Category: Goldman Sachs
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Goldman-Backed Apple Card Restricts Cryptocurrency Purchases
Cryptocurrencies cannot be purchased with the new Apple credit card according to the American multinational technology company’s recently published customer agreement guidelines. The Apple card’s restrictions indicate that the company’s partner, Goldman Sachs, is leery toward cryptocurrencies and other “cash equivalents” like lottery tickets and casino chips. Also Read: Banks Stopped Walmart Bank – Now…
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PR: Cred and Bitcoin.com Join Forces to Boost Crypto Lending
By John Yearwood Cred Correspondent Amid a dramatic Bitcoin bull run, two of the most influential names in the blockchain finance industry have launched a platform to expand global lending and earning on investments in cryptocurrency. The partnership between Bitcoin.com and Cred allows Bitcoin.com customers to earn up to 10 percent interest on Bitcoin and…
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IMF director: “crypto disruptors are shaking the system,” launches private cryptocurrency “Learning Coin”
International Monetary Fund (IMF) chairperson Christine Lagarde stated cryptocurrency and other “disruptors” are “shaking up” the incumbent financial industry, with potentially double-sided effects. Now more than ever, authorities need to keep an eye on these disruptive technologies so stability in the global banking system will not be affected, said Lagarde. Incumbents Versus Disruptors Lagarde made the comments…
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Analysis: Why Crypto Derivatives Are Considered Dangerous
There is a new generation of cryptocurrency-based derivatives being launched in 2019 which could significantly increase overall trading flow and attract a new breed of investors. Derivatives are not without their controversies however. Over the years, they have acquired a negative reputation in some quarters, exacerbated by movies such as “The Big Short.” Also read: Market Slump…
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How Institutional Investors Are Changing the Cryptocurrency Market
Institutional investors trading cryptocurrency gained ground in 2018, with a number of high profile players edging in and taking a seat at the table. Increased interest from larger investors may have played a part in supporting digital assets as well as distorting the market. Also Read: KPMG: Institutional Investment Key to Cryptoassets Growth Will Crypto Markets…
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Crypto Bear Market Triggers Rise in M&A Activity
In 2018 there was a rapid decline in initial coin offerings, a slowdown in blockchain business launches, and a bearish crypto market. During this period, companies with good liquidity have been scaling up and strengthening by acquiring startups. Also Read: Global Cryptocurrency M&As Rise M&A Deal Frenzy in 2018 In 2017 the number of cryptocurrency and…
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Sign of Bear Market: “Blockchain” Takes Over “Crypto” on Google Trends
On Google Trends, the keyword “blockchain” has surpassed “crypto” in popularity in recent months, suggesting that the demand for the asset class has dropped in comparison to the underlying technology. Throughout the past eleven months, since January, the cryptocurrency market has suffered a 75 percent drop in valuation from $800 billion to $200 billion, as…
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The Daily: Goldman Sachs Invests in Wallet, Institutional Traders Borrow $553M
In today’s edition of The Daily we cover stories about the latest investment in the cryptocurrency space by Goldman Sachs, the amount institutional traders borrowed in the last six months from just one OTC desk, research on state-sponsored hackers, and a new security tool from Coinbase. Also Read: Security Giant G4S Offers Protected Offline Cryptocurrency…
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Goldman Sachs and Mike Novogratz Back BitGo’s “Trillion-Dollar” Custodian Solution
Joint efforts with former partner and billionaire Bitcoin bull Mike Novogratz, Goldman Sachs has thrown its weight behind BitGo in a bid to support the custodian’s lofty plan to build a “one trillion-dollar crypto wallet” for Wall Street. According to a press release by California-based BitGo—which in September made headlines as the first fully regulated…
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Former Trump Aide and Goldman Sachs Exec Gary Cohn Joins Blockchain Startup
Gary Cohn, a former chief economic aide to President Trump and president of Goldman Sachs, will join the blockchain startup Spring Labs as an advisor, Bloomberg reports. More: Gary Cohn is joining blockchain startup Spring Labs as an adviser https://t.co/pkatTjrJ3O — Bloomberg (@business) October 12, 2018 https://platform.twitter.com/widgets.js Joining the Board Spring Labs plans to utilize…