Strategy, the biggest corporate holder of Bitcoin, is being removed from MSCI indexes after the close on November 30. The index provider says that under its new rules, companies that mostly hold investment assets are treated like funds.
JPMorgan estimates index funds could sell $2.8 billion worth of the company's shares. That matters for Bitcoin because Strategy partly pays for its purchases by issuing new shares, so weaker demand could shrink its future buying.
Israel Discount Bank will let customers buy, hold and sell Bitcoin and Ethereum right in its mobile app from November 26.
No separate crypto exchange or wallet is needed, and money from sales goes straight to the account: until now, Israeli banks often demanded proof of where money from exchanges came from. The bank will withhold the tax on gains itself, as with stocks.
A Scottish prisoner tried to organise a £2 million crypto robbery from his cell — Robert Barr sent two accomplices to a couple's home to force them to hand over access to their cryptocurrency wallet.
The couple did not open the door, and two months later guards found messages on Barr's phone that exposed him. A court in Glasgow sentencedBarr to 8 years, and his accomplices to 4 and 5 years.