On Sunday, Hayden Adams, CEO and founder of popular decentralized exchange, or DEX, Uniswap (UNI), claimed that his JP Morgan Chase bank accounts were shut down with no explanation. In addition, Adams stated that the incident was personal in nature as he knew "many individuals and companies who have been similarly targeted simply for working in the crypto industry." This week … [Read more...] about Uniswap founder’s bank account shut down by JP Morgan Chase, shadow-debanking allegations surface
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Morgan Stanley Sees Crypto-Banking Regulation Arriving Faster Than Expected
The biggest risk the bank sees is that policymakers move too fast and “implement measures that inadvertently inhibit adoption of cryptocurrencies,” and whilst not its base case, “regulators could still in theory adopt a highly restrictive stance on crypto-related services (or prohibit them altogether) that severely inhibit their growth.” Source link … [Read more...] about Morgan Stanley Sees Crypto-Banking Regulation Arriving Faster Than Expected
Morgan Stanley just bought the Bitcoin (BTC) dip through Grayscale shares
Institutional investors’ interest in Bitcoin has refused to wane despite the continued price volatility of the flagship digital asset which has seen the asset rise to over $68,000 then drop to around $57,000 presently within the space of the last 30 days.An example of one such investor is a leading investment bank in the United States, Morgan Stanley, who recently increased its … [Read more...] about Morgan Stanley just bought the Bitcoin (BTC) dip through Grayscale shares
JP Morgan Hiring Software Engineers for ‘Collateral Blockchain Tokenization’
The terms “collateral” and “tokenization” in the job title are somewhat intriguing, especially since the vacancy spec gives almost no detail about what the position actually entails. Furthermore, the word “blockchain” does not appear anywhere other than in the job title. Source link … [Read more...] about JP Morgan Hiring Software Engineers for ‘Collateral Blockchain Tokenization’
Morgan Stanley Sees Facebook as Best Stock to Gain Exposure to the Metaverse
The metaverse will likely be a “next generation social media, streaming and gaming platform” and will operate initially as an advertising and e-commerce forum, according to a research note by Morgan Stanley published last week.The “addressable US consumer expenditure to monetize is large … at $8trln,” and the bank sees “~$5trln of consumer expenditure that could be digitized … [Read more...] about Morgan Stanley Sees Facebook as Best Stock to Gain Exposure to the Metaverse