#Wall Street News

Morgan Stanley Buys Over 28,000 Shares of Grayscale Bitcoin Trust

Morgan Stanley Creates New Crypto Research Team Headed by Sheena Shah

September 16, 2021 by Anthonia Isichei at Bitcoin

Major US bank Morgan Stanley, is establishing a new cryptocurrency team, as more financial institutions in the US continue to dive into the cryptocurrency industry. Morgan Stanley Serious About Crypto According to Bloomberg, the Wall Street banking giant chose Sheena Shah as the lead analyst for the bank's cryptocurrency research...

Wall Street Meets Blockchain: Onomy Protocol Builds Financial Infrastructure for CeFi to DeFi Migration

June 17, 2021 by Ogwu Osaemezu Emmanuel at DeFi

Ignited by the emergence of digital assets and blockchain networks, Wall Street and the world’s financial markets are in the midst of a revolution, whether they realize it or not. Legacy institutions are in a race against the clock to adapt and integrate this new technology before it completely disrupts...

World’s Largest Asset Management Firm $6.3 Trillion Blackrock Set to Join Bitcoin Bandwagon

SEC Filing Shows BlackRock Held Bitcoin Futures Earlier this Year

April 1, 2021 by Aisshwarya Tiwari at Bitcoin

U.S.-based multinational investment corporation BlackRock is pretty much in the bitcoin (BTC) market. BlackRock Enters the Bitcoin Fray Major investment firm BlackRock has seemingly started to wet its feet in the BTC market. Per recently filed regulatory filings, BlackRock held close to $360,457 in CME bitcoin futures contracts earlier this...

MicroStrategy Raises $1.05 Billion to Boost Bitcoin Offering

February 20, 2021 by Wayne Jones at Bitcoin

MicroStrategy Inc. boosted its convertible debt sale to purchase Bitcoin by nearly half and cut the coupon to 0%, making it virtually a straight bet on the price of Bitcoin. Microstrategy's Keen Investment in Bitcoin The company already has nearly 72,000 bitcoins as of February 2. Based on the price...

Winklevoss Brothers Continue Being Positive for Mainstream Crypto Adoption

Wall Street Banks Gradually Being Open Towards Bitcoin

February 12, 2021 by Anthonia Isichei at Bitcoin

Contrary to previous scepticism about bitcoin expressed by Wall Street banks, recent developments indicate that traditional financial institutions are more open-minded about the largest crypto asset, with some considering offering bitcoin services. JPMorgan Could Offer Bitcoin Trading Upon Clients Demand In an interview with CNBC, Daniel Pinto, co-president and chief...

U.S. Treasury Secretary Janet Yellen Convenes Meeting to Discuss Stablecoins

Speculations From the OCC Allowing Banks to Handle Stablecoin Payments

January 6, 2021 by Wayne Jones at Regulation

The Office of the Comptroller of the Currency (OCC) recently approved the use of stablecoins for banks to process financial transactions. However, issues arose from the new OCC guidelines on what this could mean for the entire crypto community and stablecoins, even in the future. Speculations on the New Guidelines...

Fidelity Investments Set to Reward Employees in Cryptocurrency

November 28, 2019 by Aisshwarya Tiwari at Bitcoin

Wall Street titan Fidelity Investments is poised to reward its employees in cryptocurrencies, per a report by Finance Magnets, November 27, 2019. Making Crypto an Everyday Phenomenon One of the largest financial institutions in the world by reported assets under management (AuM) - Fidelity Investments – is reportedly rewarding its...

Wells Fargo Plans Blockchain-Based Internal Settlement Services

September 18, 2019 by Anthonia Isichei at Blockchain

The world’s fourth-largest bank, Wells Fargo, announced plans to use its digital token to pilot internal settlement services, which would run on its distributed ledger technology (DLT) platform. Per the press release September 17, 2019, the pilot project is expected to take off in 2020 and would initially focus on...

Bitcoins Scratching Head Stone Wheel Wall Street

Ten Years after Lehman Brothers Sunk, Wall Street Comes Full Circle on the Back of Bitcoin

September 15, 2018 by Liam J Kelly at Bitcoin, Commentary, Exchange, Finance, News, Regulation

Ten years after Lehman Brothers filed for bankruptcy in 2008, a host of new financial offerings is hoping to entice sullied investors back into the market. The task hasn’t been easy, however. The financial crisis that spawned Bitcoin has left enough emotional damage to keep those with a keen sense...

Finance Pros Hop On Bitcoin Bandwagon: Dump Wall Street For Crypto

Wall Street Executives are Moving Into Crypto, Optimistic over the Long-Term

June 1, 2018 by Joseph Young at Altcoins, Bitcoin, Ethereum, Finance, News

Executives at Deutsche Bank AG, Goldman Sachs, BlackRock, and Barclays have resigned from their high-paying and stable careers to enter the cryptocurrency market in 2018, after finding better opportunities in the rapidly and exponentially growing blockchain industry. BlackRock Investor’s Story Asim Ahmad, a former trader at BlackRock, resigned from the...

Chain Inc. Raises US$30 Million from Wall Street Companies

September 23, 2015 by Joseph Young at Finance, News, Tech

Chain Inc., a San Francisco-based blockchain software company has raised US$30 million from Wall Street companies and investment banks, including Visa Inc., Citi Ventures and NASDAQ Inc, to enable institutions “to design, deploy, and operate blockchain networks that can power any type of asset in any market.” Chain Inc. aims...