Larry Fink news

World latest news

Black(Rock) Monday: Larry Fink and the $6.2 Trillion Liquidity Conundrum

By CCN: Amongst the litany of bearish naysayers, one bullish voice still screams louder. Larry Fink, the CEO of the world’s largest asset manager – BlackRock – is sticking firmly to his forecast that there is no bogeyman waiting to slaughter the US stock market. BlackRock Not Worried About Recession Battering Stock Market The billionaire investor made his comments to Handelsblatt. Mr. Fink, it seems, is not perturbed by the much-publicized “Fed Pause”: “I see no signs of a global recession in the coming 12 months… The central banks have loosened their policy above all because of the weak fourth The post Black(Rock) Monday: Larry Fink and the $6.2 Trillion Liquidity Conundrum appeared first on CCN
CCN

Dow Jones: Larry Fink Reveals Key Factor That Should Silence the Bears

By CCN: Throughout the past month, the Dow Jones Industrial Average has overcome significant adversity to recover by nearly 1,000 points. However, despite surging nearly 4 percent to Tuesday’s close at 26,452.66, strategists have struggled to identify strong catalysts that could propel the DJIA further toward its all-time high. Now, Larry Fink says he has the answer. Larry Fink: Stock Market Has Room to Run Since Funds Continue to See Outflows Speaking to FT, Fink – the CEO of $6 trillion asset manager BlackRock – said that despite the stock market’s strong recovery from its last 2018 lows, investors remain The post Dow Jones: Larry Fink Reveals Key Factor That Should Silence the Bears appeared first on CCN
CCN

Bitcoin Non-Believer BlackRock CEO Larry Fink Promotes Another Crypto Basher Mark Wiedman

There have been numerous tales and conspiracy theories about how big businesses don't like crypto as it will break their existing setup. Most take these as what they are, theories. However, as there is no smoke without fire, there is an iota of truth behind the rumors. For example the CEO of BlackRock, Larry Fink is a known crypto skeptic. And now Fink has seen it fit to promote Mark Wiedman, senior managing director, to oversee all of the international operations of the company. The move is seen by many as setting up Wiedman to take on more responsibility later. A Powerplay? At the helm of BlackRock, the world’s largest asset manager, and ETF provider is Fink who, in his late sixties, seems to show no signs of slowing down. With over $6 trillion in asset management when the current CEO does decide to call it time, he would no doubt look at someone with a similar outlook. Wiedman has repeatedly confirmed that he agrees with his boss about Cryptos. And his latest portfolio will see him actively help to shape the company strategy and global corporate plans. It also makes Wiedman one of six board members who will eventually succeed Larry Fink. Larry Fink Says Bitcoin Too Erratic Fink has been rather open and frank about his distrust of bitcoin. Calling out the whole asset class as illegitimate, he has cited three main concerns to back up his claim. The infamous erratic price swings, the mostly anonymous nature of the market and the unregulated playing field make him feel he has a case. These are genuine concerns that are slowly being addressed. After the high volatility was seen last year, the past few weeks have been as stable as most of the market. Governments the world over are aware of the lack of regulations and are moving to rectify this. Perhaps in response, Fink recently said in an interview “I wouldn’t say never — when it’s legitimate, yes, It will ultimately have to be backed by a government.” A shrewd way of addressing the anonymity concern as all governments would like to be able to trace the money. Mark Wiedman Says He Doesn't See The Point Wiedman follows on his boss and mentors steps, closely. He says he would not advise his clients to get into crypto, in any case, he doesn’t see the point of a bitcoin ETF. He has historically been a skeptic, telling the news outlet, Bloomberg in 2017, “I don’t quite get the point of a bitcoin ETF, If bitcoin is ever successful, I wouldn’t recommend it. But if it were [successful], why would you need an ETF to access it?” Strict SEC Cant Smother Hope The concerns of Blackrock are similar to that of the Securities and Exchange Commission. In fact, insofar, no investment groups application has found success. Repeated requests have met with rejections, citing that the application has been unable to viability demonstrate how it would prevent fraud and market manipulation. Jay Clayton, the SEC chairman has time and again stated that this sort of tough love is essential for the fledgling industry. While the SEC rejects up to 9 applications a month, some have not lost hope. Crypto market players are optimistic that the first-ever bitcoin ETF is around the corner. Gabor Gurbacs, director of the market strategy at VanEck, is confident that his firm will be the first to cross the line. Talking about the demand for such an instrument he says “It’s fairly certain to us that America wants a bitcoin ETF. We think that we’ve met all market structure obstacles and requirements on pricing, custody, valuation, and safekeeping, so we are cautiously optimistic.” The key operative should be cautious, the SEC has already delayed their answer more than a couple of times and now a decision on VanEck’s bitcoin ETF application is expected by the 27th of February. A similar story played out for the Winklevoss twins who had to drag their feet around for over a year before finally being told no by the governing body. All concerns about a nascent industry need to be properly assessed. It should also be understood that those at the very top are people not fully familiar with the technology and would naturally be risk-averse. Thus only by addressing concerns and patiently waiting can this field truly prosper.
Bitcoin Exchange Guide

