January’s approval of spot bitcoin ETFs in the U.S. brought hopes the investment vehicles would attract the deep pockets of financial institutions to cryptocurrency. However, major companies like Morgan Stanley often have lengthy compliance and review processes to undertake before they approve funds to be offered to their clients. Source
Morgan Stanley has become the first major Wall Street bank to allow its financial advisors to advise Bitcoin ETF investments. Morgan Stanley will now allow its financial advisors to offer Bitcoin (BTC) ETFs to eligible clients starting August 7, according to reporting by CNBC, making it the first major Wall Street bank to do so, Morgan Stanley has nearly 1500 advisors who can now solicit clients to purchase shares of BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund. This follows the SEC’s approval of 11 spot Bitcoin ETFs…
PlayDoge (PLAY), the latest meme coin sensation, is on the verge of hitting a major milestone. This retro-style project is nearing the $6 million mark in its limited-time presale. Both investors and gamers are eager to get in on the action – and the excitement around PlayDoge’s prospects is growing fast. PlayDoge Combines 90s Nostalgia […] Source CryptoX Portal
Beyond energy considerations, Bitcoin mining is emerging as a powerful force for economic revitalization of rural areas hit hard by globalization and the offshoring of American industry. According to our research team, in 2023, U.S. Bitcoin mining operations generated $2 billion in revenue, a figure that represents 3% of the American iron and steel industry’s output. This comparison underscores the growing economic significance of this nascent sector. In just five years, the industry has created substantial employment opportunities. According to our internal estimates, direct employment in U.S. Bitcoin mining has…
Caroline Bishop Aug 02, 2024 14:51 The UK stands at a critical juncture to boost economic growth by fostering new tech policies, particularly in blockchain, according to a16z crypto. The UK stands at a pivotal moment, as highlighted in the recent King’s Speech to Parliament, which called for the country to ‘pursue sustainable growth by encouraging investment in industry, skills, and new technologies,’ according to a16z crypto. Potential of Blockchain Technology The new Labour government has a significant opportunity to achieve this…
Bitcoin miner CleanSpark reported securing 75 MW in Wyoming despite previous national security concerns. American Bitcoin mining firm CleanSpark Inc. announced the successful acquisition of a Bitcoin mining site in Wyoming, overcoming previous national security concerns raised by the White House. The company said in a July operational report published on Aug. 2 that it had secured power agreements totaling 75 MW in the state and commenced hashing operations in Tennessee, adding 1 EH/s to its hashrate in July. CleanSpark chief executive Zach Bradford highlighted the progress made, adding that…
Morgan Stanley on Friday told its army of financial advisors that it will soon allow them to offer bitcoin ETFs to some clients, a first among major Wall Street banks, CNBC has learned. The firm’s 15,000 or so financial advisors can solicit eligible clients to purchase shares of two exchange-traded bitcoin funds starting Wednesday, according to people with knowledge of the policy. Those funds are BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund, the people said. The move from Morgan Stanley, one of the world’s largest wealth management…
Iris Coleman Aug 02, 2024 14:02 Arkham CEO Miguel Morel is set to speak at Istanbul Blockchain Week, featuring in a keynote, panel, and workshop. Arkham Intelligence’s Founder and CEO, Miguel Morel, is scheduled to speak at Istanbul Blockchain Week (IBW) 2024, according to Arkham Intelligence. Morel will be participating in a keynote address, a panel discussion, and a workshop. Keynote and Panel Discussions Morel’s keynote is expected to cover the latest trends and innovations in blockchain technology, offering insights from his…
PEPE, one of the top meme coins in the crypto space, is currently at a crucial point as it approaches its long-standing bullish trend line. As the price draws near the bullish trend line, a break below it could signal a major shift in market sentiment, triggering a price draw down to the $0.00000766 mark. This article provides an in-depth analysis of the current price action, focusing on the bullish trend line. It examines whether a potential break below this line could drive the price to the critical support level…
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