In light of the growing demand and popularity of digital assets, Goldman has been a leading Wall Street Bank with eyes on the sector. In July, the bank mentioned its plans to launch three new tokenization products in the US and Europe. The bank also seeks to create marketplaces for tokenized real-world assets.\u00a0<\/p>\n\n\n\n
Goldman has made inroads following the approvals of spot Bitcoin ETFs<\/a> earlier this year. The bank was, alongside other asset managers Capula Management and Avenir Tech, the biggest buyers of BTC ETFs in the second quarter of 2024.\u00a0<\/p>\n","post_title":"Goldman Sachs Reportedly Wants To Spin Its Crypto Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"goldman-sachs-reportedly-wants-to-spin-its-crypto-platform","to_ping":"","pinged":"","post_modified":"2024-11-24 22:09:58","post_modified_gmt":"2024-11-24 11:09:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>HSBC Survives Bid By Top Shareholder To Spin Off Lucrative Asian Operations<\/a><\/p>\n\n\n\n In light of the growing demand and popularity of digital assets, Goldman has been a leading Wall Street Bank with eyes on the sector. In July, the bank mentioned its plans to launch three new tokenization products in the US and Europe. The bank also seeks to create marketplaces for tokenized real-world assets.\u00a0<\/p>\n\n\n\n Goldman has made inroads following the approvals of spot Bitcoin ETFs<\/a> earlier this year. The bank was, alongside other asset managers Capula Management and Avenir Tech, the biggest buyers of BTC ETFs in the second quarter of 2024.\u00a0<\/p>\n","post_title":"Goldman Sachs Reportedly Wants To Spin Its Crypto Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"goldman-sachs-reportedly-wants-to-spin-its-crypto-platform","to_ping":"","pinged":"","post_modified":"2024-11-24 22:09:58","post_modified_gmt":"2024-11-24 11:09:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Plans for the spinout are still in the early stages, but McDermott says the bank expects to complete the process in the next 12 to 18 months, subject to regulatory approvals.<\/p>\n\n\n\n See Related: <\/em><\/strong>HSBC Survives Bid By Top Shareholder To Spin Off Lucrative Asian Operations<\/a><\/p>\n\n\n\n In light of the growing demand and popularity of digital assets, Goldman has been a leading Wall Street Bank with eyes on the sector. In July, the bank mentioned its plans to launch three new tokenization products in the US and Europe. The bank also seeks to create marketplaces for tokenized real-world assets.\u00a0<\/p>\n\n\n\n Goldman has made inroads following the approvals of spot Bitcoin ETFs<\/a> earlier this year. The bank was, alongside other asset managers Capula Management and Avenir Tech, the biggest buyers of BTC ETFs in the second quarter of 2024.\u00a0<\/p>\n","post_title":"Goldman Sachs Reportedly Wants To Spin Its Crypto Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"goldman-sachs-reportedly-wants-to-spin-its-crypto-platform","to_ping":"","pinged":"","post_modified":"2024-11-24 22:09:58","post_modified_gmt":"2024-11-24 11:09:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\u201cThe bank is in talks with a number of market participants on the plans as it continues to build out the platform\u2019s capabilities and develop new commercial use cases.\u201d<\/em><\/p>\n\n\n\n Plans for the spinout are still in the early stages, but McDermott says the bank expects to complete the process in the next 12 to 18 months, subject to regulatory approvals.<\/p>\n\n\n\n See Related: <\/em><\/strong>HSBC Survives Bid By Top Shareholder To Spin Off Lucrative Asian Operations<\/a><\/p>\n\n\n\n In light of the growing demand and popularity of digital assets, Goldman has been a leading Wall Street Bank with eyes on the sector. In July, the bank mentioned its plans to launch three new tokenization products in the US and Europe. The bank also seeks to create marketplaces for tokenized real-world assets.\u00a0<\/p>\n\n\n\n Goldman has made inroads following the approvals of spot Bitcoin ETFs<\/a> earlier this year. The bank was, alongside other asset managers Capula Management and Avenir Tech, the biggest buyers of BTC ETFs in the second quarter of 2024.