Cryptocurrencies continue to tumble on Goldman reports

08 September, 2018, 00:17 | Author: Sheri Evans
  • Bitcoin Value Drops Sharply, Concerning Investors and Experts

The major cryptocurrencies slid quickly on Wednesday, with Bitcoin falling about 5% in about an hour, while Ethereum and Ripple were also hit.

Yesterday, CryptoGlobe reported the movement and dumping of some of the 111,000BTC stash - about $100m-worth of it, in fact - via the two exchanges, and attributed the dual price drops of mid-morning yesterday to a the sell-off.

"The move positions Goldman Sachs to become the first large Wall Street firm to make markets in cryptocurrencies, whose wild price swings and surging values have captured the public's imagination but given pause to established institutions", Bloomberg noted. While there have been questions surrounding Goldman Sachs current position regarding a dedicated crypto trading desk, the company has noted that it plans to introduce cryptocurrency-based custody services for institutional investors like Korea Post.

What happened to Australian model Sinead McNamara?
Local media reports Baillères had left the boat on Tuesday and Sinead was left onboard with the rest of the boat crew. The superyacht on which Australian model Sinead McNamara died has reportedly left the Greek port where it was moored.

Earlier this week, a report suggested Goldman Sachs was backing away from its plans to open a cryptocurrency trading desk, as it was rumored to have meant to do this summer.

The entire cryptocurrency market seems to be in the hands of the bears once again.

According to a report by Business Insider, sources familiar with the situation confirmed that the investment bank had run into a "regulatory roadblock" in its bid to launch a crypto trading desk. "At this point, we have not reached a conclusion on the scope of our digital asset offering", the bank said in a statement.

Samsung May Reveal a Foldable Smartphone This Year
Similar to the Journal report , the sides of the device can be folded inwards or outwards, to transform into a tablet. Cuh. "So every device, every feature, every innovation should have a meaningful message to our end customer".

The CFO continued by reaffirming Goldman Sachs' exploration into the Bitcoin market, suggesting that interest into the area from the bank's clients has been high, and they are keen to have tradeable Bitcoin products in the near future.

ICOx Innovations Chairman Cameron Chell discusses his outlook on cryptocurrency technologies and why he supports regulations being placed on cryptocurrencies.

In a recent interview, the Korea Post president revealed that he initiated a discussion with David Solomon, Goldman Sachs' new chief executive, noting, "I asked Goldman to pass on their know-how in the cryptocurrency area". Will we see a price correction from this big drop?

Carson Wentz Nick Foles Eagles Falcons | 94 WIP
With that information, it would be impossible to conclude anything than the decision on Wentz was out of the coach's hands. Thursday night actually will mark the second time Foles has started the Eagles' season opener in his career.

Recommended:



Popular

Musk muses about life over weed and whiskey
Musk stunned investors a month back with tweets saying he had funding to take the company private for $420 per share. Musk has said he expects the company could turn profitable in the second half of this year.

India, US hold first '2+2' talks: All details here
COMCASA will enable the Indian military to access critical and encrypted American defence technologies. Iran also "wasn't a big topic", he said.

New tournament offers back door to qualification for Euro 2020
The test couldn't be tougher for Die Mannschaft , with World Cup champions, France , the visitors at Allianz Arena. The top two teams in each qualifying group automatically advance to Euro 2020 .

North Korean 'spy' charged over NHS cyber attack
No North Korean government officials were referenced in the complaint by name, though it does allege the government sponsored the attacks.

Sally Field says years with Burt Reynolds 'never leave my mind'
While THR didn't include a cause of death, The Daily Mail reports that Reynolds died of a heart attack. Reynolds was married to actresses Judy Carne from 1963 to 1965 and Loni Anderson from 1988 to 1993.

Twitter permanently bans Alex Jones, Infowars citing abuse
Marco Rubio as a "little punk" and heckling a reporter, all while posting the spectacle on Facebook and Twitter . Twitter is permanently banning right-wing conspiracy theorist Jones and his?Infowars? show for abusive behavior.

Kolkata Majerhat Bridge Collapse: Several Trapped, One Reported Dead
An official of the Kolkata Traffic Police said, "We expect traffic jam because the Majherhat bridge has collapsed ". It runs over the Majerhat Railway Station and connects the city centre to Behala and other southern suburbs.

USA oil prices rise as Gulf platforms shut ahead of hurricane
The high rig count has helped lift U.S. crude oil production by more than 30% since mid-2016, to 11-million barrels a day. While the USA crude imports surged by one million barrels a day, exports fell by more than 250,000 barrel per day.

The New Yorker Disinvites Steve Bannon From Festival After Twitter Uproar
Everyone, it seemed, was mad at the New Yorker for "normalizing" Steve Bannon , and, perhaps worse, "giving him a platform". I genuinely support public intellectual debate, and have paid to see people speak with whom I strongly disagree.

Iranian convoy hit by air strikes near United States base in Syria: Observatory
The Israeli government does not comment on the details of its military operations overseas , but it has claimed it had hit Iranian forces on Syrian soil.