A leaked slide from a client meeting shows Goldman Sachs does not believe Bitcoin is an asset class. Coinbase angel investor Seth Ginns and Fundstrat analyst David Grider explain why Goldman continues to hold this antiquated position. Ginns and Grider joined Cointelegraph’s weekly Crypto Live Show to bring an investor’s perspective to the usual trader-heavy lineup. They also dive deeply into a broad range of topics including how they began investing in crypto, why they’ve stayed, crypto’s macro impact on the world of finance, private and central bank digital currencies, and institutional involvement in the space. Watch the livestream’s full …
According to Coinopsy.com, over 1,500 cryptocurrencies have collapsed in the past eight years. With so many failures, what is the best way to determine which projects are worth investing in, and how can these projects be found? CEO of Civic, Vinny Lingham, and co-founder of Multicoin Capital, Kyle Samani, joined the latest episode of Cointelegraph’s crypto markets show to explain how they search for and assess crypto investment opportunities. They also discuss how COVID-19 is shaping the role of crypto in the global economy and why Asia may or may not become the DeFi hub of the world. Watch the …
The former CEO and chairman of Starbucks, Howard Schultz, has announced he is considering an independent run in the forthcoming 2020 United States presidential elections, in a tweet posted on Jan. 27. “I love our country, and I am seriously considering running for president as a centrist independent,” he wrote — prompting a spate of critical responses, with most commentators arguing that an independent candidacy would diminish the likelihood of a successful, unified Democratic alternative to a second Trump presidential term. For commentators in the crypto space, a Schultz run would present a complex picture. In a transcript of Starbucks’ …
Tagomi Holdings Inc., an electronic brokerage startup backed by PayPal co-founder Peter Thiel’s venture capital firm, has launched, according to a Dec. 17 press release. Tagomi is an electronic brokerage for digital assets. The firm’s offerings include cross market execution, capital management, post-trading reporting, as well as settlement and custodial services. According to Chief Executive Officer of Tagomi, Jennifer Campbell, the company aims to ease the operational challenges related to trading digital assets. The company caters to clients that “require institutional operational standards.” As Cointelegraph reported in October, institutional investors replaced high net-worth individuals as the biggest buyers of cryptocurrency …
Crypto-focused institutional asset manager Morgan Creek Digital has issued a $1 million bet against the S&P 500 (SPX) stock market index, a press release shared with Cointelegraph reveals Dec. 6. The crypto fund has issued a wager that its Digital Asset Index Fund –– a basket of ten major crypto assets –– will outperform the SPX over the next 10 years, starting Jan. 1, 2019. The S&P 500 is based on market capitalizations of 500 large companies that have common stock listed on major U.S. stock exchanges, the New York Stock Exchange (NYSE) or the Nasdaq Stock Market (NASDAQ). The …