Goldman Sachs Pivots From Bitcoin Trading Desk to Custody Service

Goldman Sachs has announced that it is shelving its proposed plan to open a Bitcoin trading desk due to the uncertainty of the industry’s regulatory landscape. Instead, the financial giant says it will focus its efforts towards developing robust solutions for cryptocurrency custody. Bank Says Regulatory Uncertainty to Blame for Decision According to Business Insider, […]

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Bitcoin Price Back Over $7,000 on Growing Support From Wall Street

Growing support from Wall Street is encouraging Bitcoin bulls. As a result, big money from financial institutions could soon enter the crypto market. Investing in Digital Gold Bitcoinist reported yesterday that Goldman Sachs is moving to solve Bitcoin’ main obstacle for institutional investors: custody. This comes hot on the heels of other companies like the operator of […]

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UBS: Bitcoin Can Replace Fiat Money When It Hits $213,000

Bitcoin will eventually replace the U.S. dollar and all other fiat currencies. When this will happen, nobody knows. However, a recent UBS study concludes that for Bitcoin to replace the U.S. currency, it has to reach a value of about $213,000 USD. Money and Traditional Banking Systems Are Obsolete Fiat money and traditional banking are […]

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Factors That Will Push Bitcoin’s Price Higher Are Gathering Steam

Julio Gil-Pulgar · June 12, 2018 · 10:30 pm The hacking of exchanges and relentless attacks from financial powers have, in the short run, adversely affected the price of Bitcoin. However, once the news about these adverse effects fades, investors will be able to turn their focus to several bright ongoing developments. What Doesn’t Kill […]

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Wall Street Cryptocurrency Trading is Imminent, Former J.P. Morgan Exec Says

Osato Avan-Nomayo · May 20, 2018 · 7:00 pm The cryptocurrency market continues to be a trending topic in the world of finance. However, the question remains; when will Wall Street banks begin crypto trading? The day is closer than we think, according to a former J.P. Morgan executive. Big Banks to Start Trading Cryptocurrency […]

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Goldman Sachs Opens Bitcoin to Institutional Investors

Adam James · May 14, 2018 · 11:00 am Goldman Sachs will help institutional investors bet on Bitcoin price — but what will it do to the cryptocurrency market?  Goldman Goes All In Following a slew of inquiries from hedge funds, foundations, and endowments benefiting from Bitcoin millionaires, Goldman Sachs has become the first regulated […]

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Minimum Bitcoin Trade Sizes Double at Goldman Sachs-Backed OTC Trading Desk

Adam James · April 23, 2018 · 5:30 am Trading volume for Bitcoin and other cryptocurrencies may be down from its all-time highs, but the action for big-money, over-the-counter traders is starting to pick up. Big Money Movers As signs of life from Bitcoin begin to make waves in the broader cryptocurrency market, the amount […]

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