Morgan Stanley’s 15,000 Financial Advisors Can Start Pitching Bitcoin ETFs to Clients Next Week: Report

August 3, 2024 Bitcoin.com

Morgan Stanley is set to offer spot bitcoin exchange-traded funds (ETFs) to select clients through its 15,000 financial advisors starting next week. This marks a significant first for a major Wall Street bank. Advisors can pitch Blackrock’s Ishares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund to eligible clients, reflecting the growing acceptance of bitcoin […]

Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership

Goldman Sachs CEO Clarifies His Stance on Bitcoin

July 30, 2024 Bitcoin.com

Bitcoin

Goldman Sachs CEO David Solomon clarified his stance on bitcoin during a CNBC interview, where his prior skepticism and the recent political focus on bitcoin were discussed. Although he acknowledged bitcoin’s volatility and speculative nature, Solomon stated he had “never been on the other side as to whether or not bitcoin would be something that’s […]

Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership

Bank of America, Citigroup and Goldman Sachs Report $4,139,000,000 in Losses As US Lenders Witness Major Spike in Unrecoverable Debt

July 20, 2024 The Daily Hodl

bank

Bank of America, Citigroup and Goldman Sachs are reporting $4.139 billion in losses as lenders write off mounting debts that customers can’t honor. In its latest earnings report, Citigroup says its net credit losses, which are debts that the firm does not expect to collect, hit $2.28 billion in Q2 of this year. The figure represents […]

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Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership

Goldman Sachs Boosts Crypto Services Amid Interest Surge — Plans 3 New Tokenization Projects

July 11, 2024 Bitcoin.com

bitcoin.com

Goldman Sachs is expanding its crypto services, focusing on tokenizing assets. The global investment bank plans to launch three tokenization projects by year’s end. Goldman Sachs continues to see client interest, aiming to innovate investment methods and broaden its crypto product suite. Goldman Sachs Expands Crypto Services Amid Growing Institutional Interest Goldman Sachs is enhancing […]

Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership

Goldman Sachs Preparing Move Into Tokenization Services Amid Interest From Clients: Report

July 10, 2024 The Daily Hodl

Daily Hodl

Banking giant Goldman Sachs is reportedly preparing to expand its crypto services with a focus on the tokenization of real-world assets (RWAs). Speaking to Fortune, Goldman’s digital assets global head Mathew McDermott says the bank has “ambitious” plans for the sector. Since providing products that investors want will be the key to success, McDermott said […]

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Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership

Goldman Sachs to launch 3 new tokenization products this year – report

July 10, 2024 Coin Telegraph

Coin Telegraph

The products could include an RWA marketplace and will focus on the United States and Europe.

Goldman Sachs is preparing to launch three new tokenization products later this year in the United States and Europe following “a major uptick in interest from clients” in crypto, according to Fortune, which published an interview with Mathew McDermott, the investment bank’s global head of digital assets, on July 10.

McDermott declined to specify details but did say that Goldman Sachs plans to create marketplaces for tokenized real-world assets (RWAs) and would focus on the “fund complex” in the United States and European debt markets, according to the report.

McDermott reportedly added that the investment bank plans to target financial institutions, rather than retail investors, with its new products and will rely exclusively on permissioned blockchains. He said the RWA marketplace would differentiate itself with the speed of execution and by expanding the types of assets that can be used as collateral.

Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership

Goldman Sachs to roll out trio of tokenization projects by end of year: Report

July 10, 2024 The Crypto Briefing

Business

Goldman Sachs' tokenization projects could significantly accelerate institutional adoption of digital assets, reshaping financial markets.

The post Goldman Sachs to roll out trio of tokenization projects by end of year: Report appeared first on Crypto Briefing.

Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership

JPMorgan Chase, Bank of America and 7 Mega Banks Paying $46,000,000 Over Alleged Conspiracy To Rig Trillion-Dollar Derivatives Market

July 6, 2024 The Daily Hodl

Bank of America

Nine of the largest banks in the world are settling a long-running lawsuit that accuses them of conspiring to rig a $465.9 trillion market. Lawyers representing investors have filed for preliminary approval of a $46 million cash settlement against JPMorgan Chase, Bank of America, Goldman Sachs, BNP Paribas, Citigroup, Deutsche Bank, Morgan Stanley, NatWest and […]

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Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership

US Banking Giant Issues Alert To Investors, Says Ominous ‘Warning Signal’ Now Flashing: Report

July 3, 2024 The Daily Hodl

alert

US banking giant Goldman Sachs just issued an alert to investors. In a new note to clients, the firm’s strategists say a series of fundamental factors suggest a market correction is on the horizon, reports Investing.com. Goldman points to declining real income growth, a slowdown in the nation’s GDP growth and weakening consumer sentiment as […]

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Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership

AI needs a killer app to prove it’s not a bubble — Goldman Sachs, MIT

June 30, 2024 Coin Telegraph

AI Bubble

Analysts were split over whether today’s AI investments would pay off in the next decade.

Analysts from Goldman Sachs and MIT recently took a deep dive into the generative artificial intelligence (AI) market to determine its short- and long-term viability for investors.

The question looming over their research was whether the current AI market represents an expanding bubble waiting to burst, or the “pickaxes and shovels” stage of the next frontier for technology and industry.

Unfortunately, according to the report, the answer isn’t so simple. The marketplace differences that occur when a bubble is about to burst — as seen when the dot-com bubble burst — and a killer application is about to turbocharge a technology — as seen when Satoshi Nakamoto et al. invented cryptocurrency — can be too subtle to see until it’s too late.

Goldman Sachs

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