Goldman Sachs is appointing a new CEO David Solomon, who will replace the incumbent chief executive Lloyd Blankfein in October. With the new CEO, the bank is expected to add more bitcoin and other crypto services to its portfolio.
This institutional platform will provide its customers an easy exposure to the cryptocurrency market with their products and services while ensuring security.
Bitcoin is predicted to reach new heights until the end of 2018 given the emergence of cryptocurrency ETFs and the growth of institutional investment.
Crypto sphere attracts all the more attention winning minds of governments, top industrialists and businessmen. Now richest bankers and the whole dynasties take the lead in this crypto expansion.
The latest funding will be used towards Tradeshift’s growth initiatives along with strategic investments in blockchain and artificial intelligence.
Having a tagline ‘crypto without the cryptic,’ Crypto Invest now offers customers to try instant, commission-free crypto asset trading.
Circle has expanded its services portfolio through acquisition of digital token exchange Poloniex promising to enhance customer experience.
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.