Boston-based Circle Internet Financial Ltd., creator of the popular retail crypto trading app Circle Invest, has announced that it’s following the lead of other exchanges by launching its own U.S.-dollar backed stablecoin. USD Coin: Circle Introduces New Dollar Backed Stablecoin The Goldman Sachs-backed Circle announced the move just days after revealing that new assets were…
After finding much success in their unique “Buy the Market” feature, Circle has announced that additional cryptocurrency bundles each broken down by category are now available via the Circle Invest app. Circle Invest Debuts New Cryptocurrency “Collections” The Goldman Sachs-backed peer-to-peer payments technology company, Circle, has been aggressively expanding into the cryptocurrency space. This began…
Prominent institutional-grade cryptocurrency wallet provider BitGo raised $58.5 billion in a Series B funding round led by Mike Novogratz’ crypto-focused Galaxy Digital and Wall Street mainstay Goldman Sachs. Goldman and Galaxy Back BitGo’s Ambitions to Create a “$1 Trillion Crypto Wallet” Industry-leading provider of multi-sig security cryptocurrency custodial services BitGo announced today the second close…
The viability of Bitcoin (BTC) and crypto assets in today’s ever-changing economy continues to swell, according to a former Goldman Sachs executive. Related Reading: Is the Declining Global Economy Growth Fueling the Stunning Rally of Bitcoin? Bitcoin and Crypto Just Make Sense Legendary Bitcoin-centric podcaster Stephan Livera recently brought on Raoul Pal, a crypto-curious former…
Holding onto and storing digital assets for clients has become one of the key criteria in offering crypto services, at least according to Goldman Sachs. The Wall Street banking giant said that it is not any closer to offering cryptocurrency products amid this year’s bear market according to Bloomberg. The bank’s head of digital asset…
Although many are enamored with bashing the colloquial term “BUIDL,” for many Bitcoin diehards, 2018’s crypto market lull has been a time to unironically bolster this industry’s underlying infrastructure. This isn’t just hearsay, as 2018 has arguably been crypto’s strongest year yet, in terms of promising products, platforms, and startups, rather than day-to-day price action. Some…
Like other markets, Bitcoin has been hard over the past few weeks. From the $10,500 high established in February, BTC has fallen by 41%, now trading at $6,200 as of the time of this article’s writing.Despite this downturn, a prominent macro analyst expects the cryptocurrency to soon rally above its previous all-time high.BTC Price to…
Goldman Sachs Group is interested in exploring the possibilities of launching a crypto asset like bitcoin, according to the bank’s chief executive officer David Solomon. The prominent investment banker told France’s Les Echos newspaper that Goldman is conducting thorough research on tokenization, the method of digitizing currencies or assets to enable their smooth transfer over…
Over the past few months, analysts across the board — from Bitcoin (BTC) lovers to Wall Street’s bulls — have been charting an impending recession. This has left many investors with one pressing question: what should they buy to hedge their risk? According to one prominent economist and former Wall Streeter, Bitcoin is one of…
The crypto market is one of the best-performing markets in 2020. Year to date, the market capitalization of all digital assets is up by approximately 80%. Bitcoin alone is up 65%. According to Goldman Sachs’ new head of digital assets, Mathew McDermott, the rally is materializing in a resurgence in institutional interest in crypto. He…