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Turkey Bans Crypto, Bitcoin Value Drops On 4/16/21 at 3:48 PM EDT Bitcoin fell 4.32% in early trading Friday after Turkey banned the use of excessively volatile cryptocurrencies in commerce. Turkey s central bank said Bitcoin and other cryptocurrencies are unregulated and could be used to fund illicit activities. Their use in payments may cause non-recoverable losses for the parties to the transactions and include elements that may undermine the confidence in methods and instruments used currently in payments, Turkey s central bank said. A Missouri man named Jason Siesser has been charged with ordering a chemical weapon that could kill up to 300 people from the dark web using the Bitcoin cryptocurrency. In this photo, a member of the German Chemical Corps, a part of the German military that specializes in anti-nuclear, chemical and biological weapons operations, holds up a rapid tester whose two red lines indicate a positive result for chemical contamination du ....
Surging Crypto Interest from Individual Investors Spurs New Investment Funds On 3/17/21 at 2:11 PM EDT The New York company now manages 14 cryptocurrency investment funds. Investor demand has never been higher, and every day we re seeing new entrants to what has surely become a bona fide asset class, Michael Sonnenshein, Grayscale s CEO, said in a statement. Grayscale has long been the leader in creating novel pathways for investors to access the opportunities that digital currencies may offer, and this announcement carries on that tradition. James Gorman, CEO,, Morgan Stanley Owen Hoffmann / Getty Images In a related action, New York investment bank Morgan Stanley said it would make Bitcoin investments available to select clients, CNBC reported. The new service will be available only to those who have had at least $2 million in a Morgan Stanley account for at least six months. ....