Goldman Sachs Explores a New World: Trading Bitcoin
Move would make it the first big Wall Street firm to deal directly in the growing yet controversial cryptocurrency market:
https://www.wsj.com/articles/goldman-sa ... 1506959128
Goldman Sachs (NYSE:GS) is in the early stages of perhaps setting up a trading operation for bitcoin and other cryptocurrencies, according to the WSJ.
Oct. 12, 2017 7:52 AM ET|By: Stephen Alpher, SA News Editor
The cryptocurrency is up 8% today to $5,200. Earlier, it touched $5,217.
Analysts are struggling to explain the surge as there's been no major new news, but it's pretty clear bitcoin has more than shrugged off regulatory crackdowns in China and Russia.
Crusty economist Ken Rogoff earlier this week predicted the technology behind cryptocurrencies will thrive, but the price of bitcoin will collapse as governments move to strangle anonymous payments systems facilitating tax evasion and crime.
Announcing instant bitcoin, ethereum and litecoin purchases on Coinbase
We are excited to announce the ability for customers to instantly purchase digital currency using a US bank account. Previously, customers who purchased using a bank account had to wait several days before receiving their digital currency. Customers can now buy up to $25,000* and receive access to their digital currency immediately.
https://blog.coinbase.com/announcing-in ... 9d8a94e152
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