HSBC Has Banned Purchases Of MicroStrategy Shares – April 13


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Current Bitcoin Price$63,316

Bitcoin price has surged to new all-time highs once again, currently trading well above the $63,000 mark.

Top-20 altcoins are a mixed bag once again, with Ethereum gaining 1%, XRP leaping by 16%, and Binance Coin falling 9%.

Top Stories for April 13, 2021 🔥

👉 HSBC Has Banned Purchases Of MicroStrategy Shares

The largest bank in Europe, HSBC, has put a ban on purchases of MicroStrategy stock, labeling it a “virtual currency product”.

The bank already had a blanket ban in place on virtual currencies, which it claims has been effective since 2018. MicroStrategy currently holds about $5.5 billion of Bitcoin.

HSBC says it will still allow the holding sale and outgoing transfer of the shares, however will no longer accept new incoming transfers or purchases.

👉 Binance Launches Trading For Tokenized Stocks

Cryptocurrency exchange Binance has launched trading for tokenized stocks, beginning with tokens for the ever-popular Tesla.

Users will be able to buy as little as one-hundredth of a share, with prices being settled in the BUSD stablecoin. Coindesk report that the tokenized stocks will be backed by a portfolio of the underlying securities.

👉 New York Stock Exchange Releases NFT Collection

The New York Stock Exchange has released its very own collection of non-fungible tokens (NFTs), which commemorate significant past IPOs.

Each NFT memorializes the moment at which the companies joined the public market for the very first time,.

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