After six months of eyeing JPMorgan Chase’s custom blockchain service for repo markets, Goldman Sachs has started trading on the platform. Mathew McDermott, global head of digital assets for Goldman Sachs’ global markets division, confirmed the first transaction dated June 17 in an interview, Bloomberg reported. In the trade, Goldman Sachs swapped a tokenized version of a … [Read more...] about Goldman Sachs reportedly started trading on JPMorgan’s repo blockchain
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Goldman Sachs analysts divided over whether Bitcoin is an ‘investable asset class’
Wall Street investment bank Goldman Sachs has made another U-turn on its stance toward Bitcoin as it struggles to define the asset’s investment status.The investment bank flip-flopped again in its approach to cryptocurrencies with a report issued earlier this week that claims they are not a “viable investment”.The report, titled “Digital Assets: Beauty Is Not in the Eye of the … [Read more...] about Goldman Sachs analysts divided over whether Bitcoin is an ‘investable asset class’
Goldman Sachs to offer Bitcoin futures trading in partnership with Galaxy Digital
Goldman Sachs has debuted a Bitcoin (BTC) futures trading product for its client in collaboration with crypto investment giant Galaxy Digital.According to CNBC, the move marks the first time the Wall Street bank has partnered with a digital asset-based liquidity provider. Galaxy Digital co-president Damien Vanderwilt said the company offered a gateway to the crypto space … [Read more...] about Goldman Sachs to offer Bitcoin futures trading in partnership with Galaxy Digital
Asian hedge fund managers favor growth over Bitcoin: Goldman Sachs survey
Earlier this week, a Bank of America survey found that American hedge fund managers favor Bitcoin (BTC) over tech, but Goldman Sachs' poll with the Asian chief investment officers tells a different story.Goldman Sach Global Investment Research published a new survey polling 25 chief investment officers from different hedge funds. The results show that Bitcoin is the least … [Read more...] about Asian hedge fund managers favor growth over Bitcoin: Goldman Sachs survey
Bitcoin, Ethereum prices bump after ‘green mining,’ Goldman Sachs push
Bitcoin prices rose in the past two days (after a 40% plunge last week) as North American miners formed a ‘Council’ to consider green alternatives for mining in a brief meeting with Tesla CEO Elon Musk.Some traders even raised a concern over the influence Elon Musk has on the cryptocurrency market as the news had an immediate impact on the bitcoin price and it jumped by 12% … [Read more...] about Bitcoin, Ethereum prices bump after ‘green mining,’ Goldman Sachs push