Tag: Wall Street

Wall Street Exodus Continues as Cryptocurrency Industry Becomes More Attractive

Wall Street has always been an exciting place for anyone with financial aspirations. A lot of major firms make up the Wall Street as we know it today, but things have been changing fairly rapidly. Growing interest in cryptocurrency is motivating a lot of people to quit the world’s financial hub in favor of completely different pastures. Wall Street is a Temporary Stop For as long as most people can remember, Wall Street …
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Bitcoin Price Watch: Currency Flies Past $7,600

Bitcoin has surged! Following yesterday’s new “high” of $6,900, bitcoin has jumped by over $700 and is now trading at just under $7,700. It’s a massive step forward following what has been a relatively “rough-and-tumble” week. The news marks a near 10 percent jump for the father of cryptocurrencies, though bitcoin was trading on Luxembourg exchange Bitstamp for a price of nearly 17 percent higher during the early morning hours. …
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Experts: Bitcoin at “Crucial Juncture” as 2018 Is Primed to Be Defining Year

Mohammed A. El-Erian and Roger McNamee are in agreement: as we enter the new year, the Bitcoin market is at a critical point in its development. In separate articles, both financial experts expressed their beliefs that, following a meteoric rise in 2017, the near future will define how history views Bitcoin in hindsight. Time for a New Paradigm? “ the waning days of 2017,” Mohammed A. El-Erian writes in an op-ed …
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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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