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Bloomberg: Hong Kong's New Crypto Rules Pave Uncertain Path to Digital Asset Hub
2.6.2023
Hong Kong's financial regulator finally implemented its new regulatory framework for crypto on the first of June.
Under the new rulebook, the city-state will allow retail investors in the city to trade specific “large-cap tokens” on licensed exchanges, given that safeguards such as knowledge...
Binance in Talks To Let Traders Keep Collateral at a Bank: Bloomberg
30.5.2023
Binance, the world’s largest crypto exchange, is in the midst of discussing a proposal to let some of its institutional clients keep their trading collateral at a bank, instead of with the crypto platform, according to Bloomberg News. ...
Read More: Binance in Talks To Let Traders Keep Collateral...
How A Wild Video Game Rumor Races Around The Internet Before Getting Shut Down
30.5.2023
It’s almost summer and gamers are starting to lose it. In the midst of a renewed console race frenzy and video game industry consolidation, fan speculation about future game releases and company deals is at an all time high. It’s an exciting time for new announcements as we head into not-E3...
DCG’s Subsidiary TradeBlock Is Shutting Its Doors: Bloomberg News
26.5.2023
TradeBlock, an institutional investor focused subsidiary of Barry Silbert’s crypto conglomerate Digital Currency Group, is closing down, according to Bloomberg News.
“Due to the state of the broader economy and prolonged crypto winter, along with the challenging regulatory environment for digital...
Terraform Labs’ Do Kwon’s Bail Revoked in Montenegro Court: Bloomberg
24.5.2023
A court in Montenegro has repealed a lower court’s decision under which to release Terraform Labs co-founder Do Kwon on bail, according to Bloomberg News.
A court spokesperson said a high court in Montenegro’s capital overturned the earlier decision and Kwon remains in jail, Bloomberg reported. ...
Montenegro High Court Says No Bail for Terra's Do Kwon in Fake Passport Case: Bloomberg
24.5.2023
Prosecution appealed a previous decision by a lower court in the country to let the disgraced founder go free while he faced trial
AI-generated image of Pentagon explosion causes stock market stutter
23.5.2023
The fake image was shared by a verified Twitter account masquerading as Bloomberg and went viral after being amplified by real media outlets
Digital Asset Firm HashKey Group Looks to Raise up to $200M at $1B Valuation: Bloomberg
19.5.2023
The firm is looking to capitalize on Hong Kong's re-emergence as a potential crypto hub as the city has looked to formulate a clear regulatory structure for digital assets
Report: Well Known Crypto Firms Still Not Adhering to Basic Governance Standards
18.5.2023
Many of the most well-known crypto firms are not adhering to basic governance standards, the findings of a Bloomberg survey have shown. Only 31 out of the 60 polled firms “currently procure a full financial audit or reserve attestations from an independent auditor.” Industry...
Citadel Securities Suing Two Former Employees After They Left To Form a Crypto Firm
17.5.2023
Citadel Securities is suing two former employees after they left to form a cryptocurrency market-making firm.
One of the world’s largest market makers claims that Leonard Lancia and Alex Casimo started raising capital and building the trading firm Portofino Technologies, while still working...
Bloomberg Analyst: Crypto Faced Its Own Set of Bank Runs Alongside the Wider Economy
16.5.2023
Despite being a disruptive force which pits itself in opposition to traditional finance, crypto has also witnessed its own series of bank runs, and some observers believe future runs of what some call 'crypto shadow banks' could become more destructive, according to Matt Levine, an opinion...
Market Makers Jane Street, Jump Retreating From U.S. Crypto Trading: Bloomberg
9.5.2023
The move comes as U.S. regulatory scrutiny of the crypto industry has intensified, Bloomberg reported
U.S. Justice Department Investigating Binance For Russia-Related Sanctions Violations: Bloomberg
6.5.2023
The United States Justice Department's national security division is conducting an inquiry into whether Binance allowed the violation of U.S. sanctions related to Russia's invasion of Ukraine on its platform, according to a Bloomberg report
US DOJ Investigating Binance’s Involvement With Possible Russian Sanctions Violations: Bloomberg
5.5.2023
The US Justice Department is investigating whether Binance Holdings Ltd. was illegally used to let Russians skirt US sanctions and move money through the cryptocurrency exchange, according to a report from Bloomberg News.
The Justice Department’s national security division is looking into whether...
3% Tax on Crypto Transfers Part of Kenya's Proposed Budget: Bloomberg
5.5.2023
Kenya's Finance Ministry, the National Treasury, has proposed a 3% tax on the transfer of digital assets for the coming budget year
New Report: SEC Crackdown Might Benefit Crypto Sector in the Long Run – Here's Why
3.5.2023
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.
The reason why the Bloomberg editors see benefits in the crackdown is that it represents an opportunity for crypto to gain...
Bitcoin Price Prediction as Bloomberg Analyst Says BTC Could Hit $100,000 if History is Right – Time to Buy?
2.5.2023
As the crypto market continues to evolve, many are looking for reliable Bitcoin price predictions to help guide their investment decisions. A recent statement by a Bloomberg analyst suggests that BTC could reach $100,000 if historical trends hold true.
This raises the question – is now the right...
Nigeria's SEC Mulls Allowing Tokenized Equity, Property But Not Crypto: Bloomberg
1.5.2023
The regulator is considering applications for digital asset exchanges on a trial basis
Terra Co-Founder Daniel Shin Indicted in South Korea: Bloomberg
25.4.2023
Shin was indicted with nine others as prosecutors froze $185 million in assets
Bloomberg Analysts: Bitcoin 'Halving' Can Send BTC Past $50,000 – Here's Why
24.4.2023
Bitcoin (BTC) could rally past $50,000 over the next year as the effect of the next halving kicks in, according to a Bloomberg Intelligence report.
Judging from the findings in the report, the rally seen in the Bitcoin market since the beginning of the year could be just the start of a larger bull...