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Potential Fed Tightening Driving Short Term Crypto Sentiments: Analyst
The digital currency ecosystem has continued to experience volatility, with a declining market capitalization sweeping across the board. An analyst suggests the crypto market is still subject to Federal Reserve’s continuous quantitative tightening policy.
Bitcoin Lightning Network Would be Practical for Small Payments than Debit Cards, Morgan Stanley Says
The Bitcoin Lightning Network attracts fees close to zero, so it becomes more practical to use it when undertaking small payments than a debit card, according to leading investment bank Morgan Stanley.
Metaverse Seen to Bring in Big Investments, Says Morgan Stanley
The metaverse is a booming investment topic, Morgan Stanley said in a research note, and stock sectors are already making the most of it.
Cryptocurrency Is Not Just A Passing Fad: Morgan Stanley CEO
Although Morgan Stanley CEO, James Gorman, has revealed that cryptocurrency is not a large part of the bank’s business, he admitted that it is not a fad that will fade away.
Morgan Stanley Sees Crypto-Focused Bank Silvergate Shares Gain Up To 52% Rise on Positive Business Update
Morgan Stanley believes that the shares of crypto-focused bank Silvergate bank are underrated and gives a fresh valuation of the stocks owned by Silvergate.
Morgan Stanley Buys Up To $40 Million Worth of Grayscale Bitcoin Trust Shares
Morgan Stanley recently bought more shares in Grayscale Bitcoin Trust to expand its allocation in Bitcoin investment. The move indicates a continued and ever-increasing position in crypto-related assets.
Banking Giant Morgan Stanley Purchases 28,289 Shares of Grayscale Bitcoin Trust
According to the U.S. Securities and Exchange Commission's document, the US leading investment bank Morgan Stanley is buying 28,289 shares of Grayscale Bitcoin Trust through its European Opportunity Fund.
Digital Euro Will Pull Out Traditional Bank Deposits by 8%, Says Morgan Stanley
The advent of the Digital Euro may spark a reduction in cash deposits by 8%, estimated by Morgan Stanley.
Swiss Banking Giant UBS to Offer Crypto Services to its Clients
UBS is reportedly planning to offer crypto investment services to its customers.
Morgan Stanley in Talks to Acquire Multi-Million Dollar Stake in Bithumb Crypto Exchange
Morgan Stanley is reportedly in talks with Bithumb South Korea-based crypto exchange to acquire a multi-million-dollar stake in the exchange.