Morgan Stanley is Planning to Leave R3, Reports Say
Banking giant Morgan Stanley is said to be pulling back from the R3 blockchain consortium.
Cryptocurrencies are now a new institutional investment class, rather than a fully developed electronic cash, a Morgan Stanley report says.
Banking giant Morgan Stanley has estimated that hedge funds invested $2 billion in cryptocurrencies this year.
CLS, the bank-owned currency trading utility, and IBM have gone live with their blockchain-based payment netting service after more than two years in development.
Morgan Stanley Chairman and CEO James Gorman has added to recent criticism of bitcoin in new comments.
Morgan Stanley CEO James Gorman thinks that bitcoin is more than a "fad," according to new statements.