Crypto Trading Head: Cryptocurrency Is ‘Turning the Corner From Wild West’

A new voice from US big finance has added his weight to the increasing evidence institutional investors are corning the newly-stabilized cryptocurrency market. Cho: ‘Professionalization Is Happening’ Speaking to Bloomberg on October 1st, Bobby Cho, global head of trading at Cumberland, the crypto division of trading and investment firm DRW Holdings, said the market was “turning […]

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‘Full Circle’: Goldman Sachs Backed Startup Launches Stablecoin Cryptocurrency

On September 26th, Circle announced the release its new stablecoin USD Coin (USDC), which will begin trading on Circle’s Poloniex exchange immediately. The new USDC stablecoin will be fully collateralized by USD at a 1:1 ratio. The stablecoin market has been particularly active recently, with several other projects launching in past few months. Circle’s announcement […]

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South Korean Postal Service Seeks Goldman Sachs’ Crypto Know-How

South Korea’s national postal service is meeting with Goldman Sachs’ cryptocurrency research team at the end of September. The country’s postal service revealed its intentions to dive deeper into digital assets and blockchain. “Cryptocurrencies Are Considered to Have Potential” Korea Post (KP), the national postal service of South Korea, will be meeting with the cryptocurrency […]

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Dismissing Bitcoin is ‘Too Arrogant,’ Says Goldman Sachs’ CEO

Adam James · June 21, 2018 · 10:00 am While Lloyd Blankfein doesn’t own any bitcoin himself — nor does his American multinational investment bank and financial services company — the CEO of Goldman Sachs still believes that critics shouldn’t dismiss the first and foremost cryptocurrency’s future. ‘Why couldn’t you have a consensus currency?’ While speaking […]

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Fidelity Looking for Crypto-Fund Managers After Series of Employee Departures

Matthew Hrones · June 11, 2018 · 3:00 am The wealth management firm is looking for employees to run its internal Bitcoin fund that was launched last year. Two key members of Fidelity’s crypto-team have left the company for other projects. Fidelity Expanding into Crypto Fidelity launched a small, experimental fund in the latter half […]

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USD-pegged Stablecoin to be Introduced by Goldman Sachs-backed Circle

Adam James · May 15, 2018 · 11:00 pm Circle, a startup payments company backed by Goldman Sachs, is set to launch a cryptocurrency with a value pegged to the U.S. dollar — similar to Tether (USDT) — after announcing a $110 million investment round dominated by cryptocurrency mining giant Bitmain.  A ‘Compliant Alternative’ to […]

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Goldman Sachs Opens Bitcoin to Institutional Investors

Adam James · May 14, 2018 · 11:00 am Goldman Sachs will help institutional investors bet on Bitcoin price — but what will it do to the cryptocurrency market?  Goldman Goes All In Following a slew of inquiries from hedge funds, foundations, and endowments benefiting from Bitcoin millionaires, Goldman Sachs has become the first regulated […]

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Charlie Shrem: May 2018 Will Be ‘Last Time’ Bitcoin Costs Under $10,000

Wilma Woo · May 4, 2018 · 12:00 pm Bitcoin Foundation founder Charlie Shrem has gone on record to forecast that May 2018 will be “the last time” Bitcoin costs less than $10,000. Buy The Last Dip? In a Tweet from May 3rd, Shrem, who since returning to the cryptocurrency industry has vowed to propagate […]

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