A group of the world’s biggest media corporations is making a move to reveal the identities of those who lost money in the collapse of crypto exchange FTX. According to documents provided by Kroll, FT...
Tag: Bloomberg
Bitcoin (BTC) Set To Vastly Outperform Gold, According to Top Bloomberg Analyst – Here’s Why
Bitcoin (BTC) is likely ready to outshine gold, according to Bloomberg’s lead commodity strategist Mike McGlone. The popular analyst says that the flagship cryptocurrency is currently four times more ...
Caroline Ellison hires former SEC crypto regulator as lawyer for FTX probe: Bloomberg
Former Alameda Research head Caroline Ellison hired a former crypto regulator at the U.S. Securities and Exchange Commission to represent her in an ongoing federal probe into the collapse of the FTX e...
U.S. prosecutors probing FTX founder Sam Bankman-Fried in potential fraud case: Bloomberg
U.S. prosecutors are probing Sam Bankman-Fried, the disgraced founder of now-bankrupt crypto group FTX, for a potential fraud case against him, Bloomberg reported Friday, citing a person familiar with...
Best days ahead for Crypto Market in 2023: Bloomberg Strategist.
Mike says it is not just crypto winter but everything winter. The only sector that is seeing profits is commodities. But it had to come down too. If not, Fed will keep tightening until they do. Mik...
The Critique That Best Buy Is Just An Amazon Showroom Is Staid And Boring
Montclair, CA / USA – September 26, 2020: A large Geek Squad van is parked at the Best Buy retail … [+] store located in Montclair, California. getty Every year, for what seems like the past 10 ...
FT, Bloomberg, NYT and WSJ file suit to make FTX creditors public
The Financial Times, The Wall Street Journal, The New York Times and Bloomberg have filed a suit seeking to unseal who the creditors of the collapsed crypto exchange FTX are. The news organizations wa...
Bloomberg Analyst Says Ethereum (ETH) and Rest of Crypto Markets To Rise Again in 2023
Bloomberg commodity strategist Mike McGlone thinks crypto will return to outperforming traditional assets next year. In a new analysis, McGlone notes that the value of the crypto market was slashed by...
Bitcoin miner Marathon explores Compute North bid: Bloomberg
Marathon Digital Holdings Inc. has hired advisers to help navigate a potential bid for its partner Compute North, a troubled crypto miner currently going through bankruptcy, according to Bloomberg. Ma...
Celsius must return $44 million in crypto to users: Bloomberg
Crypto lender Celsius Network must return around $44 million worth of crypto back to customers, even if it didn’t enter Celsius’s interest-bearing accounts. Chief Bankruptcy Judge M...
Coinbase’s Armstrong expects revenue to fall 50% or more, he tells Bloomberg
Coinbase CEO Brian Armstrong said the crypto exchange’s revenue this year will likely be cut in half or more from 2021’s sales number, blaming the state of the industry and shaken investor...
Blockstream’s unicorn status in jeopardy as it seeks fresh funding: Bloomberg
Crypto infrastructure firm Blockstream is looking for a fresh injection of capital at a significantly lower valuation than it raised at last year. The startup raised $210 million in a Series B r...
Hedge fund Fir Tree files lawsuit against Grayscale: Bloomberg
Hedge fund Fir Tree Capital Management is suing crypto investment fund Grayscale Investments for information to investigate potential mismanagement and conflicts of interest, Bloomberg News reported, ...
End of Crypto Winter Is Near, Says Bloomberg Analyst
The crypto market crash has kept many investors and experts in a skeptical state of mind. This resulted from liquidity crashes and inflation that became more pressurizing in 2022. As a result, several...
FTC investigating crypto firms over misleading advertising: Bloomberg
The U.S. Federal Trade Commission is looking into several unnamed crypto firms over allegations of deceptive or misleading advertising, the agency told Boomberg News. A spokesperson for the regu...
Bloomberg Analyst Says Crypto in ‘Final Stages’ of Bear Market, Predicts Ethereum (ETH) Will Come Out Ahead
Bloomberg commodity strategist Mike McGlone says that Ethereum (ETH) will come out ahead due to the smart contract platform’s solid fundamentals. In a new interview on Stansberry Research, the analyst...
