Another Twitter career bites the dust. Tess Rinearson, head of the social media platform’s crypto team, has exited Twitter amid a massive number of both layoffs and employees quitting in the wak...
Tag: Bloomberg
Man Group close to launching crypto hedge fund despite FTX collapse: Bloomberg
Man Group, the biggest publicly traded hedge fund firm, is reportedly close to starting a crypto hedge fund. The crypto hedge fund strategy has been in development for several months, Bloomberg ...
Binance’s role in FTX collapse unclear to UK lawmakers: Bloomberg
UK lawmakers are not convinced by the evidence Binance provided to understand its role in the collapse of FTX, according to a member of Parliament. Binance sent answers to questions from the UK...
Temasek, Sequoia, SoftBank take more the $600 million in FTX write-downs: Bloomberg
FTX investors including Temasek, Sequoia Capital and SoftBank are writing off hundreds of millions of dollars they poured in the now-failed exchanged, Bloomberg reported, citing people familiar. ...
Goldman paid $12 million to settle sexism complaint, Bloomberg reports
Goldman Sachs logo displayed on a smartphone. Omar Marques | SOPA Images | LightRocket via Getty Images Goldman Sachs paid more than $12 million to a former female partner to settle claims that senior...
Bitcoin Could Crash by Nearly 40%! Bloomberg Strategist Lays Out The Timeline
The market valuation for all cryptocurrencies decreased by 24% to $770 billion between November 8 and 10. Asset values rose 16% as fear receded and forced future contract liquidations lessened. Moreov...
Ethereum (ETH) Could Crash by Over 60% if One Critical Support Area Crumbles: Bloomberg Strategist Mike McGlone
Bloomberg Intelligence senior macro strategist Mike McGlone says that Ethereum’s (ETH) future price hinges on it maintaining a key support level. McGlone says that if Ethereum’s support level at $1,00...
Bloomberg Strategist Mike McGlone Says Bitcoin Could Crash by Nearly 40% After FTX Fiasco – Here’s the Timeline
Bloomberg Intelligence senior macro strategist Mike McGlone predicts that Bitcoin (BTC) could fall to levels last seen in July 2020. McGlone says that Bitcoin could fall by 39% from the current price ...
FTX faces having European investment license suspended: Bloomberg
FTX’s European Union license in Cyprus could be suspended in yet another blow to Sam Bankman-Fried’s crypto exchange, according to Bloomberg. FTX Europe looks set to have its Europe...
FTX faces SEC and CFTC investigation: Bloomberg
Crypto exchange FTX faces an investigation by the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) into its mismanagement of customer funds and the firm’s relat...
FTX US employees attempt to sell assets in CEO’s absence: Bloomberg
Employees working for the U.S. arm of FTX’s cryptocurrency exchange business are trying to sell company assets, in some cases without CEO Sam Bankman-Fried’s “participation,” according to ...
SBF’s Wealth Suffers an Estimated 94% Drop After FTX Fiasco: Bloomberg
The past few days saw extreme turbulence related to FTX, Alameda, and Binance. In the wake of it, ending with Binance’s statement of intent to take over FTX’s business, the CEO of both companies has b...
FTX tells investors bankruptcy is likely without fresh cash: Bloomberg
FTX founder and CEO Sam Bankman-Fried told investors that the crypto exchange would need to file for bankruptcy without a cash injection, Bloomberg News reported, citing a person with direct knowledge...
US Regulators Probing FTX Handling of Customer Funds: Bloomberg
The inquiries by the Securities and Exchange Commission and Commodity Futures Trading Commission date back several months and started as a probe into the crypto lending activities of FTX’s U.S. ...
U.S. regulators investigating FTX’s handling of customers funds, relationship with FTX.US: Bloomberg
Officials at the Commodity Futures Trading Commission and the Securities and Exchange Commission are investigating crypto exchange FTX, according to a Bloomberg report. The inquiry is focused on...
Biden blasts Elon Musk’s Twitter as platform that ‘spews lies’: Bloomberg
U.S. President Joe Biden referred to Twitter as “an outfit that sends and spews lies all across the world.” His remarks were made during a fundraiser in Chicago on Friday, Bloomberg ...
