Tag: Bloomberg

Binance CEO CZ richest crypto billionaire at $96B: Bloomberg

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Changpeng Zhao, the CEO of Binance, tops the list of richest crypto billionaires with an estimated net worth of $96 billion. According to Bloomberg CZ ranks 11th among the world’s richest people as Binance retains its position as the biggest crypto exchange in terms of trading volume. CZ, the 44-year-old crypto entrepreneur, overtook Asia’s richest billionaire Mukesh Ambani despite Bloomberg excluding his personal crypto holdings such as Bitcoin (BTC) and the exchange’s in-house Binance Coin (BNB) tokens. The industry is growing. — CZ Binance (@cz_binance) October 26, 2021 According to…

Bitcoin and Ether heading $100K and $5K in 2022: Bloomberg Intelligence

Despite cryptocurrency markets dropping to multi-month lows, major cryptocurrencies like Bitcoin (BTC) and Ether (ETH) are likely to hit new all-time highs in 2022, according to a Bloomberg analyst. BTC and ETH will be heading toward $100,000 and $5,000 this year, respectively, Bloomberg Intelligence analyst Mike McGlone forecasted in his latest market analysis published on Thursday. “A key issue we see is the Federal Reserve, as it faces the greatest inflation in four decades, more inclined to raise interest rates if risk assets continue climbing,” McGlone noted. McGlone also predicted…

Bitcoin could outperform stocks in 2022 amid Fed tightening — Bloomberg analyst

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The Federal Reserve’s signaling for tighter monetary policy in 2022 could provide short-term headwinds for risk assets such as stocks and cryptocurrency, but there’s a good chance that Bitcoin (BTC) still comes out on top as investors recognize its value as a digital reserve asset, according to Bloomberg commodity strategist Mike McGlone.  The January edition of Bloomberg’s Crypto Outlook described the Federal Reserve’s plan to raise interest rates in 2022 as a possible “win-win scenario for Bitcoin [versus] the stock market.” The reasons stem from the fact that the S&P…

Galaxy, Bloomberg Debut Solana Fund for Institutional Investors

Galaxy Digital on Wednesday said it will launch a crypto fund for Solana, the high-speed blockchain whose native token SOL has soared in value this year. The crypto conglomerate said Galaxy Solana Funds will target “institutional investors.” Its release trails two weeks behind Grayscale’s announcement that it plans to do the same. Grayscale is a sister company of CoinDesk through parent DCG. Galaxy and Bloomberg set the stage for this fund’s launch with their creation of a Solana index one month ago. Indeed, the new fund seeks to track the…

Bitcoin could hit $100K, gold $2K in 2022 thanks to ‘deflationary forces’ — Bloomberg analyst

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$100,000 Bitcoin (BTC) and $2,000 gold could greet 2022 as global markets face “deflationary forces,” says Bloomberg Intelligence. In a tweet on Dec. 9, Mick McGlone, a senior commodity strategist at Bloomberg’s research arm, forecast that next year would be good for both gold and BTC. “Positive ramifications” for Bitcoin thanks to deflation As inflation makes headlines worldwide this month, Bitcoin has faced criticism over its alleged role as a hedge thanks to its 39% drawdown from all-time highs. As Cointelegraph reported, the latest U.S. Consumer Price Index (CPI) data…

Global Crypto Market Cap Falls 7% in Past 24 Hours

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Cryptocurrencies fell on Tuesday, with Bitcoin sliding toward the $60,000 level and Ether close to its lowest levels this month. The global crypto market cap has dropped some 7% in the past 24 hours to $2.8 trillion, according tracker CoinGecko. Joanna Ossinger reports on “Bloomberg Surveillance: Early Edition.” ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

加密貨幣交易所 Coinbase 新上市，是不是一個好的投資標的？｜股乾爹 EP.012

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #coinbase #加密貨幣 #交易所 美國最大的交易貨幣交易所 Coinbase，今年四月在 Nasdaq 直接上市了。因為第一季財報非常漂亮，市場認為 Coinbase 上市後將有1000億美金市值的實力。然而，上市後股價表現並不如預期，投資人似乎對於高額的散戶手續費是否能維持，有這非常多的疑問。Coinbase的核心價值到底在哪裡？ Coinbase 到底值不值得投資呢？ 00:00 開場 00:31 Coinbase的上市 02:20 超賺錢的獨角獸 04:22 散戶的交易費用 06:58 高費率能否維持 09:20 安全/值得信任的交易所 10:55 機構客人的生意 12:57 Cryptoeconomy 加密經濟 ❝股乾爹，讓投資成為你的乾爹❞ 想每日關注財經知識和新聞，股乾爹訂閱起來！ ▌股乾爹粉專： ▌股乾爹IG： ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Ethiopia deploys blockchain in the classroom

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Ethiopia deploys blockchain in the classroom, saying the technology has a number of uses from locating exceptional students to verifying grades. #News #Reuters #Ethiopia #blockchain #schools Subscribe: Reuters brings you the latest business, finance and breaking news video from around the globe. Our reputation for accuracy and impartiality is unparalleled. Get the latest news on: Follow Reuters on Facebook: Follow Reuters on Twitter: Follow Reuters on Instagram: ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Money managers with zero crypto exposure risk being left behind — Bloomberg strategist

The career risk surrounding cryptocurrency is shifting to money managers who don’t have exposure to digital assets as opposed to those who are already invested, highlighting a dramatic shift in institutional acceptance of Bitcoin (BTC) and decentralized finance, according to Bloomberg’s senior commodity strategist Mike McGlone.  The November edition of Bloomberg’s Crypto Outlook described 2021 as just another foundation year for the cryptocurrency market, further underscoring the long-term value proposition of digital assets. In this environment, money managers “risk falling behind and underperforming peers who own crypto assets,” wrote McGlone,…