Secret’s Out: Goldman Sachs is Scouting its Cryptocurrency Chief

Secret’s Out: Goldman Sachs is Scouting its Cryptocurrency Chief

Look out, Facebook! Goldman Sachs is now hiring a cryptocurrency project manager. The firm wants their new project manager to lead the development of Distributed Ledger Technology. The Wall Street bank’s foray into cryptocurrency is part of its GS Accelerate initiative. Goldman Sachs is Signing up Customers for its Bitcoin Trading Product: Report https://t.co/VOcaLh15aM —…

Crypto Will Survive Bear Market But Won’t Replace Money: Allianz Chief Economist

Crypto Will Survive Bear Market But Won’t Replace Money: Allianz Chief Economist

Advertisement Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Crypto will survive the current market sell-off because it’s here to stay. However, cryptocurrencies won’t replace fiat money anytime soon. That’s the assessment of Allianz chief economist Mohamed El-Erian. “Cryptocurrencies will exist.…

Bitcoin Only ‘Masquerades’ as a Currency: BIS Research Chief

Bitcoin Only ‘Masquerades’ as a Currency: BIS Research Chief

Advertisement Hyun Song Shin, Economic Adviser and Head of Research of the Switzerland-based Bank for International Settlements (BIS), told Bloomberg that bitcoin and other cryptocurrencies “fall a long way short of being able to sustain a monetary system” and really only “masquerade” as real currencies. Speaking in the latest episode of the Bloomberg Benchmark podcast, Shin…