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Goldman Sachs Develops Its Own Cryptocurrency; Sees No Future in Bitcoin

Category: Finance, News

Goldman Sachs Develops Its Own Cryptocurrency; Sees No Future in Bitcoin

Multinational investment banking firm Goldman Sachs has been involved with bitcoin and its underlying distributed ledger technology since early 2014. The bank led a record-breaking US$50 million funding round for bitcoin exchange and payment processing startup Circle Inc. in April and has formed various blockchain-focused research groups to explore the potential of the technology in the traditional financial sector. Despite…

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