Archive | Morgan Stanley

Morgan Stanley CEO, James Gorman, Offers More Rational Words on Bitcoin

It might seem that lately, the world of high-finance want nothing more than to drop a proverbial load all over Bitcoin but CEO of leading global financial services firm Morgan Stanley, James Gorman, offered words to support the contrary on Wednesday. Speaking at a conference hosted by The Wall Street Journal, he said he considered Bitcoin […]

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? […]

Morgan Stanley Believes Bitcoin Acceptance is Shrinking

Investment bank Morgan Stanley recently came out with a report suggesting bitcoin acceptance has dropped to “virtually zero and shrinking.” The report was created by the investment bank’s internal analyst team, which was headed by James E Faucette.  Also read: BTCC Founder Bobby Lee Says Cryptocurrencies Need Regulation A Yahoo Financial article elaborated, saying, “According to […]

Top German Banker Warns Cryptocurrencies Could Precipitate a Financial Crisis

A top German banker, Jens Weidmann, commented Wednesday that digital currencies like bitcoin could cause a financial catastrophe. The banker alluded to the idea digital currencies are unstable and prone to violent fluctuations on the market. Weidmann said for people to expect banks to adopt digital currencies so the average citizen begin to have faith in […]

SEC Eyes Initial Coin Offerings for Regulatory Oversight

The Securities and Exchange Commission is looking hard at Initial Coin Offerings. This information comes after SEC recently piped up, saying ICO’s need to protect their investors. The regulation agency may be getting more aggressive because cryptocurrencies are growing more visible and valuable. Regulators are especially concerned with “ICO’s. The reason is they lack transparency and oversight.  Also read: Remitano Expands Bitcoin Remittance Services […]