Merrill Lynch bans its advisors from trading bitcoin ...

Anyone have any idea how to get access to the BofA Merrill Lynch report on bitcoin?

There's some good stuff in there. See here for a description. The last time they reported on it a PDF version was made available. Anyone have a link to this one?
submitted by monero_throwaway to BitcoinMarkets [link] [comments]

Anyone have any idea how to get access to the BofA Merrill Lynch report on bitcoin? /r/BitcoinMarkets

Anyone have any idea how to get access to the BofA Merrill Lynch report on bitcoin? /BitcoinMarkets submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Blockchain confirmation time a liability?

http://cryptome.org/2013/12/boa-bitcoin.pdf
I found a paragraph on the Merrill Lynch report on bitcoin that I could not understand. Page 6, 2nd paragraph.
"A 50 minute wait before payment receipt confirmation is received will prohibit wider use. Fifty minutes is the time needed for enough additional blocks to be added to the chain to protect against double spending. This is less of an issue for two parties that know each other because they trust the other will not double spend, but when dealing with an anonymous counterparty this creates a high level of unhedgeable risk. As a result, in the absence of a central counterparty verifying transaction/clearing Bitcoin is likely to remain illiquid, and will prevent it from becoming a significant international currency."
How is this an unhedgeable risk?
submitted by Bharatagarwal to Bitcoin [link] [comments]

Bitcoin Wallet Blockchain.info: Will Follow the Most Difficult Blockchain - Merrill Lynch Report: Bitcoin's Value 'Impossible to Assess' - Dutch Bank Complains About the Electricity Used on Bitcoin - Gold Miner Backs Blockchain Company and Starts Mining Bitcoin

submitted by cryptocompare to cryptocompare [link] [comments]

Bitcoin Market Weekly Report - Week of 06/07/2020

Bitcoin Market Weekly Report - Week of 06/07/2020

Coinviva BTC-USD Daily Chart
The volatility of Bitcoin movement remained low for the second week. Since the beginning of July, the Bitcoin price ranged between $8,918 and $9,298. The trend remained slightly bearish as the price failed to break above $10,000 last month, and the bars were hovering around the lower Keltner band. The current support is at $9,000.
If the volatility starts to pick up this week and breaks below the support, a short signal is confirmed amid the current bearish trend. The next support level is at $8,500.
Review of the week:
CoinGecko, the cryptocurrency analytics firm, in its recent quarterly report for Q2 2020, charted the price change for before and after the 2016 and the 2020 halvings. In July 2016, Bitcoin was trading between $400 – $950. While in the 50 days prior, it rose by 11 percent, in the 50 days after the halving, the price dropped by 9 percent. Coming back to 2020, in the 50 days prior to the halving, the price rose by 50 percent, and in the 50 days after, by 5 percent. Given the late halving surplus in 2016, the prevailing economic conditions of 2020, and the massive increase in the market capitalization of Bitcoin in the ensuing four years, it concluded that the present price is “more bullish” than expected: “Despite having a market capitalization 15 times larger in 2020 than in 2016, Bitcoin showed a more bullish price movement during the 3rd Halving event.”

https://preview.redd.it/pd26ci5en6951.png?width=912&format=png&auto=webp&s=0feabe20422b0aa13e8b8c6e80991ed63ddc5157
Disclaimer: The above market commentary is based on technical analysis using historical pricing data, and is for reference only. It does not serve as investment or trading advice.
About Coinviva:
Coinviva aims to create the best crypto financial services ecosystem for both institutional and individual investors. We provide reliable fiat funding options, excellent trading liquidity, bank security level custody and one-stop high liquidity provision on-site & off-site. Our founding management team all come from top tiered investment banking (e.g. JP Morgan, Morgan Stanley, Bank of America Merrill Lynch), with fully comprehensive financial institution operation experience.
Homepage: https://coinviva.com/
Telegram: https://t.me/coinviva
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Bitcoin Market Weekly Report - Week of 15/06/2020

Bitcoin Market Weekly Report - Week of 15/06/2020

Coinviva BTC/USD Hourly Chart
The Bitcoin price moved within an upward channel last week but struggled to break above the barrier at $9,900. It formed a lower high at $9,835 on June 9th, which indicated a reversal of the existing upward trend.
The BTC market opened with a 3% drop at $9,447, which confirmed that the trend is reversed. It is consistent with the reversal of the US stock market last week. The BTC price will likely test the support at $9,000 and then make a bounce before testing the next support at $8,800.
Disclaimer: The above market commentary is based on technical analysis using historical pricing data, and is for reference only. It does not serve as investment or trading advice.

Review of the week:
JPMorgan Chase, one of America’s biggest banks, praises Bitcoin's resilience in a Bloomberg report in terms of liquidity when compared to traditional assets such as U.S. stocks during the all-out collapse, while its strategists highlights the ‘longevity’ of the novel asset class after Bitcoin managed to recover from the cataclysmic crash that sent shockwaves around the cryptocurrency back in March. Back in May, JPMorgan welcomed Coinbase and Gemini as their first cryptocurrency clients. Yet JPMorgan insists that Bitcoin is still used as a speculative investment vehicle, not as a store of value.
Former Chairman of the US Commodities and Futures Trading Commission Chris Giancarlo, who attended a Congress hearing about Financial Services on June 12th, emphasizing the importance of moving with purpose to develop a Fed-backed central bank digital currency (CBDC) to compete with similar assets being rolled out in China. Giancarlo also said any “digital dollar” should function exactly the same as physical cash, with all the privacy and portability that entails. He stressed that these features are an essential part of what makes the US dollar the world’s standard reserve currency, and that if legislators fail to act the country could lose much of its international clout, including the ability to effectively sanction targeted countries like North Korea or Iran.
About Coinviva:
Coinviva aims to create the best crypto financial services ecosystem for both institutional and individual investors. We provide reliable fiat funding options, excellent trading liquidity, bank security level custody and one-stop high liquidity provision on-site & off-site. Our founding management team all come from top tiered investment banking (e.g. JP Morgan, Morgan Stanley, Bank of America Merrill Lynch), with fully comprehensive financial institution operation experience.
Homepage: https://coinviva.com/
Telegram: https://t.me/coinviva
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Bitcoin Market Weekly Report - Week of 08/06/2020

Bitcoin Market Weekly Report - Week of 08/06/2020

https://preview.redd.it/tj3ok1kpil351.png?width=698&format=png&auto=webp&s=a0cf148f5ce51959374061c4bfa13baf6e1e491f
Review of the week:
Last week, a presentation from the wealth management division of Goldman Sachs noted that cryptocurrencies including Bitcoin are not an asset class. During a discussion about Bitcoin, gold, and inflation, the Goldman Sachs wealth management division said Bitcoin is not a “suitable investment for our clients.” But the ostensibly pessimistic stance of Goldman Sachs towards Bitcoin does not entirely reflect the bank’s perception of cryptocurrencies. According to Ethan Vera, former investment banker at Goldman Sachs and current executive at a crypto mining firm, the perception of Bitcoin by one division does not necessarily mirrors the bank’s viewpoint. He mentioned that the principal strategic investments group is “completely separate” from the wealth management division that gave the presentation and added: “I really do think Goldman is further ahead than most of the other Banks on Bitcoin.”
A latest report from Bloomberg reveals that all signs point to Bitcoin going on the major bull run in 2020, the only question is whether it will break the all-time high of $20,000. COVID-19 has accelerated Bitcoin’s maturation as an asset, showing its strength amid declining equities. In addition, it points to the ever-increasing appetite from institutional investors, and Grayscale, or GBTC, in particular, which has been consuming about 25% of the new supply and a surged raise from $ 2billion to $3.5 billion on June 3. Also, Grayscale’s director of investor relations, Ray Sharif-Askary, revealed that $110 million worth of ETH has been purchased by the firm during 2020 so far in Grayscale Ethereum Trust. He attributed Grayscale’s enormous crypto accumulation to institutions seeking a hedge fledge against inflation in response to U.S. monetary policy amid the COVID-19 crisis.
Disclaimer: The above market commentary is based on technical analysis using historical pricing data, and is for reference only. It does not serve as investment or trading advice.

