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Goldman Sachs Wealth Management CIO: Crypto Is Not an Investment Asset Class


The chief investment officer of Goldman Sachs’ Wealth Management unit does not see cryptocurrency as an investment asset class. She also believes that bitcoin “creates absolutely no value in any shape or form.” Her perspective differs from that of some other Goldman Sachs executives regarding...

Defending Goldman Sachs’ Latest Crypto Criticism


Instead of poking holes in recent anti-crypto comments made by Goldman Sachs’ CIO of Asset & Wealth Management, Noelle Acheson attempts to understand where they’re coming from, and what they suggest for our approach to crypto education

Goldman Sachs CIO Says Bitcoin Is Not an Investment Asset Class


Goldman Sachs chief investment officer Sharmin Mossavar-Rahmani, said in an interview with the Wall Street Journal, Bitcoin is not considered an investment asset class, adding "we’re not believers in crypto.”   The post Goldman Sachs CIO Says Bitcoin Is Not an Investment Asset Class appeared...

Goldman Sachs Says ‘Many of Our Largest Clients’ Getting Active in Crypto


Many of Goldman Sachs’ largest clients are ramping up their activity in the crypto space following spot bitcoin exchange-traded fund (ETF) approvals and BTC price recovery. “The recent ETF approval has triggered a resurgence of interest and activities from our clients,” said...

Goldman Sachs Upgrades Coinbase to Neutral as Bitcoin Prices Rally


Wall Street giant Goldman Sachs upgrades Coinbase stock (COIN) from "sell" to "neutral" as Bitcoin surges. Analysts link the upgrade to the current cryptocurrency market rally and note similar jumps in Bitcoin-linked stocks like MicroStrategy. The post Goldman Sachs Upgrades Coinbase to Neutral...

Goldman Sachs Reevaluates Coinbase, Eyes Neutral Stance Amid Crypto Surge


In a significant shift, Goldman Sachs has upgraded its rating on Coinbase shares from selling to neutral, citing a surge in crypto prices and record-breaking daily volumes. The adjustment to a $282 price target reflects the bank’s reassessment of the San Francisco-based crypto...

Ex-Goldman Exec Sees Liquidation Period as Bitcoin Investment Window


RealVision CEO Raoul Pal, a former Goldman Sachs hedge fund manager, suggested that periods of significant liquidation offer favorable buying chances for Bitcoin.   The post Ex-Goldman Exec Sees Liquidation Period as Bitcoin Investment Window appeared first on Cryptonews

St. Regis Aspen Resorts to Tokenize Equity Using Tezos Blockchain


RSRV partners with Tezos blockchain to tokenize 5% of St. Regis Aspen Resort's equity, offering investors a new way to hold equity and access room exchanges. The post St. Regis Aspen Resorts to Tokenize Equity Using Tezos Blockchain appeared first on Cryptonews

British Billionaire Alan Howard’s Crypto Firm Scores UK Watchdog Approval


Goldman Sachs-backed crypto platform Elwood Technologies announced Wednesday that the firm secured regulatory approval as a service provider. The Financial Conduct Authority’s approval covers Elwood’s execution system for security tokens and derivatives. Elwood, founded by British...

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