Financial investment services

US Treasuries at ‘tipping point’: Stock-bond correlation shifts as fixed-income market issues recession warning

Bonds and stocks could return to their usual relationship, a boon for investors with a traditional mix of assets in their portfolios as the United States fears a recession this year. “At the end of the day, correlation has now reverted to more traditional correlation, where stocks and bonds don’t necessarily move together,” said Kathy …

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Crypto platform Bitzlato accused of laundering over $700 million in illicit money

US authorities have designated the cryptocurrency exchange Bitzlato Ltd. as a primary money laundering firm and accused its founder of allegedly facilitating money laundering for criminals. The Treasury Department named Bitzlato under a section of the USA Patriot Act, a law used to combat money laundering and terrorist financing, for allegedly laundering illicit funds for …

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Bahamian Regulator Says It Seized $3.5 Billion in FTX Crypto Assets

Bahamian securities regulators said they seized digital assets worth $3.5 billion from local FTX operation in mid-November as the cryptocurrency exchange headed for the collapse, a figure that US executives at FTX cast doubt on Friday. Christina Rolle, executive director of the Bahamian Securities Commission, said in an affidavit released Thursday that the commission seeks …

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Bitcoin has a big week ahead of it. Traders see $8,500 as more likely than $34,000.

Bitcoin and other cryptocurrencies were little moved on Monday ahead of what could be a big week. The crypto continues to languish following the painful bankruptcy of exchange FTX last month, with market participants increasingly bearish on the outlook. Bitcoin price fell 0.4% in the past 24 hours to $17,033. The biggest crypto continues to …

Bitcoin has a big week ahead of it. Traders see $8,500 as more likely than $34,000. Read More »