Cryptocurrency Analysis and News Portal
Investment bank Morgan Stanley is buying digital stock brokerage E*Trade for $13 billion.According to the Wall Street Journal, the consolidation will give Morgan Stanley an inroad with E*Trade’s 5.2 million retail investors in what will be Wall Street’s largest deal since the 2008 financial crisis. The bank is targeting this
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Dow Jones Industrial Average (DJIA) futures fell as much as 178 points on Tuesday. Apple warned investors that coronavirus shutdown in China would hit revenue. One Morgan Stanley analyst said we are entering a ‘downturn’ phase for the U.S. markets. U.S. stock markets were knocked off their record highs during after hours trading
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According to an all-new report released earlier this week, banking giant JP Morgan is currently in the process of facilitating a merger of its in-house blockchain unit called Quorum with Ethereum-based software developer ConsenSys. The deal is currently under negotiation and is likely to be finalized by the end
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A group of trading vets from NASDAQ, Visa and Morgan Stanley say they’ve built a liquidity solution for the world’s disparate cryptocurrency markets. After 18 months of development, their project, Apifiny, came out of stealth Wednesday with a new platform targeting exchanges hampered by low liquidity: ExOne. It is an emerging
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Eight former tech execs from financial giant Morgan Stanley have launched a crypto derivatives trading platform in Singapore and it will include XRP. The unattractively named Phemex works ten x faster than other crypto platforms and will offer 100x leverage for both institutional and retail investors into crypto. As well as XRP
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Eight former core developers from financial services company Morgan Stanley have launched Phemex, a new cryptocurrency derivatives trading platform, in Singapore.In a press release shared with CryptoX on Dec. 4, the former Morgan Stanley developers claim the platform is ten times faster than traditional crypto trading platforms, while offering
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Anthony Pompliano’s Morgan Creek Capital Management firm established a blockchain fund to explore opportunities using distributed ledgers.On Oct. 18, the cryptocurrency asset management firm Morgan Creek submitted a filling for its second blockchain fund to the United States Securities and Exchange Commission (SEC) and has so far raised nearly
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The Global Currency Organization (GCO) is launching a new U.S. dollar-backed stablecoin, dubbed the USD Digital (USDD).In an Oct. 1 press release shared with CryptoX, the GCO announced the launch of the USDD, a new stablecoin pegged to the U.S. dollar. The organization, which is a new project led
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Bitcoin (BTC) hasn’t had the best week. In fact, the cryptocurrency is set to close down some 20% on the week, which is one of the asset’s worst performances since the bearish capitulation seen in November of last year.A bit late to the party, JP Morgan recently came out with
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