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Ethereum Price Prediction as Bloomberg Analyst Expects ETH to Outperform BTC in the Next Bull Market – Time to Buy?
21.12.2022
The ethereum price has risen by 0.5% in the last 24 hours, slightly exceeding the wider cryptocurrency market's increase over the same period. At $1,215.91, its current price represents a 7.5% drop in a week and 6% gain in a month, with these movements coming at a time of ongoing instability...
Commodity Analyst Mike McGlone Suggests ‘Bitcoin Appears Poised to Resume Its Inclination to Outperform’
19.12.2022
Bloomberg Intelligence senior commodity analyst, Mike McGlone, believes a “warm spell” is coming in terms of bitcoin markets as the market strategist detailed on Monday that “bitcoin appears poised to resume its inclination to outperform.” McGlone’s comments...
Binance CEO Changpeng 'CZ' Zhao Warns Staff of Turbulent Times Ahead: Bloomberg
14.12.2022
"While we expect the next several months to be bumpy, we will get past this challenging period," CZ said while assuring the organization is built to last
Report: Alameda’s Caroline Ellison Retains SEC’s Former Enforcement Division Chief
12.12.2022
After more attention has been cast on the former Alameda Research CEO Caroline Ellison, a report details that Ellison has hired Wilmerhale partner Stephanie Avakian, an attorney that worked for the U.S. Securities and Exchange Commission (SEC). The news follows leaked documentation of Ellison’s...
New York Times, FT, Bloomberg Blasted for Attempting to Get FTX Creditors’ Names Unsealed
11.12.2022
Amid the ongoing FTX bankruptcy proceedings, court documents indicate that media firms such as Bloomberg, the New York Times (NYT), Dow Jones & Company, and the Financial Times (FT) want the redacted information tied to FTX creditors unsealed. The media companies believe the public should...
Crypto Lender Celsius' Bankruptcy Judge Orders It to Return $50M of Crypto to Custody Account Holders: Bloomberg
8.12.2022
Celsius filed a motion in September to return crypto to customers who held assets in such accounts
Crypto Infrastructure Firm Blockstream Seeks to Raise Funds at 70% Lower Valuation: Bloomberg
7.12.2022
The under $1 billion valuation is a far cry from the $3.2 billion valuation it had received in 2021
Hedge Fund Fir Tree Sues Grayscale for Details on GBTC: Bloomberg
6.12.2022
Fir Tree wants the Grayscale Bitcoin Trust to resume redemptions and cut fees
El Salvador President Nayib Bukele Lashes Out at ‘Mainstream Media’ for Spreading Lies About the Country’s Bitcoin Investments
6.12.2022
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.
The statement came in a response to a recent tweet by Bloomberg that claimed Bukele's move to promote Bitcoin as a "solution to the country’s economic...
Silvergate CEO calls out 'short sellers' spreading misinformation
6.12.2022
In the statement, Lane also took the opportunity to "set the record straight” about its investment relationship with FTX and the firm's “robust risk management approach.”
Galaxy Digital Agrees to Buy Some Assets From Bankrupt Crypto Lender Celsius
2.12.2022
GK8 was put on the block following Celsius's bankruptcy
Bitget Takes on World Cup 2022 with Messi to Inject Confidence in Social Trading
1.12.2022
The leading exchange expands the team globally as Messi leads Argentina to the round of 16. World Cup 2022 in Qatar is one of the most expensive World Cups in history, with an estimated cost of $US 220 Billion invested, more than 15 times spent. According to Bloomberg, crypto and blockchain...
LedgerX to Make $175M Available for FTX Bankruptcy Proceedings: Bloomberg
30.11.2022
FTX subsidiary LedgerX is preparing to put up $175 million toward its parent company's bankruptcy proceedings, Bloomberg reported Wednesday, citing people familiar with the matter
Binance Targets $1B Recovery Fund for Distressed Crypto Assets: Bloomberg
24.11.2022
The Binance fund will be open to contributions from other industry players
FTX Co-Founder Sam Bankman-Fried Faces US Extradition, Bankruptcy Court Says Top Execs Won’t Be Compensated
22.11.2022
According to a report citing three people familiar with the matter, the former FTX CEO Sam Bankman-Fried (SBF) may be extradited to the United States for questioning. After it was alleged that SBF transferred $10 billion in customer funds to Alameda Research, the company’s financials show between...
Binance CEO Seeking Funds From Middle East Investors for Crypto Recovery Fund: Bloomberg
22.11.2022
Binance plans to start a recovery fund to help projects with strong fundamentals, but suffering from a liquidity crisis
$138B investment manager Man Group to launch crypto hedge fund: Report
18.11.2022
Institutional investors still see a future for Bitcoin and cryptocurrencies despite the epic collapse of FTX and Alameda Research
Temasek Prepares to Write Off as Much as $300M Invested in FTX: Bloomberg
16.11.2022
Singapore's state investment fund Temasek is preparing to write off between $200 million and $300 million which it invested in bankrupt crypto exchange FTX, Bloomberg reported Wednesday
Digital Asset Manager Valkyrie Lays Off 30% of Staff: Bloomberg
14.11.2022
The provider of crypto exchange-traded funds has trimmed its 23-person workforce
FTX Withdraws US CFTC Derivatives Clearing Plan: Bloomberg
11.11.2022
Company previously submitted plan for approval that would allow customers to assess and respond to derivatives risks in real time