About Coinviva:
Coinviva aims to create the best crypto financial services ecosystem for both institutional and individual investors. We provide reliable fiat funding options, excellent trading liquidity, bank security level custody and one-stop high liquidity provision on-site & off-site. Our founding management team all come from top tiered investment banking (e.g. JP Morgan, Morgan Stanley, Bank of America Merrill Lynch), with fully comprehensive financial institution operation experience.
Homepage: https://coinviva.com/
Telegram: https://t.me/coinviva
submitted by Coinviva to u/Coinviva [link] [comments]

Market Weekly Report - Week of 25/05/2020

Market Weekly Report - Week of 25/05/2020

Coinviva BTC-USD Hourly Chart
The Bitcoin price was unable to break the $10,000 barrier last week and continued to show signs of a reversal after forming a lower high near $9,300. The BTC price is settling at around $9,200 at the moment.
The current support of the BTC price is at $8,900. If the price drops below $8,900, it will likely test the next support at $8,500 and then bounce back to the $9,000 level. The market will likely go sideways unless the volatility increases after testing the support level. If the volatility continues to increase, the price may experience further drop to $8,000.

Review of the week:

Anthony Pompliano, the co-founder of Morgan Creek Digital, pointed out that the driving forces behind real estate and gold (Interest rates dropping, the excess printing of the US dollar, and additionally the recent halving) at the moment would end up being the major drivers and catalysts of Bitcoin, as in when it takes charge.
Aleks Svetski, CEO and co-founder of Bitcoin investment platform Amber, said Bitcoin needs time to solidify its position as an effective investment option in the eyes of the public. This is not a technological revolution, he adds, but a currency revolution that traditionally takes centuries to manifest, whereas in the digital age Bitcoin may take decades to achieve.
Messari's latest report shows the potential of Bitcoin in the market as it is the first time an asset has been created on a computer-based sovereign network. The concept of sovereignty underpins many important properties of Bitcoin. This asset is the only absolutely scarce currency asset in the world, and this particular feature is ensured by a global network of diverse players running all the Bitcoin nodes. Unlike other legal-currency systems today, it is unlikely that any geopolitical tensions surrounding larger economies will limit the value transfer of Bitcoin. Bitcoin is not portable compared to other value-storing assets, such as gold and silver. Unlike gold and silver and other monetary metals, Bitcoin can be sent around the world in a matter of hours, and can be stored safely by individuals with a mnemonic. While it's hard to foresee the coming price volatility of Bitcoin, it's hard to deny the currency's strong fundamentals and resilience in the face of the current economic crisis.
Disclaimer: The above market commentary is based on technical analysis using historical pricing data, and is for reference only. It does not serve as investment or trading advice.

About Coinviva:

Coinviva aims to create the best crypto financial services ecosystem for both institutional and individual investors. We provide reliable fiat funding options, excellent trading liquidity, bank security level custody and one-stop high liquidity provision on-site & off-site. Our founding management team all come from top tiered investment banking (e.g. JP Morgan, Morgan Stanley, Bank of America Merrill Lynch), with fully comprehensive financial institution operation experience.
Homepage: https://coinviva.com/
Telegram: https://t.me/coinviva
submitted by Coinviva to u/Coinviva [link] [comments]

Market Weekly Report - Week of 20/04/2020

Market Weekly Report - Week of 20/04/2020
P95G Market Weekly Report

BTC/USD hourly chart
The Bitcoin price continued to go sideway during most of the week, as volatility has decreased. The price dropped to $6,500 at one point, and was able to recover and reached $7,200 toward the end of the week. It will retest the $7,400 resistance level again soon, with the current support at $7,000.
The BTC price at $7,400 is a key level. If the price breaks above $7,400, it will likely reach $7,650 and test $8,000. However, if the price retraced without breaking through $7,400, it could fall below $7,000 and start a new downward trend.
Reviews of the week:
According to CoinMetrics, USDC’s market capitalization, which equals the amount in circulation since it trades at par for dollars, has jumped 65 percent, from $444 million on March 1 to $734 million at press time. Jeremy Allaire, the Circle CEO and co-founder, explains that as the global coronavirus crisis is accelerating mainstream adoption of blockchain technology, the startup’s new business model has received an unexpected boost, and this time much of the demand is for payments in normal business transactions, not just to move money quickly between cryptocurrency exchanges. As a stablecoin, USDC is designed to hold its value against the dollar, and backed by real-world dollars held in a bank, for which it can be redeemed on demand. Referring to the stablecoin Circle issues in partnership with Coinbase, he said the past several weeks’ explosive interest and growth in USDC have been witnessed: “there is clearly very significant global demand for digital dollars and the use of digital dollars as a new payment medium.”
DCEP (Digital Currency Electronic Payment, DC/EP), which is the name of China’s official central bank digital currency (CBDC), has surfaced with its first mobile wallets being tested at Agricultural Bank of China (ABC). DCEP is reported already in the advanced testing phase in four Tier 1 and Tier 2 cities: Shenzhen, Xiong’an, Chengdu and Suzhou and it is positioning as replacement of M0 and using a two-tier operation delivery system. It shows that it will have the possibility to send and receive offline payments and it is not using a typical blockchain but more of a distributed ledger technology (DLT) style protocol. China is making giant strides in advancing with blockchain technology since China’s president Xi Jinping announced blockchain as one of the country’s technological priorities and advocated to “seize the opportunity” last year.
Disclaimer: The above market commentary is based on technical analysis using historical pricing data, and is for reference only. It does not serve as investment or trading advice.
About Coinviva:
Coinviva aims to create the best crypto financial services ecosystem for both institutional and individual investors. We provide reliable fiat funding options, excellent trading liquidity, bank security level custody and one-stop high liquidity provision on-site & off-site. Our founding management team all come from top tiered investment banking (e.g. JP Morgan, Morgan Stanley, Bank of America Merrill Lynch), with fully comprehensive financial institution operation experience.
Homepage: https://coinviva.com/
Telegram: https://t.me/coinviva

submitted by Coinviva to u/Coinviva [link] [comments]

