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…
“Goldman has moved plans to open a desk for trading cryptocurrencies further down a list of priorities for how it can participate in cryptocurrency markets, according to people familiar with the matter.”In response, the bank released a statement:
“We have not reached a conclusion on the scope of our digital asset offering,” it said.Goldman Sachs’ this move sent tremors to the market as the bitcoin and wider cryptocurrency markets have been well supported by news that this year that institutional money was about to get into crypto via an ETF or trading desks of these huge investment banks — and the traders are in dilemma questioning whether that money is really on its way or not. While Goldman trading pulls out was a shocker what added fuel to fire according to Tanya Abrosimova of FX Street was that the introduction of a registration process for popular instant bitcoin exchange ShapeShift. According to her report. The new system implies that users will have to provide their personal data. For now, the registration is optional, but soon it will become obligatory. The company positions the new initiative as a sort of loyalty program that will offer users additional benefits like favorable exchange rates, rewards for FOX token transactions. ShapeShift’s CEO Erik Voorhees to admit, that the compulsory registration is a painful but measure, dictated by the unclear regulatory landscape.
“The investor took out a 10,000 BTC short this past Sunday, roughly equalling $74 million at the time. This short brought the total market short positions on BTC up to 32,000 BTC, which has since surged to more than 37,500 BTC during the recent downturn.”While it is impossible to determine if this particular investor had access to the Goldman Sachs information prior to it being released, these types of trades would definitely raise red flags in traditional capital markets.
| Cookie | Duration | Description |
|---|---|---|
| cookielawinfo-checkbox-analytics | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics". |
| cookielawinfo-checkbox-functional | 11 months | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". |
| cookielawinfo-checkbox-necessary | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". |
| cookielawinfo-checkbox-others | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. |
| cookielawinfo-checkbox-performance | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance". |
| viewed_cookie_policy | 11 months | The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data. |
There was a problem reporting this post.
Please confirm you want to block this member.
You will no longer be able to:
Please note: This action will also remove this member from your connections and send a report to the site admin. Please allow a few minutes for this process to complete.
