After 18 months of strong bond between the two companies, they have finally decided to part ways with the U.S. SEC playing the spoilsport.
In the last two days, two major corporates have announced multi-million-dollar investments in Bitcoin following Tesla’s footsteps.
Mark Cuban owned Dallas Mavericks to accept Dogecoin Payments against tickets purchases and merchandise.
In the latest letter, Ripple lawyers state that the SEC has failed to under “the economic realities” of the XRP sale.
As Ethereum gains mainstream adoption and institutional attention, financial players prepare for ETF-like products for the world’s second-largest crypto.
The person familiar with the matter said that the crypto trading desk will function as part of Goldman’s Global Markets division. Goldman is also looking to offer custodial solutions along with plans of a Bitcoin ETF in future.
Big financial institutions are warming up to Bitcoin slowly as its gains mainstream acceptance. Citi sees Bitcoin as major part of global trade transactions in the future.
Munger said that Bitcoin doesn’t serve well as a medium of exchange and called it an “artificial substitute for gold”.
Powell assured that the Federal Reserve will have a public dialogue while proceeding with its CBDC plans.
All the four central banks will be exploring the use of distributed ledger technology (DLT) thereby facilitating “business use cases in a cross-border context using both domestic and foreign currencies.”