17:30 US Bank Lending Drops by Record $105 Billion in Two Weeks, Trillions Moving to Money Market Accounts, Elon Musk Warns ‘Trend Will Accelerate’
Bitcoin ‘faces headwinds’ as US money supply drops most since 1950s Research from Bloomberg Intelligence argues that liquidity conditions still do not favor a continuation of the Bitcoin rally. Markets News Own this piece of history Collect this article as an NFT Join us on social networks Bitcoin (BTC) and crypto may yet see a long-term correction thanks to central banks keeping liquidity tight, Bloomberg warned. […]
US midsize banks seek FDIC Insurance on 'all deposits' for 2 years: Report The banking coalition reportedly argued that it would bring stability to the banking industry and reduce the chances of "more bank failures," in a letter to federal regulators. News Own this piece of history Collect this article as an NFT The Mid-size Bank Coalition of America (MBCA) has reportedly asked United States federal regulators to […]
Binance Held Token Collateral And Customer Funds In The Same Wallet Binance held token collateral and user funds in the same cold wallet. The exchange claims it was a mistake and is currently rectifying the issue. The cold wallet currently holds both customer funds and reserves for over 40 Binance-peg tokens. The exchange previously stated that all B Tokens were backed 1:1. The world’s largest exchange […]
Former FTX Director of Engineering Under Scrutiny by US Law Enforcement, Alleged Proffer Sessions Held With Prosecutors in New York U.S. law enforcement officials are reportedly scrutinizing Nishad Singh, the former director of engineering at FTX, according to a report citing people familiar with the matter. Another report, published on Jan. 10, 2023, details that Singh met with federal prosecutors at an alleged proffer session held at the U.S. attorney’s office for the Southern District […]
Erik Voorhees tips $40K BTC by June, but little consensus among pundits There is little agreement among Bitcoin’s commentators over the last few weeks, with crypto execs, research analysts and billionaire investors offering wildly different takes on what's in store for Bitcoin for the year ahead. One crypto exchange founder expects Bitcoin (BTC) to spike to $40,000 by the “summer” of 2023, while a Bitcoin billionaire has […]
Crypto Community Asks: Where in the World Is Ex-Alameda CEO Sam Trabucco? Following FTX co-founder Sam Bankman-Fried’s arrest and the statements from his co-workers Gary Wang and Caroline Ellison, the spotlight has turned on the remaining executives who were part of the team’s inner circle. Another person people are curious about these days is Alameda Research’s ex-co-CEO Sam Trabucco. The 30-year-old executive left Alameda in Aug. 2022, […]
Bitcoin Poised To Resume Its Inclination To Outperform, Says Bloomberg Senior Analyst After the Bank of Japan (BOJ) announced a surprising turnaround in its monetary policy today, the Bitcoin price managed to rise near the important resistance level of $16,900. The BOJ announced that it will drastically widen its yield curve control band to 0.50%. At the same time, it announced that it will significantly increase the […]
Report: Alameda’s Caroline Ellison Retains SEC’s Former Enforcement Division Chief 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 alleged margin position, and the ex-Alameda executive reportedly being spotted at […]
New York Times, FT, Bloomberg Blasted for Attempting to Get FTX Creditors’ Names Unsealed 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 be made aware of the creditors’ information, as the publications […]
FTX Co-Founder Sam Bankman-Fried Faces US Extradition, Bankruptcy Court Says Top Execs Won’t Be Compensated 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 $1 billion and $2 billion has gone missing. […]
$138B investment manager Man Group to launch crypto hedge fund: Report London-based investment manager Man Group Plc is preparing to launch a cryptocurrency hedge fund, signaling continued investor appetite for digital assets in the wake of FTX’s monumental collapse earlier this month. Bloomberg reported on Nov. 18 that Man Group is preparing to launch its crypto-focused hedge fund through its computer-led trading unit AHL. Citing private […]
