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A new wave of institutional interest has boosted bitcoin. Here are the key players getting involved, from JPMorgan to PayPal.


A new wave of institutional interest has boosted bitcoin. Here are the key players getting involved, from Morgan Stanley to Tesla.
hrobertson@businessinsider.com (Harry Robertson)
© NurPhoto/Getty Images
Tesla and its boss Elon Musk have been key drivers of bitcoin-mania NurPhoto/Getty Images
Bitcoin hit a record high of close to $62,00 on Saturday as interest in the currency continued to soar.
A diverse group of firms are now moving into cryptocurrencies, from Morgan Stanley to Tesla.
Analysts say institutional interest is driving prices higher and adding legitimacy to crypto assets.
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Bitcoin jumped to a record high of close to $62,000 on Saturday, with many analysts pointing to a new wave of institutional interest as the driver. ....

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Fintech firm Square is now running its own bank


Fintech firm Square is now running its own bank
CNN
3/2/2021
By Clare Duffy, CNN Business
© Jin Lee/Bloomberg/Getty Images
Square, a credit card reader made for smartphones, is plugged into an Apple Inc. iPhone for a photograph in New York, U.S., on Monday, Oct. 25, 2010. Square Inc. s mobile-payment technology allows smartphone users to make credit card payments and the availability of funding for new ventures. Photographer: Jin Lee/Bloomberg via Getty Images
Square, the financial payments firm run by Jack Dorsey, launched an in-house bank that it says will allow it to operate more nimbly in an increasingly crowded fintech market. ....

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