Financial Institutions Plan To Invest In Crypto

62% Of Financial Institutions Plan To Invest In Crypto In 2022: Survey

By Bernice Nyambura – September 30, 2021

Cryptocurrency investments are becoming more and more attractive to institutional investors who are now looking to grow their revenue long-term by moving into crypto products.

A new survey by European investment firm Nickel Digital Asset Management found that 62% of institutions with no exposure to crypto will make their first investments within one year.

Nickel Digital polled 50 institutional investors and 50 wealth managers across the US, the UK, Germany, France, and the UAE in May and June 2020.

Profits, Increased investments, and regulation favor crypto adoption

As per the survey, 47% of the institutions said they are planning to invest in crypto long-term primarily for its potential to increase capital. 44% cited their main reason as growing confidence in cryptocurrency as an asset class due to increased crypto investments like Bitcoin by other fund managers and corporations.

A further 41% of the respondents said they are willing to invest in crypto due to the increased regulatory status of the crypto industry as more governments continue to take proactive measures towards regulation.

However, only 34% of the institutions consider cryptocurrency a good hedge against inflation, citing high volatility as a huge disadvantage to the store of value.

Henry Howell, head of business at Nickel digital, said that the survey results indicate increased cryptocurrency adoption amongst institutions.

“There’s no doubt that the crypto assets market is becoming more mainstream in the institutional and wealth management sectors.”

Howell added that several factors are driving increased institutional adoption, including solid pandemic-driven crypto market performance, growing corporate investment, and an improved crypto regulatory framework.

Cryptocurrency Adoption Is On the Rise

Since mid-September, institutions have been consecutively increasing their cryptocurrency holdings, including shares into crypto startups and investment funds. European digital assets manager Coinshares recently said the second last week of September saw $42 million in capital inflow into crypto products.

Investors allocated millions to top crypto assets like Ethereum ($3.7 million) and multi-asset funds ($3.7 million), and Solana (($ 4.8 million). The trend matches with a report by JPMorgan on September 22 saying institutional investors are switching preference from Bitcoin to Ethereum, leading to a 1% premium on Ethereum futures.

Nickel’s July survey said that the biggest friction for crypto investments by institutions is the security of custodial services and regulation. Regulators have made tremendous progress, especially in the second half of the year, to introduce sufficient regulation, including in the US.

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DISCLAIMER: None Of The Information You Read On ZyCrypto Should Be Regarded As Investment Advice. Cryptocurrencies Are Highly Volatile, Conduct Your Own Research Before Making Any Investment Decisions.

The original article written by Bernice Nyambura and posted on ZyCrypto.com.

Article reposted on Markethive by Jeffrey Sloe

Is Coinbase To Be Acquired By Big Traditional Bank?

Coinbase To Be Acquired By A Big Traditional Bank In The Future, SkyBridge’s Scaramucci Predicts

By Olivia Brooke – September 30, 2021

The head of the New York-based investment firm SkyBridge Capital has said that in the future, traditional banks may be eyeing the leading cryptocurrency exchange firm Coinbase.

Scaramucci believes traditional firms will take interest in Coinbase-like ventures

Anthony Scaramucci made this known in an interview with Bloomberg, in which he predicted that one of the leading banks will eventually buy the exchange giant. If not that, he follows up with the fact that it might be a crypto-related venture. He believes that their motive will be tailored around wanting to make a transformation and that it would happen faster than he had initially expected it to happen.

He added that investors are beginning to consider multiple options in terms of their directive, as hedge funds are now testing the private equity and venture capital ecosystem.

Like Scaramucci, the managing partner at Architect Partners Eric Risley has echoed the exact same sentiment. Banks and investment banks will race for big crypto firms, although this is a long-term prediction. In the near term, Risley maintains that the biggest acquisition moves may not be recorded.

“It’s probably more like three years than three months if you’re looking at it from an investor perspective and you believe crypto assets are an asset class, why wouldn’t a Goldman Sachs or Morgan Stanley be in that business?” he said in an interview with Blockworks.

Going forward, he addressed the state of regulation with cryptocurrency and how it could hinder traditional firms from acquiring crypto firms and cause them to lose more in the future.

“There’s always tension with regard to valuation. If you’re buying a business that has a certain amount of cash flow or revenue, and you have to pay a much higher multiple than what you’re being valued at in the market, is that something you should do? In today’s market, that is an issue.”

