Surging Bitcoins Attracts Goldman Sachs Exploring Opportunities

Recently headlined on various global mainstream media, Bitcoin had climbed into a high value of over $6,000, which also drew the attention of International Monetary Institution (IMF).
Not everyone appreciated the rationality of what made Bitcoin booming exponentially, nonetheless, the market approved its recognition. Bitcoin, featured with decentralisation and the attached value in the blockchain applications, has earned more and more supporters since its inception.
Despite different attitudes toward Bitcoin and its applications, and strict restrictions of the cryptocurrency trading in some countries, Bitcoin’s technical infrastructure and application frame (particularly in blockchain applications) have been recognised across a wide range of industries and global organisations. Government institutions as well as global corporate giants started to invest huge resources into the research of the blockchain technology.
Dubai has recently established the first government-backed cryptocurrency in the world. JP-Morgan, Microsoft, Intel and other thirtyish global organizations initiated a new blockchain alliance.
The world top three credit card issuers (VISA, Master, American Express) have joined the Hyperledger project. Goldman Sachs considers introducing Bitcoin and other cryptocurrencies into Wall Street. If so, Goldman Sachs will be the first global investment bank operating the cryptocurrency transactions in Wall Street.
In addition to the bitcoin transactions, words run around the market that Goldman Sachs is also interested in launching a cryptocurrency exchange and has taken some market researches on some existing cryptocurrency exchanges in the US, Japan, Australia and the UK, such as Coinbase’s GDAX, BitFlyer, Bitfinex, Poloniex, potential consideration of acquisitions or investments in some emerging exchanges, like XBrick or Binance. However, Goldman Sachs has not confirmed any of these actions.
At press time, the total market value of cryptocurrencies is estimated nearly $172 billion, of which there are 12 cryptocurrencies with a market value of over $1 billion respectively, according to the CoinMarketCap’s Index.
Bitcoin has the market capitalization of $98.4 billion, accounting for nearly 57% of the total cryptocurrency market value, which positions itself #1 cryptocurrency with no doubt. To date, no mainstream commercial bank has announced to join the cryptocurrency market, neither top tier organisations have engaged in setting up cryptocurrency exchanges.
The violent volatility of Bitcoin prices builds up the dreams of becoming rich instantly and quick returns on investments, which may perfectly match what the Wall Street investors are looking for. On the other hand, this is exactly the issue that the regulators will focus on. Efficient supervision and disciplines are needed to guide this valuable market to sustainability.

原文链接：https://www.coinspeaker.com/2017/10/27/surging-bitcoins-attracts-goldman-sachs-exploring-opportunities/

The popular wallet provider, Blockchain (formerly known as Blockchain.info), has announced support for bitcoin cash (BCH), and attributed it to users with a considerable amount of balance.
Starting today, bitcoin in the Blockchain wallet can access the same amount of bitcoin cash transactions or storage.
Bitcoin appeared in the Blockchain wallet, the move began in August 1st bitcoin hard forking two months later, Blockchain wallet initially uncertain whether it will support bitcoin cash.
Statement: "since August 1st, bitcoin cash is hard bifurcation activation, we continuously monitor the emerging digital assets bitcoin cash, and confirmed in a brief update, we decided in about 8 weeks, according to the requirements of users, launched limited support."
The blockchain first proposed to meet the users of bitcoin cash requirements at the end of August. Some wallet providers quickly open up access to the user, while some other wallets do not fully understand bitcoin bitcoin cash after hard forking.
Bitcoin cash prices since the release has been showing a downward trend, every new wallet has shown that bitcoin cash sell-off coincides with lower prices.