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Top related persons:
Mark Connors - 3 Bitcoin - 3 it's - 2 Connors - 2 It's - 2 Gustavo Schwenkler - 2 bitcoin - 2 3iQ - 1
Top related locs:
BlackRock U.S
Top related orgs:
SEC - 3 BlackRock - 2 Leavey School of Business - 2 Santa Clara University - 2 Coinbase - 2 CNBC - 1 Fidelity - 1 Federal - 1

Search resuls for: "Mark Connors"


7 mentions found


☆ Bitcoin had a big drop late last week. Here's what sparked it, and why that volatility can persist
  + stars: | 2023-08-20 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +4 min
Bitcoin's back to its volatile ways after its big move down late last week — but not for the reason investors expected. Aside from the mismanaged crypto lenders (and FTX) that plagued the crypto market in 2022, the Federal Reserve's inflation-fighting rate hiking campaign played a big part in bitcoin's downward price pressure. "The volatility will have a persistence if we're going to stay here at an elevated real rate environment," he told CNBC. Even if the Fed doesn't raise interest rates anymore, the crypto space seems more focused now on real rates and keeping them elevated to fight inflation. Having institutions with an established long core holding would act as a stabilizing force for Bitcoin, Connors added.
Persons: it's, Mark Connors, 3iQ, We're, headwinds, Connors, It's, that've, Bitcoin, —, Jeff Cox Organizations: CNBC, SEC, Fidelity Locations: BlackRock
☆ Bitcoin gets a sliver of optimism to cap an otherwise dismal week for crypto
  + stars: | 2023-06-17 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +4 min
Coin Metrics measures a week in crypto, which trades 24 hours a day, from the 4:00 p.m. A moment of relief Bitcoin climbed about 4% Friday, but the rest of the week wasn't as sunny. Price action was tepid to start the week and on Wednesday bitcoin briefly fell to a March low. … It's a doubting Thomas market for the next buyer of bitcoin right now. Miner profitability Bitcoin's recent declines may not be entirely on macro and regulatory headwinds, said Yuya Hasegawa, crypto market analyst at Japanese bitcoin exchange Bitbank.
Persons: Bitcoin, Price, Gustavo Schwenkler, it's, bitcoin, Mark Connors, we've, Thomas, Jay Powell, Connors, Yuya Hasegawa, Hasegawa Organizations: BlackRock, SEC, Leavey School of Business, Santa Clara University, Federal, Coinbase
☆ Cryptocurrencies climb to end the week as investors digest BlackRock's bitcoin ETF plans
  + stars: | 2023-06-16 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +2 min
For the week, bitcoin is on track to end just below the flatline, while ether is heading for a 6% loss. Bitcoin was last higher by 4% at $26,419.53, according to CoinMetrics, while ether advanced 3% to $1,718.06. After the bell Thursday, BlackRock — the largest asset manager in the world — filed for spot bitcoin ETF, with Coinbase as its crypto custodian. It's been about 10 years since the first filing for a potential spot bitcoin ETF. The filing comes about a week after the SEC sued its crypto custody partner, Coinbase, for violating securities laws, leaving many questioning the timing of BlackRock's application.
Persons: bitcoin, litecoin, Bitcoin, Gustavo Schwenkler, It's, Mark Connors Organizations: Solana, U.S . Investors, U.S . Securities, Exchange Commission, BlackRock, Coinbase, Leavey School of Business, Santa Clara University, SEC Locations: U.S
☆ Bitcoin keeps wavering between a store of value and a high-risk asset. How investors square that with their traditional investments.
  + stars: | 2023-04-28 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +5 min
"If you make an investment into bitcoin, you understand that this is par for the course, it just is," he told CNBC. "Because bitcoin takes on a lot of asset profiles – risk asset, store of value, VC-like nascent asset class – investing in it is actually really attractive," said Greg King, CEO of investment company Osprey Funds. A very early technology play Looking at the price path on short timeframes, bitcoin will and often does mimic high-risk assets. Ross had a nuanced view, arguing that bitcoin remains a highly volatile asset. New crypto investors often overlook the Bitcoin technology, focusing instead on bitcoin the crypto asset.
☆ Premarket stocks: Banking chaos has been bittersweet for crypto and wine
  + stars: | 2023-03-30 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +8 min
But it also gave the fine wine and crypto industry a big boost as panicking investors rushed out of the financial sector and into alternative assets. Bittersweet banking: SVB lent over $4 billion to winery clients since 1994, with over 400 wine industry clients (including wineries, vineyards and vendors) working with the bank’s premium wine division, according to the bank’s website. Recent SEC filings, meanwhile, indicated SVB had about $1.2 billion in outstanding loans to high-end wine clients when the bank collapsed. Circle, the company behind popular stablecoin USDC, said it had about $3.3 billion of its $40 billion in reserves at SVB. The collapse of Signature Bank, a major crypto lender, also had serious implications for the industry.
☆ 2 Crypto lender BlockFi files for Chapter 11
  + stars: | 2022-11-28 | by ( ) www.reuters.com   time to read: +4 min
It listed crypto exchange FTX as its second-largest creditor, with $275 million owed on a loan extended earlier this year. COMMENTS:MARTHA REYES-HULME, HEAD OF RESEARCH, BEQUANT, LONDON"The BlockFi bankruptcy is a sad chapter in the short history of our industry that has forced participants to be more mindful of risk management, counterparty risk, and governance. MONSUR HUSSAIN, SENIOR DIRECTOR, FITCH RATINGS, LONDON“BlockFi’s Chapter 11 restructuring underscores significant asset contagion risks associated with the crypto ecosystem, and, potentially, deficient risk management processes. It was yet another example of neglected risk management when prices were going up, as crypto winter hit those that took on the most counterparty risk are getting exposed." "From a customer standpoint it serves as another reminder to be skeptical of any crypto yield products on offer, particularly those that sound too good to be true.
☆ 3 Crypto lender BlockFi files for Chapter 11
  + stars: | 2022-11-28 | by ( ) www.reuters.com   time to read: +6 min
It listed crypto exchange FTX as its second-largest creditor, with $275 million owed on a loan extended earlier this year. MARTHA REYES-HULME, HEAD OF RESEARCH, BEQUANT, LONDON"The BlockFi bankruptcy is a sad chapter in the short history of our industry that has forced participants to be more mindful of risk management, counterparty risk, and governance. MONSUR HUSSAIN, SENIOR DIRECTOR, FITCH RATINGS, LONDON“BlockFi’s Chapter 11 restructuring underscores significant asset contagion risks associated with the crypto ecosystem, and, potentially, deficient risk management processes. The decentralized finance models used proper collateralization and they're intact. It was yet another example of neglected risk management when prices were going up, as crypto winter hit those that took on the most counterparty risk are getting exposed."
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