Tag: wall street

Sep 27 2022

Bitcoin and Crypto Defy Wall Street Meltdown With Strong Rally

Wall Street started the week in a correction mode with all three top U.S. indices correcting 1% on Monday, September 26. However, Bitcoin and the broader crypto market have made a surprising move northwards with the BTC price shooting past $20,000 levels. With the recent BTC move, more than $14... Read more

Sep 22 2022

US Banks Are Unable to Completely Finance Crypto Miners

At a congressional hearing on Wednesday, the heads of major US Banks like Citigroup, Bank of America, and Wells Fargo were questioned. Leading American banks' executives announced on Wednesday that they have no plans to provide financing for cryptocurrency miners. During a hearing of the House Financial Services Committee, Rep. Brad Sherman (D-Calif.), a critic […] The post...

Sep 21 2022

Wall Street: New Crypto Exchange Is The New rave Of Crypto Industry

In a live interview on TV's "First Mover," Jamil Nazarali, CEO of EDX Markets, talked about what his new Crypto Exchange means for institutional investors and why crypto's idea of being an asset class without a middleman is unlikely to last. As more and more institutions offer cryptocurrency to their big clients, a new crypto […] The post...

Sep 13 2022

Fidelity, Charles Schwab, and Other Wall Street Giants to Launch Crypto Exchange

Sep 13 2022 Published at Crypto Briefing under tags  fidelity news wall street

A group of Wall Street titans, including Fidelity, Charles Schwab, and Citadel, among others, are collectively launching a cryptocurrency exchange called EDX Markets. Fidelity, Others Launch EDX Markets A Wall...

Aug 19 2022

Bitcoin Slumps to $21.5K in Premarket Trading.

Bitcoin Slumps Before the U.S. stock market opens, Marathon Digital and Riot Blockchain are both down more than 10%. As Bitcoin Slumps and its bullish momentum starts to fade, cryptocurrency-related stocks are trading much lower in Friday's premarket. The cryptocurrency's price recently went down 8.6% to about $21,500. Marathon Digital (MARA) and Riot Blockchain (RIOT) […] The post...

Aug 17 2022

Ex-Goldman Sachs banker clarifies Wall Street’s Bitcoin error

Aug 17 2022 Published at Coinscreed under tags  bitcoin news wall street

John Haar, a former member of the traditional finance community, claims that Wall Street's reluctance to accept Bitcoin is due to a basic knowledge of "sound money." The lack of backing for Bitcoin from "traditional finance," according to John Haar, a former asset manager at the financial firm Goldman Sachs, is the result of a […] The post...

Jun 06 2022

Has JPMorgan Become Bitcoin’s Best Friend?

A recent note from JPMorgan Chase suggested the bank realizes that bitcoin isn’t going anywhere. But what do the rent seekers really think?There was a lot of fanfare made recently over an investment note from JPMorgan Chase which seemed to elevate bitcoin over real estate and other traditional asset classes as the...

May 14 2022

An Open Letter To A Bitcoin-Doubting Friend On Wall Street

Being employed by Wall Street colors how some people view Bitcoin. This letter is an attempt to lead one such person to the Bitcoin rabbit hole.Dear Wall Street friend, I write this letter because I like you. I know we have our differences, especially in terms of how we view the financial institutions that dominated the last century of history, but I...

LUNA, UST Meltdown Forces VanEck and 21Shares to Suspend Trading of 2 Terra ETPs

Summary: The downward spiral by Terra (LUNA) and TerraUSD (UST) has resulted in VanEck and 21Shares suspending the trading of two Terra-based exchange- traded products The two affected products are 21Shares' Terra ETP (ticker LUNA: SW) and VanEck's Terra ETN (ticker VLNA: GR) Both companies have stated that they are monitoring the situation with LUNA and UST to determine the next course of action...

