Binance founder and CEO Changpeng CZ Zhao is looking into potentially buying banks as a way of bridging the gap between the worlds of traditional finance and crypto, according to an interview Zhao did with Bloomberg at the Web Summit conference in Lisbon. Zhao did not name any specific targets, and also said he’s open to either minority investments or a full acquisition. Original Source BanksBinanceBloombergBuyingCEOZhao CryptoX Portal
Some of the miner’s convertible bondholders are working with restructuring lawyers at Paul Hastings. Original
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Simon Chamorro has a radical idea for cryptocurrency. His startup Valiu uses blockchain to offer digital exchange in the hopes of protecting fellow Venezuelans from hyperinflation. If the experiment succeeds, it could be a template for struggling economies everywhere. #Blockchain #Gamechangers #BloombergQuicktake ——– Like this video? Subscribe: Become a Quicktake Member for exclusive perks: Subscribe to Quicktake Explained: QuickTake Originals is Bloomberg’s official premium video channel. We bring you insights and analysis from business, science, and technology experts who are shaping our…
CFTC Staff Recommend Rejecting Kalshi's US Election Contracts: Bloomberg Source
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…
Origami aims to ease that transition with technological framework and guidance for DAOs, The project has row raised $6.2 million in a funding round led by Bloomberg Beta, the early-stage venture firm backed by Bloomberg, L.P. The capital will help Origami build out its software platform, infrastructure and DAO playbook, Ben Huh, Origami founder and CEO, told CoinDesk during an interview. Source
There have been rumours circulating that Do Kwon, co-founder of Terraform Labs, the firm behind the Terra blockchain network, has left Singapore for Dubai. Prosecutors have said that these rumours are “not false,” Bloomberg reported Friday. Source
Senior commodity strategist at Bloomberg Intelligence, Mike McGlone, stated October has historically been the best month for Bitcoin (BTC) since 2014, averaging gains of about 20% for the month, and that commodities appearing to peak could imply that Bitcoin has reached its bottom. In an Oct. 5 Bloomberg Crypto Outlook report, McGlone says while the rise of interest rates globally is putting downwards pressure on most assets, Bitcoin is gaining the upper hand when compared with commodities and tech stocks like Tesla, with the report noting: “When the ebbing economic tide…
According to data from Bloomberg, money flowing out of crypto exchange-traded funds has slowed down by 97% in Q3 compared to Q2. Investors pulled $17.6 million from crypto ETFs in Q3 in comparison to a record withdrawal of $683.4 million from the ETF in Q2. The second quarter of 2022 saw record withdrawals from crypto exchange-traded funds with a withdrawal of $683.4 million, which affected the price of Bitcoin and other cryptocurrencies. Bitcoin’s price has seen a 60% decrease that quarter, posting a record low of $17,785 on June 17…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Blockchain network Ethereum has completed its long-awaited software upgrade, according to co-founder Vitalik Buterin. Called the Merge, it replaced power-hungry computers that were used to order transactions on the network with a more energy-efficient setup using piles of the network’s native token, Ether, placed in special, so-called staking wallets. As a result, Ethereum’s energy consumption will decline by an estimated 99%. Coinshares head of research James Butterfill discusses the impact of the change on “Bloomberg Surveillance Early Edition.” ▶ Coinbase Website: Coinbase.com ▶ CEX…