Volatility in the world’s biggest bond market has finally caught the attention of stock-happy Wall Street.: Here’s your Evening Briefing https://www.bloomberg.com/news/newsletters/2023-08-18/bloomberg-evening-briefing-wall-street-can-t-resist-a-crazy-bond-market?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Your Evening Briefing: Wall Street Can’t Resist a Crazy Bond Market
Get caught up.
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North Korean hackers tried to infiltrate security-related computers to obtain classified information on joint US-South Korean military drills, but were apparently unsuccessful https://www.bloomberg.com/news/articles/2023-08-20/north-korean-hackers-target-us-south-korean-military-drills?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
North Korea Tests Cruise Missile Before US-South Korea Drills
North Korean leader Kim Jong Un oversaw the test-launch of a strategic cruise missile from a naval vessel, the country’s official Korean Central News Agency reported Monday, just as South Korea and the US are set to begin annual military exercises.
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This crypto startup aims to tokenize stocks by playing by the rules https://www.bloomberg.com/news/articles/2023-08-20/crypto-startup-aims-to-tokenize-stocks-by-playing-by-the-rules?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Crypto Startup Aims to Tokenize Stocks by Playing by the Rules
For years, cryptocurrency startups have tried to replicate parts of the US stock market on the blockchain for use by digital-asset investors around the world, often without worrying too much about getting approval from regulators first.
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Bitcoin is falling further and dip-buyers are scarce as rising borrowing costs sap demand for riskier investments https://www.bloomberg.com/news/articles/2023-08-21/bitcoin-btc-price-falls-again-as-rising-bond-yields-repel-dip-buyers?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Bitcoin Extends Losses as Global Jump in Bond Yields Deters Dip Buying
Bitcoin added to losses racked up during the token’s worst week since November last year as the prospect of higher-for-longer borrowing costs saps demand for riskier investments across global markets.
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The captagon threat, Saudi Arabia embraces risk and Turkey's pivot. Read the Middle East newsletter https://www.bloomberg.com/news/newsletters/2023-08-21/captagon-drug-threatens-europe-saudi-arabia-embraces-risk-lira-try-usd-pivot?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
‘Poor Man’s Cocaine’ May Threaten Europe Next
Addiction to captagon, an amphetamine-type pill nicknamed the “poor man’s cocaine,” has been a serious problem in Gulf Arab states — especially among Saudi Arabia’s youth, with one Saudi commentator speaking recently of a “devastating amount of poison” being…
Coinbase, the biggest US crypto exchange, has taken a stake in stablecoin issuer Circle, citing “growing regulatory clarity for stablecoins in the US” and elsewhere https://www.bloomberg.com/news/articles/2023-08-21/coinbase-takes-stake-in-stablecoin-issuer-circle-centre-closes?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Coinbase Takes Stake in Stablecoin Issuer Circle
Coinbase Global Inc., the biggest US crypto exchange, has taken a stake in stablecoin issuer Circle citing “growing regulatory clarity for stablecoins in the US” and elsewhere.
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SoftBank’s Arm prepares biggest IPO of the year. Asia stocks set to climb after big tech rally. BHP profits plunge on China slowdown. Here’s what you need to know today. https://www.bloomberg.com/news/newsletters/2023-08-21/five-things-you-need-to-know-to-start-your-day-llliopbr?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Five Things You Need to Know to Start Your Day
SoftBank’s Arm prepares biggest IPO of the year. Asia stocks set to climb after big tech rally. BHP profits plunge on China slowdown. Here’s what you need to know today.
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Fintech startups are learning that the business of being a bank, once considered stable but boring and too heavily regulated, is now more attractive than ever https://www.bloomberg.com/news/articles/2023-08-22/becoming-a-bank-proves-challenging-for-fintechs-seeking-survival?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Becoming a Bank Proves Challenging for Fintechs Seeking Survival
In an era of soaring interest rates and intense competition, fintechs are increasingly deciding they need to become banks to ensure their longterm survival. They’re also finding that doing so isn’t easy.
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Indian cryptocurrency exchange CoinDCX is reducing its staff by 12%, after the platform’s revenues were hit by an ongoing slump in virtual currency trading https://www.bloomberg.com/news/articles/2023-08-22/indian-crypto-exchange-coindcx-cuts-staff-by-12?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Indian Crypto Exchange CoinDCX Cuts Staff by 12%
Indian cryptocurrency exchange CoinDCX is reducing its staff by 12%, after the platform’s revenues were hit by an ongoing slump in virtual currency trading.
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EDX Markets, the crypto exchange backed by Charles Schwab and Citadel Securities, is moving ahead with Anchorage Digital as its custodial partner https://www.bloomberg.com/news/articles/2023-08-22/citdael-backed-edx-taps-anchorage-to-custody-crypto-as-regulators-crack-down?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Citadel Securities-Backed EDX Taps Anchorage to Custody Crypto
EDX Markets, the crypto exchange backed by Charles Schwab and Citadel Securities, is moving ahead with Anchorage Digital as its custodial partner.