Market Weekly Report - Week of 11/05/2020

Market Weekly Report - Week of 11/05/2020
BTC-USD Hourly Chart
The Bitcoin had a strong rally recently due to the bitcoin halving event. The price went past $9,000 to reach as high as $10,045. It formed a double top at around $10,000 and showed signs of losing momentum, as indicated by the first arrow in the momentum chart. The price dipped to $9,464 and made a lower high at $9,787 before breaking the previously low and dipped further to $8,101.
Based on the most recent trading activities, a lot of people had taken profit between $9,700 and $10,000. When the traders saw a lower high at $9,787, they started establishing short positions in anticipation of a drop. If there is no positive news coming ahead, the BTC price may fall back to $7,760 where there was a breakout in end of April. Consider waiting for a sideway channel to form and then determine the direction of the trade once a breakout happens.
Review of the week:
Lennard Neo, head of research at Stack AM Pte., which provides cryptocurrency trackers and index funds, shared his view before the cryptocurrency’s upcoming halving, when the rewards miners receive for processing transactions will be cut in half as soon as next week, an intentional feature of Bitcoin designed to control inflation: “With the Bitcoin halving fast approaching, we believe a short-term pullback is highly likely immediately post-halving, as traders begin taking profits. In the longer-term, we can expect Bitcoin to register significant price appreciation toward the end of 2020 and early 2021.”
Paul Tudor Jones, the founder and chief investment officer of Tudor Investment Corp, one of Wall Street’s most-successful and seasoned hedge fund managers, says he sees the crypto asset as a hedge against upcoming inflation as central banks around the globe print money to relieve coronavirus-battered economies. Bloomberg News reported that Jones revealed in a message that one of his funds holds a low single-digit percentage in futures on the cryptocurrency and compared it to the gold trade back in the 1970s.
Disclaimer: The above market commentary is based on technical analysis using historical pricing data, and is for reference only. It does not serve as investment or trading advice.

About Coinviva:
Coinviva aims to create the best crypto financial services ecosystem for both institutional and individual investors. We provide reliable fiat funding options, excellent trading liquidity, bank security level custody and one-stop high liquidity provision on-site & off-site. Our founding management team all come from top tiered investment banking (e.g. JP Morgan, Morgan Stanley, Bank of America Merrill Lynch), with fully comprehensive financial institution operation experience.
Homepage: https://coinviva.com/
Telegram: https://t.me/coinviva
submitted by Coinviva to u/Coinviva [link] [comments]

Market Weekly Report - Week of 13/04/2020

Market Weekly Report - Week of 13/04/2020

P95G Makrket Weekly Report
BTC-USD Hourly Chart
The Bitcoin price broke out of the upper Keltner channel on Apr 6th and reached $7,455. There was a resistance near $7,400 as the buyers failed to push the price higher. It went sideways for a few days and then fell below $7,200 (previous resistance) to reach $6,794. The price is settling near $6,800 which is slightly higher than the previous low on Apr 3-5.
The hourly chart shows that the upward momentum has slowed. The direction is unclear at the moment, as the price has been hovering within the Keltner channel. This sideway movement may continue through Tuesday. It would take a lot of buying power to break the $7,400 barrier within next week.
Review of the week:
BCH’s halving that took place on 8 April resulted in a significant price drop, along with a flock of miners moving away due to the losses incurred by mining BCH. However, from 9 April onwards, there has been a slight fluctuation in the price. Halving usually results in a rise in the coin’s price, but this has been proved wrong in Bitcoin Cash‘s case. Also there is a voice saying that miners will want to load up on as many Bitcoins as possible before the block reward drops, as the Bitcoin’s halving is expected to happen next month.
In a recent interview, Michael Novogratz, a former Goldman Sachs partner, as well as Founder, Chairman, and CEO of crypto-focused merchant bank Galaxy Digital, said that all of these massive economic stimulus packages that we are currently seeing should benefit hard assets such as gold and Bitcoin. He says that the huge amount of money printing being done at the moment, mostly in order to fight the economic harms of COVID-19, is going to devalue fiat currencies, and that he expected Bitcoin to double in value within the next six months.
Disclaimer: The above market commentary is based on technical analysis using historical pricing data, and is for reference only. It does not serve as investment or trading advice.
About Coinviva:
Coinviva aims to create the best crypto financial services ecosystem for both institutional and individual investors. We provide reliable fiat funding options, excellent trading liquidity, bank security level custody and one-stop high liquidity provision on-site & off-site. Our founding management team all come from top tiered investment banking (e.g. JP Morgan, Morgan Stanley, Bank of America Merrill Lynch), with fully comprehensive financial institution operation experience.
Homepage: https://coinviva.com/
Telegram: https://t.me/coinviva
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Today in History 02/08





submitted by Pickup_your_nuts to ConservativeKiwi [link] [comments]

Early Look at the Market – Tues 6.6.17 -**PLEASE DO NOT FORWARD THIS DOCUMENT**

J.P. Morgan Early Look at the Market – Tues 6.6.17

find the other bits on /the_street, a /wallstreetbets subsidiary.
PLEASE DO NOT FORWARD THIS DOCUMENT

Morning Levels

Trading Update

Top Headlines for Tuesday

Company-specific news update for Mon night.

Calendar of events to watch for the week of Mon June 5

US – economic growth, monetary policy

Europe

Tech Events – calendar of events coming up over the next few weeks

Full catalyst list

  • Thurs June 8 – China May imports/exports (Wed night/Thurs morning)
  • Thurs June 8 – German industrial production for Apr. 2amET.
  • Thurs June 8 – ECB meeting (7:45amET statement, 8:30amET press conf.).
  • Thurs June 8 – analyst meetings: AZPN, SYMC
  • Thurs June 8 – earnings before the open: Dell, SJM
  • Thurs June 8 – earnings after the close: CLDR, Hudson’s Bay, PAY
  • Thurs June 8 - Jefferies Global Healthcare Conference. June 6-9. NYC.
  • Thurs June 8 - REITWeek: NAREIT Investor Forum. June 6-8. NYC.
  • Fri June 9 – China May CPI/PPI (Thurs night/Fri morning)
  • Fri June 9 – German imports/exports for Apr. 2amET.
  • Fri June 9 – US wholesale inventories/trade sales for Apr. 10amET.
  • Fri June 9 - Jefferies Global Healthcare Conference. June 6-9. NYC.
  • Mon June 12 – earnings after the close: SAIC
  • Tues June 13 – Eurozone ZEW survey expectations for June. 5amET.
  • Tues June 13 – German ZEW survey results for June. 5amET.
  • Tues June 13 – US PPI for May. 8:30amET.
  • Tues June 13 – Morgan Stanley Financials Conf. June 13-14.
  • Tues June 13 – analyst meetings: PSTG
  • Tues June 13 – earnings after the close: HRB
  • Tues June 13 – Citigroup Industrials Conf. June 13-14. Boston.
  • Tues June 13 - Morgan Stanley Financials Conf. June 13-14.
  • Wed June 14 – China May retail sales, FAI, and IP (Tues night/Wed morning)
  • Wed June 14 – Eurozone industrial production for Apr and Q1 employment data. 5amET.
  • Wed June 14 – US CPI and retail sales for May. 8:30amET.
  • Wed June 14 – US business inventories for Apr. 10amET.
  • Wed June 14 – Fed decision (2pmET statement; 2:30pmET press conf.).
  • Wed June 14 – analyst meetings: Deutsche Boerse, MAT
  • Wed June 14 – earnings after the close: JBL
  • Wed June 14 - Citigroup Industrials Conf. June 13-14. Boston.
  • Wed June 14 - Morgan Stanley Financials Conf. June 13-14.
  • Thurs June 15 – Eurozone trade balance for Apr. 5amET.
  • Thurs June 15 – US Empire Manufacturing for June. 8:30amET.
  • Thurs June 15 – US import price index for May.
  • Thurs June 15 – US industrial production for May. 9:15amET.
  • Thurs June 15 – NAHB housing market index for June. 10amET.
  • Thurs June 15 – earnings before the open: KR
  • Thurs June 15 – earnings after the close: FNSR
  • Fri June 16 – Eurozone May new auto registrations. 2amET.
  • Fri June 16 – Eurozone labor costs for Q1 and CPI for May. 5amET.
  • Fri June 16 – BOJ rate decision (Thurs night/Fri morning)
  • Fri June 16 – US housing starts/building permits for May. 8:30amET.
  • Fri June 16 – US Michigan Confidence for June. 10amET.
  • Fri June 16 – analyst meetings: GLW
  • Mon June 19 – China May property prices (Sun night/Mon morning)
  • Mon June 19 – Eurozone construction output for Apr. 5amET.
  • Tues June 20 – Fed speakers: Kaplan
  • Tues June 20 – analyst meetings: ADI, EXLS, GE (at Paris Airshow)
  • Tues June 20 – earnings after the close: ADBE, FDX
  • Wed June 21 – US existing home sales for May. 10amET.
  • Wed June 21 – earnings before the open: KMX
  • Wed June 21 – earnings after the close: ORCL
  • Thurs June 22 – ECB publishes economic bulletin. 4amET.
  • Thurs June 22 – Eurozone consumer confidence for June. 10amET.
  • Thurs June 22 – US FHFA home prices for Apr. 9amET.
  • Thurs June 22 – analyst meetings: V
  • Fri June 23 – Eurozone flash PMIs for June. 4amET.
  • Fri June 23 – US flash PMIs for June. 9:45amET.
  • Fri June 23 – US new home sales for May. 10amET.
  • Fri June 23 – Fed speakers: Mester
  • Tues June 27 – China May industrial profits (Mon night/Tues morning)
  • Wed June 28 – earnings before the open: MON
submitted by SIThereAndThere to wallstreetbets [link] [comments]

A Look at DCG & Bitfury's Incestuous Ties With the U.S. Government

Peter Todd Tweet in 2014: https://archive.is/vKZ9C
[email protected] I gotta say, looks really bad legally how Austin Hill's been negotiating deals w/ pools/etc. to get control of hashing power.
Board of Digital Currency Group
Glenn Hutchins
Advisory Board
Larry Summers
DCG of course is an investor in both Blockstream and BTCC.
DCG's money comes from:
DCG also owns Coindesk.
BTCC and Bitfury are the only two large mining pools who are outspoken in their support of Bitcoin Core.
The Bitfury Group Leadership to Present at Clinton Global Initiative (https://archive.is/MWKee)
Full Video (Begins at 32:00)
“The Bitfury Group is proud to be the world’s leading full service Blockchain technology company, we are deeply honored to represent this innovation to an audience of extremely dedicated game-changers, and we look forward to highlighting our company’s groundbreaking ‘Blockchain for global good’ work at such an important event, said Smith. “From the White House to the Blockchain, I know this technology has the power to deliver inclusion and opportunity to millions, if not billions, of people around the world and I am so grateful to work for a company focused on such a principled vision.”
Bitfury Lightning Implementation
  • In partnership with a French firm called ACINQ (http://acinq.co)
  • ACINQ is a subsidiary of the larger ACINQ Financial Services
  • CoinTelegraph: Bitfury Lightning Network Successfully Tested With French Bitcoin Company
  • TEAM: https://archive.is/Q5CNU
  • ACINQ’s US Headquarters is in Vienna, Virginia, a small town of only 16,000. Why would a global financial firm choose to locate here? -- Feeder community into Washington, D.C. Has an orange line metro stop. -- Located in Fairfax County, VA. -- The US Federal Government is the #2 largest employer -- Booz Allen Hamilton (NSA front company) is #6 largest employer -- In fact, most of the top employers in Fairfax County are either US Federal Gov’t or companies that provide services to Federal Government -- The county is home to the headquarters of intelligence agencies such as the Central Intelligence Agency, National Geospatial-Intelligence Agency, and National Reconnaissance Office, as well as the National Counterterrorism Center and Office of the Director of National Intelligence.
Chairman: Avinash Vashistha
CEO: Chaman Baid
CSO: Nandan Setlur
  • https://www.linkedin.com/in/nandansetlur https://archive.is/wp3L0
  • From 1986-1993 he worked for Information Management Consultants (imc) Ltd as a Technical Consultant with various federal government agencies. McLean, Virginia
  • 1993-2000 Technical Consultant for Freddie Mac, in McLean Virginia
  • From 2000-2007, President of InterPro Global in Maryland
  • From 2011-2012, Director of VibbleTV in Columbia, Maryland
  • From 2008-Present has been Executive Director at ACINQ and Managing Partner at Vine Management, both in Vienna, Virginia.
BitFury Enhances Its Advisory Board by Adding Former CFTC Chairman Dr. James Newsome and Renowned Global Thought Leader and President of the Institute for Liberty and Democracy Hernando de Soto (Businesswire)
Bitfury Board of Directors
Robert R Dykes
The other board members include two Bitfury founders, and an investor.
Bitfury Advisory Board
James Newsome
  • Ex-chairman of CFTC
  • Dr. Newsome was nominated by President Clinton and confirmed by the Senate to be at first a Commissioner and later a Chairman of CFTC. As Chairman, Newsome guided the regulation of the nation’s futures markets. Additionally, Newsome led the CFTC’s regulatory implementation of the Commodity Futures Modernization Act of 2000 (CFMA). He also served as one of four members of the President’s Working Group for Financial Markets, along with the Secretary of the Treasury and the Chairmen of the Federal Reserve and the SEC. In 2004, Newsome assumed the role of President and Chief Executive Officer of the New York Mercantile Exchange (NYMEX) where he managed daily operations of the largest physical derivatives exchange in the world. Dr. Newsome is presently a founding partner of Delta Strategy Group, a full-service government affairs firm based in Washington, DC.
Hernando de Soto
  • Hernando de Soto heads the Institute for Liberty and Democracy, named by The Economist one of the two most important think tanks in the world. In the last 30 years, he and his colleagues at the ILD have been involved in designing and implementing legal reform programs to empower the poor in Africa, Asia, Latin America, the Middle East, and former Soviet nations by granting them access to the same property and business rights that the majority of people in developed countries have through the institutions and tools needed to exercise those rights and freedoms. Mr. de Soto also co-chaired with former US Secretary of State Madeleine Albright the Commission on Legal Empowerment of the Poor, and currently serves as honorary co-chair on various boards and organizations, including the World Justice Project. He is the author of “The Other Path: the Economic Answer to Terrorism”, and his seminal work “The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else.”
  • Frequent attendee at Davos World Economic Forum
  • Frequent Speaker @ Clinton Global Initiative http://www.dailymotion.com/video/x2ytfrs https://archive.is/MWKee
  • Criticisms: -- In his 'Planet of Slums'[104] Mike Davis argues that de Soto, who Davis calls 'the global guru of neo-liberal populism', is essentially promoting what the statist left in South America and India has always promoted—individual land titling. Davis argues that titling is the incorporation into the formal economy of cities, which benefits more wealthy squatters but is disastrous for poorer squatters, and especially tenants who simply cannot afford incorporation into the fully commodified formal economy. -- An article by Madeleine Bunting for The Guardian (UK) claimed that de Soto's suggestions would in some circumstances cause more harm than benefit, and referred to The Mystery of Capital as "an elaborate smokescreen" used to obscure the issue of the power of the globalized elite. She cited de Soto's employment history as evidence of his bias in favor of the powerful. https://www.theguardian.com/business/2000/sep/11/imf.comment http://www.slate.com/articles/news_and_politics/hey_wait_a_minute/2005/01/the_de_soto_delusion.html
Tomicah Tilleman
  • https://en.wikipedia.org/wiki/Tomicah_Tillemann
