Goldman Sachs announced plans to open a bitcoin trading operation and now other banks might be soon to follow; one...
Cryptocurrency startup Basis, led by former Google employee Nader Al-Naji, raised $133mn from GV, Bain Capital Ventures, Lightspeed Venture Partners,...
Goldman Sachs has been exploring the creation of a crypto trading desk and now has hired a former crypto trader; the bank hired Justin Schmidt as a vice president and head of digital asset markets; the move is seen as another step by the bank to eventually create a crypto trading desk as they have been rumored to be exploring this for quite some time; no major bank has started a crypto trading desk yet. Source.
clients about starting a crypto trading desk; no plans are set yet but the bank is talking to clients, including institutional clients, about opening the desk as more banks explore the emerging market. Source.
According to the bank statement, “In view of the associated risks, it has been decided that, with immediate effect, entities regulated by RBI shall not deal with or provide services to any individual or business entities dealing with or settling [virtual currencies].”; the government had previously issued warnings about risks around trading cryptocurrencies; the Reserve Bank of India is more open to the development of blockchain technology. Source
The new lender called Nexo will launch Monday and recently raised $50 million; the team behind the firm run a...
According to Nasdaq CEO Adena Friedman, the company is open to becoming a cryptocurrency exchange; Friedman stated, "I believe that digital currencies will continue to persist it's just a matter of how long it will take for that space to mature. Once you look at it and say, 'do we want to provide a regulated market for this?' Certainly Nasdaq would consider it.”; Friedman was less bullish on the future of ICOs. Source
NY Attorney General Eric Schneiderman has launched a fact finding mission into 13 cryptocurrency exchanges; the information requested focuses on the use of bots, outages, consumer protections, and other issues. Source.
The company plans to shut down all operations in Japan by end of June 2018; overseas Japanese investors who use domestic banks will still have access to trading activities in the local market; cost and resources were the main drivers behind the decision. Source.
Adam Fisher, head of macro investing at Soros Fund Management has received approval to trade cryptocurrencies but has not begun trading them according to sources; Soros recently spoke at the World Economic Forum in January stating that cryptocurrency is a typical bubble, but was more bullish on blockchain technology; his family office as of Q4 2017 had a significant stake in Overstock.com. Source