Tag: Goldman Sachs
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Ripple Welcomes Another Important Name On Board – Wall Street Veteran To Bring Institutional Investors Into Crypto
Ripple and XRP are still riding the wave of success this year, and all that’s left is the digital asset to eventually mirror the huge bag of achievements marked by both entities. XRP’s price expected to hit $0.5 Ripple has been bagging lots of essential partnerships, its cross-border payment solutions have been gaining ground and…
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Goldman Sachs’ Circle Acquired SpeedInvest, Betting Big On Token-Based Crowdfunding
The Goldman Sachs-backed cryptocurrency firm, Circle, acquired SpeedInvest to spearhead its token-based crowdfunding project. SpeedInvest is a licensed broker-dealer which precisely offers what Circle needs for its blockchain-based financial ecosystem. Circle, which is a p2p crypto payment company, is believing that digital assets and blockchain technology are the future of the financial system. Circle is primarily…
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Circle’s USD Coin (USDC), Backed By Goldman Sachs, Got Support From Six Companies
Circle, the crypto platform backed by Goldman Sachs, recently announced that no less than six companies want to support the newly launched Circle’s stable coin, the USD Coin (USDC). “USDC was launched by the CENTRE open source consortium last week and Circle was the first commercial issuer. Individuals and institutions can enroll in this service…
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Circle, the Goldman Sachs-Backed Crypto Platform, Sells Cryptocurrency Index Funds
Recently, Circle Invest, a Goldman Sachs-backed crypto platform, decided to sell three new collections of index funds for cryptocurrencies, as reported by CCN. According to the Senior Vice President at Circle, Divya Agarwalla, the Circle’s “Buy the Market” feature is a very successful one as more than 30% of the platform’s clients are using it. The three…
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Goldman Sachs ‘Customers Want to Invest Digital Assets’
Goldman Sachs, a large-scale investment bank, has announced that it has acquired a cryptocurrency trading expert who will provide customers with cryptocurrency investment support. Goldman Sachs, formerly of Seven Eight Capital and LMR partner, has joined Justin Schmit, vice president and portfolio manager, according to an Internet media company Tearsheet. Goldman Sachs spokesman Tiffany Galvin…
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What Circle’s Acquisition of Poloniex Means for Crypto (Especially Small Altcoins)
On February 26, fintech startup Circle announced it had closed a deal to buyout the cryptocurrency exchange Poloniex for reportedly $400 million—it is the largest acquisition in crypto history. The acquisition is intriguing because it may reveal information about the trajectories of Circle and Poloniex, sentiment of Circle’s venture capital backers, and new services that…