Tag: Bloomberg

Coinbase + BlackRock Crypto Deal = BIG Moves for $COIN Stock (News and Price Targets)

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WHY THIS WEEK IS HUGE FOR BITCOIN & ETHEREUM HODLERS…

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io What was the CPI data report for August? What’s happening w/ cryptocurrency this week? Today we discuss the LATEST crypto news for bitcoin, ethereum, metaverse altcoins, & more! 👋 SLAP THE LIKE BUTTON! 🔴 Kevin Smith Makes Crypto History with First Ever NFT Film (Huge Moment) 🟠 Mark Cuban EXPOSES The Crypto Market in 2022 | Full Interview 🎬 Why Spike Lee is BULLISH on Bitcoin and NFTs Altcoin Daily, the best cryptocurrency news media online! Is ethereum a good investment 2022?…

Crypto-focused venture firm Dragonfly acquires hedge fund: Bloomberg

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Cryptocurrency venture firm Dragonfly has acquired a digital asset-focused investment fund for an undisclosed amount — a move that managing partner Haseeb Qureshi said mirrors the broad consolidation trend underway in the industry.  Bloomberg reported Monday that Dragonfly purchased MetaStable Capital, a hedge fund co-founded by Naval Ravkiant in 2014, for an undisclosed sum. In doing so, Dragonfly dropped the word “Capital” from its name and underwent a complete rebranding to reflect its growing mandate in the digital asset space. Qureshi told Bloomberg that his firm is “committing to our…

A Beginner's Guide to Cryptocurrency 1080p #technologyfullshow #technology

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io A Beginner’s Guide to Cryptocurrency 1080p #technologyfullshow #cryptocurrency This is the ULTIMATE Guide on how to get started in cryptocurrency investing for beginners. “Technology’ Full Show” If you enjoyed consider please like and subscribe it, it helps grow our channel. 🔥🔥🔥Please Like and Subscribe My Channel🔥🔥🔥 🔥🔥🔥Please Visit Our Website 🔥🔥🔥 ” MUST WATCH VIDEOS ” 1) Computer Vision in Todays World 2022 The Vision of Computer in The world of Technology 2) ‘Elon Musk’s Next Big Product Tesla Energy’ Musk’s ||…

Why Bitcoin At $100K Is Just A “Matter Of Time”: Bloomberg Intelligence

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Bitcoin follows what Senior Commodity Strategist for Bloomberg Intelligence, Mike McGlone, calls an “enduring trajectory”. The benchmark crypto is one of the best-performing assets in history, as the expert said in a recent report, and might be on track to record fresh gains in the second half of 2022. At the time of writing, BTC’s price trades at $23,900 with a 3% profit over today’s trading session and a 2.4% profit over the past week. The cryptocurrency seems to be trending upwards on the back of a decrease in inflationary…

Bitcoin likely to transition to a risk-off asset in H2 2022, says Bloomberg analyst

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Bitcoin is likely to transition from a risk-on to a risk-off asset in the second half of 2022, as the macroeconomic environment is rapidly shifting towards a recession, said Mike McGlone, senior commodity strategist at Bloomberg, in a recent interview with Cointelegraph. McGlone predicted: “ I see it transitioning to be more of a risk-off asset like bonds and gold, then less of a risk-on asset like the stock market.” According to the analyst, the crypto market has flushed out most of the speculative excesses that marked 2021 and it is…

Bitcoin and Ethereum”Incredibly Oversold” States Bloomberg Analyst: Forbes

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TLDR: Bloomberg Intelligence senior commodity strategist Mike McGlone stated that Bitcoin trades at a substantial discount. McGlone highlights several observations when making his case, such as technical analysis focusing on key indicators such as the 100-week moving average. McGlone stressed the Federal Reserve’s critical role in the price of equities and cryptocurrencies. Bitcoin is currently trading at $23,203.64, according to CoinGecko, a %66.4 drop from its all-time high. According to McGlone, a senior commodity strategist at Bloomberg Intelligence, Bitcoin and other cryptocurrencies are trading at a significant discount. Currently trading…

Bitcoin may behave more like US Treasury bonds: Bloomberg Intelligence

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The latest crypto market research from Bloomberg Intelligence suggests that Bitcoin may start to behave more like United States (U.S.) Treasury bonds and gold, rather than stocks. In its August Crypto Outlook report, penned by Senior Commodity Strategist Mike McGlone and Senior Market Structure Analyst Jamie Coutts, the research unit compared Bitcoin markets to those of gold, bonds, and oil. The authors suggested that macroeconomic influences such as the Federal Reserve’s monetary policies have resulted in similarities in Treasury bond markets and Bitcoin: “Tightening markets and plunging global growth support the…

Coinbase Facing SEC Probe Over Cryptocurrency Listings

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Coinbase Global Inc. is facing scrutiny form the US Securities and Exchange Commission into whether it improperly let Americans trade digital assets that should have been registered as securities. Joe Mathieu reports on Bloomberg Television. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

How Bitcoin Mining Can Incentivize Renewable Energy

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Apr.23 — Bitcoin mining is often decried as an energy hog, but new research results by Cathie Wood’s ARK Invest and Jack Dorsey’s Square have been found to “debunk the myth.” Tesla’s Elon Musk also agrees that it could actually be good for the planet. Marco Streng, CEO and co-founder at Genesis Digital Assets, says because renewable energy is among the most economically friendly, miners will lean towards that power source, thus contributing to the renewables industry in the long term. Streng…