• markets report bitcoin price
    Bitcoin,  Markets Report

    Markets Report: Bitcoin price hits $59K after Morgan Stanley rumors flood media

    Claims which first appeared in CNBC point to Morgan Stanley becoming the first major bank to offer Bitcoin fund exposure

    After a lingering closer to $50,000 support, Bitcoin saw a boost as mainstream media reported a market entry soon to come from Morgan Stanley. According to unnamed sources talking to CNBC, the bank will provide wealthy clients with $2 million or more in assets exposure to three Bitcoin funds.

  • Uncategorized

    Breaking ground, Morgan Stanley offers Bitcoin funds to wealthy customers

    Offered by a major bank, the three funds from Galaxy Digital, FS Investments, and NYDIG are another step towards the mainstreaming of Bitcoin

    In a first by a big bank, international investment bank Morgan Stanley announced that is offering certain wealthy customers access to Bitcoin funds. According to a March 17 CNBC report, Morgan Stanley will offer funds from Galaxy Digital, FS Investments, and New York Digital Investment Group as part of its wealth management service.  Morgan Stanley, which has $4 trillion in assets under management, reportedly told its financial advisors in an internal memo today that it intends to offer the funds exclusively to customers it feels have “aggressive risk tolerance” as well as at least $2 million on account with the bank. Investment forms will need accounts of at least $5…

  • visa spend crypto 70 million merchants
    Bitcoin,  Technology

    Visa CEO: We’ll let you spend crypto at 70 million merchants

    Al Kelly said Visa wants to be an intermediary between crypto holders and merchants—the role Satoshi Nakamoto sought to eliminate with Bitcoin

    “We’re trying to do two things,” Kelly said. “One is to enable the purchase of bitcoin on Visa credentials.” The second, he added, is “working with bitcoin wallets to allow the bitcoin to be translated into a fiat currency” that can be immediately “used at any of the 70 million places around the world where Visa is accepted.”

  • Arthur Hayes arrest
    Regulation

    Arthur Hayes agrees to arrest on Bank Secrecy charges

    The former CEO of the BitMEX crypto derivatives exchange will turn himself in to U.S. authorities, be released on bail and allowed to return to Singapore

    Benjamin’s filing with the court noted that after “extensive discussions” Hayes and the DoJ agreed to a $10 million bond secured by $1 million in cash, to be co-signed by his mother. In a very unusual agreement, Hayes will be allowed to retain his passport and reside in Singapore during the trial, returning as needed. He will sign a waiver of extradition form.