Learn How Trade Crypto
Economists at global investment bank Goldman Sachs believe there to be no end in sight to the ongoing US-China trade war. Although damaging to economic interests in both nations, the lack of resolution may well be bullish for Bitcoin. The cryptocurrency has historically performed well at times of heightened geopolitical tension. This is due to […]
While some are calling out for Bitcoin to tank, others like Goldman Sachs-powered Circle are seeing a bright future for Bitcoin and crypto. Crypto is Fundamental to the Future Currently, the crypto space is going through a prolonged bear market after touching the peak in December 2017. The market has seen several attempts by bulls to […]
Nicholas Merten, the founder of DataDash, the largest cryptocurrency YouTube channel with over 316,000 subscribers, recently noted that crypto will have “four major cycles” including the “Silk Road phase” from 2011-2013, the “retail speculation” phase from 2016-2017, the “institutional speculation” phase from 2019-2020, and finally the “crypto replaces fiat” phase from 2020-2030. Nicholas [email protected]_Merten From what […]
Crypto fanatics have been on the edge of their seats waiting for the banking firm, Goldman Sachs to make an official move on the firm’s goal to integrate Bitcoin derivatives. The rumours have been stirring since October last year when the Wall Street Journal first reported the investment banking giant might intentions of launching a […]
Goldman Sachs and Mike Novogratz’ venture capital fund Galaxy Digital Ventures are investing in crypto custody solution provider BitGo Holdings. Here is how BitGo, which calls itself “the market leader in institutional-grade cryptocurrency security”, announced the news on Twitter: [email protected] Proud to have @GoldmanSachs and #GalaxyDigital on our side: Goldman and billionaire Mike Novogratz are investing in […]
“I don’t think it breaks $9,000 this year,” ventured former hedge fund chief and founder of Galaxy Digital, Mike Novogratz, about bitcoin’s price during a talk he delivered at the Finance Disrupted event organized by The Economist in Manhattan.. The Wall Street heavyweight’s new position is an informed about-face from his previous “$40,000 by year end” prediction. […]
Boston, Massachusetts-based, $6.9 trillion asset manager and financial services company, Fidelity Investments, is close to entering the cryptocurrency space, with an announcement from the firm expected “by the end of the year,” if recent comments from Fidelity’s CEO holds true. Fidelity Investments CEO Reveals Work on Crypto Products, Announcement Coming While speaking during last week’s […]
Wall street banking juggernaut, Goldman Sachs recently announced that it would be shelving plans to set up a cryptocurrency trading desk, indefinitely. The news apparently sent the crypto market sliding downwards, with bitcoin shedding as much as 5.3% of it’s value. The reluctance of incumbent institutions to acknowledge digital assets, coupled with regulatory uncertainty have raised an important important question: does the […]
Top Stories This Week Business Insider: Goldman Sachs Scraps Crypto Trading Desk Plans Goldman Sachs Group Inc. is halting its plans to open a cryptocurrency trading desk, Business Insider reported this week, but will focus on a custody product for crypto, which will allow it to hold cryptocurrency on behalf of large clients and track its price. […]
The cryptocurrency markets experienced another dramatic crash yesterday, with almost two weeks’ worth of upside being completely undone within a matter of 12 hours. Just as Bitcoin was slowly working its way out of the $6,200 level to $7,400, it quickly crashed all the way back to a low of $6,250, taking Ethereum and the […]