Michael Smith, 52, of Cornelius, was arrested Wednesday and charged with conspiracy to commit wire fraud, conspiracy to commit wire fraud and money laundering, the U.S. Attorney for the Southern District of New York said in a news release crime. If convicted, each charge carries a maximum penalty of 20 years in prison.
WenJunGoldman Sachs and Morgan Stanley (MS.N) together bought more than $600 million of spot bitcoin exchange-traded funds (ETFs) in the second quarter, regulatory filings showed on Wednesday.
JinseFinanceBitwise's chief information officer called the trend "a historic level of professional investor stockholding."
JinseFinanceWith the rapid development of technology and the changing geopolitical landscape, the global financial system is at a crossroads.
JinseFinanceThe bank said that U.S. monetary policy coupled with economic sanctions has forced some countries to look for alternatives to the U.S. dollar, and the growth of stablecoins may have emphasized the need for fiat currencies.
JinseFinanceMorgan Stanley's Ellen Zentner forecasts a series of interest rate cuts by the FED, deviating from market expectations. Beginning in June, the predicted reductions may impact Bitcoin's trajectory, potentially influencing a return to previous highs.
Cheng YuanThe banking giant estimated that El Salvador wouldn’t face any issues with its debt payment for another year, despite the crisis it's facing currently.
Cointelegraph
NulltxMorgan Stanley’s report reads: “Ethereum demand is more closely tied to transactions. Therefore, similar scaling restrictions hurt demand for Ethereum more than it dampens demand for Bitcoin.”
CointelegraphThe U.S. Secret Service says the immutable and transparent aspect of the blockchain ledger allows the agency to track transactions made by criminals easier than cash in some cases.
Cointelegraph