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New Zealand Central Bank Governor Issues Warning Against Stablecoins
12.2.2024
New Zealand’s central bank governor, Adrian Orr, raised concerns about the stability of cryptocurrencies, particularly stablecoins, during a parliamentary committee meeting on Monday. He criticized these tokens as “misnomers” and “oxymorons,” highlighting their...
ETF History Made: BlackRock and Fidelity’s Bitcoin Launches Become the Talk of Wall Street
9.2.2024
Interest in market leading spot Bitcoin ETFs has exploded one month after launch, according to Bloomberg’s Senior ETF analyst Eric Balchunas. Balchunas posted a multi tweet thread on X crunching the numbers behind the newly launched Bitcoin investment products. BlackRock and Fidelity’s...
ARK Invest and 21Shares Outline Cash Processes in New Ethereum ETF Bid
8.2.2024
Ark Invest and 12Shares have refiled their joint application for a spot market Ethereum ETF to address cash creation and redemption. The amendments bring it in line with spot Bitcoin ETFs recently approved by the US Securities and Exchange Commission, according to Bloomberg ETF analyst Eric...
Spot Bitcoin ETFs See Over $1 Billion in Daily Trading Volume, BlackRock’s IBIT Outshines
8.2.2024
Spot Bitcoin (BTC) exchange-traded funds (ETFs) have seen their total daily trading volume exceed $1 billion on Wednesday, with BlackRock emerging as the top performer. In a recent post on X, Bloomberg Intelligence analyst James Seyffart highlighted the standout performance of BlackRock’s...
NBA, Mark Cuban Sued for Marketing Deals With Defunct Crypto Exchange Voyager
8.2.2024
The National Basketball Association (NBA) is facing a lawsuit over its association with failed crypto exchange Voyager Digital Holdings, with investors alleging losses totaling $4.2 billion. The lawsuit claims the NBA’s involvement in a marketing deal between Voyager and Mark Cuban, former...
Scaramucci Urges Crypto Community to Support Biden Over Trump at Digital Assets Event: Report
7.2.2024
Former White House Director of Communications Anthony Scarmucci urged the crypto community to support current President Joe Biden over Republican frontrunner Donald J. Trump during a February 1 appearance at a Duke University digital assets event. Scaramucci Warns Trump is Bad for Crypto According...
Crypto Custody Firm Fireblocks Latest to Cut Jobs Amid Tech Layoffs
7.2.2024
Crypto custody provider Fireblocks has announced a reduction in its workforce as part of a restructuring effort. In a recent interview with Bloomberg, Fireblocks said it has been working on restructuring its go-to-market and customer support operations over the past six months. The goal is...
Commodity Analyst Mike McGlone Says Gold Glitters Over Bitcoin as Crypto-to-Metal Ratio Plunges Post-2021
4.2.2024
Bloomberg’s commodity market expert Mike McGlone warns of a potential downturn for bitcoin, highlighting its disappointing performance against gold since its peak in 2021. On Sunday, McGlone pointed out that the bitcoin/gold ratio had plummeted by about 40% from its 2021 zenith of 37 times....
BlackRock’s Bitcoin ETF Surpasses Grayscale In Daily Trading Volume
2.2.2024
The Grayscale Bitcoin Trust (GBTC) was overtaken in daily trading volume by BlackRock’s Bitcoin ETF for the first time on Thursday, highlighting the legacy fund’s shrinking dominance over the Bitcoin (BTC) market. The iShares Bitcoin Trust (IBIT) processed $300 million in trades, versus $290...
German DZ Bank Plans to Roll Out Bitcoin Trading Pilot This Year: Report
2.2.2024
DZ Bank, the second largest bank in Germany, is reportedly planning to begin a retail crypto trading trial this year. Per a Bloomberg report, the Frankfurt-based bank aims to make the service available to its over 700 community banks. “Over the course of the year we will enter the pilot phase...
Binance Is Facing Regulatory Headwinds as It Tries to Re-Enter UK Market: Bloomberg
1.2.2024
The largest crypto exchange in the world stopped offering its services to U.K. customers in October after it failed to comply with a rule change made by regulators last year
Germany Banking Giant DZ to Pilot Crypto Trading This Year: Bloomberg
1.2.2024
The bank released a cryptocurrency custody platform in November
CME Group Bitcoin Futures’ Open Interest Slides 24% as Spot ETFs Gain Traction
31.1.2024
The launch of Bitcoin (BTC) spot exchange-traded funds (ETFs) in the United States has impacted investor demand for Bitcoin futures, leading to a decline in open interest. Data compiled by Bloomberg reveals that open interest in CME Group Bitcoin futures contracts dropped by approximately...
Billionaire Tim Draper Didn’t Expect US Government To Be ‘Paranoid’ About Bitcoin
31.1.2024
Venture capitalist Tim Draper has once more attributed the failure of Bitcoin to reach his $250,000 price target to the actions of the US government. He originally predicted Bitcoin would hit $250,000 by 2022. But he now expects it to happen by 2025. Draper admitted in a recent Bloomberg interview...
Analysts Suggest Financial Giant Charles Schwab Poised to Shake Up Bitcoin ETF Market With Potential Late Entry
27.1.2024
In the wake of a noteworthy 11-day period during which U.S.-centered spot bitcoin exchange-traded funds (ETFs) amassed a trading volume totaling $25.36 billion, discussions have emerged about the potential involvement of Charles Schwab, the American multinational financial services corporation....
Bloomberg: Don’t Blame Bitcoin ETFs For Crypto Market Dump – Here’s the Latest
23.1.2024
Bitcoin ETFs are not to blame for Bitcoin (BTC)’s seismic price drop this month, according to Bloomberg ETF analyst Eric Balchunas. Tapping a fresh multi-year high of $49,000 on January 11, the launch of several U.S.-based Bitcoin spot ETFs that same day has appeared to mark a definitive local...
Blockchain Startup Figure Technologies Seeks US Regulatory Approval for Interest-Bearing Stablecoin
23.1.2024
Financial technology company Figure Technologies is seeking approval from US regulators to introduce an interest-bearing stablecoin. Founded by former SoFi Technologies CEO Mike Cagney, if successful, Figure will become the first company to offer a stablecoin regulated as a security within...
Crypto Mining Investor B.Riley Facing SEC Probe
22.1.2024
B.Riley, an investment firm that has backed numerous Bitcoin mining projects, is allegedly involved in a probe brought forth by the United States Securities and Exchange Commission (SEC), according to a new report from Bloomberg. B.Riley’s deals in question following business with alleged...
Bitcoin ETFs Rapidly Accumulate 95,000 BTC, Nearing $4 Billion AUM
22.1.2024
In just six days of trading, the recently approved spot Bitcoin exchange-traded funds (ETFs) have collectively accumulated an impressive 95,000 BTC, with total assets under management (AUM) inching close to the $4 billion mark. According to Eric Balchunas, a senior ETF analyst at Bloomberg...
Litigation Analyst Gives Coinbase a 70% Shot at Full Dismissal in SEC Case
22.1.2024
According to Bloomberg senior litigation analyst Elliott Stein, the major US-based crypto exchange Coinbase might be looking at a favorable outcome in its legal battle against the US Securities and Exchange Commission (SEC). In a recent post on X, Stein shared his analysis of the case and expressed...