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From scoffing at crypto to racing to be first to market with a crypto trading desk, fiat institutions have certainly changed their tune. Goldman Sachs, Morgan Stanley, Barclays, CBOE and others now all see a lucrative market
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Barclays’ CEO Jes Staley denies that the bank is considering launching its own cryptocurrency trading desk #NEWS
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The top 10 coins see mild fluctuations today, with the exception of BCH – up 12% on the day and 85% on the week #NEWS
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A lot of things are changing in the world of cryptocurrency. Banks are slowly making a complete 180-degree turn in regards to this new form of money. After many years of opposing Bitcoin and similar currencies, financial giants are now entering the cryptocurrency markets. Barclays is the latest institution to consider taking this surprising approach. Barclays Wants to Trade Cryptocurrencies It is always interesting to see how banks decide to venture into the world of cryptocurrency. Given the negative attitude of banks when it comes to Bitcoin, any venture in this space will be scrutinized first and foremost. Even so, it appears Barclays is keeping aPowered by WPeMatico
While the big banks are usually very skeptical of bitcoin in public, below the radar they could all already be making plans to gain a foothold for themselves in the ecosystem. The latest example is Barclays that is reportedly asking clients about a possible move into the crypto trading space. Also Read: Coinbase Acquires Earn.com […]
The post Barclays Testing the Waters for a Cryptocurrency Trading Desk appeared first on Bitcoin News.
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Bitcoin’s price has suffered a slight blunder. After spiking to nearly $8,400 over the weekend, the coin fell during today’s early morning hours to $7,900, but has since rebounded to about $8,000 at press time. It’s good news to know that while bitcoin failed to develop stronger resistance during its Sunday high, the drop wasn’t any worse. Joining bitcoin with an exact-matching four percent drop in value is ether, which has fallen from approximately $537 to $503 at the time of writing. In addition, bitcoin cash, Ripple’s XRP and litecoin have all fallen by roughly three percent each. Drops inPowered by WPeMatico
Bitcoin is currently standing at $6,800. After a weekend rise to $7,000, the coin’s ascension was halted suddenly and fell back to the $6,700 mark. It has risen by over $100 since yesterday. The previous rise could be attributed to major financial players getting involved in the crypto space. After repeatedly calling bitcoin a “bubble” and “mere speculation,” wealthy hedge fund manager George Soros gave his company Soros Fund Management a clear path towards cryptocurrency investments and announced that the venture would start trading cryptocurrencies within the coming months. Considering Soros’ power in the financial industry, it’s safe to sayPowered by WPeMatico
Coinbase has revealed that it has obtained a bank account with major U.K-based multinational financial services company, Barclays. The partnership comprises the first agreement reached between a leading U.K bank and a cryptocurrency exchange. Also Read: Secretive High-Tech Wall Street Trading Firm is Now Trading Bitcoin Coinbase Opens Account With Barclays The opening of an account […]
The post Coinbase Reveals Partnership With Barclays Bank appeared first on Bitcoin News.
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Crypto exchange Coinbase, now the first crypto exchange to open a UK bank account, will add support for UK’s Faster Payments Scheme #NEWS
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