Author: Crypto Insider

Goldman Sachs Group Inc. is wading deeper into the $1 trillion Bitcoin market, offering Wall Street investors a way to place big bets. The investment bank has opened up trading with non-deliverable forwards, a derivative tied to Bitcoin’s price that pays out in cash. The firm then protects itself from the digital currency’s famous volatility by buying and…

On May 5, the Ethereum Classic rate on the Binance crypto exchange first exceeded $ 81.6, having risen in price by 40% since the beginning of this year. At the same time, the market capitalization of the project exceeded $ 9.8 billion, and the daily trading volumes of the asset reached $ 18.2 billion. Ethereum…

New York State Senate Energy and Telecommunications Committee Chairman Kevin Parker introduced a bill that proposes a moratorium on mining cryptocurrency using electricity generated by burning fossil fuels in the state for a period of three years. The senator argues that the mining of cryptocurrency should be banned to reduce the negative impact on the…

Rosa “Rosie” Gumataotao Rios, 43rd Treasurer of the United States, joins the Ripple Board of Directors and Kristina Campbell joins as Chief Financial Officer. “These two exceptional leaders join Ripple at a pivotal time for the company,” said Brad Garlinghouse, CEO, Ripple. “Rosie’s experience in the public and private sectors provides an invaluable perspective to…

For the first time, customers of some U.S. banks will soon be able to buy, hold and sell bitcoin through their existing accounts, according to crypto custody firm NYDIG. The company, a subsidiary of $10 billion New York-based asset manager Stone Ridge, has partnered with fintech giant Fidelity National Information Services to enable U.S. banks to offer bitcoin…

The Digital Dollar Foundation will partner with Fortune 500 consulting firm Accenture to launch five pilot projects this year to test the digital dollar. This was announced by Christopher Giancarlo, former chairman of the Commodity Futures Trading Commission (CFTC) and co-founder of the Digital Dollar Foundation. He said that over the next two months, the…