BlackRock’s Anti-Bitcoin CEO Larry Fink’s Heir is Crypto Critic Mark Wiedman

Larry Fink, the anti-bitcoin CEO of BlackRock (world’s largest asset manager controlling $6.29 trillion), promoted senior managing director Mark Wiedman to oversee all of the firm’s international operations. Like his boss, Wiedman is a vocal crypto critic. The new role makes Wiedman an heir apparent to the top job at BlackRock, the world’s largest asset manager and The post BlackRock’s Anti-Bitcoin CEO Larry Fink’s Heir is Crypto Critic Mark Wiedman appeared first on CCN
CCN

No Bitcoin ETF Until Industry Becomes Legitimized, Says BlackRock CEO Larry Fink

BlackRock doesn’t have any plans to launch a Bitcoin Exchange Traded Fund (ETF) any time soon. Company CEO Larry Fink says a Bitcoin ETF will only emerge when the industry becomes legitimized. BlackRock Has No Bitcoin ETF Plans at the Moment According to CNBC, Fink says his company isn’t interested in launching a cryptocurrency ETF. Speaking in Manhattan on Thursday (November 1, 2018) at the New York Times Dealbook Conference, he says the industry has to mature before BlackRock would consider such a move. Commenting on the matter, Fink said: I wouldn’t say never, when it’s legitimate, yes. Echoing Fink’s comments, Reggie Browne, the “godfather of ETFs,” said an SEC-approved BTC ETF in 2018 was highly unlikely. Also speaking on Thursday, this time at the Financial Markets Quality Conference at Georgetown University, Browne said: It’s very difficult for the commission to wrap their heads around a positive approval because there’s no data yet. The markets just aren’t here. So far, the United States Securities and Exchange Commission (SEC) hasn’t issued approval for any BTC ETF submission. For the Commission, issues surrounding market manipulation, volatility, and lack of trusted custodians continue to stand in the way of any SEC-approved cryptocurrency ETF. After issuing a raft of rejections against BTC ETF applications, the Commission recently sought additional feedback about the VanEck/SolidX Bitcoin ETF – one of the rejected submissions. Questions concerning market manipulation formed the primary basis of the Commission’s request for clarification. Concerning legitimizing the market, Fink believes that day may come in the future. However, the BlackRock CEO says legitimacy will come at the cost of independence. Speaking further on the subject, Fink said: It will ultimately have to be backed by a government. I don’t sense that any government will allow that unless they have a sense of where that money’s going for tax evasion and all of these other issues. Blockchain Believer Where Fink isn’t yet sold on cryptocurrencies, with blockchains, the story is the complete opposite. According to the BlackRock CEO, the company is bullish on the prospects of the emerging technology, especially in the area of applying the technology to the mortgage industry. Speaking further, he noted: We are a huge believer in blockchain. The biggest use for blockchain will be in mortgages, mortgage applications, mortgage ownership, anything that’s labored with paper. What is your earliest forecast for the first SEC-approved Bitcoin ETF? Let us know your thoughts in the comment section below. Images courtesy of Shutterstock. The post No Bitcoin ETF Until Industry Becomes Legitimized, Says BlackRock CEO Larry Fink appeared first on Live Bitcoin News.
Live Bitcoin News
More news sources

