Suvashree Ghosh
Reporter at Bloomberg News
Reporting on @crypto for Bloomberg News. All views my own, RTs not endorsements.
Articles
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2 days ago |
bloomberg.com | Muyao Shen |Suvashree Ghosh
(Bloomberg) -- A platform dedicated to highly speculative cryptoassets is planning to raise $1 billion by selling tokens, taking advantage of the current wave of positive sentiment buoying digital-asset markets. Pump.fun, which has been compared to the edgy 4chan social media network, allows users to quickly create, promote and sell memecoins, a type of token often associated with jokes and memes and sometimes with celebrities and US presidents.
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2 days ago |
bloomberg.com | Suvashree Ghosh
Suvashree Ghosh examines some reasons why it makes sense for Tether not to prioritize the US market. Tether Holdings SA Chief Executive Officer Paolo Ardoino said in an interview with Bloomberg TV last month that the firm’s “main interest” will remain outside the US.
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1 week ago |
bloomberg.com | Suvashree Ghosh
Photographer: Paul Yeung/Bloomberg(Bloomberg) -- Cantor Fitzgerald LP kicked off a $2 billion Bitcoin-backed lending initiative by providing financing to crypto firms FalconX Ltd. and Maple Finance, according to the three companies. Digital-asset prime broker FalconX said it had closed a Bitcoin-backed financing facility that’s part of a “broader credit framework” with Cantor, through which it plans to draw more than $100 million.
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2 weeks ago |
news.bloomberglaw.com | Suvashree Ghosh
Some of Wall Street’s top banks are exploring whether to jointly issue a stablecoin, according to a report by the Wall Street Journal, citing people familiar with the matter. The talks have been with companies co-owned by JPMorgan Chase, Bank of America, Citigroup, Wells Fargo and other large commercial banks, the report said, citing the people. The discussions are in early, conceptual stages and a final decision would depend upon stablecoin legislation and demand for such tokens, it said.
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2 weeks ago |
news.bloombergtax.com | Suvashree Ghosh |Sidhartha Shukla
Bitcoin surpassed $111,000 for the first time, with traders increasingly bullish on the prospects of the original cryptocurrency amid mounting institutional demand and support from Donald Trump’s administration. Bitcoin climbed as much as 3.4% on Thursday to hit a record of $111,980, before paring some of the increase. Smaller tokens also rose in a broad rally, with second-ranked Ether at one point up about 7.3%.
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