\u00a0<\/p>\n","post_title":"Goldman Sachs Reportedly Wants To Spin Its Crypto Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"goldman-sachs-reportedly-wants-to-spin-its-crypto-platform","to_ping":"","pinged":"","post_modified":"2024-11-24 22:09:58","post_modified_gmt":"2024-11-24 11:09:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Goldman says the digital assets platform, known as GS DAP, will partner with Tradeweb Markets, an electronics trading entity, and others to expand its platform uses. The bank\u2019s global head of digital assets, Mathew McDermott, said<\/a> in an interview:<\/p>\n\n\n\n \u201cThe bank is in talks with a number of market participants on the plans as it continues to build out the platform\u2019s capabilities and develop new commercial use cases.\u201d<\/em><\/p>\n\n\n\n Plans for the spinout are still in the early stages, but McDermott says the bank expects to complete the process in the next 12 to 18 months, subject to regulatory approvals.<\/p>\n\n\n\n See Related: <\/em><\/strong>HSBC Survives Bid By Top Shareholder To Spin Off Lucrative Asian Operations<\/a><\/p>\n\n\n\n In light of the growing demand and popularity of digital assets, Goldman has been a leading Wall Street Bank with eyes on the sector. In July, the bank mentioned its plans to launch three new tokenization products in the US and Europe. The bank also seeks to create marketplaces for tokenized real-world assets.\u00a0<\/p>\n\n\n\n Goldman has made inroads following the approvals of spot Bitcoin ETFs<\/a> earlier this year. The bank was, alongside other asset managers Capula Management and Avenir Tech, the biggest buyers of BTC ETFs in the second quarter of 2024.\u00a0<\/p>\n","post_title":"Goldman Sachs Reportedly Wants To Spin Its Crypto Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"goldman-sachs-reportedly-wants-to-spin-its-crypto-platform","to_ping":"","pinged":"","post_modified":"2024-11-24 22:09:58","post_modified_gmt":"2024-11-24 11:09:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Investment bank Goldman Sachs is set to spin its cryptocurrency platform in favour of a separate industry-owned company. The new company to be created will focus on creating, trading, and settling financial instruments on blockchain.<\/p>\n\n\n\n Goldman says the digital assets platform, known as GS DAP, will partner with Tradeweb Markets, an electronics trading entity, and others to expand its platform uses. The bank\u2019s global head of digital assets, Mathew McDermott, said<\/a> in an interview:<\/p>\n\n\n\n \u201cThe bank is in talks with a number of market participants on the plans as it continues to build out the platform\u2019s capabilities and develop new commercial use cases.\u201d<\/em><\/p>\n\n\n\n Plans for the spinout are still in the early stages, but McDermott says the bank expects to complete the process in the next 12 to 18 months, subject to regulatory approvals.<\/p>\n\n\n\n See Related: <\/em><\/strong>HSBC Survives Bid By Top Shareholder To Spin Off Lucrative Asian Operations<\/a><\/p>\n\n\n\n In light of the growing demand and popularity of digital assets, Goldman has been a leading Wall Street Bank with eyes on the sector. In July, the bank mentioned its plans to launch three new tokenization products in the US and Europe. The bank also seeks to create marketplaces for tokenized real-world assets.\u00a0<\/p>\n\n\n\n Goldman has made inroads following the approvals of spot Bitcoin ETFs<\/a> earlier this year. The bank was, alongside other asset managers Capula Management and Avenir Tech, the biggest buyers of BTC ETFs in the second quarter of 2024.\u00a0<\/p>\n","post_title":"Goldman Sachs Reportedly Wants To Spin Its Crypto Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"goldman-sachs-reportedly-wants-to-spin-its-crypto-platform","to_ping":"","pinged":"","post_modified":"2024-11-24 22:09:58","post_modified_gmt":"2024-11-24 11:09:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Investment bank Goldman Sachs is set to spin its cryptocurrency platform in favour of a separate industry-owned company. The new company to be created will focus on creating, trading, and settling financial instruments on blockchain.<\/p>\n\n\n\n Goldman says the digital assets platform, known as GS DAP, will partner with Tradeweb Markets, an electronics trading entity, and others to expand its platform uses. The bank\u2019s global head of digital assets, Mathew McDermott, said<\/a> in an interview:<\/p>\n\n\n\n \u201cThe bank is in talks with a number of market participants on the plans as it continues to build out the platform\u2019s capabilities and develop new commercial use cases.