Bloomberg Financial News

15.02 / 09:27

business regulation Investments Bloomberg FTX Court Bankruptcy Sequoia Capital, Paradigm among VCs facing "tricky" FTX investor lawsuit

Users of bankrupt crypto exchange FTX have reportedly taken aim at financiers who promoted the platform suggesting their efforts added an “air of legitimacy” to the now-defunct exchange, a case labeled as "tricky" by a crypto lawyer.

09.02 / 05:49

regulation SEC Kraken Bloomberg Court investigation Bitcoin Crypto exchange Kraken faces probe over possible securities violations: Report

Cryptocurrency exchange Kraken is reportedly being probed by the United States Securities and Exchange Commission (SEC) over whether it breached rules around the offering of securities.

27.01 / 01:09

business Stablecoin Bloomberg Financial Services moody’s Moody’s to build scoring system for stablecoins: Report

Credit rating firm Moody's is allegedly developing a scoring system for stablecoins, with analysis for up to 20 digital assets, Bloomberg reported on Jan. 26, citing unnamed sources.

26.01 / 08:21

Ethereum cryptocurrency Bloomberg Opinion FTX Bitcoin Crypto is worth fixing. Regulators should get moving

The once-burgeoning realm of crypto and decentralised finance keeps imploding, presenting policy makers with a quandary: Should they just let it burn, or step in to address its now-obvious flaws?

24.01 / 10:31

business Law Mining regulation Bloomberg Bankruptcy Bitcoin Backed Bitcoin Miner BlockFi to sell $160M in Bitcoin miner-backed loans: Report

Bankrupt crypto lending firm BlockFi has plans to sell off $160 million in loans backed by around 68,000 Bitcoin mining machines as part of bankruptcy proceedings, according to reports.

21.01 / 06:23

regulation Bloomberg FTX foreign play Crypto to play 'major role' in UAE trade: foreign trade Minister

Crypto will play a “major role” in the United Arab Emirates' global trade moving forward, says the UAE’s minister of state for foreign trade Thani Al-Zeyoudi.

17.01 / 07:35

business Bloomberg Bitcoin Bitcoin Price analyst 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 this time around.

13.01 / 15:47

business cryptocurrency Bloomberg Opinion When terminator robots police loan markets

Nine days after Avraham Eisenberg began to borrow curve cryptocurrency tokens on Aave, a decentralised lending platform for digital assets, he found his $38 million loan abruptly liquidated by terminator bots.

13.01 / 09:47

ETF Bloomberg Samsung Bitcoin Samsung investment arm considering spot-Bitcoin ETF in Hong Kong

Hot on the heels of its Bitcoin (BTC) futures exchange-traded fund (ETF) in Hong Kong, Samsung Asset Management has indicated it's considering the launch of a spot Bitcoin ETF on the city's exchange if policies allow for it.

13.01 / 05:37

business Bloomberg shares Crypto exchange WonderFi confirms merger talks with Coinsquare

Crypto exchange WonderFi, which is backed by crypto investor and billionaire Kevin O’Leary, has confirmed it is in preliminary discussions with fellow Canadian crypto exchange Coinsquare for a possible merger.

11.01 / 16:41

cryptocurrency Bloomberg Opinion Crypto's Hotel California traps the Winklevoss twins

You can get into crypto any time you like, but can you ever leave? A fierce $900 million Bitcoin feud between the billionaire Winklevoss twins and Barry Silbert suggests the virtual currency bubble’s main legacy is a version of Hotel California, with clients desperately hoping for fresh money to pick up the tab — or a change in management that will let them check out.

10.01 / 10:19

business Law Investments Bloomberg Fried FTX former lead engineer in talks with federal prosecutors in Bankman-Fried case

As the investigation into FTX continues, the crypto exchange’s former engineering chief Nishad Singh followed former FTX and Alameda Research executives Gary Wang and Caroline Ellison by reportedly meeting with federal prosecutors to cut a deal.

05.01 / 08:45

cryptocurrency Bloomberg Opinion FTX safe Will crypto ever be a safe investment?

In the annals of cryptocurrencies, 2022 will go down as the year when the industry nearly died. But then December saw the birth of a pair of exchange-traded funds in Hong Kong, offering new hope to both retail and professional investors.

04.01 / 07:27

cryptocurrency Bloomberg Opinion FTX Beware the dangers of crypto regulation

The collapse of FTX and the charges against Sam Bankman-Fried have brought many renewed calls for crypto regulation, from both commentators and legislators. That is precisely why this is a time for caution. No matter how strong the temptation, we should not overregulate.

23.12 / 10:29

cryptocurrency Bloomberg Opinion FTX Thanks to FTX, regulating crypto should be easy: The Editors

As the demise of the FTX crypto empire unfolds — on Twitter, in bankruptcy proceedings, in congressional hearings and potentially in criminal court — lawmakers and regulators are grappling with a question: What, if anything, should they do to civilise a market so rife with abuse?

06.12 / 16:07

Bloomberg Bukele El Salvador President Nayib Bukele Lashes Out at ‘Mainstream Media’ for Spreading Lies About the Country’s Bitcoin Investments

El Salvador President Nayib Bukele has slammed "the mainstream media" over their attacks on the country's move to adopt Bitcoin as a legal tender.

18.11 / 20:07

business Investments Bloomberg FTX Investment manager $138B investment manager Man Group to launch crypto hedge fund: Report

London-based investment manager Man Group Plc is preparing to launch a cryptocurrency hedge fund, signaling continued investor appetite for digital assets in the wake of FTX’s monumental collapse earlier this month.

09.11 / 08:55

business Bloomberg FTX index SBF tumbles off Bloomberg's billionaire index after trouble at FTX

Crypto billionaire Sam Bankman-Fried may not be able to claim the "billionaire" accolade anymore after an estimated 94% plummet in his personal wealth overnight, according to the Bloomberg Billionaires Index.

20.10 / 08:21

Bloomberg Bitcoin Bitcoin Price 2020 Bitcoin's discount to hash rate highest since early 2020 — Mike McGlone

Bloomberg Intelligence senior commodity strategist Mike McGlone says Bitcoin's (BTC's) relative discount to its high hash rate in October — the largest since the first quarter of 2020 — could soon see Bitcoin return to "its propensity to outperform most assets."

06.10 / 09:59

Adoption Bloomberg Gold Bitcoin analyst BTC to outperform ‘most major assets’ in H2 2022 — Bloomberg analyst

Senior commodity strategist at Bloomberg Intelligence, Mike McGlone, stated October has historically been the best month for Bitcoin (BTC) since 2014, averaging gains of about 20% for the month, and that commodities appearing to peak could imply that Bitcoin has reached its bottom.

21.09 / 04:25

Ethereum Investments Bloomberg Bitcoin TradFi analyst ‘Fear of the unknown’ holds back tradfi investors from crypto — Bloomberg analyst

Jamie Coutts, Crypto Market Analyst for Bloomberg Intelligence argues that “falsehoods” and “fear of the unknown” is what has been holding back traditional portfolio managers from investing in cryptocurrency.

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