Analysts lower odds of Ethereum ETF approval to 35%

In a recent shift of perspective, Bloomberg analysts have significantly lowered the forecast for the approval of a spot Ethereum exchange-traded fund (ETF) by May — setting the probability at a mere 35%.

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Bloomberg analyst: 35% chance of spot Ethereum ETF approval by May

Experts are unsure whether spot Ethereum ETFs will be approved by May. 

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Gold May Beat Bitcoin in 2024, Mike McGlone Suggests

Bloomberg's major expert on commodities wonders if gold can defeat Bitcoin this year

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UK authorities set deadline to introduce laws on stablecoins and staking

The UK authorities may introduce laws on staking and stablecoins within six months. In a Bloomberg article from Feb. 20, officials in the UK appear hellbent on introducing laws to regulate stablecoins and staking. According to Economic Secretary to the…

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Firm handling FTX’s bankruptcy set to be appointed as Binance’s watchdog

New York-based law firm Sullivan & Cromwell may be appointed as an independent monitor for Binance Holdings Ltd. According to a Bloomberg report, Sullivan & Cromwell is the leading contender for the coveted observer position, likely beating out a crowded…

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Bitcoin May Revisit $10,000 for Worse Reason Than FTX Downfall: Bloomberg's Chief Analyst

Chief strategist of Bloomberg has named driver that may push BTC down to $10,000

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Are Axie Infinity (AXS), Decentraland (MANA), and Metacade (MCADE) the Future of the Metaverse?

The metaverse is undoubtedly the future. Or so it seems, with Bloomberg predicting that the metaverse may one day be worth $800 billion. When well-respected names like Bloomberg start making these statements, you know it’s time to sit up and listen.

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Terra's Do Kwon May Be in Europe: Report

South Korean prosecutors have indicated that the fugitive co-founder of Terraform Labs, Do Kwon, is in Europe, Bloomberg reported Friday.

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Report: Hodlnaut lost almost $190M in Terra crash

Singapore-based crypto lender Hodlnaut reportedly lost almost $190 million, as a result of Terra’s collapse earlier this year in May.  According to a report published by Bloomberg, the embattledThe post Report: Hodlnaut lost almost $190M in Terra crash appeared first on AMBCrypto.

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Elon Musk Will Close Twitter Deal This Week

Elon Musk will reportedly be the new owner of Twitter by Friday. Musk to Own Twitter Soon Elon Musks Twitter deal may really be happening this time. According to Bloomberg,...

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Bloomberg’s Top Strategist Sees Bitcoin Tapping $100,000 ‘In A Matter Of Time,’ Says Bottom May Be In

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Bitcoin May Gain Upper Hand Vs S&P 500 and Surge: Bloomberg’s Mike McGlone

Bitcoin staying at $19,000 may be an indication of an enduring bull market, Bloomberg’s chief strategist believes

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Bitcoin May Be Entering Unstoppable Maturation Stage: Bloomberg's Chief Strategist

Bloomberg's chief strategist has named factors in favor of Bitcoin this year

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Bitcoin Price: Bloomberg Senior Analyst on What May Refuel BTC

Mike McGlone on what may revitalize gold and gold 2.0, also known as Bitcoin

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Bitcoin May See Strongest Higher-Price Cure in 2022: Bloomberg's Mike McGlone

Chief Bloomberg's commodity strategist believes that Bitcoin may keep winning over commodities for next 10 years

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LUNA, LUNC investors may experience some distress due to this update

A piece of proposed legislation in the House of Representatives would put a two-year moratorium on creating algorithmic stablecoins. According to Bloomberg's latest version of the legislation, it woulThe post LUNA, LUNC investors may experience some distress due to this update appeared first on AMBCrypto.

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United States: Will this new bill ban Terra-like stablecoins for 2 years

A recent Bloomberg report stated that upcoming legislation would ban algorithmic stablecoins such as TerraUSD that collapsed in May this year leading to a global crypto crash. The said bill is currThe post United States: Will this new bill ban Terra-like stablecoins for 2 years appeared first on AMBCrypto.