\u201d<\/em><\/p>\n\n\n\n Plans for the spinout are still in the early stages, but McDermott says the bank expects to complete the process in the next 12 to 18 months, subject to regulatory approvals.<\/p>\n\n\n\n See Related: <\/em><\/strong>HSBC Survives Bid By Top Shareholder To Spin Off Lucrative Asian Operations<\/a><\/p>\n\n\n\n In light of the growing demand and popularity of digital assets, Goldman has been a leading Wall Street Bank with eyes on the sector. In July, the bank mentioned its plans to launch three new tokenization products in the US and Europe. The bank also seeks to create marketplaces for tokenized real-world assets.\u00a0<\/p>\n\n\n\n Goldman has made inroads following the approvals of spot Bitcoin ETFs<\/a> earlier this year. The bank was, alongside other asset managers Capula Management and Avenir Tech, the biggest buyers of BTC ETFs in the second quarter of 2024.\u00a0<\/p>\n","post_title":"Goldman Sachs Reportedly Wants To Spin Its Crypto Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"goldman-sachs-reportedly-wants-to-spin-its-crypto-platform","to_ping":"","pinged":"","post_modified":"2024-11-24 22:09:58","post_modified_gmt":"2024-11-24 11:09:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Investment bank Goldman Sachs is set to spin its cryptocurrency platform in favour of a separate industry-owned company. The new company to be created will focus on creating, trading, and settling financial instruments on blockchain.<\/p>\n\n\n\n Goldman says the digital assets platform, known as GS DAP, will partner with Tradeweb Markets, an electronics trading entity, and others to expand its platform uses. The bank\u2019s global head of digital assets, Mathew McDermott, said<\/a> in an interview:<\/p>\n\n\n\n \u201cThe bank is in talks with a number of market participants on the plans as it continues to build out the platform\u2019s capabilities and develop new commercial use cases.\u201d<\/em><\/p>\n\n\n\n Plans for the spinout are still in the early stages, but McDermott says the bank expects to complete the process in the next 12 to 18 months, subject to regulatory approvals.<\/p>\n\n\n\n See Related: <\/em><\/strong>HSBC Survives Bid By Top Shareholder To Spin Off Lucrative Asian Operations<\/a><\/p>\n\n\n\n In light of the growing demand and popularity of digital assets, Goldman has been a leading Wall Street Bank with eyes on the sector. In July, the bank mentioned its plans to launch three new tokenization products in the US and Europe. The bank also seeks to create marketplaces for tokenized real-world assets.\u00a0<\/p>\n\n\n\n Goldman has made inroads following the approvals of spot Bitcoin ETFs<\/a> earlier this year. The bank was, alongside other asset managers Capula Management and Avenir Tech, the biggest buyers of BTC ETFs in the second quarter of 2024.\u00a0<\/p>\n","post_title":"Goldman Sachs Reportedly Wants To Spin Its Crypto Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"goldman-sachs-reportedly-wants-to-spin-its-crypto-platform","to_ping":"","pinged":"","post_modified":"2024-11-24 22:09:58","post_modified_gmt":"2024-11-24 11:09:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Investment bank Goldman Sachs is set to spin its cryptocurrency platform in favour of a separate industry-owned company. The new company to be created will focus on creating, trading, and settling financial instruments on blockchain.<\/p>\n\n\n\n Goldman says the digital assets platform, known as GS DAP, will partner with Tradeweb Markets, an electronics trading entity, and others to expand its platform uses. The bank\u2019s global head of digital assets, Mathew McDermott, said<\/a> in an interview:<\/p>\n\n\n\n \u201cThe bank is in talks with a number of market participants on the plans as it continues to build out the platform\u2019s capabilities and develop new commercial use cases.\u201d<\/em><\/p>\n\n\n\n Plans for the spinout are still in the early stages, but McDermott says the bank expects to complete the process in the next 12 to 18 months, subject to regulatory approvals.<\/p>\n\n\n\n See Related: <\/em><\/strong>HSBC Survives Bid By Top Shareholder To Spin Off Lucrative Asian Operations<\/a><\/p>\n\n\n\n In light of the growing demand and popularity of digital assets, Goldman has been a leading Wall Street Bank with eyes on the sector. In July, the bank mentioned its plans to launch three new tokenization products in the US and Europe. The bank also seeks to create marketplaces for tokenized real-world assets.