{"id":3833,"date":"2021-02-16T08:36:55","date_gmt":"2021-02-16T07:36:55","guid":{"rendered":"https:\/\/satt-token.com\/blog\/?p=3833"},"modified":"2022-03-15T11:13:24","modified_gmt":"2022-03-15T10:13:24","slug":"crypto-highlights-week-7-a-subsidiary-of-morgan-stanley-is-considering-a-strategic-move-to-invest-150-billion-in-bitcoin","status":"publish","type":"post","link":"https:\/\/satt-token.com\/blog\/archives\/3833","title":{"rendered":"Crypto Highlights Week #7 \u2013 A Subsidiary of Morgan Stanley is considering a strategic move to invest $150 Billion in Bitcoin \u00a0"},"content":{"rendered":"<p><b>Crypto Highlights: <\/b><em>Morgan Stanley\u2019s rumored $150B investment in Bitcoin, India Likely to Ban Cryptocurrency in the next few months. There is more in this week\u2019s Crypto Highlights.&nbsp;<\/em><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_32 counter-hierarchy counter-decimal ez-toc-grey\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table des mati\u00e8res<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" style=\"display: none;\"><label for=\"item\" aria-label=\"Table des mati\u00e8res\"><i class=\"ez-toc-glyphicon ez-toc-icon-toggle\"><\/i><\/label><input type=\"checkbox\" id=\"item\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1'><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/satt-token.com\/blog\/archives\/3833\/#Top_Headlines_Of_The_Week\" title=\"Top Headlines Of The Week\">Top Headlines Of The Week<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/satt-token.com\/blog\/archives\/3833\/#Top_Stories_Of_The_Week\" title=\"Top Stories Of The Week\">Top Stories Of The Week<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/satt-token.com\/blog\/archives\/3833\/#Bitcoin_makes_another_run_at_50k_giving_a_hopeful_start_to_the_3rd_week_of_February\" title=\"Bitcoin makes another run at $50k giving a hopeful start to the 3rd week of February\">Bitcoin makes another run at $50k giving a hopeful start to the 3rd week of February<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/satt-token.com\/blog\/archives\/3833\/#Regulatory_concerns_over_the_cryptocurrency_space_have_come_to_haunt_crypto_again_as_several_nations_impose_restrictions\" title=\"Regulatory concerns over the cryptocurrency space have come to haunt crypto again as several nations impose restrictions\">Regulatory concerns over the cryptocurrency space have come to haunt crypto again as several nations impose restrictions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/satt-token.com\/blog\/archives\/3833\/#Hester_Peirce_believes_that_clear_cryptocurrency_rules_are_needed_now_more_than_ever\" title=\"Hester Peirce believes that clear cryptocurrency rules are needed now more than ever\">Hester Peirce believes that clear cryptocurrency rules are needed now more than ever<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/satt-token.com\/blog\/archives\/3833\/#Mainstream_Adoption_Of_The_Week\" title=\"Mainstream Adoption Of The Week\">Mainstream Adoption Of The Week<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/satt-token.com\/blog\/archives\/3833\/#A_Subsidiary_of_Morgan_Stanley_is_considering_a_strategic_move_to_invest_150_Billion_in_Bitcoin\" title=\"A Subsidiary of Morgan Stanley is considering a strategic move to invest $150 Billion in Bitcoin\">A Subsidiary of Morgan Stanley is considering a strategic move to invest $150 Billion in Bitcoin<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/satt-token.com\/blog\/archives\/3833\/#Exclusive_From_SaTT\" title=\"Exclusive From SaTT\">Exclusive From SaTT<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/satt-token.com\/blog\/archives\/3833\/#Advertising_giant_SaTT_announces_plans_to_re-open_transaction_password_insurance_for_SaTT_token_holders\" title=\"Advertising giant, SaTT announces plans to re-open transaction password insurance for SaTT token holders\">Advertising giant, SaTT announces plans to re-open transaction password insurance for SaTT token holders<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/satt-token.com\/blog\/archives\/3833\/#This_Weeks_Market_Sentiment\" title=\"This Week\u2019s Market Sentiment\">This Week\u2019s Market Sentiment<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/satt-token.com\/blog\/archives\/3833\/#Ethereum_price_is_closer_to_2000_than_it_may_appear_to_the_average_trader\" title=\"Ethereum price is closer to $2000 than it may appear to the average trader?\">Ethereum price is closer to $2000 than it may appear to the average trader?