(Feb 15): Signs of a widening embrace across the financial services industry sent Bitcoin to new heights, with the cryptocurrency closing in on US$50,000 for the first time.
A week after Tesla announced its US$1.5 billion investment in Bitcoin, the digital asset has kept making inroads into traditional finance, with the latest being news that an investment unit of Morgan Stanley is considering whether to bet on Bitcoin.
And there’s evidence that more companies are beginning to add services for cryptocurrencies an asset class that is still lightly regulated and controversial among policymakers. On Thursday, BNY Mellon said it’s formed a new team that’s developing a custody and administration platform for traditional and digital assets. Mastercard Inc. has also said it will begin allowing cardholders to transact in certain cryptocurrencies on its network.
Signs of a widening embrace across the financial services industry sent Bitcoin to new heights, with the cryptocurrency closing in on $50,000 for the first time.
Signs of a widening embrace across the financial services industry sent bitcoin to new heights, with the cryptocurrency closing in on US$50,000 for the first time before falling back.
A week after Tesla announced its US$1.5 billion investment in bitcoin, the digital asset continues to make inroads into traditional finance, including news that an investment unit of Morgan Stanley is considering whether to bet on bitcoin. Canada also approved the first North American bitcoin exchange-traded fund.
And there is evidence that more companies are beginning to add services for cryptocurrencies an asset class that is still lightly regulated and controversial among
Morgan Stanley may bet on Bitcoin in US$150B investment arm bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.