Bloomberg: Goldman Sachs Plans ‘Crypto Custody’ Offering, Despite Bleak Market Predictions
Goldman Sachs is planning custody offerings for crypto funds, insider sources tell Bloomberg Go to Source Powered by WPeMatico
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Bitcoin Price Watch: Currency Dives Deeper in the Red
At press time, the father of crypto has sunk deeper into oblivion and is now trading for just over $6,900. This is a $600 drop from yesterday’s price, which leaves many investors and enthusiasts worrying about the future of crypto. Is bitcoin about to disappear for good? All the currency’s gains over the last two … Read more
Goldman Sachs Investment Strategy Group: ‘Crypto Mania’ a Risk to Stable 2018 Outlook
In a mid-year report, Goldman Sachs Investment Strategy Group claims that “crypto mania” is a risk factor for the firm’s 2018 market outlook Go to Source Powered by WPeMatico
Institutional Investors and Fintech: Will Wall Street Go Head-First Into Crypto?
How close are Wall Street institutions to entering crypto markets? JP Morgan, Goldman Sachs, Blackrock and Morgan Stanley on their way. Go to Source Powered by WPeMatico
Bitcoin Price Watch: Currency Continues to Suffer Substantial Losses
At press time, the father of cryptocurrency has fallen by another $60+ and is trading for about $7,485. This is another massive fall from yesterday’s $7,550, which in turn was a drop from the $8,000+ the currency was enjoying all last week. Overall, things are not looking great for bitcoin. Wall Street player Goldman Sachs … Read more
Morgan Stanley Hires Credit Suisse Crypto Expert as Head of Digital Asset Markets
Multinational investment bank Morgan Stanley has hired a self-described crypto trading expert and 12-year veteran of Credit Suisse as its new head of digital asset markets Go to Source Powered by WPeMatico
Former Pershing Exec Jeff Horowitz Joins Coinbase as Chief Compliance Officer
Coinbase has hired Jeff Horowitz, formerly a managing director at Pershing LLC and a banking regulator with the FDIC, as its Chief Compliance Officer Go to Source Powered by WPeMatico
FX Settlement Provider CLS Begins Final Testing for Blockchain Payment Banking Service
At least 7 banks are reportedly ready to sign up to the CLS blockchain-based payment netting service after the launch this summer, as the service enters its final testing stages Go to Source Powered by WPeMatico
Giant Bitcoin Merchant Bank Posts Losses Over $130 Million
Galaxy Digital, one of the earliest and largest cryptocurrency merchant banks in the space, founded by billionaire Mike Novogratz, posted first quarter earnings. Published accounts suggest the firm has lost $134 million due to a combination of an extended bear market and the usual course of starting a large company. Many analysts wonder aloud what … Read more
Fortune Releases First-Ever Crypto-Focused ’40 Under 40′ Annual Rankings
Following last week’s “40 under 40,” Fortune has created a crypto-focused version of its prestigious honor roll for impressive young innovators at the intersection finance and tech Go to Source Powered by WPeMatico