Month: June 2021

Morgan Stanley Buys into Grayscale’s Bitcoin Trust

Morgan Stanley Buys into Grayscale’s Bitcoin Trust

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 […]

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U.K. Bans Cryptocurrency Exchange Binance

U.K. Bans Cryptocurrency Exchange Binance

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 […]

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Another Week, Another Bitcoin Death Cross

Another Week, Another Bitcoin Death Cross

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 – […]

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Bitcoin Bubble?

Bitcoin Bubble?

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 […]

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Guess who’s back? Bitcoin!

Guess who’s back? Bitcoin!

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, […]

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