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Topic: [2018-05-20] Goldman Sachs CEO Blankfein to Step Down, Bestowing Complex Bitcoin (Read 151 times)

legendary
Activity: 1232
Merit: 1091
I am still of believe that the acquisition of Poloniex wasn't because they were interested in the brand and everything around it, but more so its trading engine and the precious licenses and SEC approval to build further on it.

That makes sense. I have been quite skeptical when it comes to the Poloniex takeover initially because of how it was (still is) bleeding due to the outflow of users and capital. Bittrex and mainly Binance completely took over Poloniex's position due to their incompetence. On the other hand, Binance isn't all that innocent either with how they ignore all rules of certain countries, which in more recent times made Japan stand up against them and I believe that more countries will follow. Binance applied for a license to operate in Japan, but they don't understand (don't care is more likely though) that you can't offer your services without having that license in your pocket, but their aggressive marketing strategy has worked out more than well for them.
legendary
Activity: 2170
Merit: 1427
What a rubbish article again.

Lloyd Blankfein is nothing more than a muppet in the end. Goldman Sachs will keep moving on doing everything possible to please their clients and shareholders, and Bitcoin is part of that. They have set the first steps and will continue to work out everything, especially when it comes to Circle and Poloniex. I expect some serious developments there in the forthcoming months/years.

I am still of believe that the acquisition of Poloniex wasn't because they were interested in the brand and everything around it, but more so its trading engine and the precious licenses and SEC approval to build further on it. That approval allows Goldman Sachs to transform that exchange into a securities platform also offering futures and options, all to please their institutional clients. No way they will put all that to a stop. Warren Buffett and Charlie Munger won't be so happy with that; they know they have found a Gold mine. Wink
tyz
legendary
Activity: 3360
Merit: 1533
Goldman Sachs CEO Blankfein to Step Down, Bestowing Complex Bitcoin Relationship

Lloyd Blankfein, 63, is expected to step down as CEO of Goldman Sachs in December, leaving the bank’s future uncertain in several ways, including its relationship with bitcoin.

https://www.ccn.com/goldman-sachs-ceo-blankfein-to-step-down-bestowing-complex-bitcoin-relationship/
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