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Bitcoin Investment Trust Banned By Bank of America Merrill ...
Bank of America Merrill Lynch
Uncategorized | January 4, 2018 By: David Pimentel
Bank of America Merrill Lynch has reportedly banned its clients from investing in Bitcoin Investment Trust (GBTC). The news comes via a memo from the bank last December which was seen by Reuters.
According to the memo, dated December 8, the bank stopped approving new orders for the Bitcoin Investment Trust because of concerns about the "suitability and eligibility standards of this product." The memo was sent to roughly 17,000 brokers at Merrill Lynch and Merrill Edge, a unit for clients who...
Bitcoin: Bank of America division bans investments | USA ...
Bank of America Merrill Lynch sign is seen on a building that houses its offices in Singapore [Reuters]
Bank of America Merrill Lynch banned clients from investing in one of bitcoin mogul Barry Silbert's top funds last month, according to a memo, Reuters news agency reported.
As of December 8, the Wall Street brokerage stopped approving new orders for the Bitcoin Investment Trust due to concerns...
Bank of America’s Merrill Lynch Bans Clients from Bitcoin Fund
January 4, 2018
Bank of America's brokerage arm Merrill Lynch has barred clients and their financial advisers from participating in bitcoin investments.
The�Wall Street Journal, upon reviewing an internal memo by Merrill Lynch, reports that the brokerage arm has specifically highlighted Grayscale's Bitcoin Investment Trust, a open-ended trust fund directly invested in the world's...
Will Bitcoin really become a universal currency? | News ...
Will Bitcoin really become a universal currency?
14 Aug 2014, by Test 2 Test 2
Image source: bitcoinmagazine.com
There has hardly been a more intriguing, controversial or divisive invention in the history of finance than Bitcoin . While it has taken its time to draw universal attention and is still some way from becoming a mainstream item, there are plenty of indications to suggest that it...
Related topics : will bitcoin be the one world currency / bitcoin bank of america merrill lynch / bitcoin one world currency end times / bitcoin one world currency / bank of america bitcoin a first assessment
20 Answers - Is Bitcoin safe? - Quora
Asma Khan , Cryptocurrency Fellow
Updated 76w ago · Author has 410 answers and 2.7m answer views
You need to understand that safety is a relative term. Let us understand whether money is safe in the Banks or not?
Terry Burnham, former Harvard economics professor, author of Mean Genes and Mean Markets and Lizard Brains doesn't believe that money is safe in Banks.
Following is the excerpt from his...
Webinar: Bitcoin, Ether Prices Slump on Negative News Flow
In this regular, weekly webinar we took a look at the extremely negative price action in cryptocurrency heavyweights Bitcoin (BTC) and Ethereum (ETH) and discussed the drivers for the slump from negative commentary to strongly-worded regulatory warnings. Discussions included -
JP Morgan CEO Jamie Dimon called Bitcoin a 'Fraud' at a banking conference in New York and said that he would fire 'in a second' anyone at his bank found dealing in the digital currency.
Digital gold: Bitcoin value zooms past record $5,000 mark
How to get started with bitcoin
Popular digital currency Bitcoin, valued at a mere 6 cents in 2010, has surpassed the $5,000 value mark. But, within 10 minutes of reaching the record high, it has dipped back to $4,867.19.
Though for a few minutes of stratospheric highs, Bitcoin's surge in value has been remarkable, especially this year. The popular cryptocurrency reportedly gained massive...
Merrill Lynch Says No To Bitcoin - rttnews.com
Merrill Lynch has banned its clients and financial advisers from buying bitcoin-related investments due to concerns over the investment standard of the cryptocurrency and related products, reports said Wednesday, citing an internal memo circulated among the firm's brokers and clients.
The ban covers all accounts and prevents the brokerage firm's roughly 17,000 advisers from pitching bitcoin-linked investments and executing client request to trade the Grayscale's Bitcoin Investment Trust, or GBTC, the Wall Street Journal and Reuters reported citing an unnamed source.
The decision to ban new purchases of GBTC was driven by "concerns pertaining to suitability...
Chart: The Coin Universe Keeps Expanding - Visual Capitalist
Chart: The Coin Universe Keeps Expanding
Bitcoin's record year is just a part of the big story
Note: This post was updated June 27th, 2017 with current values for all cryptocurrencies.
Bitcoin is the original cryptocurrency, and its meteoric rise has made it a mainstay of conversation for investors, media, and technologists alike.
In fact, the innovation of the blockchain is changing entire...
Billionaire Peter Thiel says people are ... - Business Insider
Peter Thiel is the latest big name from the world of tech and finance to offer commentary on Bitcoin, and he's optimistic about the future of the cryptocurrency.
However, rather than discuss Bitcoin's potential uses as a means of exchange, Thiel focused on its effectiveness as a store of value.
According to CNBC, Thiel compared Bitcoin to gold and said that due to the difficulty of the digital...
A new legitimate era for Bitcoin | Business | DW | 11.12.2017
A new legitimate era for Bitcoin
Dealing in Bitcoin gets more real as trading in futures contracts of the virtual currency has started on Chicago's CBOE exchange. The subsequent buying frenzy prompted skeptics to again warn of a bubble.
When Bitcoin was first created in 2009 it was only worth a few cents. Since the beginning of the year though, Bitcoin has seen an amazing 15-fold gain....
Stock market rally set to continue but all eyes on bitcoin ...
Some stock investors are watching the violent rally in bitcoin and anticipating an equally violent selloff. That could cause spillover effects for broader markets.
US stocks finished around record highs again last week as a strong jobs report and the prospects of tax cuts suggested economic growth - and stock market gains - will continue to accelerate.
The economy added 228,000...