A senior litigation analyst at Bloomberg Intelligence believes that the odds are now in favor of Grayscale in its legal battle with the U.S. Securities and Exchange Commission (SEC). Last year, Graysc...
Tag: Bloomberg
Regulators rush to sell SVB assets to make uninsured accounts partly available on Monday: Bloomberg
Regulators are scurrying to sell assets of the failed Silicon Valley Bank this weekend and hope to make between 30% to 50% of uninsured deposits available for withdrawal Monday, Bloomberg reported. &#...
Brevan Howard takes over Dragonfly Capital Crypto Fund: Bloomberg
Deals • March 11, 2023, 6:14AM EST Global asset management firm Brevan Howard is taking over a hedge fund spun off from crypto investment company Dragonfly Capital. Brevan Howard, which manages ...
Ripple v SEC Heats Up: Bloomberg Expert Predicts Ruling In First Half Of 2023
Bloomberg Intelligence analyst Elliott Z. Stein recently commented on the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), stating that he expects a ruling on...
Bloomberg Expert Expecting Ruling in Coming Months
Alex Dovbnya Stein expects a ruling on the summary judgment motions in the first half of this year During an appearance on Laura Shin’s “Unchained” podcast, Elliott Z. Stein, a Bloom...
Bloomberg analyst says it is time to short crypto
According to Mike McGlone, a senior commodities strategist at Bloomberg Intelligence, it may be premature to declare the bear market for cryptocurrencies over. In a recent report, McGlone argues that ...
Kraken Pulling Back From Using Signature Bank: Bloomberg
Join the most important conversation in crypto and web3! Secure your seat today Crypto exchange Kraken is pulling back from using crypto-focused bank Signature Bank for some significant financial tran...
Bloomberg Analyst on Bitcoin: ‘Headwinds Remain Strong’
McGlone puts a damper on the Bitcoin bull market party. Bloomberg Senior Macro Strategist Mike McGlone has asserted that Bitcoin remains in a downward trajectory. The analyst tweeted this view yesterd...
BitFlyer’s ex-CEO vies for former role: Bloomberg
Yuzu Kano, the co-founder of Japanese crypto exchange BitFlyer, is reportedly planning to retake his old position as chief executive officer of the firm, according to a Bloomberg report. Kano’s ...
Axie Infinity Will Become More Aggressive with Crypto: Bloomberg
According to a Bloomberg report, Axie Infinity, the popular name in the blockchain-based video game, is planning to be “even more aggressive” with crypto tokens earned by its players in 2023. Axie sug...
Bitcoin (BTC) Must Hold Above $25,000, Here’s Why, Explains Bloomberg Expert
Gamza Khanzadaev Bitcoin (BTC) holding above $25,000 is crucial for bull market potential, Bloomberg’s Mike McGlone explains why Disclaimer: The opinion expressed here is not investment advice –...
Bloomberg Analyst Says This Has To Happen for Fed Easing and Sustained Bitcoin Rally
The markets have rallied on the expectations of a Fed pivot, but McGlone expresses skepticism. Bloomberg Intelligence Senior Macro Strategist Mike McGlone has noted that a stock market dump might be n...
Bloomberg Intelligence Analyst Warns That Bitcoin Q1 Bounce Favors “Tactical Shorts”
Despite this, the analyst remains bullish on the asset long-term. Bloomberg Intelligence Senior Macro Strategist Mike McGlone has cautioned that Bitcoin’s latest bounce to resistance at $25k may favor...
Chinese Government Approves of Hong Kong’s Crypto Plans: Bloomberg
Key Takeaways Hong Kong is gearing up to become a crypto hub. The Chinese government is giving subtle hints of approval towards the plan. Yesterday a Hong Kong regulatory body outlined conditions unde...
Elusive Chinese Billionaire Jack Ma Spotted In Australia, Report Says
Topline Alibaba co-founder Jack Ma was recently seen in Australia, Bloomberg reported, in what appears to be a continuation of a quiet world tour for the elusive Chinese billionaire who has largely ke...
