A $150 billion investment unit of Morgan Stanley is exploring bitcoin: report
February 13, 2021, 10:57AM EST
1 min read
Counterpoint Global—a unit of Morgan Stanley Investment Management—is exploring whether it will make a bet on bitcoin, according to a Bloomberg News report.
Citing sources, the report said that the unit, which manages $150 billion, would need approvals from the wider firm and regulators to make such an investment. Still, it represents Wall Street's broader push into the cryptocurrency, which is increasingly being viewed as an inflation hedge asset.
A spokeswoman for Morgan Stanley declined to comment on Bloomberg's report.
Morgan Stanley made headlines during the height of the 2017 initial coin offering bubble for exploring the launch of a possible swap-like product tied to bitcoin. That product, ultimately, did not launch.
Over the past year, Binance has expanded its in-house AML detection and analytics capabilities. Based on research and analysis, as well as an understanding of cybercriminals' history and cashout tactics, Binance arrived at the conclusion that the biggest security problem in the industry today is money connected to cyberattacks being laundered through nested services and parasite exchanger accounts that live inside macro VASPs, including exchanges like Binance.com
Okcoin, which was founded in 2013, is doing something different in a crowded field of crypto exchanges: it’s going to allow clients to denominate trades in bitcoin in units of satoshi, rather than BTC. On this episode of The Scoop, Okcoin CEO Hong Fang joined host Frank Chaparro for a discussion on Okcoin’s rapid […]
Recently Huobi Wallet has made waves around the industry for launching HClaimer, a new feature that enables users to collect their staking rewards from multiple DeFi projects through just one easy click.