Bank Begins Blocking Shares Of Companies Who Buy Bitcoin
At the height of the last so-called Bitcoin “bubble” banks began feeling the crunch of coming competition and began blocking transactions related to “virtual currencies.” But as we’ve seen as of late, banks are finally coming around along with the rest of the finance world. However, not all banks are hopping on the bandwagon, and others are back to their old bag of tricks, blocking investors from not just investing in crypto itself, but companies […]
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As Bitcoin and other cryptos gain more credence, many top shots in diverse industries embrace the industry. Many companies, including Tesla, had accepted BTC payments once, and even a country like El Salvador is now using it as a legal tender. So, it’s not surprising that Morgan Stanly, an extensive American Investment bank, will buy shares of a Bitcoin Trust. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course In a recent development, the bank acquired 58,000 shares of Grayscale Bitcoin Trust. It had previously owned some shares of the Trust,....
It was the Central Bank of Jordan's (CBJ) turn to issue a digital currency warning this week, advising the public of the risks associated with the use of the financial tools, and blocking financial companies from engaging in bitcoin business. "Recently, a global phenomenon of trading a virtual currency called bitcoin became active around the world," the bank noted, adding: "CBJ seeks to protect citizens and the investors, by warning them that virtual currencies are not legal tender and there is no obligation on any central bank in the world or any government to exchange its value for real....
Overall, the Bitcoin community seems happy about this development, even though it is not exactly news. An exciting development has taken place in the world of Bitcoin and cryptocurrency. ViaBTC and Roger Ver have seemingly indicated they are not interested in blocking SegWit. This news came as quite a surprise, as the majority of Bitcoiners seemed to think otherwise. This does not mean SegWit will suddenly get activated on the network overnight either, though. To put this “news” into perspective, neither ViaBTC nor Roger Ver has any interest in blocking SegWit. In fact, they made that....
It has been a long time coming, but as of this morning, the publicly traded shares of the Bitcoin Investment Trust have officially started trading under the ticker GBTC. For the first time in bitcoin's history, bitcoin can now be bought and sold on the public markets. For the past few weeks, there have been multiple bids placed for shares of GBTC, including one by Maxim Capital for 50,000 shares at $35.00/share. However, there hadn't been any asks, or offers to sell shares. KGA Americas was the first to place a $44.00 ask for 298 shares of GBTC, which is the equivalent to 29.8 bitcoin at....
The investment firm has increased its shares of GBTC by more than 105% since April. Major U.S. investment bank Morgan Stanley has more than doubled its shares of Grayscale Bitcoin Trust since April.According to a report from the U.S. Securities and Exchange Commission, or SEC, filed Sept. 27, the Morgan Stanley Europe Opportunity Fund, which invests in established and emerging companies throughout Europe, owned 58,116 shares of the Grayscale Bitcoin Trust, or GBTC, as of July 31. At the time of publication, the price of GBTC is $34.28, making the investment bank’s exposure to Bitcoin (BTC)....