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Jack Dorsey's Bitcoin Lightning Network Plan, Pre-Crash Crypto Enthusiasm, Cryptopia's Liquidator Sells DOGE + More News
14.6.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Jack Dorsey's Bitcoin Lightning Network Plan, Pre-Crash Crypto Enthusiasm, Cryptopia's Liquidator Sells DOGE + More...
Goldman Sachs President Warns of ‘Unprecedented’ Economic Shocks and Tougher Times Ahead
5.6.2022
Global investment bank Goldman Sachs’ president and chief operating officer has warned of unprecedented economic shocks and tougher times ahead. His statement echoes JPMorgan CEO Jamie Dimon’s warning that a “hurricane” is coming our way. Goldman Sachs President’s...
JPMorgan Foresees Increased Blockchain Use in Finance — Prepares to Offer Related Services
27.5.2022
JPMorgan expects blockchain use in finance to increase as the crypto sector grows. The global investment bank says, “We want to make sure that we are able to not only support that but also be ready to provide related services.” JPMorgan’s Blockchain Plans JPMorgan Chase &...
JPMorgan Sees ‘Significant Upside’ to Bitcoin — Replaces Real Estate With Crypto as ‘Preferred Alternative Asset’
26.5.2022
JPMorgan sees “significant upside” to the price of bitcoin. The global investment bank’s price target for the cryptocurrency is 28% above its current price. JPMorgan has also replaced real estate with cryptocurrencies as its “preferred alternative asset class along with...
Japan’s largest investment bank Nomura readies new crypto subsidiary
17.5.2022
The leading Japanese bank plans on establishing a crypto subsidiary outside of Japan and will acquire about 100 personnel to work in the digital asset space
Global Investment Bank Goldman Sachs Offers Its First Bitcoin-Backed Loan
30.4.2022
Global investment bank Goldman Sachs has reportedly offered its first-ever loan backed by cryptocurrency. The cash loan was collateralized by bitcoin owned by the borrower. A spokesperson for Goldman Sachs explained that the deal is interesting to the investment bank due to its structure...
Founders Fund, Pantera Invest in DeFi Investment Bank Ondo Finance
27.4.2022
Ondo, founded by former Goldman Sachs traders, will use the $20 million round to expand its structured products offerings
Circle Chooses BNY Mellon to Custody USDC Reserves
1.4.2022
Boston-based Circle Internet Financial has announced the company has selected BNY Mellon to custody the firm’s usd coin (USDC) reserves. The company’s dollar-pegged crypto asset is currently the second-largest stablecoin with a current market capitalization of $51.6 billion....
Goldman Sachs Features Cryptocurrencies, Metaverse, Digitalization on Its Homepage
25.3.2022
Global investment bank Goldman Sachs has changed its homepage to feature cryptocurrency, the metaverse, and digitalization. “From cryptocurrencies to the metaverse, explore the megatrends that are reshaping economies,” Goldman Sachs’ landing page now says. Goldman Sachs’...
US investment bank Cowen launches dedicated crypto division
23.3.2022
Cowen initially announced plans to move into the crypto custody business in May 2021, entering a partnership with Standard Custody and Trust Company
Investment Bank Cowen Launches Digital Unit, Aims to Compete With Bulge-Bracket Firms
23.3.2022
It’s the latest in a trend of traditional finance players spying opportunity in the cryptocurrency sector
Goldman Sachs Executes Bank’s First OTC Crypto Transaction Trading a Bitcoin Non-Deliverable Option
21.3.2022
On Monday, the multinational investment bank and financial services company Goldman Sachs disclosed it has conducted an over-the-counter (OTC) crypto transaction with the digital currency firm Galaxy Digital. Following the OTC settlement, the head of digital assets for Goldman Sachs’ Asia...
British Investment Bank HSBC Joins Metaverse via Sandbox, Animoca Brands Partnership
16.3.2022
The British multinational investment bank and financial services holding company, HSBC, has revealed it has partnered with the blockchain virtual gaming platform The Sandbox. According to the platform’s parent company, Animoca Brands, HSBC is the first global financial services provider...
Deutsche Bank to Exit Russia, Says There Will Be No New Business There
13.3.2022
Germany’s Deutsche Bank has become the latest financial services giant to confirm it’s leaving Russia over Moscow’s military assault on Ukraine. The bank has been reducing its Russian exposure since 2014 when Russia annexed Crimea and the conflict in Eastern Ukraine erupted....
Executive Leaves Goldman Sachs for Coinbase — Says It’s Time to Embrace Crypto, Create Economic Freedom
26.2.2022
An executive at Goldman Sachs is joining Coinbase after 16 years at the global investment bank. “It’s time to embrace the crypto economy,” he said, adding that the change is a “once in a lifetime opportunity to be part of building the next stage of the digital...
JPMorgan Opens a Lounge in the Metaverse After Stating the $1 Trillion Market ‘Will Likely Infiltrate Every Sector’
21.2.2022
Global Investment bank JPMorgan says, “The metaverse will likely infiltrate every sector in some way in the coming years, with the market opportunity estimated at over $1 trillion in yearly revenues.” The firm has set up a lounge in Decentraland. JPMorgan on the Metaverse Global...
JPMorgan Predicts Long-Term Bitcoin Price of $150K — Outlines Challenges Ahead
11.2.2022
Global investment bank JPMorgan has predicted that the long-term price of bitcoin will reach $150K while the fair value of the cryptocurrency sits at $38K. “The biggest challenge for bitcoin going forward is its volatility and the boom and bust cycles that hinder further institutional...
Goldman Sachs Warns Bitcoin Increasingly Vulnerable to Fed Rate Hikes as Mainstream Adoption Grows
31.1.2022
Global investment bank Goldman Sachs has warned that bitcoin is increasingly vulnerable to the Federal Reserve’s rate hikes as the cryptocurrency grows more widely adopted. “Over the last two years, as bitcoin has seen wider mainstream adoption, its correlation with macro assets...
JPMorgan Lowers Its Bitcoin Fair Price Estimate to $38K Amidst Volatility
29.1.2022
Leading investment bank JPMorgan has changed its view on the estimate of bitcoin’s price on a long-term basis. The institution had estimated a long-term price of $146K back in November when bitcoin was over $60K. One of the most important reasons for this change has to do with the increased...
Goldman Sachs Sees the Metaverse as $8 Trillion Opportunity
25.1.2022
Global investment bank Goldman Sachs has predicted that the metaverse could be an $8 trillion opportunity. Several others have similarly predicted that the metaverse is a multitrillion-dollar market. Goldman Sachs Says the Metaverse Could Be an $8 Trillion Opportunity Global investment bank Goldman...