Former Goldman Sachs Employee Creates Bank-Free Remittance Service
Former Goldman Sachs's software engineer, Bill Barhydt, recently unveiled a new Bitcoin-meets-Uber application at the Exponential Service Conference, held in New York last week. According to the available details, the new mobile application Abra is derived from the Bitcoin technology, which enables users to take benefit of a peer-to-peer digital cash network on smartphones. They get to send cash instantly - to any other phone number in the world - which somewhat seems like a little revolution in itself, though repeated. But perhaps the most notable feature to have come out of Abra is its....
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Investment bank Goldman Sachs has officially formed a cryptocurrency trading team, according to the firm’s internal memo. Goldman Sachs says it is working to broaden its market presence in the crypto space and is currently selectively onboarding new liquidity providers to help expand its crypto service. Goldman Sachs Now Has Dedicated Cryptocurrency Trading Team Goldman Sachs has officially set up a cryptocurrency trading team, according to the bank’s internal memo seen by CNBC Friday. The publication described that this memo was the first time the New York-based investment....
A former employee of Goldman Sachs and BNP Paribas SA has started his own bitcoin exchange based in Japan, and according to a Tuesday report published by Bloomberg Businessweek, he's already managed to receive a sizable investment. The formation of Yuzo Kano's bitFlyer began at the start of the year, just before the disastrous collapse of Mt. Gox in February. Kano worked at Goldman Sachs beginning in 2001 (having graduated from Tokyo University with a degree in fluid dynamics) right out of college as an analyst, eventually moving to BNP Paribas SA to begin a trading career. Eventually, he....
Global investment bank Goldman Sachs is reportedly predicting that the price of ether could rise to $8,000 by year-end. The bank’s analysts explained that cryptocurrencies have traded in line with inflation breakevens since 2019.
Ether Could Reach $8K by Year-End, According to Goldman Sachs
Goldman Sachs has reportedly explained in a research note circulated by the bank’s managing director of Global Markets, Bernhard Rzymelka, that the price of ether (ETH) could hit $8,000 by year-end. The note details that cryptocurrencies have traded in line with inflation....
Investment bank Goldman Sachs has reportedly begun offering a bitcoin investment product to clients. The firm has opened up trading with non-deliverable forwards, a bitcoin derivatives product. To hedge against the cryptocurrency’s volatility, Goldman Sachs will trade bitcoin futures on CME Group. Goldman Sachs Begins Offering Bitcoin Product to Clients Investment bank Goldman Sachs “has opened up trading with non-deliverable forwards, a derivative tied to bitcoin’s price that pays out in cash,” Bloomberg reported Thursday. The firm is protecting itself from....
Global investment bank Goldman Sachs has launched a new data service in collaboration with MSCI and Coin Metrics to help investors analyze crypto markets. The new system is “designed to provide a consistent, standardized way to help market participants view and analyze the digital assets ecosystem,” Goldman detailed. Goldman Sachs’ New Crypto Classification System Global investment bank Goldman Sachs announced Friday “the launch of Datonomy, a new classification system for the digital assets market,” in collaboration with global index provider MSCI and crypto....