Larry Fink news by Finrazor

Trending

Hot news

Hot world news

CRYPTO.COM CEO Answers Your Questions on Bitcoin, Lending, Debit Cards & More

Kris CEO of Cryptodotcom joins me to answer your questions on Bitcoin, lending, staking security, crypto, debit cards, and much more. SIGN UP TO CRYPTOCOM - $50 FREE CRYPTO (50 MCO stake) https://platinum.crypto.com/r/v4fvb8ee7m This is the code v4fvb8ee7m Disclosure: This is an unpaid interview for a project that was deemed worthy of research time, recording and posting for educational purposes. Furthermore, I am an affiliate and a big fan of crypto.com RECOMMENDED SERVICES LONG AND SHORT BITCOIN ON BYBIT https://www.bybit.com/home/en/index.html?affiliate_id=1378&group_id=0&group_type=1 (please note margin trading is high risk and is only for experienced traders) HOW TO USE BYBIT https://www.youtube.com/watch?v=dWjNNrBX5ZA TRADE WITH THE PROS ON ETORO https://etoro.tw/36wDtSU GET 20% OF TRADING FEES BACK ON BINANCE https://www.binance.com/en/register?ref=WY7HHPGL GET MY SHIRTS, BEST BITCOIN BOOKS & HARDWARE HERE https://www.amazon.com/shop/thecryptolark BEST BINANCE ALTERNATIVE - KUCOIN https://www.kucoin.com/#/?r=18a8f SAVE BIG ON FEES WITH LVL https://lvl.co/cryptolark/ TAKE YOUR SECURITY SERIOUSLY - GET A HARDWARE WALLET LEDGER NANO https://www.ledgerwallet.com/r/6877 KNOWLEDGE IS POWER - GET THE BEST RESEARCH IN CRYPTO - SIMETRI - https://simetri.cryptobriefing.com/pro/thecryptolark/ CERTIFIED CRYPTOCURRENCY BROKERAGE CALEB & BROWN - Brokerage - Trade OTC like the big guys https://bit.ly/2Feq8F6 AUTOMATE YOUR TRADING FOR MAX SUCCESS (10% DISCOUNT ON FIRST PURCHASE USING THIS LINK) https://3commas.io/?c=tc118488 EARN 6% (8% premium) ON YOUR BITCOIN & GET $50 FREE AFTER STAKING 50 MCO https://platinum.crypto.com/r/v4fvb8ee7m This is the code v4fvb8ee7m EARN 6.2% COMPOUND INTEREST ON BITCOIN & GET $10 FREE BTC https://app.blockfi.com/signup?ref=thecryptolark GET THE BRAVE BROWSER AND EARN CRYPTO https://brave.com/wmd925 BOOK HOTELS WITH CRYPTO ON TRAVALA - GET $50 CRYPTO BACK AFTER FIRST BOOKING OVER $100 https://www.travala.com/ref/8RONFR ****Please note that all of the above are referral links and I will receive a small commission if you sign up using any of these links at no extra cost to you. All referrals are for products that I believe in and use personally. Free Cryptocurrency Course - https://www.thecryptolark.org/ Cryptoholics Anonymous Telegram Chat - https://t.me/thecryptolark SOCIAL MEDIA - These are my only accounts, beware of scammers! TWITTER twitter.com/TheCryptoLark FACEBOOK facebook.com/TheCryptoLark TELEGRAM HANDLE @cryptolark BACKGROUND ART BY Josie Bellini - https://josie.io/ PODCAST - find me on I-tunes "Crypto Waves" https://podcasts.apple.com/us/podcast/crypto-waves-the-crypto-lark-podcast/id1388849217 CONTACT E-mail thecryptolark@gmail.com with business or event inquiries. DISCLAIMER Everything expressed here is my opinion and not official investment advice - please do your own research before risking your own money. This video may contain copyrighted material the use of which is not always specifically authorized by the copyright owner. Such material is made available for research or academic purposes. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, this video is distributed without profit, for research and educational purposes. Thanks for watching; please like, subscribe, and share if you found this useful! #bitcoin #crypto #ethereum #cryptocurrency #neo #elastos #litecoin #eos #ripple #ontology #monero #stellarlumens #cardano #nem #dash #ethereumclassic #vechain #tezos #zcash #dogecoin
Crypto Lark

Crypto Market And Bitcoin Bearish Continuation: BCH, EOS, TRX, ADA Analysis

The total crypto market cap is currently declining and it could test $220.0B support. Bitcoin price is under pressure and it is likely to break the $8,500 support area. EOS price is now trading near the $3.350 support area and showing bearish signs. BCH price failed to stay above the key $280 support and extended its decline. Tron (TRX) price is down more than 4% and it is approaching the $0.0185 support area. Cardano (ADA) price is now trading near the key $0.0420 support area. Bitcoin and the crypto market cap are currently signaling more downsides. Ethereum (ETH), EOS, Tron (TRX), BCH, ripple, ADA and BNB are under a lot of selling pressure. Bitcoin Cash Price Analysis Recently, BCH price started a fresh decrease from the $300 resistance level against the US Dollar. It declined below the $285 support and the bulls even failed to defend the key $280 support area. As a result, the price declined sharply and it is now approaching the $265 and $264 support levels. On the upside, the previous important supports near the $285 and $280 level may now act as a hurdle and prevent a fresh increase in the near term. EOS, Tron (TRX) and ADA Price Analysis EOS price failed to stay above the $3.500 support area and it declined below the $3.400 support. The price is now trading near the $3.350 support area. If there are more downsides, the next stop for the bears might be near the $3.250 level. On the upside, the $3.500 level is likely to act as a strong resistance. Recently, tron price climbed above the $0.0200 resistance area. However, TRX failed to gain strength above the $0.0205 resistance and started a fresh decline. It broke the $0.0200 and $0.0195 levels. It seems like the bears are once again eye the $0.0185 support area. Cardano price failed to continue above the $0.0445 and $0.0450 resistance levels. ADA price is currently declining and it is now trading near the $0.0420 support area. If there are more downsides, the next stop could be $0.0400, where the bulls are likely to appear. Crypto Market Cap Looking at the total cryptocurrency market cap 4-hours chart, there was a steady decline from the $235.0B and $240.0B resistance levels. The market cap declined below the $230.0B level and it seems like there is a risk of another break down towards the $220.0B support area. On the upsides, the $230.0B level is an initial resistance, above which it could test the $240.0B resistance. Crypto Market Cap Overall, there is a risk of more losses in bitcoin, ETH, XRP, TRX, ADA, bitcoin cash, litecoin, EOS, stellar, IOTA, ICX, WAN, and other altcoins in the near term. Crypto Market And Bitcoin Bearish Continuation: BCH, EOS, TRX, ADA Analysis was last modified: November 15th, 2019 by Aayush JindalThe post Crypto Market And Bitcoin Bearish Continuation: BCH, EOS, TRX, ADA Analysis appeared first on NewsBTC.
NewsBTC/analysis
By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.