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Wells Fargo to onboard active cryptocurrency strategy for rich clients


Wells Fargo to onboard active cryptocurrency strategy for rich clients
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Wells Fargo to onboard active cryptocurrency strategy for rich clients
A woman walks past Wells Fargo bank in New York City, on Mar 17, 2020. (Photo: REUTERS/Jeenah Moon)
19 May 2021 10:36PM
(Updated:
20 May 2021 01:48AM)
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NEW YORK: Wells Fargo & Co said on Wednesday (May 19) its investment institute is planning to evaluate and onboard an actively managed cryptocurrency strategy for its wealthy clients, the latest move by a major US bank toward accepting digital currencies.
In a report titled The investment rationale for cryptocurrencies , the Wells Fargo Investment Institute (WFII) said it views digital assets as an alternative investment for qualified investors through a professionally managed fund. ....

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Wells Fargo to onboard active cryptocurrency strategy for rich clients

Wells Fargo to onboard active cryptocurrency strategy for rich clients
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FACTBOX-Bitcoin's march towards the mainstream


FACTBOX-Bitcoin s march towards the mainstream
Reuters
1 day ago
LONDON, May 11 (Reuters) - Bitcoin hit a record high just shy of $65,000 last month, the latest landmark on its march to wider acceptance. A growing embrace by major companies and financial firms, particularly in the United States, have fueled its gains.
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ACCEPTANCE May 2021:
Auction house Sotheby s says it would accept bitcoin and second-largest cryptocurrency ethereum as payment for a work by street artist Banksy, a first for a physical art auction.
April 2021:
Swiss arm of French insurer AXA allows its customers to pay for non-life insurance products with bitcoin https://www.axa.ch/en/ueber-axa/blog/trend/bitcoin-cryptocurrency%20.html. ....

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Factbox: Bitcoin's march towards the mainstream


Factbox: Bitcoin s march towards the mainstream
Reuters
5/11/2021
© Reuters/Eric Gaillard
FILE PHOTO: FILE PHOTO: FILE PHOTO: The logo of the Bitcoin digital currency is seen in a shop in Marseille
LONDON (Reuters) - Bitcoin hit a record high just shy of $65,000 last month, the latest landmark on its march to wider acceptance. A growing embrace by major companies and financial firms, particularly in the United States, have fuelled its gains.
Here are some of the steps that have pushed the world s largest cryptocurrency closer to the mainstream this year:
ACCEPTANCE
May 2021:
Auction house Sotheby s says it would accept bitcoin and second-largest cryptocurrency ethereum as payment for a work by street artist Banksy, a first for a physical art auction. ....

United States , City Of , United Kingdom , William Maclean , Elon Musk , Tom Wilson , Brevan Howard , Daniel Loeb , Sp Dow Jones , Coinbase Global Inc , Morgan Stanley , Ny Mellon Corp , Mastercard Inc , Goldman Sachs Group Inc , Paypal Holdings Inc , Microstrategy Inc , Carmaker Tesla Inc , Tesla Inc , Eric Gaillard , Purpose Bitcoin , United Kingdom Based , Third Point , ஒன்றுபட்டது மாநிலங்களில் , நகரம் ஆஃப் , ஒன்றுபட்டது கிஂக்டம் , வில்லியம் மக்லேந் ,

Factbox: Bitcoin's march towards the mainstream | WSAU News/Talk 550 AM · 99.9 FM


By Syndicated Content
May 11, 2021 | 4:19 AM
LONDON (Reuters) – Bitcoin hit a record high just shy of $65,000 last month, the latest landmark on its march to wider acceptance. A growing embrace by major companies and financial firms, particularly in the United States, have fuelled its gains.
Here are some of the steps that have pushed the world’s largest cryptocurrency closer to the mainstream this year:
ACCEPTANCE
May 2021:
Auction house Sotheby’s says it would accept bitcoin and second-largest cryptocurrency ethereum as payment for a work by street artist Banksy, a first for a physical art auction.
April 2021:
Swiss arm of French insurer AXA allows its customers to pay for non-life insurance products with bitcoin https://www.axa.ch/en/ueber-axa/blog/trend/bitcoin-cryptocurrency%20.html. ....

United States , City Of , United Kingdom , William Maclean , Elon Musk , Tom Wilson , Brevan Howard , Daniel Loeb , Sp Dow Jones , Coinbase Global Inc , Morgan Stanley , Ny Mellon Corp , Mastercard Inc , Goldman Sachs Group Inc , Paypal Holdings Inc , Microstrategy Inc , Carmaker Tesla Inc , Tesla Inc , Purpose Bitcoin , United Kingdom Based , Third Point , ஒன்றுபட்டது மாநிலங்களில் , நகரம் ஆஃப் , ஒன்றுபட்டது கிஂக்டம் , வில்லியம் மக்லேந் , டோம் வில்சன் ,