Tag: bloomberg

Mar 22 2023

Bitcoin To Become Sought-After Asset Over Traditional Finance, This Analyst Says

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...

Mar 04 2023

This Analyst Reveals The Catalyst Of Crypto Prices Downturn

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...

Jan 30 2023

BlockFi Gets The Nod To Accept Bids For Crypto Mining Business

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.

Jan 24 2023

Binance Held Token Collateral And Customer Funds In The Same Wallet

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.

Nov 18 2022

Man Group To launch Crypto Hedge Fund

Nov 18 2022 Published at Coinscreed under tags  bloomberg ftx hedge fund news

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...

Nov 11 2022

Sam Bankman-Fried $16 billion net worth drops to nothing

Nov 11 2022 Published at Coinscreed under tags  bloomberg ftx news sam bankman-fried sbf

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...

Nov 10 2022

JPMorgan and Bloomberg forecasts Bitcoin will fall to $13,000

Nov 10 2022 Published at Coinscreed under tags  bitcoin bitcoin news bloomberg jpmorgan

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...

Nov 09 2022

SBF falls off Bloomberg’s billionaire index

Nov 09 2022 Published at Coinscreed under tags  billionaire index bloomberg news sbf

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...

Nov 02 2022

Binance’s Changpeng Zhao Mulls Over Bank Acquisition With $1 Billion War Chest

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

Oct 31 2022

Tether ($USDT) Hits Back At Bloomberg For Report Over Renewed Fraud Probe

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.

Oct 14 2022

Blockchain.com Investors Remain Undeterred Despite Ruthless Crypto Winter

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

Sep 22 2022

Over $7.2B in Crypto Exchange Transacted Since June

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...

Sep 08 2022

Bloomberg Analyst: Bitcoin Is A ‘Wild Card’ Set To Outperform

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...

Aug 26 2022

Three Arrows Capital (3AC) Co-Founders Embroiled In Fresh Friction With Liquidators As Jailtime Looms: Bloomberg

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...

Aug 04 2022

Bitcoin to perform more like US Treasury bonds as it recovers from crash – Bloomberg Intelligence says

Aug 04 2022 Published at CryptoSlate under tags  analysis bitcoin bloomberg ethereum

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....

Jul 26 2022

Binance CEO Sues Bloomberg Subsidiary For Publishing Defamatory Article

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...

Apr 29 2022

Wall Street Giant Goldman Sachs Makes History, Offers First Bitcoin-Backed Loan

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...

Apr 28 2022

Goldman Sachs Offers Its First Bitcoin-Backed Loan: Report

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...

Apr 06 2022

Bitcoin Poised To Outperform Nasdaq 100: Bloomberg

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...

Apr 01 2022

Mike McGlone Sights A “Divergent Strength” In Bitcoin

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

Know a good blog/source that is not listed? Contact us or fill the form below to add one: