Tag: Morgan Stanley

Will Morgan Stanley Win the Cryptocurrency Trading Desk Race?

Wall Street firms and big banks are trying to enter the world of cryptocurrency trading. Goldman Sachs, Morgan Stanley, and others are exploring the idea of setting up a cryptocurrency trading desk at some point. It is difficult to estimate who will come to market first, although insiders claim Morgan Stanley is the dark horse to keep an eye on. It’s an interesting development that will only spark more interest in …
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Bitcoin Price Watch: Currency Slumps to New Monthly Low

Another drop is in the books, and bitcoin is hovering at a monthly low of approximately $7,400. While predictions remain relatively varied, some believe that bitcoin may be heading towards a “death cross,” and that the price could drop to new levels before any serious recovery is experienced. First and foremost, a death cross occurs when an asset’s short-term average sinks lower than its long-term average. Sadly, this has occurred …
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ICO Bubble Is Just Starting, Ex-Morgan Stanley CEO to Raise $950 Million

According to bitcoin analyst and researcher Tuur Demeester, the former CEO of Morgan Stanley — the $89 billion U.S.-based bank — is seeking to raise over US$950 million in an initial coin offering (ICO), merely a few days after prominent boxer Floyd Mayweather raised over US$30 million in an ICO he sponsored. ICO Second Wind? John Mack, the former CEO of Morgan Stanley, stated: “I have been watching and investing …
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US Bank Stocks Lose 13% Amidst Global Financial Turmoil

For those investors who own US bank stocks, the past few days have not been pleasant by any means. Both Bank of America and Morgan Stanley dropped by 13% in value, Goldman Sachs, one of the big opposers of Bitcoin, is down 22% throughout 2016 so far. Diversification is essential for investors, and anything tied to US banks is not worth one’s time and effort. US Bank Stocks In Dangerous …
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