#CryptoCorner:
Market
Stagnant with #ETH at Lowest in Over a Year, Goldman Sachs CFO Clarifies #Crypto
Trading Desk Position, #Robinhood to Go Public and Australian Watchdog Lists
ICOs and Crypto as Focus Area in Corporate Plan
Market
Stagnant with #ETH at Lowest in Over a Year, Goldman Sachs CFO Clarifies #Crypto
Trading Desk Position, #Robinhood to Go Public and Australian Watchdog Lists
ICOs and Crypto as Focus Area in Corporate Plan
September 7th #CryptoCorner and Podcast sponsored by Crypto
payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App
payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App
Point Roberts, WA, Delta BC September 7, 2018 - Investorideas.com,
a leader in crypto and blockchain investing news reports on what’s driving the
cryptocurrency markets with today’s edition of Crypto Corner, now available in
podcast.
a leader in crypto and blockchain investing news reports on what’s driving the
cryptocurrency markets with today’s edition of Crypto Corner, now available in
podcast.
Listen to today’s Crypto Corner Podcast:
Read this in full at https://www.investorideas.com/news/2018/crypto-corner/09071ETH-GoldmanSachs-Robinhood-Australia.asp
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Market Stagnant with ETH at Lowest in Over a Year, Goldman Sachs CFO
Clarifies Crypto Trading Desk Position, Robinhood to Go Public and Australian
Watchdog Lists ICOs and Crypto as Focus Area in Corporate Plan
Clarifies Crypto Trading Desk Position, Robinhood to Go Public and Australian
Watchdog Lists ICOs and Crypto as Focus Area in Corporate Plan
Heading into the weekend the market is looking
similar to yesterday. Despite minor fluctuation, data from CoinMarketCap indicates that the total market cap is again $204 billion USD at press
time, with Bitcoin (BTC) trading at $6467 USD. Ethereum (ETH), which is still
the second-largest crypto by market cap, is trading at $220 USD, which is its
lowest in more than a year. An analysis of the market drop on Cointelegraph argues that the commonly-blamed Goldman Sachs
decision to cancel plans of launching a crypto trading desk is irrelevant to
recent market behaviour.
similar to yesterday. Despite minor fluctuation, data from CoinMarketCap indicates that the total market cap is again $204 billion USD at press
time, with Bitcoin (BTC) trading at $6467 USD. Ethereum (ETH), which is still
the second-largest crypto by market cap, is trading at $220 USD, which is its
lowest in more than a year. An analysis of the market drop on Cointelegraph argues that the commonly-blamed Goldman Sachs
decision to cancel plans of launching a crypto trading desk is irrelevant to
recent market behaviour.
Experts
generally agree that the correction of the cryptocurrency market on Sept. 6 was
caused by increasing sell pressure and a culmination of various developments,
rather than a single event like the Goldman Sachs Bitcoin trading desk
announcement having an immense impact on a global market.
generally agree that the correction of the cryptocurrency market on Sept. 6 was
caused by increasing sell pressure and a culmination of various developments,
rather than a single event like the Goldman Sachs Bitcoin trading desk
announcement having an immense impact on a global market.
Speaking of
the widely reported Goldman Sachs move, according to an article on CNBC, it is not actually true. Goldman Sachs CFO Martin Chavez, speaking at the TechCrunch Disrupt
Conference in San Francisco yesterday, clarified that recent reports were
false.
the widely reported Goldman Sachs move, according to an article on CNBC, it is not actually true. Goldman Sachs CFO Martin Chavez, speaking at the TechCrunch Disrupt
Conference in San Francisco yesterday, clarified that recent reports were
false.
"I never
thought I would hear myself use this term but I really have to describe that
news as fake news."
thought I would hear myself use this term but I really have to describe that
news as fake news."
Chavez then
went on to explain that Goldman Sachs’ digital assets venture had no timetable
and was multifaceted.
went on to explain that Goldman Sachs’ digital assets venture had no timetable
and was multifaceted.
"When we
talked about exploring digital assets that it was going to be exploration that
would be evolving over time. Maybe someone who was thinking about our
activities here got very excited that we would be making markets as principal
and physical bitcoin, and as they got into it they realized part of the
evolution but its not here yet."
talked about exploring digital assets that it was going to be exploration that
would be evolving over time. Maybe someone who was thinking about our
activities here got very excited that we would be making markets as principal
and physical bitcoin, and as they got into it they realized part of the
evolution but its not here yet."
Also speaking
at the TechCrunch Disrupt Conference was Baiju Bhatt, CEO of stock trading and
crypto exchange company Robinhood. TechCrunch reports that
Bhatt revealed the company was looking to go public, and are currently
searching for a CFO. Robinhood is valued at $5.6 billion USD, tracks 5 million
customers and is currently undergoing audits from the SEC, FINRA and its own
security team in preparation for an IPO.
at the TechCrunch Disrupt Conference was Baiju Bhatt, CEO of stock trading and
crypto exchange company Robinhood. TechCrunch reports that
Bhatt revealed the company was looking to go public, and are currently
searching for a CFO. Robinhood is valued at $5.6 billion USD, tracks 5 million
customers and is currently undergoing audits from the SEC, FINRA and its own
security team in preparation for an IPO.
The Australian
Securities and Investment Commission (ASIC) released its corporate plan for 2018-2022 today, in which it revealed that monitoring
threats from ICOs and cryptocurrencies would be a chief focus area. Two points
of focus in the crypto space were listed as:
Securities and Investment Commission (ASIC) released its corporate plan for 2018-2022 today, in which it revealed that monitoring
threats from ICOs and cryptocurrencies would be a chief focus area. Two points
of focus in the crypto space were listed as:
› Developing our approach for applying the principles for
regulating market infrastructure providers to crypto exchanges
regulating market infrastructure providers to crypto exchanges
› Monitoring emerging products, such as ICOs, and
intervening where there is poor behaviour and potential harm to consumers and
investors
intervening where there is poor behaviour and potential harm to consumers and
investors
Sam Mowers, Investorideas
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