singular_me
14th August 2017, 01:46 PM
watch the irrational exuberance now... everybody in the pool!
a mania will destroy any system, no matter how strong it seems/sounds, because everybody wants to take more than what he puts in.
=================
http://s3.amazonaws.com/main-newsbtc-images/2017/06/13120016/Goldman_Sachs_Starts.jpg
In a note circulated by Robert D. Boroujerdi, an analyst at Goldman Sachs, he indicated that: 'with the total value of cryptocurrencies nearing $120 billion, it was becoming harder for institutional investors to ignore the market'. Considering that the value of the cryptocurrency market was $40 billion at the start of the year, there are significant growth opportunities that financial institutions could potentially capitalise on. Should Goldman Sachs whole-heartedly embrace the cryptocurrency market, this may signal to other financial institutions to do same. As of now, many financial institutions have predominantly held back from fully committing to the crypto-space. A big reason for this, is the risk of uncertainty in the market with regard to how it will be regulated. For example, The Securities and Exchange Commission (SEC) recently ruled that initial coin offerings (ICOs) can be regarded as securities, and as a result, they should be subject to securities regulation. Thus, it is entirely possible that, as a clearer picture is formed with regard to how the crypto-space is regulated, the more capital that financial institutions may commit to cryptocurrencies, in hopes to capture the growth that the space has experienced so far.
Goldman Sachs On Initial Coin Offerings
In a Goldman Sachs FAQ, held for institutional investors, the group highlighted the increasing popoularity of ICOs in the market. Over $1 billion has been raised so far this year through ICOs. ICOs, as a method of raising capital, has proved far more popular amongst start-ups than Angel & Seed VC funding.
SOURCES
http://www.latimes.com/business/la-fi-goldman-sachs-bitcoin-20150430-story.html
http://www.newslocker.com/en-us/news/cryptocurrency/finally-goldman-sachs-publicly-embraces-blockchain/
David Sacks: Cryptocurrency fulfills the 'original vision' we tried to build at PayPal
https://uk.finance.yahoo.com/news/david-sacks-cryptocurrency-fulfills-apos-153800289.html
==============
Mutual benefits (for the usual suspects???)
The nine banks involved, Barclays, BBVA, Commonwealth Bank of Australia, Credit Suisse, J.P. Morgan, State Street, Royal Bank of Scotland, UBS and according to sources Goldman Sachs will partner in the project led by R3. The goal is to bring the block chain technology to the global financial system. Transactions in the financial industry need to be accurate, reliable and safe. The partnership will look for solutions to find better ways to record, reconcile and report financial transactions were these criteria can be met with higher success rates. The technology could also bring significant cost reductions, since separate systems by individual banks are no longer required. The interesting thing about the project is that all players can collaborate on an equal basis. The door for other banks is explicitly open, as stated by the project leaders.
http://www.capitalistreview.com/banks-embrace-bitcoin-technology-will-crypto-currency-finally-break-through/
a mania will destroy any system, no matter how strong it seems/sounds, because everybody wants to take more than what he puts in.
=================
http://s3.amazonaws.com/main-newsbtc-images/2017/06/13120016/Goldman_Sachs_Starts.jpg
In a note circulated by Robert D. Boroujerdi, an analyst at Goldman Sachs, he indicated that: 'with the total value of cryptocurrencies nearing $120 billion, it was becoming harder for institutional investors to ignore the market'. Considering that the value of the cryptocurrency market was $40 billion at the start of the year, there are significant growth opportunities that financial institutions could potentially capitalise on. Should Goldman Sachs whole-heartedly embrace the cryptocurrency market, this may signal to other financial institutions to do same. As of now, many financial institutions have predominantly held back from fully committing to the crypto-space. A big reason for this, is the risk of uncertainty in the market with regard to how it will be regulated. For example, The Securities and Exchange Commission (SEC) recently ruled that initial coin offerings (ICOs) can be regarded as securities, and as a result, they should be subject to securities regulation. Thus, it is entirely possible that, as a clearer picture is formed with regard to how the crypto-space is regulated, the more capital that financial institutions may commit to cryptocurrencies, in hopes to capture the growth that the space has experienced so far.
Goldman Sachs On Initial Coin Offerings
In a Goldman Sachs FAQ, held for institutional investors, the group highlighted the increasing popoularity of ICOs in the market. Over $1 billion has been raised so far this year through ICOs. ICOs, as a method of raising capital, has proved far more popular amongst start-ups than Angel & Seed VC funding.
SOURCES
http://www.latimes.com/business/la-fi-goldman-sachs-bitcoin-20150430-story.html
http://www.newslocker.com/en-us/news/cryptocurrency/finally-goldman-sachs-publicly-embraces-blockchain/
David Sacks: Cryptocurrency fulfills the 'original vision' we tried to build at PayPal
https://uk.finance.yahoo.com/news/david-sacks-cryptocurrency-fulfills-apos-153800289.html
==============
Mutual benefits (for the usual suspects???)
The nine banks involved, Barclays, BBVA, Commonwealth Bank of Australia, Credit Suisse, J.P. Morgan, State Street, Royal Bank of Scotland, UBS and according to sources Goldman Sachs will partner in the project led by R3. The goal is to bring the block chain technology to the global financial system. Transactions in the financial industry need to be accurate, reliable and safe. The partnership will look for solutions to find better ways to record, reconcile and report financial transactions were these criteria can be met with higher success rates. The technology could also bring significant cost reductions, since separate systems by individual banks are no longer required. The interesting thing about the project is that all players can collaborate on an equal basis. The door for other banks is explicitly open, as stated by the project leaders.
http://www.capitalistreview.com/banks-embrace-bitcoin-technology-will-crypto-currency-finally-break-through/