CDS Crypto News Goldman Sachs Clients Dabble in Crypto Waters: Shift in Investment Trends
Crypto News

Goldman Sachs Clients Dabble in Crypto Waters: Shift in Investment Trends

This week in the world of cryptocurrency, we delve into the evolving landscape of crypto exchanges, the surge of inflows into BlackRock's Bitcoin ETF, Goldman Sachs' clientele reengaging with the crypto market, and Mastercard's projections regarding remittance trends in Latin America.

136
Goldman Sachs Clients Dabble In Crypto Waters: Shift In Investment Trends

Crypto News- Crypto exchanges around the globe are grappling with a fresh wave of regulatory challenges, with KuCoin and its founders recently indicted by the United States Department of Justice (DOJ) for allegedly operating without a license and violating the Bank Secrecy Act. The DOJ’s move coincides with a civil enforcement case by the U.S. Commodity Futures Trading Commission (CFTC) against KuCoin, alleging multiple violations by the exchange, including handling over $5 billion in suspicious and criminal funds.

Goldman Sachs Clients Dabble in Crypto Waters: Shift in Investment Trends

Adding to the regulatory pressures, Coinbase faced a setback as District Judge Katherine Failla denied its motion to dismiss a lawsuit from the U.S. Securities and Exchange Commission (SEC), arguing over the classification of certain transactions as securities.

BlackRock’s Bitcoin ETF Could Surpass GBTC in Holdings Within Three Weeks

In the Philippines, concerns over unlicensed operations led to the blocking of local users’ access to Binance, while in Russia, Binance’s successor, CommEx, announced its shutdown and halted deposits, following its acquisition of Binance’s Russian business in 2023.

Amidst these challenges, developments in the crypto industry continue, with BlackRock’s Bitcoin exchange-traded fund (ETF) poised to surpass Grayscale Bitcoin Trust (GBTC) holdings, Galaxy Digital reporting a significant turnaround in net income for 2023, and Goldman Sachs observing renewed interest from hedge fund clients in crypto investments, particularly in Bitcoin-related products.

Additionally, SWIFT has declared successful results from the second phase of sandbox testing for its CBDC interlinking solution, exploring various use cases including digital trading with instant settlement, tokenization platforms, and connectivity with existing foreign exchange infrastructures. SWIFT plans to further develop its connector based on these findings.

Goldman Sachs Clients Dabble In Crypto Waters: Shift In Investment Trends

Leave a comment

Leave a Reply

Related Articles

Sui Blockchain Faces First Major Outage: What Happened and What’s Next

Sui blockchain faces its first major outage—learn what happened, the impact on...

MicroStrategy Stock Reaches New High as Bitcoin Surges Above $98,000

MicroStrategy’s stock surged to a new all-time high as Bitcoin reached $98,000,...

Mysten Labs Resolves Sui Blockchain Outage, dApps Resume Functioning

Mysten Labs Resolves Sui Blockchain Outage, dApps Resume Functioning

Top 3 Cryptos on November 21: Qubetics Soars as Ethereum and Solana Face Resistance

Top 3 Cryptos on November 21: Qubetics Soars as Ethereum and Solana...