Wall Street investment megabank Morgan Stanley has been actively betting on digital currencies in recent months and has now decided to increase its exposure to Bitcoin with a large investment in the Grayscale fund. According to public documents from the Securities and Exchange Commission (SEC),
In a recent report, Bank of America highlighted some of the main advantages that El Salvador can have from adopting Bitcoin as a legal tender. Among them, they highlighted the possibility of opening business channels with foreign companies, such as those in the United States.
According to Forbes, JPMorgan Chase has opened up Bitcoin, Bitcoin Cash, Ethereum and Ethereum Classic fund offerings to its retail customers. With the initiative, the banking giant becomes the first major US bank to provide digital currency funds to all clients in the wealth management
The leading global financial institutions have released a report calling on central banks to work together to achieve “interoperability” between their digital currencies. The document, published on Friday (9), was prepared by the Bank for International Settlements (BIS), the International Monetary Fund (IMF) and the
Environmental concerns prompted Elon Musk to back down on Tesla’s acceptance of Bitcoin. However, a recent report revealed that Bitcoin (BTC) consumes less energy than traditional financial industries. The document was prepared by the consulting firm Galaxy Digital, which supports Bitcoin. In it, the company
In recent months, the United States banking giant Goldman Sachs Inc. has devoted more attention to Bitcoin. After “repudiating” Bitcoin as a form of investment in May 2020, the financial institution started to reconsider its position on cryptocurrency. In early March, for example, the bank
According to bank of america, for the first time in more than a year, global investment managers are more worried about the risk of inflation on markets than they are about the risk of Covid-19, a survey released on Tuesday found, as Wall Street looks
The giant banking company Citi has produced a new report, suggesting that bitcoin could become an “international trade currency” as it evolves. The report, entitled “Bitcoin: at the Tipping Point”, maps the evolution of the cryptocurrency: from a form of payment to its current value