Goldman Sacks said to shelve plans for crypto trading desk

Bitcoin Sustains Harsh 24-hour Tumble Clocks in at $7300 Heading For Moon

The fact that there are still some grey areas in legal issues surrounding regulatory policies for the new digital assets has been quite a put off for the banking institution, and hence the decision to shelve its earlier plans to build a trading platform for cryptocurrencies. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Of those who responded, 65% said that their lack of cryptocurrency ownership can be attributed to lack of understanding or difficulty in use or acquisition.

But 2018 has been a rocky year for the world cryptocurrency with bitcoin prices sliding from record levels, pressured in part by regulators' increased scrutiny of initial coin offerings (ICOs) and cryptocurrency exchanges.

Chavez also went on to say that the bank has no intention to proceed with physical Bitcoin trading at this point in time, claiming that a more reliable custody solution was needed before they would consider the option.

Mercedes opens the German assault on Tesla
Wajih Hossenally, an automotive powertrain analyst with IHS Markit, said that Tesla has a strong hold on the EV market at present. Underneath it all is a pair of asynchronous motors providing all-wheel drive, fed by an 80kWh lithium-ion battery.

On the other hand, Ripple dropped from $0.33 to $0.29, which represents a 13.43% fall. It seems protecting cryptocurrency is more straightforward than selling it.

Prior to the negative development triggered by the news on Wednesday, Bitcoin was on the way to breaching the $7,500 barrier after swinging between $6,000 and $7,000 for weeks. The best gains were seen in Monero and IOTA both rising over 5%.

Though Goldman is not saying it is ditching the idea completely, statements about the future of the project have become somewhat vague.

Serena Williams beats Anastasija Sevastova to reach final
Prior to this meeting, though, it is the first semi-final, between Serena Williams and Anastasia Sevastova, starting at midnight. She recovered to win in three sets, with her opponent accusing her after the match of acting.

Another bit of recent bearish news for cryptocurrencies came late last month when the U.S. Securities and Exchange Commission once again rejected proposals for a bitcoin exchange-traded fund as it continued to voice concern over fraud and possible manipulation in bitcoin markets. Purchasing Bitcoin from someone like Goldman Sachs supposedly makes cryptocurrency easier to stomach, particularly when concerned with being to exposed "dirty" digital coins. Let us know your thoughts in the comments section below.

The presented content may include the personal opinion of the author and is subject to market condition.

Even though there was no major incident that could have possibly slackened the crypto market performance, a slew of speculations has erupted in the wake of the crash. The author or the publication does not hold any responsibility for your personal financial loss.

Jon Kyl to be named as successor to John McCain
Governor Ducey is expected to announce that Jon Kyl will fill the seat of John McCain as Arizona's 2nd US Senator. Kyl said today at the news conference with Ducey that he doesn't have a relationship with Trump.

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