Binance’s Changpeng Zhao Mulls Over Bank Acquisition With $1 Billion War Chest Binance chief Changpeng Zhao has indicated that he may invest in traditional finance, including banks, in the near future. The crypto billionaire is looking to get into payment services and traditional banking. Zhai launched a billion-dollar growth fund in October aimed at crypto acquisitions, talent development, and incubation. The user conversion from web3 to traditional […]
Tether (USDT) Hits Back against Media Misinformation Tether is asserting that Bloomberg is misinforming the public about USDT. The established publication has been targeting the issuer of USDT, the world’s largest stablecoin by market cap, with a slew of bad media coverage. Tether Responds According to information provided on a live broadcast on Monday afternoon and a published article earlier in the […]
Tether ($USDT) Hits Back At Bloomberg For Report Over Renewed Fraud Probe Bloomberg published a report outlining a “fresh: probe by the Department of Justice into Tether’s bank-fraud case. Tether has responded to the report and accused Bloomberg of recycling old news. The original investigation revolved around Tether executives who allegedly committed bank fraud. The stablecoin issuer has assured that it is cooperating with law enforcement agencies […]
US Lawmakers Send Inquiry to ERCOT CEO Over Texas Crypto Mining and Its Effects on the So-Called Climate Crisis
Bloomberg analyst tips bullish BTC recovery in next six months Bloomberg’s senior commodity strategist Mike McGlone is tipping that the price of Bitcoin (BTC) will rebound in the second half (2H) of 2022. Sharing his thoughts to his 48,100 Twitter followers on July 6, McGlone saw positive signs in the data Bloomberg’s Galaxy Crypto Index (BGCI) and the 50-week and 100-week moving averages of BTC’s […]
Celsius Stories Littered With ‘People Familiar With the Matter’ Sources, Report Claims Lender Struggles With Arguments Over Bankruptcy
Bitcoin price broke to the upside, but where are all the leveraged long traders? This week's Bitcoin (BTC) chart leaves little doubt that the symmetrical triangle pattern is breaking to the upside after constricting the price for nearly 20 days. However, derivatives metrics tell a completely different story because professional traders are unwilling to add leveraged positions and are overcharging for downside protection. BTC-USD 12-hour price at Kraken. Source: […]
Proshares Bitcoin futures fund in top 2% of all ETFs for volume Since its launch on Oct. 19 Proshares’ Bitcoin futures exchange-traded fund (ETF) has been a popular choice with traders, rising to the top 2% of all ETFs in terms of total trading volume. Bloomberg’s Senior ETF analyst Eric Balchunas noted on Nov. 11 that the ProShares Bitcoin Strategy ETF (BITO) had $400 million worth of […]
Analysts predict Valkyrie will launch Bitcoin Futures ETF this week Commentators are predicting that a second futures-based Bitcoin exchange-traded fund (ETF) will go live by the end of the week following the launch of ProShares’ Bitcoin Strategy ETF later today. On Oct. 19, Bloomberg’s analyst Eric Balchunas predicted that Valkyrie’s Bitcoin (BTC) futures-based ETF is “likely” to launch in the coming days after being certified […]
Will The SEC Approve A Bitcoin Futures ETF In 2021? Here Are The Implications Rumors are flying. The SEC could approve a Bitcoin Futures ETF before the year ends. What does this mean? And why a Bitcoin Futures ETF before one for the asset itself? That’s what we’re here to explore. It seems like the US Security And Exchange Commission will not give the go-ahead to the mythical Bitcoin […]
Evergrande Losses Sparks Fear of Looming Credit Contagion, Janet Yellen Asks to Raise US Debt Ceiling
Walmart and Litecoin Payment News Debunked by Walmart Spokesperson, LTC Prices Shudder from Fake News
The People’s Bank of China Blasts Bitcoin And Crypto. Once Again. For a minute there, it seemed like the FUD was over. The People’s Bank of China contributes to its country’s crypto-crackdown at the “Financial Knowledge Popularization Month,” reports People’s Daily Online from Beijing. Speaking at an event, Yin Youping, Deputy Director of the Financial Consumer Rights Protection Bureau of the People’s Bank of China, claimed: […]