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/satt-token.com\/blog\/archives\/3833\/#Meme_Of_The_Week\" title=\"Meme Of The Week\">Meme Of The Week<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Top_Headlines_Of_The_Week\"><\/span><b>Top Headlines Of The Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img decoding=\"async\" class=\"alignnone wp-image-2426\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/3.jpg\" alt=\"\" height=\"467\" title=\"\"><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><strong>Morgan Stanley to consider a $150billion investment in Bitcoin. Will it open doors for more investment firms to follow through?<\/strong><\/li>\n<li style=\"font-weight: 400;\"><strong>Ethereum eyes $2000 as altcoins lead the way in the crypto market, while Bitcoin makes a run of its own at breaking $50k.&nbsp;<\/strong><\/li>\n<li style=\"font-weight: 400;\"><strong>India is likely to ban cryptocurrency in the near future, how will that impact the Asian crypto market?&nbsp;<\/strong><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Top_Stories_Of_The_Week\"><\/span><b>Top Stories Of The Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Bitcoin_makes_another_run_at_50k_giving_a_hopeful_start_to_the_3rd_week_of_February\"><\/span><a href=\"https:\/\/cointelegraph.com\/news\/bny-mellon-s-crypto-entrance-seeks-to-bridge-generational-adoption-gap\" target=\"_blank\" rel=\"noopener\"><b>Bitcoin makes another run at $50k giving a hopeful start to the 3rd week of February<\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3808\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Bitcoin-cover_9.jpg\" alt=\"\" width=\"700\" height=\"394\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Bitcoin-cover_9.jpg 1600w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Bitcoin-cover_9-300x169.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Bitcoin-cover_9-1024x576.jpg 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Bitcoin-cover_9-768x432.jpg 768w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Bitcoin-cover_9-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">This week&#8217;s crypto highlights begins with BTC&#8217;s latest bull run towards $50k. Bitcoin gained a little over 4% this time around thanks to this overnight bull run.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Earlier today(16th), bitcoin made another run at breaking $50k resistance level, rising up from the $47k region. While bulls were unsuccessful at their attempt to push beyond the much anticipated $50k, bitcoin reached a new ATH at $49, 482 according to market data from Coinmarketcap.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The closest incident to initiate this bull run can be traced to the <\/span><a href=\"https:\/\/www.bnymellon.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">BNY Mellon Bank\u2019s <\/span><\/a><span style=\"font-weight: 400;\">entrance into the crypto market. The banking giant holds $2.2 trillion in <\/span><a href=\"https:\/\/www.bnymellon.com\/us\/en\/about-us\/about-bny-mellon.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">assets<\/span><\/a><span style=\"font-weight: 400;\"> under management and $41.1 trillion in assets under custody and\/or administration.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Accordion to a recent <\/span><a href=\"https:\/\/www.wsj.com\/articles\/bitcoin-to-come-to-america-s-oldest-bank-bny-mellon-11613044810\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">news publication<\/span><\/a><span style=\"font-weight: 400;\">,&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The banking giant announced its decision to <\/span><b>hold, transfer and issue Bitcoin and other cryptocurrencies <\/b><span style=\"font-weight: 400;\">as an asset manager on behalf of its clients, potentially exposing this asset class to an entirely new section of investors.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As one of the oldest banks and more importantly as one of America\u2019s biggest custodians serving registered financial advisors, this provides a huge breakthrough for both the average investors who would like to invest in digital assets as well as portfolio managers, financial advisors to recommend their clients to buy and hold Bitcoin and other digital assets.