Michael DuValley, a Goldman spokesperson told Reuters 'At this point, we have not reached a conclusion on the scope of our digital asset offering'. Or will sellers follow the lead from this action and continue pushing Bitcoin downward?
Bitcoin fell like dead weight in the air yesterday ignoring the news that adoption is rising following the growth of the Lightning Network. Today, Bitcoin and other major cryptocurrencies suddenly crashed. The probability of the authority approving the ETF are slim given the SEC's past record of rejecting or postponing any such rule change that comes its way.
The Bitcoin price took a heavy hit following the report, falling below the psychological level of $7,000. The declines were unstoppable at the $7,000 while the previous support at $6,800 did little to halt the drop. The situation changed dramatically following a report from the Business Insider, suggesting that U.S. banking giant Goldman Sachs has put on hold plans to open a trading desk for cryptocurrencies.
Preceding Wednesday, during the time of August, Bitcoin demonstrated its largest amount of soundness since June of 2017, as specialists at Diar noted. The news first appeared on Business Insider and stated that the financial investment guru is retreating due to the shaky regulation landscape. Goldman Sachs' CEO Lloyd Blankfein said that Bitcoin trading is not for him, but clarified that if he's open to considering it, if the cryptocurrency becomes "more established".
This latest report from Business Insider will finally put to rest, at least for the time being the speculations surrounding Goldman Sachs' role in the crypto market.
Britain warns Syria at U.N. - 'More babies in Idlib' than 'terrorists'
The bombings followed the failure to agree a ceasefire when the leaders of Iran, Russia and Turkey met in Tehran on Friday. The Damascus regime has vowed to reintegrate the Kurdish-held areas, by force if necessary.
Naomi Osaka upsets Serena Williams in controversial U.S. Open final
Serena, as usual, was a tremendous sport about it all with Osaka despite the umpire significantly shifting the second set. Williams said she didn't know if she would have managed to turn things around if the dispute with Ramos had not occurred.
Nike’s Colin Kaepernick ad airs during National Football League season opener on NBC
Kaepernick's grievance against the league and team owners accuses owners of colluding to keep him off any roster. In the ad, Kaepernick provides narration as various professional and amateur athletes train.
"In response to client interest in various digital products we are exploring how best to provide them in this space". It will show investors a lot about Bitcoin price action.
The company recently appointed David M. Solomon as the new Chairman and Chief Executive Officer.
Another trigger that could have added fuel to the fire is the announcement that ShapeShift; a Bitcoin exchange was going to start registration and in turn reducing anonymity.
Besides Bitcoin (BTC), the study also surveyed the popularity of Ethereum (ETH), Litecoin (LTC), ZCash (ZEC), Dash (DASH), XRP (XRP), Monero (XMR), Cardano (ADA), Stellar (XLM), NEO (NEO), EOS (EOS), NEM (XEM), Dogecoin (DOGE), Midseason/SafeCoin, Lisk (LSK), and Storjcoin X.