News
The banking coalition reportedly argued in a letter to federal regulators that it would bring stability to the banking industry and reduce the chances of “more bank failures.”
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Bloomberg News
Bloomberg is a privately held company, focusing on financial software, data and media, and was founded by Michael Bloomberg in 1981. Bloomberg Terminal is Bloomberg L.P.’s core revenue-generating product, which is a software system providing users with monitoring and analyzing real-time financial market data and trades, news, and secure messaging. Bloomberg News is one of the most recognizable divisions of Bloomberg L.P., producing content and gathering news, which is broadcast through Bloomberg Terminals, television and radio. Bloomberg News is one of the most popular financial-related media platforms that was quick to recognize the potential of cryptocurrency. Today, Bloomberg cryptocurrency news has a section on the agency’s website where Bloomberg gathers both Bitcoin and altcoin news.
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The pro-crypto bank was reportedly under dual investigations to uncover if it was taking proactive measures to stop money laundering.
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Officials from the government agency reportedly entered Silvergate’s headquarters last week, with discussions revolving around how to salvage the crypto bank.
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Ripple’s CEO Brad Garlinghouse said the SEC’s lawsuit against Ripple is the regulator playing “offense” and “attacking” the industry as a whole.
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The “work has been done” for stablecoin regulation in the U.S., but many in Washington D.C. are feeling “burned” and “betrayed” over the FTX collapse last year.
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It’s a “tricky case,” as it is unknown what obligation these firms had to “completely separate investors,” suggests a crypto lawyer.
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The probe is reportedly looking at certain offerings that Kraken has made to its United States customers that could be in breach of securities laws.
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Moody's is allegedly developing a scoring system for stablecoins, with analysis of up to 20 digital assets.
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The deadline for bidders to submit offers for the Bitcoin-machine-backed loans is Jan. 24.
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UAE’s minister of state for foreign trade Thani Al-Zeyoudi noted that as the country has attracted a lot of talent from the crypto sector.
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Bloomberg analyst Mike McGlone says Bitcoin is forming a bottom similar to how it looked prior to the 2019 bull run — but with one big difference.
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With the Hong Kong Stock Exchange being the only regulated exchange in Asia offering Bitcoin futures ETFs, some believe spot crypto ETF products will soon be allowed.
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The exchanges are yet to finalize the potential merger, with WonderFi releasing a public statement in response to market speculation and a surging share price.
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A third former FTX-linked executive is reportedly considering providing evidence against Sam Bankman-Fried for a more lenient sentence.
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Institutional investors still see a future for Bitcoin and cryptocurrencies despite the epic collapse of FTX and Alameda Research.
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