Goldman Sachs plans spend of "tens of millions" of $ to buy or invest in crypto

Reuters carry the report on the plans from investment bank Goldman Sachs, planning large-scale cryptocurrency investment after the collapse of FTX has hit valuations and investor interest.

Mathew McDermott, Goldman's head of digital assets, spoke with Reuters:

• Goldman is doing due diligence on a number of different crypto firms, FTX's implosion has heightened the need for more trustworthy, regulated cryptocurrency players, sees an opportunity to pick up business
• "We do see some really interesting opportunities, priced much more sensibly"
• the underlying technology continues to perform

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Bitcoin Bitcoin Bitcoin is the largest and world’s first digital currency launched back in 2009 by the entity, Satoshi Nakamoto. Being a digital currency, a defining feature of Bitcoin is that it functions without a central bank or single administrator. Rather, Bitcoin instead can be sent by peer-to-peer (P2P) networking, which is itself absent of any intermediaries.Instead of being a physical currency, Bitcoins represent pieces of digital code that can be sent and received across a kind of distributed ledger n Bitcoin is the largest and world’s first digital currency launched back in 2009 by the entity, Satoshi Nakamoto. Being a digital currency, a defining feature of Bitcoin is that it functions without a central bank or single administrator. Rather, Bitcoin instead can be sent by peer-to-peer (P2P) networking, which is itself absent of any intermediaries.Instead of being a physical currency, Bitcoins represent pieces of digital code that can be sent and received across a kind of distributed ledger n Read this Term update: