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THE first BANK THAT OPENS AT BITCOIN, ETHEREUM TOWARDS THE MAXIMUM OF TWO MONTHS AND THE BITCOIN THAT CAN NOT RECOVER THE $10.000: here...

THE first BANK THAT OPENS AT BITCOIN, ETHEREUM TOWARDS THE MAXIMUM OF
TWO MONTHS AND THE BITCOIN THAT CAN NOT RECOVER THE $10.000: here all
the NEWS OF THE WEEK.

GOLDMAN SACHS & BITCOIN TRADING
Goldman Sachs has decided to challenge the risks and inaugurate what appears to be the first
Bitcoin trading operation carried out by a Wall Street bank.
Goldman Sachs will launch a trading desk on Bitcoins. New York Times reported that the company
is preparing to use its funds to sponsor a variety of investment contracts linked to the price of
Bitcoin.
Although it will not buy or sell real Bitcoins initially, the bank is trying to move in this direction if it
will be able to obtain regulatory approval and understand how to deal with the additional risks
associated with holding virtual currency.
The bank has confirmed that will offer its customers a type of contract called ‘non-transferable
forward’ that will be linked to Bitcoin.

BITCOIN WEAKNESS
In the first sessions of May, the price of Bitcoin has returned below the threshold of $9.000 after a
thrilling April. The price initially tried to bring back the coveted $10.000 threshold and then go back
to traveling under the banner of weakness.
No such specific cause has been attributed to this downturn, but it seemed to be only a resurrected
sales interest close to $10.000.
Yet the last performance of the listing was totally opposed to those recorded last month.
In fact, April was the month by which the cryptocurrency was able to recover some of the losses
made at the beginning of the year.
Many traders, however, looked with apprehension at the moves of the "Tokyo whale," namely
Nobuaki Kobayashi, bankruptcy administrator of Mt. Gox, the Japanese exchange that imposed
the sale of immense quantities of BTC, causing the weakness of the listing. According to what
emerged in the last days, after the $400 million sold until February 2018, the so-called Tokyo whale
would have dumped another $170 million.
The recent statements by Warren Buffett did not even help. During the weekend the oracle of
Omaha has defined the cryptocurrency as "rat poison". For the experts, however, these words will
not affect so clearly the next trends of the price of Bitcoin.

ETHEREUM AFTER $700
The second cryptocurrency for notoriety and capitalization continues its upward movement started
on the 7 th of April and in the week allowed Eth / Usd listing to leave behind the obstinate static and
psychological resistance at 700 dollars.
At the same time, the recent surge in Eth / Usd has made it possible to violate the short-to-
medium-term trendline out of the top on the 18 th of February. In fact, these evidences corroborate
the reversal of the bearish trend that weighs on the scenario of Ethereum since mid-January.

EUROPE VS CRYPTOCURRENCIES ANONYMITY
Europe has amended the V anti-money laundering directive to combat the anonymity of virtual
currencies.
"Providers of exchange services between virtual currencies and legal currencies" and "digital
portfolio service providers for virtual currencies" will have to apply due diligence and verification
checks to their customers, as required by banks, to end to the anonymity regime associated with
virtual currencies. These platforms and these service providers must be registered in a special
public register.

 

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