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Summing up the importance of this move by BNY, is Hank Holland, former managing director of Merrill Lynch and current managing partner of private equity firm Pegasus Growth Capital;<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">\u201cBNY\u2019s commitment to custody digital assets is a necessary, predicated step for broader investor acceptance and adoption of BTC and other crypto assets:\u201d<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">Coming back to price action for BTC, it\u2019s highly probable that BTC price will break $50k before the end of the week, given the significant developments around bitcoin acceptance and wider adoption in the US market. <\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Regulatory_concerns_over_the_cryptocurrency_space_have_come_to_haunt_crypto_again_as_several_nations_impose_restrictions\"><\/span><a href=\"https:\/\/www.nytimes.com\/2021\/01\/30\/business\/dealbook\/crypto-regulation-blockchain.html\" target=\"_blank\" rel=\"noopener\"><b><i>Regulatory concerns over the cryptocurrency space have come to haunt crypto again as several nations impose restrictions<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img decoding=\"async\" class=\"alignnone wp-image-2641\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/india-crypto.jpg\" alt=\"\" height=\"318\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/india-crypto.jpg 880w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/india-crypto-300x136.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/india-crypto-768x349.jpg 768w\" sizes=\"(max-width: 880px) 100vw, 880px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">More than $1.89 billion worth of cryptocurrency futures positions were liquidated over the past 24 hours as Bitcoin and Ether dropped sharply.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Balaji Srinivasan, Former CTO at Coinbase has termed that India&#8217;s impending ban on Bitcoin and other cryptocurrencies would be like banning the &#8220;<\/span><i><span style=\"font-weight: 400;\">financial internet<\/span><\/i><span style=\"font-weight: 400;\">.&#8221; This emphasizes the impact India as a nation has on cryptocurrency &#8211; be it traders, exchanges, community, and holders.&nbsp;<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">\u201cIt\u2019s really important that the ban (India\u2019s plan to ban owning, trading, mining, or investing in cryptocurrency) should not go through. It would be a trillion-dollar mistake for India, without exaggeration.\u201d <\/span><\/i><span style=\"font-weight: 400;\">Added Srinivasan.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the other hand, an anonymous senior official from the Finance Ministry has <\/span><a href=\"https:\/\/www.bloombergquint.com\/business\/intent-on-ban-india-to-give-transition-time-to-crypto-investors-bq-exclusive\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">said <\/span><\/a><span style=\"font-weight: 400;\">&nbsp;Bloomberg that the upcoming ban was very likely to occur, revealing that crypto holders will have three to six months to convert their funds back into legal tender.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the ban is implemented, it\u2019ll be one of the costliest mistakes for India as the loss could very well be over $1T. The trading revenue will thereafter flow out of India into the nearby exchanges in the Asian exchange.&nbsp;<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Hester_Peirce_believes_that_clear_cryptocurrency_rules_are_needed_now_more_than_ever\"><\/span><a href=\"https:\/\/www.investing.com\/news\/cryptocurrency-news\/institutional-adoption-underscores-urgency-of-clear-crypto-rules-says-hester-pierce-2418836\" target=\"_blank\" rel=\"noopener\"><b>Hester Peirce believes that clear cryptocurrency rules are needed now more than ever<\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img decoding=\"async\" class=\"alignnone wp-image-3120\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/us-regulators-single-rule.jpg\" alt=\"\" height=\"394\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/us-regulators-single-rule.jpg 1280w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/us-regulators-single-rule-300x169.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/us-regulators-single-rule-1024x576.jpg 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/us-regulators-single-rule-768x432.jpg 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">As institutions move into the cryptocurrency space, the need for clear rules regarding digital assets is critical, an official at the Securities and Exchange Commission said.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">SEC commissioner Hester Peirce made a bold statement on Monday the 15th, stating \u201cInstitutional adoption of crypto underscores the urgency for clear rules and regulations to operate on the crypto space\u201d. Her argument stemmed from the fact that major businesses such as Mastercard, Tesla having already started investing in bitcoin earlier in the year.