Tag: Bloomberg

US Regulator to Probe BitMeX Cryptocurrency Exchange: Bloomberg |

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The US Commodity Futures Trading Commission is going to investigate cryptocurrency derivatives exchange BitMEX, according to sources cited by Bloomberg. The regulator would focus on whether or not BitMEX, a Seychelles-based firm, has been offering services to the American citizens. The exchange lets people make big bets on the cryptocurrencies with as much as 100-times margins. The CFTC considers cryptocurrencies like bitcoin as commodities, which brings companies like BitMEX – that offers futures and other crypto-based derivatives trading services – under its jurisdiction. Bloomberg reached BiMEX for further clarification and received…

Crypto Exchange BitMEX Under Investigation Over US Users: Bloomberg

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The US Commodity Futures Trading Commission (CTFC) has launched an investigation against the cryptocurrency exchange BitMEX, Bloomberg reported today. Probe on US customers According to Bloomberg, BitMEX is not registered in the United States, and the CFTC is probing whether the Seychelles-based crypto exchange has broken the rules by giving access to US users to trade on its platform. As the regulator considers cryptocurrencies like Bitcoin as commodities and the CFTC has jurisdiction over futures and derivatives based on them, crypto exchanges have to comply with the country’s regulation to…

Crypto Exchange BitMEX Under Investigation By CFTC: Bloomberg

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Seychelles-based cryptocurrency exchange BitMEX is being probed by the U.S. Commodity Futures Trading Commission (CFTC) over client trades. The news appeared on Bloomberg Terminal soon before press time on Friday, and was followed by a tweet from the newspaper’s tech columnist Tim Culpan. He said: Breaking news*U.S. REGULATOR PROBING CRYPTO EXCHANGE BITMEX ON CLIENT TRADES@BitMEXdotcom under investigation, just two weeks after that @Nouriel v @CryptoHayes Tangle in Taipei. — Tim Culpan (@tculpan) July 19, 2019 CoinDesk will monitor the breaking news and update this report as soon as more information is available.…

World’s First Zero-Fiat ‘Bitcoin Bond’ Now Available on Bloomberg Terminal

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Two European companies have launched what they describe as the world’s first genuine bitcoin (BTC) bond, they confirmed in a joint press release on July 3.  Luxembourg-based Argento, a securitization firm, joined forces with London Block Exchange (LBX) to issue the bitcoin-denominated bond, which is regulated under the United Kingdom’s regulator, the Financial Conduct Authority (FCA). “We are thrilled to have structured and produced the world’s first institutional grade bitcoin-denominated financial product,” Argento manager Phil Millo commented.  “The large investment banks really dropped the ball on this one.” The Argento-LBX…

CNBC Trader Acknowledges Bitcoin (BTC) as Uncorrelated Hedge, Joins Bloomberg Economist

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Bitcoin Continues to Gain Traction as Safe Haven Throughout its short history, Bitcoin (BTC) has been seen as anything but centralized, sovereign, and censorable. The crypto asset was created by a pseudonymous individual, is secured by a global group of miners, and is backed by no government, traditional finance system, or common entity. And as a result, many have looked to Bitcoin and its brethren — other digital assets — as a much-needed escape hatch from fiat and government overreach.  Simply look to the fact that it was released in the wake of the…

Bloomberg: Bitcoin Mining Giant Bitmain is Pursuing IPO Plans Again

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Bitcoin Powerhouse Looking to Go Public… Again According to a recent report from Bloomberg, Bitmain, one of the world’s largest crypto companies, still has plans to go public. The Bitcoin mining giant, best known for its ASIC machines, submitted a proposal to trade on public markets, namely the Hong Kong Stock Exchange, but was tacitly denied when its application lapsed. No explicit reason is known for the lapse, but reports suggest that it was due to the company’s inconsistencies in terms of profit, high valuation, and the day-to-day volatility of…

Reuters, Bloomberg Terminals, TradingView Add AI-Powered Crypto Index for Top 100 Coins

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The half a million traditional traders that use the Reuters and Bloomberg financial terminals will now have access to an index for the 100 strongest-performing cryptocurrencies and tokens. The terminals’ support of the “CIX100” index — developed by AI-powered cryptocurrency index provider Cryptoindex — was revealed in a press release shared with Cointelegraph on June 13. CIX100 is the result of an analysis of over 1,800 coins, selected on the basis of their having consistently held a position in the top 200 for over three consecutive months and being traded…

Blockchain-Based Alternative Investment Firm to Be Listed on Bloomberg Terminal

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A blockchain-based alternative investment provider that tokenizes commercial debt is being listed on the Bloomberg Terminal, according to a news release published on June 4. Cadence is believed to be the first digital asset to obtain a Financial Instrument Global Identifier (FIGI), enabling professionals who use the Bloomberg Terminal to research its offering and execute trades. The company connects investors with businesses that need to borrow money in order to plug temporary gaps in their cash flow. On its website, Cadence says the minimum investment amount is $500, giving consumers…

Bitcoin Adoption Is Ghost: Hardly Anyone Uses BTC for Payments, Bloomberg Says

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An analytical company Chainalysis shows that hardly anyone utilizes Bitcoin as means of payment, preferring to see it as a store of value and ‘hodl’ In spite of the recent massive price surge, Bitcoin seems to have a problem that few are aware of. An analytical firm Chainalysis Inc. from New York has recently shown that merely 1.3% of economic transactions were made by merchants in the first quarter this year. Bloomberg says that this amount has remained the same over the last few years. The current pace of adoption…

Bitcoin Bulls Count on 2020 Halving to Give BTC Price Massive Push: Bloomberg

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Bitcoin halving takes place every few years to prevent Bitcoin value from inflation, analysts and bulls point out that after each of those events Bitcoin price experienced a substantial rally Halving or ‘halvening’ happens every few years – as soon as new 210,000 blocks are mined. When it takes place, the rewards of miners are cut down in half. As per the recent Bloomberg article, crypto bulls are already rubbing their hands in anticipation. Bitcoin miners’ reward will diminish The reason is that after the previous two halvings Bitcoin quotes…