Business

Morgan Stanley CEO says bitcoin isn't a large part of the bank's business, but admits crypto is more than just a 'fad'

12 days ago   |   By Business Insider

Morgan Stanley CEO James Gorman. Andrew Burton/Getty Images; Samantha Lee/Insider
Andrew Burton/Getty Images; Samantha Lee/Insider
Morgan Stanley CEO James Gorman said crypto isn't in demand for the bank's clients.
Even so, he admitted on the bank's earnings call that cryptocurrencies aren't just a fad.
He said he's watching how regulators plan to handle the space.
Morgan Stanley CEO James Gorman says crypto isn't a big part of the bank's business but, he admits, it's more than just a passing trend. Gorman made the comments on the company's third-quarter earnings call after an equity...
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Russia is mulling energy tariffs for crypto mining amid a wave of migration following China's ban, report says

12 days ago   |   By Business Insider

Getty Images
Russia is considering slapping special energy tariffs on cryptocurrency miners, CoinTelegraph reported.
The energy minister said he is exploring ways on how to distinguish energy used for crypto mining.
In June, Beijing ordered bitcoin miners in the country to shut down, triggering an exodus from China.
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Russia is considering slapping special energy tariffs on cryptocurrency miners amid a wave of migration following China's recent wide-ranging industry ban, CoinTelegraph reported. Energy Minister Nikolai...
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Mark Cuban recommends investing in dogecoin for 'fun,' but says ethereum has the most upside when it comes to crypto

12 days ago   |   By Business Insider

'Shark Tank' star Mark Cuban. Christopher Willard/ABC via Getty Images
Christopher Willard/ABC via Getty Images
Mark Cuban said ethereum has the "most upside" in the crypto world, CNBC reported.
The billionaire investor said dogecoin is "fun" and educational.
The meme-inspired coin also has the best use-case for buying goods and services, he said previously.
When it comes to crypto, billionaire investor and Shark Tank host Mark Cuban said ethereum might be the best bet. "As an investment, I think ethereum has the most upside," Cuban told CNBC Wednesday. So far this year, ethereum has...
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