Goldman Sachs Ex-President Gary Cohn to Advise Blockchain Startup

Former Goldman Sachs president and Trump chief economic adviser, Gary Cohn, will take an advisory role with Spring Labs. The FinTech startup aims to use blockchain technologies to revolutionize credit and identity services. New Horizons Cohn resigned as director of the US National Economic Council in April, after disagreements with President Trump over trade tariffs. […]

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Goldman Sachs Pivots From Bitcoin Trading Desk to Custody Service

Goldman Sachs has announced that it is shelving its proposed plan to open a Bitcoin trading desk due to the uncertainty of the industry’s regulatory landscape. Instead, the financial giant says it will focus its efforts towards developing robust solutions for cryptocurrency custody. Bank Says Regulatory Uncertainty to Blame for Decision According to Business Insider, […]

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Axoni Closes $32 Million Funding Round Led By Goldman Sachs

New York-based provider of enterprise blockchain technology Axoni has completed a $32 million Series B funding round, bringing total funding up to date to upwards of $55 million. Axoni Boosted By Lucrative Partnerships Axoni, a New York-based company specializing in the delivery of distributed ledger infrastructure to many of the world’s leading financial institutions, announced […]

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Goldman Sachs Will Manage Bitcoin For Its Clients, Insiders Reveal

Goldman Sachs has reiterated it plans to roll out “crypto asset offerings” to clients in future in what Bloomberg describes would be a “boost for the burgeoning universe of funds betting on cryptocurrencies.” ‘In Response To Client Interest’ In comments to the publication August 6, a spokesman for the financial giant built on previous announcements […]

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Bitcoin Price Hits $8000 — Here’s Why It Might Just Be Getting Started

Bitcoin price is up 20 percent over the past week — hitting $8000, thanks to the tailwind from some positive news and one bullish rumor.  Bitcoin Price Up 20% Over the Past Week Bitcoin 00 has roared over the past week, gaining 20 percent (or over $1300 USD) and hitting the $8000 — a price […]

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Fidelity Looking for Crypto-Fund Managers After Series of Employee Departures

Matthew Hrones · June 11, 2018 · 3:00 am The wealth management firm is looking for employees to run its internal Bitcoin fund that was launched last year. Two key members of Fidelity’s crypto-team have left the company for other projects. Fidelity Expanding into Crypto Fidelity launched a small, experimental fund in the latter half […]

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Goldman Sachs Will Trade Bitcoin, Bitcoin Futures Coming ‘Within Weeks’

Wilma Woo · May 3, 2018 · 11:00 am Wall Street investment bank Goldman Sachs has appeared to confirm it will offer Bitcoin trading. Goldman Exec: Bitcoin ‘Is Not A Fraud’ Speaking to the New York Times May 2, Goldman executive Rana Yared said that after being “inundated” by client requests, the bank had decided […]

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