that the price of BTC has gone up, but firmly replied: No … Bitcoin is a strange animal. I will say point-blank, I think it’s being manipulated up … I would sell my bitcoin right in

The decision to close down Signature Bank had “nothing to do with crypto,” said the New York State Department of Financial Services, the regulator that took possession of the troubled bank on Sunday. The financial watchdog insisted that its decision to put Signature Bank in receivership “was based on the current status of the bank and its ability to do business in a safe and sound manner.” ‘Nothing to Do With Crypto’ After the New York State Department of Financial Services (NYDFS) took possession of Signature Bank on Sunday, there have been speculations regarding whether the regulatory action was linked to cryptocurrency. Former U.S. Representative Barney Frank, who was involved in the drafting of the Dodd-Frank Act and had been a member of Signature Bank’s board since 2015, believes that the regulator’s move was related to cryptocurrency. He told CNBC Monday: I think part of what happened was that regulators wanted to send a very strong anti-crypto message. “We became the po

The government of Spain has approved the resources for a new issuance of gold bullion coins, which will be directed to satisfy a higher estimated demand for these instruments. The Spanish National Coin Factory will purchase 40 million euros in high-quality gold pieces for this batch, a significantly higher amount of gold compared to the two series issued before. Spanish National Coin Factory Prepares Gold Bullion Coin Issuance Spain is preparing the issuance of a new gold bullion coin to satisfy the demand of the market for such instruments. In February, the government of Spain approved a budget of 40 million euros (almost $43 million) for the issuance of a new batch of gold coins. Most of the budget will be used by the National Coin Factory to purchase high-purity and quality gold to mint these coins. According to reports, the amount approved for this task is unusually high, something that hints at the demand the institution estimates the products will have when issued. Analysts