In a recent briefing on Goldman Sach's 2021 outlook, Sharmin Mossavar-Rahmani, head of the firm's head of the Investment Strategy Group for the Consumer and Investment Management Division, poured cold water on the idea Bitcoin is a new digital gold, saying, "just because everybody piles into an idea and talks it up doesn’t mean it’s a store of value.”
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Markets Report: Bitcoin Price Erases $500 Dip to Challenge $12K Twice in One Day
Weekend action sets the scene for a turbulent start to the week, as BTC/USD puts in its highest weekly close since just after its all-time highs of $20,000
Bitcoin is keeping the market guessing this Monday—$12,000 came and went in sudden spurts of volatility which show no signs of stopping. According to data from price trackers including CoinMarketCap, Bitcoin showed signs of breakout through the weekend, this finally coming true in the early hours of Monday as BTC/USD hit highs of $12,070.
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The crypto Twitterverse reacted with its usual calm to criticism of Bitcoin (Photo: Klaus Hausmann/Pixabay & FreePNG)NY Fed: Bitcoin is not a new type of money. Crypto: Get the tar and feathers!
“Ignorance” and “incompetence” were two of the more polite replies after a blog post by the New York Federal Reserve Bank last week argued “Bitcoin is not a new type of money”
When the Federal Reserve Bank of New York published a blog post with the headline “Bitcoin Is Not a New Type of Money,” the authors may have hoped their thought-provoking piece would inspire genteel, reasoned debate. But probably not.
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Cryptocurrency attorney and advisor Joshua Klayman has a new role
Mother of Blockchains is taking over the U.S. fintech, blockchain, and digital assets practice at one of the world’s biggest law firms, Linklaters.
A leading attorney in the blockchain and cryptocurrency business, Klayman has joined Linklaters as the U.S. Head of FinTech and Blockchain & Digital Assets, the firm announced on July 18. Linklaters ranked 12th in Law.com’s 2018 Global 200 survey of the highest grossing law firms in the world. Headquartered in London, it has a strong practice in the finance and banking, and the technology market, among other areas.
