Goldman Sachs denies plan to start Bitcoin market-making business
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"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."
"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."
"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."
"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."
"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."
"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."
"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."
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