Notably, Bitcoin proponent Anthony Pompliano is expressing a different take.

“My thought process right now is over the next five years many legacy institutions are going to be putting themselves up for sale.” He said.

He added that the traditional firms are likely to see a lot of innovation that will likely disrupt their businesses.

“…they’re basically going to try to extract whatever value they feel like they have left. The natural buyer of those organizations would be the crypto companies.”

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DISCLAIMER: None Of The Information You Read On ZyCrypto Should Be Regarded As Investment Advice. Cryptocurrencies Are Highly Volatile, Conduct Your Own Research Before Making Any Investment Decisions.

The original article written by Olivia Brooke and posted on ZyCrypto.com.

Article reposted on Markethive by Jeffrey Sloe

Crypto: Impossible to Destroy?

Crypto is impossible to destroy, says Tesla CEO Elon Musk

The decentralized nature of cryptocurrencies may be a challenge for the Chinese government, Elon Musk suggested.


Image courtesy of CoinTelegraph

            SEPTEMBER 29, 2021

As global regulators continue to scrutinize the cryptocurrency industry, Tesla CEO Elon Musk has expressed support for crypto, calling it indestructible.

“It is not possible to, I think, destroy crypto, but it is possible for governments to slow down its advancement,” Musk said at the Code Conference in California, CNBC reported Tuesday.

According to the Tesla CEO, the decentralized nature of cryptocurrencies may be a challenge for the Chinese government, which announced a new war on crypto last Friday.

“I suppose cryptocurrency is fundamentally aimed at reducing the power of a centralized government,” Musk noted, adding, “They don’t like that.” He also suggested that the latest Chinese crackdown on crypto is likely to have something to do with the country’s “significant electricity generation issues.”

“Part of it may actually be due to electricity shortages in many parts of China. A lot of South China right now is having random power outages because the power demand is higher than expected […] Crypto mining might be playing a role in that,” he said.

Despite Musk not considering himself as a “massive cryptocurrency expert,” the tech mogul stressed regulators should not be trying to slow down cryptocurrency adoption. When asked whether the United States government should be involved in regulating crypto, Musk responded:

“I would say, ‘Do nothing.’”

Related: Dogecoin more popular than ever… even as TXs hit lowest level since 2017

Musk has emerged as a significant crypto price influencer on Twitter, with many experts linking his posts to massive price movements for tokens such as Shiba Inu (SHIB), Dogecoin (DOGE), as well as Bitcoin (BTC). The Tesla CEO was widely criticized in the crypto community after suspending Tesla’s BTC payments option over presumed environmental concerns about Bitcoin mining in May 2021.

Musk previously caused massive optimism on the crypto market by announcing a $1.5-billion Bitcoin purchase in February.

Original article posted on the CoinTelegraph.com site, by Helen Partz.

Article re-posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

Tehran Stock Exchange CEO resigns

Tehran Stock Exchange CEO resigns following discovery of Bitcoin miners in basement

Iranian authorities have conducted many raids on crypto miners in abandoned factories, homes, and small businesses — nothing quite as high profile as the country’s largest stock exchange.


Image courtesy of CoinTelegraph

            SEPTEMBER 29, 2021

Ali Sahraee, the chief executive officer of the Tehran Stock Exchange since 2018, has reportedly resigned after the discovery of cryptocurrency mining rigs in the building.

According to a report from the country’s state-run media, the Islamic Republic News Agency, Tehran Stock Exchange, or TSE, market vice president Mahmoud Goudarzi will be leading the company following the departure of Sahraee. The change in leadership seems to be the result of “a number of miners” being discovered in the basement of the TSE building located in the district of Sa’adat Abad.

The TSE reportedly initially denied the existence of the miners, saying the equipment was part of a research project. However, executive deputy director Beheshti-Sarsht later said the company should be held accountable for its actions.

Iranian President Hassan Rouhani announced in May that Bitcoin (BTC) and cryptocurrency mining would be prohibited over the summer in an attempt to reduce demands on the country’s power grid. It’s unclear when authorities discovered the mining rigs in a “sudden inspection” of the TSE basement, but the activity was seemingly still illegal until the last week of September.

