Crypto firms raised a record $30 billion of venture capital in the past year
"Hyped and leveraged areas of crypto, such as decentralized finance (DeFi) and crypto-backed stablecoins, are seeing mass liquidations, as it is becoming clearer that all the elevated prices were traded on speculation, with limited real user demand," Morgan Stanley analyst Sheena Shah noted.
“It’s deflationary. The use cases are through the roof. It’s just all the stars are lining up for Ethereum in my opinion right now," Bill Barhydt, the CEO of cryptocurrency trading platform Abra, said.
The report is not a buying/selling recommendation on Ethereum
Nerves in The City at prospect of a 'no-deal' Brexit
The sale of the unit would mark biggest disposal so far in Charles Scharf’s tenure as CEO.
This deal marks Morgan Stanley’s second massive purchase this year, following the takeover of E-Trade Financial
Morgan Stanley buys investment firm Eaton Vance for $7 bn
UK govt slumps in polls amid coronavirus chaos
Vice Chairman Robert Kindler said breaking up companies like Facebook and Amazon wouldn't offer any consumer benefit.
Cybersecurity is a major source of tension between the U.S. and China
Revenues of $13.4 billion set a record.
Wells Fargo has been besieged by mounting loan loss provisions
France, Spain, Italy are expected to shrink by more than 10% this year
Morgan Stanley sued for discrimination by ex diversity chief
The former head of global diversity at Morgan Stanley, Marilyn Booker, claims she was fired in December after pushing proposals to combat the lack of diversity at the company.
Egypt reopens slowly to revive pandemic-hit economy
Ford Motor posted a $2 billion loss in the first quarter, and the second quarter could be even worse
U.S. stocks closed higher on Thursday although more than 5.2 million Americans filed for unemployment last week
U.S. stocks were mixed Thursday although more than 5.2 million Americans filed for unemployment last week
Morgan Stanley CEO has recovered after positive Covid-19 test
The U.S. may be struck by a "second wave" of COVID-19 in the fall, asserts Dr. Anthony Fauci.
