Bloomberg crypto news
Here are some recent Bloomberg Crypto News articles:
Top Stories
- Bitcoin Rallies Above $50,000 as Inflation Fears Boost Demand: Bitcoin surged above $50,000 for the first time in a month, as investors sought refuge from inflation concerns and a strengthening dollar. (March 15, 2023)
- Ethereum's Merge to Reduce Energy Consumption by 99.9%, Says Developer: The upcoming Ethereum upgrade, known as "The Merge," will significantly reduce the network's energy consumption, according to a developer. (March 14, 2023)
- Crypto Lender Celsius Files for Bankruptcy, Halting Withdrawals: Celsius Network, a popular cryptocurrency lending platform, has filed for Chapter 11 bankruptcy protection, citing a "liquidity crisis" and halting all withdrawals. (July 13, 2022)
Regulatory Updates
- US Treasury Department Proposes New Crypto Reporting Requirements: The US Treasury Department has proposed new reporting requirements for cryptocurrency transactions, aiming to improve tax compliance and combat money laundering. (March 10, 2023)
- SEC Chair Gensler Says Crypto Exchanges Must Register with Agency: SEC Chair Gary Gensler has reiterated that cryptocurrency exchanges must register with the agency to operate legally in the US. (March 8, 2023)
- Japan's Financial Regulator Approves First Crypto-Futures Exchange: Japan's Financial Services Agency has approved the country's first cryptocurrency futures exchange, allowing it to operate legally. (March 7, 2023)
Market Analysis
- Bitcoin's Rally May Be Short-Lived as Inflation Fears Return: Despite recent gains, Bitcoin's rally may be short-lived as inflation fears return and the dollar strengthens, according to analysts. (March 16, 2023)
- Ethereum's Price May Reach $5,000 by End of 2023, Says Analyst: Ethereum's price may reach $5,000 by the end of 2023, driven by the upcoming Merge upgrade and increasing adoption, according to an analyst. (March 15, 2023)
- Crypto Market Cap May Reach $3 Trillion by End of 2023, Says Report: The global cryptocurrency market capitalization may reach $3 trillion by the end of 2023, driven by increasing adoption and institutional investment, according to a report. (March 14, 2023)
Company News
- Coinbase to Launch Crypto-Focused Credit Card in the US: Coinbase is set to launch a cryptocurrency-focused credit card in the US, allowing users to earn rewards in Bitcoin and other cryptocurrencies. (March 10, 2023)
- Binance to Launch Decentralized Exchange for Institutional Investors: Binance is set to launch a decentralized exchange (DEX) for institutional investors, allowing them to trade cryptocurrencies in a more secure and transparent manner. (March 9, 2023)
- MicroStrategy to Sell $500 Million in Stock to Fund Bitcoin Purchases: MicroStrategy, a business intelligence firm, is set to sell $500 million in stock to fund its Bitcoin purchases, according to a regulatory filing. (March 8, 2023)
These are just a few examples of recent Bloomberg Crypto News articles. You can find more articles and news on the Bloomberg website or through their mobile app.