Former FTX.US president Brett Harrison has raised $5 million from investors including Coinbase Ventures and Circle Ventures to build out his latest venture: Architect. The new firm—which Harris...
Tag: Bloomberg
Bloomberg Strategist Mike McGlone Says Bitcoin May Have Reached Bottom
Bitcoin (BTC) has been trading consecutively above the $20,500 benchmark for at least four days in a row as the premier digital currency has continued to drive broader bullish market momentum. Riding ...
Bitcoin One of the Best Performing Assets in 2023: Bloomberg Intelligence
Bitcoin’s rise within the past two weeks has made it one of the best-performing assets of the year, according to Bloomberg Intelligence. The firm’s senior macro strategist, Mike McGlone, compares the...
Fidelity International-backed OSL latest crypto outfit to slash workforce: Bloomberg
Fidelity International-backed OSL, a digital-assets platform, is the latest crypto firm to cut jobs, Bloomberg News reported. The Hong Kong-based company is cutting costs by about 30%, including...
BTC forming bottom akin to 2018 with one key difference: Bloomberg analyst
Mike McGlone, Bloomberg’s senior commodity strategist, believes Bitcoin (BTC) could be developing a “bottom” in the same way it did prior to 2019’s bull run but said there is a major difference...
Bloomberg Analyst Says Bitcoin Bottoming Out Like 2018 Amid ‘Unprecedented’ Macro Climate
Bloomberg Intelligence senior macro strategist Mike McGlone says Bitcoin (BTC) is forming a bottom similar to 2018 under but very different macroeconomic conditions. In a new interview with Scott Melk...
Bloomberg, WSJ, CoinDesk Among the Media Outlets Seeking to Know Who Bailed Out Sam Bankman-Fried
“The public’s interest in this matter cannot be overstated,” said one filing made Thursday to U.S. District Judge Lewis Kaplan in the Southern District of New York on behalf of the Associated Press, B...
An Abrupt End to Ferrari NV- Velas Network Deal; Reports Bloomberg
Ferrari NV’s Formula One Team and blockchain company Velas Network AG ended its ties The multi-year agreement with Velas to create digital content for its community ends with no explanation. Amber Gro...
Digital asset-focused funds dominate top 14 equity ETFs: Bloomberg
Digital asset-focused trading funds comprised the top 14 equity exchange traded funds (ETFs) in 2023 (excluding leveraged funds), according to data compiled by Bloomberg. Some of the top perfor...
A Binance Stablecoin Wasn’t Always Fully Backed: Bloomberg
The resiliency of stablecoins and whether they’re backed by a reliable pile of money is a contentious one in the cryptocurrency industry. Stablecoins are meant to closely track the value of some...
Top Bloomberg Strategist Says He’s ‘Shocked’ By Ethereum’s Performance, Details Outlook on ETH and Bitcoin
Bloomberg Intelligence senior macro strategist Mike McGlone says the top two crypto assets by market cap remind him of the early days of Netflix. In a new interview with crypto influencer Scott Melker...
Prosecutors investigate former FTX executive Nishad Singh: Bloomberg
Federal prosecutors are probing whether former FTX Director of Engineering Nishad Singh played any role in trading schemes that resulted in the illicit use of customers’ funds, Bloomberg first r...
Global Recession Will Push Bitcoin Price to Remarkable Highs In 2023 — Bloomberg Analysts ⋆ ZyCrypto
Advertisement     Bitcoin’s turbulent performance in 2022 hasn’t deterred big players from predicting a promising run for the asset in 2023. Bloomberg is one such plat...
Digital Currency Group’s transfers to Genesis draw US investigations: Bloomberg
U.S. authorities are investigating the flow of funds between Digital Currency Group and its Genesis lending subsidiary, according to a report by Bloomberg. Federal prosecutors in the Eastern Di...
Bitcoin ‘Poised To Come Out Ahead’ After Bear Market, but Could Drop to This Level First: Top Bloomberg Analyst
Mike McGlone, Bloomberg’s senior macro strategist, says Bitcoin (BTC) is “poised to come out ahead” after the current bear market, but it could take a serious price dip first. McGlone notes in a new a...
