Category: Goldman Sachs
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Multi-Trillion-Dollar Investment Giant Fidelity Investments Hints At Crypto Products by End of Year
The fourth-largest asset manager in the world with over $2 trillion in assets under management, Fidelity Investments, appears to be moving above and beyond its courting stage with cryptocurrency, revealed its intention to offer crypto-related products by the end of the year. CEO Abigail Johnson raised the curtain on the firm’s ambitions to roll out…
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Economist: 2020 Will be Worse Than 2008 Recession, Institutions Will Favor Bitcoin
Nouriel Roubini, a well-recognized economist and a professor at Stern School, believes a financial crash worse than the 2008 recession will hit US markets by 2020, which may lead institutional investors to commit to crypto as an alternative store of value and asset class. On Project Syndicate, Roubini outlined 10 major factors that will fuel…
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The Daily: Dapp Revival, Remme Launch, 1 Million Cryptokitties
There are green shoots of recovery throughout the crypto markets today, which some have attributed to Morgan Stanley’s reported foray into the field. We’ve got all the details on that one, plus other tales from across the cryptosphere on what’s shaping up to be a bullish day for bitcoin. Also read: New French Law Sets Out…
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Nasdaq’s New Institutional Product for Digital Assets Is Crucial to the Crypto Market
On Sept. 11, Coindesk reported that Nasdaq, the world’s second-largest stock market, has been preparing crypto price analytics tools for institutional investors to facilitate increasing interest toward the market. Bill Dague, Nasdaq’s head of alternative data, said: “Given the abundance of interest, we are exploring cryptocurrency related datasets.” However, he cautiously added that the plans…
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PR: Killing Banks – A Financial Crypto Startup MoneyToken Announced 0% Loans and Token Burn This Wednesday
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. MoneyToken crypto-backed loans platform has announced making zero-interest loans available…
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Bitcoin Trading Desk: Goldman Sachs CFO Says Speculation Is ‘Fake News’
One of the first major investment banks to enter the cryptocurrency sector, Goldman Sachs has been hinting at launching a Bitcoin trading desk since June. Following news of a delay, Goldman Sachs CFO Martin Chavez is now saying that the firm never had a timeline for it in the first place. Goldman Sachs Never Planned…
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Goldman Sachs Postpones Launch of Bitcoin Trading Desk
Emerging regulations and increasing investor interest have drawn Wall Street into the cryptocurrency sector, and with a custody offering already in the works, investment bank Goldman Sachs is holding off on launching a Bitcoin trading desk. Direct Institutional Crypto Trading on Hold Related: Goldman Sachs Explores Crypto Trades Beyond Bitcoin Futures Hinting at it earlier…
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Goldman Sachs Out: No Crypto Trading Desk, Markets Fall
Investment bank Goldman Sachs is ditching its plans to open a cryptocurrency trading desk, reports detail. It was only early last month when rumors circulated that the legacy financial institution was even doubling down on their digital asset fever. That appears not to be the case anymore, and markets are not taking the news well. …