Following the collapse of the FTX exchange, which hurt valuations and reduced investor interest, Goldman Sachs (GS.N) announced plans to spend tens of millions of dollars to buy or invest in cryptocurrency businesses. According to Mathew McDermott, head of digital assets at Goldman, the collapse of FTX has increased the demand for more dependable, regulated […]
Goldman Sachs
Crypto Investors Gear Up For Goldman Sachs’ $2B Shocker
Crypto Market’s leading assets traded in the green on June 27, after going through major downdrafts. Bitcoin, XRP, Cardano, Doge, and the like have recovered after months of downturn. Dogecoin and Solana in particular have regained over 20% in the weekly index. Bitcoin’s price too rebounded 20% since crashing to a low of under $18,000 […]
Goldman Sachs and Barclays Spearhead $70M Funding Round For A Crypto Fintech
Leading investment banks Goldman Sachs and Barclays are among the few to lead a $70 million funding round for a UK-based crypto trading platform Elwood Technologies, which valued the firm at around $500 million, according to a report by Financial Times. The funding exercise was supported by crypto-friendly German bank Commerzbank, digital asset investment manager […]
Coinbase Seems to Be the 1st Ever Bitcoin-Backed Loan Acquirer From Goldman Sachs
The mysterious corporation that took out Wall Street’s first bitcoin-backed loan from Goldman Sachs has been exposed as Coinbase, America’s largest crypto exchange. Goldman Sachs controls $2.5 trillion in assets as of 2021. Coinbase has taken out a Bitcoin-backed loan from Goldman Sachs, according to Bloomberg, as part of a strategy to strengthen ties between […]
Goldman Sachs unites with Galaxy Digital to offer ETH fund
Leading global investment bank Goldman Sachs [GS] has partnered with diversified asset management firm Galaxy Digital to offer its clients access to ether [ETH]. This is in accordance with regulatory documents filed with the U.S. Securities and Exchange Commission [SEC] on 8th March. Filings show that with an investment of at least $250,000, the fund has collected […]
Goldman Sachs praises Ethereum’s use-case advantage Ethereum in the latest letter
The altcoin season has approached sooner than expected with multiple coins shooting up the price charts. Ethereum, the largest altcoin in the world, has had a tremendous year with a growth rate of 854 percent. Although the climb was punctuated with bear dips, major financial institutions were putting their faith in Ethereum to overtake Bitcoin. […]
Goldman Sachs leads repo trade via JPMorgan’s blockchain network
Goldman Sachs, the multinational investment bank and financial services company, has reportedly joined JP Morgan’s Repo blockchain network. As part of this, the company carried out its first repo trade using JPMorgan’s private blockchain network. Goldman Sachs had led the initial trade on the 17th of June that involved exchanging a US Treasury bond for […]
Goldman Sachs moves over Bitcoin as it steers towards Ether
Prominent bank, Goldman Sachs revealed that it would be elevating its crypto trading service with the inclusion of Ether [ETH]. Ethereum [ETH] witnessed a prominent plunge over $1K all the way on to an all-time high of $4K. The altcoin certainly stood out during the last crypto rally overshadowing several assets. While the latest bear […]
Goldman Sachs To Offer Notes Linked To ETF That May Give Exposure To Bitcoin
Goldman Sachs, the American multinational investment bank and financial services company has filed with the US Securities Exchange And Commission [SEC] to offer an investment product that could give exposure to its clients to cryptocurrency such as Bitcoin. This new investment product is tied to the performance of the ARK Innovation ETF, which is capable […]
Coinbase Eyes Goldman Sachs To Spearhead Its IPO
Cryptocurrency exchange, Coinbase made news throughout the year. The exchange invaded the headlines for all the wrong reasons. The Brian Armstrong lead exchange suffered an array of outrages, especially while Bitcoin was recording a surge. This time, however, the exchange made headlines following a series of developments it was engaging in. Starting from news pertaining […]