Goldman Sachs will be the first Wall Street giant to get involved with the cryptocurrency-related trading activity.
The most popular cryptocurrency is booming exponentially after its technical infrastructure and application frame (particularly in blockchain applications) have been recognized across a wide range of industries and global organizations, despite different attitudes toward Bitcoin and its applications, and strict restrictions of the cryptocurrency trading in some countries.
The news about Goldman Sachs CEO Lloyd Blankfein consideration on bitcoin was announced a day after Goldman’s statement about readness to create bitcoin trade services.
Industry top analysts express their optimism regarding bitcoin’s short-term price trend, saying its price may reach $6,000 by the end of the year.
Wall Street Investment Bank Goldman Sachs Group Inc. is considering new trading services for cryptocurrencies as bitcoin for its clients.
Goldman Sachs has published answers to FAQs about cryptocurrencies as it’s getting harder for institutional investors to ignore their rise.
JP Morgan has announced its exit from the bank blockchain consortium, thus becoming the latest banking giant to leave the initiative.
The New York-based blockchain solutions provider, Axoni, has secured an investment from a range of prolific investors, including such banking giants as Goldman Sachs and J.P. Morgan.
A blockchain startup R3 CEV is going to raise $150 million in its first funding round and some of its original members have already expressed their intention to invest.
Morgan Stanley can follow Goldman and Santander that have recently unveiled their plans to leave R3 consortium.
R3 CEV is starting fundraising with most of consortium participants expressing their interest in investing.
Blockchain has appeared to be in the limelight of multiple financial companies within the past year. This digital public database is redefining what is possible within the fintech ecosystem and beyond.