During the ban, authorities conducted many raids on crypto miners big and small, seizing illegally operating miners and fining households responsible for generating blocks. However, the majority of the raids were focused on abandoned factories, homes, and small businesses — nothing quite as high profile as Iran’s largest stock exchange.

Related: Iranian crypto miners using household energy will face large fines

The energy crisis in Iran has led to blackouts and brownouts, with many officials blaming crypto mining for sucking up the juice. However, an August report from the country’s Ministry of Industry, Mine and Trade said that the claims that some authorities had made regarding the power usage of crypto miners “seem to be highly exaggerated.”

Original article posted on the CoinTelegraph.com site, by Turner Wright.

Article re-posted on Markethive by Jeffrey Sloe

Crypto: impossible to destroy?

Crypto is impossible to destroy, says Tesla CEO Elon Musk

The decentralized nature of cryptocurrencies may be a challenge for the Chinese government, Elon Musk suggested.


Image courtesy of CoinTelegraph

            SEPTEMBER 29, 2021

As global regulators continue to scrutinize the cryptocurrency industry, Tesla CEO Elon Musk has expressed support for crypto, calling it indestructible.

“It is not possible to, I think, destroy crypto, but it is possible for governments to slow down its advancement,” Musk said at the Code Conference in California, CNBC reported Tuesday.

According to the Tesla CEO, the decentralized nature of cryptocurrencies may be a challenge for the Chinese government, which announced a new war on crypto last Friday.

“I suppose cryptocurrency is fundamentally aimed at reducing the power of a centralized government,” Musk noted, adding, “They don’t like that.” He also suggested that the latest Chinese crackdown on crypto is likely to have something to do with the country’s “significant electricity generation issues.”

“Part of it may actually be due to electricity shortages in many parts of China. A lot of South China right now is having random power outages because the power demand is higher than expected […] Crypto mining might be playing a role in that,” he said.

Despite Musk not considering himself as a “massive cryptocurrency expert,” the tech mogul stressed regulators should not be trying to slow down cryptocurrency adoption. When asked whether the United States government should be involved in regulating crypto, Musk responded:

“I would say, ‘Do nothing.’”

Related: Dogecoin more popular than ever… even as TXs hit lowest level since 2017

Musk has emerged as a significant crypto price influencer on Twitter, with many experts linking his posts to massive price movements for tokens such as Shiba Inu (SHIB), Dogecoin (DOGE), as well as Bitcoin (BTC). The Tesla CEO was widely criticized in the crypto community after suspending Tesla’s BTC payments option over presumed environmental concerns about Bitcoin mining in May 2021.

Musk previously caused massive optimism on the crypto market by announcing a $1.5-billion Bitcoin purchase in February.

Original article posted on the CoinTelegraph.com site, by Helen Partz.

Article re-posted on Markethive by Jeffrey Sloe

100M Investment In Cardano

EMURGO To Invest $100 Million In Cardano To Bolster DeFi Adoption

By Best Owie– September 28, 2021 in Cardano Reading Time: 2 min read

Decentralized finance (DeFi) has become an increasingly important addition to the Cardano network following the launch of smart contracts capability. Developers have been working since the Alonzo hard fork to bring their DeFi solutions to the ecosystem. But with decentralized finance already underway on blockchains such as Ethereum and Solana, Cardano has had to play catch-up with these other networks.

This is why the recent announcement from EMURGO carries significant connotations for the future of DeFi on the network. EMURGO, which is the commercial arm of the Cardano Foundation, has made moves to help further the growth of decentralized finance solutions on the ecosystem. A $100 million investment is set to be made into the DeFi ecosystem in a big to promote the development and growth of the platform.

Pushing DeFi To The Forefront

The $100 million investment in the ecosystem is meant to go towards promoting the network’s capabilities to developers and uses. Although NFTs are now live on the blockchain, decentralized finance is taking a long time as developers need to build and test their protocols before rolling them out to users. Thus making sure that users’ funds in said protocols are safe.

DeFi on the network will bring things such as lending and borrowing, yield farming, and more to the ecosystem users, which are built on the smart contracts deployed on the Cardano network. The investment will hopefully help the blockchain carve out a niche for itself in the growing decentralized finance market. Also enabling it to compete with the big dogs such as Ethereum, Solana, and Algorand.