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Ethereum Price Performance Could Guide Other Altcoins, Bloomberg's McGlone Says

Bloomberg’s Mike McGlone believes that the largest altcoin may start guiding the broader market, replacing Bitcoin

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Bitcoin May Soar After Current "Discount," If History Repeats Itself: Bloomberg's Chief Analyst

Major analyst of Bloomberg names past cases when Bitcoin nosedived as now and then spiked

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Ethereum May Extend Losses Below $1,000: Bloomberg

Despite the much-anticipated Merge upgrade is to occur soon, Ethereum may plunge below $1,000

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South Korean VC firm Hashed lost more than $3 billion in LUNA collapse

Hashed CEO Simon Seojoon Kim disclosed in a Bloomberg interview that the VC firm lost more than $3 billion from its investment in LUNA after it crashed in May 2022. The post South Korean VC firm Hashed lost more than $3 billion in LUNA collapse appeared first on CryptoSlate.

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Bitcoin due 'one of greatest bull markets' as July gains circle 20%

The future for Bitcoin price action may be much more bullish than the short-term charts, says Bloomberg Intelligence's Mike McGlone.

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Bitcoin bears in current cycle may 'flush out' weaklings as per this exec

The founding and managing partner of Guggenheim Partners, Scott Minerd, shared his thoughts about the cryptocurrency market at large in a recent interview with Bloomberg. He addressed the matter oThe post Bitcoin bears in current cycle may 'flush out' weaklings as per this exec appeared first on AMBCrypto.

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Non-Crypto-Versed Senators Could Delay The US Crypto Bill To 2023, Asserts Senator Lummis

The Responsible Financial Innovation Act (RFIA), a bipartisan bill introduced in June by US Senators Cynthia Lummis and Kirsten Gillibrand, may not be passed until next year. Speaking during Bloomberg’s Crypto summit on Tuesday, the two senators noted that there was still a lot of work to be done on the said bill. The biggest […]

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Bitcoin Will Rebound In 2nd Half Of 2022, Says Bloomberg Analyst

Mike McGlone, a senior commodity analyst at Bloomberg, predicts a rise in the price of Bitcoin in the second half of 2022. This suggests that the price of BTC may be preparing for a positive comeback this year.

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Robinhood Shares Spike on Report FTX May Be Seeking to Acquire It

Plans are still in the preliminary stages, according to a report from Bloomberg.

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Indian Terra investors facing 30% tax on LUNA 2.0 airdrop despite losses

After losing millions to Terra’s crash, Indian investors who have recovered part of their losses through the LUNA 2 airdrop may have to pay taxes equivalent to 30% of the value due to India’s tax policies on cryptocurrency, Bloomberg News reported.

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Bitcoin Price To Take Some More Pain For A Much Gigantic Gain — Bloomberg Analysts

In a May report published midweek, the senior commodity strategist at Bloomberg called for calm despite markets’ continued bleed under the reels of macroeconomic headwinds.

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Panama President demands strict anti-money laundering measures in new crypto law

Panama’s President Laurentino Cortizo said he will not sign the new cryptocurrency bill until it provides provisions for stricter anti-laundering controls, Bloomberg News reported on May 19.

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Animoca Brands co-founder says web3 is growing despite the recent crypto crash

Animoca Brands co-founder Yat Siu believes the web3 ecosystem continues to expand rapidly despite the recent turmoil in the crypto markets, according to an interview with Bloomberg’s Stephen Engle on May 18.

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This Analyst Believes Ethereum May Lose 80% Of Its Value

According to a recent Bloomberg article, John Roque of 22V research believes that Ethereum might fall to $420, a loss of 80% from its present price, and here’s why. Ethereum May Fall 80% The trader believes Ethereum, which is presently trading at $2,000, is about to break through the support zone and will most likely fall below $420.

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Spot Bitcoin ETFs Could See Approvals by 2023: Bloomberg Intelligence

A proposed change that would require crypto exchanges to register with the SEC may be key to future approvals, two analysts said.

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Bitcoin Futures Hint at Potential Price Increase: Bloomberg

According to Bitcoin derivatives, the spot asset may rally quite soon, Bloomberg suggests

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Bitcoin May Revisit $30,000, Bloomberg’s Mike McGlone Says, Here’s Why

Largest global cryptocurrency is likely to revisit $30,000, according to Bloomberg’s chief expert on commodities

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Bloomberg: Ethereum Price Levels May Fall Below $2,000

After the cryptocurrency market collapsed in January, some assets closed the month in the red. This includes Ethereum, the second-largest cryptocurrency by market capitalization, which went below 27% from December.