CZ denies Bloomberg US delisting report
Reports emerged that Binance Global intends to end partnerships with U.S.-based firms such as banks and terminate listing tokens linked to U.S.-based projects as regulators cast the net deeper. Binanc...
Former FTX exec Nishad Singh plans to plead guilty to criminal charges: Bloomberg
Legal • February 17, 2023, 2:43PM EST A third former FTX executive is preparing to plead guilty to criminal charges, Bloomberg reported. Nishad Singh, the former director of engineering at FTX, ...
Bloomberg Analyst Issues Warning, Says Bitcoin Facing Massive Threat From Rate Hikes and Recession
Bloomberg Intelligence senior macro strategist Mike McGlone is warning Bitcoin (BTC) traders to avoid fighting the U.S. Federal Reserve. McGlone warns his 54,500 Twitter followers that BTC is still fa...
Circle warned regulator about rival Binance stablecoin last year, Bloomberg says
Circle filed a complaint with the New York State Department of Financial Services last year over rival Binance’s “mismanagement of reserves” for its own tokens, Bloomberg News report...
PayPal pauses stablecoin project amid Paxos probe: Bloomberg
PayPal’s putting work on its stablecoin on ice amid increasing regulatory scrutiny, Bloomberg News reported, citing a source. The news came a day after a report that the New York Departmen...
Bloomberg Analyst Warns Rise of Solana, Avalanche Could Be Thwarted by Polygon and Other Ethereum Layer-2s
Bloomberg’s lead commodity strategist says that scaling solutions on Ethereum (ETH) may be threatening the rise of the alternative layer-1s like Solana (SOL) and Avalanche (AVAX). In a new report on c...
Bloomberg Unveils Crypto Outlook – Highlights Explosive Polygon (MATIC) Adoption, Forecasts Ethereum Will Outperform Bitcoin
Bloomberg Intelligence has released its official crypto outlook for the month of February, citing massive mainstream adoption of Polygon (MATIC) and forecasting the future of Ethereum’s performance re...
Justice Department probes Silvergate’s relationship with FTX: Bloomberg
The Justice Department’s fraud department has begun probing Silvergate’s handling of accounts for Sam Bankman-Fried’s firms, Bloomberg reported, citing unnamed people familiar with the matter. T...
Bloomberg Analyst Issues Bitcoin and Ethereum Warning, Says Looming Recession To Weigh Down on Crypto
Bloomberg Intelligence senior macro strategist Mike McGlone is warning the economy is likely to enter a recession, resulting in a drop in cryptocurrency values. In a new interview with crypto influenc...
Scaramucci’s SkyBridge Capital Lost 39% Last Year: Bloomberg
Anthony Scaramucci’s investment management firm SkyBridge Capital lost 39% in its biggest funds last year thanks to bad crypto-related bets, including an equity partnership with now-failed crypto exch...
Moody’s developing stablecoin scoring system: Bloomberg
Rating agency Moody’s is developing a system to score stablecoins. It will include an analysis of up to 20 stablecoins and rate them based on the quality of attestations on the reserves ba...
Top Bloomberg Analyst Says Bitcoin (BTC) Should Add Another Zero To Price – But There’s a Catch
Bloomberg Intelligence senior macro strategist Mike McGlone says Bitcoin (BTC) is likely to hit six figures, but the timing of such a rise remains unclear. In a new interview with crypto influencer Sc...
BlockFi looks to sell bitcoin mining loans totaling $160 million: Bloomberg
Crypto lender BlockFi is looking to sell $160 million in bitcoin mining machine-backed loans amid its bankruptcy process. The bidding started last year and some of the loans may be under-collate...
Bitcoin (BTC) Recovery Unlikely To Be Easy, Warns Bloomberg Strategist Mike McGlone – Here’s Why
Bloomberg Intelligence senior macro strategist Mike McGlone says Bitcoin’s (BTC) road to recovery comes with big challenges. McGlone tells his 54,400 Twitter followers that Bitcoin may be forming a bo...