Goldman Sachs Reportedly Delaying Creation Of Crypto Trading Desk

Image courtesy of Ethereum World News archives

Image courtesy of Ethereum World News archives

In fact, for the most part, most coins that have been around for longer than one year, are either the same price or less than exactly one year ago, except for Bitcoin (about $4,500 one year ago). In December 2017, the price of Bitcoin reached $20,000.

After January, the price fell, hitting $386.59 on April 7, 2018, then rose to $830.02 on May 5 before falling to its current low.

For the time being, Goldman will direct its efforts toward custody services, where it securely holds crypto assets on behalf of its large institutional clients to ensure those assets are kept safe and secure. Another major crypto coin Ethereum suffered loss and the price of ETH purges even below the point of $300.

Stratis (STRAT) is now trading at $1.58 against the dollar, a -10.23 percent change in the last 24 hours.

Ethereum's nudiustertian drop has obliterated most of the profits it earned in its share of the crypto market as a result of Bitcoin's 2018 fall. A fund holding the currency could attract more investors and push its price higher.

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The news of Goldman getting cold feet caused the cryptocurrency market to crash. The position of bitcoin performs in equivalent to the effects in the market.

At the same time, enthusiasts drawn to Bitcoin's original promise of anonymity and freedom from government control were also dealt a blow on Tuesday when veteran Erik Voorhees's trading platform ShapeShift AG said it will begin asking users for personal information. The last couple of hours increased BTC by 1 percent which now brings it forward by nearly 54.3% in total. One Bytecoin coin can now be bought for approximately $0.0021 or 0.00000032 BTC on popular exchanges including OKEx, Crex24, cfinex and TradeOgre. The rest of the top five cryptocurrencies by market cap toppled by more than 12 percent. But that might change as increasingly more governments around the world are more and more determined to accept cryptocurrencies as payment methods and their blockchain technology for administrative purposes, among others.

ReddCoin (RDD) is now at $0.00 against the dollar, a 4.00 percent change in the last day.

The highest price seen was $7,591.98 on the OOOBTC exchange at 6:07 am today.

Alex Kruger, a business analyst and a crypto trader, expressed not long ago that Bithumb, South Korea's second biggest digital currency trade behind Kakao-run UPbit, said that more than $250 million worth of phony volume was made since August 25.

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