New York City mayor, Michael Bloomberg, accused certain groups of mounting a ‘smear campaign’ against blockchain analytics firm Chainalysis. Bloomberg’s comments were made in response to recent allegations of improprieties concerning its data security protocols.
Bitcoin’s cycles of volatility are looking different in 2021. According to Bloomberg analyst Jamie Coutts, the digital currency’s price movements have changed, and the trend looks to continue. What’s causing these shifts, and what does it mean for the future of the world’s most popular cryptocurrency?
Kraken, the cryptocurrency exchange, is looking to expand its services in the UK by establishing a derivatives unit. According to Bloomberg, this move is part of their ambition to become one of the top players in the cryptocurrency derivatives market.
Former FTX executive Ryan Salame will plead guilty to federal charges of conspiracy to defraud the IRS, Bloomberg reports. Salame, who was indicted on Mar. 9, faces up to five years in prison.
Crypto analysts at Bloomberg are predicting that the likelihood of the SEC approving a Bitcoin ETF this year is as high as 75%. This comes as institutions continue to embrace digital assets and as demand grows for regulated products to allow investors easy access to the asset class.
The Bitcoin market could soon face a setback in its quest to achieve an exchange-traded fund (ETF), warns Bloomberg, recommending that investors stay wary of the Federal Reserve’s caution when it comes to cryptocurrency investments.
Bloomberg Intelligence analysts have stated that a Bitcoin ETF could launch this week in the U.S., potentially providing a much-anticipated boost to the crypto market. Analysts are optimistic that regulatory approval could pave the way for investors of all levels to participate in the Bitcoin market.
The U.S. Securities and Exchange Commission is reportedly set to approve the launch of Ether futures ETFs, according to Bloomberg. The move could provide more liquidity for the red-hot cryptocurrency asset.