Bloomberg Archives

Crypto-Skeptic Sen. Sherrod Brown Is Open to Advancing Stablecoin Legislation, Bloomberg Reports

April 16, 2024

Congress has for years struggled to get any new laws passed for cryptocurrencies, providing greater clarity sought by both critics and proponents of digital assets. Stablecoin legislation may, nonetheless, be the lowest-hanging fruit given that stablecoins strongly resemble other regulated products like money-market funds, and there’s a strong incentive to create guardrails since they own important conventional assets like U.S. Treasuries. Source

Hong Kong Could Approve Spot Bitcoin (BTC), Ether (ETH) ETFs as Early as Monday: Bloomberg

April 12, 2024 boss

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Crypto Venture Capital Firm Paradigm Looking to Raise Up to $850M for New Fund: Bloomberg

April 2, 2024

The VC is looking to raise between $750 million and $850 million, Bloomberg reported citing source familiar. Source

Thai Crypto Exchange Bitkub Online’s Owner Plans 2025 Share Sale: Bloomberg

April 1, 2024

Demand for access to cryptocurrency trading accounts has climbed alongside the gains in bitcoin (BTC), which has advanced 57% this year while the CoinDesk 20 Index, a measure of the broader crypto market, added 49%. Last month, the number of active accounts in the country reached the highest level since September 2022, Bloomberg said, citing data from the country’s Securities and Exchange Commission (SEC). Source

Goldman Seeing ‘Resurgence of Interest’ for Crypto Options From Hedge Fund Clients: Bloomberg

March 25, 2024

After a quieter 2023, the approval of spot bitcoin exchange-traded funds (ETFs) in the U.S. in January has triggered a “resurgence of interest” from Goldman clients, Max Minton, Asia Pacific head of digital assets, said in an interview with Bloomberg. Source

London Jury Finds Jian Wen Guilty of Laundering Bitcoin Tied to Alleged China Investment Fraud: Bloomberg

March 20, 2024

Jian Wen, who denied the allegations, helped her former employer launder the funds between 2017 and 2022, a London jury found. The jury couldn’t reach a decision on two other charges. The 42-year-old had previously been acquitted of other money laundering charges at a separate trial. Source

Ether ETFs Likely Won't Get Approved in May, Bloomberg Analyst Predicts

March 19, 2024

Odds that spot ether ETFs will get approved in May have gotten slimmer, according to a Bloomberg ETF analyst who cited U.S. regulators’ seeming lack of engagement with potential issuers over the products. Source

Binance Asks Prime Brokers to Enhance KYC to Block U.S. Nationals: Bloomberg

March 19, 2024

Prime Brokers act as intermediaries between institutional investors and the market, offering services such as custody, trade execution, risk management, and lending with the aim of attracting institutional investors by providing a comprehensive end-to-end service model similar to their counterparts in traditional finance. Source

Binance Labs Has Become Independent of Crypto Exchange Binance: Bloomberg

March 15, 2024

South Africa Is Poised to License 60 Crypto Firms by Month End: Bloomberg

March 13, 2024

Crypto companies that wanted to continue operating in the country had to apply for a license with the Financial Sector Conduct Authority from June 1. Source