Goldman Sachs denies plan to start Bitcoin market-making business

Leo Zhang

By Leo Zhang

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News

'Not true': Goldman denies Bitcoin trading rumor (CoinDesk, by Stan Higgins)

"What we said was we were opening – we, we're clearing futures in bitcoins for some of our futures clients. We'd clear them. We're a prime broker and so if our clients are going to do it, we're going to do it. A principle bitcoin business where we're going long and short, market making, so far we're not."

Dollar hits new low after Mnuchin says weakness aids trade (WSJ, by Mike Bird and Saumya Vaishampayan

"The comments added to the greenback’s woes and rippled across global markets, boosting the price of metals and emerging market assets, halting the rally in European and Japanese shares, and pushing currencies like the British pound, yen and euro higher."

Kroll report taps Bitcoin as major cyberthreat in china (NewsBTC, by JP Buntix)

"The findings by global risk management firm Kroll paint a worrisome future. China is home to a lot of Bitcoin-related scams as of right now. Given the government’s negative stance toward cryptocurrencies, that is a bit of a surprise. At the same time, this is also part of a growing fraud threat in the country."

Commentary

Carlyle's Rubenstein on Trump and what could stop global growth (WSJ)

"The Carlyle Group Co-Executive Chairman David Rubenstein spoke to WSJ Editor-in-Chief Gerard Baker about the buoyant mood at the World Economic Forum in Davos, Switzerland—and the forces that could derail this."

Infrastructure matters (Medium, by Jill Carlson)

"Blockchain technology has never just been about the issuance of new assets. It’s about how we can custody, trade, transact, and secure value in new ways. This year, look to infrastructure projects to deliver the real transformation."

Technical

Decentralization vs scale: crypto's growing struggle (CoinDesk, by Alyssa Hertig)

"The key impetus behind the interest in blockchains is decentralization of power among entities with minimal trust relationships. But, there's a fundamental tension between scale and decentralization. While we know how to get scale, scaling solutions may require compromising the decentralized nature of blockchains."

The era of quantum computing is here. Outlook: cloudy (Quanta Magazine, by Philip Ball)

"It would be tempting to conclude from all this that the basic problems are solved in principle and the path to a future of ubiquitous quantum computing is now just a matter of engineering. But that would be a mistake. The fundamental physics of quantum computing is far from solved and can’t be readily disentangled from its implementation."

Tools & Tutorials

Bitcoin explained is a simple illustration of how Bitcoin works.

Updates

ETC trading has been added to BitFlyer on its EU, US, & JP platforms this year. Businesswire

ETC has received a full security audit from Kudelski Security Firm on the beta version of its new client application, Mantis. Twitter

Decred Systems Lead Developer Marco Peereboom will present use cases for Decred on Jan 27th At the upcoming CryptoinFrisco Event Twitter

ZenCash has added more qualifications to their criteria list for node operators. Details published on the website. ZenCash

Cardano has enlisted FP Complete for independent 3rd Party Audit of Cardano Blockchain. Starting in February, Cardano and FP Complete will produce regular reports that will be shared with community detailing the results of the audit findings. Forum