Goldman Sachs

Goldman Sachs to Launch Independent Blockchain Platform, Expanding Institutional Digital Asset Services

cryptosheadlines3 days ago06 mins

November 19, 2024 at 02:30 PM GST updated: November 19, 2024 at 11:54 AM 2 mins read News Goldman Sachs spins off digital asset platform to streamline trading, targeting institutional blockchain adoption. Collaboration with Tradeweb boosts tokenization of U.S. funds, enhancing efficiency in institutional finance. Regulatory-approved Bitcoin ETFs spark renewed institutional interest, driving Goldman Sachs’…

Goldman Sachs Unveils Plan for Independent Digital Asset Platform to Reshape Markets

cryptosheadlines4 days ago01 mins

Goldman Sachs is planning to spin off its digital assets platform into an independent company, aiming to enable large financial firms to create, trade, and settle instruments via blockchain. Mathew McDermott, Goldman’s global head of digital assets, revealed that the initiative is in early stages, with a spin-out goal set within 12 to 18 months,…

Wall Street Banks Boost Positions in Bitcoin and Ethereum ETFs

cryptosheadlines4 days ago05 mins

JPMorgan raised its investments in both Bitcoin and Ethereum ETFs, while Goldman Sachs made substantial investments in Bitcoin ETFs. Both JPMorgan and Morgan Stanley have increased their stakes in MicroStrategy, a Bitcoin-focused company, with JPMorgan adding 660,693 shares, and Morgan Stanley expanding its holdings by 22.6%. Major Wall Street banks are ramping up positions in…

Goldman Sachs’ Bold Bet: Bank Boosts Its Bitcoin ETF Stake to $710 Million

cryptosheadlines7 days ago01 mins

The substantial increase in Goldman Sachs’ bitcoin ETF holdings demonstrates the growing interest of institutional investors in bitcoin. Institutional Investments in Bitcoin Keeps Rising The U.S. Securities and Exchange Commission’s (SEC) 13F report for Q3 ending Sept. 30 revealed that Goldman Sachs now owns $710 million in cryptocurrency assets. The 13F report is a mandatory…

Goldman Sachs Discloses Major Bitcoin Position of $710M Through ETFs

cryptosheadlines1 week ago05 mins

Wall Street giant Goldman Sachs, once lukewarm on crypto, has surprised the financial world with its newfound commitment to Bitcoin after disclosing an impressive $710 million in BTC holdings through several exchange-traded funds. The substantial position reflects a significant increase in the banking firm’s exposure to cryptocurrency, which could be key to its continued adoption…

Goldman Sachs Predicts the Future of BRICS Currency

cryptosheadlines4 weeks ago04 mins

Former Goldman Sachs Chief Economist Jim O’Neill, who coined the abbreviation ‘BRICS’ in a Global Economic research paper in 2001, spoke about the upcoming common currency during an interview with Business Today. The 16th summit in Russia’s Kazan region ended on Thursday with several developments and announcements taking place at the gathering. Also Read: The…

‘Say Goodbye to the Historic US Stock Market Run’: Goldman Sachs

cryptosheadlines4 weeks ago04 mins

Leading investment bank Goldman Sachs has predicted that the US stock market could begin to experience turbulence. The markets recovered from the 2008 financial crisis in 2014 and sustainably scaled up in the charts for a decade. The S&P 500 index has surged nearly 215% in 10 years from a low of 1,830 points to…

Crypto Goes Mainstream: Blackrock Boosts North America’s $1.3T Inflows

cryptosheadlines1 month ago01 mins

Cryptocurrency is increasingly integrated into the mainstream as North America continues to lead the global crypto market, receiving $1.3 trillion in onchain value between July 2023 and June 2024, according to Chainalysis. Institutional giants like Goldman Sachs and Blackrock are now taking serious positions in the crypto space, with U.S. bitcoin exchange-traded products (ETPs) driving…

Bitcoin Price Surge In 2024 Not Enough To Beat Gold’s Risk-Adjusted Returns

cryptosheadlines1 month ago05 mins

Este artículo también está disponible en español. According to Goldman Sachs, Bitcoin (BTC) price appreciation in 2024 failed to compensate for its price volatility risks. Meanwhile, gold’s higher risk-adjusted returns reaffirmed its “safe haven” narrative. Despite The Gains, Bitcoin Fails To Outshine Gold The leading digital asset by reported market cap surged from roughly $42,000…

Goldman Sachs Revises Gold Price Prediction For 2025

cryptosheadlines2 months ago03 mins

Gold prices are hitting the top of the charts every month in 2024, printing new all-time highs. The XAU/USD index, which tracks the performance of gold, shows the precious metal trading at the $2,640 mark. It is close to its ATH of $2,685 and is gearing up to climb above the $2,700 mark. The bullish…

Goldman Sachs Raises Gold Forecast to $2,900 by 2025

cryptosheadlines2 months ago01 mins

In early September, analysts from the financial powerhouse Goldman Sachs projected that the price of gold would hit $2,700 per ounce by next year. Fast forward to a month later, and Goldman’s market strategists are now setting their sights even higher, forecasting gold to climb to $2,900 per ounce in 2025. Gold Set for Gains:…

