Wells Fargo: US bank to start trading in Bitcoin

From bbc.com

Another major US bank is set to start trading in Bitcoin, despite recent steep falls in the cryptocurrency, Wells Fargo said on Wednesday it would introduce professionally-managed funds for its more wealthy clients. In a report, its investment institute said the risks associated with digital currencies meant it would favour "qualified investors". It came as the price of Bitcoin fell 22% after China said it was imposing fresh curbs on the cryptocurrency. It took the value of the digital coin below $34,000 (£24,030) for the first time in three months on Wednesday, spurring a sell-off of other digital currencies. ... (full story)