Goldman Sachs Analyst: Bitcoin Could Soon Reach $14,000 (and Possibly Beyond)

Goldman Sachs Analyst: Bitcoin Could Soon Reach $14,000 (and Possibly Beyond)

Is one of American largest investment banking firms, Goldman Sachs, bullish on Bitcoin(BTC)trade? This is a recurring question on everyone’s lips following a speculation of another Bitcoin rise that was sent to clients in a note on Sunday, August 11. As Bloomberg reports, according to people familiar with the matter, an analyst with Goldman Sachs sent a packet of slides to clients, giving them a heads up on the financial market and possible price rally…

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The Apple Card’s Customer Agreement Prohibits Cryptocurrency Purchases

The Apple Card’s Customer Agreement Prohibits Cryptocurrency Purchases

According to a customer agreement released last month, purchase of cryptocurrencies through The Apple Card will not be permitted. The credit card service is a collaboration between Apple and Goldman Sachs. The customer agreement was published on Goldman Sachs website on August 2. The new credit card service in collaboration with the banking giant Goldman Sachs is part of Apple’s new initiative to launch projects that can help bring in revenue through service offerings. The…

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Banking Giant Goldman Sachs Seeks Digital Asset Project Manager for Crypto Development

Banking Giant Goldman Sachs Seeks Digital Asset Project Manager for Crypto Development

The recent hot story from the crypto news sphere is that the banking giant Goldman Sachs may follow the footsteps of JPMorgan and will launch its own USD-backed stablecoin. The CEO of Goldman Sachs, David Solomon, reveled in an interview with French news outlet Les Echos recently that the company is studying cryptocurrency for tokenization of various asset class and exploring possible ways to disrupt the current financial market with new products and services. Goldman…

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Banking Giant Goldman Sachs May Launch its Own Crypto Stablecoin

Banking Giant Goldman Sachs May Launch its Own Crypto Stablecoin

One of the largest US-based multinational investment banks and financial services companies, Goldman Sachs, might launch its own stablecoin like its banking rival JP Morgan Chase that previously announced its own USD backed stablecoin called JPM Coin. In an interview with French financial newspaper Les Echos on June 28, Goldman Sachs CEO David Solomon said that the banking giant is doing extensive research on the concept of tokenization of assets to take part in the…

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Featured: Big Banks and Cryptocurrencies – Asking Turkeys to Vote for Christmas?

Featured: Big Banks and Cryptocurrencies – Asking Turkeys to Vote for Christmas?

We are now a decade on from the creation of Bitcoin and much has changed in the world of crypto. Since Bitcoin’s creation, new cryptocurrencies have been popping up all the time, claiming to offer something new that other cryptocurrencies can’t offer. As of mid-August 2018, there were 1,600 cryptocurrencies available over the internet and the number continues to grow. Crypto innovation is booming. With this surge of crypto innovation, digital assets have been pushed…

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Blockchain-Based CLS Payment Netting Becomes Operational with Goldman Sachs and Morgan Stanley

Blockchain-Based CLS Payment Netting Becomes Operational with Goldman Sachs and Morgan Stanley

A project which started sometime in 2016 has finally gone operational. While this may sound like just another news, it is, in fact, one of the best news this year as it is the first of its kind. For the first time, blockchain technology is being employed in the global FX market. This was made possible by building a blockchain-based standardized automated bilateral payment netting service to cater to over a hundred and twenty currencies….

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Wall Street Joins? Citigroup, Morgan Stanley, Goldman Sachs Advance toward Crypto

Wall Street Joins? Citigroup, Morgan Stanley, Goldman Sachs Advance toward Crypto

Some would argue that this is utterly unexpected and some would claim that it was only a matter of time: in a recent barrage of fresh updates from the conventional financial world, several of the largest banks in the world – Citigroup, Morgan Stanley and Goldman Sachs – have made some significant steps toward cryptocurrency. On September 9, anonymous sources revealed to Business Insider that Citigroup intends to roll out in an unspecified future date…

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Goldman Sachs Reportedly Suspends Cryptocurrency Trading Desk Plan; Crypto Market Plummets

Goldman Sachs Reportedly Suspends Cryptocurrency Trading Desk Plan; Crypto Market Plummets

As cryptocurrency gets closer and closer to mainstream adoption, the relationship between the crypto market and the traditional financial world becomes tighter and tighter; accordingly, whenever today the traditional financial world rejects cryptocurrency in some way or form, the crypto market slumps. That what appears to occur now – one of the largest global financial institutions, the investment bank Goldman Sachs, was reported to discard its prior plans to initiate a promising crypto venture, and…

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