Category: Goldman Sachs

Goldman Sachs Is Reportedly Weighing a Crypto Custody Service

Having launched bitcoin futures trading in May, Goldman Sachs is now pondering the launch of a cryptocurrency custody service, according to a report.

August 6, 2018
Bloomberg: Goldman Sachs Plans ‘Crypto Custody’ Offering, Despite Bleak Market Predictions

Goldman Sachs is planning custody offerings for crypto funds, insider sources tell Bloomberg

August 6, 2018
Goldman Sachs May Store Bitcoin for Cryptocurrency Funds, Institutional Investors

One of the world’s most well-known investment bank is mulling launching a custodial service to store bitcoin for investment funds that want to hold cryptocurrency. Goldman Sachs May Custody Cryptocurrencies Citing multiple anonymous sources familiar with the matter, Bloomberg reports that Goldman Sachs, the second-largest investment bank, is holding discussions about becoming one of the…

August 6, 2018
We Expect Future Bitcoin Price Declines: Goldman Sachs

Investment banking giant Goldman Sachs may be launching a cryptocurrency trading desk, but that doesn’t mean that the firm is going to start making bullish bitcoin price calls. Goldman Sachs Makes Bearish Bitcoin Price Call Writing in the firm’s midyear economic outlook report, a team of Goldman investment strategists predicted that, despite having already shed…

August 4, 2018
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

August 3, 2018
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.

August 3, 2018
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

August 1, 2018
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

July 31, 2018
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

July 29, 2018
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…

July 28, 2018