Bloomberg’s lead commodities strategist says that the second half of this year could be Bitcoin’s (BTC) time to shine, after nearly eight months of bearish price movement. Analyst Mike McGlone tells h...
Tag: Bloomberg
FTX exploring a deal to buy Robinhood: Bloomberg report
The cryptocurrency exchange FTX is reportedly considering a deal to acquire digital trading platform Robinhood (HOOD), Bloomberg reported Monday, citing unnamed people familiar with the deal. Robinhoo...
Bloomberg Report Reveals That Miners Are Underwater With Almost $4 Billion In Bitcoin Miner Loans
On Friday, Bloomberg reported that Miners are struggling to repay around $4 billion in loans that are backed by their equipment. The crypto market recently went through one of its rough patches in Ma...
Almost $4 billion in Bitcoin miner loans coming under stress, Bloomberg says
Bitcoin’s decline is making it more difficult for some miners to repay as much as $4 billion in loans that are backed by their equipment, Bloomberg reported on Friday. Analysts say an increasing numbe...
Bloomberg Analyst Says Bitcoin and Gold Could Benefit From Potential Incoming Deflationary Phase
Bloomberg’s senior commodity strategist Mike McGlone says a new deflationary period may be arriving to the financial landscape, from which Bitcoin (BTC) and gold could benefit. The analyst tells his 4...
Iran cuts electricity to licensed crypto miners: Bloomberg
Iran will cut electric power to all its 118 legal crypto mining centers this month as the country faces increased energy demand. According to a Bloomberg report, electricity to all 118 legal crypto mi...
Israel working with Hong Kong to test digital currency risk, Bloomberg says
The Bank of Israel is working with the Hong Kong Monetary Authority on testing a new digital currency against cyber security risks, the Bank of Israel told Bloomberg in a statement. The joint project...
Top Bloomberg Analyst Says $20,000 Bitcoin May Be the New $5,000 – Here’s Why
Bloomberg’s closely followed commodities analyst Mike McGlone says that the $20,000 range for Bitcoin may act as the new price floor, similar to $5,000 in years past. The analyst says that the flagshi...
Bloomberg vs Axie Infinity: Why was AXS Slammed?
According to the latest expose by Bloomberg, the most popular play-to-earn (P2E) game, Axie Infinity, is now on the decline. The comments come from Bloomberg’s Joshua Brustein describing the ebb and t...
Could have made more money working at McDonald’s: Bloomberg Crypto criticized Axie Infinity’s directors
Mr. Brustein spoke with one of the players who bought into their idea of play-to-earn and lost five figures. The narrative of Alejo Lopez de Armentia, an Argentinian emigrant who began playing Axie In...
EU said to be nearing agreement on crypto regulation, Bloomberg reports
The European Union is closing in on an agreement to regulate the cryptocurrency sector that would establish common rules across the 27 member countries, people familiar revealed, according to a Bloomb...
European Union Close in Agreeing on Crypto Regulations – Bloomberg
As the clamor for crypto regulations has continued to intensify, the European Union (EU) is close to agreeing on a comprehensive regulation that will govern the nascent digital currency ecosystem. T...
Axie Infinity (AXS) Economics Slammed by Bloomberg Crypto, Here’s Why
Vladislav Sopov Bloomberg’s Joshua Brustein tells captivating story about rise and fall of first-ever play-to-earn unicorn Axie Infinity (AXS) Contents Full-time job instead of “real games...
SHIB Data Now Covered by Bloomberg: Details
Yuri Molchan Shiba Inu is now covered by Bloomberg Terminal data, along with other top 50 digital currencies Disclaimer: The opinion expressed here is not investment advice – it is provided for inform...
Bloomberg Adds Shiba Inu and 39 Other Cryptocurrencies to Its Daily Crypto Data Coverage
– Advertisement – Bloomberg will now provide market coverage for the top 50 cryptocurrencies. Popular software and media company Bloomberg has announced that it has expanded its cryptocurr...
SEC is investigating Binance’s BNB token: Bloomberg
advertisement The Securities and Exchange Commission (SEC) is reportedly investigating whether Binance’s BNB token was a security at the time of its sale in 2017. Bloomberg reported Monday that ...
Union claims Starbucks illegally closing cafe to retaliate, Bloomberg reports
A pro-union poster is seen on a lamp pole outside Starbucks’ Broadway and Denny location in Seattle’s Seattle’s Capitol Hill neighborhood on March 22, 2022. Toby Scott | Sopa Images ...
White House office report on crypto mining expected in August: Bloomberg
Following President Biden’s crypto executive order in March, the White House Office of Science and Technology Policy (OSTP) is aiming to put out a report on cryptocurrency mining and its environ...
Tech and Crypto in Peril as Fed Ends Liquidity Binge: Bloomberg Markets Survey
(Bloomberg) — The speculative darlings of the easy-money era — technology stocks and cryptocurrencies — are acutely vulnerable now that the Federal Reserve is shrinking its nearly $9...
Despite Interest Rate Hike, Bitcoin is at an Inflection Point – Bloomberg Strategist
As Bitcoin continues ranging between the $29K and $30K zone, the leading cryptocurrency’s inflection point is now pegged at $30,000, according to Mike McGlone, the senior commodity strategist at Bloom...
Crypto exchange Rain Financial dismisses dozens of employees amid downturn, Bloomberg says
Rain Financial, a crypto exchange based in Bahrain, has cut dozens of employees amid a downturn in digital assets, people with direct knowledge of the matter told Bloomberg. “As cryptocurrencies and ...
Bloomberg strategist says Bitcoin will hit $100K by 2025
? Want to work with us? CryptoSlate is hiring for a handful of positions! Bloomberg’s Senior Commodity Strategist Mike McGlone was recently a guest at Kitco News. He analyzed the current market and ar...
Bloomberg Analyst Predicts Huge Reversal in Gold, Bonds and Bitcoin as One Crypto ‘Revolutionizes’ Fintech
Bloomberg’s veteran commodity analyst Mike McGlone is predicting an economic cataclysm that sees gold, US bonds and Bitcoin (BTC) rise from the ashes much stronger than before. In a new interview with...
Japan passes stablecoin bill ensuring redemption at face value, Bloomberg says
Japan’s parliament introduced a legal framework for stablecoins guaranteeing that they are linked to the yen or another fiat currency and that holders have the right to redeem them at face value, Bloo...
Bitcoin Is at Inflection Point, Says Bloomberg Analyst Mike McGlone
Alex Dovbnya Bloomberg’s Mike McGlone has named the biggest headwind for Bitcoin in 2022 In a recent tweet, Mike McGlone, senior commodity strategist for Bloomberg Intelligence, has opined that ...
Ethereum’s merge could help save DeFi TVL, Bloomberg reports
? Want to work with us? CryptoSlate is hiring for a handful of positions! DeFi investors are hoping that Ethereum’s Merge will pull the crypto market out of its current bear market, according to a Blo...
Intuit chief says cryptocurrency traders had difficult tax season: Bloomberg
Intuit Chief Executive Officer Sasan Goodarzi said his prediction that crypto investors would encounter surprise obligations this tax season proved to be true, Bloomberg reported. Many crypto investor...
FTX CEO Says Company Set to Spend Billions on Acquisitions: Bloomberg
Sam Bankman-Fried said his company is awash with excess liquidity and drawing on this, FTX Derivatives exchange is set to make a number of strategic acquisitions moving forward. As contained in an int...