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Nalezeno "Bloomberg": 840

Crypto Analyst Predicts Stablecoin Adoption Boom Even in Face of Hostile Regulation

30.8.2023
Jamie Coutts, an analyst from Bloomberg Intelligence, has predicted that stablecoin adoption will grow significantly once the issue of hostile regulations in the U.S. is put aside, noting “adoption under the hood is exploding.” Coutts believes that stablecoin usage may overtake bitcoin...

Tether adds Bahamas-based private bank Britannia as partner: Report

30.8.2023
Tether’s reported new partnership with Britannia Bank makes it the third Bahamas-based bank to join forces with the stablecoin issuer

MoonPay Offers Binance.US a Solution to Crypto Payments Suspension: Bloomberg

23.8.2023
The U.S. exchange's customers now have the option of buying stablecoin USDT using their debit or credit cards, Apple Pay or Google Pay and then converting it into crypto tokens

Market Strategist Draws Parallels Between Bitcoin and 1930 Stock Market Crash

22.8.2023
Bloomberg Intelligence’s senior commodity strategist, Mike McGlone, has explained that bitcoin appears similar to the stock market in 1930. At that time, elevated equity prices led to the stock market losing almost 90%. The crash of 1929, also called the Great Crash, contributed to the Great...

Legendary Investor Jeremy Grantham Predicts Inevitable US Recession, Challenges Fed’s Forecast

20.8.2023
A significant portion of investors and financial organizations surmise that the U.S. could avert a recession, but Jeremy Grantham, the co-founder of investment firm Grantham Mayo Van Otterloo (GMO), deems it inescapable. Grantham contends that the Federal Reserve’s optimistic prognosis...

Report: SEC on Cusp of Approving Ethereum Futures Amidst Crypto Market Rollercoaster

18.8.2023
The U.S. Securities and Exchange Commission (SEC) is said to be on the verge of greenlighting futures products tied to ethereum (ETH), as per a Bloomberg report. One insider privy to the development indicated that a handful could secure approval come October. Unnamed Sources Reveal SEC May Soon...

Ether Futures ETFs Are Poised for U.S. Approval, Bloomberg Reports

18.8.2023
They would join bitcoin futures ETFs that are already approved

Bitgo Secures $100 Million in Series C, Firm’s Valuation Climbs to $1.75 Billion

16.8.2023
The digital asset trust firm Bitgo, headquartered in Palo Alto, California, has secured $100 million in a Series C funding round. While the company remains tight-lipped about the participants in this financial endeavor, this fresh infusion of capital catapults the firm’s post-valuation...

BitGo Raises $100M After Scrapping Prime Trust Deal: Bloomberg

16.8.2023
The raises comes nearly two months after BitGo ended its plan to buy beleaguered rival Prime Trust

Report: FTX Co-CEO Ryan Salame in Plea Deal Talks; Private Jet May Be Forfeited

9.8.2023
A Bloomberg article, citing “people familiar with the case,” reveals that FTX’s co-CEO Ryan Salame is allegedly in talks with prosecutors, and a plea agreement could be forthcoming. Insiders also emphasize that Salame’s privately owned aircraft may be surrendered as part...

Former FTX Exec Ryan Salame Talking to Prosecutors About Plea Deal: Bloomberg

8.8.2023
It was not known whether Salame would cooperate with prosecutors and testify against FTX co-founder and CEO Sam Bankman-Fried

Bitstamp Raising Funds for Asia, Europe Expansion: Bloomberg

8.8.2023
Bitstamp is one of the oldest crypto exchanges, founded in 2011

Bitcoin Faces Increased Risk Relative to Stocks: Commodity Strategist Mike McGlone Warns of Challenges

7.8.2023
Seasoned commodity strategist Mike McGlone says bitcoin is now riskier relative to stocks, while he further warned that economic downturn pressures may hold silver prices at bay. Bitcoin Volatility Low, Silver Faces Challenges: McGlone In a client communication dated August 2, 2023, the prominent...

Payments Giant Paypal Launches Dollar-Backed Stablecoin PYUSD

7.8.2023
Paypal has introduced its own stablecoin, representing the first venture of its kind by a leading financial firm. Initially reported by Bloomberg, the launch could notably accelerate the slow integration of cryptocurrencies for payment purposes. A New Era for Paypal: Introduction of PYUSD...

PayPal to Issue Dollar-Pegged Crypto Stablecoin Based on Ethereum

7.8.2023
The PayPal USD will be pegged to U.S. dollars and issued by Paxos Trust

ETF Analysts: Spot Bitcoin ETF Approval Odds at 65% Amid Pressure From Blackrock

3.8.2023
According to James Seyffart and Eric Balchunas, two analysts specializing in exchange-traded funds (ETFs) at Bloomberg, the likelihood of a spot bitcoin ETF debut in the U.S. has surged to 65%. These analysts attribute this increase to “pressure from Blackrock and possibly Democrats,”...