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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First Mover: Bloomberg’s Pie-in-the-Sky Bitcoin Call Looks Directionally Defensible

The $20,000 in 2020 prediction may be overly optimistic, but analysts agree bitcoin is likely heading north.

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Gemini Exchange Brings Crypto Trading to Over 4 Million Samsung Users in U.S., Canada

Winklevoss brothers-backed Gemini cryptocurrency exchange has inked a partnership with South Korean multinational conglomerate Samsung Electronics Co. Per the terms of the partnership, as reported by Bloomberg on May 28, 2020, Gemini’s app will integrate with Samsung’s blockchain wallet to allow users to trade and store digital assets on mobile phones.

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Bitcoin Pulls Away From Stock Market as Price Staying Above $8,000 Signals Strength – Bloomberg Analyst

Bitcoin (BTC) staying above $8,000 is a sign of increasing momentum and detachment from the stock market beta-pull, according to Bloomberg senior analyst Mike McGlone. In a new bitcoin report published on May 5, McGlone said that sustaining above this level is necessary to indicate strength.

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Bitcoin Is Rapidly Transitioning Away From A Risk Asset – Bloomberg Analyst

The number of active Bitcoin addresses is increasing while the volatility which it has always been associated with has begun to decrease, thanks to the macroeconomic context in which the markets are currently immersed, according to Bloomberg’s digital report of May.

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Celo Alliance’s Efforts Supported by Libra Members

An effort to provide credit and facilitate payments for humanitarian aid has found the backing of large institutions such as a16z, Bison Trails, and Anchorage.  Bloomberg reports that this may be a contingency plan if Libra goes awry, but the two initiatives don’t have much in common, March 12, 2020.

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Facebook Plans to Redesign Project Libra Due to Regulatory Hurdles 

Facebook and the Libra Association are making plans to redesign project Libra in a bid to scale the ending regulatory hurdles that have plagued the global crypto project. Sources say the proposed Libra network may function as a payments network, supporting other cryptocurrencies including central bank digital currencies (CBDCs), reports Bloomberg on March 4, 2020.

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Andrew Yang: The US Needs Consistent Legal Framework for Cryptocurrencies

Democratic Oval Office candidate Andrew Yang thinks the US needs to have a consistent cryptocurrency legal framework if it wants to be a market leader. He made the statement during an interview given to Bloomberg on Thursday, and added that the regulatory situation at the moment is confusing and may bring harm to the people […]

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Facebook’s Libra Facing Fresh Wave of Doubt

Facebook’s Libra cryptocurrency is facing more speculation that the project may not get off the ground in 2020, according to media reports. What’s In a Memo? An alleged government memo seen by Bloomberg states that Libra may have to undergo revision if it’s to gain approval from Swiss financial regulators.

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Tether may be widening the disparity between Bitcoin, altcoins

In its most recent ‘Crypto Outlook’ report, Bloomberg Intelligence’s Senior Commodity Strategist, Mike McGlone, spoke about Bitcoin, Tether (USDT), their adoption and possible outcomes in 2020. The post Tether may be widening the disparity between Bitcoin, altcoins appeared first on AMBCrypto.

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Cryptocurrencies May Solve Central Bank Interest Rate Woes in 2020

Bloomberg recently published a story that detailed what the world’s central banks would do in 2020. The report covered a lot of subjects, including some probabilities to be optimistic about it and some to be worried about.

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Bitcoin Will Go Vertical In 2020, Spencer Bogart Says

Blockchain Capital Partner, Spencer Bogart, has been talking to Bloomberg about his predictions for Bitcoin in 2020. TL;DR – things will go vertical, and though he isn’t specifically referring to BTC price, that may well follow.

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Bitcoin Halving Could Produce Big Bear Market: Bloomberg

No, the Bitcoin price is not going to magically go through the roof on May 14, 2020, according to Bloomberg

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Is Bitcoin Price Rally Running Out of Gas? May be

Mike McGlone believes Bitcoin’s current volatility is unsustainable and as it tapers off BTC price will enter an extended period of consolidation. Bitcoin Price will Drop as Volatility Dries Up Earlier this week Bloomberg Intelligence senior commodity strategist Mike McGlone cast doubt on the widely held belief that Bitcoin is destined to the moon to a new all-time high before the 2020 halving event.

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Мнение: криптовалюта Walmart понравится регуляторам больше, чем Libra от Facebook

Представители американской инвестиционной компании Cowen считают, что криптовалюта ритейлера Walmart столкнется с меньшим количеством критики со стороны регуляторных органов, нежели стейблкоин Facebook Libra.

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