Crypto exchange Binance US is teaming up with MoonPay in an attempt to regain access to a steady flow of dollars https://www.bloomberg.com/news/articles/2023-08-22/crypto-exchange-binance-us-turns-to-moonpay-for-payments-after-us-banks-cut-ties?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Binance.US Looks to Crypto Startup MoonPay as Alternative After US Banks Cut Ties
Crypto exchange Binance.US has faced a series of legal and financial challenges as regulators have increased their scrutiny of crypto companies of all kinds. Now it’s teaming up with another embattled crypto firm in an attempt to regain access to a steady…
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BNB, the crypto at the heart of the Binance exchange ecosystem, is approaching its lowest price level in more than a year https://www.bloomberg.com/news/articles/2023-08-22/binance-s-bnb-token-approaches-more-than-year-low-as-regulatory-pressure-mounts?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Binance’s Token Approaches More Than One-Year Low as Regulatory Pressure Mounts
BNB, the cryptocurrency at the heart of the Binance exchange ecosystem, is approaching its lowest price level in more than a year as controversy swirls around the world’s largest digital-asset trading platform.
Europe finally has a Bitcoin ETF. Did it really need one, @Tanzeel_Akhtar asks in the Bloomberg Crypto newsletter https://www.bloomberg.com/news/newsletters/2023-08-22/jacobi-bitcoin-etf-met-with-social-media-shrugs-thin-trading-bcoin?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
A Bitcoin ETF Debuts, But Traders Aren't Biting
In this issue of the Bloomberg Crypto newsletter, Tanzeel Akhtar explains why a Bitcoin “first” failed to excite:
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BlockFi, FTX and Three Arrows remain locked in a legal battle over billions of dollars in potential repayments https://www.bloomberg.com/news/articles/2023-08-22/blockfi-fights-ftx-three-arrows-over-potential-repayments?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
BlockFi Fights FTX, Three Arrows Over Potential Repayments
Bankrupt crypto lender BlockFi Inc. wants to block attempts by FTX and Three Arrows Capital to get back billions of dollars exchanged between the firms before all three companies unraveled last year.
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This month’s crypto retreat may get worse if key charts for Ether prove prescient https://www.bloomberg.com/news/articles/2023-08-23/bitcoin-btc-rival-ether-s-eth-risky-chart-outlook-stirs-crypto-gloom?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Bitcoin Rival Ether’s Perilous Chart Outlook Adds to Crypto Gloom
This month’s crypto retreat may get worse if key charts for Ether, the second-largest token, prove prophetic.
The 20 members of the Bloomberg New Economy 2023 Class of Catalysts are using grit and technology to build a more equitable, sustainable world https://www.bloomberg.com/features/2023-catalysts-list/?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Bloomberg New Economy Announces 2023 Class of Catalysts
The 20 leaders on the Bloomberg New Economy Catalyst List are building a more equitable, sustainable world.
Mind if I scan your eyeball? https://www.bloomberg.com/news/newsletters/2023-08-23/worldcoin-s-eyeball-scanning-crypto-dream-is-under-threat?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Worldcoin’s Eyeball-Scanning Crypto Dream Is Under Threat
Here’s an update on how the Worldcoin crypto project has fared since its token launch. But first…
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Israeli police accuses businessman Moshe Hogeg and his partners of defrauding investors of $290 million in a cryptocurrency scam https://www.bloomberg.com/news/articles/2023-08-23/israeli-police-accuse-investor-hogeg-of-290-million-crypto-scam?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Israeli Police Accuse Investor Hogeg of $290 Million Crypto Scam
Israeli police accused businessman Moshe Hogeg and his partners of defrauding investors of $290 million in a cryptocurrency scam after a two-year investigation into the former owner of an Israeli Premier League soccer team.
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Copper’s chief marketing officer is leaving the company a little over a year into the role, marking the latest departure from the crypto custodian’s top ranks https://www.bloomberg.com/news/articles/2023-08-23/crypto-s-copper-adds-to-exits-with-marketing-boss-departure?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Crypto Custodian Copper Adds to Senior Exits With Marketing Boss Departure
Copper Technologies Ltd.’s chief marketing officer is leaving the company a little over a year after he was appointed, marking the latest departure from the London-based crypto custodian’s top ranks.
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Two founders of Tornado Cash were charged over allegations they helped launder hundreds of millions for a North Korean cybercrime organization https://www.bloomberg.com/news/articles/2023-08-23/tornado-cash-founders-charged-by-us-in-money-laundering-scheme?utm_source=telegram&utm_content=crypto&utm_medium=social
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Exchange operator Cboe can do future acquisitions and expand its global presence as long as the firm maintains a “flexible balance sheet,” CEO Edward Tilly says https://www.bloomberg.com/news/articles/2023-08-23/cboe-ceo-says-firm-is-open-to-acquisitions-in-open-jurisdictions?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Cboe CEO Says Firm Is Open to Acquisitions in Open Jurisdictions
Exchange operator Cboe Global Markets Inc. can do future acquisitions and expand its global presence due to its “flexible balance sheet,” according to Chief Executive Officer Edward Tilly.
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