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Goldman Sachs Reiterates Plan to Roll Out Crypto Assets: Bitcoin Loses 15 Percent of its Value in Past Week

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Published on:
Aug/06/2018

Goldman Sachs has reiterated it plans to roll out “crypto asset offerings” to clients in future in what Bloomberg describes would be a “boost for the burgeoning universe of funds betting on cryptocurrencies.”

“In response to client interest in various digital products we are exploring how best to serve them in this space,” a spokesman for the financial giant said.

Cryptocurrencies, which now account for as much as 80% of all online gambling transactions today, many of which now allow customers to receive payment within under an hour's time, showed some signs of mild recovery in recent days.  On the other hand, Bitcoin has lost nearly 15 percent of its value over the past week.

As of Monday morning New York time, the price of bitcoin was hovering just under $7000.

- Aaron Goldstein, Gambling911.com

Business/Financial News

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