\u00a0<\/p>\n\n\n\n Goldman has made inroads following the approvals of spot Bitcoin ETFs<\/a> earlier this year. The bank was, alongside other asset managers Capula Management and Avenir Tech, the biggest buyers of BTC ETFs in the second quarter of 2024.\u00a0<\/p>\n","post_title":"Goldman Sachs Reportedly Wants To Spin Its Crypto Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"goldman-sachs-reportedly-wants-to-spin-its-crypto-platform","to_ping":"","pinged":"","post_modified":"2024-11-24 22:09:58","post_modified_gmt":"2024-11-24 11:09:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
A confirmed breach and close above $3,506 might, in this regard, allow Ethereum to make an attempt closer to $4,000, which is a reasonable milestone that will further cement its upside case. Failure to scale through it, might see a pullback correction in its price. Analysts believe $3,000 is strong support and might act like a cushion in case of a pullback.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis:\u00a0 Anticipating A Minor Correction As BTC Approaches $100K And Examining ETH's Resistance At $3.5K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-anticipating-a-minor-correction-as-btc-approaches-100k-and-examining-eths-resistance-at-3-5k","to_ping":"","pinged":"","post_modified":"2024-11-25 00:13:19","post_modified_gmt":"2024-11-24 13:13:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19729","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19695,"post_author":"21","post_date":"2024-11-24 22:09:52","post_date_gmt":"2024-11-24 11:09:52","post_content":"\n Investment bank Goldman Sachs is set to spin its cryptocurrency platform in favour of a separate industry-owned company. The new company to be created will focus on creating, trading, and settling financial instruments on blockchain.<\/p>\n\n\n\n Goldman says the digital assets platform, known as GS DAP, will partner with Tradeweb Markets, an electronics trading entity, and others to expand its platform uses. The bank\u2019s global head of digital assets, Mathew McDermott, said<\/a> in an interview:<\/p>\n\n\n\n \u201cThe bank is in talks with a number of market participants on the plans as it continues to build out the platform\u2019s capabilities and develop new commercial use cases.\u201d<\/em><\/p>\n\n\n\n Plans for the spinout are still in the early stages, but McDermott says the bank expects to complete the process in the next 12 to 18 months, subject to regulatory approvals.<\/p>\n\n\n\n See Related: <\/em><\/strong>HSBC Survives Bid By Top Shareholder To Spin Off Lucrative Asian Operations<\/a><\/p>\n\n\n\n In light of the growing demand and popularity of digital assets, Goldman has been a leading Wall Street Bank with eyes on the sector. In July, the bank mentioned its plans to launch three new tokenization products in the US and Europe. The bank also seeks to create marketplaces for tokenized real-world assets.\u00a0<\/p>\n\n\n\n Goldman has made inroads following the approvals of spot Bitcoin ETFs<\/a> earlier this year. The bank was, alongside other asset managers Capula Management and Avenir Tech, the biggest buyers of BTC ETFs in the second quarter of 2024.\u00a0<\/p>\n","post_title":"Goldman Sachs Reportedly Wants To Spin Its Crypto Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"goldman-sachs-reportedly-wants-to-spin-its-crypto-platform","to_ping":"","pinged":"","post_modified":"2024-11-24 22:09:58","post_modified_gmt":"2024-11-24 11:09:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
With the recent rise, Ethereum has climbed above the 61.8% Fibonacci retracement at $3,300, which was considered important for structural development and thus closely watched by traders tracking major technical formations. The RSI on the daily chart is now 68 above its midpoint of 50. The uptrend implies increasing momentum to the upside as the RSI inches closer to overbought territory.<\/p>\n\n\n\n A confirmed breach and close above $3,506 might, in this regard, allow Ethereum to make an attempt closer to $4,000, which is a reasonable milestone that will further cement its upside case. Failure to scale through it, might see a pullback correction in its price. Analysts believe $3,000 is strong support and might act like a cushion in case of a pullback.