  • Dr. Tomicah Tillemann is Director of the Bretton Woods II initiative. The initiative brings together a variety of long-term investors, with the goal of committing 1% of their assets to social impact investment and using investments as leverage to encourage global good governance. Tillemann served at the U.S. State Department in 2010 as the Senior Advisor on Civil Society and Emerging Democracies to Secretary Hillary Clinton and Secretary John Kerry. Tillemann came to the State Department as a speechwriter to Secretary Clinton in March 2009. Earlier, he worked for the Senate Foreign Relations Committee, where he was the principal policy advisor on Europe and Eurasia to Committee Chairmen, Senators Joe Biden and John Kerry. He also facilitated the work of the Senate's Subcommittee on European Affairs, then chaired by Senator Barack Obama. Tillemann received his B.A. magna cum laude from Yale University. He holds a Ph.D. with distinction from the School for Advanced International Studies at Johns Hopkins University (SAIS) where he also served as a graduate level instructor in American foreign policy. http://live.worldbank.org/node/8468 https://archive.is/raDHA
  • Secretary Clinton appointed Tomicah Tillemann, Ph.D. as the State Department’s Senior Advisor for Civil Society and Emerging Democracies in October 2010. He continues his service under Secretary Kerry.
  • Mr. Tillemann and his team operate like venture capitalists, identifying ideas that can strengthen new democracies and civil society, and then bring together the talent, technology and resources needed to translate promising concepts into successful diplomacy. He and his team have developed over 20 major initiatives on behalf of the President and Secretary of State.
  • Mr. Tillemann came to the State Department as a speechwriter to Secretary Clinton in March 2009 and collaborated with her on over 200 speeches. Earlier, he worked for the Senate Foreign Relations Committee, where he was the principal policy advisor on Europe and Eurasia to Committee Chairmen, Senators Joe Biden and John Kerry. He also facilitated the work of the Senate's Subcommittee on European Affairs, then chaired by Senator Barack Obama. Mr. Tillemann’s other professional experience includes work with the White House Office of Media Affairs and five U.S. Senate and Congressional campaigns. He was a reporter with Reuters New Media and hosted a commercial radio program in Denver, Colorado. http://m.state.gov/md160354.htm https://www.newamerica.org/our-people/tomicah-tillemann/ https://archive.is/u2yF0
  • Director of “Bretton Woods II” initiative at New America Foundation Bretton Woods was an international summit that led to the creation of the IMF and the IBRD, one of five members of The World Bank
Jamie Smith
Jason Weinstein
Paul Brody (no longer appears on site, and his LinkedIn has no mention of Bitfury, but he is mentioned in a Press Release
  • https://www.linkedin.com/in/pbrody
  • Ernst & Young since 2015 as “Americas Strategy Leader”, “Global Innovation Leader”, and “Solution Leader”
  • Prior to E&Y, he was an executive at IBM since 2002
New America Foundation
Muskoka Group
[note: this is worthy of much more research]
  • https://www.bloomberg.com/news/articles/2016-08-29/blockchain-s-backers-embark-on-campaign-to-improve-its-image
  • Don Tapscott, co-author of the book “Blockchain Revolution,” hosted the meeting with his son and co-author Alex Tapscott at his family’s summer compound in Lake of Bays, Ontario. The group included some of blockchain’s biggest backers, including people with ties to IBM and JPMorgan. They considered ways to improve the governance and oversight of the technology behind the digital currency bitcoin as a way to fuel the industry’s growth. They included Jim Zemlin, executive director of the Linux Foundation; Brian Behlendorf, executive director of the Hyperledger Project, a blockchain supporter group that includes International Business Machines Corp., Airbus Group SE and JPMorgan Chase & Co.; and Ana Lopes, board member of the World Wide Web Foundation. Participants with blockchain industry ties include former deputy White House press secretary Jamie Smith, now chief global communications officer of BitFury Group Ltd., and Joseph Lubin, founder of startup Consensus Systems.
Blockchain Delegation Attends Democratic National Convention https://archive.is/k16Nu
Attendees:
Jamie Smith — The Bitfury Group & Blockchain Trust Accelerator Tomicah Tillemann— New America Foundation & Blockchain Trust Accelerator Alex Tapscott— co-author: Blockchain Revolution Brian Forde — MIT, Digital Currency Initiative
Brian Forde
  • Was the founding director of the MIT Digital Currency Initiative -Left his 4 year post as White House Senior Advisor for Mobile and Data Innovation to go directly to the MIT DCI
  • Brian Forde has spent more than a decade at the nexus of technology, entrepreneurship, and public policy. He is currently the Director of Digital Currency at the MIT Media Lab where he leads efforts to mainstream digital currencies like Bitcoin through research, and incubation of high-impact applications of the emerging technology. Most recently he was the Senior Advisor for Mobile and Data Innovation at the White House where he spearheaded efforts to leverage emerging technologies to address the President’s most critical national priorities. Prior to his work at the White House, Brian founded one of the largest phone companies in Nicaragua after serving as a business and technology volunteer in the Peace Corps. In recognition of his work, Brian was named a Young Global Leader by the World Economic Forum and one of the ten most influential people in bitcoin and blockchain. https://www.linkedin.com/in/brianforde https://archive.is/WjEGU
Alex Tapscott
World Economic Forum
  • Strategic Partners: https://www.weforum.org/about/strategic-partners
  • Includes Accenture (See Avinash Vashistha), Allianz, Deloitte (Scaling Bitcoin platinum sponsor, Blockstream Partner), Citigroup, Bain & Company (parent of Bain Capital, DCG investor), Dalian Wanda Group (working on blockchain technology), Ernst & Young (see Paul Brody), HSBC (Li-Ka Shing, Blockstream investor, used to be Deputy Chairman of HSBC), IBM, KPMG International, Mastercard (DCG Investor), PwC (Blockstream partner, also sponsor of Scaling Bitcoin)
  • Future of Financial Services Report [PDF] The word “blockchain” is mentioned once in this document, on page 23 (http://i.imgur.com/1SxyneJ.png): We have identified three major challenge areas related to innovation in financial services that will require multi-stakeholder collaboration to be addressed effectively. We are launching a project stream related to each area, with the goal of enabling tangible impact.... Decentralised systems, such as the blockchain protocol, threaten to disintermediate almost every process in financial services
  • The Steering Group who authored the report is a who’s who of the global financial elite. (Pages 4 & 5) http://i.imgur.com/fmYc1bO.png http://i.imgur.com/331FaX6.png
Bitfury Washington DC Office
Washington DC Office 600 Pennsylvania Avenue Suite 300 Washington, D.C. 20003
http://bitfury.com/contacts https://archive.is/ugvII
Bitfury Chosen for Ernst & Young Blockchain Startup Challenge
Deloitte Unveils Plan to Build Blockchain-Based Digital Bank http://www.consultancy.uk/news/12237/deloitte-unveils-plan-to-build-blockchain-based-digital-bank https://archive.is/UJ8Q5
submitted by 5zh8FoCiZ to btc [link] [comments]

