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Peter Brandt, a popular veteran trader and CEO of proprietary trading firm Factor LLC, recently gave his thoughts on Goldman Sachs potentially restarting its cryptocurrency desk.Us old-timers have learned that whenever @GoldmanSachs enters a market niche it is time to guard your money. $BTC pic.twitter.com/tHfRkS4igb— Peter Brandt (@PeterLBrandt) March 1,
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In brief:Goldman Sachs will restart its Bitcoin and crypto desk next weekThe investment bank’s crypto desk was first launched in December 2017 around the same time Bitcoin topped at $20kRe-entry into the crypto space by the bank could signal a possible top for BitcoinHowever, ‘this time around it will be
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Traditional finance is going further down the crypto rabbit hole than you might think.Goldman Sachs, ICAP, JPMorgan, and UBS have bought the first exchange-traded product (ETP) that offers exposure to Polkadot’s DOT cryptocurrency for clients, according to Bloomberg terminal data reviewed by CryptoX.These banks and brokerages purchased small amounts of
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According to a Goldman insider, the investment bank will leap into crypto custody soon.This episode is sponsored by Nexo.io.Today on the Brief: Gary Gensler is officially Biden’s pick for SEC chairmanInvestors are betting against the U.S. dollarGrayscale has best day ever with $700 million in investmentEthereum reaches new all-time high
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Happy Martin Luther King Jr. Day to our U.S. readers! A former Canadian prime minister said bitcoin could become a global reserve currency, Goldman Sachs is reportedly looking to get into the crypto custody business and MetLife is bullish on CBDCs. Top shelfGoldman Sachs jumping in?Its crypto custody plans will be
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The inside source made assertions that Goldman Sachs is avoiding cryptocurrency brokerage services which are currently being provided by a number of US-based cryptocurrency exchanges including Coinbase, and Gemini amongst others.American multinational investment bank and financial services company Goldman Sachs Group Inc (NYSE: GS) is reportedly planning an entry into
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U.S. banking powerhouse Goldman Sachs has issued a request for information (RFI) to explore digital asset custody, according to a source inside the bank.When asked about timing, the Goldman source said the bank’s custody plans would be “evident soon.”Goldman’s digital asset custody RFI was circulated to at least one well-known
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In an interview with CNBC, Currie said Bitcoin’s remarkable run has attracted greater institutional interest, but noted that smart-money investors are still a tiny fraction of the overall market. They will need to come in droves for Bitcoin to become a stable asset and avoid a flash crash like we
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Alphabet through Google Cloud has identified a huge gap in the Saudi Arabia cloud infrastructure and intends to fill it despite the impending competition. As 2020 financial books come to a close and welcome a new year, Alphabet Inc (NASDAQ: GOOGL) has been working on delivering a better financial year despite
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Interestingly, Coinbase co-founder and board member Fred Ehrsam is a former trader at Goldman Sachs.The Coinbase exchange announced on Thursday that it had filed for an IPO with the Securities and Exchange Commission (SEC). A report by Business Insider asserts that Coinbase has reached out to Goldman Sachs in hopes
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