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Speaking to Reuters, Peirce <\/span><a href=\"https:\/\/www.reuters.com\/article\/uk-usa-sec-crypto-currency\/clear-crypto-rules-urgently-needed-as-major-companies-embrace-asset-sec-official-idUSKBN2AD0ML\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">expressed<\/span><\/a><span style=\"font-weight: 400;\"> the implications of institutional crypto adoption, after a series of crypto-related events unfolded over the last few weeks. These events started when Elon Musk\u2019s <\/span><a href=\"https:\/\/cointelegraph.com\/news\/tesla-expects-to-begin-accepting-bitcoin-for-payment\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Tesla hinted at accepting payments in Bitcoin<\/span><\/a><span style=\"font-weight: 400;\"> and payment giant <\/span><a href=\"https:\/\/www.businessinsider.com\/mastercard-allow-cryptocurrencies-use-payments-network-2021-2\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Mastercard announced its allow crypto services to use its network<\/span><\/a><span style=\"font-weight: 400;\">.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Hester Peirce also stated that the crypto industry could lookout for a new perspective on the adoption of cryptocurrencies, along with the Biden administration in line with this rising institutional interest.&nbsp;<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">\u201cIt\u2019s not only that there have been calls for clarity for some time and that a new administration brings the chance to take a fresh look, but it also is a moment where it seems others in the marketplace are also taking a fresh look.\u201d&nbsp;<\/span><\/i><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Mainstream_Adoption_Of_The_Week\"><\/span><b>Mainstream Adoption Of The Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"A_Subsidiary_of_Morgan_Stanley_is_considering_a_strategic_move_to_invest_150_Billion_in_Bitcoin\"><\/span><a href=\"https:\/\/www.bloombergquint.com\/business\/morgan-stanley-may-bet-on-bitcoin-in-150-billion-investment-arm\" target=\"_blank\" rel=\"noopener\"><b><i>A Subsidiary of Morgan Stanley is considering a strategic move to invest $150 Billion in Bitcoin<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3835\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Morgan-stanley-bitcoin-btc-cryptocurrencies-futures.jpg\" alt=\"\" width=\"700\" height=\"394\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Morgan-stanley-bitcoin-btc-cryptocurrencies-futures.jpg 1458w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Morgan-stanley-bitcoin-btc-cryptocurrencies-futures-300x169.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Morgan-stanley-bitcoin-btc-cryptocurrencies-futures-1024x576.jpg 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Morgan-stanley-bitcoin-btc-cryptocurrencies-futures-768x432.jpg 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Is Morgan Stanley the next domino to fall in the institutional takeover of crypto?&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ever since Morgan Stanley bought a <\/span><a href=\"https:\/\/decrypt.co\/53630\/morgan-stanley-buys-10-stake-in-microstrategy-to-up-bitcoin-exposure\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">10% stake in MicroStrategy investment<\/span><\/a><span style=\"font-weight: 400;\">, the world has been waiting for Morgan Stanley to make a huge move that solidifies their interest in cryptocurrency as an investment alternative.&nbsp;<\/span><\/p>\n<p><a href=\"https:\/\/www.microstrategy.com\/en\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">MicroStrategy<\/span><\/a><span style=\"font-weight: 400;\">, was one of the first major institutions to place its trust in Bitcoin. The business intelligence firm enjoyed over 130%+ gains from its investment of $1Billion in BTC, purchased last year. The learnings from investing in crypto especially on its biggest asset &#8211; Bitcoin, has put MicroStrategy\u2019s name on center stage on many occasions in the past few months.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Given the steady performance of the most desired digital asset of all time in recent months, <\/span><a href=\"https:\/\/www.morganstanley.com\/im\/en-ch\/intermediary-investor\/about-us\/investment-teams\/active-fundamental-equity\/counterpoint-global-team.