Cryptocurrency 

Morgan Creek Digital Secures $40M Backing from Public Pension Funds

According to Bloomberg, renowned digital asset firm Morgan Creek Digital has successfully closed a new $40 million blockchain-specific venture capital fund. It has done this because of major contributions from two US public pensions. Initially, the venture looked to raise $25 million. Morgan Creek Digital Backed by finance behemoth Morgan Creek Capital, Morgan Creek Digital is a hedge fund. The new venture—called the Morgan Creek Blockchain Opportunities Fund—has been created specifically for investment into the digital asset space. Pension Plans The two pension plans are based in Virginia. They are ‘anchor investors’ in the new…

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Bitcoin 

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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Bitcoin 

Morgan Stanley Bitcoin Derivatives | Ready to Go but When?

Morgan Stanley (NYSE:MS) plans to offer its customers complex derivatives that will be tied to Bitcoin (BTC), Bloomberg reported this morning. The Morgan Stanley Bitcoin derivatives will push the investment bank in the running with its competition currently dabbing in the cryptocurrency space. Morgan Stanley Bitcoin Derivatives According to a person familiar with the venture, Morgan Stanley, one of the world’s largest investment banks, is trying to create ways for its client to get involved in the digital currency market. Institutional investors have shown that they don’t want to actually…

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