Day: March 4, 2023

Coinbase Acquires One River Digital to Expand Institutional Access to Crypto Assets – Exchanges Bitcoin News

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Cryptocurrency exchange Coinbase has acquired One River Digital Asset Management, an institutional digital asset manager and registered investment adviser with the Securities and Exchange Commission (SEC). This acquisition allows Coinbase “to expand institutional access to digital assets,” the crypto exchange said. Coinbase Expanding Institutional Access to Crypto Coinbase (Nasdaq: COIN) announced Friday that it has acquired One River Digital Asset Management (ORDAM), a subsidiary of One River Asset Management. ORDAM is an institutional digital asset manager and registered investment adviser with the Securities and Exchange Commission (SEC). One River Digital…

Bloomberg analyst says it is time to short crypto

According to Mike McGlone, a senior commodities strategist at Bloomberg Intelligence, it may be premature to declare the bear market for cryptocurrencies over. In a recent report, McGlone argues that digital currencies, including bitcoin (BTC), will continue to face significant challenges due to the Federal Reserve’s ongoing policy of increasing interest rates. He believes this policy will act as a “headwind” for most risky assets, including cryptocurrencies, and that investors may need to take out insurance to protect their portfolios. Not an optimistic take on crypto The analyst suggests that…