Goldman Sachs Hedge Fund Clients: Exploring Crypto Opportunities Amid $300 Billion Market Surge
Explore how #GoldmanSachs’ hedge fund clients are delving into #crypto amid a $300 billion market surge.
Goldman Sachs
UK to enter recession in Q4 amid energy crisis: Goldman
Goldman Sachs predicts a significant decrease in British economic growth. The United Kingdom (UK) experienced a record high inflation in June. The main drivers of inflation in the UK are energy prices. Goldman Sachs economists are forecasting a severe decline in British growth later this year, attributing the problem to inflation which has reduced the amount of disposable income for families. The investment bank has downgraded its growth forecast for the UK economy from 1.4% to 0.6%. With each passing day, the macro-world economy gets worse. Consumers’ purchasing power has decreased, while producers have been tolerating low demand. The combination
Goldman Sachs Now Offers Bitcoin-Backed Loan
Goldman Sachs grants cash collateralized by Bitcoin. A spokeswoman said their structure and 24-hour risk management would make the deal more interesting. The investment bank has been increasing its exposure to cryptocurrency since last year. Wall Street giant Goldman Sachs, a leading global investment bank, has launched its first-ever loan backed by cryptocurrency. According to a report from Bloomberg on Thursday, Bitcoin owned by the borrowers can be used as collateral to avail of the loan. A spokeswoman for the bank disclosed in the report that the secured lending facility lent cash collateralized by borrowers who owned Bitcoin. Noting that
Goldman Sachs to Expand Crypto Trading Options to Ethereum
Goldman Sachs revealed in a phone interview that they are planning to offer Ethereum to its clients. The bank stated that many of its clients are interested in trading cryptocurrencies. At the time of writing, Ethereum price is $2,552.98. Multinational banking giant Goldman Sachs has announced that it is mulling over the expansion of its crypto trading offering to Ethereum along with Bitcoin. Specifically, the bank will offer options and futures trading for the said currency in the succeeding months. According to Matthew McDermott, head of digital assets at Goldman Sachs, they have a lot of clients that are interested
DOGE Makes Goldman Sachs Executive Rich, Quits Job
A senior manager at Goldman Sachs resigned from his job after earning a huge profit in Dogecoin DOGE keeps its market position along with the top 5 cryptos in CoinGecko A Goldman Sachs executive has recently resigned from his job after earning a huge profit in Dogecoin (DOGE). Specifically, Aziz McMahon, former managing director at Goldman Sachs, left the company after creating a fortune in his investment in Dogecoin. Truly, Dogecoin, the meme coin, has come a long way in boosting its price that benefits global investors. In the past months, DOGE has been the most-talked digital asset in the
