Learn How Trade Crypto
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 […]
There is an unprecedented free fall in prices of nearly all major cryptocurrencies in past 24 hours. While there is no specific reason that one can gauge for this mysterious free fall, a lot of reason seems to be popping out from various corners explain the fall. The fundamental- Goldman Sachs trading desk pull out […]
On Wednesday (5 September 2018), Mitch Steves, a research analyst at global investment bank RBC Capital Markets, said in an interview with CNBC’s Fast Money that despite Goldman Sachs’ decision to postpone running a crypto trading desk, he still maintained his forecast that the crypto space could be worth $10 trillion in 15 years. According to a CNBC report on Steves’ appearance on Fast […]
Bitcoin has recently seen its price drop to little over $6,900 after it lost over $400 in only 90 minutes. The flagship cryptocurrency’s plunge notably comes shortly after a whale associated with the now-defunct Silk Road marketplace moved thousands of BTC to crypto exchanges. As CryptoGlobe reported, a bitcoiner that had been dormant since March 9, […]
Goldman Sachs has reportedly dropped its plan of opening a bitcoin trading desk, at least in the near future, moving it down the list of products it’s set to offer in the cryptocurrency markets. The move comes as bitcoin dropped over 5% in about 90 minutes. According to a report published by Business Insider, the Wall […]
Having launched bitcoin futures trading in May, Goldman Sachs is now pondering the launch of a cryptocurrency custody service, according to Bloomberg. In a report published Monday, the news service cites anonymous sources as saying that the investment bank is mulling the creation of a secure storage service aimed at crypto funds to help protect them against the risk […]
Goldman Sachs plans to “offer [clients] custody for crypto funds,” insider sources told Bloomberg August 6, as the investment bank says it remains “undecided” on its cryptocurrency plans. As the publication reports, Goldman, which in May first hinted it would trade Bitcoin futures, now aims to offer various products linked to digital assets “in response to client interest.” “In response to […]