EMURGO Bolsters Cardano-Focused Projects

During the recently concluded Cardano Summit, EMURGO unveiled a number of investments made into Cardano-focused projects around the world. CEO Ken Kodama shared that the company had made strategic investments into projects being developed on the ecosystem. EMURGO participated in seed investments rounds on these projects. To bolster development on the blockchain.


ADA trends low at $2.04 | Source: ADAUSD on TradingView.com

These include Adanian, a tech incubator based in Africa that is focused on startups building on Cardano. Milkomeda, a dcSpark side chain project that bridges Cardano and other Layer 1 blockchain protocols benefitted from EMURGO’s investments. And last but not least, ADAVERSE, also focused on incurring African startups developing their offerings on the ecosystem.

Featured image from The Coin Republic, chart from TradingView.com

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The original article was written by Best Owie and posted on NewsBTC.com.

Article reposted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

Bitcoin And Ethereum Moved From Cold Wallets

Over $5 Billion In Bitcoin And Ethereum Moved From Cold Wallets Amid China Crackdown

By Best Owie– September 28, 2021 in Bitcoin, Ethereum Reading Time: 3 min read

China continued its crackdown on crypto, leading to massive amounts of bitcoin and Ethereum being moved from exchanges. Immense pressure from Chinese central banks following the latest iteration of the China crypto ban has seen exchanges suspending operations in the region. In light of this, large amounts of crypto are being moved from exchange wallets to presumably safer wallets. The transactions are thought to be going to cold wallet storage. Crypto crackdowns in the country caused a surge in USDT sell-offs against the Yuan as users tried to get rid of their crypto holdings before the ban takes full effect. The latest release by the Peoples Bank of China targets over-the-counter activities like those carried out on Huobi and OKEx exchanges and declared that changing fiat to crypto or crypto-to-crypto was now regarded as an illegal activity in the country.

$3.1 Billion in Bitcoin and $2.4 Billion In Ethereum Moved

After Huobi announced it was going to retire Mainland China’s active user accounts, the exchange had begun to move funds. The exchange had moved a total of $3.1 billion worth of BTC on Sunday. The activity was flagged by btcparser which had flagged the initial transfer of 72,999 bitcoins being moved from Huobi’s wallets. Subsequent transfers were then made in 2,000 BTC increments. 1,800 bitcoins then went to a single address and the rest got split into small wallets. This strikes as odd but could possibly be the exchange moving the funds in the way they deem the safest.


Huobi exchange moves 800K ETH | Source: Whale Alert

The Ethereum transfers took a different route. Wallets that had been flagged as belonging to the Huobi Exchange then began to move Ethereum into unknown wallets. By the time the transfers were done, 800K ETH had been transferred. A total of eight Ethereum transactions were made, each carrying 100K in ETH worth over $285 million on each transaction. Adding up to a total of $2.4 billion in ETH moved to unknown wallets.

Exchanges Retiring Chinese User Accounts

Exchanges, following the release of the latest ban, responded by explaining that they would begin retiring user accounts. The process was meant to happen gradually in order to ensure that users’ funds remained safe. Mainland China user accounts are scheduled to be retired on December 31, 2021, the last day of the year. This gives investors roughly three months to put their crypto affairs in order. But despite this long time frame, the rush to get rid of crypto holdings saw price quotes for USDT drop to as low as 6.12 Yuan per USDT.

This is not the first time that China has banned crypto actives in the country. And every time one of these bans was announced, it has had a negative effect on the market and the latest ban has been no different. The announcement saw a crash in prices across the crypto market. Although the market has since recovered. While the effects of the crash linger on.


ETH price down following crackdown | Source: ETHUSD on TradingView.com

Featured image from DigitalTokens.io, chart from TradingView.com

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The original article was written by Best Owie and posted on NewsBTC.com.

Article reposted on Markethive by Jeffrey Sloe

EMURGO To Invest $100 Million In Cardano

EMURGO To Invest $100 Million In Cardano To Bolster DeFi Adoption

By Best Owie– September 28, 2021 in Cardano Reading Time: 2 min read

Decentralized finance (DeFi) has become an increasingly important addition to the Cardano network following the launch of smart contracts capability. Developers have been working since the Alonzo hard fork to bring their DeFi solutions to the ecosystem. But with decentralized finance already underway on blockchains such as Ethereum and Solana, Cardano has had to play catch-up with these other networks.

