Please share if you find this article interesting. Bloomberg: Goldman Sachs to Setup Cryptocurrency Trading Desk Rumors have been swirling for awhile, but according to Bloomberg, Goldman Sachs will be setting up a cryptocurrency trading desk by the end of June 2018. Bloomberg cites unnamed sources from inside the firm. At present, the investment bank is trying to determine how it will maintain custody of the digital assets. According to the report: “The move positions Goldman Sachs to become the first large Wall Street firm to make markets in cryptocurrencies.” Conservative but open-minded Goldman Sachs CEO Lloyd Blankfein has previously maintained a cautious but open-minded approach to digital currencies. Blankfein recently said: “[Bitcoin] is not for me. But there is a lot o
Please share if you find this article interesting. Gaming Company Veltyco Tapping into Blockchain and Cryptocurrency - Bitcoin News Blockchain UK Gaming company Veltyco Group announced today that it has “commenced discussions with blockchain and cryptocurrency providers” about potential partnerships. Afterwards, its stock price leaped 20% at the open on London’s AIM growth market. Also Read: Market Optimism Declines as Bitcoin Futures Euphoria Ends Shares Jumping 20% Veltyco Group, the online marketing company for the gaming industry, said it “has commenced discussions with blockchain and cryptocurrency providers to enter into partnerships”. According to its announcement, Veltyco hopes to create a cryptocurrency wallet that it can market to its customers. The company detaile
Please share if you find this article interesting. All of the Top 20 Cryptocurrencies Hit Record Highs This Week Each of the top 20 cryptocurrencies by market capitalization hit an all-time price high in the past four days, according to market data. Data site OnChainFX reports that those cryptocurrencies saw price highs this week, including several – such as XRP, zcash and NEM – that occurred in the past day. At the same time, the data also indicates that a number of those top-20 performers have seen price pullbacks in the wake of hitting those highs. Bitcoin cash, after spiking above $4,000 in the wake of a listing by cryptocurrency exchange startup Coinbase, is down roughly 19 percent. Bitcoin's price fell below $16,000 today after nearing $20,000 over the weekend. According to
Please share if you find this article interesting. The Technology To Unite the Planet: Interview with TravelChain CEO Can you imagine the world without geographical and political borders? Ilya Orlov, CEO at TravelChain, can. He told us how to do it and what role Blockchain plays in it at BlockShow Asia in Singapore. CT: Why did you decide to do something in the travel industry in the first place? I mean it’s not a typical Blockchain application. We started a project three years ago, but we didn’t know about the decentralized technology at the time. We were creating a market platform for travelers where they can provide services to each other. And it didn’t work out. People were not motivated to share their information and it turned out to be a milestone we couldn’t reach. CT: And
Please share if you find this article interesting. South Korea: Five Local Bitcoin Exchanges Fail Security Test, Hacked With ‘Basic Tools’ South Korean media outlet MBC has hired a security firm to test the security setup of “five Korean Bitcoin exchanges,” including Bithumb. The company has allegedly been able to successfully hack into all five of the targeted platforms, receiving access to user data and funds. As the network reports in an article, it published about its own exploits today, ‘hackers’ it hired circumvented security procedures using what it describes as “basic hacking tools.” If true, the test underlines the fragmented nature of many users’ cryptocurrency exchange security settings, as well as the setups of exchanges themselves, as larger thefts continue to occur.
Please share if you find this article interesting. Tether Won’t Redeem Americans, Terrorists and Other Bad Actors - Bitcoin News Altcoins Living in a country known for having some of the toughest financial regulators in the world has its advantages and disadvantages. While it may deter the more cautious international scammers from targeting you it can also hurt your ability to conduct normal business. American cryptocurrency traders are now facing this situation with Tether. Also Read: Exchanges Suspend USDT Transactions After $30 Million Tether Treasury Wallet Hack “Tether is Always Fully Transparent” Tether has reported today that it started resuming limited wallet services, allowing some users to login and withdrew funds held in their wallets. Unfortunately the company di
Please share if you find this article interesting. While Bitcoin Price Soars, Technological Advancements Continue in the Background The cryptocurrency ecosystem is agog with Bitcoin price so much that events happening around the underlying technology are forced to take a back seat from the eyes of the public. This, however, does not take anything away from the plenty technological inputs going on in the background with Bitcoin, Blockchain and the entire crypto ecosystem. For instance, due to the amount of its user base, miner base and network size, Bitcoin is a very secure yet isn't very adaptable to market's needs. This is where smaller scale cryptocurrency such as PIVX, Litecoin and Dash come in where they are able to innovate and improve its underlying technology utilizing the...
Please share if you find this article interesting. Wikileaks Founder Responds to Banking Blockade 2.0: "Use Cryptocurrencies" - Bitcoin News News This week the founder of Wikileaks, Julian Assange, told his 600,000 Twitter followers that the website that exposes government corruption is suffering another “banking blockade.” According to Assange U.S. intelligence is making it difficult for Wikileaks donors, and the cypherpunk says people should donate cryptocurrencies to bypass this obstruction. Also Read: WikiLeaks Has Raised 4,000+ BTC Since 2011 Julian Assange Bolsters Bitcoin’s Censorship Resistant Benefits Julian Assange is an Australian programmer and the founder of the website Wikileaks. The web portal is a publication that publishes classified media, news leaks, and s
Please share if you find this article interesting. 2017: Saluting the Shakespearean Shitcoin Drama That Was Arthur Hayes is a former derivatives trader for Deutsche Bank and Citigroup, and the current CEO of bitcoin derivatives exchange BitMEX. The following article is an exclusive contribution to CoinDesk's 2017 in Review opinion series. Act I: Bye bye China 2017's epic cryptocurrency rally may seem sudden. It's not. To understand where we went, we have to go back all the way to August 2015, when the PBOC conducted a shock devaluation of the yuan. Imminent fears of more currency debasement prompted Chinese bitcoin punters to break the cryptocurrency out of its $200-to-$300 prison. By 1 Jan. 2017, bitcoin rose 5x to $1,000. Unknowingly priming the market were yuan bears who dom
Please share if you find this article interesting. It’s Too Late To Buy Bitcoin, Says 2008 Housing Bubble Predictor American businessman and investor Peter Schiff believes investors buying Bitcoin at current prices could lose everything. It’s been an interesting, and for some frightening, past few days for Bitcoin. Last week, the price of the cryptocurrency reacted favorably to the launch of Bitcoin futures on the CBOE. Exactly one week later, CME launched trading of Bitcoin futures contracts on their platform, which was met with a drop in Bitcoin’s price. Then on Wednesday, America’s biggest Bitcoin exchange, Coinbase, announced the surprise launch of Bitcoin Cash (BCH) support on its platform and exchange, GDAX. BCH price soared, while Bitcoin shuddered somewhat. Speaking to RT