Bloomberg Financial News

29.05 / 02:33

regulation Investments Report Bloomberg FTX compensation Temasek slashes compensation for execs responsible for its $275M FTX investment

Singapore investment firm Temasek Holdings has reduced compensation for the execs responsible for the firm’s investment into the now-defunct crypto exchange FTX.

17.05 / 20:45

Bloomberg Citadel Citadel Securities Suing Two Former Employees After They Left To Form a Crypto Firm

Citadel Securities is suing two former employees after they left to form a cryptocurrency market-making firm.

12.05 / 07:03

regulation Bloomberg Federal Reserve ‘It’s going to get worse for banks’ — JPMorgan CEO on overregulation

The CEO of JPMorgan Chase — which recently took over failed First Republic Bank — believes there could be more pain ahead for United States banks if the Federal Reserve goes into crisis mode with overregulation.

09.05 / 10:01

markets NASDAQ Bloomberg Bitcoin Bitcoin Price Warning Warren Buffett dumps $13.3B in stocks — A warning sign for Bitcoin and risk-assets?

Warren Buffett moving into cash suggests that he's bracing for a possible collapse in risk-on asset prices. With Bitcoin (BTC) up 70% year-to-date and correlated with equities, should BTC investors also prepare for a potential stock market crash?

04.05 / 06:41

business Law Bloomberg Court Media Financial Times The New York Times Mainstream media renew push for non-US FTX user identities

Four media outlets in the United States have continued efforts to get the identities of non-U.S. FTX customers revealed, filing new objections to a previous motion to seal their identities.

03.05 / 19:53

regulation SEC Bloomberg crypto sector New Report: SEC Crackdown Might Benefit Crypto Sector in the Long Run – Here's Why

The ongoing crackdown on crypto companies by the US Securities and Exchange Commission (SEC) could benefit crypto in the long run, according to an editorial by Bloomberg.

30.04 / 06:23

regulation Bloomberg Federal Reserve banking Silvergate NOT First Republic’s crisis is not an isolated incident - suggests JPMorgan exec

An exec at JPMorgan Asset Management is unsure how United States regional banks are “going to operate” when the Federal Deposit Insurance Corporation (FDIC) and Federal Home Loan Bank (FHLB) emergency lending programs expire – warning that the possible collapse of First Republic Bank may cause a domino effect.

23.04 / 06:19

coinbase Report Bloomberg white house Meta Platforms Meta Ceo Bitcoin Biden's comms director barred from former crypto clients: Report

United States President Joe Biden will reportedly ban his communications director from handling matters related to any crypto or technology firms he has previously worked with, while allowing him to advise on crypto regulation.

06.04 / 05:59

business regulation Bloomberg Court Financial Times The New York Times Names of non-US FTX users demanded by mainstream media outlets

Some mainstream media outlets have objected to attempts to withhold the identities of non-United States customers of cryptocurrency exchange FTX during its bankruptcy proceedings.

04.04 / 03:47

Blockchain SEC Bloomberg Bitcoin Regulation Bitcoin Bitcoin Price analyst regulatory Bitcoin ‘untouchable’ amid regulatory pressures, says analyst

Bitcoin (BTC) is "untouchable" despite ongoing regulatory pressures in the crypto sector and those who don't have some crypto exposure are "seriously silly" according to Bloomberg's senior commodity strategist Mike McGlone.

03.04 / 09:57

business Bloomberg ChatGPT Financial Bloomberg reveals AI for financial data, community responds

Financial media outlet Bloomberg revealed a new artificial intelligence (AI) model intending to open new ways to use the data available within the company’s terminal. Many responded to the latest development, with some saying that this sparks “the next wave” of corporate AI.

26.03 / 02:29

regulation Liquidity Bloomberg Federal Reserve US contemplates 'expanding' emergency lending facility for banks: Report

United States authorities are reportedly deliberating on extending an emergency credit line for banks, “in ways” which may provide First Republic Bank with a time buffer to address its balance sheet concerns, according to people with knowledge of the situation.

19.03 / 02:49

regulation Bloomberg Insurance banking Silvergate US midsize banks seek FDIC Insurance on 'all deposits' for 2 years: Report

The Mid-Size Bank Coalition of America (MBCA) has reportedly asked United States federal regulators to extend insurance on all deposits for the next two years.

15.03 / 07:29

regulation SEC Bloomberg banking Signature Bank Signature Bank investigated for money laundering prior to demise: Report

The cryptocurrency-friendly Signature Bank was reportedly being investigated by two United States government bodies prior to its collapse.

10.03 / 12:55

markets cryptocurrency Bloomberg Opinion inflation Time Crypto bros turn back time on their Rolexes, Patek Philippes

Inflation? What inflation? It’s gotten so much cheaper to get your hands on a Rolex.

10.03 / 11:51

cryptocurrency Stablecoin Digital Currency NFT Bloomberg Opinion Token Move over Stablecoin. A new Token is coming

The world of digital cash is divided into two camps. The traditionalists want a public authority to remain in charge of providing a safe medium of exchange for people to settle claims against one another. Or else, they say, private money could become as unreliable as in the pre-US-Civil-War era of wildcat banking, when notes issued by a lender in Tennessee would be discounted by 20% in Philadelphia.

08.03 / 03:45

business Banks Bloomberg Silvergate reportedly talks with FDIC on ways to avoid shutdown

United States banking regulators have reportedly been sent to Silvergate's headquarters in La Jolla, California — looking for ways to save the crypto-friendly bank from a possible shutdown.

05.03 / 09:09

Adoption Ripple XRP regulation SEC Bloomberg The crypto industry has 'already started' moving outside of the US, says Ripple CEO

The United States Securities and Exchange Commission (SEC) regulation through “enforcement,” as opposed to “doing the work,” is not a “healthy way” to regulate an industry, and may result in the U.S being a less attractive place for crypto innovation, suggests Ripple’s CEO.

01.03 / 13:01

cryptocurrency Bloomberg Opinion Bank Cash Sweden is ditching cash. Just wait for the fallout

Bjorn Ulvaeus, one-quarter of Swedish pop group ABBA, became a standard-bearer for a world without cash after his son got burgled. Ditching coins and banknotes would hurt criminals and tax-dodgers while helping businesses and government budgets, he reckoned. “Sweden would be the ideal country to make cashless,” he told Bloomberg in 2014. “I think that should be the future.”

22.02 / 10:19

Stablecoin Adoption SEC Bloomberg Congress Us Crypto Regulation US crypto regulation happening ‘behind closed doors’ – Blockchain Association CEO

The United States Congress needs to take control of crypto legislation to make it a more “open process” where the entire marketplace is looked over “comprehensively,” suggests the chief of the prominent U.S. crypto industry body.

15.02 / 14:05

cryptocurrency Banks Bloomberg Opinion The creeping menace of central banks' crypto dreams

Should the state be in the payments business? It's a simple question but that is in essence what a central bank digital currency would amount to. A digital pound, dollar, euro or renminbi is not some token with illusory investment upside that is implied by monikers such as "Britcoin.” CBDCs are more akin to stolid stablecoins rather than currencies. Unfortunately, their potential to erode free enterprise is all too real. Controlling how, what and when money is transferred is not a place government bodies should be competing, with a massive advantage, against the rest of the monetary system.

Bloomberg Financial News

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