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Counterpoint Global<\/span><\/a><span style=\"font-weight: 400;\">, a subsidiary of Morgan Stanley that owns $150 Billion in assets under management(AUM)&nbsp; is considering Bitcoin as a suitable investment option for its investors. Usually, huge firms such as Morgan Stanley show an emphasis on the safety, reliability, and yield-generating potential of an asset before investing. Bitcoin today has proven that it is all of what\u2019s mentioned above and beyond. It is also one of the reasons why investing in Bitcoin or rather any cryptocurrency is rather an exclusive choice.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Following this news, <\/span><a href=\"https:\/\/www.financemagnates.com\/cryptocurrency\/news\/is-it-too-late-to-buy-bitcoin-tesla-rally-brings-btc-close-to-50k\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">bitcoin made a rally towards $50k<\/span><\/a><span style=\"font-weight: 400;\"> pushing beyond $49k+ yesterday. Many believe that it was Morgan Stanley\u2019s announcement that drove exponential interest for the digital asset in the near-term.&nbsp;<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Exclusive_From_SaTT\"><\/span><b>Exclusive From SaTT<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Advertising_giant_SaTT_announces_plans_to_re-open_transaction_password_insurance_for_SaTT_token_holders\"><\/span><b><i><a href=\"https:\/\/satt-token.com\/blog\/2021\/02\/15\/we-are-reopening-our-transaction-password-insurance\/\">Advertising giant, SaTT announces plans to re-open transaction password insurance for SaTT token holders<\/a><\/i><\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h3><img loading=\"lazy\" decoding=\"async\" class=\"img-responsive alignnone wp-image-3459\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/01\/PR_binance.jpg\" alt=\"SaTT Lists on Binance DEX\" width=\"700\" height=\"310\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/01\/PR_binance.jpg 1920w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/01\/PR_binance-300x133.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/01\/PR_binance-1024x454.jpg 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/01\/PR_binance-768x340.jpg 768w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/01\/PR_binance-1536x681.jpg 1536w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/h3>\n<p><span style=\"font-weight: 400;\">Since launch, Smart Advertising Transaction Token commonly known as <\/span><a href=\"https:\/\/satt-token.com\/\"><span style=\"font-weight: 400;\">SaTT<\/span><\/a><span style=\"font-weight: 400;\"> has been making headlines in the crypto airwaves for their revolutionary blockchain-based products.&nbsp;<\/span><\/p>\n<p>SaTT <a href=\"https:\/\/satt-token.com\/blog\/2021\/02\/15\/we-are-reopening-our-transaction-password-insurance\/\">announced<\/a> that they are re-opening their transaction password insurance for its holders again from the 12th of February to the 12th of March 2021.<\/p>\n<p>&#8220;The decision to implement this insurance offering was taken so as not to penalize our SaTT holders who have lost access to their transaction passwords.&#8221; said a SaTT senior official.<\/p>\n<p>SaTT first carried out this operation in November last year for a duration of 4 weeks and managed to process 55 forms and successfully,<\/p>\n<p><strong>\u2192 transferred 78,039,017.37 SaTT + SaTTv<\/strong><br \/>\n<strong>\u2192 transferred 2.008 ETH and 0.0034 BTC<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Early this year, SaTT also<\/span>&nbsp;announced its listing on Binance DEX with <span style=\"font-weight: 400;\">BSATT, a BEP8 token optimized for the Binance Chain users are able to list directly against BNB and\/or BUSD without undergoing the voting process of validators.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Expressing his thoughts, a senior SaTT official stated,<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201c For the first six months period of 2021, we will be focused on releasing our enterprise crypto wallet for iOS users,&nbsp; adopting \u201cPay by SaTT\u201d for enterprise e-commerce, redeploying the SaTT wallet interface, and many more. \u201c&nbsp;<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"This_Weeks_Market_Sentiment\"><\/span><b>This Week\u2019s Market Sentiment<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Ethereum_price_is_closer_to_2000_than_it_may_appear_to_the_average_trader\"><\/span><a href=\"https:\/\/www.coinspeaker.com\/ethereum-price-2000-this-month\/\" target=\"_blank\" rel=\"noopener\"><b>Ethereum price is closer to $2000 than it may appear to the average trader?