BTC Demand Has Fundamental Drivers

BTC Demand Has Fundamental Drivers

https://preview.redd.it/qtynjtge87131.jpg?width=1080&format=pjpg&auto=webp&s=f37adf26d64217ac72bb011d49c7ab5f8e409816
Bitcoin demand could be stemming from trade tension fears in both the U.S. and China.
Bitcoin’s 2019 surge has led to some pundits scaremongering again, telling the crypto community that it is entering another bull trap. Bitcoin demand does, however, have some fundamental drivers fueling it. Among those are American and Chinese trade tension refugees and institutional investors.
BoA: Recession Fears Fueling Crypto Speculation
A recent Bank of America report suggests that many Americans may be turning to bitcoin due to fears trade tensions between the U.S. and China may spill over into a full-blown trade war and a resultant recession. According to a Business Insider report, Bank of America Merrill Lynch Chief Investment Officer Michael Hartnett regards the surging bitcoin price as a symptom of Americans fearing a looming recession.
Hartnett does not consider the rising demand for bitcoin a definitive flight to a safe haven asset, but a speculative gamble in a highly volatile market. He views the growing demand for bitcoin as representing investors seeking higher returns in a low-interest rate environment, with the added bonus of being shielded from many of the risks of a potential recession in the U.S.
The bank has never been a champion of cryptocurrencies, having infamously banned customers from using credit cards to interact with crypto exchanges. Only last year, the behemoth, in a filing with the SEC, warned:
The widespread adoption of new technologies, including internet services, cryptocurrencies and payment systems, could require substantial expenditures to modify or adapt our existing products and services. Bank of America
Trade War Refugees From China
Other analysts see Sino-U.S. trade tensions as being behind a resurgent Chinese appetite for bitcoin. Chinese demand growth has historically been associated with bitcoin price surges, and DigitalX CEO Leigh Travers thinks the same effect is occurring again.
“Chinese and expatriate Chinese around the world are contributing to the recent rise in the price of Bitcoin. They are seeing Bitcoin as a hedge against the falling Yuan.”
China’s relationship with cryptocurrencies is almost as complex as the one between its government and citizens. Given the ban on crypto in the country, it is impossible to measure the level of Chinese buying. But the Chinese have become savvy entrepreneurs despite – and perhaps because of – the long and coercive arm of the CCP.
It is reasonable to suspect that the Chinese adoration for crypto has only intensified in the wake of a clampdown on formal capital flight from the country. That would only escalate in light of increasing trade tensions between the economic superpowers, which, if ignited, would harm China’s already slowing domestic economy.
The Demand Will Not Flow Over To Altcoins
Mike Novogratz recently warned altcoin hodlers not to expect demand for crypto to breach bitcoin and spread elsewhere. In a tweet today, the famed bitcoin bull suggested:
Grayscale’s Q1 2019 Investment Report would appear to support Novogratz’s assertion. The company revealed a 42 percent increase in capital inflows for the quarter. It also reported that 99 percent of those inflows were to its Grayscale Bitcoin Trust product.
Other analyses, however, have illustrated that in the immediate aftermath of a surge in the price of bitcoins, altcoins often perform well – at least, in the short-term.
With the world braced for a Sino-U.S. showdown, it appears institutional and mom-and-pop investor appetite for bitcoin has risen. Whether that renewed appetite indicates a risk-on mood or a defensive safe haven play remains to be seen.
There are sound arguments for both.
Either way, bitcoin’s use case as digital gold is proving irresistible in an interconnected global financial system increasingly susceptible to trade and other economic shocks.
submitted by iTradeBit to bitcoin_crypto [link] [comments]

Former Coinbase Exec Appointed Head of Sales and Marketing at Fidelity

Former Coinbase Exec Appointed Head of Sales and Marketing at Fidelity

Digital assets trading and custody platform Fidelity Digital Assets has named a former Coinbase executive the head of Sales and Marketing, according to a press release published on April 10.
Christine Sandler — who previously served as head of institutional sales at American major cryptocurrency exchange Coinbase — has joined Fidelity as its head of Sales and Marketing. In this role, Sandler will reportedly lead the expansion of Fidelity Digital Assets into new markets, as well as take responsibility for institutional customers service.
Sandler’s former experience also includes Head of Equity Electronic Sales for the Americas at Barclays Investment Bank, and Executive Vice President and Global Head of Sales for NYSE Euronext. She also served as Head of Electronic Sales at investing and wealth management firm Merrill Lynch and worked as a buy-side trader.
Fidelity Digital Assets went live in the beginning of March, with a select group of clients. The company said then that “we are live with a select group of eligible clients and will continue rolling out slowly.”
Fidelity Digital Assets head Tom Jessop said at the time that the company is still working on various parts of the platform. He noted that while some users have been on the platform since January, others may wait until September, as it “really depends on the facts and circumstances of each client.”
Earlier today, Cointelegraph reported that Mike Blandina, a former engineering executive at PayPal and Google, has joined Bitcoin (BTC) trading and custody platform Bakkt as its chief product officer. Blandina will now lead the firm’s efforts to converge a trusted ecosystem for digital assets with payments use cases in order to help Bakkt bring real applications to Bitcoin and other cryptocurrencies.
Trade Bitcoin and other cryptocurrencies with up to 100x leverage. Fast execution, low fees,available only on Bitseven

https://preview.redd.it/4jqffq2vpxr21.png?width=692&format=png&auto=webp&s=efe83e29bf770fc3058b901bd7b52fdf9b6df8f5
submitted by Bitcoin_Exchange7 to u/Bitcoin_Exchange7 [link] [comments]