Apr 22 2022

Bitcoin (BTC) Outpaces Wall Street’s Biggest Stocks, But There’s A Catch

Apr 22 2022 Published at Coingape under tags  bitcoin (btc) bitcoin news news wall street

While Bitcoin (BTC) stuck to a tight trading level this year, the token fared much better than several major technology stocks. Year-to-date losses in technology giants such as Alphabet, Microsoft, Amazon and Meta were far more than those seen by BTC. BTC has largely tracked major U.S. technology stocks in 2022. But a divergence in...

Mar 30 2022

Watching The Fed: Yield Curves, Wall Street And Food Shortages

We discuss the hawkish messaging of the Federal Reserve, the importance of a yield curve inversion and the possibility of an emerging food crisis.Listen To This Episode:Apple...

Mar 29 2022

Breaking: Michael Saylor’s MicroStrategy Borrows $205 Mln To Buy More Bitcoin

MicroStrategy said on Tuesday it had borrowed $205 million from crypto bank Silvergate Capital to purchase more Bitcoin (BTC). The loan will be backed by some of MicroStrategy's BTC...

Mar 23 2022

Wall Street Bank Cowen To Offer Spot Bitcoin Trading

The firm leveraged its small footprint to fast-track its way into offering spot instead of futures trading of bitcoin and cryptocurrency.Boutique investment bank Cowen Inc. will reportedly offer its institutional clients spot bitcoin trading through a new business unit.“This will be a meaningful division,” its co-president said.Standard Custody & Trust Co. will act as the bank’s...

Feb 28 2022

Breaking: Ebay Considering Crypto Payments To Attract GenZ Crowd

Feb 28 2022 Published at Coingape under tags  altcoin news bitcoin bitcoin news crypto ebay

E-commerce platform Ebay said it is considering the acceptance of crypto payments to attract gen-Z and millennial users, the Street reports. An...

Feb 16 2022

Crypto-Based Operations Go Viral on Wall Street

The crypto space, which was once an obscure industry, has gained mainstream attention and has been adopted by traders across the globe and on Wall Street. Several blockchain trends like NFTs, metaverse, and cryptocurrencies have gone viral. Rather than invest in the crypto space directly, many individuals and financial institutions have other plans. They prefer to buy into private and non-private companies that...

Dec 02 2021

Report: Goldman Sachs And Other Wall Street Banks Are Exploring Bitcoin-Backed Loans

Goldman Sachs is among a handful of top-tier banking institutions in the U.S. seeking to take bitcoin as collateral for loans.Goldman Sachs and a handful of other Wall Street banks are exploring ways to do institutional cash loans with bitcoin as collateral, CoinDesk...

Dec 01 2021

Co-Opted By Wall Street: Bitcoin’s Biggest Risk?

As bitcoin gains mainstream acceptance from centralized financial institutions, will Wall Street come to ruin what is most powerful about the asset?Bitcoin’s potential is immense — an independent global reserve asset, the foundation of a more ethical financial system, uncorrupted by centralized financial overlords. But what is the risk that bitcoin could become co-opted and corrupted by those centralized...

Nov 08 2021

Wall Street Is Paying Top Dollar To Fill Ranks In Its Crypto Army

currenWall Street is hellbent on getting its feet deep in the waters of crypto and it is recruiting an army to do so. Bloomberg reported that in the last three years, about 1,000 crypto-related roles have been...

Oct 30 2021

On Bitcoin Criticism By Wall Street

Oct 30 2021 Published at Bitcoin Magazine under tags  critic culture wall street

Those who criticize Bitcoin fail to see that it is a technological representation of decentralization, often copied by others hoping to improve upon it.Recently, I had the privilege of reading an op-ed in the New York Magazine describing the very public positions of several Wall Street investors and...

Oct 25 2021

Wall Street Brokers Growing Interested In Bitcoin And Miners, Analyst Says

Fintech institutional investors are growing more aware and interested in BTC and mining companies, DA Davidson analyst Christopher Brendler reported.Interest from Wall Street in Bitcoin is growing, having tripled since the beginning of the year, DA Davidson's analyst said.Analyst Christopher Brendler estimates that three times as many Wall Street brokers that cover the payments sector are...

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