Tag Archives: bloomberg

Bitcoin (BTC) Whales Breach: Crypto Market Tumult Ahead?

Bitcoin (BTC) Long-Term Holders Rise Are Rising From Their Slumber Like the ocean, whales rule the proverbial Bitcoin (BTC) sea. Crypto’s blue whales, who hold millions, if not billions of dollars worth of cryptocurrencies, can instantly change this nascent ecosystem, whether it be through issuing orders or moving large sums around, specifically to spark investor interest or even fear.… Read More »

Government Shutdown, Trade War Have Doubled Risk of Economic Recession

Despite a recent stock market rally that has seen the Dow Jones Industrial Average rally back toward 24,000, economists are warning that the partial government shutdown and other factors have put the United States economy at its greatest risk of plunging into a recession in more than half a decade. US Recession Grows More Likely as Government Shutdown… Read More »

Bitcoin: Crypto Hedge Fund Says ‘We’ll See More Lows Before We Head Higher’

Technical analysts believe the Bitcoin price is at a turning point. Using the GTI VERA Bands Indicator, a new Bloomberg article suggests that the flagship cryptocurrency could be “on the brink of a large move.” It could go either way, the indicator suggests. Bitcoin price moves over the past 18 months prove surprises could be on the cards.… Read More »

Japan’s Financial Regulator Denies Interest in Bitcoin ETF

Japan’s Financial Services Agency (FSA) has denied that it is considering allowing Bitcoin (BTC) exchange-traded funds (ETFs), Cointelegraph Japan reports Jan. 9. As Cointelegraph reported Monday, Bloomberg has recently published an article claiming that Japan’s FSA is considering the approval of a Bitcoin ETF, citing an anonymous source. Following the reports, Cointelegraph Japan has contacted the regulator, and… Read More »

Crypto Startup Puts Tesla, Apple, Facebook Shares On Ethereum Blockchain

DX.Exchange Digitizes Tesla, Apple, Other Nasdaq Stocks  According to a report from Bloomberg, DX.Exchange, an up-and-coming crypto startup headquartered in Estonia and Israel, will be putting a number of popular American equities onto a blockchain next week. As the firm’s name implies, DX.Exchange is an online trading platform that will allow investors to trade and transact shares of Apple,… Read More »

Bitcoin Bull Novogratz Doubles Down On Crypto, Now Owns 80% Of Galaxy Digital

Bitcoin Bull Novogratz Nows Owns 80% Of His Crypto Firm Mike Novogratz, formerly of Fortress Financial, went all-in on crypto following his stint at Wall Street giant Fortress Investments. After retiring from the investment group in 2015, rumor has it that he went on a personal journey, finding Bitcoin (BTC) in the process. And since then, he has… Read More »

PWC Crypto: 2018’s Bitcoin Crash “Cleared Out The Noise”

In terms of price action, 2018 was a dismal year for many of the crypto industry’s participants, as the Blockfolios of investors worldwide were painted in red all year round. Yet, as established by industry pundits like Armin Van Bitcoin, Travis Kling, and countless others, the past 12 months have been exorbitantly successful for this nascent industry. And a notable… Read More »

Facebook is Developing a Stablecoin to Power Remittances on Whatsapp

News reaching Ethereum World News indicate that facebook is developing a stablecoin to let users transfer money on its WhatsApp messaging App (Whatsapp was acquired by facebook back in 2014). The team at facebook will first focus on the market in India with this new concept and service. Sources privy with the matter told Bloomberg.com that using a… Read More »

Litecoin (LTC) Founder Aims Sights At Crypto Adoption

Litecoin Founder Charlie Reminisces  Just one year ago, Litecoin’s founder Charlie Lee, better known as “Coblee” or “Satoshilite,” took to the Litecoin (LTC) subreddit to convey a surprising announcement. For those who missed the memo, Lee, who has been a cryptocurrency proponent for a majority of Bitcoin’s existence, revealed that he liquidated his LTC holdings to mitigate “conflicts… Read More »

Crypto Markets Deserve ‘B+ Grade’ for 2018, Says Investment Exec

Despite a massive sell-off this year, a former AQR Capital Management executive gave crypto markets’ 2018 performance a “B+ grade” in an op-ed for Bloomberg, Dec. 20. Aaron Brown — AQR’s former Chief Risk Manager and an author on risk management and gambling-related topics — pointed out Bitcoin’s (BTC) 80 percent fall from its $20,000 one year ago… Read More »