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Commodity Strategist Warns US Economy Heading Toward ‘Severe Deflationary Recession’
21.4.2023
Bloomberg Intelligence’s senior commodity strategist, Mike McGlone, has warned that the U.S. economy is “heading towards a severe deflationary recession,” emphasizing that the Federal Reserve is still tightening. “Typically, when you have commodities collapsing at this velocity...
Terraform Labs Co-Founder Do Kwon Faces Montenegro Indictment: Bloomberg
20.4.2023
Prosecutors have sought to extend the detention period for Kwon along with his chief financial officer Han Chang-joon
Crypto Lender Amber Group Weighs Selling Japan Unit: Bloomberg
17.4.2023
Managing partner Annabelle Huang said that despite Japan being a "high quality market ... regulations are strict."
Winklevoss Twins Lent Their Crypto Platform Gemini $100M: Bloomberg
10.4.2023
The brothers had tried to get outside investment, Bloomberg said
Economists Expect the Fed to Reveal Another 25bps Rate Hike Before Pausing for the Rest of 2023
10.4.2023
After the March rate hike by the Federal Reserve, economists believe that the recent move by Saudi Arabia and several members of the Organization of the Petroleum Exporting Countries (OPEC) to cut oil production could complicate the central bank’s mission. Additionally, the majority of...
US Bank Lending Drops by Record $105 Billion in Two Weeks, Trillions Moving to Money Market Accounts, Elon Musk Warns ‘Trend Will Accelerate’
9.4.2023
The banking industry in the United States is still struggling after the collapse of three major banks. According to statistics, bank lending in the U.S. has dropped by close to $105 billion in the last two weeks of March, which is the largest decline on record. Additionally, Elon Musk, a Tesla...
Historical Bitcoin price fractal hints at rally toward $50K
7.4.2023
Bitcoin price in 2023 mirrors a 2015 fractal that saw BTC price doubling from $350 to $700 in seven months
Bitcoin 'faces headwinds' as US money supply drops most since 1950s
6.4.2023
Research from Bloomberg Intelligence argues that liquidity conditions still do not favor a continuation of the Bitcoin rally
Singapore Working With Banks to Provide Guidance on Crypto Businesses: Bloomberg
6.4.2023
Singapore's central bank and police authorities have been helping banks to set uniform standards for fine-tuning their vetting approach when opening crypto accounts
Tether Gained Access to U.S. Financial System Using Signature Bank: Bloomberg
4.4.2023
Tether CTO Paolo Ardoino, in response to the article, said the company has no exposure to Signature Bank
Bitcoin ‘untouchable’ amid regulatory pressures, says analyst
4.4.2023
Bitcoin is "untouchable,” because it's more decentralized than other cryptocurrencies in the space such as Ether according to senior commodity strategist Mike McGlone
Bloomberg reveals AI for financial data, community responds
3.4.2023
A community member believes that if Bloomberg’s new AI works, it could potentially replace financial analysts
Crypto Hardware Wallet Maker Ledger Raises Most of $109M Round: Bloomberg
30.3.2023
The startup will have a second close in the coming weeks for the round at a $1.4 billion valuation
Hong Kong crypto firms seeing interest from Chinese banks: Report
27.3.2023
Several Chinese banks have been seeking to offer services to crypto firms in Hong Kong, despite a ban on crypto on the Chinese mainland
First Citizens Nearing Deal for Silicon Valley Bank: Bloomberg
27.3.2023
Raleigh, N.C.-based First Citizens is the 30th largest bank in the U.S., with $109 billion in assets, and recently completed an acquisition of New York-based commercial lender CIT
Treasury Secretary Yellen Holds Unscheduled Meeting With Top Financial Regulators Amid Turmoil in Banking Sector
24.3.2023
U.S. Treasury secretary Janet Yellen initiated an unscheduled Financial Stability Oversight Council (FSOC) meeting with the country’s top financial regulators on Friday amid issues plaguing the U.S. banking sector. Banking stocks and all four U.S. benchmark indexes fell again on Friday as...
Nasdaq Aiming to Debut Crypto Custody Service by Q2 End: Bloomberg
24.3.2023
Nasdaq announced its intentions last September as it looked to respond to the demand from institutional crypto investors
Zipmex Acquisition Stumbles as Buyer Misses Payment: Bloomberg
24.3.2023
The payment was due on March 23 and was required to fund working capital
Bitcoin Supercycle May Be Happening, Says Commodity Strategist Mike McGlone
23.3.2023
Bloomberg Intelligence senior commodity strategist Mike McGlone has explained that a supercycle may be happening in bitcoin, noting that the cryptocurrency is beating gold by almost 10 times so far this year. The strategist added that if past trends hold, bitcoin’s volatility is more likely...
Nigeria's eNaira Wallet Use, Transactions Climb Amid Cash Shortages: Bloomberg
22.3.2023
The number of eNaira wallets has jumped more than 12-fold to 13 million since October