Tag: bloomberg

Bitcoin's (BTC) potential as a safe-haven asset is gaining traction among investors as recent U.S. bank failures shift market sentiment, according to Bloomberg Intelligence senior macro strategist Mike McGlone. McGlone explained that the high-profile collapses of banks have raised concerns about the stability of the traditional financial system. This has led investors to seek out alternative assets, such as Bitcoin, that are not...

Mike McGlone, the senior macro strategist at Bloomberg Intelligence, outlined the primary catalyst for the downturn of Bitcoin and Crypto prices. In his recent digital asset analysis, McGlone cited the US Federal Reserve's hawkish inflation-curbing strategy as the primary factor that...

BlockFi has received the bankruptcy court's approval to set up the auction for its crypto mining business. The bidding process will conclude by 20 February and all deals will be subject to approval from the court.

Binance held customer funds and token collateral in the same cold wallet. The exchange claimed that the mixing was by mistake and is working on correcting it.

London-based investment manager Man Group Plc is preparing to launch a cryptocurrency hedge fund and digital assets. According to a November 18 Bloomberg article, Man Group is getting ready to introduce its cryptocurrency- focused hedge fund through its computer-driven trading subsidiary AHL. Bloomberg stated that the new hedge fund might be prepared by the end of […] The post...

Sam Bankman-Fried $16 billion net worth has now been reported by Bloomberg's Billionaire Index to be $0 following the collapse of FTX. The CEO of FTX. Sam Bankman-Fried, is suffering as a result of what is arguably the most devastating collapse in the history of the cryptocurrency industry. The former crypto tycoon's entire fortune has […] The post...

According to JPMorgan experts, the FTX catastrophe may have caused the price of Bitcoin to plunge as low as $13,000. The American financial behemoth JPMorgan predicts that Bitcoin, which currently costs about $15,000, might go below its production cost. According to JPMorgan, the downfall of one of the biggest cryptocurrency exchanges would result in "a […] The post...

Following the recent trouble facing FTX crypto exchange, the founder Sam Bankman-Fried (SBF) no longer ranks in the top 500 on Bloomberg’s billionaire index. After a 94% estimated overnight decline in his personal wealth, crypto billionaire Sam Bankman-Fried (SBF) may no longer be allowed to call himself a "billionaire," according to the Bloomberg Billionaires Index. […] The post...

Armed with a $1 billion war chest, Binance's Changpeng Zhao has indicated that the exchange is looking to acquire a bank.

Tether has criticized a report published by Bloomberg that talks about a renewed investigation onto it's bank fraud case. The company has alleged that Bloomberg is recycling old news for attention.

Blockchain.com has reportedly concluded a strategic funding round for an undisclosed amount despite the slowdown in crypto investment.

According to the study, most of the Crypto Exchange transfers were made in U.S. dollars, and the majority of the money went to Hong Kong. According to South Korea's banking authority, there have been $7.2 billion in "abnormal" foreign Crypto Exchange transfers since June, the majority of which were made through cryptocurrency exchanges, according to […] The post...

A senior analyst for Bloomberg shared the organization’s Crypto Outlook report explaining why bitcoin will outperform other assets over time.Senior commodity analyst for Bloomberg expects bitcoin to bottom around $20,000.The Bloomberg Crypto Outlook Report explains changes in the Fed’s tight monetary policy can result in rising prices for bitcoin.The report cites bitcoin’s dwindling...

Summary: 3AC boss Su Zhu accused liquidators of misleading the court and authorities regarding Three Arrows entities and assets. Zhu voiced his concerns via an affidavit in Bangkok, Thailand on August 19. Notably, the 3AC co-founder was present in person for the event. The appearance came days after a Singapore court approved a key petition from lead liquidator Teneo. Co- founder of beleaguered crypto...

Bloomberg Intelligence's latest crypto outlook report said Bitcoin (BTC) might begin to perform more like the U.S. Treasury bonds rather than stock equities as it slowly recovers from the recent market crash....

Changpeng Zhao, the CEO of Binance, filed a lawsuit against Modern Media CL, the publisher of Bloomberg Businessweek in Hong Kong, on Monday, alleging defamation over a title of a translated Chinese language article that described the executive of the cryptocurrency exchange as operating a "Ponzi scheme." Binance CEO Out For Blood Changpeng Zhao, the CEO of Binance, is suing Bloomberg Businessweek in...

In the latest hint that Wall Street is pushing farther into crypto, Goldman Sachs has offered its first bitcoin-backed loan. Goldman Sachs Makes History In order to aid to the institutional adoption of cryptocurrencies, Goldman Sachs has granted its first ever Bitcoin-backed loan. According to Bloomberg, the...

Goldman has reportedly offered its first ever lending facility backed by BTC as the Wall Street giant deepens its Bitcoin offerings.Goldman Sachs has offered its first bitcoin-backed loan.The arrangement, made popular over the past few years in the Bitcoin industry by...

Bitcoin is on its way to becoming global collateral Bloomberg's analyst Mike McGlone has often maintained. He has reiterated that Bitcoin's sustained buoyancy in the face...

Bitcoin's price performance has been highly impressive in the last few weeks. The market...