Archive | Goldman Sachs

Citigroup, Morgan Stanley’s Roadmap Shows Institutional Demand For Bitcoin is Surging

Over the past week, Citigroup and Morgan Stanley have doubled down on their plans to offer tradable instruments and products around Bitcoin. Alistair Milne, the chief information officer at Altana Digital Currency Fund, stated that the increasing interest towards cryptocurrencies as an asset class by banks and regulated financial institutions is crucial, as it demonstrates… […]

Morgan Stanley to Offer Clients Bitcoin Derivatives Trading

American multinational investment bank Morgan Stanley is reportedly planning to offer clients the chance to trade in Bitcoin derivatives, reports Bloomberg from an anonymous source. The source, who claims to be close to the matter, shared with Bloomberg that the New York-based bank will be following in the footsteps of other Wall Street firms offering crypto-related […]

Morgan Stanley Ventures Into Bitcoin Trading, Following Other Wall Street Giants

Morgan Stanley has become the latest Wall Street firm to venture into Bitcoin trading, with reports emerging that the investment bank intends to offer its clients derivatives tied to the crypto. Citing a source with knowledge on the matter, Bloomberg reported today, September 13 that the bank has already set up the infrastructure required for […]

Fake FUD Blamed For Market Slump, One Bitcoin Whale Proves Otherwise

Last week, after a slow grind up to its most recent peak of roughly $7,400, Bitcoin’s price plummeted over 20% in less than 48 hours. All signs had pointed to a slow, steady recovery for the cryptocurrency market, leaving investors shocked as recent gains evaporated before their eyes. This prompted the cryptocurrency community to do… […]

Morgan Stanley to Offer Bitcoin Trading, Following Citigroup and Goldman

$83 billion investment bank Morgan Stanley is following the footsteps of Citigroup and Goldman Sachs, and will soon offer Bitcoin swap trading to its clients. As reported by Alastair Marsh at Bloomberg, the US banking giant has already developed the infrastructure required to offer complex derivatives tied to Bitcoin and will launch Bitcoin swap trading… […]

Nasdaq to Trial Prediction Tool for 500 Cryptocurrencies

Nasdaq, second-largest exchange in the world by market capitalization, is planning to add a tool to the exchange which will aid investors to predict crypto price movement, according to unconfirmed reports. A person familiar with the company’s plans has indicated that it will shortly be adding crypto assets to its new Analysist Hub. The Hub, launched […]

Goldman Sachs Not Abandoning Crypto Trading Desk, Plans to Launch Bitcoin Derivative

A story circulated through the mainstream crypto media that Goldman Sachs was abandoning its crypto trading desk ended up being a fake news. Not only is Goldman Sachs not abandoning its crypto trading desk, according to its Chief Financial Officer (CFO) Martin Chavez, Goldman Sachs is looking to expand its operation by launching a Bitcoin […]

Crypto Week In Review: Coinbase Ponders ETF, Market Sees Violent Decline

Arthur Hayes, the CEO of BitMEX, predicted that once summer comes to a close, as it is now, the crypto market would see a resurgence in activity. So far, it seems that his prediction has come true, with the past week hosting a flurry of developments that have or will have an influence over this… […]

Bitcoin Suffers Severe Blow to Legitimacy, but It’s Based on “Fake News”

Larry Shover, the chief financial officer at SFG Alternatives, has stated that he feels the news circulating yesterday about Goldman Sachs’ shelving of plans to launch their own cryptocurrency trading desk has dealt the leading digital asset’s legitimacy a “severe blow.” The main issue with Shover’s analysis is that it is based on a journalistic… […]