The pot calling the kettle black

Bitcoin is a vehicle for fraudsters, warns Goldman Sachs boss
https://www.theguardian.com/business/2017/nov/30/bitcoin-is-a-vehicle-for-fraudsters-warns-goldman-sachs-boss
Her's a list of their illegal activites
https://www.corp-research.org/goldman-sachs
During the first half of the 2000s, there were more ethical lapses at Goldman:
In 2002 it was fined $1.65 million by the industry regulatory body NASD (now FINRA) for failing to preserve e-mail communications. In 2003 it paid $110 million as its share of a global settlement by ten firms with federal, state and industry regulators concerning alleged conflicts of interest between their research and investment banking activities. That same year, it had to pay $9.3 million in fines and disgorgement of profits in connection with federal allegations that it failed to properly oversee a former employee who had been charged with insider trading and perjury. In 2004 Goldman was one of four firms each fined $5 million by NASD for rule violations relating to trading in high-yield corporate bonds; Goldman also had to make restitution payments of about $344,000. In 2005 the U.S. Securities and Exchange Commission (SEC) announced that Goldman would pay a civil penalty of $40 million to resolve allegations that it violated rules relating to the allocation of stock to institutional customers in initial public offerings. That same year, it paid a fine of $125,000 to NASD for violating rules relating to the sale of restricted securities during initial public offerings. Shortly thereafter, it was fined $140,000 by NASD for late and/or inaccurate reporting of municipal securities transactions. In 2006 Goldman was one of 15 financial services companies that were fined a total of $13 million in connection with SEC charges that they violated rules relating to auction-rate securities. In another case relating to auction-rate securities brought by the New York State Attorney General, Goldman was fined $22.5 million in 2008. When the financial crisis erupted in 2008, Goldman and Morgan Stanley gave in to pressure from federal regulators to convert themselves into bank holding companies. Becoming subject to the oversight of the Federal Reserve was a dramatic move for the two firms, but it was not as radical as the changes that befell their competitors: the purchase of Merrill Lynch and Bear Stearns by commercial banks (Bank of America and JPMorgan Chase, respectively) and the dismantling of Lehman Brothers. Goldman also propped itself up by negotiating a deal in which Warren Buffett’s Berkshire Hathaway invested $5 billion in the firm in exchange for a 10 percent stake. Buffett’s holding took the form of preferred stock paying a generous 10 percent dividend. Goldman also received $10 billion from the federal government’s Troubled Assets Relief Program (TARP). During this period, Goldman profited from subprime mortgages through its ownership of Litton Loan Servicing, which it sold in 2011 in the wake of numerous abuse allegations.
The forced restructuring of Wall Street took place largely under the direction of Treasury Secretary Hank Paulson, who left Goldman in 2006 to take the post at the request of President George W. Bush. Although Paulson was required to liquidate his sizeable Goldman holdings before moving to Treasury, his actions during the 2008 crisis were widely criticized as working to the benefit of his former firm. Chief among these was the allegation that he allowed Lehman Brothers to collapse while taking pains to bail out insurance giant A.I.G., which had extensive dealings with Goldman and which used its federal support to pay off its obligations at 100 cents on the dollar. In the case of Goldman, this amounted to $12.9 billion. The tendency of Paulson to recruit other Goldman alumni for his crisis team prompted the nickname “Government Sachs.” It later came out that Paulson was in frequent contact with Lloyd Blankfein, his successor at Goldman, during the height of the crisis.
During this difficult period, ProPublica and the Los Angeles Times put more pressure on Goldman by revealing that the firm had advised some of its big clients to place investment bets against California bonds right after collecting hefty fees from the state for underwriting some of those bonds.
Goldman, famed for its lavish bonuses, chafed at the limitations on executive compensation that were part of TARP and successfully pushed for permission to repay the federal loan, while it and other banks continued to enjoy essentially interest-free borrowing from the Federal Reserve.
In May 2009 Goldman agreed to provide about $50 million in relief to holders of subprime-mortgages in Massachusetts to remove itself from the state attorney general’s investigation of abuses relating to the origination and securitization of subprime loans.
Goldman, however, became a symbol of the excesses that led up to the financial meltdown. The Taibbi quote was the most colorful of many unflattering depictions of the firm.
Blankfein initially responded to the criticism by making the far-fetched claim that Goldman was doing “god’s work.” When that did not go over well, he issued an apology for the firm’s mistakes and vowed to spend $500 million to help thousands of small businesses recover from the recession. That did little to rectify the situation. In the 10-K filing it issued in March 2010, Goldman added to the usual risk factors “adverse publicity,” which it said could “adversely impact the morale and performance of our employees, which in turn could seriously harm our businesses and results of operations.”
The adverse publicity soon escalated. In April 2010 the SEC accused Goldman of having committed securities fraud when it sold mortgage-related securities to investors without telling them that the investment vehicle, called Abacus, had been designed in consultation with hedge fund manager John Paulson (no relation to Hank Paulson), who chose securities he expected to decline in value and had shorted the portfolio. The Goldman product did indeed fall in value, causing institutional customers to lose more than $1 billion and Paulson to make a bundle. Paulson was not charged, but the SEC did name Fabrice Tourre, the Goldman vice president who helped create and sell the securities. (A federal jury later found him guilty of deceiving investors.)
Goldman initially defended its actions and claimed that it lost money on Abacus, but a Senate subcommittee later released e-mail messages between Goldman executive discussing how they expected to make “serious money” by shorting the housing market. The uproar continued as evidence emerged that Goldman had devised not one but a series of complex deals to profit from the collapse of the home mortgage values. A group of Goldman officials, including Tourre, were hauled before that Senate subcommittee and questioned for ten hours. A couple of months later, Goldman executives were grilled by the Financial Crisis Inquiry Committee, whose chairman Phil Angelides suggested that the firm had helped drive down mortgage securities prices in order to benefit from its short position.
In July 2010 the SEC announced that Goldman would pay $550 million to settle the Abacus charges. That sum included a payment of $300 million to the U.S. Treasury and a distribution of $250 million to investors that had suffered losses in the deal. The settlement also required Goldman to “reform its business practices” but did not oblige the firm to admit to wrongdoing. The Abacus scandal also led to a £17.5 million fine imposed by Britain's Financial Services Authority and a federal investor lawsuit that is pending.
In January 2011 Goldman announced that an internal review of its policies in the wake of the SEC settlement had found that only limited changes were necessary. Others apparently saw matters differently:
In November 2010 FINRA fined Goldman $650,000 for failing to disclose that two of its registered representatives, including Fabrice Tourre, had been notified by the SEC that they were under investigation.
In March 2011 the SEC announced that it was bringing insider trading charges against former Goldman director Rajat Gupta. He was accused of providing illegal tips, including one about Warren Buffet’s $5 billion investment in Goldman in 2008, to hedge fund manager Raj Rajaratnam. (Gupta was later convicted and sentenced to two years in prison.)
In September 2011 the Federal Housing Finance Agency sued Goldman and 16 other financial institutions for violations of federal securities law in the sale of mortgaged-backed securities to Fannie Mae and Freddie Mac. In August 2014 the agency announced that Goldman would pay $3.15 billion to settle its role in the case (through bond repurchases). In March 2012 the Commodities Futures Trading Commission announced that Goldman would pay $7 million to settle charges that it failed to diligently supervise trading accounts in the period from May 2007 to December 2009. Later that year, the CFTC fined Goldman $1.5 million for failing to properly supervise a trader who fabricated large positions to try to cover up losses.
Also in March 2012 a Goldman executive director named Greg Smith published an op-ed in the New York Times announcing his departure from what he called a “toxic and destructive” environment at the firm, saying he could “no longer in good conscience identify with what it stands for.”
In April 2012 the SEC and FINRA fined Goldman $22 million for failing to prevent its employees from passing illegal stock tips to major customers.
In July 2012 a federal appeals court rejected an effort by Goldman to overturn a $20.5 million arbitrator’s award to investors in the failed hedge fund Bayou Group who had accused Goldman of helping to perpetuate a Ponzi scheme.
That same month, Goldman agreed to pay $26.6 million to settle a suit brought by the Public Employee’s Retirement System of Mississippi accusing it of defrauding investors in a 2006 offering of mortgage-backed securities.
In September 2012 the SEC charged Goldman and one of its former investment bankers with “pay-to-play” violations involving undisclosed campaign contributions to then-Massachusetts state treasurer Timothy Cahill while he was a candidate for governor. Goldman settled its charges by agreeing to pay $12.1 million in disgorgement and penalties.
Some good news for Goldman came in August 2012, when the Justice Department decided it would not proceed with a criminal investigation of the firm’s actions during the financial crisis and the SEC dropped an investigation of the firm’s role in a $1.3 billion subprime mortgage deal.
In January 2013 the Federal Reserve annnounced that Goldman and Morgan Stanley would together pay $557 million to settle allegations of foreclosure abuses by their loan servicing operations (Goldman's share was $330 million).
In March 2013 the Fed cited "weaknesses" in Goldman's capital plan and ordered it to submit a new proposal.
In December 2014 FINRA fined Goldman $5 million as part of a case against ten investment banks for allowing their stock analysts to solicit business and offer favorable research coverage in connection with a planned initial public offering of Toys R Us in 2010.
In April 2016 the Justice Department announced that Goldman would pay $5.06 billion to settle allegations relating to the sale of toxic securities between 2005 and 2007.
In August 2016 the Federal Reserve imposed a $36.3 million penalty on Goldman in connection with a case involving a leak of confidential government information.
In December 2016 the Commodity Futures Trading Commission fined Goldman $120 million for attempted manipulation of the foreign exchange market.
submitted by CryptoCoinCounter to Bitcoin [link] [comments]

Bitcoin reports by banks

I am compiling a list of publicly available Bitcoin reports done by banks. Did I miss any?
Central banks
Reports
Warnings
Commercial banks
Reports
Other
submitted by bobthesponge1 to Bitcoin [link] [comments]

Early Look at the Market – Tues 6.6.17 -**PLEASE DO NOT FORWARD THIS DOCUMENT**

J.P. Morgan Early Look at the Market – Tues 6.6.17

PLEASE DO NOT FORWARD THIS DOCUMENT

Morning Levels

Trading Update

Top Headlines for Tuesday

Company-specific news update for Mon night.

