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Tag Archives: Morgan

Bitcoin [BTC] will outperform the S&P market in a decade, says Morgan Creek Digital Capital CEO

The bear’s attack on the cryptocurrency market has left a lot of companies and investors reeling, an event that also caused a lot of coins to break their price support. Although the current scenario has dissuaded new entrants, Mark Yusko, the Chief Executive Officer of Morgan Creek Digital Capital, has put his faith in the growth of Bitcoin [BTC] and ...

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Facebook Will Build ‘Most-Used Product in Crypto’: Morgan Creek

Morgan Creek’s Anthony Pompliano has declared that, contrary to the expectations of some in the blockchain space, Facebook will eventually build the “most used product in crypto.” Responding to a tweet by The Block founder Mike Dudas inferring that Facebook is hiring blockchain engineers without a clearly defined role or purpose for them, Pompliano stated that based on Facebook’s track ...

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CLSNet Blockchain Payment Netting Service Launch Features Goldman Sachs, Morgan Stanley

U.S. forex exchange (FX) settlement giant CLS’ blockchain payment netting service has gone live today, Nov. 28. According to the the company’s press release, Goldman Sachs and Morgan Stanley are among the initial users of the service, which was built in conjunction with IBM. The CLS Group reportedly settles an average of $5 trillion in payment instructions daily, and has ...

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Crypto Hedge Funds are Going to Start Shutting Down: Morgan Creek

Twitter Facebook LinkedIn The depths of this year’s cryptocurrency bear market evidently show significant signs of further trouble. According to notable crypto figure and Morgan Creek Digital founder Anthony Pompliano, significant price drawdowns this year could lead to crypto hedge funds closing up shop soon. Hedge Funds CCN reported today of Bitcoin dropping below $5,000 in price, the lowest price this ...

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JP Morgan Identifies Three Companies Whose Stock Could Benefit From Blockchain

Investment bank and financial services firm J.P. Morgan Chase has identified three public companies whose stock it believes will benefit from their applications of blockchain technology, CNBC reported Nov. 8. In a note to clients, J.P. Morgan reportedly forecast that IT companies will deploy blockchain in the same way that many firms claim to benefit from machine learning and artificial ...

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Morgan Stanley Report Shows Strong Institutional Investment for Bitcoin

On October 31, multinational investment bank and financial services company, Morgan Stanley, released their latest report on Bitcoin. The report, entitled “Update: Bitcoin, Cryptocurrencies and Blockchain,” stated that Bitcoins and altcoins have constituted a “new institutional investment class” since 2017. In comparison to Morgan Stanley’s 2017 report on Bitcoin, their 2018 outlook is bullish. The report contains an overview of ...

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J.P. Morgan Now Supports Blockchain Tech, Highlights Importance of Open-Access Code

J.P. Morgan, who’s CEO Jamie Dimon previously called Bitcoin “a fraud” and would “fire a trader in a second” for dealing in Bitcoin will now be pursuing Quorum, an enterprise version of Ethereum. Quorum’s chief goal is to enable the operation of smart contracts and will start with “tokenised gold bars to allow sustainable miners to earn a premium on ...

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Bitcoin (BTC) Classified as an Asset by Morgan Stanley

Global investment bank Morgan Stanley has given Bitcoin bulls something to cheers about. The institution has stated that it classes Bitcoin as an institutional investment class. (And the day after Bitcoin’s birthday… how thoughtful) What this means is that it recognizes Bitcoin as a type of asset similar to shares, property, bonds, cash, or commodities. It also means good news ...

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