<\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-2640\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/ETH.jpg\" alt=\"\" width=\"700\" height=\"394\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/ETH.jpg 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/ETH-300x169.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/ETH-768x432.jpg 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Both on-chain and trading metrics indicate <\/span><a href=\"https:\/\/investorplace.com\/2021\/01\/the-dip-is-an-opportunity-ethereum-will-reach-new-highs\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Ether dips are meant for buying<\/span><\/a><span style=\"font-weight: 400;\"> as ETH eyes $2,000 in the short term.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Several altcoins apart from ETH have been setting new yearly highs in the last week.&nbsp; The most notable cryptocurrencies among them include Litecoin, BitcoinCash, XRP etc. Summing up the overall sentiment, with plenty of institutional interest coming bitcoin\u2019s way, it\u2019ll be seemingly impossible to stop a run at $50,000.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This week\u2019s market sentiment in the crypto highlights focuses on Ethereum. <\/span><a href=\"https:\/\/www.coindesk.com\/ether-cryptocurrency-passes-1800-for-first-time\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">ETH has been steadily trading over the 1,700 regions<\/span><\/a><span style=\"font-weight: 400;\"> throughout last week before pushing past $1800 as well reaching a new ATH north of $1850.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There are various indicators to determine a digital asset\u2019s future movement. Price action movement, technical analysis, network usage are some of the key parameters to pay attention to. Despite the relatively high transaction fees, Coin Metrics data shows the 14-day average transactions and transfers rallying above $9 billion in daily transactions. This is a 32% increase from the previous month. This significant increase in transaction and transfer value signals strength can only suggest that Ether&#8217;s price is sustainable at the current levels.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It also indicates that the market isn\u2019t bearish for Ether in the near-term. With exchange withdrawals exceeding 60,000 ETH in the last 2 weeks alone,&nbsp; suggests their intentions are to HODL.&nbsp;<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Meme_Of_The_Week\"><\/span><b>Meme Of The Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3834\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/vWUqfc1.jpg\" alt=\"\" width=\"700\" height=\"620\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/vWUqfc1.jpg 800w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/vWUqfc1-300x266.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/vWUqfc1-768x680.jpg 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p>We hope you enjoyed this week&#8217;s edition of crypto highlights. For a peek at our last edition of crypto highlights &amp; blockchain news, click <a href=\"https:\/\/satt-token.com\/blog\/2021\/02\/02\/crypto-highlights-week-5-everything-from-last-week-you-dont-want-to-miss\/\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto Highlights: Morgan Stanley\u2019s rumored $150B investment in Bitcoin, India Likely to Ban Cryptocurrency in the next few months. There is more in this week\u2019s Crypto Highlights.&nbsp; Top Headlines Of The Week Morgan Stanley to consider a $150billion investment in [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":3227,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[47],"tags":[79,105,106],"class_list":["post-3833","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-stories","tag-bitcoin","tag-crypto-news","tag-crypto-weekly"],"_links":{"self":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/3833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/comments?post=3833"}],"version-history":[{"count":2,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/3833\/revisions"}],"predecessor-version":[{"id":10982,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/3833\/revisions\/10982"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/media\/3227"}],"wp:attachment":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/media?parent=3833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/categories?post=3833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/tags?post=3833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}