Get the latest market trends in your inbox
Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Denver news in your inbox
Catch up on the most important stories affecting your hometown with Axios Denver
Des Moines news in your inbox
Catch up on the most important stories affecting your hometown with Axios Des Moines
Minneapolis-St. Paul news in your inbox
Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul
Tampa-St. Petersburg news in your inbox
Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg
Photo: Spencer Platt/Getty Images
"Some of the biggest names on Wall Street are warming up to Bitcoin, a virtual currency that for nearly a decade has been consigned to the unregulated fringes of the financial world," the N.Y. Times' Nathaniel Popper reports:
Why it matters: "The moves ... mark a dramatic shift toward the mainstream for a digital token that has been known primarily for its underworld associations and status as a high-risk, speculative investment."
- What's new: "The parent company of the New York Stock Exchange [Intercontinental Exchange] has been working on an online trading platform that would allow large investors to buy and hold Bitcoin."
- "The news of the virtual exchange, which has not been reported before, came after Goldman Sachs went publicwith its intention to open a Bitcoin trading unit — most likely the first of its kind at a Wall Street bank."