El Salvador President Disses Bloomberg Over Bitcoin Criticisms
El Salvador President Nayib Bukele called a Bloomberg report on its bitcoin experiment “full of lies.” The crypto community largely seems to agree with him. El Salvador’s President Nayib Bukele lashed...
LedgerX for sale, with interest from Blockchain.com, Gemini, others: Bloomberg
Crypto derivatives exchange and clearinghouse LedgerX is for sale, with Blockchain.com and Gemini among those interested in acquiring the firm, Bloomberg reported late Friday. LedgerX is regulat...
Alameda invested $1.15 billion into crypto miner Genesis: Bloomberg
Alameda Research, the trading firm closely related to embattled exchange FTX, invested $1.15 billion into crypto miner Genesis Digital Assets. This was Alameda’s and FTX’s biggest v...
Nicholas Truglia served with 18-month prison sentence: Bloomberg
Nicholas Truglia, the 25-year-old hacker who last year pleaded guilty to conspiracy to commit wire fraud, now faces 18 months in prison, Bloomberg News reported. Truglia had been facing up to 63...
FTX’s LedgerX to free up $175 million for use in bankruptcy proceedings: Bloomberg
LedgerX, FTX Group’s solvent subsidiary that also had to file for bankruptcy protection as part of the group, will make available $175 million for use in bankruptcy proceedings, Bloomberg report...
Genesis creditors organize in bid to forestall bankruptcy move: Bloomberg
Crypto firm Genesis Global Capital warned last week about a possible bankruptcy filing, and now some of its creditors are pursuing options in order to prevent such a move. Law firms Proskauer Ro...
Bloomberg Analyst Says Ethereum (ETH) Will Hold Up Better Than Bitcoin (BTC) in Next Market Correction
Bloomberg Intelligence senior macro strategist Mike McGlone says that Ethereum (ETH) is showing strong support, while Bitcoin (BTC) will likely fall lower. In a new interview with Deep Dive host Cassa...
Bitcoin (BTC) Price On Cusp of 40% Crash – Predicts Bloomberg Analyst
The largest cryptocurrency by market value, Bitcoin (BTC), has made some progress since Monday when it plunged to a two-year low of $15,480 due to uncertainty about the future of the crypto-financial ...
CZ grilled on Bloomberg TV, sets the record straight, and shows he is the boss
In recent times, mainstream media outlets have dominated the crypto market with false information. Changpeng Zhao was in an interview with Bloomberg TV and Radio a while back and he has made a point t...
Bloomberg Analyst Reveals His Price Floor for Bitcoin (BTC), Says Not Allocating to Crypto Risky for Institutions
Bloomberg Intelligence senior macro strategist Mike McGlone is setting a new potential price floor for the Bitcoin (BTC) bear market. In a new interview with crypto analyst CryptoBirb, McGlone says Bi...
Bloomberg Analyst Explains Key Difference Between Current Crypto Crisis and Mortgage Meltdown of 2008
Alex Dovbnya Mortgage market helped people to get homes, while cryptocurrency market remains mostly useless, according to Joe Weisenthal Joe Weisenthal, co-host of Bloomberg’s Odd Lots podcast, ...
Binance CZ denies Bloomberg report of Abu Dhabi fundraising attempt
The CEO of Binance, CZ, has denied a report published by Bloomberg on Nov. 21 that he was seeking investment for an industry recovery fund. CZ took to Twitter to succinctly confirm that the report was...
Binance CEO met with Abu Dhabi investors about industry recovery fund: Bloomberg
Binance CEO Changpeng “CZ” Zhao met with investors in Abu Dhabi last week in an effort to raise cash for a crypto industry recovery fund, Bloomberg News reported, citing sources. Zha...
Prosecutors investigated FTX for months before collapse: Bloomberg
The U.S. Attorney’s Office for the Southern District of New York was investigating FTX months before the crypto exchange filed for bankruptcy protection, Bloomberg reported. Prosecutors were spe...
Genesis warns of possible bankruptcy without funding: Bloomberg
Genesis is having a hard time raising cash for its lending unit, and it is warning potential investors it could possibly file for bankruptcy if it is unable to do so, Bloomberg reported, citing people...