News with the tag "DM"

Financial services giant Goldman Sachs is reportedly predicting that the S&P 500 (SPX) will hit a new all-time high over the next 12 months amid improving market conditions. In an investment note, analysts at Goldman raise their one-year target for the S&P 500 from 6,200 to a new record high of 6,50...

The world of traditional finance is increasingly turning its gaze towards digital assets, and recent reports highlight a significant move by a major player. Goldman Sachs , a name synonymous with global investment banking, has reportedly made a substantial increase in its holdings of BlackRock’s iSh...

Goldman Sachs is now largest holder of BlackRock's Bitcoin ETF

Goldman Sachs, a leading global investment bank, has increased its stake in Bitcoin by 28%. This move signals growing institutional confidence in the digital asset and its potential for long-term value. Growing Institutional Adoption Goldman Sachs’s decision to expand its Bitcoin holdings aligns wit...

OCC now allows banks to buy and sell crypto assets on behalf of their customers. U.S. banks can outsource crypto custody services, ensuring third-party compliance. OCC’s policy shift signals growing acceptance of cryptocurrency within the banking sector. The U.S. Office of the Comptroller of the Cur...

Texas Bitcoin reserve bill advances, final vote expected before June 2 legislative deadline. Bill expands beyond Bitcoin to include digital assets after Trump’s executive order. Other states like Utah and Arizona also explore Bitcoin reserves amid inflation concerns. A select committee within the Te...

DOJ says Mashinsky caused nearly $7 billion in losses through fraud. He allegedly misled customers and profited from CEL token sales. Prosecutors demand a harsh sentence to deter future crypto misconduct. Federal prosecutors have asked a U.S. court to sentence Alex Mashinsky, the founder of Celsius ...

Arizona House approves Senate Bills 1025 and 1373 to establish a Bitcoin reserve and digital asset fund. Governor Katie Hobbs’ ongoing veto campaign threatens the future of Arizona’s Bitcoin reserve proposals. Bitcoin reserve supporters argue the move could help diversify state assets and hedge agai...

Fed rescinds 2022 and 2023 guidance on crypto and dollar token activities for state banks. Banks no longer need special approval to engage in digital asset services. Saylor says the move frees banks to support Bitcoin-related services. Banks in the United States are now free to support Bitcoin, acco...

Are you watching the markets? If so, you’ve likely noticed the ongoing discussion around the strength, or lack thereof, of the U.S. dollar. Recently, a significant voice entered the conversation with a clear stance: Goldman Sachs. The influential investment bank has issued a notable US dollar foreca...