Category: Goldman Sachs

Ernst & Young Acquires Cryptocurrency Investment Software

With emerging regulations and rising client demand, major financial firms continue to explore digital asset investments. In July, Big Four accounting firm Ernst & Young acquired cryptocurrency investment software from startup Elevated Consciousness Inc. EY Enters Cryptocurrency Sector Major accounting and advisory firm Ernst & Young (EY) has acquired cryptocurrency investment management software from Silicon…

August 25, 2018
Analysts: Cryptocurrency Interest Remains High, Exchange Revenues are Evidence

Despite falling prices of cryptocurrencies like Bitcoin and Ether, a few market analysts believe 2018’s extended bear market is a mere price correction, and so-called Bitcoin “obituary” reports are “greatly exaggerated.” Exchange Fees Indicate Market Interest According to a report on Bloomberg, Sanford C. Bernstein & Co. analysts pointed out the massive revenues of cryptocurrency…

August 18, 2018
Axoni Closes $32 Million Funding Round Led by Goldman Sachs

Axoni, a New York-based enterprise provider of blockchain technology, has completed a $32 million Series B funding round. Major players took part in the funding round including Goldman Sachs, NYCA Partners, Digital Currency Group, J.P. Morgan, Wells Fargo, Citi and Andreessen Horowitz. The funding round was announced on Axoni’s official blog, Aug. 14. Founded in…

August 18, 2018
Cryptocurrency Custodian Services are Wall Street’s Chance at Being Crypto-Relevant

Despite the world’s top banks and financial institutions taking periodic jabs at the cryptocurrency market, a behind-the-scenes look suggests substantial interest. With the rising number of blockchain patents, crypto experiments and cross-border blockchain remittances, cryptocurrencies are an asset class the banks can show disdain toward, but not avoid. Two-Faced Banking Show The CEOs of two…

August 15, 2018
Prime Trust Enters Crypto Custody Race, Will Hold 'Any' Ethereum Token

Prime Trust, a Nevada trust company, says it can handle custody for bitcoin, ether and any token issued on ethereum under the ERC-20 standard.

August 15, 2018
Goldman Sachs, Wall Street Banks Sink $32 Million into Enterprise Blockchain Startup

We may, as Lightning Labs CEO Elizabeth Stark said earlier this year, be entering a “bitcoin not blockchain” world, but the global banking cabal isn’t ready to capitulate on its support for enterprise blockchain products just yet. Indeed, Axoni, an enterprise blockchain startup founded in 2013, has just concluded a $32 million Series B funding…

August 14, 2018
Goldman Sachs Leads $32 Million Funding Round for Enterprise Blockchain Startup Axoni

Enterprise-focused blockchain startup Axoni has raised $32 million in a funding round led by Goldman Sachs, joined by JPMorgan, Wells Fargo, Citigroup and others

August 14, 2018
Goldman Sachs, JPMorgan Invest in Axoni's $32 Million Funding Round

Enterprise-focused blockchain startup Axoni has completed a $32 million Series B funding round led by Goldman Sachs.

August 14, 2018
Better Ways of Storing Value Than Bitcoin, Claims Trump’s Fmr. Economic Advisor

Four months after leaving the White House as a chief economic advisor, Gary Cohn is looking for his next challenge. Among the various opportunities available, the former Goldman Sachs president has revealed that he is eyeing the cryptocurrency world. If he has his way, there could be some disruption in the offing. “I’m not keen…

August 7, 2018
Barclays Denies Crypto Products as Staff Removes ‘Digital Asset Project’ LinkedIn Info

Media attention sees Barclays appear to cover up crypto involvement, as two employees delete information from LinkedIn about a digital assets project at the bank

August 7, 2018