Goldman Sachs CFO Says Reports About Its Bitcoin Trading Platform Living in the crypto markets; 7 seem to be on the brink of something massive
How important is 100B Market Cap for the entire cryptocurrency sector:** June saw the continuation and acceleration of May's downturn. Link below shows stagnation in the market it would be on the most reliable & security-conscious exchanges. They seem equally frustrated by the lack of retail investors still in the majority, though.
@Benzinga: Your Friday morning Speed Read: - U.S. unemployment rate due at 8:30am ET - Goldman Sachs CFO calls report the firm scrapped #bitcoin trading desk plans "fake news" $GS $BTC - Pres. Trump may decide as early as today 2 impose another $200B in tariffs on Chinese imports $SPY $FXI
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Bitcoin mentioned around Reddit: Cryptocurrencies continue to tumble on Goldman reports. Bitcoin continues to decline, amid reports that the US bank will shelve plans to establish a crypto trading desk. /r/technology
@ReutersBiz: JUST IN: Bitcoin, Ethereum slip on report Goldman Sachs group is ditching plans to open a desk for trading cryptocurrencies in the foreseeable future; Bitcoin down 5.2 percent, Ethereum down 9.6 percent https://t.co/bmLEBkfgVS https://t.co/RmARFfbIIb
Cryptocurrencies continue to tumble on Goldman reports. Bitcoin continues to decline, amid reports that the US bank will shelve plans to establish a crypto trading desk.
This is the best tl;dr I could make, original reduced by 43%. (I'm a bot)
Bitcoin and other tokens have continued to tumble in value, amid concerns that Wall Street institutions are eschewing cryptocurrencies. It follows media reports, originally in Business Insider, that Goldman Sachs is shelving plans to set up a cryptocurrency trading desk. A Goldman spokesman said the bank had yet to decide on the scope of its "Digital asset offering". On Thursday, Bitcoin was trading down 4.45%, or $300 on the day, at $6382. Meanwhile other coins were also losing value on Thursday - with Ethereum down 12%, Litecoin losing 11%, and Ripple behind by 7%. The future regulatory framework for digital coins remains unclear, and the US Securities and Exchange Commission has warned some coins issued in initial coin offerings might be regarded as securities. Craig Erlam, senior market analyst at FX firm Oanda, said: "It's been a rough 24 hours for Bitcoin and its peers, with reports that Goldman Sachs has postponed launching a crypto-currency trading desk due to the uncertain regulatory landscape."
Goldman Sachs has published a report naming bitcoin and Ripple among the technology trends that could shape the future of global finance and payments. Bitcoin Businesses on the Mend: Report Shows 57% of Crypto Execs Expect the Industry to Accelerate, Companies Are Hiring . Digital Currency Group (DCG) recently published the firm’s “State of ... Goldman Sachs isn't convinced there's a case for investing in cryptocurrencies like bitcoin.Crypto evangelists — perhaps unsurprisingly — aren't impressed with its assessment. The U.S. bank's ... In a packet of slides sent to clients yesterday, Goldman Sachs Group Inc. technical analyst Sheba Jafari said that Bitcoin could go up by 23% in the short term, and that later the coin could go ... Bitcoin Blasted: Does Not Constitute a Viable Investment Rationale. According to the seemingly scathing report, Goldman Sachs says that crypto assets like Bitcoin do not generate cash flow like bonds or “earnings through exposure to global economic growth”. They also don’t provide consistent diversification benefits due to their wildly fluctuating correlations between other assets like ...
“Goldman Sachs aka Bankers aka Wall Street still don't get (or want to get) Bitcoin. It's ok, because everyone else does.” “Bitcoin does "not generate cash flow like bonds." Because it's not ... Goldman Sachs held a conference call for clients today on the "Implications of Current Policies for Inflation, Gold and Bitcoin" and turns out... Goldman Sachs ISN'T a fan of Bitcoin. Nope, not ... Goldman Sachs calls a Bitcoin BREAKOUT! sunny decree. Loading... Unsubscribe from sunny decree? ... Need to report the video? Sign in to report inappropriate content. Sign in. Transcript ; Add ... This week we saw Goldman put out an extremely biased report saying “Bitcoin is not an asset class”... So in this episode, we explain why they’re wrong about cryptocurrencies. Also, economies ... Need to report the video? Sign in to report inappropriate content. Sign in . Transcript; Add translations. 5,017 views. 308. Like this video? Sign in to make your opinion count. Sign in. 309 6 ...