The bank joins its rival Goldman Sachs and becomes the second major Wall Street firm to launch clearing crypto contracts.
Goldman Sachs will be the first Wall Street giant to get involved with the cryptocurrency-related trading activity.
Goldman Sachs’ technical analysts Sheba Jafari and Jack Abramowitz believe Bitcoin could reach at least $7,941, according to the message sent to the company’s clients on Monday.
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.
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.
R3 CEV is starting fundraising with most of consortium participants expressing their interest in investing.
The Singapore-based venture capital company has launched a new fund in an effort to boost investments in the blockchain technology startups.
KPMG International and CB Insights revel in a new report that 2015 was very successful for VC-backed fintech firms that have managed to set a new record in funding.
Blockchain companies continue attracting funds all over the world while French political parties attack the technology in their new report.
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.