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis:\u00a0 Anticipating A Minor Correction As BTC Approaches $100K And Examining ETH's Resistance At $3.5K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-anticipating-a-minor-correction-as-btc-approaches-100k-and-examining-eths-resistance-at-3-5k","to_ping":"","pinged":"","post_modified":"2024-11-25 00:13:19","post_modified_gmt":"2024-11-24 13:13:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19729","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19695,"post_author":"21","post_date":"2024-11-24 22:09:52","post_date_gmt":"2024-11-24 11:09:52","post_content":"\n Investment bank Goldman Sachs is set to spin its cryptocurrency platform in favour of a separate industry-owned company. The new company to be created will focus on creating, trading, and settling financial instruments on blockchain.<\/p>\n\n\n\n Goldman says the digital assets platform, known as GS DAP, will partner with Tradeweb Markets, an electronics trading entity, and others to expand its platform uses. The bank\u2019s global head of digital assets, Mathew McDermott, said<\/a> in an interview:<\/p>\n\n\n\n \u201cThe bank is in talks with a number of market participants on the plans as it continues to build out the platform\u2019s capabilities and develop new commercial use cases.\u201d<\/em><\/p>\n\n\n\n Plans for the spinout are still in the early stages, but McDermott says the bank expects to complete the process in the next 12 to 18 months, subject to regulatory approvals.<\/p>\n\n\n\n See Related: <\/em><\/strong>HSBC Survives Bid By Top Shareholder To Spin Off Lucrative Asian Operations<\/a><\/p>\n\n\n\n In light of the growing demand and popularity of digital assets, Goldman has been a leading Wall Street Bank with eyes on the sector. In July, the bank mentioned its plans to launch three new tokenization products in the US and Europe. The bank also seeks to create marketplaces for tokenized real-world assets.\u00a0<\/p>\n\n\n\n Goldman has made inroads following the approvals of spot Bitcoin ETFs<\/a> earlier this year. The bank was, alongside other asset managers Capula Management and Avenir Tech, the biggest buyers of BTC ETFs in the second quarter of 2024.\u00a0<\/p>\n","post_title":"Goldman Sachs Reportedly Wants To Spin Its Crypto Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"goldman-sachs-reportedly-wants-to-spin-its-crypto-platform","to_ping":"","pinged":"","post_modified":"2024-11-24 22:09:58","post_modified_gmt":"2024-11-24 11:09:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Ethereum continued its uptrend, adding over 9% on Thursday, and then held its breath into Friday, changing hands over $3,421. The cryptocurrency is getting close to a pivotal weekly resistance at $3,506, from where the course for the following days will be decided.<\/p>\n\n\n\n With the recent rise, Ethereum has climbed above the 61.8% Fibonacci retracement at $3,300, which was considered important for structural development and thus closely watched by traders tracking major technical formations. The RSI on the daily chart is now 68 above its midpoint of 50. The uptrend implies increasing momentum to the upside as the RSI inches closer to overbought territory.<\/p>\n\n\n\n A confirmed breach and close above $3,506 might, in this regard, allow Ethereum to make an attempt closer to $4,000, which is a reasonable milestone that will further cement its upside case. Failure to scale through it, might see a pullback correction in its price. Analysts believe $3,000 is strong support and might act like a cushion in case of a pullback.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis:\u00a0 Anticipating A Minor Correction As BTC Approaches $100K And Examining ETH's Resistance At $3.5K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-anticipating-a-minor-correction-as-btc-approaches-100k-and-examining-eths-resistance-at-3-5k","to_ping":"","pinged":"","post_modified":"2024-11-25 00:13:19","post_modified_gmt":"2024-11-24 13:13:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19729","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19695,"post_author":"21","post_date":"2024-11-24 22:09:52","post_date_gmt":"2024-11-24 11:09:52","post_content":"\n Investment bank Goldman Sachs is set to spin its cryptocurrency platform in favour of a separate industry-owned company. The new company to be created will focus on creating, trading, and settling financial instruments on blockchain.