It seems that Morgan Stanley may be working on its crypto initiatives. The financial industry giant is currently watching how the situation with Fidelity unfolds.
The new bill by Wyoming classifies digital assets as property while legalizing its uses in other blockchain-based financial services.
Mike Novogratz has announced once more that he is confident bitcoin will become a store of value in future even overtaking gold for that purpose to become the ultimate digital gold.
Mike Novogratz, the chief executive of the TSX-listed Galaxy Digital, made a surprising remark that came straight out of left field saying that he doesn’t understand why large macro funds don’t have a 1% position in Bitcoin (BTC).
Despite the persistent crypto winter, a panel of financial markets analysts in Australia predicted that Bitcoin will rise by over 80% throughout 2018 fueled by several short-term catalysts.
Financial services provider Fidelity has revealed that its long-awaited crypto trading and custody platform is at its final testing stage.
After weeks of stability, in the past week alone, Bitcoin (BTC) has collapsed under $4,500 in a surprising bout of selling pressure. So, many have claimed that the crypto market has been struggling, and that’s even putting it lightly.
BitGo recently added the Gemini Dollar (GUSD) to its list of stablecoin offering citing huge demand from institutional players.
Novogratz said that the arrival of institutional players has taken a little longer than expected. As a result, he cuts down on Bitcoin price prediction to below $10000 by the year-end.
Fidelity will be leveraging its huge expertise and technology in launching the cryptocurrency institutional-grade products and custody solutions.