The Daily: Goldman Sachs Invests in Wallet, Institutional Traders Borrow $553M

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In today’s edition of The Daily we cover stories about the latest investment in the cryptocurrency space by Goldman Sachs, the amount institutional traders borrowed in the last six months from just one OTC desk, research on state-sponsored hackers, and a new security tool from Coinbase. Also Read: Security Giant G4S Offers Protected Offline Cryptocurrency…

Analysts: Cryptocurrency Interest Remains High, Exchange Revenues are Evidence

Analysts: Cryptocurrency Interest Remains High, Exchange Revenues are Evidence

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Despite falling prices of cryptocurrencies like Bitcoin and Ether, a few market analysts believe 2018’s extended bear market is a mere price correction, and so-called Bitcoin “obituary” reports are “greatly exaggerated.” Exchange Fees Indicate Market Interest According to a report on Bloomberg, Sanford C. Bernstein & Co. analysts pointed out the massive revenues of cryptocurrency…

Axoni Closes $32 Million Funding Round Led by Goldman Sachs

Axoni Closes $32 Million Funding Round Led by Goldman Sachs

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Axoni, a New York-based enterprise provider of blockchain technology, has completed a $32 million Series B funding round. Major players took part in the funding round including  Goldman Sachs, NYCA Partners, Digital Currency Group, J.P. Morgan, Wells Fargo, Citi and Andreessen Horowitz. The funding round was announced on Axoni’s official blog, Aug. 14. Founded in…

Goldman Sachs CEO: ‘It’s Arrogant to Deny Cryptocurrency’

Goldman Sachs CEO: ‘It’s Arrogant to Deny Cryptocurrency’

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A growing number of Wall Street firms are changing sentiment and shifting toward the opportunities of an emerging digital economy. On Aug. 6, Goldman Sachs CEO, Lloyd Blankfein, shared his thoughts on cryptocurrency during an interview with the Economic Club of New York. Cryptocurrency Could Be the Next Evolution in Cash Blankfein appeared at the Economic…

Mike Novogratz’s Crypto Bank Goes Live On Canadian Public Exchange

Mike Novogratz’s Crypto Bank Goes Live On Canadian Public Exchange

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An early Bitcoin bull and former Wall Street trader, Mike Novogratz is bringing cryptocurrency to institutional investors. Following a crypto bear market, Novogratz’s merchant bank Galaxy Digital LP listed on Canadian stock exchanges today, August 1, 2018. Galaxy Digital Makes Its Debut Following Q1 Loss Novogratz cryptocurrency-focused merchant bank Galaxy Digital LP will be available…

Goldman Sachs to Begin Bitcoin Futures Trading Within Weeks

Goldman Sachs to Begin Bitcoin Futures Trading Within Weeks

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Goldman Sachs is launching a new operation that will use the firm’s own money to trade bitcoin related contracts on behalf of its clients.

Goldman Sachs Confirms Launch of Bitcoin Futures Trading Desk

Goldman Sachs Confirms Launch of Bitcoin Futures Trading Desk

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Multinational investment bank Goldman Sachs has recently confirmed that it will be launching a Bitcoin trading desk in response to client demand for cryptocurrency services. In a major step forward that represents the first official Bitcoin trading operation at a Wall Street bank, Goldman Sachs confirmed on Wednesday that it will begin to leverage its…