<\/p>\n\n\n\n Goldman says the digital assets platform, known as GS DAP, will partner with Tradeweb Markets, an electronics trading entity, and others to expand its platform uses. The bank\u2019s global head of digital assets, Mathew McDermott, said<\/a> in an interview:<\/p>\n\n\n\n \u201cThe bank is in talks with a number of market participants on the plans as it continues to build out the platform\u2019s capabilities and develop new commercial use cases.\u201d<\/em><\/p>\n\n\n\n Plans for the spinout are still in the early stages, but McDermott says the bank expects to complete the process in the next 12 to 18 months, subject to regulatory approvals.<\/p>\n\n\n\n See Related: <\/em><\/strong>HSBC Survives Bid By Top Shareholder To Spin Off Lucrative Asian Operations<\/a><\/p>\n\n\n\n In light of the growing demand and popularity of digital assets, Goldman has been a leading Wall Street Bank with eyes on the sector. In July, the bank mentioned its plans to launch three new tokenization products in the US and Europe. The bank also seeks to create marketplaces for tokenized real-world assets.\u00a0<\/p>\n\n\n\n Goldman has made inroads following the approvals of spot Bitcoin ETFs<\/a> earlier this year. The bank was, alongside other asset managers Capula Management and Avenir Tech, the biggest buyers of BTC ETFs in the second quarter of 2024.\u00a0<\/p>\n","post_title":"Goldman Sachs Reportedly Wants To Spin Its Crypto Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"goldman-sachs-reportedly-wants-to-spin-its-crypto-platform","to_ping":"","pinged":"","post_modified":"2024-11-24 22:09:58","post_modified_gmt":"2024-11-24 11:09:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
<\/a><\/p>\n\n\n\n Ethereum continued its uptrend, adding over 9% on Thursday, and then held its breath into Friday, changing hands over $3,421. The cryptocurrency is getting close to a pivotal weekly resistance at $3,506, from where the course for the following days will be decided.<\/p>\n\n\n\n With the recent rise, Ethereum has climbed above the 61.8% Fibonacci retracement at $3,300, which was considered important for structural development and thus closely watched by traders tracking major technical formations. The RSI on the daily chart is now 68 above its midpoint of 50. The uptrend implies increasing momentum to the upside as the RSI inches closer to overbought territory.<\/p>\n\n\n\n A confirmed breach and close above $3,506 might, in this regard, allow Ethereum to make an attempt closer to $4,000, which is a reasonable milestone that will further cement its upside case. Failure to scale through it, might see a pullback correction in its price. Analysts believe $3,000 is strong support and might act like a cushion in case of a pullback.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis:\u00a0 Anticipating A Minor Correction As BTC Approaches $100K And Examining ETH's Resistance At $3.5K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-anticipating-a-minor-correction-as-btc-approaches-100k-and-examining-eths-resistance-at-3-5k","to_ping":"","pinged":"","post_modified":"2024-11-25 00:13:19","post_modified_gmt":"2024-11-24 13:13:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19729","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19695,"post_author":"21","post_date":"2024-11-24 22:09:52","post_date_gmt":"2024-11-24 11:09:52","post_content":"\n Investment bank Goldman Sachs is set to spin its cryptocurrency platform in favour of a separate industry-owned company. The new company to be created will focus on creating, trading, and settling financial instruments on blockchain.<\/p>\n\n\n\n Goldman says the digital assets platform, known as GS DAP, will partner with Tradeweb Markets, an electronics trading entity, and others to expand its platform uses. The bank\u2019s global head of digital assets, Mathew McDermott, said<\/a> in an interview:<\/p>\n\n\n\n \u201cThe bank is in talks with a number of market participants on the plans as it continues to build out the platform\u2019s capabilities and develop new commercial use cases.\u201d<\/em><\/p>\n\n\n\n Plans for the spinout are still in the early stages, but McDermott says the bank expects to complete the process in the next 12 to 18 months, subject to regulatory approvals.<\/p>\n\n\n\nGoldman Among Leading Banks Eyeing Crypto<\/strong><\/h2>\n\n\n\n
Goldman Among Leading Banks Eyeing Crypto<\/strong><\/h2>\n\n\n\n
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