Tag: Goldman Sachs

Goldman Sachs Is Establishing a Cryptocurrency Trading Desk

In a sudden change of sentiment, Goldman Sachs has started to entertain the idea of a Bitcoin strategy. While plenty of exchanges and ETFs have taken steps to get involved in this burgeoning sector, Goldman Sachs is the first major bank to consider opening up a market on Wall Street. A Change in the Institutional Tide Only a few months ago, Goldman Sachs was leery of the cryptocurrency market and its flagship …
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Goldman Sachs CEO Confirms Bitcoin Can’t Be Dismissed

Banks and other financial institutions have opposed cryptocurrency for quite some time now. Major entities including Goldman Sachs have remained wary of Bitcoin, even though that situation is slowly changing. In fact, the CEO of Goldman Sachs recently acknowledged there is no reason to dismiss Bitcoin whatsoever. This sudden change of heart comes at an interesting time, to say the very least. A Change of Heart for Goldman Sachs Truth be told, Goldman …
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Goldman Sachs May Launch Bitcoin Trading Service

Major banks have always had a love-hate relationship with Bitcoin and other cryptocurrencies. As this new form of money is a direct threat to traditional banking, most institutions stay away from Bitcoin. In some cases, they even lock customers’ bank accounts for buying or selling Bitcoin with their own money. Goldman Sachs is the first major entity to finally buckle under the pressure. The company is looking to launch a …
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Bitcoin Gets the Attention of Goldman Sachs After Reaching New Heights

A new gold rush is picking up speed as bitcoin doubles the size of its fund under the BIT-XBTE’s management. The fund that was around $50 million on May 1st has jumped to $100 million a few days ago, which is an impressive growth. The head of trading and operations at XBT Provider, Jean-Marie Mognetti, has stated that during the last two months, the Provider’s exchange of the traded Bitcoin notes …
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