Category: goldman sachs

Demand for Crypto Soars: Bitcoin Funds Break Records, Goldman Sachs Wants In

Demand for Crypto Soars: Bitcoin Funds Break Records, Goldman Sachs Wants In

Investors are increasingly seeking exposure to bitcoin following the recent months-long price rally. Bitcoin exchange-traded products are seeing record trading volumes. Meanwhile, more big banks are reportedly trying to get into the crypto space, including Goldman Sachs. High Demand for Bitcoin and Crypto Products With the price of bitcoin rapidly rising over recent months, more […]

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Goldman Sachs Says Bitcoin Maturing as an Asset But Institutional Money Still Only a Fraction

Goldman Sach, the American banking investment giant sees Bitcoin as a maturing asset that has drawn institutional interest in its present bull run. Jeff Currie, the Global Head of Commodities Research at Goldman Sachs in his recent interview with CNBC said that the rising institutional interest in bitcoin suggests its status as a maturing asset, […]

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$200 Billion in Fines: Mega Banks Rack up Penalties From Illegal Activities

$200 Billion in Fines: Mega Banks Rack up Penalties From Illegal Activities

Top U.S. banks have racked up almost $200 billion in fines and penalties over the past 20 years from illegal activities in 395 major legal cases. Bank of America tops the list, followed by JPMorgan, Citigroup, and Wells Fargo, according to a new report, which also covers Morgan Stanley and Goldman Sachs. Big Banks’ $200 […]

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Goldman Sachs Calls Bitcoin ‘the Retail Inflation Hedge’ That’s Not a Threat to Gold

Goldman Sachs Calls Bitcoin ‘the Retail Inflation Hedge’ That’s Not a Threat to Gold

Goldman Sachs’ head of commodities research calls bitcoin “the retail inflation hedge” and likens the cryptocurrency to copper. He says gold and bitcoin can co-exist and does “not see bitcoin’s rising popularity as an existential threat to gold’s status as the currency of last resort.” Goldman Sachs on Bitcoin, Gold, Copper, and Inflation Hedge Jeff […]

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Coinbase Allegedly Taps Goldman Sachs to Lead IPO, FTX Exchange May Launch Pre-IPO Futures

Coinbase Allegedly Taps Goldman Sachs to Lead IPO, FTX Exchange May Launch Pre-IPO Futures

Following the San Francisco-based cryptocurrency exchange’s initial public offering (IPO) Form S-1 draft registration, reports note that Goldman Sachs will likely lead the IPO. Moreover, the digital currency trading platform FTX is rumored to be launching a Coinbase futures market before the public listing. Two days ago, on December 17, 2020, Coinbase announced filing registration […]

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Goldman Sachs Defies JPMorgan, Says Bitcoin’s Growth No Threat to Gold

There’s been a lot of buzz with the Bitcoin vs Gold debate picking up in the last few months. However, two of the Wall Street banking giants have come at odds on a common opinion. A few days back, JPMorgan strategists said that moving has been moving out of Gold ETFs systematically since October 2020 […]

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Financial Analysts Expect US Dollar to Soften Further, 2021 Could Be the Greenback’s ‘Worst Year Ever’

Financial Analysts Expect US Dollar to Soften Further, 2021 Could Be the Greenback’s ‘Worst Year Ever’

Well before the coronavirus pandemic, global economists expected a grim-looking American economy and during the last ten months of the Covid-19 outbreak, the U.S. financial system looks even worse. Economists and analysts say the biggest concern is the U.S. dollar faltering into the unknown, as a great number of distinguished individuals believe the USD will […]

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Goldman Sach’s former top technologist is joining Block.one’s advisory board as chairman

Goldman Sach’s former top technologist is joining Block.one’s advisory board as chairman

Marty Chavez, one of Wall Street’s most well-known technologists, has fallen deeper into the crypto rabbit hole.  The former chief financial officer and chief technology officer of banking behemoth Goldman Sachs is joining Block.one as chair of its advisory board, according to an announcement Tuesday. Block.one is the firm behind public blockchain EOS.io and its […]

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