Goldman Sachs expands crypto foray beyond Bitcoin with plans to offer Ether options
/Three months after relaunching its cryptocurrency trading desk, Goldman Sachs is expanding its cryptocurrency reach beyond Bitcoin and into Ether.
Read MoreThree months after relaunching its cryptocurrency trading desk, Goldman Sachs is expanding its cryptocurrency reach beyond Bitcoin and into Ether.
Read MoreState Street is launching a new business unit called State Street Digital, covering cryptocurrency, central bank digital currency, blockchain, and tokenization.
Read MoreStarting in July, some retirement savers will have the option to put some of their funds in crypto. Startup 401(k) provider ForUsAll, which works with small businesses, is partnering with cryptocurrency exchange Coinbase to allow users to allocate up to 5% of their holdings in cryptocurrencies.
Read MoreAt a bitcoin conference in Miami last week, Square CEO Jack Dorsey said the company was considering creating a non-custodial hardware wallet for bitcoin, a move Dorsey said could help “take it to the next level and get to 100 more million people.”
Read MorePayPal’s head of blockchain and crypto, Jose Fernandez da Ponte, announced that Paypal and Venmo users will be able to send bitcoin and other cryptocurrencies to one another and to other apps.
Read MoreHSBC, a global bank with nearly $3T in assets, has decided not to offer bitcoin-related products and services to clients, bucking the trend of other large banks and traditional financial companies that are warming to digital assets, including JPMorgan Chase and Wells Fargo.
Read MoreBitcoin hasn’t been declared dead, but a decline in value is causing some pullback among investors and affecting the value of other digital currencies such as ether, dogecoin, and XRP.
Read MoreGlobal money-transfer provider MoneyGram is letting customers buy and sell bitcoin at MoneyGram physical store locations thanks to a partnership with cryptocurrency exchange Coinme.
Read MorePayPal, in its first quarter 2021 earnings report, said it processed $285B in payments – a 50% bump year-over-year – and added 14.5 million net new active customers.
Read MoreGrayscale investments, the world’s largest cryptocurrency asset manager, entered into the first-ever cryptocurrency partnership with an NFL Team with a new agreement with the New York Giants.
Read MoreE-commerce marketplace eBay, in various media interviews this week, suggested it may accept crypto as a payment method in the future.
Read MoreSoFi, the banking, lending, and investing platform that will soon go public via merger with a special-purpose acquisition company, announced that it’s letting its clients redeem their cash back rewards in bitcoin or ethereum.
Read MoreVenmo, the popular peer-to-peer payments app owned by PayPal that counts 70M users, today announced that users can buy, hold and, sell cryptocurrency directly within the Venmo app.
Read MoreBanks like JPMorgan Chase, Goldman Sachs, and Wells Fargo are reporting blockbuster profits today, but their earnings reports are being overshadowed by a milestone moment for the crypto industry as Coinbase – the first major cryptocurrency company in the U.S. to go public – began trading on the Nasdaq.
Read MoreThe Financial Revolutionist is weekly newsletter and blog focused on the torrid pace of financial innovation. Today, thanks to the exponential rate of technological change, explosion in global trade and new regulations ushered in by the Great Financial Crisis, a new financial revolution is under way. In this battle, virtually every aspect of the greater financial services sector is subject to rigorous challenge. With the Financial Revolutionist, we are aspiring to create a boots-on-the-ground and highly opinionated assessment of important financial innovation developments in the past week.