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 for those hoping for a Bitcoin ETF. Research Concludes Bitcoin an Asset The bank’s research division reviewed the last six months of Bitcoin usage. What the researchers discovered was that…

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Digital Asset Partners with Google

Announced this morning via a company press release, the New York-based startup Digital Asset partners with Google. This new collaboration seeks to bring blockchain to Google Cloud. The Head of Financial Services at Google Cloud, Leonard Law, commented in the press release: “We are delighted to innovate with Digital Asset in the distributed ledger space. DLT has great potential to benefit customers not just in the financial services industry, but across many industries, and we’re excited to bring these developer tools to Google Cloud.” Digital Asset Partners with Google Google…

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Tokenized Real-World Asset | Luxury Condo Put on Ethereum Blockchain

It’s the first of its kind. According to Forbes, a luxury condo development in Manhattan, which is valued at more than $30 million, will be tokenized on the worldwide Ethereum blockchain, making the luxury condo a tokenized real-world asset. The building comprises of 12 units at 1700 sq ft each and is located on 436 & 442 E 13th St in Manhattans, East Village. The listing broker on the deal is Ryan Serhant. He and the developer are looking to tokenization as a new method of financing. He says: “With…

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