Morgan Stanley To Offer Bitcoin Funds Access To Wealthy Clients

Morgan Stanley will offer its wealth management clients access to bitcoin funds, becoming the first major US bank to make such a move. In an internal memo on March 17, Morgan Stanley told its financial advisors it will allow access to three funds that enable ownership of Bitcoin, CNBC reported. The move could potentially help…

2020 – A Recap

A decade on, i continue my yearly ritual 1.Till the beginning of October, the year 2020 went pretty well for me inspite of the pandemic and the innumerable hardships faced by everyone around us. And then on October 6th , disaster struck as my brother passed away and it was the most terrible feeling i…

Swiss Arm of Russian Largest Bank Gazprombank To Offer Bitcoin Custody And Trading

The Swiss arm of one of Russia’s largest banks yesterday announced that it would offer crypto custodian and Bitcoin exchange services to the businesses and institutions it counts as customers. The Swiss subsidiary of Gazprombank, Russia’s third-largest bank, has received authorization from the Swiss Financial Market Supervisory Authority (FINMA) to offer “the safe custody of…

DBS Plans For A New Crypto Currency Exchange

A DIGITAL currency exchange backed by Singapore‘s largest lender DBS is in the works, although the bank is still in the process of seeking regulatory approval. Industry observers say that if approved, the DBS Digital Exchange could be one of the world’s first crypto exchanges backed by a traditional bank. A version of the exchange’s…

Iran Turns To Bitcoin To Fund Imports

Crippled by sanctions imposed by the US government, Iran has turned to cryptocurrency to fund imports. The Islamic republic has become the first country in the world to adopt bitcoin at a state level for value exchange, Trustnodes reports, citing a story issued by the official IRNA news agency. The Iranian cabinet has changed legislation…

Bitcoin Moves Closer To Mass Adoption With PayPal Addition

Bitcoin has rallied $1,000 in the last 24 hours after payments platform PayPal (PYPL) announced that it would begin accepting payments in digital currency. PayPal has over 26 million merchant accounts and 345 million users on its platform that will soon be able to buy, hold, and sell Bitcoin. The announcement also stated that Ethereum,…

How bitcoin met the real world in Africa

Four months ago, Abolaji Odunjo made a fundamental change to his business selling mobile phones in a bustling street market in Lagos: He started paying his suppliers in bitcoin. Odunjo sources handsets and accessories from China and the United Arab Emirates. His Chinese suppliers asked to be paid in the cryptocurrency, he said, for speed…

Bitcoin Is Still A Clear Favourite Among India’s Crypto Investors

Indians have a clear favourite when it comes to cryptocurrencies. The world’s largest virtual currency by market capitalisation—bitcoin—is the most traded cryptocurrency in India. Since March when the ban on cryptocurrencies was revoked, bitcoin accounted for 20% of the total traded volumes on WazirX, one of the popular cryptocurrency exchanges in India. Over the last…

There Are Now Over 10,000 Bitcoin ATMs Throughout the World

The number of bitcoin ATMs installed throughout the world has exceeded 10,000, and the United States continue to lead the rest of the world in crypto ATMs with 76% of machines installed. According to CoinATMRadar, the first Bitcoin ATM was installed back in 2013 and in seven years the industry grew to over 10,000 machines…

Israeli Blockchain Startup Kirobo Invents Undo Button for Bitcoin Transactions

Kirobo, a two-year-old Israeli blockchain startup, announced on Tuesday that it has found a way to tackle problems related to human error in cryptocurrency transactions. In a recent survey by the Fio Foundation, 55% of respondents reported experiencing stressful human errors when sending cryptocurrency, and 18% reported loss of funds due to such errors. As such, Kirobo has invented “Retrievable Transfer,” a way for senders to cancel a transaction that is sent to the wrong address. Kirobo provides a unique code to the sender and the receiver has to enter the matching password in order to receive the transfer.