Calendar of events to watch for the week of Mon June 5

US – economic growth, monetary policy

Europe

Tech Events – calendar of events coming up over the next few weeks

Full catalyst list

  • Thurs June 8 – China May imports/exports (Wed night/Thurs morning)
  • Thurs June 8 – German industrial production for Apr. 2amET.
  • Thurs June 8 – ECB meeting (7:45amET statement, 8:30amET press conf.).
  • Thurs June 8 – analyst meetings: AZPN, SYMC
  • Thurs June 8 – earnings before the open: Dell, SJM
  • Thurs June 8 – earnings after the close: CLDR, Hudson’s Bay, PAY
  • Thurs June 8 - Jefferies Global Healthcare Conference. June 6-9. NYC.
  • Thurs June 8 - REITWeek: NAREIT Investor Forum. June 6-8. NYC.
  • Fri June 9 – China May CPI/PPI (Thurs night/Fri morning)
  • Fri June 9 – German imports/exports for Apr. 2amET.
  • Fri June 9 – US wholesale inventories/trade sales for Apr. 10amET.
  • Fri June 9 - Jefferies Global Healthcare Conference. June 6-9. NYC.
  • Mon June 12 – earnings after the close: SAIC
  • Tues June 13 – Eurozone ZEW survey expectations for June. 5amET.
  • Tues June 13 – German ZEW survey results for June. 5amET.
  • Tues June 13 – US PPI for May. 8:30amET.
  • Tues June 13 – Morgan Stanley Financials Conf. June 13-14.
  • Tues June 13 – analyst meetings: PSTG
  • Tues June 13 – earnings after the close: HRB
  • Tues June 13 – Citigroup Industrials Conf. June 13-14. Boston.
  • Tues June 13 - Morgan Stanley Financials Conf. June 13-14.
  • Wed June 14 – China May retail sales, FAI, and IP (Tues night/Wed morning)
  • Wed June 14 – Eurozone industrial production for Apr and Q1 employment data. 5amET.
  • Wed June 14 – US CPI and retail sales for May. 8:30amET.
  • Wed June 14 – US business inventories for Apr. 10amET.
  • Wed June 14 – Fed decision (2pmET statement; 2:30pmET press conf.).
  • Wed June 14 – analyst meetings: Deutsche Boerse, MAT
  • Wed June 14 – earnings after the close: JBL
  • Wed June 14 - Citigroup Industrials Conf. June 13-14. Boston.
  • Wed June 14 - Morgan Stanley Financials Conf. June 13-14.
  • Thurs June 15 – Eurozone trade balance for Apr. 5amET.
  • Thurs June 15 – US Empire Manufacturing for June. 8:30amET.
  • Thurs June 15 – US import price index for May.
  • Thurs June 15 – US industrial production for May. 9:15amET.
  • Thurs June 15 – NAHB housing market index for June. 10amET.
  • Thurs June 15 – earnings before the open: KR
  • Thurs June 15 – earnings after the close: FNSR
  • Fri June 16 – Eurozone May new auto registrations. 2amET.
  • Fri June 16 – Eurozone labor costs for Q1 and CPI for May. 5amET.
  • Fri June 16 – BOJ rate decision (Thurs night/Fri morning)
  • Fri June 16 – US housing starts/building permits for May. 8:30amET.
  • Fri June 16 – US Michigan Confidence for June. 10amET.
  • Fri June 16 – analyst meetings: GLW
  • Mon June 19 – China May property prices (Sun night/Mon morning)
  • Mon June 19 – Eurozone construction output for Apr. 5amET.
  • Tues June 20 – Fed speakers: Kaplan
  • Tues June 20 – analyst meetings: ADI, EXLS, GE (at Paris Airshow)
  • Tues June 20 – earnings after the close: ADBE, FDX
  • Wed June 21 – US existing home sales for May. 10amET.
  • Wed June 21 – earnings before the open: KMX
  • Wed June 21 – earnings after the close: ORCL
  • Thurs June 22 – ECB publishes economic bulletin. 4amET.
  • Thurs June 22 – Eurozone consumer confidence for June. 10amET.
  • Thurs June 22 – US FHFA home prices for Apr. 9amET.
  • Thurs June 22 – analyst meetings: V
  • Fri June 23 – Eurozone flash PMIs for June. 4amET.
  • Fri June 23 – US flash PMIs for June. 9:45amET.
  • Fri June 23 – US new home sales for May. 10amET.
  • Fri June 23 – Fed speakers: Mester
  • Tues June 27 – China May industrial profits (Mon night/Tues morning)
  • Wed June 28 – earnings before the open: MON
submitted by SIThereAndThere to The_Street [link] [comments]

Merrill lynch bans bitcoin investments and the sec warns cryptocurrency investors Bitcoin trading banned by Merrill Lynch Crypto News - Texas Sues Bitconnect - Merrill Lynch Bans BTC Merrill lynch bans customers from investing in barry silbert’s bitcoin investment trust Merrill Lynch and Bank of America bans Crypto! NAV Coin $NAV Tales from the Crypto

Merrill Lynch has blocked clients and financial advisers who trade on their behalf from buying bitcoin, citing concerns over the cryptocurrency’s investment suitability. Merrill Lynch, the brokerage arm of Bank of America, has blocked financial advisers and clients from trading in bitcoin-related investments. The ban extends to clients trading in Grayscale’s ... Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, ... Bank of America Merrill Lynch banned clients from investing in one of bitcoin mogul Barry Silbert's top funds last month, according to a memo seen by Reuters. Now, Bank of America Merrill Lynch is separating itself from all its dealings in cryptocurrencies. Last month, Bank of America Merrill Lynch banned its clients from investing in the Bitcoin Investment Trust, one of the top Bitcoin funds available in the market, according to a recent report by Reuters.

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Merrill lynch bans bitcoin investments and the sec warns cryptocurrency investors

FBN's Cheryl Casone on Merrill Lynch's decision to ban bitcoin trading due to the risks. This Episode Of Bitcoin News Today Covers: Texas Sues Bitconnect Merrill Lynch Bans BTC Binance Temporarily Closes Registrations Coinbase Reminds User to Pay Taxes. Merrill lynch bans bitcoin investments and the sec warns cryptocurrency investors. Merrill Lynch bans Cryptocurrency investing! (Merrill Lynch is the Brokerage that went under during the 2008 economic crisis and got bought out with US Gover... Merrill lynch bans customers from investing in barry silbert’s bitcoin investment trust.

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