The cryptocurrency market has crushed big time, Bitcoin is falling down to $6,300 and its market capitalization is currently not more than $105 billion. This seems like a huge drop and hit to the whole digital coin market, as other cryptocurrencies are falling fast along the "people's currency". However, two of the biggest banks in…
Read moreGoldman Sachs has just announced that it will be launching a new cryptocurrency called Circle USD Coin. In fact, Circle is a startup invested in by Goldman Sachs. The idea behind the new digital asset is to revolutionise how people transact on a daily basis. For example, while bitcoin was thought to be of transactional…
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Six major global banks announced that they have adopted the first fully-digitized MiFID II trade compliance engine for the financial markets. The service from Droit Financial Technologies (Droit) was launched in January ahead of the MiFID II deadline, and instantly expands the ability of financial institutions to comply with the thousands of pages of MiFID…
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Bitcoin investors are now beginning to put a smile on their faces. Bitcoin's wild ride continues with full force, this time for the better however. Bitcoin recently dropped just under the $6,000 mark and now, just a week after the great fall, Bitcoin is back with vengeance. Since last week, the "people's currency" has appreciated…
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STOXX Ltd., the operator of Deutsche Boerse Group’s index business, and a global provider of innovative and tradable index concepts, today announced that the iSTOXX Global Diversity Impact Select 30 Index and the iSTOXX Europe Diversity Impact Select 30 Index were licensed to Goldman Sachs as an underlying for the issuance of structured products. We…
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While this week has been hard for Bitcoin and other altcoins, the summer of 2018 seems promising. Probably the world’s most respected investment bank, Goldman Sachs, is now considering the launch of a cryptocurrency trading desk in 2018. With the respect and brand that Goldman has, this may be a pivotal moment for the firm…
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After bitcoin futures launched on December 10th, Bitcoin's price has skyrocketed to new levels of almost $18,000. Now, probably the most influential and well-respected investment bank in the world, Goldman Sachs, is trying to set a 100% margin on some bitcoin futures. As the CEO of Goldman, Lloyd Blankfein has said many times that he…
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With Bitcoin coming up at $7,400 this past week, more prominent public figures are expressing negative opinions on the actual viability of the digital currency. After JP Morgan Chase's CEO, Jamie Dimon, and the Chairman and Founder of Bridgewater Associates, Ray Dalio, called bitcoin a "fraud" and a "pyramid scheme", the next CEO who put…
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After the fluctuations in the price of bitcoin over the past month, the cryptocurrency took another hit yesterday, when it dropped with a 7-day low level of $5,113, according to Coindesk and Bitfinex. The "people's currency" managed to bounce back and is now trading at around $5,669 reaching up to $5,725, with an increase of…
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After jumping up with 700% in the last year, with little fluctuations here and there, bitcoin turns out to be the hottest investment for a portfolio over the past two years. Now, as the technology behind bitcoin, blockchain, finds application in a series of industries, it is no wonder that some of the biggest and…
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