Goldman Sachs is looking to issue their own crypto token: Here’s what we knowBTC $11,586 (-2.3%) • ETH $378 (-4.7%) • XRP $0.29 (-4.8%)
JPMorgan made headlines earlier this year when they announced an initiative called JPM Coin – which is a crypto token that the bank can use to make instantaneous transfers between global parties. It now appears that banking giant Goldman Sachs is fearful of falling behind the competition if they don’t start adapting, as they may now be moving to introduce their own crypto token. This comes shortly after they appointed a new “head of digital assets” who will be guiding their efforts to implement and leverage the benefits of blockchain and digital ledger technology. More news ⏬Bitcoin investments returned 61% to investors since 2017 plungeBitcoin investors stood to gain even after the 2017 burst that saw the asset plunge from over $20,000 to under $4,000 this year — if they continued to dollar cost average (DCA) their way in (and had iron hands). Thanks to our premium sponsors⭐️ CryptoAltum - CryptoAltum is a leading trading platform with a special leaning towards digital assets. Its mission is to make crypto trading easy and accessible to everyone. ⭐️ XBTPro Exchange - $250 welcome bonus, zero fees on deposits, and very low trading fees. ⭐️ Paradox Group - Paradox is the Official Advertising Partners of CryptoSlate and specialises in Marketing and Blockchain Advertising. Bitcoin trading laws impede stablecoin development, says Japan regulatorA newly-appointed financial regulator in Japan said this week that introducing laws and regulations for Bitcoin trading would impede technical innovation while supporting purely speculative gains, according to Reuters. Navigating the complexities of DeFi custody [INTERVIEW]We sat down with Alex Batlin, founder and CEO of Trustology—an award-winning custodial wallet provider — to get his perspective on the decentralised finance (DeFi) sector, and why Trustology is in a prime position to facilitate institutional entry into the industry. The launch of this Ethereum token could put DeFi into another frenzyAlthough decentralized finance (DeFi) has been seeing consistently strong growth, the gains in this Ethereum market sector have somewhat subsided over recent weeks. Why isn’t Ethereum Classic worth $0? Macro investor asks after 51% attacksEthereum Classic (ETC), the fork or version of the Ethereum protocol that didn’t freeze the funds of the infamous DAO hack, has been under the spotlight over the past week. The “Coinbase effect” is back – Here are the crypto tokens to watchIn 2017, Coinbase’s influence over the crypto market was tremendous, with the exchange originally only offering access to select few crypto assets. Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article. If you liked this post from CryptoSlate, why not share it? |
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Goldman Sachs is looking to issue their own crypto token: Here’s what we know