This is why the recent announcement from EMURGO carries significant connotations for the future of DeFi on the network. EMURGO, which is the commercial arm of the Cardano Foundation, has made moves to help further the growth of decentralized finance solutions on the ecosystem. A $100 million investment is set to be made into the DeFi ecosystem in a big to promote the development and growth of the platform.

Pushing DeFi To The Forefront

The $100 million investment in the ecosystem is meant to go towards promoting the network’s capabilities to developers and uses. Although NFTs are now live on the blockchain, decentralized finance is taking a long time as developers need to build and test their protocols before rolling them out to users. Thus making sure that users’ funds in said protocols are safe.

DeFi on the network will bring things such as lending and borrowing, yield farming, and more to the ecosystem users, which are built on the smart contracts deployed on the Cardano network. The investment will hopefully help the blockchain carve out a niche for itself in the growing decentralized finance market. Also enabling it to compete with the big dogs such as Ethereum, Solana, and Algorand.

EMURGO Bolsters Cardano-Focused Projects

During the recently concluded Cardano Summit, EMURGO unveiled a number of investments made into Cardano-focused projects around the world. CEO Ken Kodama shared that the company had made strategic investments into projects being developed on the ecosystem. EMURGO participated in seed investments rounds on these projects. To bolster development on the blockchain.


ADA trends low at $2.04 | Source: ADAUSD on TradingView.com

These include Adanian, a tech incubator based in Africa that is focused on startups building on Cardano. Milkomeda, a dcSpark side chain project that bridges Cardano and other Layer 1 blockchain protocols benefitted from EMURGO’s investments. And last but not least, ADAVERSE, also focused on incurring African startups developing their offerings on the ecosystem.

Featured image from The Coin Republic, chart from TradingView.com

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Markethive Advertisement

The original article was written by Best Owie and posted on NewsBTC.com.

Article reposted on Markethive by Jeffrey Sloe

‘Get Paid in Crypto’

Coinbase Launches ‘Get Paid in Crypto’ Direct Deposit

Coinbase is working with major payroll and HR companies to let millions of workers get paid in crypto.

By Jeff John Roberts           3 min read • Sept 27, 2021

In brief:

  • The new feature offers a practical way to receive wages in crypto for millions of US workers
  • ‘Get paid in crypto’ is tied to Coinbase’s debit card
  • The feature will go live in the next few weeks

Want to receive your paycheck in crypto? Until now, that option has been available only to a relative handful of people such as celebrity athletes or employees at cryptocurrency companies. But soon that’s about to change.

On Monday, Coinbase announced “Get paid in crypto,” a new service that will let nearly anyone in the U.S. who gets paid by direct deposit receive all or part of their wages in Bitcoin, Ethereum or various other cryptocurrencies.

Coinbase is billing the service as the “future of payroll” and, in a blog post explains how exactly this will work:

“You can set up direct deposit in just a few steps without leaving the Coinbase app. Find your current payroll company or employer and we’ll automatically update your paycheck allocation. If you’d prefer to set up direct deposit manually, we’ll provide instructions on what to share with your HR department or employer payroll website.”

The blog post also noted that those who sign up for direct deposit can receive their wages into their Coinbase account in either dollars or crypto. Both options are free—there is no service fee—though Coinbase will earn a small profit in the form of a spread for those who choose to be paid directly in crypto.

The new direct deposit option is a significant development for the crypto industry since Coinbase has tens of millions of U.S. customers. If even a small percentage of them sign up, it could increase the overall demand for Bitcoin and other digital assets.

Coinbase’s direct deposit offering follows a nascent push by 401k providers to let employees put crypto in their retirement accounts, reflecting how crypto is becoming increasingly mainstream in the broader American workforce.

For Coinbase, the direct deposit feature, which will go live in the next few weeks, is part of a larger initiative to push into conventional banking by means of its Coinbase Card debit card service.

First announced last year, the Coinbase Card is connected to the Visa network and lets users shop just as they would anywhere else, though with the difference that the purchase is funded by cryptocurrency. The value of such crypto debit cards is debatable, however, given that crypto purchases trigger tax headaches and, in the case of the Coinbase Card, come with a 2.75% transaction fee.

Coinbase has acknowledged this friction, though, and offered a reward system that pays 1% in Bitcoin on every purchase and up to 4% back in some other cryptocurrencies. Crucially, the debit card also lets users pay with no fee and receive rewards if they use the stablecoin USDC—an arrangement that offers an economic advantage and likely avoids the tax headache.

