Tag Archives: Goldman Sachs

Goldman Sachs Explore Crypto Trades, Can’t Rule It Out Having a Future in Finance

Goldman Sachs Explore Crypto Trades, Can’t Rule It Out Having a Future in Finance

Speaking at an event, Goldman Sachs CEO Lloyd Blankfein talked about Bitcoin in an optimistic light, saying that although he doesn’t own any, he can’t rule out the cryptocurrency having a future in the world of finance. In other Goldman news, COO David Solomon has said that the firm is exploring alternative cryptocurrency trades beyond the […]

Reports: Investment Giant Fidelity Issues Job Offers for Crypto Exchange Devs

Reports: Investment Giant Fidelity Issues Job Offers for Crypto Exchange Devs

US investment giant Fidelity Investments is hiring developers to build a cryptocurrency exchange, reports claim June 6 citing internal correspondence. Fidelity, with its $2.45 trln under management, has allowed clients to hold Bitcoin alongside traditional assets, and is now reportedly circulating job offers related to building a “digital asset exchange.” Specifically, executives notified employees the firm is looking for a DevOps System Engineer “to help engineer, […]

Goldman Sachs-Backed Circle Announces Cryptocurrency Version of US Dollar

Goldman Sachs-Backed Circle Announces Cryptocurrency Version of US Dollar

Goldman Sachs-backed payment company Circle has announced that it is introducing a cryptocurrency version of the U.S. dollar. Circle’s Digital Coin Aims to Solve Volatility In an announcement today, the fintech startup revealed that a new digital currency would be pegged to the U.S. dollar, known as Circle USDC (USD Coin). According to the company, the invention […]

Goldman Sachs Executives are Moving to Cryptocurrency Hedge Funds

Goldman Sachs Executives are Moving to Cryptocurrency Hedge Funds

Blocktower Capital has expanded once again by poaching the executive ranks at Goldman Sachs as the migration from Wall St. to crypto land continues. Blocktower Stacks Executive Rolls from Goldman’s Ranks Blocktower Capital is one of the most prominent of over two hundred hedge funds in the booming crypto space right now. Founded in April 2017 by Ari Paul […]

Goldman Sachs Hires First Cryptocurrency Trader in Its Markets Unit

Goldman Sachs Hires First Cryptocurrency Trader in Its Markets Unit

Goldman Sachs has made its first hire in its cryptocurrency markets unit, signalling its seriousness in helping clients to invest in digital currencies. The Wall Street bank has hired Justin Schmidt, a former trader, as vice president and head of digital asset markets in Goldman’s securities division, according to a report from Tearsheet. Since December reports have […]

Total Crypto Market Cap Hits 7-Week High At $400 Bln, BTC Holds Near $9K

Total Crypto Market Cap Hits 7-Week High At $400 Bln, BTC Holds Near $9K

The crypto market is continuing to grow with only slight dips today, April 23, as Bitcoin (BTC) remains close to $9,000 after two weeks of gains and total market cap hits a 7-week high, according to data from CoinMarketCap. Crypto market visualization from coin360.io BTC is currently trading at around $8,840, down around 0.70 percent over a 24 hour period to press […]

Analyst Says Cryptocurrency Trading Will Be Dominated by Wall Street

Analyst Says Cryptocurrency Trading Will Be Dominated by Wall Street

Mainstream capital markets have introduced bitcoin futures trading in December 2017, which triggered a run towards the $20,000 highs. That may have been just the beginning as investment bankers in Wall Street announce cryptocurrency trading desks.  Wall Street to Domesticate Cryptocurrencies, Says Analyst Barclays Plc, one of the largest banks in the UK, has recently […]

Barclays Talking to Clients About Opening a Crypto Trading Desk

Barclays Talking to Clients About Opening a Crypto Trading Desk

Barclays, the second-largest bank in the U.K. by assets, is weighing the launch of a cryptocurrency trading desk. A person with knowledge of the process told CoinDesk on Monday that the bank is gauging how interested clients of the bank would be in a crypto-specific trading desk. Bloomberg was the first to report that Barclays is talking to […]

Morgan Stanley: Bitcoin’s Price Story Is ‘Nasdaq 15 Times Faster’

Morgan Stanley: Bitcoin’s Price Story Is ‘Nasdaq 15 Times Faster’

Bitcoin prices are behaving in a “surprisingly similar” way to the Nasdaq in 2000, Morgan Stanley told its clients in a note March 19. According to Sheena Shah, an analyst at the financial services giant, research suggests Bitcoin’s rise and fall closely mimics the Nasdaq —but events are unfolding at “around fifteen times the speed.” “The Nasdaq’s bear market from […]