#GoldmanSachs eyes #crypto expansion, #blockchain spin-off, and #AI innovation, pending regulatory clarity for #Bitcoin and #Ethereum markets.
Bitcoin hit an all-time colossal value of $19,800 in December 2017. With other altcoins proportionately following suit, the total market capitalization value went beyond $600 billion in that year. In 2018, the cryptocurrency capitalization value shrunk to less than a third in comparison to 2017. Bitcoin's price is based on supply and demand. If the…
Citigroup is reportedly in the process of creating a cryptocurrency investment product that could revolutionary change how the public invests in blockchain assets. Known as a digital asset receipt (DAR) it is aimed at institutional investors, and could significantly simplify the means by which cryptocurrencies are bought and sold. Additionally, this product will add a…
On September 5th, Bitcoin experienced a series of significant price drops, falling almost 15 percent from $7400 to $6300 in under twelve hours. Although these types of volatile moves are common in cryptocurrency markets, rumors immediately emerged of price manipulation. Deliberate attempts to sway crypto prices are well-known, and appear to be on the rise.…
It seems as if the words of Elizabeth Stark, CEO of Lightning Labs, are coming true and we are just entering the World of “Bitcoin, not blockchain.” However, it is quite evident that the global banking confederacy is not willing to give up or even diminish its sheer support for blockchain based products and Dapps. Axoni,…
The market declines that have affected cryptocurrencies this year have prompted many traders to express concern about the future value of the technology, but actions by players behind the scenes paint a very different picture. Interest from professional and institutional investors is growing swiftly, and the mood is very optimistic. This year has seen a…
Earlier this month Goldman Sachs announced that it would begin Bitcoin trading, thus adding one more name to the ever growing list of traditional financial institutions that are becoming involved in cryptocurrencies. A recent survey by CNBC has revealed that twenty percent of financial firms plan to begin trading crypto over the next few months.…
An increasing number of traditional financial institutions are speaking up about Bitcoin and other cryptocurrencies. Most recently, Goldman Sachs released a note to its clients warning them of Bitcoin's risks. Specifically, the investment firm stated that Bitcoin is not “new Gold,” and that Gold, and other precious metals, are a far safer investment options. Bitcoin…