Bloomberg Financial News

20.09 / 09:01

Ethereum Bloomberg Federal Reserve Bitcoin analyst ‘FED sledgehammer’ will further batter BTC, ETH prices, says Bloomberg analyst

The U.S. Federal Reserve’s inflation “sledgehammer” is about to batter the prices of Bitcoin (BTC) and Ether (ETH) down even further, before reaching back to new all-time highs in 2025, according to Bloomberg analyst Mike McGlone.

15.08 / 19:07

business Funding Venture Capital Bloomberg acquires Crypto-focused venture firm Dragonfly acquires hedge fund: Bloomberg

Cryptocurrency venture firm Dragonfly has acquired a digital asset-focused investment fund for an undisclosed amount — a move that managing partner Haseeb Qureshi said mirrors the broad consolidation trend underway in the industry.

04.08 / 08:53

Bloomberg Gold bonds Bitcoin Bitcoin may behave more like US Treasury bonds: Bloomberg Intelligence

The latest crypto market research from Bloomberg Intelligence suggests that Bitcoin may start to behave more like United States (U.S.) Treasury bonds and gold, rather than stocks.

28.07 / 08:13

coinbase Bloomberg Coinbase faces SEC probe on crypto listings

U.S. Securities and Exchange Commission (SEC) is investigating whether Coinbase Global Inc improperly let Americans trade digital assets that should have been registered as securities, Bloomberg News reported on Monday. A Coinbase spokesperson told Reuters the company does not list securities on its platform, while the regulator declined to comment on the report. The company's legal head Paul Grewal said Coinbase will engage with the SEC on the matter. «We are confident that our rigorous diligence process — a process the SEC has already reviewed — keeps securities off our platform,» Grewal said.

26.07 / 08:27

business Binance Bloomberg Binance CEO sues Bloomberg subsidiary alleging defamation

Binance chief executive Changpeng Zhao is suing Bloomberg Businessweek in Hong Kong, accusing the outlet of defamation.

07.07 / 09:29

Bloomberg Price Analysis Bitcoin Bitcoin Price recovery analyst Bloomberg analyst tips bullish BTC recovery in next six months

Bloomberg’s senior commodity strategist Mike McGlone is tipping that the price of Bitcoin (BTC) will rebound in the second half (2H) of 2022.

01.07 / 07:25

cryptocurrency Bloomberg London Bitcoin Drop Bitcoin poised for biggest quarterly drop in more than a decade

Bitcoin is on track for its worst quarter in more than a decade, as more hawkish central banks and a string of high-profile crypto blowups hammer sentiment. The 56% drawdown in the biggest cryptocurrency is the largest since the third quarter of 2011, when Bitcoin was still in its infancy, data compiled by Bloomberg show. The decade in between those hallmarks saw several booms and busts, with cryptocurrencies’ market value swelling as they gained more widespread adoption and ultra-low interest rates spurred risk taking. But the current bear market stands out for the amount of crypto leverage that’s been unwound — and for the regulatory scrutiny being heaped on an asset class many central banks now consider a threat to financial stability.

10.06 / 06:29

Adoption Altcoin data Bloomberg Bloomberg Terminal supersizes its crypto coverage: 40 more coins

Financial and technical information platform Bloomberg has vastly expanded its coverage of crypto markets after a decision to include data on the top 50 crypto assets to the Bloomberg Terminal.

06.05 / 14:45

business NASDAQ Bloomberg Bitcoin analysts Rocky Bitcoin's rocky road to becoming a risk-off asset: analysts investigate

May 5th was a bloodbath for traditional and cryptocurrency markets. On the worst day of trading since 2020, Bitcoin (BTC) dropped over 7% while the NASDAQ slipped over 5%.

06.04 / 15:01

cryptocurrency Bloomberg Opinion A Royal Mint NFT is a silly bit of political marketing

You probably know someone with a commemorative coin or two, on display among porcelain ornaments and family photos — a 1925 Stone Mountain Memorial silver half-dollar (worth $100), perhaps, or a silver 5-pound coin for Her Majesty the Queen’s 95th birthday.

01.04 / 14:19

Blockchain cryptocurrency Bloomberg Hacking Expensive crypto hacks are becoming part of web3 life

A popular blockchain game called Axie Infinity has suffered what could well be the biggest security breach in the history of decentralised finance.

08.03 / 16:17

Ethereum NASDAQ Cardano Bloomberg analyst Ethereum's TVL dominance drops to 55% as Bloomberg analyst paints $1.7K bearish target

Another big drop in the U.S. stock market could leave Ethereum's native token Ether (ETH) in a similar downside spell, according to the latest Bloomberg report on digital assets.

24.02 / 19:59

Ethereum Art Bloomberg Bitcoin Sotheby's Cancels CryptoPunks Auction, Canada Ends Use of Emergencies Act + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

08.02 / 15:49

Adoption ETF Bloomberg QR Assets launches DeFi ETF on Brazilian Stock Exchange

Brazilian crypto asset manager QR Assets has launched a decentralized finance exchange-traded funds, or DeFi ETF, on the Brazilian Stock Exchange.

14.01 / 20:01

Adoption Bloomberg World Bank moody’s Bukele’s Bitcoin trade raises El Salvador’s sovereign credit risk: Moody’s

El Salvador’s historic embrace of Bitcoin (BTC) could have negative consequences on the country’s sovereign credit outlook, according to Moody’s Investors Service.

10.01 / 12:25

Blockchain Binance Bloomberg Bitcoin Binance CEO CZ richest crypto billionaire at $96B: Bloomberg

Changpeng Zhao, the CEO of Binance, tops the list of richest crypto billionaires with an estimated net worth of $96 billion.

07.01 / 18:17

Ethereum Adoption Bloomberg Bitcoin Bitcoin and Ether heading $100K and $5K in 2022: Bloomberg Intelligence

Despite cryptocurrency markets dropping to multi-month lows, major cryptocurrencies like Bitcoin (BTC) and Ether (ETH) are likely to hit new all-time highs in 2022, according to a Bloomberg analyst.

06.01 / 21:05

Bloomberg Federal Reserve Bitcoin analyst Bitcoin could outperform stocks in 2022 amid Fed tightening — Bloomberg analyst

The Federal Reserve’s signaling for tighter monetary policy in 2022 could provide short-term headwinds for risk assets such as stocks and cryptocurrency, but there’s a good chance that Bitcoin (BTC) still comes out on top as investors recognize its value as a digital reserve asset, according to Bloomberg commodity strategist Mike McGlone.

06.01 / 16:31

markets Ethereum Bloomberg Interest rates Ethereum plunges 13%, down more than Bitcoin after Fed spooks crypto markets

Ethereum’s native token, Ether (ETH), plunged sharply hours after the United States Federal Reserve released the minutes of its December meeting, showing that it eyes a faster timetable for hiking interest rates in 2022.

03.11 / 19:31

Adoption Investments Bloomberg Bitcoin Money managers with zero crypto exposure risk being left behind — Bloomberg strategist

The career risk surrounding cryptocurrency is shifting to money managers who don’t have exposure to digital assets as opposed to those who are already invested, highlighting a dramatic shift in institutional acceptance of Bitcoin (BTC) and decentralized finance, according to Bloomberg’s senior commodity strategist Mike McGlone.

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