OpenAI Surpasses Goldman Sachs in Valuation, Tops $157 Billion

cryptosheadlines2 months ago03 mins

After its latest funding round, emerging artificial intelligence giant OpenAi has surpassed Goldman Sachs in valuation, reaching $157 billion. The company’s valuation has nearly doubled in the last nine months alone. They recently raised $6.6 billion in its latest funding round to eclipse this milestone, with funding led by venture company Thrive Capital. Microsoft; Nvidia;…

Goldman Sachs Executive Dismisses BTC, Hails XRP

cryptosheadlines2 months ago06 mins

A Goldman Sachs executive has disclosed that XRP is the perfect fit for the new global financial system, as Bitcoin could be a distraction. Ripple boss Brad Garlinghouse has also explained previously that XRP’s efficiency as a settlement tool positions it above Bitcoin. In a recent interview shared by the Black Swan Capitalist founder, Goldman…

Goldman Sachs Sets Gold Price For 2025

cryptosheadlines3 months ago05 mins

Goldman Sachs, the leading financial giant, has issued a new research note. The note comprises new details on gold and how the AUX is emerging as the second-best-performing asset after crypto. The analysts have also shared insights on gold being an incredible hedge against changing geopolitical narratives and how a new price target is already…

Investors Should Opt For Gold As FED Cut Looms Over: Goldman Sachs

cryptosheadlines3 months ago05 mins

The leading financial behemoth, Goldman Sachs analysts, has finally issued a new statement. In a newly issued research note, they shared how the looming Fed rate cut expectations may materialize sooner and why investors should pivot to gold to safeguard their investments. Also Read: High-Risk High Reward: 3 Cryptocurrency Coins With 10x Gain Potential AUX…

Goldman Sachs Starts Layoffs: Fires Over 1,300 Employees

cryptosheadlines3 months ago03 mins

Goldman Sachs plans to lay off more than 1,300 employees from its global workforce as part of an annual review process to cull low performers. The Wall Street Journal reported the firings on Friday, citing a source close to the matter. JUST IN: $2.8 trillion asset manager Goldman Sachs fires 1,300 employees. — Watcher.Guru (@WatcherGuru)…

Goldman Sachs Lowers U.S. Recession Odds Amid Economic Resilience

cryptosheadlines3 months ago05 mins

🚀 Stay Ahead with AltcoinDaily.co! 🌐 Goldman Sachs has recently revised its outlook on the U.S. economy, lowering the probability of a recession within the next year to 20%, down from their previous estimate of 25%. This optimistic update comes on the heels of encouraging data on retail sales and unemployment. A Further Drop in…

Goldman Sachs Revises U.S. Recession Odds to 20%

cryptosheadlines3 months ago03 mins

Market News Goldman Sachs lowered the U.S. recession odds to 20%. The investment giant predicts a 25-basis-point rate cut from the U.S. Federal Reserve. Global investment giant Goldman Sachs Group, Inc. has lowered the probability of the U.S. entering a recession next year to 20% from its previous estimate of 25%. The firm has expressed…

Goldman Sachs Lowers US Recession Risk to 20%

cryptosheadlines3 months ago01 mins

Goldman Sachs economists have lowered the likelihood of a U.S. recession within the next year from 25% to 20%, citing recent data on retail sales and jobless claims. If the upcoming August jobs report, scheduled for release on September 6, shows favorable results, the probability of a recession may be further reduced to 15%, which…

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Goldman Sachs to Launch Independent Blockchain Platform, Expanding Institutional Digital Asset Services

Goldman Sachs Unveils Plan for Independent Digital Asset Platform to Reshape Markets

Wall Street Banks Boost Positions in Bitcoin and Ethereum ETFs

Goldman Sachs’ Bold Bet: Bank Boosts Its Bitcoin ETF Stake to $710 Million

Goldman Sachs Discloses Major Bitcoin Position of $710M Through ETFs

Goldman Sachs Predicts the Future of BRICS Currency

‘Say Goodbye to the Historic US Stock Market Run’: Goldman Sachs

Crypto Goes Mainstream: Blackrock Boosts North America’s $1.3T Inflows

Bitcoin Price Surge In 2024 Not Enough To Beat Gold’s Risk-Adjusted Returns

Goldman Sachs Revises Gold Price Prediction For 2025

Goldman Sachs Raises Gold Forecast to $2,900 by 2025

OpenAI Surpasses Goldman Sachs in Valuation, Tops $157 Billion

Goldman Sachs Executive Dismisses BTC, Hails XRP

Goldman Sachs Sets Gold Price For 2025

Investors Should Opt For Gold As FED Cut Looms Over: Goldman Sachs

Goldman Sachs Starts Layoffs: Fires Over 1,300 Employees

Goldman Sachs Lowers U.S. Recession Odds Amid Economic Resilience

Goldman Sachs Revises U.S. Recession Odds to 20%

Goldman Sachs Lowers US Recession Risk to 20%