Morgan Stanley creates even more institutional pathways for investors to gain Bitcoin exposure Increasing number of Wall Street firms offering their richest clients exposure to Bitcoin, the nascent asset class One of the world’s largest banks, Morgan Stanley (+3.35%) has purchased some 28,289 shares of Grayscale Bitcoin Trust, through its Europe Opportunity Fund, according to a regulatory […]
Cathie Wood lends her name to fresh U.S. Bitcoin ETF application U.S. Securities and Exchange Commission has been reluctant to approve a Bitcoin ETF over concerns of manipulation and oversight That the age of the average analyst at Cathie Wood’s ARK Investment Management is under 35 should say everything about the ethos of the […]
U.K. Financial Conduct Authority bans regulated Binance Markets Ltd. from conducting any regulated activity in the United Kingdom FCA move is cynical especially given that the vast majority of U.K. residents trade with Binance.com and attempts by Binance to work within a regulatory framework will be discouraged given the recent ban of its FCA-regulated entity […]
DeFi takes a beating alongside general decline in cryptocurrency prices DeFi tokens are particularly susceptible as high yields no longer sustainable when speculative demand drops and DeFi will need to develop applications outside of pure borrowing and lending to speculate on other cryptocurrencies It was the hottest trade of last summer – decentralized finance […]
MicroStrategy’s Bitcoin junk bonds do not give an investor any actual upside on Bitcoin Shares of MicroStrategy (-0.13%) may be a better way for institutional investors to gain Bitcoin exposure while hedging against risk For as long as institutional investors have been trying to participate in some sweet Bitcoin action, there have been costly vehicles to […]
Technical price chart analysts will note that Bitcoin has re-formed a “death cross” which could see the cryptocurrency’s price head lower Limitations for analyzing Bitcoin on a technical level remain, with past incidences of the “death cross” being formed a prelude to sharp rebounds and rallies Two weeks ago, Bitcoin’s “death cross” formed – […]
China cracks down hard on its cryptocurrency mining sector, with more provinces feeling pressure from Beijing to take action against the industry Longer term the Chinese crackdown will ultimately be a good thing for Bitcoin, with mining activity overconcentrated in China and the shift to renewable energy better for its longevity It may come […]
U.S. cryptocurrency exchange Kraken reveals that it is considering a 12-18 month timeframe for IPO Market conditions may be favorable at the time for Kraken’s prospective IPO if institutional adoption kicks off Investors in Coinbase Global’s (+1.14%) direct listing can’t be a happy lot. Expectations were high that when America’s largest cryptocurrency exchange was listed […]
Rising majority of Wall Street fund managers believe that Bitcoin is in a bubble, despite recent pullback in prices Wider institutional embrace of cryptocurrencies by Wall Street names betrays their overt calls that Bitcoin and cryptocurrencies are in a wider bubble and may be symptomatic of the recent shift in influence from professional money managers […]
Bitcoin clears US$40,000 and rises to highest level in over two weeks Key technical resistance levels will need to be breached for another run back to US$50,000, greater institutional adoption and potential for U.S. Bitcoin ETF remain strong bullish factors With more twists and turns than a daytime soap opera, like Bitcoin through the blockchain, […]