Amber Group reduces valuation, seeks additional $100 million: Bloomberg
Tumultuous market conditions caused crypto trading platform Amber Group to reduce its valuation as the company pursues a new funding round. Amber Group now seeks $100 million at the same $3 bill...
The Block: IRS building ‘hundreds’ of crypto cases, ramping up hiring: Bloomberg Tax
The United States Internal Revenue Service is developing “hundreds” of soon-to-be-public cases involving crypto, according to a Bloomberg Tax report citing division chief Jim Lee. Th...
Bloomberg Strategist Says Laws of Supply and Demand To Boost Bitcoin (BTC) and Ethereum (ETH) Prices
Bloomberg Intelligence’s senior commodity strategist Mike McGlone is bullish on the top two largest cryptocurrencies by market cap. McGlone says in a new interview that the declining supply of Bitcoin...
Tether Responds to Bloomberg Report, Calling New Story ‘Age-Old News’
Stablecoin issuer Tether has released a statement in response to reports that a new team is taking over a Justice Department probe of its top executives. In a recent report, Bloomberg said that federa...
Bloomberg Analyst Says Ethereum Revolutionizing Fintech, Predicts Rallies As ETH Supply Gets Squeezed
Bloomberg’s lead commodity strategist Mike McGlone is predicting rallies for Ethereum (ETH) as he says the leading smart contract platform is poised to change the landscape of financial technology. In...
Tether Fraud Investigation Gets New Leader: Bloomberg
US Attorney Damian Williams has led several crypto federal complaints New York has one of the most comprehensive crypto policies in the country The US Department of Justice has tapped a new head for i...
Elon Musk Could Bring More Crypto Use Cases into Twitter: Bloomberg
Elon Musk became Twitter’s owner late Thursday after his $44 billion deal to take over the firm officially closed, marking a new era for one of the most influential social media platforms in the world...
Ethereum Is in Bull Market and New Highs Will Follow, Says Bloomberg Senior Strategist
Gamza Khanzadaev Ethereum’s new foundation and perspectives to flip Bitcoin, in opinion of Mike McGlone According to Mike McGlone, lead strategist at Bloomberg Intelligence, the successful trans...
Blockchain.com May Raise Money at Significant Discount to Previous Valuation: Bloomberg
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the futur...
Bloomberg Analyst Says Ethereum (ETH) Can Outshine Bitcoin (BTC) and Stocks As ‘1929’-Style Conditions Intensify
A senior Bloomberg analyst says that with global markets in turmoil, Ethereum (ETH) could perform better than Bitcoin (BTC) and the stock market. Bloomberg commodity strategist Mike McGlone tells his ...
Bloomberg Beta Leads $6.2M Funding for DAO Framework Origami
Origami aims to ease that transition with technological framework and guidance for DAOs, The project has row raised $6.2 million in a funding round led by Bloomberg Beta, the early-stage venture firm ...
Matt Levine on Bloomberg: article on crypto
Matt Levine, a popular financial columnist, wrote a 40,000-word article on crypto. The “piece” was the only one published in Bloomberg Businessweek this week. Matt Levine and crypto in 40,000 words i...
Bitcoin ($BTC) Is Trading at ‘Extreme Discounts’, Says Bloomberg Analyst
Bitcoin ($BTC) and U.S. Treasury bonds have plunged to “severe discounts,” according to Bloomberg commodity strategist Mike McGlone, given the Federal Reserve’s aggressive efforts to contain inflatio...
Bitcoin Could Be Entering an ‘Unstoppable Maturation Stage’, Says Bloomberg Strategist Mike McGlone – Here’s Why
A senior Bloomberg analyst says that Bitcoin (BTC) is showing signs of entering a bullish maturation stage despite recent stumbles. Bloomberg commodity strategist Mike McGlone tells his 53,700 Twitter...
Bloomberg economists now see a 100% chance of a recession within 1 year — here are 3 simple ways to prep for this ‘guaranteed’ decline
There’s now a 100% chance of a recession hitting the U.S. economy in a year, according to the latest forecast from Bloomberg. Bloomberg economists Anna Wong and Eliza Winger had previously predicted a...