Goldman Sachs Admits Bitcoin is ‘Ideal Vehicle’ for Public Transactions
While Goldman Sachs expects private or “permissioned” blockchains to dominate most commercial applications according to its recent research report, the banking giant admitted that Bitcoin is an “ideal vehicle” for public transactions between individuals who don’t know each other.” ‘Fundamentally New Type of Database’. A new “Profiles in Innovation”....
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A new report from Goldman Sach’s Investment Research projects arm has praised the bitcoin blockchain – the most prominent and largest blockchain around – for its public, open nature. A newly released report by investment banking firm Goldman Sachs makes an effort to dissect through the hype surrounding blockchain by explaining and itemizing the innovation has lauded the public nature of the Bitcoin blockchain. The report proclaims the public distributed ledger used by Bitcoin as the “ideal vehicle” for public transactions and settlements between individuals who don’t know each other. The....
Lloyd Blankfein, a former Goldman Sachs CEO who is now the firm’s senior chairman, says his view on cryptocurrency is evolving. “I look at the crypto, and it is happening,” he added.
Goldman Sachs Executive Lloyd Blankfein Says Crypto ‘Is Happening’
Lloyd Blankfein, a former Goldman Sachs CEO who has voiced skepticism about cryptocurrency in the past, said in an interview with CNBC this week that his view on crypto is “evolving.”
Blankfein served as Goldman Sachs’ chairman and chief executive officer from....
On June 18, Goldman Sachs began trading Bitcoin futures through Mike Novogratz’s Galaxy Digital network, paving the way for banking institutions. Galaxy Digital announced the agreement as part of Goldman Sachs’ crypto investment strategy. Galaxy And Goldman Sachs Shake Hands Goldman Sachs has taken a step further in its efforts to assist hedge funds and […]
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....
Global investment banks Goldman Sachs and JPMorgan Chase are winding down business in the Russian Federation. The move comes as western sanctions against Moscow over its decision to launch a military invasion of Ukraine continue to expand, supported by leading financial institutions. Goldman Sachs and JPMorgan Scale Down Russian Operations Goldman Sachs Group and JPMorgan Chase have become the first major American banks to announce they are leaving Russia, a process that according to industry experts may take months if not years. Their decisions follow the imposing of unprecedented....