Tag Archives: Goldman Sachs’

Why Major U.S. Financial Companies Avoid the Crypto Market

Major U.S. companies have been avoiding the crypto market for a long time. And now, according to Mike Novogratz, a prominent investor and former hedge fund manager at Fortress Investment Group, there is a major reason for this. Continue reading Why Major U.S. Financial Companies Avoid the Crypto Market

NSA Tools Used to Unleash Crypto Mining Malware by Hackers

Hackers are now using software developed by the US National Security Agency (NSA) to illicitly mine cryptocurrencies. According to a recent report released by the Cyber Threat Alliance (CTA), compiled by a collective of cyber-security experts from McAfee, Cisco Talos, NTT Security, Rapid7 and Sophos, among others, crypto mining malware detections have jumped to over 400 percent within the past one and a half years. Continue reading NSA Tools Used to Unleash Crypto Mining Malware by Hackers

Goldman-Backed Crypto Startup Circle, expand into Asia

Fintech startup Circle said that it will hire 100 employees to expand into Asia and improve operations at Poloniex, its recently-acquired cryptocurrency exchange. The Dublin-registered firm, which has received funding from both Goldman Sachs and Chinese tech conglomerate Baidu, will use many of these new hires to improve customer support and operations at Poloniex, which Circle reportedly acquired for $400 million in one of the largest deals in the industry’s history. Continue reading Goldman-Backed Crypto Startup Circle, expand into Asia

Bitcoin ‘Has Potential’ To Drop Below February Low Of $5,922

Goldman Sachs’ technical analysis team led by Sheba Jafari has recently made another Bitcoin (BTC) prediction, stating that the major cryptocurrency risks sinking below the February low, Business Insider reported on March 12. On Sunday, the team sent a note to clients warning that the next BTC sell-off threatens dipping below the February low of $5,922. Jafari’s team suggested that the next sell-off would be caused by the break of short-term support at $9,210. Continue reading Bitcoin ‘Has Potential’ To Drop Below February Low Of $5,922