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Bitcoin May Get Major Impulse from This Factor: Bloomberg’s Mike McGlone

Chief Bloomberg strategist suggested a factor that can drive Bitcoin’s further growth this year

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Market May Be Suffering But Bitcoin And Ethereum Will Pull Back Stronger, Bloomberg Analyst

Bitcoin and Ethereum have led the market in the recent downturns that have rocked the market. These two digital assets are no doubt market movers in their own right and as such, uptrends or downtrends begin with them.

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Indian crypto bill unlikely to be introduced in parliament this winter, report says

According to Bloomberg, the Indian cryptocurrency bill has yet again been shelved, with sources confirming that the bill may not be introduced in the winter session of the parliament this year.  The sources familiar with the matter also told Bloomberg that Prime Minister Narendra Modi’s government wants broader consultations to be held before finalizing the […] The post Indian crypto bill unlikely to be introduced in parliament this winter, report says appeared first on CryptoSlate.

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Bloomberg Intelligence: Bitcoin May Rise To $100,000 In 2022

According to Bloomberg Intelligence analyst Mike McGlone, the global economy may face new deflationary shocks in 2022. They will provoke a rise in prices of bitcoins and gold.

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Bloomberg Analysts Say An Ethereum Futures ETF Is Likely To Be Approved Before A Physically-Backed Bitcoin ETF

Market participants waiting earnestly for the approval of a Bitcoin spot exchange-traded fund (ETF) may have to put off their expectations for a while. According to a Bloomberg Intelligence analysis, the market is more likely to see an Ethereum futures ETF given priority by the U.

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India’s Payment Giant Paytm May Add Bitcoin If Government Legalizes Crypto

The largest digital payments company in India, Paytm, would consider adding Bitcoin trading to its offerings if the government clears regulatory confusion regarding crypto. Paytm Will Consider Offering Bitcoin Trading If The Indian Government Legalizes Crypto As per a report from Bloomberg, Paytm has expressed interest in adding Bitcoin trading to the platform. However, the […]

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$532 Million CryptoPunk Trade Uncovered, Here's What It Actually Is

Rapid $500 million price increase for a piece of art may have been artificial, according to Bloomberg

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SEC On The Verge Of Cracking Down On The $131 Billion Stablecoins Market

Key takeaways Bloomberg reports the SEC may soon receive “significant” authority over stablecoins. The market is bullish for the regulatory clarity that may follow from the move. Stablecoins have surged in popularity this year, thus warranting attention.

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Here's How Bitcoin Traders May Miss Out on ETF Frenzy, Bloomberg

Here's why the market might be overestimating the impact that new futures-based ETFs will bring to the market

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Bitcoin Is Part of Plan to Get IMF-Approved $1.3 Billion for El Salvador: Bloomberg

Here's how Bitcoin may help El Salvador to receive a $1.3 billion loan from the IMF

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Bitcoin May Reach $100,000 – Bloomberg’s Mike McGlone Shares Top Reasons for That

Leading commodity expert of Bloomberg has shared top reasons why Bitcoin is likely to reach $100,000, possibly this year

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If SEC Begins Approving Bitcoin ETFs, ProShares Can Launch on 18 October: Bloomberg’s Chief ETF Expert

Senior ETF analyst of Bloomberg says that the crypto community may be overestimating demand for Bitcoin ETFs; here's why

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Bitcoin Targets $80,000 after Rising 90% Since July Low: Bloomberg

Bitcoin is rising towards its May peak after rising by more than 90% since the low it touched in July, while BTC traders are getting extremely greedy

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Аналитик Bloomberg: Биткоин ждет уникальная фаза роста в четвертом квартале

Главный стратег Bloomberg по сырьевым товарам Майк МакГлоун считает, что в четвертом квартале текущего года может произойти уникальная фаза роста биткоина, сообщает РБК Крипто. Relative to rising US debt and tensions over a potential default, #Bitcoin may be entering a unique phase for a 4Q price rise as markets gain trust in the coding that defines the crypto's […]

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