The new direct deposit is also likely to prove appealing to some customers given that it offers a way to sidestep Coinbase’s transaction fees on crypto purchases.

There is currently a waitlist for the Coinbase Card, which recently integrated Apple Pay, but a company spokesperson says numerous customers have already received one and are using them “in the wild.” She added that anyone who signs up for direct deposit will automatically be eligible for the card.

More broadly, Coinbase’s new direct deposit offering comes at a time when a wide variety of financial upstarts are challenging traditional banks for their business. Those include not only crypto companies, but fintech companies like PayPal, Venmo, Square and SoFi—which have been rapidly integrating crypto features themselves.

DISCLAIMER

THE VIEWS AND OPINIONS EXPRESSED BY THE AUTHOR ARE FOR INFORMATIONAL PURPOSES ONLY AND DO NOT CONSTITUTE FINANCIAL, INVESTMENT, OR OTHER ADVICE.

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Original article posted on the Decrypt.co site, by Jeff John Roberts.

Article re-posted on Markethive by Jeffrey Sloe

Morgan Stanley Is Bullish

Morgan Stanley Is Bullish on ‘Crypto Bank’ Silvergate

The investment bank believes the price of Silvergate stock will moon.

By Jeff Benson           3 min read • Sept 27, 2021

While many financial institutions have looked askance at cryptocurrency, Morgan Stanley—the fourth-largest investment bank in the world by revenue—has actively flirted with it.

In a research note today, Morgan Stanley recommended stock in Silvergate, which provides commercial banking and lending services to crypto firms. Morgan Stanley analyst Ken Zerbe thinks SI stock is severely undervalued at its current $109 trading price. By his reckoning, $158 would be more accurate—with the potential for $300, though he recognized there’s a risk it could fall as low as $40.

In the past 24 hours, the price of SI stock has increased by 6.5%.

“We believe Silvergate should be valued based on its earnings growth (similar to other faster-growing financials), rather than being compared against more traditional and slower-growing banks, particularly given its minimal credit risk as its [held-for-investment] loan portfolio is just 6% of earning assets,” Zerbe wrote.

He makes several cases in Silvergate’s favor. First, the company’s Silvergate Exchange Network allows customers to deposit funds with the bank and then transfer in and out of digital currencies. While it doesn’t pay depositors interest, Morgan Stanley sees this as a positive. It’s plain easier for customers to move funds but can avoid the scrutiny from securities regulators that has greeted high-interest lenders such as BlockFi and Celsius—not to mention Coinbase, which scuttled its own Lend project to avoid a standoff with the SEC.

Silvergate does, however, issue loans backed by Bitcoin—and it’s done so over the past year without posting losses or needing to liquidate customers’ positions. Morgan Stanley thinks loan demand will grow but that only a small fraction of loans will be held for investment. That’s a good thing. “Unlike most other banks, loan growth is not a meaningful driver of earnings growth (but deposit growth is), implying far less credit risk at Silvergate than most other banks,” wrote Morgan Stanley.

Though Zerbe noted the risks to cryptocurrency markets, such as regulation and price volatility, that’s outweighed by a boom in demand for crypto services: “Silvergate gives bank investors a nearly pure-play way to participate in the rapid growth of the nascent cryptocurrency industry.”

Silvergate also stands to benefit from its relationship with Facebook’s Diem project. In May, the Diem Association announced that Silvergate would be the sole issuer of its stablecoins.

Morgan Stanley has been inclined toward SI since before then. In March, it introduced its cryptocurrency exposure basket, which featured Silvergate stock along with MicroStrategy, Square, Riot Blockchain, and Nvidia (but no Tesla).

That all adds up to Morgan Stanley giving the stock an “overweight” rating, meaning it thinks the stock price will do better than industry competitors. As Morgan Stanley puts it, “Silvergate is unlike any other bank we cover, and that could be a very good thing.”

DISCLAIMER

THE VIEWS AND OPINIONS EXPRESSED BY THE AUTHOR ARE FOR INFORMATIONAL PURPOSES ONLY AND DO NOT CONSTITUTE FINANCIAL, INVESTMENT, OR OTHER ADVICE.

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Original article posted on the Decrypt.co site, by Jeff Benson .

Article re-posted on Markethive by Jeffrey Sloe