Indonesia plans to launch its own crypto exchange: Bloomberg
Indonesia plans to establish a national crypto exchange amid broader financial sector reform. Crypto assets are supervised by Indonesia’s Commodity Futures Trading Regulatory Agency, Bappe...
Core Scientific will cut power to 37,000 Celsius miners: Bloomberg
Core Scientific will cut off power to 37,000 mining rigs for which Celsius still owes payment, the two now-bankrupt companies agreed. Bloomberg first reported the news. The agreement marks the ...
Michael Bloomberg weighs Dow Jones, WaPo purchase as media eyes more M&A: report
Billionaire businessman Michael Bloomberg is reportedly interested in acquiring Jeff Bezos’ The Washington Post or Dow Jones, the parent company of The Wall Street Journal, Barron’s, and M...
Michael Bloomberg launches bid to break up Murdoch’s print empire
Former mayor of New York Michael Bloomberg speaks with participants prior to a meeting with Earthshot prize winners – REUTERS Michael Bloomberg is launching a bid to break up Rupert Murdoch’s pr...
Caroline Ellison tells court she knowingly misled lenders: Bloomberg
Caroline Ellison, the former CEO of Alameda Research, told a federal court in New York that she knowingly misled lenders about how much the firm had been borrowing from the collapsed FTX crypto exchan...
FTX funded 94% of Blockfolio takeover with its FTT token: Bloomberg
When now-defunct crypto exchange FTX acquired the portfolio tracking platform Blockfolio in 2020, it used its own exchange token, FTT, to fund the takeover, according to Bloomberg. Roughly 94% o...
Bloomberg Analyst Predicts Ethereum (ETH) Outperforms Bitcoin (BTC) Once Risk Assets Reverse
Bloomberg’s lead commodity strategist Mike McGlone says that Ethereum (ETH) is gearing up to outperform Bitcoin (BTC). The closely followed analyst says that despite rough waters for nearly all risk a...
Bitcoin Poised To Outperform: Bloomberg Analyst
After the Bank of Japan (BOJ) announced a surprising turnaround in its monetary policy today, the Bitcoin price managed to rise near the important resistance level of $16,900. The BOJ announced that i...
Bloomberg now expects 2023 to be one of the worst years for the world economy since 1993. But don’t panic — here are 3 stocks to help protect you from the pain
Bloomberg now expects 2023 to be one of the worst years for the world economy since 1993. But don’t panic — here are 3 stocks to help protect you from the pain The world economy has largely boun...
Binance CEO warns colleagues ‘crypto winter’ isn’t over: Bloomberg
“While we expect the next several months to be bumpy, we will get past this challenging period — and we’ll be stronger for having been through it,” Bloomberg reported the executive as saying in an int...
Bahamas regulators investigate FTX client withdrawals: Bloomberg
Whether or not FTX executives played a role in client withdrawals that took place after the exchange saw its assets frozen is now under investigation by Bahamian authorities, Bloomberg News reported, ...
Microsoft To Buy 4% Stake In London Stock Exchange As Part Of 10-Year Deal
Topline Microsoft plans to buy a 4% stake in the London Stock Exchange Group, the U.S. tech giant announced on Monday, part of a decade-long partnership designed to enhance the exchange’s data and ana...
New York Times, FT, Bloomberg Blasted for Attempting to Get FTX Creditors’ Names Unsealed – Coinotizia
Amid the ongoing FTX bankruptcy proceedings, court documents indicate that media firms such as Bloomberg, the New York Times (NYT), Dow Jones & Company, and the Financial Times (FT) want the redac...
New York Times, FT, Bloomberg Blasted for Attempting to Get FTX Creditors’ Names Unsealed – Bitcoin News
Amid the ongoing FTX bankruptcy proceedings, court documents indicate that media firms such as Bloomberg, the New York Times (NYT), Dow Jones & Company, and the Financial Times (FT) want the redac...