So, today friends i am gonna tell you about the dirty game which is going on in crypto market and how some big news channels ang websites are spreading FUD just because they get to earn a lot of money of that.
Several months ago, Goldman Sachs gave cryptocurrency a legit boost by announcing that it would create the first ever bitcoin-based trading desk. The move was alleged to give bitcoin the attention it deserved and bring institutional players far and near.
However, the past 48 hours have been marred with reports that the company was abandoning its plans due to the speculative atmosphere surrounding cryptocurrency. Since then, bitcoin has tanked by roughly $900 from its recent $7,300 high, and many were feeling the gut punch taking effect Some days ago, there was an article published in the busines insider that the Goldmn Sachs drops plans to open crypto trading desk. but now Goldman Sachs CFO says bank is working on bitcoin derivative for clients and also caled a report that the bank was ditching plans to launch a cryptocurtrency trading desk "fake news".
Martin Chavez – the company’s chief financial officer – explains:
“When we talked about exploring digital assets, it was going to be exploration that would be evolving over time. Maybe someone who was thinking about our activities here got very excited that we would be making markets as principals in physical bitcoin, and as they got into it, they realized that is part of the evolution, but it’s not here yet. From the perspective of custody, we don’t yet see an institutional-grade custodial solution for bitcoin. We’re interested in having that exist, but it’s a long road.”
Trump appoints new Pro Crypto SEC Comissioner
Republican Elad Roisman is the fourth appointment of President Donald J. Trump to the Securities and Exchange Commission (SEC). This is serious news for the field of cryptocurrencies as Roisman has already signaled his intentions to focus further legislative attention on the fair treatment of digital coins. Speaking at a hearing before the Senate Banking Committee in July, the newly appointed commissioner said:
…the SEC must examine and re-examine its rules, regulations and guidelines to ensure that they are still working as intended to accomplish the SEC’s mission. This is most recently manifested in areas such as data protection and cybersecurity, as well as the emergence of new investments and technologies such as initial coin offerings and blockchain.
Some extra news about crypto
1- Ripple listed in top 50 startups of 2018 by Linkedin.
2- Coinbase consider launching ETF with the help of Wall Street Black Rock.
3- IBM uses Stellar blockchain to create bockchain worldwide.
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